Singularity AIF
Our view on their team, the pedigree, the funds & investment philosophy followed.
IME's Review of Singularity AIF
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
AMC View
We maintain a **Neutral** stance on Singularity. While we acknowledge their **pedigree and its ability to assemble a seasoned team spanning both alternatives and listed equity investing**, the firm is still relatively early in establishing its track record. Given the limited visibility on **performance across multiple market cycles**, we believe the platform is still in the process of building its long-term credibility.
AMC Pedigree
Singularity's Pedigree is driven by their founder network and sponsor backing, notably Yash Kela (Founder & CIO) and entrepreneur Mithun Sacheti (CaratLane founder), with strategic mentorship from market veteran Madhu Kela (Ex-Head Reliance MF). The platform has gradually expanded from venture investing to multiple alternative strategies, including growth equity, PIPE, and fund-of-fund structures. Between 2015 and 2021, Singularity operated primarily as a private investment vehicle and family office. They only transitioned to a formal, SEBI-registered Alternative Investment Fund (AIF) structure (Singularity AMC) in July 2021 - vintage of these regulated funds is still new.
Team Pedigree
Singularity is supported by a seasoned investment team led by Yash Kela (Founder & CIO), who built the platform and has driven its investment strategy since inception. He is joined by Ramanan Venkateswaran (Co-CIO), formerly with Reliance Mutual Fund, bringing extensive experience in listed equities, and Sandeep Bhagat (Co-CIO), who comes from the private markets ecosystem with prior roles at Trifecta Capital and Hillhouse Capital. The firm also benefits from the guidance of Madhu Kela (ex-Reliance MF & Reliance Capital), a well-known market veteran who serves as a mentor to the platform.
Investment Philosophy
Singularity’s philosophy centres on ecosystem access, partnering with fund managers or founders who already have strong deal flow and networks, allowing Singularity to participate in high-quality opportunities through funds, co-investments, and direct deals. Manager quality, access to differentiated networks, and the ability to capture value across multiple stages of the startup lifecycle are central to their investment approach
Investment team
Yash Kela | 3-star rated FM
Founder & CIO | 13 yrs Experience | 11 yrs at current firm
Yash Kela founded Singularity Ventures in 2015 and has since been responsible for driving the firm’s investment strategy and portfolio development, including taking board roles in several portfolio companies. Prior to launching Singularity, his experience was largely across credit, venture ecosystems, and industry exposure through partnerships and investment committees. While he has been active in venture investing since establishing Singularity, his direct public markets fund management experience prior to launching the platform appears limited. He has also partnered with early-stage venture funds such as Artha Ventures and Sixth Sense Ventures during their formative years
Ramanan Venkateswaran | 4-star rated FM
Co-CIO | 31 yrs Experience | 1 yrs at current firm
Past Experience: Reliance MF (Head of Research), Premjiinvest (Partner), MK Ventures (Chief Investment Strategist)
Ramanan Venkateswaran brings ~28+ years of experience in listed equities, spanning research, sell-side equities, and fund management. He served as Head of Research at Reliance Mutual Fund and later served as Co-Head of Listed Equities at Premji Invest, the investment arm of the Premji family office.
Sandeep Bapat | 3-star rated FM
Co-CIO | 18 yrs Experience | 2 yrs at current firm
Past Experience: Trifecta Capital (Partner), Hillhouse (Executive Director), Blackstone (Sr Associate)
Sandeep Bhagat brings ~16+ years of experience in growth and venture equity investing, with prior roles across private equity and venture capital platforms. Before joining Singularity, he was a Partner at Trifecta Capital, a venture debt platform focused on high-growth startups, and earlier served as an Executive Director at Hillhouse Capital, working on growth-stage investments in Asia. He also began his investing career as part of the Private Equity team at Blackstone India, gaining exposure to large-cap private market transactions
Recommended Funds
Singularity Fund of Funds II
Experience the benefits of working with a 'research-first' investments firm
Free 15-Day Trial of IME RMS App
Get complimentary access to the revolutionary IME RMS App (direct access to IME's central team insights across 1000's of MFs, PMSs, AIFs & Global funds - a first in the industry).
Additionally, a dedicated private banker will help build your financial plan, investment mandate & undertake a comprehensive portfolio review for free.
