Several watershed moments have been witnessed in the Indian startup landscape within the past year. Investments in India have grown multitudes faster than any other startup ecosystem; Bain & Company reported a record growth year with VC funding reaching $38.5 billion. The Indian ecosystem value with 44 unicorns being minted, exceeding China’s 42 unicorns. Indian venture capital firms can be credited as the powerful tailwinds that helped startups to progress forward and enabled them to become unicorns. Without the right funding at a critical time, startups might not have the catalyst they need to achieve growth. In this article, we have curated a list of the top venture capital firms in India that are driving investment momentum in India.
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Seed to Early Stage VCs in India
The venture capital firms listed below mostly invest in seed to early-stage VCs in India. However, there are also some VCs that invest throughout all stages, including from Seed up to Series C. All quoted investment ranges are in US Dollars unless otherwise stated.
Founder: Adith Podhar
Year of Inception: 2018
Stage: Pre Seed, Seed
Focus: Consumer, Tech, SaaS, FinTech, Deep Tech
Investment Value: $250,000
Deals (as of 2022): 32
Notable Portfolio: Plum, Strata, Grip, Zuper, Finly, Inai
Founder: Prashanth Prakash and Subrata Mitra
Year of Inception: 1983 (2008 in India)
Stage: Pre Seed, Seed, Series A, Series B
Focus: Cloud, SaaS, Consumer, Enterprise, IT
Investment Value: $250,000 - $35 million
Deals (as of 2022): 49
Notable Portfolio: FlipKart, Freshworks, Chargebee, MindTickle
Founder: SD Shibulal, S Gopalakrishnan, Prof. Tarun Khanna, Srinath Batni, and Ganapathy Venugopal
Year of Inception: 2014
Stage: Seed
Focus: Agritech & Allied, B2B Commerce, Consumer Internet, Cleantech & Waste Management, Enterprise Tech / SaaS EV / Mobility, Fintech / Financial Services, Healthcare / Healthtech / Life Sciences, Supply Chain & Logistics
Investment Value: $500,000 - $750,000
Deals (as of 2022): 111
Notable Portfolio: QuickShift, MedFin, EnKash, Womaniya, Petoo, Lytyfy
Founder: Sasha Mirchandani
Year of Inception: 2010
Stage: Seed, Pre Series A
Focus: Sector Agnostic
Investment Value: ~ $3 million
Deals (as of 2022): 101
Notable Portfolio: 1MG, Healthkart, Nua, Porter, Squareyards, Myntra, InMobi
Founder: Sunil K Goyal, Sanjay Pande, and Girish Shivani
Year of Inception: 2011
Stage: Seed, Pre Series A
Focus: DeepTech, AI, IoT, Robotics, AR/VR/MR, Dev. Tools, Edge Cloud, Digital Products
Investment Value: $1 million - $10 million
Deals (as of 2022): 55
Notable Portfolio: Wiom, Dozee, IonEnergy, Cove IoT (KaHa), TWID (Fashalot)
Founder: Shashank Randev, Sanjay Mehta, Yagnesh Sanghrajka
Year of Inception: 2019
Stage: Seed, Pre Series A
Focus: Technology
Investment Value: $150,000 - $1 million
Deals (as of 2022): 38
Notable Portfolio: Broomees, Pension Box, Pilk, Papa Pawsome, WayFr, Paperplane
Founder: Sateesh Andra, Abhishek Srivastava, and Dr. Ramesh Byrapaneni
Year of Inception: 2015
Stage: Seed, Pre Series A
Focus: Technology, Healthcare, Consumer
Investment Value: ~ $2 million
Deals (as of 2022): 49
Notable Portfolio: Aqua Exchange, Mylo, Expertia.AI, Sugar.fit, Sigtuple, Darwinbox
Founder: Suvir Sujan, Sandeep Singhal, and Naren Gupta
Year of Inception: 2006
Stage: Seed, Series A
Focus: Technology
Investment Value: $100,000 - $15 million
Deals (as of 2022): 315
Notable Portfolio: Zomato, Apollo.io, Growth Book, Delhivery, Unacademy, Snapdeal, Rapido, OLX, Hasura, Urbanic, Zepto
Founder: Vani Kola
Year of Inception: 2006
Stage: Seed, Series A
Focus: Technology
Investment Value: $100,000 - $15 million
Deals (as of 2022): 213
Notable Portfolio: Elevar, Blue Stone, Dubverse, Phable, Samosa Party, Simplilearn
Founder: Thomas J. Davis Jr.
