Top Venture Capital Firms in India

India, with its burgeoning startup ecosystem and entrepreneurial spirit, has become a global hotspot for venture capital investment. The country is home to a multitude of venture capital (VC) firms that are pivotal in discovering and nurturing the next generation of innovative companies.

These firms provide crucial funding, mentorship, and strategic guidance across diverse sectors such as technology, healthcare, fintech, and consumer services. This article will delve into some of the top venture capital firms in India, examining their investment philosophies, key portfolio companies, and significant contributions to the Indian startup landscape. 

1. Sequoia Capital India

Sequoia Capital India, the Indian arm of the renowned global venture capital firm, has established itself as one of the most prominent and active investors in the region. Since launching its India operations, it has been instrumental in backing companies from the seed stage to IPO and beyond. 

Their investment portfolio spans a wide range of sectors, including technology, consumer, and healthcare, making them a versatile and influential player. A testament to their impact is their early backing of some of India's most successful startups. 

Sequoia Capital’s portfolio includes unicorns like Byju's, the ed-tech giant; Zomato, the popular food delivery platform; and Oyo Rooms, a major player in the hospitality sector. Funds like SoftBank and Sequoia’s Surge continue to show confidence in India’s startup ecosystem, particularly in early-stage digital-first ventures.

2. Accel India

Accel, a global venture capital firm, has become a key player in India's early-stage investment landscape since establishing its presence in the country. They target sectors like e-commerce, Software as a Service (SaaS), fintech, and consumer technology. 

They are recognized for partnering with companies at the very beginning of their journey and supporting them through various growth phases. Their portfolio boasts several of India's household names, including Flipkart, the e-commerce behemoth; Swiggy, a leading food delivery service; and Freshworks, a global SaaS company. 

Accel's hands-on approach involves working closely with entrepreneurs to navigate the challenges of scaling a business, offering mentorship and access to a global network of resources.

3. Matrix Partners India

Affiliated with the global Matrix Partners, Matrix Partners India has been an active investor in the Indian market for over a decade. The firm specializes in seed, early-growth stage investments in the consumer and enterprise sectors. They have a strong track record of backing innovative companies and helping them achieve significant scale.

Key investments for Matrix Partners India include Ola, the ride-hailing and electric vehicle company; Razorpay, a leading payment gateway; and Practo, a comprehensive healthcare platform. 

Matrix is among those capital partners that recognize the importance of scalable sustainable businesses and capital investments with a long-term view.

4. Nexus Venture Partners

Nexus Venture Partners is a prominent India-U.S. venture capital firm that invests in a wide array of sectors including technology, consumer services, and business services. Their priority is both early and growth-stage startups. Their investment strategy often involves backing companies that can support the "India advantage" to cater to global markets.

Notable companies in their portfolio include Postman, a popular API platform; Delhivery, a leading logistics and supply chain services company; and Druva, a data protection and management company. Nexus Venture Partners is a strong example of how venture partners' early-stage investor model works successfully across borders. 

5. Kalaari Capital

Kalaari Capital is a venture capital firm investing in technology-led businesses operating out of Bengaluru. 

They have a founder-friendly approach, offering not just capital but also mentorship and support to help startups scale. Their investment strategy includes sectors like IT, mobile, healthcare, SaaS, and e-commerce.

Kalaari Capital has been instrumental in the success of several well-known Indian startups, including Dream11, Cure.fit, and Snapdeal. As one of the standout capital firms in India 2025, they have become known for backing startups in the early stages and helping them thrive.

6. Blume Ventures

Established in 2010, Blume Ventures has carved a niche for itself as a top 20 venture capital firm aiming on early-stage ventures in India They are known for investing in seed and pre-series A funding rounds, often backing unconventional ideas and first-time entrepreneurs.

Their diverse portfolio covers sectors such as AI, fintech, agritech, and SaaS. Some of their successful investments include Unacademy, an online learning platform; Dunzo, a hyperlocal delivery service; and GreyOrange, a global robotics company. 

