Best Venture Capital Firms in India in 2024 for Entrepreneurs

Best Venture Capital Firms in India in 2024

In the dynamic world of entrepreneurship, venture capital (VC) firms serve as pivotal catalysts, fueling the ambitions of visionary startups and driving innovation forward. In India, a rapidly evolving hub of technological and entrepreneurial prowess, the role of venture capital cannot be overstated. From nurturing early-stage ideas to scaling transformative businesses, these firms play a crucial role in shaping the country’s startup ecosystem.

This article explores some of the leading top venture capital firms in India that have not only invested in promising startups but have also become synonymous with success and innovation. By delving into their strategies, success stories, and impact on the entrepreneurial landscape, I uncover what sets these firms apart and why they are integral to India’s journey towards becoming a global innovation powerhouse.

Here’s a list of the top 15 venture capital firms that have been instrumental in shaping India’s startup landscape.

1) Blume Ventures

Blume Ventures has invested in and helped startups looking to solve Indian problems uniquely. Their VC firm is willing to support Indian founders throughout their journey, from starting up to scaling up.

Details of Blume Venture:

• Founders of Blume Venture: Karthik Reddy and Sanjay Nath in 2010.
• Location: Unit 1, Jetha Industrial Compound, Opposite Nirmal Park, Byculla East, Mumbai, Maharashtra.
• Sectors in which Blume Venture invests are B2B Services, Commerce & Consumer Brands, Commerce Enabler, Consumer Services, Consumer Tech, Deep Tech, Ed Tech, EV & Mobility, FinTech, Healthcare, Horizontal Saas, HRTech, Infrastructure Saas & Dev Tools, Logistics, Media Entertainment & Gaming, Real Estate, SMB & Vertical SaaS.
• The investment stages of Blume Venture are the early and growth stages. Also, they invest in IPOs and unicorns.
• Funds: They have three types of funds, they are Fund i (check ranges from $200k-$300k), Fund ii (check ranges from $400k-$750k), and Fund iii (check ranges from $750k-$2.3M).
• The total fund raised by Blume Venture is $290M.
• Invested Startup Locations: Bengaluru, Canada, Chennai, Delhi NCR, Hyderabad, INDIA, Mumbai, Pune, Singapore, UAE, USA, UK, Vijayawada.
• Total number of investments made by Blume Venture is 406.
• Some top investments made by Blume Venture are Wify, Ethereal Machines, Euler Motors, Cashify, Dunzo, Instamojo, and many more.

Visit the official website of Blume Venture HERE.

2) ​​Kalaari Capital

​​Kalaari Capital is an early-stage, technology-focused venture capital firm. They are baking entrepreneurs to build unique solutions that reshape the way Indian People live, work, consume, and transact. Their main mission is to create deep long-term partnerships with founders through the challenges of building their ideas into successful enterprises.

Details of Kalaari Capital:

• Founders of Kalaari Capital: Vani Kola and Rajesh Raju in 2006.
• Location: Bangalore, India.
• Sectors in which Kalaari Capital invests are information technology, mobile, healthcare, software products and services, e-commerce, media, climate technology, consumer, and clean technology sectors.
• The investment Stages of Kalaari Capital are Seed & Series A.
• The Cheque Size of Kalaari Capital is $500k-$5M.
• The total Fund Raised by Kalaari Capital is $850M.
• The total number of startups funded by Kalaari Capital is 110+.
• Some top investments of Kalaari Capital are Active.ai, Aeria, BlueStone, Snapdeal, Cashkaro, Agrim, and many more.

Check the official website of Kalaari Capital HERE.

3) Matrix Partners

Matrix Partners is an early-stage VC firm in India targeting companies in the Indian consumer and enterprise market. They invest in companies primarily targeting the Indian market. They are looking for the best and brightest founders and teams.

Details of Matrix Partners VC firm:

• Founders of Matrix Partners: Avnish Bajaj, and Rishi Navani in 2006 June 1.
• Countries in which Matrix Partners invests are India, the USA, and China.
• Location: Mumbai, Maharashtra, India.
• Matrix Partners investment sectors are ConsumerTech, B2B Commerce, Enterprise, Fintech, and others.
• Investment Stages of Matrix Partners are Seed, Series A, Series B, Series C, Series D, and other investments.
• Total number of investments made by Matrix Partners is 227.
• The total fund raised by Matrix Partners is $721M.
• Some popular investments of Matrix Partners are Razorpay, OfBusiness, Clounine, OneCard, Dailyhunt, Dukaan, LimeRoad, Jupiter, and many more.

Their website is HERE.

4) Nexus Venture Partners

Nexus Venture Partners is a venture capital firm baking extraordinary founders in building product-first companies. They primarily focus on enterprise software companies in the US and digitally-powered businesses within India.