Year of Inception: 1969 (2006 in India)
Stage: Seed, Series A
Focus: Enterprise, Consumer, Human & Planetary Health, Semiconductors, Web 3.0
Investment Value: $7 million - $75 million
Deals (as of 2022): 631
Notable Portfolio: Agnikul, Fourcee, LendingKart, Securens, Simplilearn
Founder: Amit Patni and Rajan Mehra
Year of Inception: 2011
Stage: Seed, Series A
Focus: Internet, Mobile
Investment Value: $2 million - $40 million
Deals (as of 2022): 15
Notable Portfolio: Zopper, Kartrocket, Transerv, Unbxd, UrbanPro
Founder: Dave Richards and Will Poole
Year of Inception: 2012
Stage: Seed, Series A
Focus: JobTech, Healthcare, FinTech, AI, Education
Investment Value: $300,000 - $1 million
Deals (as of 2022): 72
Notable Portfolio: Bandhoo, Masai, Gigforce, Betterplace
Founder: Rehan Yar Khan
Year of Inception: 2013
Stage: Seed, Series A
Focus: Technology, Software
Investment Value: $500,000 - $24 million
Deals (as of 2022): 96
Notable Portfolio: Country Delight, Bolo, Elda Health, ixigo, PharmEasy
Founder: -
Year of Inception: 2008
Stage: Seed, Series A
Focus: Deep Tech, B2B
Investment Value: $100,000 - $750,000
Deals (as of 2022): 55
Notable Portfolio: Advantage Club, Cell Propulsion, Pixxel, MedPay
Founder: Rema Subramanian and Ritu Verma
Year of Inception: 2014
Stage: Seed, Series A
Focus: Digital Technology, Deep Science Technology
Investment Value: $1 million - $25 million
Deals (as of 2022): 56
Notable Portfolio: MyoWorks, ProjectHero, Ibisa, Offgrid Energy Labs
Founder: Anil Joshi and Bhaskar Majumdar
Year of Inception: 2015
Stage: Seed, Series A
Focus: Technology, Consumer, Mobile & Internet, Enterprise & SaaS, Cloud & IT, Services (Outsourcing), Hardware
Investment Value: $60,000 - $1.2 million
Deals (as of 2022): 48
Notable Portfolio: Hubbler, Boxx.ai, Finin, Genrobotics, Inc42
Founder: Amit Singhal and Dhianu Das
Year of Inception: 2020
Stage: Seed, Series A
Focus: Direct to Consumer
Investment Value: $100,000 - $350,000
Deals (as of 2022): 9
Notable Portfolio: Fabriclore, Wall Mantra, Shumee, Raskik
Founder: Neeraj Arora and Samir Sood
Year of Inception: 2010
Stage: Seed, Series A
Focus: Technology
Investment Value: $1 million - $12 million
Deals (as of 2022): 72
Notable Portfolio: Grip, Moglix, Meesho, CureLink, Ivy Homes, Urban Yogi
Founder: Anirudh Damani
Year of Inception: 2013
Stage: Seed, Series A
Focus: Sector Agnostic
Investment Value: $250,000 - $3 million
Deals (as of 2022): 105
Notable Portfolio: Oyo Rooms, InstaSafe, Lyft, Maximojo, Tala
Founder: Kanwaljit Singh and Vinay Singh
Year of Inception: 2017
Stage: Seed, Series A
Focus: Consumer
Investment Value: $2 million - $6 million
Deals (as of 2022): 70
Notable Portfolio: Mamaearth, Boat Lifestyle, Yogabar, Gynoveda, The Baker's Dozen
Founder: Alok Goyal, Rahul Chowdhri, and Ritesh Banglani
Year of Inception: 2016
Stage: Seed, Series A
Focus: Technology
Investment Value: $1 million - $10 million
Deals (as of 2022): 62
Notable Portfolio: Ayu Health, CredFlow, Slintel, Mamaearth, MFine, Vogo
