Ashish Jain
Partner
Thirty years in real estate development and consultancy. The last decade has gone almost entirely to early-stage ventures — helping founders get from an idea to a company that holds together.
Who we are
Oncor is deliberately compact. Everyone here is close to the decision, which is why we can move as quickly as we do — and why we lean hard on an advisory bench that knows these sectors better than we ever will.
The office
Oncor Capital is a family office based in New Delhi. We invest our own balance sheet in companies building hard technology — semiconductors, deep tech, renewable energy and AI.
We are newer on this side of the table, and we think that is worth saying plainly rather than dressing up. What it means in practice is that we are hungry, we move quickly, and we are willing to take the kind of technology risk that a larger institution has to talk itself out of. We would rather be early and wrong occasionally than late and comfortable every time.
What we bring beyond the cheque is access. We have spent years building operating relationships inside the industries we invest in, and we are well connected across New Delhi's VC funds, family offices and institutional investors. For a founder raising a first or second round, that network is usually worth more than the money — and we open it from day one.
Investment team
Amit Jain
Partner
Thirty years in real estate development and consultancy, with a specialism in large-ticket advisory transactions. That deal experience now goes into backing companies at their earliest stage.
Akshay Jain
Associate
Finance graduate of the University of British Columbia. Previously in private equity consulting at Alpha FMC, and a financial analyst at GeoComply, the Vancouver-based unicorn.
Arnav Jain
Analyst
Currently at Shri Ram College of Commerce and a CFA candidate. Builds the financial models that sit underneath our diligence.
Apurva Jain
Investor Relations
MBA from RMIT Melbourne and an LLB from O.P. Jindal Global University — the two halves of most conversations we have with co-investors.
Advisors
The bench we call before we write a cheque.
We do not pretend to be the smartest people in a room about chip design, grid economics or model architecture. Our advisors are, and they see everything technical before we commit. For a founder, this is the part of Oncor that matters most after the money.
G.S. Madhusudan
Semiconductors
CEO and co-founder of InCore Semiconductors, India's first processor IP company. Co-founder of the SHAKTI processor programme at IIT Madras, which produced the country's first indigenous industrial-grade RISC-V processors.
LinkedIn ↗Naveen Gupta
Semiconductors
Two decades in chip design across Arm and AMD, where he built the test-chip team from scratch and delivered ten tape-outs — every one a first-pass success. Later VP of Sales and Marketing at Insemi. He is who we call on design and tape-out risk.
LinkedIn ↗Gaurav Asthana
M&A & Capital Markets
Founding and Managing Partner of Transjovan Capital, the New Delhi cross-border M&A advisory he started in 2011. Two decades in M&A and private equity across four continents, previously at EY and KPMG.
LinkedIn ↗