Some important details of Nexus Venture Partners:

• The founders of Nexus Venture Partners were Naren Gupta, Sandeep Singhal, and Suvir Sujan in 2006.
• The countries in which Nexus Venture Partners invests are India, the US, China, Canada, Singapore, and others.
• Location: Menlo Park, California, United States.
• The investment sectors Nexus Venture is looking for are Enterprise Applications, Consumer, Enterprise Infrastructure, Artificial Intelligence – Industry Applications, FinTech, Retail, and Others.
• Investment Stages of Nexus Venture Partners are Series A, Seed, Series B, Series C, Series D, Series E, and Others.
• Total number of investments made by Nexus Venture Partners is 357.
• The total funds raised by Nexus Venture Partners is $2.6B.
• The Cheque size of Nexus Venture Partners is from $100k to $10M.
• Some popular investments of Nexus Venture Partners are  Apollo, Zepto, Hasura, Minio, H2O.ai

Visit their official website HERE.

5) 3one4 Capital

3one4 Capital is an early-stage VC firm in India ranked among India’s top-performing VC firms. Their organization is designed on the fundamental principles of Deliberate Specialization, Goal-driven Cooperation, and unyielding bias towards action. The team of 3one4 Capital is the youngest in Indian venture capital today, with an average age of around 28 years.

Important Details of 3one4 Capital:

• Founders 3one4 Capital Pranav Pai and Siddarth Pai in 2015.
• Location of 3one4 Capital Bangalore, Karnataka, India.
• Countries in which 3one4 Capital invests are India, the United States, and Singapore.
• The investment Sectors of 3one4 Capital are Enterprise Applications, Consumer, FinTech, Retail, Transportation and Logistics Tech, Artificial Intelligence – Industry Applications, and Others.
• The investment stages of 3one4 Capital are Seed, Series A, Series B, Conventional Debt, and Series C.
• The total funds raised by 3one4 Capital is $518.5M.
• The total number of investments 3one4 Capital has made is 203.
• A cheque size of 3one4 Capital is $500k-$7M.
• Popular investments of 3one4 Capital are Open, Drawinbox, Licious, Jupitar, KuKuFM, Urban Health and many more

Check their official website HERE.

6) Elevation Capital

Elevation Capital previously known as SAIF Partners is an early-stage VC firm in India. They are curious to know about the founder’s vision from day one so it’s never too early to reach them. They help founders in all aspects to build a successful company.

Some important details about Elevation Capital:

• The founder of Elevation Capital: Ravi Adusumalli in 2011.
• Location: Gurgaon, Haryana, India.
• They prefer to invest globally.
• Investment sectors Elevation Capital looks for are consumer brands, consumer technology, enterprises, SaaS, logistics, and B2B.
• The investment stages of Elevation Capital are the seed-stage, early stage, and later-stage.
• The total fund raised by Elevation Capital is $670M.
• Elevation Capital made 152 total number of investment.
• The cheque size of Elevation Capital is from $2M to $5M.
• Top investments by Elevation Capital are Swiggy, Paytm, Urban Company, Meesho, Unacademy, First-Cry, Spinny, XpressBees and many more.

You can check their official website HERE.

7) Sequoia Capital

Sequoia Capital is a venture capital firm in India, they have been helping founders for five decades. They help companies from idea to IPO and beyond.

Details of Sequoia Capital:

• Founder of Sequoia Capital: Aadit Palicha, chaloem khompitoon, Constantinos Cleanthous, Don Valentine, and  W. M. Coughran in 1972.
• Location: Menlo Park, California, United States.
• Countries in which Sequoia Capital invests are the United States, China, India, Israel, Germany, Singapore, and Others.
• Sectors in which Sequoia Capital invests are energy, financial, enterprise, healthcare, internet, and mobile industries.
• The investment stages of Sequoia Capital are Crowdfunding, Early Stage, Initial Coin Offering, Late Stage, post IPO, and Seed.
• The total fund raised by Sequoia Capital is $35.1B.
• The total investment made by Sequoia Capital is 2561.
• The cheque size of Sequoia Capital is from $500k to $1M.
• Some top investments made by Sequoia Capital are NVIDIA, Reddit, YouTube, Apple, Airbnb, DoorDash, PayPal, SpaceX and many more.

Their official website is HERE.

8) Norwest Venture Partners

Norwest Venture Partners is an American venture and growth equity investment firm. They are baking founders by providing ongoing support, guidance, and resources when a founder needs them.