Founder: Pierre Omidyar
Year of Inception: 2004
Stage: Seed, Series A
Focus: Digital Society, Emerging Technology, Education, Financial Inclusion, Cities & Innovation, Property Inclusivity
Investment Value: $1 million - $3 million
Deals (as of 2022): 33
Notable Portfolio: 1MG, Novata, CredFlow, Goodera, HealthKart, iMerit, Vedantu
Founder: Vikram Gupta, Vishal Gauri, Sonia Gupta, Anju Gupta
Year of Inception: 2011
Stage: Seed, Series A, Series B
Focus: Technology, DeepTech, ConsumerTech, HealthTech, FinTech, EdTech, Saas, Enterprise Tech
Investment Value: $500,000 - $35 million
Deals (as of 2022): 59
Notable Portfolio: Purplle, Blue Stone, eShakti, Biryani by Kilo, MiKo
Founder: Avnish Bajaj
Year of Inception: 2006
Stage: Seed, Series A, Series B
Focus: Consumer, Enterprise
Investment Value: $2 million - $100 million
Deals (as of 2022): 188
Notable Portfolio: Country Delight, DSLR Technologies, RocketLane, DailyHunt, GoKwik, Itilite
Founder: Karthik Reddy and Sanjay Nath
Year of Inception: 2010
Stage: Seed, Series A, Series B, Series C
Focus: Technology, AgriTech, B2B Services, BioTech, CleanTech, Commerce, DeepTech, Education, FinTech, Future of Work, Gaming, Healthcare, Media, Mobility, Real Estate, Retail, Social, Software/SaaS, Travel
Investment Value: $500,000 - $1.5 million
Deals (as of 2022): 299
Notable Portfolio: GreyOrange, Turtlemint, Unacademy, Purplle, Cashify, HealthifyMe
Founder: Don Valentine
Year of Inception: 1972 (2006 in India)
Stage: Seed, Series A, Series B, Series C
Focus: AI/ML, Consumer, Cryptocurrency, Enterprise, FinTech, Healthcare
Investment Value: $100,000 - $20 million
Deals (as of 2022): 605
Notable Portfolio: Faaso’s, FreeCharge, Grofers, HealthKart, Practo, Blinkit, Purplle, Meesho, Druva
Founder: Sudhir Sethi and TC Meenakshisundaram
Year of Inception: 2006
Stage: Seed, Series A, Series B, Series C
Focus: Consumer, Media & Technology, Software/SaaS, HealthTech, FinTech, Deep Tech
Investment Value: $4 million - $100 million
Deals (as of 2022): 196
Notable Portfolio: Cloudcherry, eShakti, uSens, Gamer DNA, Bizongo, Bounce, Bytelearn, Flipkart
Founder: Ravi Adusumalli
Year of Inception: 2011
Stage: Seed, Series A, Series B, Series C
Focus: Sector Agnostic
Investment Value: $2 million - $30 million
Deals (as of 2022): 122
Notable Portfolio: Country Delight, Meesho, Sprinto, Mintifi, Acko, BookMyShow
Founder: Ravi Mhatre, Barry Eggers, and Peter Nieh
Year of Inception: 2000 (2007 in India)
Stage: Seed, Series A, Series B, Series C
Focus: Technology, Consumer, Enterprise
Investment Value: $3 million - $140 million
Deals (as of 2022): 141
Notable Portfolio: Setu, Scrut Automation, Rattle, Bhanzu
Founder: -
Year of Inception: 1961 (2007 in India)
Stage: Seed, Series A, Series B, Series C
Focus: Consumer, Enterprise, Healthcare
Investment Value: $1 million - $75 million
Deals (as of 2022): 42
Notable Portfolio: Xyzo, Swiggi, Amagi, Finova Capital
Founder: Sarath Naru and Raghuveer Mendu
Year of Inception: 1997
