VC Firms in Mumbai
77 VC firms in Mumbai. Venture capital firms invest pooled fund money in startups in return for equity, so they back companies they think can grow very large rather than ones that are merely profitable. Each profile shows the stages and sectors the firm backs; start with the ones that match your stage and sector and ignore the rest.
InnoVen Capital
A venture debt lender that provides non-dilutive loans to venture-backed technology startups in India.
100X.VC
Early-stage Indian VC investing through India SAFE (iSAFE) notes. Its website lists no application form, so see here how founders approach it.
JITO Incubation & Innovation Foundation
JITO's incubation and angel-investment arm in Mumbai, backing early-stage founders through incubation and two angel networks.
Capgemini
Global group whose corporate venture arm makes minority investments in B2B startups, plus a past CSR-focused innovation challenge run with Start-up India.
Avaana Capital
Mumbai and Bengaluru investment firm for deep tech and climate ventures. Co-runs the Startup India Grand Challenge with DPIIT and holds Office Hours for founders.
IDBI Capital
IDBI Bank's investment-banking and securities subsidiary in Mumbai. For startups it manages SEBI-registered funds for Maharashtra-based companies and advises a state scheme for SC/ST founders.
FundEnable
A fundraising ecosystem for startup founders: a capital-raising accelerator, end-to-end round support, and its own capital invested in startups.
NABARD
India's government-owned rural development bank — mostly a wholesaler, with one equity route (AgriSURE) a startup can approach directly.
100Unicorns
Mumbai accelerator and venture capital fund, formerly 9Unicorns, backing startups from idea to seed stage, with applications open all year.
Eaglewings Ventures
Early-stage investor in founders rebuilding established Indian industries across deep tech, logistics and supply chain, enterprise tech and consumption, based in Mumbai.
The Fintech Meetup
A fintech founder community in India that runs events, an affiliated angel fund and a fintech M&A advisory practice.
IvyCap Ventures Advisors
A homegrown Indian venture capital firm, with corporate open-innovation programmes run through its IvyCamp platform.
B2B 1K Ventures
A Mumbai investor that backs early-stage B2B technology startups with branding and marketing support in exchange for equity.
Estrela Global Ventures
Mumbai-based investment group that also runs mentorship programmes for idea-stage founders, early-stage startups and students.
Naman Angels India Foundation
Mumbai angel network and startup support platform that mentors founders and connects them with investors through a deal flow network.
Ankur Capital
Early-stage deep tech venture firm in Mumbai backing scientists and engineers in energy, materials, biotech and agritech. No application form; approach by introduction or email.
A Junior VC (AJVC)
A SEBI-regulated pre-seed venture fund for Indian founders, open to idea-stage and solo teams, with a short application and decisions within weeks.
growX ventures
A venture fund that invests in B2B and deep-tech startups from pre-product to early-growth, with a Pitch to us form and a funding inbox.
NABVENTURES
NABARD's venture capital arm. Its AgriSURE fund invests equity in early-stage agri and rural startups recognised by DPIIT, with no application form: you email the fund directly.
ah! Ventures
Mumbai startup investment platform with First Gear, Angel and High Tables fundraising formats and weekly virtual pitch days.
First Cheque
A Mumbai pre-seed and seed investor writing first cheques into teams at the paper-plan, pre-product and MVP stage across all sectors, with a stated 10-day route from first call to term sheet.
1Crowd
Mumbai early-stage venture fund (SEBI Category I angel funds) backing pre-seed to Series A+ startups across sectors; founders pitch by emailing a short company summary.
Malpani Ventures
A Mumbai micro private equity fund that backs frugal, revenue-generating Indian companies. You pitch by email or the website form.
Equanimity Investments
Mumbai venture capital firm managing SEBI-registered funds that back early-stage Indian startups at seed and pre-Series A, with pitch decks accepted by email.
Anchorage Capital Partners
A Mumbai fund backed by the Sheth family office, investing across sectors in Indian startups from angel rounds up to Series A.
247VC
Seed-stage venture fund working from Mumbai and Delhi NCR, backing 0-1 founders in advanced manufacturing, deep tech, enterprise tech and consumer tech, with a Pitch to Us form.
Boundless Ventures
Mumbai seed fund that backs AI-native founders across software, hardware, consumer and healthtech, and says it prefers to meet teams before they raise.
BLinC Invest
A Mumbai early-stage venture fund backing education, financial services and healthcare and wellness companies, with a Pitch to Us form on its site.
Colossa Ventures LLP
Mumbai-based venture capital manager backing early-stage startups founded or co-founded by women, through its Colossa WomenFirst Fund.
Incubate Fund Asia
A pre-seed and seed venture fund for India and Southeast Asia, the Asian arm of Japan's Incubate Fund, with offices in Mumbai and Bengaluru. Sector agnostic.
Roots Ventures
A Mumbai early-stage, sector-agnostic venture firm with SEBI-registered funds, taking pitches through a contact form and an inbox.
Prath Ventures
Mumbai seed to Series A venture firm for Indian consumer brands and enablers. It leads or co-leads rounds and asks for a warm introduction.
