Investors in India

Sometimes founders need us to roll-up our sleeves, and sometimes they just need space. Mostly we just cheerlead them to do better in what they are already good at. We do seed and seed only, and we have been doing seed for the last 10 years.

The India Internet Fund invests in early stage Internet and mobile technology startups. The firm’s partners collectively bring vast experience in entrepreneurship, investing and management with deep industry knowledge and relationships in the U.S. and India. The firm takes a hands-on approach with its portfolio companies and provides talented, driven entrepreneurs with on-the-ground assistance on management strategy and execution. With an equally strong presence in India and the U.S. and a strong global network, IIF is uniquely placed to assist Indian startups to expand beyond the Indian market to the U.S. and other markets in Asia, Europe and Latin America.

Indiabulls Ventures Limited is one of India’s leading capital market companies providing securities and derivative brokering services. The company is a pioneer of the online trading platform in the country with their easy to use trading app named Shubh. Indiabulls Ventures is a part of the Indiabulls Group, one of the country's leading business houses with expertise in housing finance, real estate, securities, personal financing, construction equipment leasing and facilities sector. Registered with SEBI as a Stock Broker, a Depository Participant, a Research Analyst and a Merchant Banker in Category I, our equity shares are listed on the NSE Limited and BSE Limited and the Global Depository Receipts (GDRs) are listed on the Luxembourg Stock Exchange.

Indian Angel Network (IAN) is India's largest platform for seed and early-stage investments, established in 2006 by Padmaja Ruparel, Raman Roy, and Saurabh Srivastava. The network comprises over 500 members from 11 countries, including successful entrepreneurs and industry leaders. IAN has invested approximately ₹900 crore in more than 225 companies, with a combined market valuation exceeding $9 billion. The network's mission is to support 500 startups with ₹5,000 crore in investments by 2030, aiming to create 500,000 jobs. In October 2022, IAN launched the IAN Alpha Fund, a ₹1,000 crore venture capital fund, focusing on sectors such as cleantech, healthtech, agritech, edtech, fintech, and emerging technologies like Industry 4.0, spacetech, web3, and robotics. In 2022, IAN invested ₹85 crore in 52 companies, including 11 women-led ventures and 13 startups from Tier-II and Tier-III cities. Notable portfolio companies include Druva Software, Spinny, Uniphore, Fareye, and Zypp Electric. The network is recognized for pioneering angel investing in India and continues to innovate by providing money, mentoring, and market access to early-stage startups.

India Equity Partners (IEP Fund Advisors) is a leading, India-focused mid-market private equity fund focused on control and significant minority transactions. IEP Fund Advisors has a proven track record of identifying, investing and leading business transformations in Indian Companies for over a decade spanning two funds.

India Venture Partnership seeks to realize exceptional returns from equity investments in today’s fast moving and dynamic Indian economy. We value passionate, experienced management with deep knowledge of Indian markets, who have developed products and services with untapped demand and a sustainable competitive advantage. The Fund assists these entrepreneurs by helping to build the requisite legal, accounting, sales, support, and product development infrastructure in order to achieve forecasted growth and profitability.

India SME Investments LLP is a private equity firm specializing in early-growth, small and medium-sized companies. The firm targets the lower/middle-class segment benefiting from the conversion of unorganized to organized play, changing consumer preferences, improving financial inclusion, increasing rural demand and improving affordability in healthcare and education. The firm is sector agnostic with a focus on sectors linked to domestic consumption like consumer, retail, financial inclusion, manufacturing, healthcare, education and retail sectors. The firm invests in companies primarily based out of, operating in Tier 2/3 centers in India. It typically invests between $5 to $15 million in companies. India SME Investments LLP was founded in 2019 and is based in Mumbai, India with an additional office in Bengaluru, India.