Stage: Seed, Series A, Series B, Series C
Focus: Technology, Life Sciences
Investment Value: $3 million - $25 million
Deals (as of 2022): 76
Notable Portfolio: Acko, 24 Mantra, Portea, MoEngage
Founder: Eyal Rabinovich
Year of Inception: 1969
Stage: Seed, Series A, Series B, Series C
Focus: Technology, Consumer, Financial Services, Healthcare
Investment Value: $10 million - $100 million
Deals (as of 2022): 61
Notable Portfolio: Oziva, MoEngage, Jiffy.ai, Ekincare, PharmEasy
Founder: Jinesh Shah, Mark Eliad Kahn, Atish Babu
Year of Inception: 2010
Stage: Seed, Series A, Series B, Series C
Focus: AgriFoodTech, Farmer Platforms & FinTech, B2B Agri Marketplace, Farm to Consumer Brands, Precision Agriculture, Post Harvest Technologies, Agrifood Life Sciences
Investment Value: $1 million - $12 million
Deals (as of 2022): 101
Notable Portfolio: Eruvaka, Mitra, Agrim, Krishify
Founder: Ash Lilani and Suresh Shanmugham
Year of Inception: 2012
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Investment Value: $1 million - $15 million
Deals (as of 2022): 65
Notable Portfolio: Blue Stone, Lendingkart, Big Basket, Paytm
Founder: Japan Vyas and Ravinder Vashist
Year of Inception: 2018
Stage: Seed, Series A, Series B, Series C
Focus: Consumer
Investment Value: $1 million - $10 million
Deals (as of 2022): 20
Notable Portfolio: RBL Bank, NSE, Smytten, Accio Robotics, Go Desi,
Founder: Nikhil Vora
Year of Inception: 2014
Stage: Seed, Series A, Series B, Series C
Focus: Consumer
Investment Value: $2 million - $16 million
Deals (as of 2022): 62
Notable Portfolio: Bombay Shaving Company, Cult.fit, Just Dogs, Shop Kirana
Founder: Abhijeet Kumar and Harshad Lahoti
Year of Inception: 2009
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Investment Value: $1 million - $10 million
Deals (as of 2022): 96
Notable Portfolio: Exotel, Testbook, BabyChakra, NewsBytes
Type: Corporate VC
Year of Inception: 2017
Stage: Seed, Series A, Series B, Series C
Focus: Consumer EduTech Enterprise FinTech Frontier Tech Health Tech Logistics PropTech Transportation
Investment Value: $3 million - $250 million
Deals (as of 2022): 407
Notable Portfolio: Flipkart, GoMechanic, Oyo, Grofers
Type: Corporate VC
Year of Inception: 2005
Stage: Seed, Series A, Series B, Series C
Focus: Retail, FMCG, Consumer Durables, Realty, Digital and Mobile, E-Retail, Health & Wellness, Financial Services, Consumer Services
Investment Value: $3 million - $25 million
Deals (as of 2022): 588
Notable Portfolio: MobiKwik, Faasos, SnapDeal, Flipkart
Type: Government VC
Year of Inception: 1999
Stage: Seed, Series A, Series B, Series C
Focus: MSME
Investment Value: $1 million - $30 million
Deals (as of 2022): 54
Notable Portfolio: Bill Desk, SuperZop, OmniActive, Momspresso
Early to Late Stage VCs in India
The venture capital firms listed below invest in early to later-stage VCs in India, including from Series A up to Series C and excluding startups at the Seed stage. All quoted investment ranges are in US Dollars unless otherwise stated.