Blume Ventures provides extensive support to its portfolio companies, helping them with product development, market-entry strategies, and follow-on funding.

7. Elevation Capital (formerly SAIF Partners)

Elevation Capital, formerly known as SAIF Partners, is one of India's leading and most respected venture capital firms. Since its inception, it has been a key player in the Indian startup story, aiming on early-stage investments in sectors like consumer tech, financial services, and B2B SaaS. 

The firm is known for its long-term partnership approach, often being the first institutional investor in a company and supporting it through subsequent growth stages. With a deep understanding of the Indian market, Elevation Capital has a remarkable track record of backing companies that have become market leaders. 

Their portfolio is a testament to their foresight and includes iconic startups such as Swiggy, the food delivery giant; Paytm, a pioneer in digital payments; and MakeMyTrip, a leader in online travel. Elevation is often grouped alongside funds like SoftBank and Sequoia’s, which have bolstered investments in India over the last decade.

8. Chiratae Ventures

Chiratae Ventures, previously known as IDG Ventures India, is a technology-driven venture capital firm that has partnered with Indian entrepreneurs for more than 15 years. Hailing from Bengaluru, the firm invests in early and growth-stage companies across a wide range of technology sectors, including consumer tech, software/SaaS, fintech, and health tech. 

They are recognized for their deep domain expertise and a robust support system for their portfolio companies. Chiratae Ventures has played a crucial role in the success of many prominent Indian startups. 

Their impressive portfolio includes companies like Lenskart, a leading eyewear retailer; Myntra, a major fashion e-commerce platform; and CureFit, a comprehensive health and wellness platform. The firm is known for its active mentorship, helping founders scale their businesses and navigate the complexities of the market.

9. Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm with a significant and active presence in India, where it has been investing for over a decade. The firm supports entrepreneurs from seed to growth stages and has an expansive investment approach that spans technology-driven businesses in sectors like e-commerce, fintech, and SaaS. 

Their global network provides Indian startups with invaluable access to international markets and expertise. Lightspeed's Indian portfolio features some of the country's most valuable and disruptive startups. 

They have been instrumental in the growth of companies like Byju's, the ed-tech behemoth; OYO Rooms, a global hospitality company; and Udaan, a B2B trade platform. Lightspeed continues to be a major force in empowering the next wave of innovation in the region.

10. Indian Angel Network (IAN)

The Indian Angel Network (IAN) operates a unique and powerful model as the country's single largest platform for seed and early-stage investments. It is not a traditional VC fund but a network of hundreds of angel investors, comprising successful entrepreneurs and dynamic CEOs, who invest their own capital. This hands-on approach provides invaluable support to first-time entrepreneurs.

Founded in 2006, IAN is sector-agnostic and invests in a wide range of industries, including technology, healthcare, and retail. The network's process allows entrepreneurs to get quick feedback and access to a vast pool of experience. 

IAN's goal is to foster and develop the startup ecosystem by providing the critical resources needed at the very beginning of a company's journey, making it a foundational pillar of India's entrepreneurial landscape.

11. 3one4 Capital

3one4 Capital is an early-stage venture capital fund from Bengaluru, founded in 2015–2016. The firm works with technology-led ventures across digital health, fintech, consumer internet, enterprise SaaS, and emerging deep-tech categories.

Their inaugural fund (2016 vintage, ~$12 million) delivered strong returns and fully returned capital to sponsors, with unrealised gains projected at 4x, thanks to wins like Darwinbox (58× multiple), Licious, Tracxn, Pocket Aces, and Wigzo.
Fund IV, launched via a fund-of-funds strategy, continues their early-stage venture fund model, targeting seed to Series A tech startups across digital health, consumer, and enterprise sectors.
3one4 exemplifies how Indian VC firms are raising capital, delivering exits, and backing deep tech and consumer‑tech innovators with strong early-stage conviction.

