Top 100 Indian Investors List of 2026
India’s startup funding market in 2026 is in a much better place than it was two or three years ago. The funding slowdown is over. But investors are now stricter than before. They want real revenue, healthy profit margins, and a clear answer to one simple question — why will your idea work right now?
Indian VC funds raised about $5.4 billion in 2025. That is double the year before. AI-related deals alone went up by close to 60%. India is now the third-largest country in the world for startup funding. We have 126 unicorns and more than 1.4 lakh registered startups.
This list covers the 100 investors most worth knowing in 2026. It has big VC firms, angel investors, growth-stage funds, sector specialists, and family offices. Some of them write small first cheques. Some write big late-stage cheques. Most sit somewhere in the middle.
Section 1: Big VC firms that write cheques at every stage
1. Peak XV Partners
About: Used to be Sequoia Capital India and Southeast Asia. Became its own independent firm in 2023 after the global Sequoia split. Manages over $9 billion across 13 funds with offices in Bengaluru, Mumbai, Delhi, Singapore, and Dubai. Closed $1.3 billion across three new funds in late 2025 — its first big fundraise after going independent. Key partners include Shailendra Singh, G.V. Ravishankar, Mohit Bhatnagar, and Rajan Anandan.
Ideal for: Founders raising Series A to growth-stage rounds. Also runs Surge — a seed-stage programme for first-time founders.
| Category | Details |
|---|---|
| No. of Investments | 436+ companies (Tracxn, March 2026). 49 new in the last 12 months. |
| Industries | Enterprise software, consumer tech, fintech, SaaS, healthcare, AI |
| Social | — linkedin.com/company/peakxvpartners | X — x.com/peakxvpartners | Web — peakxv.com |
| Portfolio | Zomato, Razorpay, CRED, Meesho, Groww, Tata 1mg, Ixigo, Wakefit, Atlan, Supabase |
2. Accel India
About: Indian arm of Accel, the global VC firm started in 1983 in Palo Alto. The India team was set up in 2008 in Bengaluru after Accel bought Erasmic Venture Fund. Closed Fund VIII at $650 million in early 2025, taking total India money committed to close to $3 billion. Backed by 131 institutional investors. Also runs Accel Atoms — a pre-seed programme for first-time founders.
Ideal for: Seed to Series B founders in SaaS, fintech, and consumer.
| Category | Details |
|---|---|
| No. of Investments | 245+ in India (Tracxn). 1,208 globally. |
| Industries | SaaS, fintech, consumer brands, B2B marketplaces, AI, developer tools. |
| Social | — linkedin.com/company/accel-partners | X — x.com/Accel Web — accel.com |
| Portfolio | Flipkart, Swiggy, Freshworks, BrowserStack, Urban Company, Myntra, BlackBuck, BookMyShow, Acko. |
3. Lightspeed India Partners
About: Indian arm of Lightspeed Venture Partners, a Silicon Valley firm started in 2000. Has been investing in India since 2007 — its first India bet was on TutorVista. Set up a dedicated India fund in 2015 at $135 million. Has separate funds for early-stage, growth, and AI bets. Fund IV closed at $500 million in 2022; Fund V is being raised now.
Ideal for: Seed to growth-stage founders in consumer, SaaS, and AI.
| Category | Details |
|---|---|
| No. of Investments | 200+ in India. Over $25 billion in assets under management globally. |
| Industries | Consumer tech, SaaS, fintech, commerce, AI, healthcare. |
| Social | — linkedin.com/company/lightspeed-india-partners | X — x.com/lightspeedindia | Web — lsip.com |
| Portfolio | OYO, Udaan, ShareChat, Byju's, Yellow.ai, OkCredit, Pixxel, Magicpin. |
4. Nexus Venture Partners
About: India-US cross-border VC firm started in 2006 by Naren Gupta, Suvir Sujan, and Sandeep Singhal. Has offices in Mumbai, Bengaluru, and Menlo Park. Closed Fund VIII at $700 million — its biggest fund ever. Known for backing Indian founders building global software products and for being one of the first firms to bridge Indian engineering with US enterprise buyers.
Ideal for: Seed to Series B founders, especially in enterprise software selling to global markets.
| Category | Details |
|---|---|
| No. of Investments | 200+ across India and the US. |
| Industries | Enterprise SaaS, data infrastructure, consumer tech, AI, deep tech. |
| Social | — linkedin.com/company/nexus-venture-partners | X — x.com/NexusVP | Web — nexusvp.com |
| Portfolio | Delhivery, Postman, Unacademy, Druva, Pratilipi, Rapido, Whitehat Jr, MoneyView. |
5. Z47 (formerly Matrix Partners India)
About: Rebranded from Matrix Partners India in 2024 after Matrix split into independent regional firms globally. Originally started in 2006. The name “47” comes from the firm’s goal of helping build a developed India by 2047. Latest fund (Fund IV) closed at $550 million. The team is made entirely of former founders and operators, which it calls its biggest difference from other VCs.
Ideal for: Founders at Seed to Series B in fintech, consumer brands, and B2B.
| Category | Details |
|---|---|
| No. of Investments | 275+ in India (CB Insights). 317 globally (PitchBook). |
| Industries | Fintech, consumer brands, SaaS, AI, B2B commerce, manufacturing. |
| Social | — linkedin.com/company/z47-vc | Web — z47.com | Email — namaste@z47.com |
| Portfolio | Razorpay, Ola, OfBusiness, Country Delight, Dailyhunt, OneCard, Jupiter, The Whole Truth, Foxtale. |
6. Elevation Capital
About: Used to be called SAIF Partners until it rebranded to Elevation Capital in 2020. One of the oldest India-focused growth investors — has been backing Indian founders for over 20 years. Has offices in Gurugram and Bengaluru. Known for early cheques in Paytm and Swiggy when both firms were small. The team is led by Ravi Adusumalli.
Ideal for: Seed to Series B founders in fintech, consumer, and B2B SaaS.
| Category | Details |
|---|---|
| No. of Investments | 180+ companies in India. |
| Industries | Fintech, consumer internet, B2B SaaS, edtech, healthcare. |
| Social | — linkedin.com/company/elevation-capital | X — x.com/Elevation_Cap | Web — elevationcapital.com |
| Portfolio | Paytm, Swiggy, Meesho, Urban Company, Acko, Spinny, Unacademy, ShareChat. |
7. A91 Partners
About: Indian growth-stage VC firm started in 2018 by Abhay Pandey, Gautam Mago, and VT Bharadwaj — all former Sequoia India partners. Based in Mumbai. Closed Fund III at $665 million in 2023. Backs founders with a 10-year-plus view. Likes to take board seats and stay deeply involved with portfolio firms.
Ideal for: Series B and growth-stage founders in consumer and software.
| Category | Details |
|---|---|
| No. of Investments | 30+ companies. |
| Industries | Consumer brands, financial services, B2B SaaS, healthcare. |
| Social | — linkedin.com/company/a91-partners | Web — a91partners.com |
| Portfolio | Sugar Cosmetics, Atomberg, Digit Insurance, Pushp Foods, Plum, Aknamed, Exotel. |
8. Kalaari Capital
About: Founded by Vani Kola in 2006 — one of the few female-led VC firms in India. Based in Bengaluru. Has been one of the most consistent early-stage investors in India for nearly two decades. Runs the Kstart programme for first-time founders. Known for empathy-driven, hands-on support of portfolio firms.
Ideal for: Seed and Series A founders in consumer tech, healthtech, and digital media.
| Category | Details |
|---|---|
| No. of Investments | 120+ companies. |
| Industries | Consumer tech, healthtech, digital media, edtech, fintech. |
| Social | — linkedin.com/company/kalaari-capital | X — x.com/KalaariCapital | Web — kalaari.com |
| Portfolio | Cure.fit, Dream11, Myntra (exited), Snapdeal, ZipLoan, Vogo, Active.ai, Milkbasket. |
9. Chiratae Ventures
About: Used to be IDG Ventures India until it rebranded to Chiratae Ventures in 2019. Started in 2006. One of India’s oldest tech-focused VC firms. Has offices in Bengaluru, Mumbai, and Chennai. Led by Sudhir Sethi and Ranjith Menon. Known for strong bets in AI and deep tech long before they became popular sectors.
Ideal for: Seed to Series B founders in tech, deep tech, and AI.
| Category | Details |
|---|---|
| No. of Investments | 150+ companies. |
| Industries | AI, deep tech, fintech, SaaS, healthtech, consumer tech. |
| Social | — linkedin.com/company/chiratae-ventures | X — x.com/ChirataeVC | Web — chiratae.com |
| Portfolio | Lenskart, FirstCry, Yatra, Cure.fit, Bounce, PolicyBazaar, Cropin, Uniphore. |
10. Bessemer Venture Partners India
About: India team of Bessemer Venture Partners, one of the oldest VC firms in the US (started in 1911). Raised $350 million for early-stage India deals in 2024. Has an office in Bengaluru, led by Vishal Gupta and Anant Vidur Puri. Known globally for its “anti-portfolio” page that publicly lists companies they passed on. Strong in cloud software and fintech bets.
Ideal for: Series A founders in cloud software, fintech, and healthcare.
| Category | Details |
|---|---|
| No. of Investments | 60+ in India. |
| Industries | Cloud software, fintech, healthcare, consumer, AI. |
| Social | — linkedin.com/company/bessemer-venture-partners | X — x.com/BessemerVP | Web — bvp.com |
| Portfolio | BigBasket, Swiggy (early), Pharmeasy, Urban Company, Perfios, Livspace, ZenoHealth. |
11. SoftBank Vision Fund
About: Started by Masayoshi Son under SoftBank Group, Japan. Vision Fund 1 launched in 2017 at $100 billion — the largest tech investment fund ever. Vision Fund 2 added another $56 billion. Writes very large cheques, usually $50 million and above. Has been one of the biggest backers of Indian unicorns over the last decade. Recently cut some bets but is still active in 2026.
Ideal for: Growth-stage founders raising big rounds — Series C and beyond.
| Category | Details |
|---|---|
| No. of Investments | 30+ in India. 470+ globally. |
| Industries | Consumer tech, fintech, mobility, logistics, AI. |
| Social | — linkedin.com/company/softbank-investment-advisers | X — x.com/SoftBank_Group_ | Web — visionfund.com |
| Portfolio | Paytm, OYO, Ola, Lenskart, FirstCry, Meesho, PolicyBazaar, Delhivery, Swiggy. |
12. Tiger Global
About: New York-based hedge fund and growth investor started by Chase Coleman in 2001. Has been one of the most active foreign investors in Indian startups for over 15 years. Known for fast term sheets — sometimes a ‘yes’ in under a week. Slowed down sharply in 2022-23 during the funding winter, but is back to active deals in 2025-26. Manages over $90 billion globally.
