20 Best Venture Capital Firms in India

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Starting your search for the perfect venture capital firm in India? You’re in luck. The landscape here is rich with the best VC firms ready to back ambitious founders like you.

From early-stage startups to growth-phase ventures, there’s a fit for every dream in this diverse ecosystem. We’ve put together a list of the 20 best venture capital firms in India, each known for their successful track records and supportive approach to investment.

These Indian VC firms are more than just funding partners; they’re collaborators who offer invaluable guidance and resources to help you scale new heights. Let’s dive into which venture capital firms in India stand out for their commitment to helping startups thrive.

Arali Ventures

Arali Ventures is a VC firm focused on investing in early-stage companies, particularly in the B2B technology sector. The firm has a keen eye for startups in various tech domains, including SaaS, robotics, fintech, healthtech, and more. Regarding check sizes, Arali usually puts in anywhere from $300k to $1 million in a startup. Their investments primarily focus on the Indian enterprise-tech landscape, showcasing their expertise in recognizing and elevating promising tech solutions in the region

Headquarters: India

Investment Geography: India, USA, Norway

Operating since: 2017

Stages: Pre-Seed, Seed

Investment Focus: DeepTech Enterprise/B2B Tech (Software, AI, Robotics)

Number of investments: 26

Number of exits: 3

Check size: $300k – $1m

Notable investments: FinBox, Wingman

Founders/Key People: Arun Raghavan, Harshal Gupta

Website: https://araliventures.in 

Arka Venture Labs

Arka Venture Labs is an early-stage accelerator fund that backs B2B entrepreneurs from India who are building global companies. Launched in 2018, they provide capital, mentorship, and access to the startup ecosystems of both Silicon Valley and India. They like to give the first institutional check for pre-seed and seed-stage startups, typically investing up to $400K in each company. Arka’s got a sharp focus on B2B tech/Enterprise/SaaS startups looking to build a global company with their primary customer being in the US/Northern Europe. Their portfolio includes more than 33 diverse startups.

Headquarters: India

Investment Geography: India, USA, Singapore

Operating since: 2018

Stages: Pre-Seed, Seed 

Investment Focus: Indian B2B startups (Enterprise Software, B2B, B2B2C, RetailTech, HealthTech, FinTech, Smart City, AgTech, TravelTech, EdTech, Automotive, Energy and Utilities, DeepTech)

Number of investments: 34

Number of exits: 6

Check size: $100k – $400k

Notable investments: ObviouslyAI, Essenvia

Founders/Key People: Yashwanth Hemaraj, Aarushi Khanna

Website: https://arka.vc 

Cloud Capital (India)

Cloud Capital is a venture capital firm based in Delhi, India. As a venture capital entity, Cloud Capital has a history of engaging in various funding rounds, predominantly supporting early-stage companies. They have a track record of investing in diverse technology-oriented companies, financial software, and other tech-related fields. Cloud Capital has made a significant impact in a relatively short time by investing in over 50 startups.

Headquarters: India

Investment Geography: India, Poland

Operating since: 2020

Stages: Pre-Seed, Seed, Pre-Series A

Investment Focus: Cloud Economy (FinTech, Digital Health, FoodTech, EdTech, Web 3, Gaming, Blockchain, RetailTech, Commerce Tech, Dev Tools, SaaS, Software, B2B)

Number of investments: 54

Number of exits: 6

Check size: $100k – $1m

Notable investments: ChangeJar Technologies, Tortoise

Founders/Key People: Randy Cloud, Anna Chen

Website: https://www.cloudcap.in 

Elevation Capital

Elevation Capital is an early-stage venture fund that invests in globally impactful companies driven by a vision of advancing humanity. With over 15 years of experience, the firm is guided by the principle of creating shared value, believing in the transformative power of disruptive technologies. They invest in visionary leaders and bold ideas, focusing primarily on seed-stage angel funding in the range of $10k-$100k while selectively engaging in exponential growth capital opportunities ranging from $100k-$2m. Their investments cover diverse industries, including health and wellness, financial services, real estate, hospitality, and technology​​.

