India, Sept. 15 -- Investment firm Novastar Partners has made its maiden India bet by investing an undisclosed sum in Aviral Bhatnagar-led venture capital fund A Junior VC (AJVC), becoming a limited partner for the firm.

Founded in 2024 by Bhatnagar, AJVC is a pre-seed focused investment firm that closed its maiden fund at Rs.200 Cr last year. It has made 32 investments to date, backing early-stage startups like Iztri, Handy Panda, Mindcase, among others.

Backing startups at the pre-seed or idea stage, AJVC typically invests Rs.1.5 Cr for 9% equity. The firm then works closely with founders to build out the business by helping refine product, optimising hiring and people strategy, assisting in sales and marketing, while also aiding in f...