Ideal for: Growth-stage founders in SaaS and consumer tech who can raise $30 million or more.
| Category | Details |
|---|---|
| No. of Investments | 100+ in India. 900+ globally. |
| Industries | SaaS, consumer tech, fintech, e-commerce, AI. |
| Social | — linkedin.com/company/tiger-global-management | X — x.com/TigerGlobalMgmt | Web — tigerglobal.com |
| Portfolio | Flipkart, Razorpay, Groww, Apna, Khatabook, Plum, CRED, Urban Company, Zomato. |
13. General Catalyst
About: US-based global VC firm started in 2000 in Cambridge, Massachusetts. Has been building its India presence over the last three years. Recently merged with Indian firm Venture Highway to set up a stronger local team. Active in AI, healthcare, and defence tech. Also a major backer of Lenskart over multiple rounds.
Ideal for: Seed to growth-stage founders in AI, fintech, and healthcare.
| Category | Details |
|---|---|
| No. of Investments | 700+ globally. 30+ in India. |
| Industries | AI, fintech, healthcare, consumer, defence tech. |
| Social | — linkedin.com/company/general-catalyst | X — x.com/GeneralCatalyst | Web — generalcatalyst.com |
| Portfolio | Lenskart, GrowthSchool, Atomicwork, Coda Payments, Stripe (global), Snap (global). |
14. Insight Partners
About: New York-based software-focused investor started in 1995 by Jeff Horing. Goes deep in SaaS and enterprise software at the growth stage. Known for its ‘Onsite’ platform that helps portfolio firms with hiring, go-to-market, and pricing. India bets are usually $25 million and above. Manages over $80 billion globally.
Ideal for: Series B and later founders in SaaS, cybersecurity, and enterprise software.
| Category | Details |
|---|---|
| No. of Investments | 800+ globally. 25+ in India |
| Industries | SaaS, enterprise software, cybersecurity, data, AI. |
| Social | — linkedin.com/company/insight-partners | X — x.com/insightpartners | Web — insightpartners.com |
| Portfolio | Postman, Recurly, BrowserStack, MoEngage, Mindtickle, Wingify. |
15. WestBridge Capital
About: India-focused private investment firm started in 2000 by Sumir Chadha, KP Balaraj, Sandeep Singhal, and Raj Dugar. Likes to hold its bets for 10 years or more — a longer horizon than most VC firms. Invests in both listed and unlisted firms. Based in Bengaluru and Mauritius. Manages over $7 billion.
Ideal for: Growth-stage founders in financial services, healthcare, and consumer.
| Category | Details |
|---|---|
| No. of Investments | 60+ companies. |
| Industries | Financial services, healthcare, consumer brands, IT services, tech. |
| Social | — linkedin.com/company/westbridge-capital | Web — westbridgecap.com |
| Portfolio | AU Small Finance Bank, Dr Lal PathLabs, FirstCry, Mensa Brands, Star Health Insurance, RBL Bank. |
Section 2: Early-stage and seed-stage funds
16. Blume Ventures
About: Started in 2010 by Karthik Reddy and Sanjay Nath. Based in Mumbai with offices in Bengaluru and Delhi. Closed Fund V at $175 million initial close in late 2025; final close expected at $250–275 million. Manages over $800 million across five core funds and related vehicles. One of the most active first-cheque investors in India for the last 15 years.
Ideal for: Pre-seed and seed founders in tech, deep tech, and consumer.
| Category | Details |
|---|---|
| No. of Investments | 334+ companies (Tracxn, April 2026). |
| Industries | Consumer, fintech, deep tech, healthtech, SaaS, climate. |
| Social | — linkedin.com/company/blume-ventures | X — x.com/BlumeVentures | Web — blume.vc |
| Portfolio | Battery Smart, Cashify, Classplus, Pixxel, Purplle, Servify, Slice, Spinny, Turtlemint, Ultrahuman, Unacademy. |
17. Stellaris Venture Partners
About: Started in 2017 by Alok Goyal, Rahul Chowdhri, and Ritesh Banglani. Based in Bengaluru. Closed Fund III at $300 million in November 2024 — with $100–150 million set aside for AI bets. Known as an “operator-led” fund that backs founders with deep domain knowledge.
Ideal for: Seed to Series A founders in vertical SaaS, consumer brands, and AI.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies. |
| Industries | SaaS, consumer brands, AI, fintech, vertical software. |
| Social | — linkedin.com/company/stellaris-venture-partners | X — x.com/StellarisVP | Web — stellarisvp.com |
| Portfolio | Mamaearth, Whatfix, Propelld, LoanTap, SlicePay, Kratin. |
18. Kae Capital
About: Started in 2012 by Sasha Mirchandani, one of India’s first institutional seed investors. Based in Mumbai with a Bengaluru office. Manages three funds — Fund III closed recently. Says its founder NPS is 88%, which it values more than any other metric. Sector-agnostic but strong in early-stage tech.
Ideal for: Pre-seed to pre-Series A founders across most sectors.
| Category | Details |
|---|---|
| No. of Investments | 116+ companies (Tracxn, March 2026). 3 unicorns and 2 IPOs in portfolio. |
| Industries | Consumer tech, fintech, healthtech, gaming, manufacturing, AI. |
| Social | — linkedin.com/company/kae-capital | X — x.com/kae_capital | Web — kae-capital.com |
| Portfolio | Zetwerk, Porter, HealthKart, Tata 1mg, Myntra (exited), Foxtale, Snapmint, Traya, Fractal Analytics. |
19. India Quotient
About: Started in 2012 by Anand Lunia and Madhukar Sinha. Based in Mumbai. Backs consumer products built for smaller cities and towns — what it calls “Bharat” founders. Has been an early backer of vernacular content, regional commerce, and rural fintech.
Ideal for: Seed founders building for tier-2 and tier-3 India.
| Category | Details |
|---|---|
| No. of Investments | 100+ companies. |
| Industries | Consumer internet, vernacular content, fintech, edtech, regional commerce. |
| Social | — linkedin.com/company/india-quotient | X — x.com/IndiaQuotient | Web — indiaquotient.in |
| Portfolio | ShareChat, Pratilipi, LendingKart, Sugar Cosmetics, Roposo, Tripoto. |
20. Endiya Partners
About: Started in 2015 in Hyderabad. Led by Sateesh Andra, Abhishek Srivastava, and Ramesh Byrapaneni. Closed its third fund at around ₹600 crore. Focuses on B2B software and deep tech founders, especially those building from outside the Bengaluru-NCR circuit.
Ideal for: Seed to Series A founders in B2B SaaS and deep tech.
| Category | Details |
|---|---|
| No. of Investments | 43+ companies. 2 unicorns. |
| Industries | Enterprise software, deep tech, healthtech, semiconductors, AI. |
| Social | — linkedin.com/company/endiya-partners | X — x.com/EndiyaPartners | Web — endiya.com |
| Portfolio | Cult.fit (formerly Cure.fit), Darwinbox, SteradianSemi, Kissht, Maieutic Semiconductor. |
21. Together Fund
About: Started in 2021 by Manav Garg (founder of Eka Software), Girish Mathrubootham (founder of Freshworks), Avinash Raghava, and others. An operator-led fund — every partner has built a software company. Targets cross-border SaaS founders selling to global markets.
Ideal for: Seed and Series A founders building SaaS for global markets.
| Category | Details |
|---|---|
| No. of Investments | 30+ companies. |
| Industries | SaaS, developer tools, AI, vertical software. |
| Social | — linkedin.com/company/together-fund | X — x.com/togetherfund | Web — together.fund |
| Portfolio | Atomicwork, Spotdraft, Zluri, Rocketlane, Hyperverge. |
22. Orios Venture Partners
About: Started in 2013 by Rehan Yar Khan in Mumbai. Has been venture investing since 2008 (first as private investors). Fund IV closed in 2024. Known for its “Founders for Founders” Misfits programme. Working closely with portfolio firms on marketing and branding is a core part of its support.
Ideal for: Seed and Series A founders in consumer, fintech, and B2B tech.
| Category | Details |
|---|---|
| No. of Investments | 76+ companies (Tracxn). 3 unicorns, 3 IPOs. |
| Industries | Consumer, fintech, foodtech, healthtech, gaming, SaaS. |
| Social | — linkedin.com/company/orios-venture-partners | X — x.com/oriosvp | Web — oriosvp.com |
| Portfolio | PharmEasy, Country Delight, Zupee, Battery Smart, Ixigo, MobiKwik, CarDekho, GoMechanic. |
23. 3one4 Capital
About: Started in 2016 by Pranav Pai and Siddarth Pai (sons of Infosys’s Mohandas Pai). Based in Bengaluru. Has grown from a seed fund to also managing growth capital. Known for being data-driven and the first Indian VC to prioritise ESG. Backed largely by Indian family offices — part of the new “Indicorn” trend.
Ideal for: Seed to Series B founders across SaaS, fintech, and consumer.
| Category | Details |
|---|---|
| No. of Investments | 134+ companies (Tracxn, February 2026). |
| Industries | SaaS, B2B automation, fintech, consumer internet, digital health, climate tech. |
| Social | — linkedin.com/company/3one4-capital | X — x.com/3one4capital | Web — 3one4.in |
| Portfolio | Licious, Open, Yulu, Tracxn, Indifi, DarwinBox, Kissht, Faircent. |
24. Prime Venture Partners
About: Started in 2011 by Sanjay Swamy, Amit Somani, and Shripati Acharya in Bengaluru. Has raised four funds. Known for being highly focused — only does 4 to 6 deals a year. Goes deep with each portfolio firm rather than building a large book.
Ideal for: Seed to Series A founders in fintech and B2B software.
| Category | Details |
|---|---|
| No. of Investments | 68+ companies (Tracxn). |
| Industries | Fintech, B2B SaaS, healthtech, enterprise software. |
| Social | — linkedin.com/company/prime-venture-partners | X — x.com/PrimeVP | Web — primevp.in |
| Portfolio | Ezetap (exited), Tracxn, Recko (exited to Stripe), MyGate, Mfine, Niyo, NowFloats. |
25. Lightbox
About: Started in 2014 by Sandeep Murthy, Sid Talwar, and Prashant Mehta. Based in Mumbai. Spun out of Sherpalo Ventures, which was Ram Shriram’s India fund. Likes high-conviction bets — does 8 to 10 deals per fund cycle, with cheques ranging from $1 million to $15 million.
Ideal for: Series A and Series B founders in consumer tech and digital health.
| Category | Details |
|---|---|
| No. of Investments | 30+ companies. |
| Industries | Consumer tech, digital health, fintech, media, edtech. |
| Social | — linkedin.com/company/lightbox-ventures | X — x.com/Lightboxvc | Web — lightbox.vc |
| Portfolio | Furlenco, Embibe, Greenlight Planet, Rebel Foods, NoBroker, Droom. |
26. Beenext
About: Japan-India seed firm started in 2015 by Teruhide Sato, an ex-founder from Japan. Has offices in Singapore, Tokyo, and India. Focuses on early-stage tech founders across South Asia and Southeast Asia.
Ideal for: Pre-seed and seed founders in consumer and B2B tech.
| Category | Details |
|---|---|
| No. of Investments | 200+ companies globally. 70+ in India. |
| Industries | Consumer internet, fintech, B2B SaaS, marketplaces, AI. |
| Social | — linkedin.com/company/beenext | X — x.com/BEENEXT_Asia | Web — beenext.com |
| Portfolio | Khatabook, Stanza Living, Goodera, Magicpin, Nykaa (early), Curefit, Razorpay (early). |
27. Saama Capital
About: Started in 2006 by Ash Lilani and Suresh Shanmugham — both ex-Silicon Valley Bank. Based in Bengaluru. Has a strong focus on consumer brands and fintech. Manages multiple funds with around $200 million AUM.
