Article: Mumbai-based Aurrevia has launched a Category III Alternative Investment Fund, securing a $10 million anchor commitment from the Kothari Family Office via Aarii Ventures. The fund’s proprietary TechnoValue dual-strategy and strict ESG screening aim to deliver risk-adjusted returns for investors targeting India’s fast-growing alternative-investment market.
The TechnoValue dual-strategy
TechnoValue blends two distinct investment approaches. The “Deep Value” pillar hunts for stocks that look cheap relative to fundamentals, while the “Momentum” pillar pours capital into securities already moving upward. By pairing rigorous research with momentum-driven rebalancing, the fund smooths volatility and captures upside across market caps and sectors.
Because managers actively manage the strategy, they can shift weights as market conditions change instead of staying locked into a static allocation. Their goal is to protect capital while still riding the growth of Indian equities.
Governance and ESG screening
Beyond the investment model, Aurrevia built a governance-focused mandate. The fund uses a negative screen that excludes companies involved in tobacco, liquor, gambling, meat, and leather. The screen aligns the portfolio with investors who demand both financial performance and social responsibility.
The screen runs at the security-selection stage, so any company flagged for those activities is automatically omitted, regardless of its valuation or momentum profile. This narrows the investable universe but reinforces the fund’s ethical positioning.
Who is steering the ship
Two seasoned professionals lead the launch. Sagar Nishar, former Chief Investment Officer of the Kothari Family Office, brings direct experience with the anchor investor and was recently listed on the Forbes 30 Under 30 Asia 2026 roster for Finance and Venture Capital. Suyog Dhavan, founder of StrategicAlpha, designed the TechnoValue framework and will oversee its day-to-day application. Their combined track records give the fund credibility among high-net-worth and institutional backers.
Why the timing matters
India’s alternative-investment sector is expanding at an unprecedented rate. As of March 2026, total commitments across all Alternative Investment Funds (AIFs) have topped ₹16.9 lakh crore, and Category III funds—those that employ complex trading strategies or act as hedge funds—account for over ₹3.14 lakh crore of that pool.
The surge reflects growing appetite among institutions and wealthy individuals for assets that sit outside traditional equity and debt markets. Aurrevia’s research-heavy, ESG-aware model is positioned to attract investors who want sophisticated exposure without sacrificing ethical considerations.
Takeaway
Aurrevia’s Category III AIF arrives with a clear value proposition: a proprietary dual-strategy engine coupled with an ESG-first mandate, backed by a $10 million anchor.