IN44 Capital

How to reach the firm

• Fill in the Startup Application Form linked from the Get in Touch page.
• You can also write to the startups inbox, startups@in44capital.com.
• The site gives no deadline and no response time, so keep talking to other investors while you wait.

Before you apply

• The firm invests only in Tech B2B: products whose end customers are organisations. A consumer product will not fit.
• It states the stage as Seed to Pre-Series A. Open with what you have built and who your organisational customers are.
• Read the portfolio page to see the kinds of companies it backs, including hardware and deep tech.

What to check

• The firm says it invests through a single entry via an SPV or a direct cap table with a power of attorney. Ask how that would work for your cap table.
• It says its deal assessment includes an investment committee call with its internal team. Ask what the next step is after the form.

IN44 Capital is a Chennai angel investment syndicate that backs early-stage Tech B2B startups. Its site describes Tech B2B as any solution, hardware or software, where the end customers are organisations, and says the firm partners with startups aiming to disrupt unexplored market niches or white spaces in that space. It calls itself one of the initial backers and says it focuses exclusively on Tech B2B companies.

The Our Approach page sets out the criteria. The segment is tech-enabled B2B businesses, with sub-segments of SaaS, Deep Tech, AI/ML, Web3, Blockchain, Hardware and others. It is sector agnostic within that segment, and the stage is Seed to Pre-Series A. The platform is an Angel Investment Syndicate, and the investment structure is a single entry via an SPV or a direct cap table with a power of attorney. The firm describes itself as patient capital, and says its operating team commits some of its own money alongside the syndicate.

On process, the site says a deal is first evaluated by an internal investment evaluation team, followed by an internal investment committee call with all the internal team members, and that its deal assessment follows a VC structure with external committees and ongoing operational reviews. It also says that, unlike typical angel syndicates, it invests in every deal it brings. After investing, it says each portfolio company receives 3-5 mentors, plus market connections through its network members.

The portfolio page lists six companies across electric propulsion for aviation, confined-space cleaning robots, logistics software, consumer insights software, controlled-environment cold storage and drug delivery devices, labelled Seed or Pre-Series A. That mix shows the firm backs hardware and deep tech as well as software.

There is one stated way in for founders: a Startup Application Form linked from the Get in Touch page, and a startups inbox on the firm's own domain. The site publishes no deadline, response time or selection calendar.