Ideal for: Seed and Series A founders in consumer brands and fintech.
| Category | Details |
|---|---|
| No. of Investments | 60+ companies. |
| Industries | Consumer brands, fintech, food, beauty, healthcare. |
| Social | — linkedin.com/company/saama-capital | Web — saamacapital.com |
| Portfolio | Paper Boat, Sula Vineyards, Veeba, Chumbak, Snapdeal, Capital Float. |
28. Venture Highway
About: Started in 2015 by Neeraj Arora (former WhatsApp business chief) and Samir Sood. Based in Bengaluru and the Bay Area. Merged with General Catalyst in 2024 to set up a full-stack India platform combining local seed expertise with global growth capital.
Ideal for: Seed and Series A founders in tech and consumer.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies. |
| Industries | Consumer internet, fintech, SaaS, marketplaces. |
| Social | — linkedin.com/company/venture-highway | Web — venturehighway.vc |
| Portfolio | Meesho, Khatabook, Moglix, ApnaKlub, Innovaccer, Yulu. |
29. 100X.VC
About: Started in 2019 by Sanjay Mehta. Mumbai-based. First Indian VC to use the iSAFE note — a simple, founder-friendly legal structure for seed deals. Runs three to four batches a year, picking 12-15 startups in each. Has backed over 200 startups in five years.
Ideal for: First-time founders raising their first institutional cheque.
| Category | Details |
|---|---|
| No. of Investments | 200+ companies. |
| Industries | Sector-agnostic — fintech, SaaS, consumer, deep tech. |
| Social | — linkedin.com/company/100xvc | X — x.com/100xVC | Web — 100x.vc |
| Portfolio | Bambrew, Solethreads, Skillmatics, Boba Bhai, Aurelia Pet Care, Sleepyhead. |
30. Titan Capital
About: Started in 2011 by Kunal Bahl and Rohit Bansal (co-founders of Snapdeal). Based in Delhi. One of India’s most prolific seed investors — has written over 250 first cheques. Operator-led: both partners have built and scaled a unicorn themselves.
Ideal for: Pre-seed and seed founders across all tech sectors.
| Category | Details |
|---|---|
| No. of Investments | 250+ companies. |
| Industries | Consumer tech, fintech, SaaS, D2C, healthtech. |
| Social | - linkedin.com/company/titan-capital | X — x.com/Titan_Capital | Web — titancapital.vc |
| Portfolio | Ola, Razorpay, Urban Company, Mamaearth, OfBusiness, Shadowfax, Unicommerce. |
31. AngelList India
About: Indian arm of the global AngelList platform. Run by Utsav Somani since 2018. Lets accredited investors create syndicates and back startups together. Has facilitated cheques to 600+ Indian startups. Indian arm operates as AngelList India, separate from US operations.
Ideal for: First-time founders looking for syndicated angel cheques.
| Category | Details |
|---|---|
| No. of Investments | 600+ companies (via syndicates). |
| Industries | Sector-agnostic. |
| Social | — linkedin.com/company/angellist | X — x.com/AngelList | Web — angellist.com |
| Portfolio | Cred, Slice, Apna, Khatabook, Mensa Brands, BharatPe. |
32. Indian Angel Network (IAN)
About: Started in 2006 by Padmaja Ruparel, Saurabh Srivastava, and other angel investors. The largest angel network in India and one of the largest in Asia. Has over 800 angel members across 11 countries. Also runs the IAN Fund, which writes follow-on cheques.
Ideal for: Pre-seed and seed founders looking for both money and mentorship.
| Category | Details |
|---|---|
| No. of Investments | 200+ companies through the network and IAN Fund. |
| Industries | Consumer, fintech, healthtech, agritech, SaaS. |
| Social | — linkedin.com/company/indian-angel-network | X — x.com/IndianAngelNet | Web — indianangelnetwork.com |
| Portfolio | WebEngage, Druva (early), Box8, Faasos, Wow Momo, LogiNext. |
33. Mumbai Angels (Mumbai Angels Innovations)
About: Started in 2006 by Sasha Mirchandani and Prashant Choksey. Has grown into a national platform with 600+ angel members across India. Has done over 200 deals across India. Now runs as Mumbai Angels Innovations, with both an angel network and a fund.
Ideal for: Seed-stage founders looking for a syndicate of experienced angels.
| Category | Details |
|---|---|
| No. of Investments | 200+ companies. |
| Industries | Consumer, fintech, SaaS, healthtech, edtech. |
| Social | — linkedin.com/company/mumbai-angels | X — x.com/MumbaiAngels | Web — mumbaiangels.com |
| Portfolio | InMobi, Myntra (early), Druva, Purplle, BharatPe, Healthkart. |
34. Axilor Ventures
About: Started in 2014 by Infosys co-founders Kris Gopalakrishnan and S.D. Shibulal, along with Tarun Khanna (Harvard) and S Sadagopan. Based in Bengaluru. Runs both an accelerator and a seed fund. Has helped over 200 founders through its programmes. Strong focus on deep tech and SaaS.
Ideal for: Pre-seed founders, especially in deep tech and SaaS.
| Category | Details |
|---|---|
| No. of Investments | 100+ companies. |
| Industries | Deep tech, SaaS, healthtech, AI, sustainability. |
| Social | — linkedin.com/company/axilor-ventures | X — x.com/AxilorVentures | Web — axilor.com |
| Portfolio | Tessolve, Healthifyme (early), Vyome Therapeutics, Active.ai, Detect Technologies. |
35. Better Capital
About: Started in 2018 by Vaibhav Domkundwar as a solo GP. Based in Bengaluru and the Bay Area. One of India’s most active early-stage investors — Vaibhav writes 25-30 cheques a year on his own. Has built a track record of being the first institutional cheque for many strong founders.
Ideal for: Pre-seed founders raising their first $250K to $500K.
| Category | Details |
|---|---|
| No. of Investments | 130+ companies. |
| Industries | SaaS, fintech, consumer, AI, deep tech. |
| Social | — linkedin.com/company/better-capital | X — x.com/BetterCapital_ | Web — bettercapital.vc |
| Portfolio | Open, Khatabook, Teachmint, Jar, Kuku FM, Glance, BharatPe (early). |
Section 3: Sector specialists
36. Speciale Invest
About: Started in 2017 by Arjun Rao and Vishesh Rajaram in Bengaluru. India’s premier deep-tech fund — comfortable with high technical risk in space, robotics, semiconductors, and green hydrogen. Closed its third fund at ₹600 crore in 2024, with a ₹200 crore growth fund to follow on with later cheques. Was the first cheque in Agnikul Cosmos.
Ideal for: Seed-stage founders building hard science and frontier tech.
| Category | Details |
|---|---|
| No. of Investments | 30+ companies. |
| Industries | Deep tech, space, defence, robotics, semiconductors, energy. |
| Key People | Vishesh Rajaram (Managing Partner), Arjun Rao (Managing Partner), Rajan Raghavan (Co-founder). |
| Social | — linkedin.com/company/specialeinvest | X — x.com/specialeinvest | Web — specialeinvest.com |
| Portfolio | Agnikul Cosmos, Astrogate Labs, Bellatrix Aerospace, Scapic, Fego.ai, GalaxEye Space, Astrome. |
37. Omnivore
About: Started in 2010 by Mark Kahn and Jinesh Shah. Mumbai-based. The first agritech-focused VC in India and one of the oldest in the world. Manages seven funds, including the Agritech & Climate Sustainability Fund. Has pioneered agritech investing in India since 2011.
Ideal for: Seed to Series A founders in farming, food, and rural tech.
| Category | Details |
|---|---|
| No. of Investments | 57+ companies (Tracxn). 112 across funds (CB Insights). |
| Industries | Agritech, food, climate, rural commerce, supply chain. |
| Key People | Mark Kahn (Managing Partner), Jinesh Shah (Managing Partner), Reihem Roy (Partner), Subhadeep Sanyal (Partner). |
| Social | — linkedin.com/company/omnivore-partners | X — x.com/OmnivoreVC | Web — omnivore.vc |
| Portfolio | Ecozen, Sid's Farm, Varaha, Stellapps, Eruvaka Technologies, Loopworm, TractorJunction. |
38. Ankur Capital
About: Started in 2014 by Rema Subramanian and Ritu Verma in Mumbai. Invests in deep science and digital tech for under-served markets — what they call “overlooked opportunities”. Strong focus on climate, agritech, and healthtech. One of the few women-led VC firms in India.
Ideal for: Seed and Series A founders in deep science and impact-led tech.
| Category | Details |
|---|---|
| No. of Investments | 37+ companies. |
| Industries | Agritech, healthtech, climate, fintech, deep science. |
| Key People | Rema Subramanian (Co-founder, Managing Partner), Ritu Verma (Co-founder, Managing Partner), Shiva Shanker (Partner), Vishal (Partner). |
| Social | — linkedin.com/company/ankur-capital | X — x.com/AnkurCapital | Web — ankurcapital.com |
| Portfolio | Captain Fresh, Saswat Finance, Offgrid Energy Labs, String Bio, ZestMoney (early), Niramai. |
39. HealthQuad
About: Started in 2016 by Ajay Mahipal and Dr. Amit Varma. Based in Gurugram. India’s only healthcare-focused VC fund. Manages two funds with focus on early growth-stage healthcare. Closed Fund II at ₹650 crore. Backed by Quadria Capital — one of Asia’s largest healthcare-focused PE firms.
Ideal for: Series A and B founders building in healthcare delivery, medtech, and pharma services.
| Category | Details |
|---|---|
| No. of Investments | 20+ companies. |
| Industries | Hospitals, medtech, diagnostics, digital health, pharma services. |
| Key People | Ajay Mahipal (Managing Partner), Dr. Amit Varma (Co-founder, Managing Partner — also Founder of Quadria Capital). |
| Social | — linkedin.com/company/healthquad | Web — healthquad.in |
| Portfolio | Wellthy Therapeutics, ConnectAndHeal, Medikabazaar, Strand Life Sciences, Asia Healthcare Holdings. |
40. pi Ventures
About: Started in 2016 by Manish Singhal and Umakant Soni. Based in Bengaluru. One of India’s earliest AI-focused funds — backs founders using machine learning, AI, and IoT. Has built a strong reputation in deep tech AI. Targets 20-25 new bets in the next 2-3 years.
Ideal for: Seed to Series A founders in applied AI, deep tech, and IoT.
| Category | Details |
|---|---|
| No. of Investments | 30+ companies. |
| Industries | AI, machine learning, IoT, robotics, healthtech. |
| Key People | Manish Singhal (Founding Partner), Umakant Soni (Founding Partner). |
| Social | — linkedin.com/company/pi-ventures | X — x.com/piventures | Web — piventures.in |
| Portfolio | Agnikul Cosmos, Locus, Niramai, SigTuple, Wysa, Pixxel, Myelin Foundry. |
41. Yali Capital
About: Started in 2024 by Ganapathy Subramaniam (former CEO of Cosmic Circuits) and Mathew Cyriac (executive chairman of Florintree). Based in Bengaluru. India’s first dedicated semiconductor and frontier hardware VC. Targets a ₹810 crore (~$100M) fund. Comes at a time when India is pushing hard on semiconductor self-reliance.