Headquarters: India

Investment Geography: India, USA, France, Finland, Singapore, China

Operating since: 2002

Stages: Seed,Series A,Series B

Investment Focus: Consumer Brands, Consumer Tech, Crypto & Web 3, Blockchain, Enterprise, B2B, SaaS, Software, FinTech, Logistics

Number of investments: 289

Number of exits: 40

Check size: $10k-$2m

Notable investments: Spinny, Swiggy

Founders/Key People: Vasudha Wadhera, Ravi Adusumalli

Website: https://elevationcapital.com 

Endiya Partners

Endiya Partners, established to catalyze the third wave of Indian entrepreneurship, specializes in early-stage investments in scalable product companies. This venture capital firm focuses on sectors like digital industry and mobility, digital health, and life sciences. They actively support startups by being the first institutional investors, taking on high risks, and working closely with founders. Endiya Partners is known for its hands-on “operator VC” approach, leveraging its team’s experience as entrepreneurs and operators to provide strategic guidance and operational support to portfolio companies. 

Headquarters: India 

Investment Geography: India, USA, Israel, Singapore

Operating since: 2015

Stages: Seed,Pre-Series A

Investment Focus: Digital Transformation, HealthTech, Digital Health, Diagnostics, Wellness, AI, ML, IoT, Electric Mobility, CleanTech, Semiconductors, Enterprise Software, FinTech, CyberSecurity, FoodTech

Number of investments: 58

Number of exits: 6

Check size: $500k – $5m

Notable investments: Cure.fit, Darwinbox

Founders/Key People: Ramesh Byrapaneni, Sateesh Andra

Website: https://endiya.com 

Incubate Fund India

Incubate Fund, originally from Japan, is a prominent seed-stage venture capital firm that expanded its operations to India in 2016 under the name Incubate Fund India, now rebranded as Incubate Fund Asia. With over 200 startups in its investment portfolio across Japan and other parts of Asia, the fund focuses on pre-seed and seed-stage startups, providing hands-on support and mentoring derived from extensive experience with startup successes and failures.

Headquarters: India.

Investment Geography: India, United States.

Operating since: 2016

Investment Focus: Mobility, Enterprise Software, Gaming, eSports, TravelTech, HRTech, PropTech, EdTech, FinTech, InsurTech, HealthTech, Marketplaces.

Stages: Pre-Seed, Seed.

Number of investments: 32

Number of exits: 5

Check size: $100K – $5M

Notable investments: Yulu, PlumHQ

Founders/Key People: Emiko Shiinoki

Website: https://www.incubatefund.in/

Inflection Point Ventures

Inflection Point Ventures (IPV) is a prominent angel investing platform based in India, designed to support startups through their journey to success. IPV prides itself on creating a vast network of CXO-level professionals, offering a viable alternative for investments, and ensuring transparency throughout the investment process. Although the specific statistics regarding capital raised, deals invested, number of investors on the platform, and follow-ons/exits were not displayed during my viewing, IPV’s commitment to these aspects is clear.

Headquarters: India.

Investment Geography: India, United States, Singapore, Australia, United Kingdom.

Operating since: 2018

Investment Focus: Consumer, E-Commerce, EdTech, F&B, FinTech, Gaming & Social, HealthTech, HRTech, Logistics, Mobility, SaaS/Software, Sports & Fitness, Virtual Assistance.

Stages: Pre-Seed, Seed, Series A, Series B.

Number of investments: 203

Number of exits: 6

Check size: $1M – $10M

Notable investments: Otipy, Phable.

Founders/Key People: Vinod Bansal

Website: https://ipventures.in/

Iron Pillar

Iron Pillar is a venture capital firm that offers growth capital to tech entrepreneurs, primarily in the Series B/C/D stages, focusing on businesses with significant revenue and strong unit economics. Established with offices in Bangalore, Mumbai, Dubai, and Palo Alto, the firm specializes in mid to late-stage technology investments, targeting the consumer tech and enterprise SaaS sectors in India.

Headquarters: India

Investment Geography: India, United States, Spain.

Operating since: 2015

Investment Focus: EdTech, Conversational AI, FoodTech, E-commerce, Enterprise Software, Fashion, Jewellery, Sensors, Pharmaceuticals, Consumer Tech.

Stages: Pre-Seed,Seed, Series A, Series B+.