12. Stellaris Venture Partners

Stellaris Venture Partners is an early-stage venture fund aimed at backing bold entrepreneurs in sectors such as consumer internet, enterprise software, fintech, and healthcare. The firm is known for its lean but highly strategic investment approach, often working closely with founders from the earliest product-market fit stage.

Their portfolio includes startups like Mamaearth, Whatfix, and Loadshare. As a firm that was founded with the mission to catalyze early-stage venture capital in India, Stellaris Venture Partners stands out for its analytical rigor and founder-first culture.

13. Orios Venture Partners

Founded by Rehan Yar Khan, Orios Venture Partners is a venture capital fund specializing in early-stage tech startups. The firm has been a consistent supporter of consumer-first businesses and has invested in companies like Pharmeasy, Country Delight, and GoMechanic.

Orios is distinguished by its support for Indian founders building for India, often targeting high-growth segments like e-commerce, fintech, and mobility. It has earned a place among the top VC firms in India by providing strong support for valuation capital and market development.

14. Prime Venture Partners

Prime Venture Partners is an early-stage venture capital firm from Bengaluru that combines operational expertise with a founder-first ethos. Co-founded by Sanjay Swamy, Shripati Acharya, and Amit Somani, the firm works primarily with fintech, SaaS, edtech, and healthtech ventures.

With successful investments in startups like MyGate, Quizizz, and KredX, Prime Venture Partners is a go-to venture firm for entrepreneurs seeking hands-on strategic and operational guidance. The firm is aligned with the future of venture capital in India, building resilient companies for long-term growth.

15. IvyCap Ventures

IvyCap Ventures is a uniquely positioned venture capital firm that raises its funds from alumni of India’s premier institutions, particularly the IITs and IIMs. The firm supports tech startups, healthcare ventures, and consumer technology companies with a distinct institutional partnership model.

Their portfolio includes brands like Purplle, Clovia, and Bluestone. As part of India’s venture capital funds ecosystem, IvyCap combines capital with structured mentoring from academic and industry leaders, bridging the gap between academia and entrepreneurship.

16. Lightbox Management

Lightbox Management is a consumer-oriented VC fund from Mumbai that places strong emphasis on product and brand development. The firm backs startups in the consumer internet, lifestyle, and healthcare domains. Its portfolio includes Rebel Foods, Furlenco, and Melorra.

The firm stands out by offering more than just funding. It combines capital with deep strategic involvement, helping founders articulate their brand narrative, design better customer experiences, and scale through creative marketing. 

In a competitive market like India, where startups must fight for visibility and trust, this approach has made Lightbox a go-to investor for entrepreneurs looking to build sustainable businesses that offer more than transactional value.

Let’s Recap: Future of Venture Capital In India

India’s startup ecosystem in 2025 is powered by a dynamic network of venture capital funds, early-stage venture firms, and corporate VC arms. Names like Sequoia, Accel, and Bessemer continue to fuel fintech and consumer-tech growth, while emerging players like Stellaris and 3one4 are defining a new era with their deep involvement and strong returns. 

Specialized investors such as Ankur, Endiya, and Info Edge are bridging gaps in deep-science, health, and digital transformation.

Private Equity List makes this process easier by providing a fast and easy-to-use platform to identify relevant investors for your project. Whether you're a startup in the deep-tech, fintech, or consumer sector, or a VC firm striving to stay ahead, you need to understand the landscape. 

In India, the market is often categorized by investment stage. This knowledge is essential for navigating the space and capitalizing on future opportunities.

Sign up for free today at Private Equity List and find the perfect partner for your business!

Read More

• Venture Capital (VC) Valuation Methods For Startups
• Venture Capital: Advantages and Disadvantages Explored
• Venture Capital Fundraising Process
• Corporate Venture Capital vs Venture Capital: Key Differences

VC Firm Investment: Frequently Asked Questions