Ideal for: Seed to Series A founders building chips, hardware, and electronics.
| Category | Details |
|---|---|
| No. of Investments | 5+ companies (early days). |
| Industries | Semiconductors, electronics, hardware, frontier tech. |
| Key People | Ganapathy Subramaniam (Co-founder, Managing Partner), Mathew Cyriac (Co-founder). |
| Social | — linkedin.com/company/yali-capital | Web — yalicap.com |
| Portfolio | Early-stage semiconductor and hardware startups (portfolio being built). |
42. Green Frontier Capital
About: Started in 2020 by Sandiip Bhammer. Based in New Delhi and New York. India’s first VC firm focused only on green and clean industries. Has been backing solar, EV, battery, and circular economy startups from before “climate tech” became a popular category. Cross-border focus between India and the US.
Ideal for: Seed and Series A founders in clean energy, EVs, and circular economy.
| Category | Details |
|---|---|
| No. of Investments | 25+ companies |
| Industries | Clean energy, electric mobility, battery tech, circular economy, water. |
| Key People | Sandiip Bhammer (Founder, Managing Partner). |
| Social | — linkedin.com/company/greenfrontiercapital | Web — greenfrontiercapital.com |
| Portfolio | Battery Smart, Euler Motors, Cellpropulsion, EVage, Krimanshi, Phool. |
43. Avaana Capital
About: Started in 2018 by Anjali Bansal (former chairperson of Dena Bank). Based in Mumbai. Manages the Avaana Climate and Sustainability Fund — India’s first and largest early-stage climate-tech VC. Manages over $100 million. Has filed 68 patents and created over 28,000 jobs through its portfolio.
Ideal for: Seed to Series A founders in climate, sustainability, and energy transition.
| Category | Details |
|---|---|
| No. of Investments | 45+ companies. |
| Industries | Energy transition, mobility, supply chains, climate-resilient food, advanced materials. |
| Key People | Anjali Bansal (Founding Partner), Swapna Gupta (Partner), Sandeep Singhal (Partner), Shruti Srivastava. |
| Social | — linkedin.com/company/avaana-capital | Web — avaanacapital.com |
| Portfolio | Urban Company (early), Nykaa (early), Delhivery (early), Tsuyo Manufacturing, Wastelink, BacAlt Biosciences, Aerem. |
44. Inflexor Ventures
About: Started in 2019 (built on earlier vehicles since 2007) by Pratip Mazumdar, Jatin Desai, and Vasudev Bhandarkar. Offices in Mumbai, Bengaluru, and Hyderabad. Focused on tech IP-driven startups — deep tech, healthtech, fintech, clean tech. Closed Fund III with target of $150 million.
Ideal for: Seed to Series A founders with technology IP and patents.
| Category | Details |
|---|---|
| No. of Investments | 28+ companies. |
| Industries | Deep tech, health tech, fintech, clean tech, semiconductors, agri-tech. |
| Key People | Pratip Mazumdar (Partner), Jatin Desai (Partner), Vasudev Bhandarkar (Partner), Harsha Mundhada. |
| Social | — linkedin.com/company/inflexor-ventures | X — x.com/Inflexor_VC | Web — inflexor.vc |
| Portfolio | Bellatrix Aerospace, Atomberg, CloudSEK, Morphle Labs, SteradianSemi, Bioprime. |
45. Bharat Innovation Fund (BIF)
About: Started in 2018 at IIM Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE). Backed by names like Tata Trusts, ICICI Bank, and Patni Family Office. One of India’s earliest dedicated deep-tech pre-Series A funds. Co-founded by Shyam Menon, a veteran of climate-tech investing.
Ideal for: Pre-Series A founders in deep tech, fintech, and IP-led businesses.
| Category | Details |
|---|---|
| No. of Investments | 20+ companies. |
| Industries | Deep tech, fintech, edtech, consumer, IP-led businesses. |
| Key People | Shyam Menon (Co-founder, Partner), Kunal Upadhyay (Co-founder), Ashwin Raguraman (Co-founder). |
| Social | — linkedin.com/company/bharatfund | Web — bharat.fund |
| Portfolio | Stellapps, FlexiLoans, BlackBuck (early), Detect Technologies, Locus. |
46. Artha Venture Fund
About: Started in 2018 by Anirudh A Damani. Based in Mumbai. Part of the Artha Group, which also runs Artha Select Fund and Artha Continuum Fund. Manages over ₹2,100 crore AUM across 130+ portfolio companies. Hands-on, founder-friendly approach. Has been investing since 2013.
Ideal for: Seed-plus to Series A founders in consumer, fintech, and space tech.
| Category | Details |
|---|---|
| No. of Investments | 130+ companies across the Artha Group. |
| Industries | B2B SaaS, consumer consumption, space tech, fintech, climate. |
| Key People | Anirudh A Damani (Managing Partner), Gauri Kuchhal (Partner), Vatsal Kanakiya. |
| Social | — linkedin.com/company/arthaventurefund | X — x.com/ArthaVenture | Web — artha.vc |
| Portfolio | Agnikul Cosmos, LenDenClub, Coutloot, BabyChakra, Beardo, Karza Technologies, OYE! Rickshaw. |
47. Fireside Ventures
About: Started in 2017 by Kanwaljit Singh — a veteran consumer brand builder (ex-Helion Ventures, ex-Pepsi). Based in Bengaluru. India’s first dedicated D2C consumer brands fund. Provides in-house resources along with a partner and advisor network. Has been the first cheque for many of India’s most popular new-age consumer brands.
Ideal for: Seed and Series A founders building D2C brands in food, beauty, lifestyle, kids.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies. |
| Industries | Food and beverages, personal care, kids and education, lifestyle, home products. |
| Key People | Kanwaljit Singh (Founder, Managing Partner), Vinay Singh (Partner), Dipanjan Basu (Partner), Kannan Sitaram (Venture Partner). |
| Social | — linkedin.com/company/firesideventures | X — x.com/firesidevc | Web — firesideventures.com |
| Portfolio | boAt, Mamaearth, Yoga Bar, Slurrp Farm, Pilgrim, Vahdam India, Traya, The Baker's Dozen, Newme, 91 Cycles. |
48. DSG Consumer Partners
About: Started in 2012 by Deepak Shahdadpuri. Based in Singapore and Mumbai. One of the earliest consumer-only investors in South Asia. Has done over 50 deals in 12+ years with a strong focus on regional Indian consumer brands. Known for high conviction and small portfolio sizes.
Ideal for: Seed and Series A founders in regional consumer brands.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies across India and Southeast Asia. |
| Industries | Food, beverages, personal care, lifestyle, consumer brands. |
| Key People | Deepak Shahdadpuri (Founder, Managing Director), Hariharan Premkumar (Partner). |
| Social | — linkedin.com/company/dsg-consumer-partners | Web — dsgcp.com |
| Portfolio | Sula Vineyards (exited via IPO), Veeba, Raw Pressery, OYO (early), Zouk, Saffola (early), Mast & Harbour. |
49. Sauce.vc
About: Started in 2019 by Manu Chandra (founder of Olive Group). Bengaluru-based. Focused only on D2C and consumer brands. Brings unique operator angle — Manu has actually built and exited consumer brands himself. Often the first institutional cheque in fast-growing D2C names.
Ideal for: Seed and Series A founders building consumer brands.
| Category | Details |
|---|---|
| No. of Investments | 25+ companies. |
| Industries | Food, beverages, beauty, personal care, fashion, lifestyle. |
| Key People | Manu Chandra (Founding Partner), Roopa Kudva (Operating Partner). |
| Social | — linkedin.com/company/saucevc | Web — sauce.vc |
| Portfolio | Blue Tokai Coffee, Wakefit (early), Subko Coffee, Snitch, The Whole Truth Foods, Naturali. |
50. Sixth Sense Ventures
About: Started in 2014 by Nikhil Vora — former Managing Director of IDFC Securities and one of India’s most respected consumer analysts. Based in Mumbai. India’s first domestic consumer-centric VC fund. Has raised four funds. Known for deep analytical research and high-conviction bets.
Ideal for: Series A and B founders in consumer brands and consumer tech.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies. |
| Industries | Consumer brands, F&B, beauty, retail, consumer tech. |
| Key People | Nikhil Vora (Founder, Managing Director), Bharat Bhise. |
| Social | — linkedin.com/company/sixth-sense-ventures-llp | Web — sixthsenseventures.com |
| Portfolio | GoColors, Beardo, Sleepyhead, Ixigo (early), Wow Skin Science, Purplle, Vinculum. |
51. RPSG Capital Ventures
About: Venture arm of the RP-Sanjiv Goenka Group, one of India’s largest business conglomerates (₹40,000+ crore revenue). Started in 2020. Based in Kolkata and Mumbai. Strategic investor — also brings the group’s distribution, retail, and infrastructure muscle.
Ideal for: Series A and B founders in consumer, food, retail, and tech.
| Category | Details |
|---|---|
| No. of Investments | 25+ companies. |
| Industries | Consumer brands, food, beverages, retail, D2C, fintech. |
| Key People | Abhishek Goenka (Managing Partner), Hemang Mehta. |
| Social | — linkedin.com/company/rpsg-capital-ventures | Web — rpsgventures.com |
| Portfolio | Naturals Ice Cream, Too Yumm, Frostbite, Sleepy Owl, Wishlink, Wholsum Foods. |
52. IvyCap Ventures
About: Started in 2011 by Vikram Gupta. Based in Mumbai. The first VC in India to use an “alumni trust” model — anchored by IIT and IIM alumni networks. Sector-agnostic but with strong deep tech, healthtech, and edtech presence. Has raised three funds with total commitments over ₹2,000 crore.
Ideal for: Seed to Series B founders, especially those from IIT/IIM networks.
| Category | Details |
|---|---|
| No. of Investments | 75+ companies. |
| Industries | Deep tech, consumer tech, healthtech, fintech, edtech, SaaS, enterprise tech. |
| Key People | Vikram Gupta (Founder, Managing Partner), Ashish Wadhwani (Co-founder, Managing Partner), Hari Balasubramanian (Advisor). |
| Social | — linkedin.com/company/ivycap-ventures-private-limited | X — x.com/IvyCap_Ventures | Web — ivycapventures.com |
| Portfolio | Purplle, Bluestone, Clovia, Sahaj Solar, Aye Finance, NoBroker (early), Pharmeasy (early). |
53. Aavishkaar Capital
About: Started in 2001 by Vineet Rai. One of India’s first impact-investing platforms — predates “ESG” as a buzzword. Part of the larger Aavishkaar Group, which also runs Arohan Financial Services. Backs sustainable businesses in low and middle income markets. Has raised multiple funds across India and emerging markets.