Number of investments: 32

Number of exits: 2

Check size: $5m – $15m

Notable investments: Servify, Uniphore

Founders/Key People: Ashish Shah, Anand Prasanna

Website: https://ironpillarfund.com/

Kalaari Venture Partners

Kalaari Capital is a venture capital firm focused on early-stage technology investments, emphasizing startups at the Seed and Series A stages. Founded in 2006 and based in Bengaluru, India, it has $650 million in assets under management. The firm is dedicated to empowering visionary entrepreneurs who are developing unique solutions that significantly impact how Indians live, work, consume, and transact. Kalaari Capital operates with a mission to create deep, long-term partnerships with founders, assisting them through the challenges of building their ideas into successful enterprises.

Headquarters: India

Investment Geography: India, United States, Singapore

Operating since: 2006

Investment Focus: E-commerce, Internet, HealthTech, FinTech, EdTech, Mobile, Digital Media, Social Media, E-commerce Enablers, Enterprise Software, Tech-enabled Services, Media & Entertainment, Retail, CleanTech, AgTech.

Stages: Pre-Seed, Seed, Post-Seed, Series A, Series B+.

Number of investments: 247

Number of exits: 28

Check size: $500K – $5M

Notable investments: Workday, Dream11

Founders/Key People: Rajesh Raju

Website: https://kalaari.com/

Pentathlon Ventures

Pentathlon Ventures is a venture capital firm focusing on early-stage B2B SaaS companies. They are particularly interested in tech startups that offer innovative, customer-validated solutions. Their investments span various sectors such as e-commerce, enterprise digital transformation, health tech, fintech, and sustainable tech. The firm, based in India, plays a significant role in the country’s startup ecosystem, which is the third-largest in the world. They offer not only capital but also expertise and ecosystem support to help companies scale their businesses. Pentathlon Ventures is known for its founder-friendly approach, targeting seed-stage companies for investment.

Headquarters: India (Pune)

Investment Geography: India 

Operating since: 2020

Investment Focus: B2B Tech, B2B2C Tech, B2B Software

Stages: Seed, Series A

Number of investments: 28

Number of exits: 0

Check size: $25k – $100k, $350k – $1.2m

Notable investments: Cerebry, Turbo Hire, QuickReply

Founders/Key People: Shashank Deshpande, Gireendra Kasmalkar

Website: http://pentathlon.vc/

SEA Fund

SEA Fund, based in Bangalore, India, is an early-stage venture capital investment firm established in 2018. It empowers startups with financial investments and hands-on advice, mentorship, and strategic planning across various sectors, including technology, health, and education. The fund values passionate, adaptable founders committed to lifelong learning and a contrarian approach to innovation. SEA Fund emphasizes the importance of technology in creating value and is dedicated to supporting startups at the intersection of diverse talents, cultures, and industries.

Headquarters: India (Bangalore)

Investment Geography: India

Operating since: 2018

Investment Focus: Health Care/MedTech, AgTech, Hardware/Internet of Things, FinTech, EdTech, MediaTech/Gaming, E-commerce, Enterprise/B2B Software, Machine Learning

Stages: Seed, Series A

Number of investments: 21

Number of exits: 3

Check size: $100k – $1m

Notable investments: BestDoc, Finsall, GenRobotic

Founders/Key People: Mayuresh Raut, Manoj Kumar Agarwal

Website: https://seafund.in/

SenseAI Ventures

SenseAI Ventures, based in Gurgaon, India, is a venture capital firm established with a focus on artificial intelligence (AI) and machine learning sectors, particularly targeting startups at the seed, early-stage, and later-stage investments. Since its inception in 2018, SenseAI Ventures has been dedicated to partnering with dynamic entrepreneurs aiming to revolutionize the world through AI. The firm prides itself on a founder-friendly and AI-first approach, ensuring startups not only receive capital but also the necessary support, resources, and connections to succeed in the rapidly evolving AI landscape. 

