MPLIER Capital

How to reach the fund

• Email your pitch deck to hello@mpliervc.com when you are ready to raise. The fund says it reads every email, including cold ones with no introduction.
• It says it responds within a week. If you are selected, you present to the founders or general partners, followed by Q&A.
• It says it communicates its interest within 2 weeks after that meeting, and that there is no series of partner or board meetings.

Check fit before you write

• The fund says it invests in early stage SaaS companies at pre-seed, seed or series A. Say clearly which stage you are at and how your product is sold.
• It lists health-tech, ed-tech, fin-tech, e-commerce, social commerce tech, enterprise-tech and B2B subscription software. It prefers not to back B2C start-ups.
• It says the founder-CEO should stay CEO while it is invested, and that it generally avoids companies that have already raised a lot of funding. Be ready to explain your funding history.
• Companies in India, the US and Canada are preferred, although it says it invests anywhere in the world.

What to ask

• The site does not state the fund size, so ask whether it can lead your round or would join one. It says it is fine being the only investor in a round.
• Ask what mentoring and co-investor introductions it would offer for your sector.

MPLIER Capital is an early-stage venture capital fund with its Indian office in the GIFT multi-services SEZ, Gandhinagar, Gujarat. Its site says it focuses on pre-seed, seed or series A companies, and that it invests in 8-10 early stage SaaS start-ups in a year. It is run by three co-founders who are each listed as Managing Partner.

The fund says it invests in tech companies in health-tech, ed-tech, fin-tech, e-commerce and social commerce tech, and also in enterprise-tech and B2B software, APIs and tools with a subscription model. It says it prefers not to invest in B2C start-ups, or in non-software subscription services that have recurring revenue. It also says it needs the founder-CEO to remain the CEO for as long as it is invested, and that it generally does not invest in companies that have already raised a lot of funding.

On geography, the fund says it invests in start-ups located anywhere in the world, with a preference for companies in India, US or Canada, because its partners are located in those regions and find it easier to meet, mentor and help with hiring and further fundraising. It says it is fine being the single investor in a round and does not require co-investors. Its portfolio page lists a mix of Indian and overseas companies, including ApniBus, Betterhalf, Euman Therapeutics and CorrActions alongside US names such as Lockr, Ursa Major and Seals AI.

Beyond capital, the site says founders get access to mentors and advisors, help attracting talent through the fund's network, and help reaching co-investors and bigger funds for later rounds. It says it expects honesty about bad news as well as good, and states a commitment to diversity, equality and inclusion in the teams it backs.

The stated way in is simple. You email your pitch deck to the fund's own inbox when you are ready to raise. The site says every email is read, including ones with no introduction or reference, and that it responds within a week. After that you present to the founders or general partners, with questions to follow. It says it communicates interest to invest within 2 weeks of that meeting and that you will not go through a series of partner or board meetings. No application window or form is published, and the site does not state the size of the fund.