Ideal for: Series A and growth-stage founders with measurable social or environmental impact.
| Category | Details |
|---|---|
| No. of Investments | 80+ companies. |
| Industries | Financial inclusion, agritech, healthcare, education, livelihoods, climate. |
| Key People | Vineet Rai (Founder, Chairman), Tarun Mehta (CEO), Sowmya Suryanarayanan (Managing Director). |
| Social | — linkedin.com/company/aavishkaar-capital | Web — aavishkaargroup.com |
| Portfolio | Milk Mantra (exited), Utkarsh Small Finance Bank, Equitas, Suryoday, Vortex Engineering. |
54. Transition VC
About: Started in 2022. Based in Gurugram and Bengaluru. One of India’s newer climate-tech-focused VCs. Backs founders working on energy transition, climate adaptation, and circular economy. Fund size around ₹400 crore.
Ideal for: Seed to Series A founders in energy transition and climate tech.
| Category | Details |
|---|---|
| No. of Investments | 15+ companies. |
| Industries | Energy transition, EV infrastructure, decarbonisation, sustainability. |
| Key People | Mohammed Shoeb Ali (Founding Partner), Rajeev Suri (Partner). |
| Social | — linkedin.com/company/transition-vc | Web — transition.vc |
| Portfolio | EV and clean energy startups (portfolio still being built publicly). |
55. Anicut Capital
About: Started in 2015 by IAS Balamurugan and Ashvin Chadha. Based in Chennai. Started as a venture debt fund but now does both debt and equity. Manages over ₹2,500 crore across four funds. Known for being founder-friendly and quick with decisions.
Ideal for: Seed to Series B founders looking for equity or debt cheques.
| Category | Details |
|---|---|
| No. of Investments | 60+ companies. |
| Industries | Consumer brands, fintech, SaaS, D2C, healthcare. |
| Key People | IAS Balamurugan (Co-founder, Partner), Ashvin Chadha (Co-founder, Partner). |
| Social | — linkedin.com/company/anicut-capital | Web — anicutcapital.com |
| Portfolio | Wow! Momo, Bira 91, Sleepy Owl, Neeman's, Mokobara, Rage Coffee, BlueStone. |
Section 4: Growth-stage and private equity firms
56. Warburg Pincus
About: Started in 1966 in New York. One of the oldest global PE firms in the world. Entered India in 1998 and set up its Mumbai office in 2001. Celebrating 30 years in India in 2026. Has deployed over $10 billion across 80+ Indian investments. India is now its second-largest market globally. Famous for its 6.6x return on Bharti Airtel.
Ideal for: Growth and pre-IPO founders, plus family-owned businesses going through succession.
| Category | Details |
|---|---|
| No. of Investments | 80+ in India over 30 years. |
| Industries | Financial services, healthcare, consumer, industrials, business services, hospitality. |
| Key People | Vishal Mahadevia (Head of Asia PE, Co-Head Global Financial Services), Narendra Ostawal (Head of India PE), Chip Kaye (Chairman), Jeffrey Perlman (Global CEO). |
| Social | — linkedin.com/company/warburg-pincus | Web — warburgpincus.com |
| Portfolio | HDFC (early exit), Bharti Airtel (exited 6.6x), Kotak Mahindra Bank, Kalyan Jewellers, IDFC FIRST Bank, CAMS, Lemon Tree Hotels, Haier India, Meril Life Sciences, Avanse Financial Services. |
57. KKR India
About: Entered India in 2006 and set up its Mumbai office in 2009. Has deployed over $5.8 billion in private equity and $10 billion across other assets including infrastructure and credit. One of the most active large-cheque investors in India. Gaurav Trehan moved from TPG to KKR in 2020 and now runs both KKR India and KKR Asia Pacific PE.
Ideal for: Growth-stage and buyout candidates in healthcare, financial services, and consumer.
| Category | Details |
|---|---|
| No. of Investments | 30+ PE deals in India. |
| Industries | Healthcare, financial services, infrastructure, consumer, real estate. |
| Key People | Gaurav Trehan (CEO KKR India, Head of Asia Pacific PE), Sanjay Nayar (Chairman, former CEO), Henry Kravis (Co-founder). |
| Social | — linkedin.com/company/kkr | X — x.com/KKR_Co | Web — kkr.com |
| Portfolio | Max Healthcare, Radiant LifeCare, Avendus Capital, Max Financial Services, Lenskart, JBS Group, Ramky Enviro Engineers, Sterlite Power. |
58. Blackstone India
About: Started India operations in 2005. Now the largest PE investor in India by assets under management. Active across PE, real estate, credit, and infrastructure. Owns major Indian real estate platforms like Embassy and Mindspace REITs. Amit Dixit, who joined in 2007, runs Asia Private Equity.
Ideal for: Large buyouts, real estate platforms, and growth-stage tech-enabled businesses.
| Category | Details |
|---|---|
| No. of Investments | 40+ in India across asset classes. |
| Industries | Real estate, financial services, healthcare, technology services, consumer. |
| Key People | Amit Dixit (Head of Asia PE), Mukesh Mehta (Senior Managing Director), Stephen Schwarzman (Chairman, CEO, Co-founder, global). |
| Social | — linkedin.com/company/blackstonegroup | X — x.com/blackstone | Web — blackstone.com |
| Portfolio | Mphasis, Aadhar Housing Finance, Sona Comstar, Embassy REIT, Mindspace REIT, Aakash Educational Services, International Gemmological Institute (IGI), R Systems. |
59. TPG Capital
About: Global PE firm started in 1992 by David Bonderman and Jim Coulter in Fort Worth, Texas. India operations started in 2003. Manages over $250 billion globally. TPG NewQuest, TPG Growth, and TPG Rise (its impact fund) are all active in India. Has been one of the most consistent foreign growth investors here.
Ideal for: Growth and pre-IPO founders, plus mid-market buyouts.
| Category | Details |
|---|---|
| No. of Investments | 50+ in India. |
| Industries | Healthcare, consumer, financial services, technology, impact/climate. |
| Key People | Puneet Bhatia (Country Head & Managing Director, India), Akshay Tanna (Partner, India), Vish Ramaswami (Partner, Asia). |
| Social | — linkedin.com/company/tpg-capital | X — x.com/TPG | Web — tpg.com |
| Portfolio | Manipal Hospitals, Bharti Airtel (early), Ola (partial exit), Lenskart, Five-Star Business Finance, Sai Life Sciences, Asianet Satellite. |
60. ChrysCapital
About: Started in 1999 by Ashish Dhawan and Raj Kondur — one of the first home-grown Indian PE firms. Based in Mumbai. Now led by Kunal Shroff after Ashish Dhawan exited to start Ashoka University and Central Square Foundation. Manages over $5 billion across nine funds. Strong track record of public market exits.
Ideal for: Mid-market growth and pre-IPO founders in financial services, healthcare, and consumer.
| Category | Details |
|---|---|
| No. of Investments | 90+ companies over 25 years. |
| Industries | Financial services, healthcare, consumer, IT services, business services. |
| Key People | Kunal Shroff (Managing Partner), Sanjay Kukreja (Managing Partner), Ashley Menezes (Managing Partner). |
| Social | — linkedin.com/company/chryscapital | Web — chryscapital.com |
| Portfolio | Mankind Pharma, Lenskart, Intas Pharmaceuticals, Eris Lifesciences, GeBBS Healthcare, AGS Health, HDFC Life (early), Client. |
61. True North (formerly India Value Fund)
About: Started in 1999 by Vishal Nevatia (originally as India Value Fund). Rebranded to True North in 2017. One of India’s oldest home-grown mid-market PE firms. Manages over $2 billion. Operationally hands-on — likes to take controlling stakes and work closely with portfolio firms.
Ideal for: Mid-market growth-stage founders, especially in family-owned businesses.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies. |
| Industries | Healthcare, financial services, consumer, business services, food. |
| Key People | Vishal Nevatia (Founder, Managing Partner), Maneesh Bhandari (Managing Partner), Divya Sehgal (Managing Partner). |
| Social | — linkedin.com/company/true-north | Web — true-north.co.in |
| Portfolio | Home First Finance, Wonderchef, Glenmark Life Sciences, Niva Bupa, MagicBricks (exited), Trivitron Healthcare, Cloudnine Hospitals. |
62. Multiples Alternate Asset Management
About: Started in 2009 by Renuka Ramnath — the former CEO of ICICI Venture, often called the “mother of Indian private equity”. One of the few large home-grown PE firms led by a woman. Manages over $2 billion. Strong track record with founder-led and family-owned firms.
Ideal for: Growth-stage founders and family businesses going through succession.
| Category | Details |
|---|---|
| No. of Investments | 35+ companies. |
| Industries | Fintech, logistics, pharma, clean energy, financial services, consumer. |
| Key People | Renuka Ramnath (Founder, Managing Director, CEO), Sudhir Variyar (Managing Director). |
| Social | — linkedin.com/company/multiples-alternate-asset-management | Web — multiplesequity.com |
| Portfolio | Delhivery, Acko Insurance, PVR Cinemas, Indian Energy Exchange, Vastu Housing Finance, Quantiphi, Cloudnine. |
63. Premji Invest
About: Family office of Azim Premji — Wipro’s founder and one of India’s biggest philanthropists. Manages over $10 billion. Writes large cheques at every stage but particularly active in late-stage and pre-IPO rounds. Largely funded by Premji’s personal wealth and the Azim Premji Foundation.
Ideal for: Series C and later founders raising $50 million and above.
| Category | Details |
|---|---|
| No. of Investments | 100+ companies. |
| Industries | Financial services, healthcare, consumer, technology, real estate. |
| Key People | Atul Gupta (CEO), Prakash Parthasarathy (CIO, ex), R Sridhar. |
| Social | — linkedin.com/company/premji-invest | Web — premjiinvest.com |
| Portfolio | Lenskart, Policybazaar, Star Health Insurance, Zomato (early), Flipkart (early), HDFC Life, FirstCry, Five Star Business Finance. |
64. Steadview Capital
About: Started in 2009 by Ravi Mehta. Based in Hong Kong with a strong India focus. Hedge fund that does both public and private market deals — useful for pre-IPO crossover rounds. Manages over $5 billion. Known for late-stage tech bets and continued participation after IPO.
Ideal for: Series D and pre-IPO founders, especially in tech and consumer.
| Category | Details |
|---|---|
| No. of Investments | 50+ in India. |
| Industries | Consumer internet, fintech, e-commerce, gaming, SaaS. |
| Key People | Ravi Mehta (Founder, Managing Partner), Sachin Khattar (Partner). |
| Social | — linkedin.com/company/steadview-capital | Web — steadviewcapital.com |
| Portfolio | Lenskart, Dream Sports, Urban Company, Ola, Apna, Cars24, Delhivery, ShareChat. |
65. Avendus PE (Avendus Capital)
About: Started in 1999. Began as an investment bank and now also runs PE, credit, and wealth management. Backed by KKR (~60% stake) since 2015. Multi-strategy firm — Avendus PE writes growth-equity cheques while the larger Avendus Capital does M&A advisory. Sanjay Nayar joined as Chairman after stepping down from KKR.