The Hive is a AI fund and co-creation studio that collaborates with entrepreneurs and corporations to create and launch AI based startups. We believe that applications that leverage the innovation in AI and data infrastructures are changing the world, our lives and every industry. The Hive's focus is on the enterprise and vertical industries including financial services, insurance, industrials, retail and health. We are a collection of proven company creators, under one roof who work actively with founders to help them go from concept to company. Our in-house strategy, technology, and investment team combined with our extensive network of corporations, universities and AI experts create a perfect opportunity to launch market leading companies in very short order. The Hive is based in Palo Alto with offices in Sao Paolo and Bangalore.

Hive India is a venture capital firm specializing in investments in incubation, early stage, and start- ups in big data space and data analytics companies. It typically invests between $2,00,000 and $20,00,000 in each portfolio company. Hive India was launched in 2013 and is based in India. Hive India operates as a subsidiary of The Hive.

Artha India Ventures is an early-stage venture capital firm that utilizes a unique model of investing in high-yielding renewable energy assets to fund startup investments, creating a self-sustaining cycle.

As a private equity investor, Fulcrum has maintained a key focus on early growth investment opportunities in the Indian Healthcare & Pharmaceutical sectors. We believe our investments are partnerships and seek like-minded entrepreneurs to work with a view to develop businesses that are solid in their principals and objectives.

Started in 2008, InnoVen Capital is India's first and largest venture debt and specialty lending business. InnoVen Capital India, erstwhile SVB India Finance, was rebranded as a result of being acquired by Temasek Holdings in 2015. Over the last seven years, we have backed several leading high growth venture capital-backed companies through various stages of their development and across different industry sectors and business models. We seek to encourage entrepreneurs and high-potential ideas with our support through diverse debt capital options.

Matrix Partners India, now known as Z47, is a venture capital firm dedicated to partnering with visionary founders to build a developed nation by 2047. With over $3.5 billion in assets under management, Z47 has invested in more than 100 companies, including 10 unicorns. The firm focuses on early-stage investments, typically from Seed to Series B, in sectors such as FinTech & FinServices, Enterprise SaaS & AI, Consumer Brands, Consumer Tech, Frontier Tech, and B2B Commerce & Manufacturing. Z47's portfolio includes notable companies like Ola, Razorpay, Five Star, OfBusiness, OneCard, Captain Fresh, Scapia, and Dailyhunt. The firm's team comprises former founders and operators who bring experience, expertise, and empathy to their partnerships, assisting founders with various aspects of building and scaling their businesses.

Ascent Capital is a leading private equity firm in India. Founded in 2008, we have empowered over 50 exceptional entrepreneurs and co-founders across three funds, fueling innovative, game-changing companies in sectors like Technology, Consumer Goods, Healthcare, and Financial Services with growth capital. Our marquee investors, who include long term institutional investors such as pension funds, foundations, endowments, family offices, fund-of funds and large corporations have backed us across economic cycles – a vote of confidence in our ability to excel and deliver results. The result of 20 years of experiential learning and deep introspection on the best path towards building scalable businesses in India, Ascent’s ‘What Works in India’ blueprint is designed to help build successful businesses of lasting value. We follow an entrepreneur-centric investment approach where we view ourselves as ancillary beneficiaries of our entrepreneurs’ success. We actively seek out promising Indian companies driven by visionary leadership and place complete confidence in our entrepreneurs’ ability to build and manage their companies. We play a complementary and enabling role to our entrepreneurs, assisting them wherever necessary with the collective might of our entire team.

Unicorn India Ventures is an early-stage venture capital firm that partners with visionary entrepreneurs using innovative technologies to solve real-life problems. They manage the IITM Unicorn Frontier Fund, bridging the gap between deep science research and global markets through mentor capitalism.

Prath India Advisors LLP is a venture capital firm specializing in seed, series A, early stage and startup investments. The firm prefers to invest consumer segments including FMCG, lifestyle, food, health, education, logistics, packaging, marketing tech and digital consumer segment sectors. It prefers to invest in companies based in India. It seeks to invest in equity investments between ₹10 million ($0.12 million) and ₹150 million ($1.76 million) per transaction. Prath India Advisors LLP was founded in 2022 and is based in Mumbai India.

