Launching 2026

A trusted partner that’s engineered for founders who thrive inside the ice and fire of entrepreneurship.

Funds focus on Companies.

We focus on Founders.

The ones who make the impossible, inevitable.

What we do

Introducing Forj Founders Fund I

Capital-on-call for the best-in-class founders  of category defining companies. 
We are a ‘growth-stage’, ‘founder-focused’ ‘secondaries’ fund. 
A neutral third party, writing thoughtful cheques to help founders deliver fast and fair liquidity

ESOP Liquidity

Reward the people who built the company and keep them motivated for what comes next. We design structured ESOP liquidity programs that allow teams to realise value while staying aligned with long-term growth.

Founder Liquidity

We enable founders to access personal liquidity without the signalling risk. Whether it’s tax obligations, partially paid-up capital, a home purchase, or a life milestone - we step in as long-term partners, not quick-flip tourists.

Micro Investor Exits

Clean exits for early believers. We help founders provide timely liquidity to early angels, friends, and family - simplifying the cap table while honouring those who backed the journey early.

Liquidity, handcrafted for the top 1% founders - by the top 1% founders

Forj Founders Fund I is backed by India’s most iconic founders, people who have built, and scaled now listed technology startups. They participate as capital providers and long-term partners who understand timing, context, and founder psychology.

How Forj Operates

Founder-Focused


We prioritise long-term relationships over transactions. Every engagement begins with founder context, not “deal” mechanics.

Neutral, Timely Secondaries


We can come in during a round or outside one - quietly, flexibly, and without signalling risk.

Thoughtful by Design

Our view: Big isn’t always better. Our cheque sizes typically range from $500K to $5M, allowing us to stay flexible, move fast, and solve precise founder needs without process friction. We run a lean team by design - founder anxiety reduction is a guiding principle, not a tagline.

Growth Stage


We partner with founders of category-defining companies that have clear product-market fit and are scaling with conviction. Typically, this is a founder who has spent 8–10+ years building the business and deserves a white-glove, highly considered approach to liquidity.
key advisors

Advised by a select group of top founders from India’s startup ecosystem

about us

Built by an Operator. Engineered for the Top 1%.

Forj is a founder-first, secondary-focused, growth-stage VC run by an operator who’ve built and scaled billion-dollar companies

Juhi
Bhatnagar

DESIGNATION
Founder & Managing Partner
PREVIOUSLY AT
Years of operating at the centre of India’s consumer internet ecosystem, paired with a reputation for sniper-level execution, created rare access. Juhi began investing in 2021, quietly deploying her own capital, initially backing founders she knew through operating circles and had deep conviction in.
Today, her portfolio spans category-defining consumer companies such as Atomberg, Ayurveda Experience, Pratilipi, GOAT Brands, and Scanpay, alongside co-investors including Temasek, A91, Jungle, Khosla, Elevation, and Steadview.
Her core strength is spotting business inflection points early & seeing momentum before it becomes visible in the market. At Forj, she is scaling that instinct into an institutional platform designed to be the partner of choice for India’s best-in-class founders.
Juhi often describes Forj as solving an operating problem in an investing world, a neutral, founder-first platform purpose-built for the leaders of category-defining companies at the growth stage.
She spent over 13 years inside iconic consumer and internet companies. As India employee #2 at Snapchat, she led Strategy & Growth, taking India from 15M to more than 200M users and transforming the country into Snapchat’s largest global market. Her operating experience across Swiggy, Yelp, and MuSigma, spanning product, growth, and data science, grounds her investing in real execution depth.
She holds a Wharton MBA (merit scholar) and a degree in Electrical Engineering (merit scholar). Juhi is also co-founder of the Indian AI Research Organisation (IAIRO), a national-scale initiative to build India’s frontier AI capabilities.

Guiding Principles

Fast

Weeks, not quarters.

Fair

Partnership over counterparties.

Founder - First

Relationships over transactions.

Focused

Precision over noise.

Fearless

Conviction over consensus.

Guiding Principles

Fast

Weeks, not quarters.

Fair

Partnership over counterparties.

Founder - First

Relationships over transactions.

Focused

Precision over noise.

Fearless

Conviction over consensus.

Portfolio

Capital-on-call for best-in-class founders of category-defining companies.

Atomberg

We invested because of the strong PMF, high operating leverage, and the founder's edge in building at the intersection of hardware and consumer.

Year INVESTED

2022

INDUSTRY

D2C

STATUS

Active

Pratilipi

We invested because of the strong, resilient team building India’s largest IP ecosystem with a long-term lens, deep consumer insight, and consistently high NPS across products.

Year INVESTED

2025

INDUSTRY

Media

STATUS

Active

Loop  Health

We invested because of the known and credible founders, early GTM strength, and tailwinds in India's shift to employer-led healthcare.

Year INVESTED

2021

INDUSTRY

Insurance

STATUS

Active

The Ayurveda Experience

We invested because of the company's leadership in the India-to-the-world story, breakout D2C brand presence, high NPS, and massive underserved TAM in Ayurveda.

Year INVESTED

2024

INDUSTRY

D2C

STATUS

Active
Portfolio

Capital-on-call for best-in-class founders of category-defining companies.

Atomberg

We invested in Atomberg because the founders have built a rare Indian company where engineering depth, capital efficiency, and category ambition coexist.

Year INVESTED

2022

INDUSTRY

D2C

STATUS

Active

Loop  Health

We invested in Loop Health for the clarity and courage of the founding team, taking a broken healthcare system head-on with a product-first approach to insurance.

Year INVESTED

2021

INDUSTRY

Insurance

STATUS

Active

Pratilipi

We invested for a strong, resilient team building India’s largest IP ecosystem, with long-term conviction, deep consumer insight, and consistently high product love.

Year INVESTED

2025

INDUSTRY

Media

STATUS

Active

Ayurveda Experience

We invested in Ayurveda Experience because the founders are leading the India-to-the-world Ayurveda story, with rare brand-building ability, deep consumer trust, and the ambition to build a global wellness institution.

Year INVESTED

2024

INDUSTRY

D2C

STATUS

Active
Our Approach

Forj Founders Fund I

Capital on call for the best-in-class founders of category-defining companies.

We build conviction early - when it is clear to us, but not yet obvious to the world. For”j” partners with founders, deploying capital ahead of the visible J-curve.