Ideal for: Mid-market growth-stage founders looking for ₹100-500 crore cheques.
| Category | Details |
|---|---|
| No. of Investments | 40+ companies. |
| Industries | Consumer, financial services, healthcare, technology, business services. |
| Key People | Ranu Vohra (Co-founder, MD), Gaurav Deepak (Co-founder, CEO), Kaushal Aggarwal (Co-founder, MD), Sanjay Nayar (Chairman, Avendus PE). |
| Social | — linkedin.com/company/avendus | X — x.com/Avendus | Web — avendus.com |
| Portfolio | Lenskart, ECOM Express, Manyavar (via debt), VLCC, JuicyChemistry, Healthify. |
66. Kedaara Capital
About: Started in 2011 by Manish Kejriwal (ex-Temasek), Sunish Sharma (ex-General Atlantic), and Nishant Sharma (ex-General Atlantic). Has a strategic partnership with US-based PE firm CD&R (Clayton, Dubilier & Rice). Manages over $3.5 billion. Closed Fund IV at $1.74 billion in 2024 — the biggest India-focused PE fund that year.
Ideal for: Mid-market and control-oriented deals in healthcare, financial services, and industrials.
| Category | Details |
|---|---|
| No. of Investments | 30+ companies. |
| Industries | Healthcare, financial services, industrials, education, consumer. |
| Key People | Manish Kejriwal (Co-founder, Managing Partner), Sunish Sharma (Co-founder, Managing Partner), Nishant Sharma (Co-founder, Managing Partner). |
| Social | — linkedin.com/company/kedaara-capital | Web — kedaara.com |
| Portfolio | Vedant Fashions (Manyavar), ASG Eye Hospitals, AU Small Finance Bank, Spandana Sphoorty, Lenskart, K12 Techno Services, Aavas Financiers. |
67. ICICI Venture
About: Started in 1988 as part of ICICI Group — one of India’s oldest PE firms. Mumbai-based. Manages over $4 billion across PE, real estate, infrastructure, and special situations. Was previously led by Renuka Ramnath (who later founded Multiples). Has shifted focus over the years to special situations and structured deals.
Ideal for: Mid-market growth-stage and special situations founders.
| Category | Details |
|---|---|
| No. of Investments | 100+ across funds and asset classes. |
| Industries | Financial services, infrastructure, healthcare, real estate, manufacturing. |
| Key People | Suresh Soni (CEO), Anand Vyas (Senior Partner), N. Rama Krishna (Senior Partner). |
| Social | — linkedin.com/company/icici-venture | Web — iciciventure.com |
| Portfolio | Pacific BPO, Devyani International, Star Health (early), Subros, Bharat Biotech (early), Metropolis Healthcare. |
68. Bain Capital India
About: Indian arm of Bain Capital, one of the world’s largest PE firms (started in 1984 by Mitt Romney and others). Set up its India office in 2008. Manages over $185 billion globally. Has been active in Indian buyouts and growth deals. Recently led the take-private of Manappuram Finance.
Ideal for: Large buyouts and growth-stage cheques of $100 million and above.
| Category | Details |
|---|---|
| No. of Investments | 25+ in India. |
| Industries | Financial services, healthcare, technology, industrials, consumer. |
| Key People | Pavninder Singh (Managing Director, India), Rishi Mandawat (Managing Director), Sumeet Nindrajog (Principal). |
| Social | — linkedin.com/company/bain-capital | X — x.com/baincapital | Web — baincapital.com |
| Portfolio | Axis Bank (PE stake), L&T Finance, Adani Capital, 360 ONE WAM (formerly IIFL Wealth), Manappuram Finance, Quest Global, Emcure Pharmaceuticals. |
69. Carlyle India
About: Indian arm of The Carlyle Group, a global PE firm started in 1987 in Washington DC. Manages over $440 billion globally. India operations started in 2000. Has done over 25 deals in India worth more than $4 billion. Known for backing financial services and healthcare in India.
Ideal for: Mid-market and large-cap growth and buyout deals.
| Category | Details |
|---|---|
| No. of Investments | 25+ in India. |
| Industries | Financial services, healthcare, technology services, consumer, industrials. |
| Key People | Amit Jain (Managing Director, Head of India), Neeraj Bharadwaj (Managing Director), Aniket Talati (Director). |
| Social | — linkedin.com/company/the-carlyle-group | X — x.com/OneCarlyle | Web — carlyle.com |
| Portfolio | SBI Life, Yes Bank, Repco Home Finance, Mukta Arts, Hexaware Technologies (twice), Piramal Pharma Solutions, India Infoline (IIFL). |
70. General Atlantic
About: Started in 1980 by Charles “Chuck” Feeney. Headquartered in New York. Manages over $97 billion globally. India operations started in earnest in 2012. Has been one of the largest growth investors in Indian tech, with major bets on Byju’s, Reliance Jio, and Reliance Retail. India is one of its three biggest markets globally.
Ideal for: Growth and pre-IPO founders raising $50 million and above.
| Category | Details |
|---|---|
| No. of Investments | 30+ in India. |
| Industries | Consumer internet, financial services, healthcare, technology, retail. |
| Key People | Amit Jain (Managing Director, Head of India), Neeraj Bharadwaj (Managing Director), Aniket Talati (Director). |
| Social | — linkedin.com/company/general-atlantic | X — x.com/genatlantic | Web — generalatlantic.com |
| Portfolio | Reliance Jio, Reliance Retail, Byju's (early), BillDesk, Krishna Institute of Medical Sciences (KIMS), House of Anita Dongre, IIFL Wealth, KFin Technologies, NoBroker. |
Sector:5 Angel Investors
71. Kunal Shah (Founder, CRED)
About: Founded CRED in 2018 after selling FreeCharge to Snapdeal. Has been India’s most active angel investor for the last five years running. Operates more like a one-person VC than a traditional angel — writes small $10K-$50K cheques at very high volume. Also serves on the boards of Pine Labs and Syrma SGS Technology.
Investment style: Pre-seed and seed cheques of $10K to $50K. Very fast decisions, sometimes within hours of a first meeting.
| Category | Details |
|---|---|
| No. of Investments | 293-354 companies (depending on source). 11-13 unicorns in portfolio. 24-68 exits. |
| Industries | Fintech (~40% of portfolio), consumer, SaaS, AI, commerce. |
| Notable bets | Razorpay, Unacademy, BharatPe, Spinny, Shiprocket, Slice, Mensa Brands, Zetwerk, Blu Smart. |
| Social | — linkedin.com/in/kunalshah1 | X — x.com/kunalb11 |
72. Anupam Mittal (Founder & CEO, Shaadi.com / People Group)
About: Founded Shaadi.com in 1997, one of India’s first internet businesses. Built it into a profitable matrimony giant. Became a household name through Shark Tank India where he is a regular shark. Started angel investing in the early 2000s. Has been one of the top three most active Indian angels for the last four years.
Investment style: Seed and early-stage cheques of ₹25 lakh to ₹2 crore. Often goes deeper on consumer and content bets.
| Category | Details |
|---|---|
| No. of Investments | 250+ startups. |
| Industries | Consumer tech, D2C, content, fintech, SaaS, foodtech. |
| Notable bets | Ola, BigBasket, Rapido, Druva, Interview Kickstart, Inshorts, Wakefit, Atomberg, ElasticRun. |
| Social | — linkedin.com/in/anupammittal | X — x.com/AnupamMittal |
73. Kunal Bahl (Co-founder, Snapdeal & Titan Capital)
About: Co-founded Snapdeal in 2010 with Rohit Bansal — became one of India’s first e-commerce unicorns. After Snapdeal pivoted, launched Titan Capital with Rohit in 2011 as their personal investment vehicle. Has been a top 3 angel by deal volume in many years. Operator-investor with deep insight into commerce and consumer.
Investment style: Pre-seed and seed cheques through Titan Capital, usually $250K to $1 million. Writes faster than most VCs.
| Category | Details |
|---|---|
| No. of Investments | 250+ through Titan Capital. Personal angel cheques additional. |
| Industries | Consumer tech, D2C, fintech, SaaS, marketplaces, logistics. |
| Notable bets | Ola, Razorpay, Urban Company, Mamaearth, Unicommerce, Shadowfax, OfBusiness, ShareChat. |
| Social | — linkedin.com/in/kunalbahl | X — x.com/1kunalbahl |
74. Rohit Bansal (Co-founder, Snapdeal & Titan Capital)
About: Co-founded Snapdeal and Titan Capital with Kunal Bahl. Quieter public profile than Kunal but equally active as an investor. Has been ranked among India’s most active angels for many years. Brings deep e-commerce and supply chain expertise to portfolio firms.
Investment style: Pre-seed and seed cheques via Titan Capital. Often invests alongside Kunal Bahl in the same deals.
| Category | Details |
|---|---|
| No. of Investments | 250+ through Titan Capital. Personal investments additional. |
| Industries | Consumer tech, D2C, commerce, logistics, SaaS, fintech. |
| Notable bets | Ola, Razorpay, Urban Company, Mamaearth, OfBusiness, Shadowfax, Cleartrip. |
| Social | — linkedin.com/in/rohitkbansal | X — x.com/RohitKBansal |
75. Vijay Shekhar Sharma (Founder, Paytm)
About: Founded Paytm (One97 Communications) in 2010. Took it through India’s first big fintech IPO in 2021. Known as the founder who made digital payments mainstream in India. Active angel investor for over 12 years, mostly in fintech and adjacent spaces. Sharp eye for product-led founders.
Investment style: Seed and Series A cheques of ₹50 lakh to ₹2 crore. Focuses on founders he meets in his orbit — fintech, payments, lending.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies. |
| Industries | Fintech, payments, lending, consumer internet, gaming. |
| Notable bets | Cube Wealth, Plutus Fintech, Junio, Wishlink, Loop Health, Pluto. |
| Social | — linkedin.com/in/vijayshekhar | X — x.com/vijayshekhar |
76. Aman Gupta (Co-founder & CMO, boAt)
About: Co-founded boAt in 2016 — built it into India’s biggest audio brand and one of the biggest D2C success stories. Chartered Accountant with an MBA from ISB. Became a household name through Shark Tank India. One of the most active angels in 2022-2024 by deal volume.
Investment style: Seed and Series A cheques of ₹50 lakh to ₹3 crore. Goes deep on consumer brands and D2C.
| Category | Details |
|---|---|
| No. of Investments | 80+ startups, including 30+ from Shark Tank India. |
| Industries | D2C consumer brands, beauty, F&B, lifestyle, fitness. |
| Notable bets | FAE Beauty, Skippi Ice Pops, Go Zero, Bummer, AIRTH, Snitch, GudWorld, Inner Gize. |
| Social | — linkedin.com/in/aman-gupta-boat | X — x.com/boataman | Instagram — instagram.com/boat.aman |
77. Ashneer Grover (Co-founder, BharatPe & Third Unicorn)
About: Co-founded BharatPe in 2018, scaled it to a unicorn before a high-profile exit in 2022. Started a new venture called Third Unicorn in 2023. Author of “Doglapan”. Known as a sharp, blunt commentator on Indian startups. Active angel since 2020 — invests in fintech and consumer.