Important details on Norwest Venture Partners:

• Founders of Norwest Venture Partners: Irem Rami, Jeff Crowe, Jon Kossow, Promod Haque, and Sohil Chand in 1961.
• Location: Palo Alto, California, United States.
• Norwest Venture Partners primarily focuses on the USA, INDIA, and Israel.
• Norwest Venture Partners invests in sectors such as Informative Services, Business Services, Financial Services, Consumer Products & Services, Healthcare, Life Sciences, and Biotech.
• The investment stages of Norwest Venture Partners are Convertible Note, Debt, Early Stage Venture, Late Stage Venture, Private Equity, and Secondary Market.
• The total fund raised by Norwest Venture Partners is $15.5B.
• The total number of investments of Norwest Venture Partners is 700+.
• The cheque size of Norwest Venture Partners is from the Early stage($10M-$15M), Smaller investment($1M-$5M), and large investment($25M-$30M).
• Some notable investments of Norwest Venture Partners are  Adaptive Insights, Avetta, Casper, Dairy Queen, Cray Dave, Kendra Scott, Opendoor, Plaid, Spotify, Uber, Talkspace, Udemy, Vuori, Wiliot, and many more.

The official website of Norwest Venture Capital is HERE.

9) 100X.VC

100X.VC is the first VC to invest in early-stage startups using India SAFE Notes.  They are a trusted VC Partner focusing on helping our portfolio companies raise growth capital.

Details of 100X.VC:

• Founder of 100X.VC: Sanjay Mehta, Shashank Randev in 2019.
• Location: Mumbai, Maharashtra, India.
• Countries 100X.VC invests in India, the United States, the Netherlands, Singapore, United Arab Emirates.
• Sectors in which 100X.VC invests are Enterprise Applications, Consumer, High Tech, Artificial Intelligence – Industry Applications, Retail, FinTech, and Others.
• The investment stages of 100X.VC are Seed and Series A.
• The total fund raised by 100X.VC is $23M.
• The total number of investments made by 100X.VC is 161.
• The cheque size of 100X.VC is 1.25 Cr.
• Some investments of 100X.VC are Accio Robotics, Agrigator, Anyway AI, CashBook and many more.

Their official website is HERE.

10) Chiratae Ventures

Chiratae Venture is one of the largest home Grown Venture Capital funds in India. Chiratae Ventures operates at the intersection of technology, innovation, financial returns, ESG, and Impact.

Important details of Chiratae Venture:

• Founders of Chiratae Venture: Manik Arora, Sudhir Sethi, TC Meenakshisundaram in 2006.
• Location: Bangalore, Karnataka, India.
• Countries in which Chiratae Venture invests are India, the United States, Singapore, China, Poland, the United Arab Emirates, and Others.
• Sectors in which Chiratae Venture invests are Mobility, SaaS, Edtech, Consumer-Tech, Health-Tech, Climate-Tech, FinTech, AgriTech, B2B, and DeepTech.
• The investment stages of Chiratae Venture are Early Stage Venture, Late Stage Venture, Seed, and Venture.
• The total fund raised by Chiratae Venture is $1.1B.
• The total number of investments made by Chiratae Venture is 130+ investments with 3 IPO and 8 unicorns.
• The cheque size of Chiratae Venture is from $5M to $15M.
• Some popular investments made by ChIratae Venture are  Myntra, Lenskart, FirstCry, GlobalBees, Hexa Health, Pando, etc.

Their official website is HERE.

11) Indian Angel Network

Indian Angel Network (IAN) Group is the first Angel Investor Network in India and led successful entrepreneurs and investors. They bring angel investors from around the world to invest in start-ups both in the Indian Ecosystem and globally. They are also India’s single largest horizontal platform for early-stage investments.

Details of Indian Angel Network:

• Founders: Alok Mittal, and Padmaja Ruparel in 2006.
• Location: New Delhi, Delhi, India.
• Countries in which IAN invests are India, Canada, the United Kingdom, and the United States.
• Sectors in which Indian Angel Network invests are Consumer, Enterprise Applications, High Tech, Retail, EdTech, Life Sciences, and Others.
• The investment stages of the Indian Angel Network are Convertible Note, Early Stage Venture, Late Stage Venture, Seed, and Venture.
• The total funds raised by the Indian Angel Network is ₹20.5B.
• The total number of investments made by the Indian Angel Network is 225+.
• The cheque size of Indian Angel Network is from $1M to $5M.
• Some popular investments made by IAN are Wow Momo, Ola, Spinny, Zypp Electric, Druva, Eat Club, Truemeds, Sirona, etc.

You can check their official website HERE.

12) Bessemer Venture Partners

Bessemer Venture Partners (BVP) is an American venture capital and private equity firm headquartered in San Francisco. Venture Capital Journal ranked the firm as the 8th largest venture capital firm based on total fundraising over the most recent five-year period.