All In Capital
A Mumbai pre-seed and seed venture fund for Indian founders, with an application form, a founder-angel network and portfolio-founder introductions as routes in.
4U Venture Partners
A Mumbai pre-seed and seed venture fund, run by Four U Venture Partners LLP, backing India-first founders in AI, SaaS, consumer tech and frontier tech. It publishes no application form.
CDM Capital
A Mumbai operator-led seed to Series A fund backing India-based founders in fintech, AI-native enterprise and the real economy. Founders can pitch through a form on its site.
Cedar Hill Capital
Mumbai early-stage VC fund backing India-founded AI-first enterprise technology startups for Financial Services, from first enterprise customers up to Series A.
Peak Sustainability Ventures
Mumbai climate venture fund that backs early-stage deep-tech companies in new energy, food systems, water and wider climate across India and Asia.
Rockstud Capital
Mumbai-based, SEBI-registered angel fund investing at Seed to Pre-Series A in manufacturing-led deep-tech: defence, space, advanced manufacturing and climate hardware.
Sharrp Ventures
The Mariwala family's investment office in Mumbai, backing Indian consumer, consumer tech and health tech companies from seed, with a stated pitch route.
Sun Icon Ventures
Mumbai-based Category II AIF that invests in Indian startups from seed to pre Series A across sectors, with an open online pitch form.
2am VC
An India-only venture fund investing at pre-seed and seed, often as a startup's first institutional investor, with offices listed in Mumbai and Bengaluru.
Blue Ashva Capital
A multi-strategy Indian asset manager whose venture arm backs deep tech and impact companies at Pre-Series A and Series B, with a Pitch to Us form on its site.
Cactus Partners
A venture capital firm with offices in Mumbai, Gurugram, Bengaluru and GIFT City, backing early growth-stage Indian companies in advanced manufacturing, technology and consumer.
Centre Court Capital
A Mumbai venture capital fund backing Seed to Series B founders in sports, fitness and wellness, and gaming in India. Founders reach the team through a contact inbox and note form.
GrowthCap Ventures
Mumbai-based, operator-led SEBI-registered Category II AIF backing pre-seed and seed founders in fintech, AI and deep tech across India.
Pegasus India Evolving Opportunities Fund
A Mumbai impact-focused venture fund, run by Pegasus FinInvest, that backs asset-light Indian startups in fintech, healthtech, edtech and cleantech.
PROMAFT Partners
Mumbai venture capital fund, a SEBI Category II AIF, built around product market fit and long-term, hands-on backing of bold founders.
Sorin Investments
Early-stage venture capital firm with offices in Mumbai and Bengaluru, backing founders in fintech, health tech, D2C, consumer tech, B2B tech and AI/SaaS.
Wider lists
Other lists in Mumbai
VC / Investor elsewhere
How to approach VC firms in Mumbai
A venture capital firm invests a fund raised from outside investors, which is why it looks for companies that can return the whole fund: large markets, fast growth and a team that can build it. That is a narrow filter. Many good businesses are not venture-shaped, and for them grants, angels or debt are a better fit than a VC round.
VC firms in Mumbai differ most on stage and sector. Some write the first cheque into a company at seed, some come in at Series A or later, and some only back one theme such as fintech, climate or consumer. Use the stage and sector on each profile to build a short list, and read what the firm has said publicly about what it wants before you write.
Timing and proof matter. A first meeting is easier to get with some evidence in hand: users, revenue, a pilot or a clearly better product. If you are earlier than that, a pre-seed or micro-VC fund, an angel network, or a grant or incubator programme is usually the more realistic first step, and a VC can follow once there is something to show.
The numbers on this page
- 77 of the 220 organisations we list in Mumbai (35%) are tagged "VC / Investor".
- By stage focus, the most common are Seed (28), Growth (16) and Pre-Seed (12).
- By sector, the most listed are FinTech (23), Deep Tech (20) and SaaS (16).
- Many are also tagged Accelerator (7) and Incubator (6), so the same organisation can appear on more than one list.
Before you pitch a VC firm
- Does the firm invest at your stage, or would you be too early or too late for it?
- Does it back your sector, and has it invested in a direct competitor?
- How does it take pitches: a form, a named partner or only introductions?
- What does it usually ask for in return, and does it take a board seat?
- Which founders has it backed, and would they recommend working with it?
- Does it reserve money to invest again in later rounds?
Frequently asked questions
How many VC firms are there in Mumbai?
We list 77 VC firms in Mumbai, out of 220 startup support organisations we list there. The count updates as profiles are added and verified.
How do I approach VC firms in Mumbai?
Start from the profile of each one: confirm it backs your stage and sector, find how it takes pitches (an online form, a named contact or a warm introduction), and send a short note with what you build, who it is for and what you have achieved so far. A focused note to a few good-fit investors does more than a mass mail to all of them.
What stage do VC firms in Mumbai invest at?
It varies by firm. The stage mix shown on this page is counted from the profiles we list; open each firm's profile to see the stages it backs, and shortlist only those that match yours.