Investment style: Seed cheques of ₹25 lakh to ₹1 crore. Quick decisions, founder-first.
| Category | Details |
|---|---|
| No. of Investments | 60+ startups. |
| Industries | Fintech, consumer, gaming, D2C, AI. |
| Notable bets | Crick Heroes, Booming Bulls, Pulse Active Stations, Skippi Ice Pops, Aerem. |
| Social | — linkedin.com/in/ashneergrover | X — x.com/Ashneer_Grover |
78. Rajan Anandan (Managing Director, Peak XV Partners)
About: Currently Managing Director at Peak XV Partners (where he leads the Surge programme). Was Vice President of Google India and Southeast Asia until 2019. Before that, was at McKinsey, Microsoft, and Dell. One of the most respected operators turned investors in India. Has done 90+ personal angel cheques.
Investment style: Pre-seed and seed personal cheques of ₹25 lakh to ₹1 crore, alongside Peak XV cheques. Multi-sector but tech-heavy.
| Category | Details |
|---|---|
| No. of Investments | 90+ personal angel deals. |
| Industries | SaaS, fintech, consumer internet, AI, edtech. |
| Notable bets | Razorpay, Drone Destination, Unbox Robotics, GalaxEye Space, Inshorts, Pratilipi, GoMechanic. |
| Social | — linkedin.com/in/rajananandan | X — x.com/RajanAnandan |
79. Binny Bansal (Co-founder, Flipkart; 021 Capital, xto10x)
About: Co-founded Flipkart in 2007 with Sachin Bansal. Was the CEO until 2018. After exiting Flipkart, set up 021 Capital and xto10x — his investment and operator coaching platforms. Writes larger angel cheques than most — often $1M-$5M. Highly active in late-stage tech.
Investment style: Larger seed and Series A cheques of $1 million to $5 million. Plus follow-on cheques in later rounds.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies through 021 Capital. |
| Industries | Consumer tech, fintech, SaaS, AI, healthtech. |
| Notable bets | Acko, Cure.fit, Rebel Foods, BlackBuck, Curefit, Sundae, Whatfix, Pixxel. |
| Social | — linkedin.com/in/binnybansal | X — x.com/binnybansal |
80. Sachin Bansal (Co-founder, Flipkart; Founder, Navi)
About: Co-founded Flipkart in 2007. Exited in 2018 after the Walmart acquisition. Used most of his exit money to start Navi in 2018 — a fintech focused on lending, mutual funds, and insurance. Also makes personal angel cheques alongside Navi’s own investments. Known for being more reserved than Binny but equally sharp.
Investment style: Selective seed and Series A cheques. Larger cheques than most personal angels.
| Category | Details |
|---|---|
| No. of Investments | 30+ companies. |
| Industries | Fintech, consumer tech, deep tech, SaaS. |
| Notable bets | Ola (early), Tracxn, Inshorts, Curefit, Mensa Brands, Navi (founded). |
| Social | — linkedin.com/in/sachinbansal | X — x.com/_sachinbansal |
81. Peyush Bansal (Co-founder & CEO, Lenskart)
About: Co-founded Lenskart in 2010. Built it into India’s biggest eyewear retailer with over 2000 stores across India and South Asia. Took Lenskart public in late 2025. Active angel since 2018 — ranked fourth most active Indian angel in 2022 with 26 deals. Sharp consumer instincts and known for being founder-friendly on Shark Tank.
Investment style: Seed and Series A cheques of ₹25 lakh to ₹1.5 crore. Focuses on consumer and tech-enabled retail.
| Category | Details |
|---|---|
| No. of Investments | 70+ startups. |
| Industries | Consumer brands, retail tech, D2C, education, fintech. |
| Notable bets | Skippi Ice Pops, Hammer Lifestyle, Patron, Ahuja Radios, Bummer, Plantmade. |
| Social | — linkedin.com/in/peyushbansal | Instagram — instagram.com/peyushbansal |
82. Sanjeev Bikhchandani (Founder & Executive Chairman, Info Edge)
About: Founded Naukri.com in 1997 — one of India’s oldest internet businesses. Naukri’s parent Info Edge is now a listed company with multiple internet brands. Was one of the very first cheques in Zomato (2010) and PolicyBazaar — Info Edge’s gains from those bets made it one of India’s most successful corporate VCs. Continues to angel-invest personally.
Investment style: Long-term oriented seed cheques, both personal and via Info Edge Ventures. Often the very first institutional cheque.
| Category | Details |
|---|---|
| No. of Investments | 30+ personal investments; 80+ through Info Edge Ventures. |
| Industries | Internet, marketplaces, fintech, edtech, classifieds. |
| Notable bets | Zomato (very early), PolicyBazaar, Meritnation, Happily Unmarried, ShopKirana, GeeksforGeeks. |
| Social | — linkedin.com/in/sanjeev-bikhchandani | X — x.com/sb_naukri |
83. Bhavin Turakhia (Co-founder, Directi / Zeta / Flock / Radix)
About: One of India’s most successful internet entrepreneurs. Co-founded Directi with his brother Divyank in 1998 — at age 17 — and built it into a $1.4 billion exit by 2016. Now runs Zeta (banking infrastructure unicorn), Flock (workplace communications), and Radix. Active angel for over 15 years. Sharp on tech and infrastructure plays.
Investment style: Seed and Series A cheques of $250K to $2 million. Goes deep on tech, especially SaaS and infrastructure.
| Category | Details |
|---|---|
| No. of Investments | 40+ startups. |
| Industries | SaaS, fintech infrastructure, AI, developer tools, productivity. |
| Notable bets | Hinglish AI, Postman (early), Multiplier, Slice (early), Avega Capital, Anand Rathi (early). |
| Social | — linkedin.com/in/bhavinturakhia | X — x.com/bhavintu |
84. Deepinder Goyal (Founder & CEO, Zomato/Eternal)
About: Founded Zomato (now Eternal) in 2008. Took it public in 2021 — one of India’s biggest tech IPOs ever. Currently runs Eternal (parent of Zomato, Blinkit, Hyperpure, Feeding India). Active angel since 2018, particularly in food tech, consumer, and AI. Recently launched LAT49 — a personal tech-focused investment vehicle.
Investment style: Seed and Series A cheques of ₹50 lakh to ₹3 crore. Tilts towards founders he meets through Eternal’s ecosystem.
| Category | Details |
|---|---|
| No. of Investments | 40+ startups. |
| Industries | Food tech, consumer brands, AI, D2C, restaurant tech. |
| Notable bets | Curefit (early), Magicpin (early), Shiprocket (early), Curefit, Mosaic Wellness, Snitch (early). |
| Social | — linkedin.com/in/deepindergoyal | X — x.com/deepigoyal |
85. Sridhar Vembu (Founder & CEO, Zoho)
About: Founded Zoho in 1996 — built it into a profitable global SaaS giant with $1+ billion in revenue, all bootstrapped. Based in rural Tenkasi, Tamil Nadu, and famous for refusing VC money and building from villages. Active angel and proponent of deep tech, rural innovation, and Indian product self-reliance. Was awarded the Padma Shri in 2021.
Investment style: Selective seed cheques. Often non-monetary support too — cloud infra, talent, distribution via Zoho.
| Category | Details |
|---|---|
| No. of Investments | 30+ startups (selective). |
| Industries | SaaS, deep tech, rural innovation, hardware, semiconductors. |
| Notable bets | Mindgrove (chip startup), several deep tech companies in Tamil Nadu, rural innovation startups. |
| Social | — linkedin.com/in/sridhar-vembu | X — x.com/svembu |
86. Girish Mathrubootham (Founder, Freshworks; Together Fund)
About: Founded Freshworks in 2010 in Chennai. Took it public on Nasdaq in 2021 — the first Indian SaaS company to do so. Continues as Executive Chairman. Co-founded Together Fund in 2021 along with other operators. Active personal angel investor especially in SaaS and developer tools. Known for being founder-friendly.
Investment style: Seed and Series A cheques, both personal and via Together Fund.
| Category | Details |
|---|---|
| No. of Investments | 40+ personal cheques + Together Fund portfolio. |
| Industries | SaaS, developer tools, AI, enterprise software, vertical SaaS. |
| Notable bets | Atomicwork, Spotdraft, Zluri, Rocketlane, Postman (early), Slintel, Plivo. |
| Social | — linkedin.com/in/girishmathrubootham | X — x.com/mrgirish |
87. Nithin Kamath (Co-founder & CEO, Zerodha; Founder, Rainmatter)
About: Co-founded Zerodha with his brother Nikhil in 2010. Bootstrapped it into India’s largest retail stockbroker without raising any VC funding. Launched Rainmatter in 2016 — a fintech incubator and climate fund that takes no board seats and offers patient capital. Forbes ranks the Kamath brothers among India’s wealthiest.
Investment style: Through Rainmatter primarily. Cheques range from seed to growth stage. No board seats. No exit pressure.
| Category | Details |
|---|---|
| No. of Investments | Rainmatter has backed 47+ startups (₹275+ crore deployed). |
| Industries | Fintech, financial literacy, climate tech, health tech. |
| Notable bets | Smallcase, Ditto Insurance, Streak, Wint Wealth, Tickertape, Sensibull, GoldenPi. |
| Social | — linkedin.com/in/nithin0dha | X — x.com/Nithin0dha |
88. Nikhil Kamath (Co-founder, Zerodha; Founder, Gruhas, WTFund)
About: Co-founded Zerodha and True Beacon (wealth management for ultra-HNIs) with his brother Nithin. Launched Gruhas with Abhijeet Pai in 2021 — a fund for prop-tech, clean tech, and consumer brands. Launched WTFund in 2024 to back founders under 25 with non-dilutive grants. Host of the popular WTF podcast. Net worth ~$3 billion.
Investment style: Direct personal angel cheques plus Gruhas (PE-style cheques) and WTFund (non-dilutive grants).
| Category | Details |
|---|---|
| No. of Investments | 30+ personal angel deals. Plus Gruhas and WTFund portfolios. |
| Industries | Prop-tech, clean tech, consumer brands, F&B, aviation. |
| Notable bets | BlueStone, Licious, Nourish You, Pee Safe, Mainstreet, Third Wave Coffee, Age Care Labs, Ossus Biorenewables, Goldi Solar. |
| Social | — linkedin.com/in/nikhilkamathcio | X — x.com/nikhilkamathcio |
89. Kris Gopalakrishnan (Co-founder, Infosys; Chairman, Axilor Ventures)
About: Co-founded Infosys in 1981 — one of seven founders who built it from a $250 starting capital into India’s IT services giant. Was CEO of Infosys from 2007 to 2011. Set up Axilor Ventures in 2014 as an accelerator and seed fund. Also chairs CII and has been a long-time backer of Indian deep tech. Padma Bhushan recipient.
