
Breathe Capital
An early-stage venture fund registered with SEBI as an AIF, backing India-based tech companies from the formation round up to Series A. Founders reach it through a pitch form.
How to apply to Breathe Capital
Before you pitch
- Check you fit the stated stage: the site says formation round up to Series A, for tech-centric companies based in India.
- Show early traction. The site names usage, engagement, retention and customer feedback as signals it looks for.
- Be ready to explain your unit economics and what stops a competitor catching you, such as network effects or technology moats.
- Have an exit story. The site asks for a path to IPO, M&A or a secondary sale within four to seven years of investment.
How to reach them
- Use the Pitch to us form on the Breathe Capital site. It says it will respond as soon as possible and needs no follow-ups from you.
- The contact page also lists a general inbox on the firm's own domain, but that is shown as the investor relations address, so use the pitch form for a pitch.
- No intake window, deadline or fund size is published. Ask in your first message rather than assuming.
About Breathe Capital
Breathe Capital is an early-stage venture capital firm that invests in technology-centric companies based in India. Its own site describes the aim as building an early-stage investment platform for India. The fund vehicle is called Breathe Capital India Fund and the footer shows a SEBI registration number as an alternative investment fund.
Stage, sectors and geography
Breathe Capital says it invests from the formation round right up to Series A. It says it looks to invest six to eighteen months before a Series A round. The sector stance is open: it calls itself sector agnostic, with a market that has a clearly verifiable total addressable size. For geography, its investment criteria list India. Its portfolio overview also speaks of backing companies in India and South East Asia, so ask the team how it treats a company that is based elsewhere.
What it looks for
The site lists eight investment considerations: geography; founder experience, meaning domain expertise and a unique understanding of the market; partner quality, meaning co-investors with real expertise or tangible corporate partnerships; the sector and market; early traction such as usage, engagement, retention and customer feedback; scalable unit economics; speed to competitive barriers such as network effects and technology or operational moats; and an identifiable exit path through IPO, M&A or a secondary sale within four to seven years of investment. In its overall pitch it also names founder pedigree and a significant market.
How it sources and evaluates
Breathe Capital says it finds companies through a community driven scout programme, data-driven outreach and a partner network. It says it evaluates them with a proprietary assessment tool, founder interviews and workshops, focused due diligence and sector expert input. It also mentions co-investment opportunities and pro rata rights, and an ecosystem carry for its network.
Support beyond capital
The site lists a community and network offer, including access to a contact database, founder and community spaces, talent development and expert workshops. Ancillary services cover hiring, basic accounting support with auditors and tax filings, and hot desks and meeting rooms in major cities, starting with New Delhi and Singapore. It also lists capital raising and M&A advisory, financial reporting and portfolio tracking, and an insights and media programme for founders.
How to reach Breathe Capital
The site has a Pitch Us section that links to an online pitch form, and says: please complete the form and we will respond as soon as possible, with no follow-ups needed from your end. It does not publish a deadline, an intake window or a fixed application process, so treat the form as a way to be seen rather than a guaranteed review. A general contact inbox for investor relations is listed on the contact page and in the footer, and the contact page says the firm covers India, the UK and Singapore.
Who runs it
The team page lists two co-founders and partners, one based in India and one in Singapore. The site does not name portfolio companies in its visible text, and it does not state a fund size or typical cheque size, so check those directly before you pitch.
Who they work with
Stage
Sectors
Tags
The team
Zubin Mehta
Co Founder & Partner
Shauraya Bhutani
Co Founder & Partner
Frequently asked questions about Breathe Capital
What is Breathe Capital?
Breathe Capital is a venture capital investor based in New Delhi, Delhi.
What does Breathe Capital do?
Breathe Capital is an early-stage venture capital firm that invests in technology-centric companies based in India. Its own site describes the aim as building an early-stage investment platform for India.
Where is Breathe Capital located?
Breathe Capital is based in New Delhi, Delhi, India.
What sectors does Breathe Capital support?
Breathe Capital works with startups in Technology and Sector Agnostic.
What stage of startup does Breathe Capital support?
Breathe Capital supports startups at the Pre-Seed, Seed and Series A stages.
How do I apply to Breathe Capital?
- Check you fit the stated stage: the site says formation round up to Series A, for tech-centric companies based in India. - Show early traction. The site names usage, engagement, retention and customer feedback as signals it looks for. - Be ready to explain your unit economics and what stops a competitor catching you, such as network effects or technology moats. - Have an exit story.
Who runs Breathe Capital?
Zubin Mehta (Co Founder & Partner) and Shauraya Bhutani (Co Founder & Partner).
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