Some Details of Besemer Venture Partners:

• The founder of Bessemer Venture Partners was Henry Phipps in 1911.
• Location: San Francisco, California, United States.
• Countries in which Bessemer Venture Partners invest are the United States, India, Israel, the United Kingdom, Canada, Germany, and Others.
• Sectors in which Bessemer Venture Partners invest are AI & ML, Biotech, Cloud, Consumer, Crypto, Cybersecurity, Data, Deep Tech, Developer, Fintech, Healthcare, Marketplaces, and Vertical software.
• The investment stages of Bessemer Venture Partners are Early Stage Venture and Late Stage Venture.
• The total fund raised by Bessemer Venture Partners is $14.3B.
• The total number of investments made by Bessemer Venture Partner is 1398.
• The cheque size of Bessemer Venture Partner is from $1M to $50M.
• Some popular investments made by Bessemer Venture Partners are Perplexity, Perfios, MaintainX, Restaurant365, DeepL, Canva, Cashify, Fiverr, Ola, Olx, Perplexity, Pinterest, Shopify, Swiggy, Wix, Zapier, etc.

Check their official website HERE.

13) India Quotient

India Quotient is an Indian venture capital firm that invests at the paper stage with as much conviction as the founders have a handful of customers. This has enabled many of their founders to skip the angel round. They have been doing the same thing for the last 14 years.‍

Some Details of Indian Quotient:

• The founders of Indian Quotient were Anand Lunia and Madhukar Sinha in 2012.
• Location: Bangalore, Karnataka, India.
• Countries in which Indian Quotient invests are India and The United States.
• Sectors in which Indian Quotient invests are Consumer, Enterprise Applications, Retail, Artificial Intelligence – Industry Applications, FinTech, Media & Entertainment, and Others.
• The investment stages of the Indian Quotient are Early Stage Venture and Seed.
• The total fund raised by Indian Quotient is $185.7M.
• The total number of investments made by Indian Quotient is 191.
• The cheque size of the Indian Quotient is from $250k to $1.25M.
• Some popular investments made by Indian Quotient are ShareChat, Sugar, Lendingkart, Vyapar, Dhiwise, Frnd, etc.

Check their official website HERE.

14) Fireside Ventures

Fireside Venture is a Venture Capital firm in India who are passionate about brands that delight their consumer and make the world a better place. They support founders across every single business area, whether in the form of mentorship, codified knowledge, or guides and playbooks.

Some important details of Fireside Venture:

• The founders of Fireside Venture are Kanwaljit Singh and Vinay Singh.
• Location: Bengaluru, Karnataka, India.
• Fireside Venture primarily invests in India only.
• Sectors in which Fireside Venture invests are Consumer, Retail, Consumer Goods, Food and Agriculture, Food and Agriculture Tech, HealthTech, and Others.
• The investment stages of Fireside Venture are Early Stage Venture, Late Stage Venture, Secondary Market, Seed, and Venture.
• The total funds raised by Fireside Venture is 3000 Cr.
• The total number of investments made by Fireside Venture is 101.
• The cheque size of Fireside Venture is from Rs7 crore to Rs14 crore.
• Some notable investments made by Fireside Venture are InnerHour, Slurrp Farm, Nat Habit, The Sleep Company, etc.

Check their official website HERE.

15) Lightspeed Venture Partners

Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends.  Lightspeed has eleven offices globally and as of 2023 had approximately US$25 billion in assets under management.

Some important details of Lightspeed Venture Partner:

• The founders of Lightspeed Venture Partners were Barry Eggers, Christopher Schaepe, Peter Nieh, and Ravi Mhatre in 2000.
• Location: Menlo Park, California, United States.
• The countries in which Lightspeed Venture Partners invests are the United States, India, Israel, China, the United Kingdom, Germany, and Others.
• The Sectors in which Lightspeed Venture Partners invests are Enterprise Applications, Consumer, Enterprise Infrastructure, Artificial Intelligence – Industry Applications, High Tech, FinTech, and Others.
• The investment Stages of Lightspeed Venture Partners are Early Stage Venture, Late Stage Venture, and Seed.
• The total funds raised by Lightspeed Venture Partners is $18.9B.
• The total number of investments made by Lightspeed Venture Partners is 1411.
• The cheque size of Lightspeed Venture Partners is from $100k to $15M.
• Some top investments made by Lightspeed Venture Partners are Mistral AI, Nexus Laboratories, Pika, Faircado, etc.

Visit their official website HERE.

Conclusion

The venture capital firms highlighted above have played a pivotal role in fueling the growth of India’s startup ecosystem. By providing not just capital but also strategic guidance, operational support, and access to extensive networks, these firms have helped numerous startups navigate the complex journey from ideation to success. As India continues to evolve as a global startup hub, the role of these venture capital firms will only become more critical in shaping the future of innovation and entrepreneurship in the country.

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