Headquarters: India (Gurgaon, India)

Investment Geography: The AI startup ecosystem within India

Operating since: 2018

Investment Focus: AI, ML, Deep Learning (Enterprise Software, Cloud Infrastructure, TravelTech, Digital Health, Digital Media, Cyber Security, MarTech, InsurTech)

Stages: Seed, Series A

Number of investments: 22

Number of exits: 8

Check size: $100k – $5m

Notable investments: Tripeur, Artivatic, Thirdwatch

Founders/Key People: Rahul Agarwalla, Mehak Sharma

Website: http://www.senseai.ai/

  1. Speciale Invest Ventures

Speciale Invest is a venture capital firm based in India. It focuses on seed-stage investments in deep tech and enterprise technologies. Founded in 2017 by Vishesh Rajaram and Arjun Rao, the firm leverages its combined experience in venture capital, technology, and startups to support entrepreneurs addressing complex engineering challenges.

Headquarters: India

Investment Geography: India, United States, United Kingdom.

Operating since: 2017

Investment Focus: DeepTech Enterprise Software & SaaS (AI/ML, No-Code Low Code, AR/VR, Cloud & Dev Infra, Future of Work), Frontier Tech (Climate Tech and Clean Energy, Electric & Autonomous Vehicles, Space Tech, Robotics, Quantum Computing, Synthetic Biology.

Stage: Pre-Seed, Seed, Series A, Series B.

Number of investments: 51

Number of exits: 6

Check size: $100K – $1M

Notable investments: Newtrace, CynLr

Founders/Key People: Vishesh Rajaram

Website: https://www.specialeinvest.com

Sprout Venture Partners

Sprout Venture Partners is an early and seed-stage venture capital firm that focuses on backing next-generation entrepreneurs, particularly in India. This VC firm is a SEBI registered Category-I Alternative Investment Fund, designed to institutionalize India’s active angel investing market. It is supported by notable first and second-generation entrepreneurs, aiming to collaborate with founders who possess a strong vision, meticulous execution, and the unwavering ambition to solve significant problems by creating scalable businesses.

Headquarters: India

Investment Geography: India, Australia, Singapore.

Operating since: 2016

Investment Focus: Consumer Goods, Logistics, EdTech, Software, E-commerce, Cyber Security.

Stage: Pre-Seed, Seed, Series A, Series B.

Number of investments: 21

Number of exits: 5

Check size: $300K – $500K

Notable investments: Trell, Goals101

Founders/Key People: Sahil Gupta

Website: https://sproutvp.com/

Stellaris Venture Partners

Stellaris Venture Partners is an early-stage, technology-focused, and sector-agnostic venture capital firm based in Bangalore, India, founded in 2016 by Alok Goyal, Rahul Chowdhri, and Ritesh Banglani. The firm prides itself on partnering with businesses across diverse sectors, including SaaS, financial services, B2B commerce, consumer brands, social commerce, education, electric vehicles, and healthcare, aiming to be either the first or the second institutional investor on a startup’s cap table.

Headquarters: India

Investment Geography: India, United States, United Kingdom.

Operating since: 2015

Investment Focus: Enterprise Software, Logistics, Mobility, Consumer Brands, HealthTech, FinTech, AdTech, MarTech, Data Analytics, AI, E-commerce.

Stage: Pre-Seed, Seed, Series A, Series B.

Number of investments: 74

Number of exits: 8

Check size: $500K – $6M

Notable investments: MamaEarth, Whatfix

Founders/Key People: Naman Lahoty

Website: https://www.stellarisvp.com

Titan Capital

Titan Capital is a venture capital firm founded in 2015 and based in Gurugram, India. The firm specializes in investing in companies operating in various sectors, including healthcare technology, financial technology, consumer brand, SaaS, consumer technology, and Web 3. Titan Capital focuses on supporting early-stage startups and has a portfolio of companies, including unicorns. With a global presence, Titan Capital plays a crucial role in the growth and development of innovative startups.

Headquarters: India

Investment Geography: India, United States, Singapore, United Kingdom, Thailand, Malaysia, Australia, Indonesia, Mexico, Trinidad and Tobago, South Korea.

Operating since: 2015

Investment Focus: Consumer Internet, D2C, Consumer Brands, Fashion, Beverages, SaaS, AI, Data Analytics, Computer Vision, E-commerce, Enterprise Software, AgTech, HRTech, FinTech, Logistics, Mobility, Automotive, Digital Media, Gaming, TravelTech, MarTech, FoodTech, Marketplaces.

Stage: Pre-Seed, Seed, Series A, Series B.

