Iron Pillar

Bangalore / Palo Alto, June 2, 2020 – Iron Pillar, a venture growth investor specializing in mid stage technology investments in India, today announced a strategic partnership and investment by Nitya Capital, a rapidly growing investment firm in the US with $2 billion of assets under management. The investment was made in Iron Pillar Holdings Limited, alongside founding partners, Anand Prasanna, Mohanjit Jolly and Ashok Ananthakrishnan. Nitya Capital was founded by Swapnil Agarwal who grew the firm from $300,000 in personal savings to $2 billion of assets under management in just seven years, with top tier investor returns

According to Anand Prasanna, Founder and Managing Partner, Iron Pillar, “After getting the opportunity to back some great companies in our first fund, we were looking for a like-minded long-term partner who believed in India and the technological prowess of Indian entrepreneurs. I have closely known Swapnil for over 12 years and have often explored opportunities to collaborate, especially when it comes to connecting the U.S. and Indian technology ecosystems. It is this shared vision and entrepreneurial spirit in common that made Swapnil and Nitya Capital the most preferred partnersfor our journey ahead. By being a partner with Iron Pillar through this investment, Nitya Capital will support us in our mission to build large and successful technology companies from India.”

Iron Pillar has been actively building a bridge between its portfolio companies and the well-developed technology ecosystem and markets in the U.S, something that might be considered unusual for an India focused fund. Mohanjit Jolly, one of the partners at Iron Pillar, is based in Silicon Valley and has brought this strategic advantage to Iron Pillar companies since inception. As a result, portfolio companies can scale faster and address challenges head-on by getting access to experienced tech founders, CEOs, executives and mentors from Silicon Valley – a lot of them of Indian origin. In addition, U.S. also happens to be the largest traditional source of capital for Indian VCs and tech companies. Iron Pillar has actively helped many of its portfolio companies raise follow-on capital through its strong network of investors in the U.S. The new partnership with Nitya Capital will significantly expand Iron Pillar’s network of investors, advisors and thought leaders.

Speaking about the partnership, Swapnil Agarwal, Founder and Managing Principal of Nitya Capital commented, “We are delighted to partner with Iron Pillar. I have a long standing association with Anand and closely followed the team and the platform over these years. The Iron Pillar model is unique for its long-haul visionary approach to building large outcome technology companies from India. We are looking forward to augmenting this endeavor and building a portfolio of high return investments in the long term.”

Iron Pillar will continue to raise and invest through a series of technology focused growth-stage funds in India, which will be built on Iron Pillar Fund 1’s core strategy. The firm has announced the successful closure of a $45M Iron Pillar Top Up Fund in May 2020 to continue to support high-growth portfolio companies from Iron Pillar Fund 1 that are performing well during the COVID-19 crisis.

“As a long-term partner, Nitya Capital brings a combination of strong belief in Indian entrepreneurial opportunity, deep network of global investors to back them and strong balance sheet for Iron Pillar,” added Prasanna.

About Nitya Capital:
Nitya Capital is a privately held real estate firm in the US with $2 billion in assets under management. The firm’s assets span from its 16,000+ multifamily units to commercial office, single family homes, retail, townhome development and multi-use ground-up development projects. Nitya is a vertically integrated real estate platform that manages its assets through its sister property management arm, Karya Property Management. Additional information about Nitya Capital is available at

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About Iron Pillar

Iron Pillar

Iron Pillar is a venture growth investor, focused on enterprise and consumer technology businesses that are building from India for the world. Since 2016, Iron Pillar has been working closely with extraordinary Founders to help them scale profitably from ~$10 million to $100 million+ in revenues. The firm has consistently executed this strategy across its marquee list of portfolio companies, including BlueStone, CureFoods, FreshToHome, Servify, Uniphore and others.

Beyond capital, Iron Pillar works alongside Founders to accelerate their business growth across three key areas: (1) expanding business development to global markets; (2) providing guidance on go-to-market strategies, including access to C-level talent; and (3) facilitating strategic capital introductions. The firm is dedicated to partnering with Founders on their journey to build transformational, resilient and valuable companies.

Iron Pillar has offices in Bangalore, Mumbai, Dubai and Palo Alto. Additional information is available at