Investment style: Both personal cheques and through Axilor Ventures. Strong tilt towards deep tech and product startups.
| Category | Details |
|---|---|
| No. of Investments | 100+ companies including Axilor portfolio. |
| Industries | Deep tech, SaaS, healthcare, AI, robotics. |
| Notable bets | Tessolve, Active.ai, Detect Technologies, Mindgrove, Healthifyme (early), Vyome Therapeutics. |
| Social | — linkedin.com/in/kris-gopalakrishnan | X — x.com/krisgopalakris |
90. Naveen Tewari (Founder & CEO, InMobi Group)
About: Founded InMobi in 2007 — India’s first consumer tech unicorn (achieved unicorn status in 2011, well before the term became popular). Now runs InMobi Group which also includes Glance, Roposo, and BoldVision. Active angel investor and operator-mentor in mobile, AI, and consumer tech. Strong networks in both India and Silicon Valley.
Investment style: Seed and Series A cheques. Often goes deep on AI and mobile-first products.
| Category | Details |
|---|---|
| No. of Investments | 30+ startups. |
| Industries | Mobile tech, AI, advertising tech, consumer internet, content. |
| Notable bets | Mobikon, Mobimee, several AI and adtech startups, content-tech bets. |
| Social | — linkedin.com/in/naveentewari | X — x.com/naveen_tewari |
Section 6: Family offices, CXO angels, and corporate VCs
91. Catamaran Ventures
About: Started in 2010 by N R Narayana Murthy — Infosys co-founder. The family office of Murthy and his family, headquartered in Bengaluru. Manages over $1 billion across public equity, private equity, and growth-stage VC. Currently focused on export-oriented precision manufacturing and engineering firms. Has partnerships with Amazon and Aon for their India businesses.
Ideal for: Growth-stage founders building large, scalable, value-driven companies.
| Category | Details |
|---|---|
| No. of Investments | 30+ across asset classes. |
| Industries | Manufacturing, engineering, deeptech, consumer, food, fintech. |
| Key People | N R Narayana Murthy (Founder), Deepak Padaki (President), Abishek Laxminarayan (Investment Director). |
| Social | — linkedin.com/company/catamaran-ventures | Web — catamaran.in |
| Portfolio | Udaan, Aequs, SEDEMAC, VerSe Innovation (Dailyhunt, Josh), Akshayakalpa, Acko, Log9 Materials, Paper Boat (early), Yebh. |
92. RNT Capital Advisors
About: Started in 2010 by N R Narayana Murthy — Infosys co-founder. The family office of Murthy and his family, headquartered in Bengaluru. Manages over $1 billion across public equity, private equity, and growth-stage VC. Currently focused on export-oriented precision manufacturing and engineering firms. Has partnerships with Amazon and Aon for their India businesses.
Ideal for: Growth-stage founders building large, scalable, value-driven companies.
| Category | Details |
|---|---|
| No. of Investments | 50+ companies. |
| Industries | Consumer tech, fintech, healthtech, AI, mobility. |
| Key People | Mehli Mistry (Trustee, RNT Associates), R Venkataramanan (Trustee), Ratan Tata (Founder, late). |
| Social | — linkedin.com/company/catamaran-ventures | Web — catamaran.in |
| Portfolio | CarDekho, Ola (early), Snapdeal (early), Paytm (early), Urban Company, Lenskart (early), Lybrate, FirstCry, Bluestone, Niki.ai. |
93. Burman Family Holdings
About: Investment arm of the Burman family, fifth-generation owners of Dabur — one of India’s oldest FMCG companies (founded in 1884). Based in Delhi. Has been investing since 1995, making it one of India’s oldest active family offices. Strong consumer tilt, but also goes broad. Recently took control of Religare Enterprises.
Ideal for: Series A and growth-stage founders in consumer, health, and financial services.
| Category | Details |
|---|---|
| No. of Investments | 44+ companies (Tracxn, October 2025). |
| Industries | Consumer brands, health, biotech, fintech, insurance. |
| Key People | Mohit Burman (Director), Gaurav Burman (Partner), Anand Burman (Chairman, Dabur). |
| Social | — linkedin.com/company/burman-family-holdings | Web — burmanfamilyholdings.com |
| Portfolio | Policybazaar, Easypolicy, Experian (early), Isprava, Pandorum Technologies, Soho House. |
94. Sharrp Ventures
About: Family office of Harsh Mariwala (founder of Marico, the parent of Parachute and Saffola). Set up around 2014 by Mariwala’s son Rajvi (Rishabh) Mariwala. Based in Mumbai. Backs consumer, D2C, and tech founders, often the same kind of bets Harsh Mariwala built into the Marico empire over decades.
Ideal for: Seed and Series A founders in consumer brands and D2C.
| Category | Details |
|---|---|
| No. of Investments | 30+ companies. |
| Industries | Consumer brands, D2C, beauty, food, lifestyle, fintech. |
| Key People | Harsh Mariwala (Founder), Rajvi Mariwala (Director), Rishabh Mariwala (Director). |
| Social | — linkedin.com/company/sharrp-ventures | Web — sharrpventures.com |
| Portfolio | Wakefit, Bira 91, Country Delight, ePayLater, Yoga Bar, Vahdam Teas, Plum Goodness, The Whole Truth. |
95. Reliance Strategic Investments / Jio Platforms
About: Strategic investment arm of Reliance Industries — India’s largest private-sector firm. Made global headlines in 2020-21 when Jio Platforms raised over $20 billion from Facebook (Meta), Google, KKR, Silver Lake, and others. Continues to invest in startups that strengthen the Reliance ecosystem — retail, telecom, AI, and now data centres.
Ideal for: Growth and pre-IPO founders that fit the Reliance ecosystem (retail, telecom, AI infrastructure).
| Category | Details |
|---|---|
| No. of Investments | 50+ acquisitions and investments. |
| Industries | Retail tech, telecom, AI infrastructure, energy, consumer. |
| Key People | Mukesh Ambani (Chairman), Akash Ambani (Chairman, Reliance Jio), Anshuman Thakur (Head of Strategy). |
| Social | — linkedin.com/company/reliance-industries-limited | Web — ril.com |
| Portfolio | Embibe, Haptik, NetMeds, Urban Ladder, Reverie Language Technologies, Tira, Addverb Technologies, Asteria Aerospace. |
96. Tata Capital
About: Financial services arm of Tata Sons. Manages multiple PE funds including Tata Capital Growth Fund, Tata Capital Healthcare Fund (now in its third edition), and Tata Capital Innovations Fund. Listed publicly in early 2026 via a major IPO. Strong Tata Group strategic alignment but invests beyond Tata businesses too.
Ideal for: Series B and growth-stage founders in healthcare, financial services, and consumer.
| Category | Details |
|---|---|
| No. of Investments | 100+ across multiple funds. |
| Industries | Healthcare, financial services, consumer brands, infrastructure, technology. |
| Key People | Rajiv Sabharwal (MD & CEO, Tata Capital), Padmanabh Sinha (Managing Partner, PE), Akhil Awasthi (Managing Partner, Growth Fund). |
| Social | — linkedin.com/company/tata-capital-limited | X — x.com/TataCapital | Web — tatacapital.com |
| Portfolio | Bigbasket (early), Roop Automotives, Mahindra Logistics, Veritas Finance, Habit Health, Suburban Diagnostics, Lokmanya Hospitals. |
97. Mahindra Partners
About: Investment arm of the Mahindra Group — one of India’s largest conglomerates. Based in Mumbai. Started in 1999 as the group’s incubation and strategic investment platform. Now invests across emerging sectors that complement Mahindra’s core businesses in mobility, finance, and agri. Also runs Mahindra Susten (solar EPC) and Mahindra Logistics.
Ideal for: Growth-stage founders in clean energy, mobility, agritech, and rural-focused businesses.
| Category | Details |
|---|---|
| No. of Investments | 30+ portfolio firms. |
| Industries | Mobility, clean energy, agritech, retail, financial services. |
| Key People | Anand Mahindra (Chairman, Mahindra Group), Anish Shah (CEO & MD), Parag Shah (Managing Partner, Mahindra Partners). |
| Social | — linkedin.com/company/mahindra-partners | — mahindra.com/our-business/emerging-equity-investments |
| Portfolio | Mahindra Susten, Mahindra Logistics, Mahindra First Choice Wheels, Smartshift Logistics, Carnot Technologies, Mahindra Rural Housing Finance. |
98. Info Edge Ventures
About: Corporate VC arm of Info Edge — the listed parent of Naukri.com, started by Sanjeev Bikhchandani in 1995. Info Edge Ventures was set up in 2020 with three funds — Info Edge Venture Fund, Info Edge Capital, and Capital 2B. Famous for the first Zomato cheque in 2010 and the first PolicyBazaar cheque, which between them have generated multi-billion-dollar gains for Info Edge.
Ideal for: Seed and Series A founders building internet businesses for India.
| Category | Details |
|---|---|
| No. of Investments | 80+ companies. |
| Industries | Internet, marketplaces, fintech, edtech, classifieds, consumer. |
| Key People | Sanjeev Bikhchandani (Executive Chairman), Kitty Agarwal (Partner), Hitesh Oberoi (CEO, Info Edge). |
| Social | — linkedin.com/company/info-edge-ventures | — infoedgeventures.com |
| Portfolio | Zomato (first cheque, exited via IPO), PolicyBazaar (early), Meritnation, Happily Unmarried, ShopKirana, GeeksforGeeks, Ustraa, Bluelearn. |
99. Suhail Sameer (OTP Ventures)
About: Former CEO of BharatPe (2021-2022) and ex-CEO of RP-Sanjiv Goenka Group’s consumer business. Started OTP Ventures in 2023 as his personal investment vehicle. Based in Delhi. Active early-stage angel since his BharatPe exit — writes operator-grade cheques into consumer brands and fintech.
Ideal for: Seed and Series A founders in fintech, consumer brands, and B2B SaaS.
| Category | Details |
|---|---|
| No. of Investments | 25+ companies. |
| Industries | Fintech, consumer brands, D2C, SaaS, food. |
| Key People | Suhail Sameer (Founder, Managing Partner). |
| Social | — linkedin.com/in/suhailsameer | X — x.com/sameer_suhail | — otpventures.com |
| Portfolio | Cleevo, Nuuk, Lorien Finance, Quanrio, and other early-stage cheques across fintech and consumer. |
100. Dheeraj Jain (Redcliffe Capital)
About: Founder of Redcliffe Life Diagnostics and Crystal IVF — two large healthcare firms in India. Built up over 15 years as a healthcare operator. Active angel since 2010 with a sharp focus on healthcare, diagnostics, and women’s health. Based in Delhi. Runs Redcliffe Capital alongside his operating role.
Ideal for: Seed and Series A founders in healthcare, medtech, and diagnostics.
| Category | Details |
|---|---|
| No. of Investments | 50+ startups (across healthcare and tech). |
| Industries | Healthcare, diagnostics, medtech, women's health, fintech. |
| Key People | Dheeraj Jain (Founder, Managing Partner). |
| Social | — linkedin.com/in/dheerajjain | — redcliffecapital.com |
| Portfolio | Sleepyhead (early), Redcliffe Labs (founded), Crystal IVF (founded), and angel investments across healthtech and consumer. |
What to do next
The Indian investor market in 2026 is bigger, stricter, and more sorted than ever. Pick 8 to 12 names from this list that fit your stage and your sector, then study them properly before you send a single email. The capital is here — the question is whether your business deserves it.