Number of investments: 232

Number of exits: 7

Check size: $25K – $250K

Notable investments: Hike, DealShare

Founders/Key People: Kunal Bahl

Website: https://www.titancapital.vc/

Together Fund

Together Fund, based in Bengaluru, India, is an early-stage venture capital firm that recently announced the first close of its second fund, targeting a total corpus of $150 million. The fund aims to support SaaS startups and will start deploying capital in 2024. Together Fund was established by notable founders, including Girish Mathrubootham of Freshworks and Manav Garg of Eka Software, and raised its first fund in July 2021 with a corpus of $85 million.

Headquarters: India

Investment Geography: United States, India, Singapore.

Operating since: 2021

Investment Focus: SaaS, Enterprise Software, Developer Tools, Open Source Software, Cloud-native Infrastructure, APIs.

Stage: Pre-Seed, Seed, Series A, Series B.

Number of investments: 22

Number of exits: 0

Check size: $250K – $3M

Notable investments: UIFlow, TopLyna

Founders/Key PeopleManav Gard, Pratyush Choudhury

Website: https://together.fund

Udtara Ventures

Udtara Ventures is a venture capital firm based in New Delhi, India, established in 2019. The firm focuses on partnering with early-stage founders to build highly scalable businesses that leverage technology and innovation. Udtara Ventures supports a wide array of sectors, including online gaming, compliance tech, payment solutions, deep tech, healthcare, defence tech, fintech, and direct-to-consumer (D2C) ventures.

Headquarters: India

Investment Geography: India, Canada.

Operating since: 2019

Investment Focus: FinTech, EdTech, Data Analytics, E-commerce, SaaS/Software, IT, AgTech, Robotics, Gaming, Consumer Goods, Media & Entertainment, Transport & Logistics.

Stage: Pre-Seed, Seed, Series A, Series B.

Number of investments: 5

Check size: $50K – $1M

Notable investments: Glamyo, RummyBazi

Founders/Key People: Ankit Lakhotia

Website: https://www.udtaraventures.com/

Windrose Capital

Windrose Ventures is a venture capital firm that focuses on creating a positive impact through investment in communities and the improvement of individual lives. Their approach is centered on fostering change and making a transformative impact, specifically targeting startups, small businesses, and non-profit organizations.

Headquarters: India

Investment Geography: India, United States.

Operating since: 2013

Investment Focus: Digital-First Businesses (Consumer Internet, FinTech, Financial Inclusion, Enterprise Deep Tech, Enterprise SaaS/Software).

Stage: Pre-Seed,Seed,Series A, Series B.

Number of investments: 18

Number of exits: 1

Check size: $50k – $2M

Notable investments: Cleardekho, IdeaForge

Founders/Key People: Rohit Goyal

Website: https://www.windrose.capital/

YourNest Venture Capital

YourNest Venture Capital is an early-stage venture capital firm, primarily focusing on nurturing startups in India. Since its inception, the firm has developed a unique approach called “Nurture Capital,” aimed at providing more than just financial support to young and bold founders. This approach includes an enabling ecosystem comprising General & Venture Partners, full-time employees, and a network of advisors and mentors.

The firm engages with startups that have progressed from an idea to a product or service with customer validation. It has been instrumental in the growth of over 150 entrepreneurs and professionals through its investment vehicles, namely YourNest Angel Fund and YourNest India VC Fund II. These investments span various industries including Telecom, IT, E-Commerce, Financial Services, FMCG, and more.

Headquarters: India

Investment Geography: India, United States, United Kingdom.

Operating since: 2011

Investment Focus: Enterprise SaaS/DeepTech (Artificial Intelligence/Machine Learning, Distributed Ledger Technologies,Cloud, Developer Tools,Robotics,Hardware,Industrial IoT,Robotic Process Automation Software,Wearables,Augmented Reality/Virtual Reality/Mixed Reality).

Stage: Pre-Series A,Series A

Number of investments: 75

Number of exits: 5

Check size: $1M – $20M

Notable investments: Miko, Uniphore.

Founders/Key People: Vivek Mansingh

Website: https://yournest.in/

Conclusion

As you reach the end of this list, remember, the journey of finding the right venture capital firm in India is as unique as your startup itself. Each of these top VC firms in India brings something special to the table, with a commitment to not just invest, but to partner and propel forward with you.

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