The Saha Fund, led by venture capitalist Ankita Vashishtha, has achieved a remarkable milestone by exiting its investment in JoulestoWatts Business Solutions with an extraordinary 40× return. This marks one of the most successful buybacks in India’s venture capital landscape and highlights the growing strength of women-led investment strategies in the country.
From Early Bet to Major Win
Back in 2016, when Saha Fund first backed JoulestoWatts, the vision was clear — to support a tech-driven company that could transform India’s talent landscape. The startup, founded with the goal of connecting skilled technology professionals with global enterprises, tapped into the rising demand for specialized tech talent. Over the years, JoulestoWatts became a trusted partner for companies building Global Capability Centres (GCCs) in India.
Today, it works with over 300 GCCs and serves nearly 70% of Fortune 500 companies, spanning sectors such as information technology, banking, financial services, insurance, and healthcare. Its ability to adapt to global needs while maintaining Indian efficiency helped it stand out in a competitive market.
Innovation, Leadership and Growth
JoulestoWatts’ growth story is powered by innovation and strong leadership. By focusing on new-age technologies such as artificial intelligence, cloud computing, data analytics, and cybersecurity, the company has redefined how businesses manage their tech operations. It has also built a vast network of over 5,000 consultants, offering tailor-made solutions for complex digital challenges faced by global enterprises.
The startup reported rapid expansion with a tenfold increase in revenue, year-on-year growth of over 50% in client acquisitions, and a growing reputation as one of India’s fastest-scaling tech services providers. This strong performance helped Saha Fund realize its exceptional returns and reinforced the value of long-term strategic investing in promising enterprises.
Powering Women-Led Investments
For Ankita Vashishtha, this success story is also a victory for women in the investment ecosystem. The Saha Fund was launched with a vision to empower and fund women-led and women-focused businesses in India. By supporting JoulestoWatts, the fund not only backed a high-potential company but also proved that diversity and inclusion can drive real financial success.
Ankita believes that India’s technology landscape is evolving fast and that investing in innovative, women-led ventures is both a smart and sustainable strategy. Her fund’s success underscores the growing potential of women entrepreneurs and investors in building scalable, future-ready businesses.
The Road Ahead
Following this successful exit, Saha Fund is now focusing on new opportunities through Arise Ventures, a next-generation venture fund led by Ankita and her team. With a target corpus of ₹500 crore, Arise Ventures aims to invest in sectors such as enterprise technology, consumer tech, and health tech, nurturing startups that are redefining India’s innovation ecosystem.
The JoulestoWatts exit is more than just a financial milestone — it is proof that focused vision, patient capital, and belief in people can yield extraordinary results. It serves as inspiration for both investors and entrepreneurs, showing that with the right strategy, Indian startups can deliver world-class outcomes and create long-term impact.