Founder: Vishal Mehta and Venky Natarajan
Year of Inception: 2002
Stage: Series A, Series B
Focus: Finance, Health, Climate, Agri/Food & Beverages
Investment Value: $4 million - $45 million
Deals (as of 2022): 39
Notable Portfolio: Live Well, Idrishti, Mintifi, Vistaar
Founder: KP Balaraj, Sumir Chadha, SK Jain, and Sandeep Singhal
Year of Inception: 2000
Stage: Series A, Series B, Series C
Focus: Technology
Investment Value: $25 million - $200 million
Deals (as of 2022): 42
Notable Portfolio: Fraazo, CEAT, Astral, Flipkart, IFB, Britannia, Videocon, VMart
Founder: Neeraj Bhargava
Year of Inception: 2011
Stage: Series A, Series B, Series C
Focus: Digital Consumption, Business Services (Social, Mobile, Analytics and Cloud)
Investment Value: $1 million - $30 million
Deals (as of 2022): 26
Notable Portfolio: MedGenome, Pepperfry, OfBusiness, Zivame, Fresh Menu
Founder: Henry Phipps
Year of Inception: 1911 (2006 in India)
Stage: Series A, Series B, Series C
Focus: Software, Technology, Consumer, Enterprise, Healthcare
Investment Value: $50 million -$300 million
Deals (as of 2022): 49
Notable Portfolio: Innoviti, PharmEasy, LivSpace, Pepper Content
Founder: Narayana Murthy
Year of Inception: 2010
Stage: Series A, Series B, Series C
Focus: E-commerce, Technology, Financial Services, Consumer Goods, Healthcare, Education
Investment Value: $2 million - $40 million
Deals (as of 2022): 21
Notable Portfolio: Udaan, NSE, Udemy, Marcellus
Founder: Sandeep Murthy and Siddharth Talwar
Year of Inception: 2014
Stage: Series B, Series C
Focus: Consumer
Investment Value: $5 million - $240 million
Deals (as of 2022): 49
Notable Portfolio: Truecaller, Cityflo, Bombay Shirt Company, PayMate
Type: Corporate VC
Year of Inception: 2000
Stage: Series A, Series B, Series C
Focus: 5G, AI, Automotive, Consumer, Enterprise & Cloud, IoT, XR/Metaverse
Investment Value: $15 million - $105 million
Deals (as of 2022): 18
Notable Portfolio: Boat, Ola, Capillary, FabHotels, Ninjacart
Closing Thoughts on Venture Capitalist Firms in India
As highlighted in this article, India is home to over 800 +venture capital firms, making the selection process challenging. When choosing a VC firm, assess their track record, sector expertise, and investment terms. Ensure alignment between your startup’s vision and the VC’s approach, as partnering often involves some level of decision-making control. Beyond funding, consider the strategic support and industry connections a VC can offer to drive long-term growth. Use this article as a starting point for identifying the right venture capital partner in India.
Find VCs and Angel Investors in nearby countries:
Frequently Asked Questions on Venture Capitalist Firms in India
What are the top venture capital firms in India for early-stage startups?
India has a thriving VC ecosystem, with firms specializing in early-stage funding. Some of the leading venture capital firms for seed and Series A investments include Sequoia Capital India (now Peak XV Partners), Accel, Blume Ventures, Nexus Venture Partners, and Elevation Capital. These firms focus on industries like fintech, SaaS, e-commerce, health tech, and deep tech.
What is the typical funding size offered by venture capitalists in India?
The funding size varies based on the startup stage. Seed funding in India typically ranges between ₹1 crore to ₹10 crore, while Series A investments are between ₹10 crore to ₹100 crore. Growth-stage startups (Series B and beyond) can secure funding between ₹100 crore to ₹500 crore, depending on the sector and scalability.
What sectors are attracting the most venture capital investments in India?
Venture capitalists in India are actively investing in high-growth sectors, including fintech, edtech, health tech, artificial intelligence, SaaS, e-commerce, electric vehicles, and agritech. The rise of Web3 startups, deep tech, and climate-tech ventures has also gained significant investor interest.
How can a startup pitch to venture capital firms in India?
To secure funding, startups should prepare a strong pitch deck covering market opportunity, business model, revenue projections, competitive advantage, and exit strategy. Most venture capital firms in India accept pitch submissions via email, networking events, demo days, and incubator programs like Y Combinator, 100X.VC, and Indian Angel Network.
What is the due diligence process followed by VC firms in India?
Before investing, VC firms conduct rigorous due diligence, including financial audits, legal compliance checks, market validation, founder background verification, and competitive analysis. The process usually takes 4-12 weeks, depending on the funding stage and complexity of the startup’s operations.
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