Bertelsmann India Investments (BII) is the strategic investment arm of Bertelsmann SE & Co. KGaA in India. We focus on investing in pioneering companies in the digital, education, media and services sectors, which are developing new technologies, business models and visions of the future. We focus on early stage, as well as growth stage investments.

Spark Capital is one of India’s leading mid-market, full-service Investment Banks. Having our genesis from the south in 2001 and now having a pan-India presence, we offer services encompassing Investment Banking, Institutional Equities, Fixed Income Advisory and Wealth Advisory. Our key differentiator is the ability to offer services that benefit from an amalgam of the experience of our founding members and the contemporary thinking of our young leadership team.Our core values of integrity; putting customers first; and seeking partnerships that are mutually beneficial, help us build sustainable, long-term relationships with clients. Our services include equity and debt capital raising in private and public markets; M&A advisory; research-led public-market stock ideation; and customised wealth advisory solutions. Sectors where we have built considerable domain strength and transaction experiences are BFSI, Healthcare, Consumer, Technology, Infrastructure and Industrials.Our commitment to staying the course with respect to our core values; our strong entrepreneurial culture; an ability to attract and retain high quality talent; and our gradual expansion of markets and services has served as cornerstones of our evolution. Over the past three years, we have advised on over 31 deals aggregating to USD 2.2 billion; scaled up research coverage to over 200 listed stocks; and rapidly grown assets-under-advice on the back of above-market performance of client portfolios.

Forum Synergies provides investors with a best-in-class private equity model that manages risks of and generates superior returns.

Saama Capital India Advisors, LLP is a venture capital specializing in Seed, Pre-Series A and early-stage investments. It specializes in growth capital investments. The firm seeks to invest in consumer tech, d2c brands, enterprise and financial services. It prefers to invest in the United States and India. It prefers to invest between $0.5 million to $5 million. Saama Capital India Advisors, LLP was founded in 2012 and is based in Bengaluru, India with additional offices in Palo Alto, California and Ebene, Mauritius.

Founded in 1995, our team of professionals turned entrepreneurs have over 150 years of collective industry experience, including over 80 years in private equity advisory. We serve as the Advisor to managers which in turn, manages the following India-focused private equity funds with over USD 600 million assets under management:

Madison India Capital is one of India’s leading private investment firms specializing in the consumer, business services, technology and financial services industries. Since we are specialists in our sectors of focus we are a value added investor with a deep set of industry and capital markets relationships.We strive to build long-term partnerships with management teams of high growth middle market companies that strive to shape the consumer, business services, technology and financial services industries in India.Our typical investment consideration is $5 to $30 million in companies and we will also evaluate equity investments of up to $50 million in conjunction with our limited partners.We involve partners with operational backgrounds in the due diligence process and subsequent development of portfolio companies. While we are not involved with the day-to-day operations of companies we provide a resource and a constructive sounding board to our portfolio companies. Madison India Capital is focused on middle market growth companies.

Stanford Angels & Entrepreneurs India is a venture capital firm specializing in seed/startup, early-stage startups that are raising their pre-Seed to pre-Series A round, It is Stanford Alumni Association group based in India that seeks to strengthen Stanfords startup community by fostering relationships among entrepreneurs and alumni investors. Our community approach to the investment process creates diverse opportunities for education, professional development, advising / mentoring, and growing ones business and investment portfolio. The firm is industry agnostic but have a preference for technology-led ideas. It invests companies based in India, USA, or Singapore whose primary business focus is in India. Stanford Angels & Entrepreneurs India is based in Bengaluru, India.

Lighthouse is one of India’s leading growth-stage private equity firms, specializing in backing category-leading high-growth companies across the consumer and healthcare sectors.