Venture investors in Indian startups

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Here is a list of venture funds which make equity investments in India for startups serving the masses

These venture funds invest in early-stage companies which usually means Series A rounds of USD$1,000,000 or more. Occasionally, they will invest smaller amounts, but rarely less than USD$500,000. Also, see list of seed-stage India venture investors >

Aavishkaar* – rural inclusive development
Accion – financial inclusion
Acumen Fund* – agriculture, health, energy, water, housing, education
BlueOrchard – microfinance
Caspian Advisors (Bellwether) – microfinance
Dia Vikas Capital (Opportunity International) – microfinance
Elevar Equity – also manages Unitus Equity Fund – financial services, housing, livelihoods, health
Grassroots Business Fund*
Intellecap – typically incubate and then spin out ventures
Lok Capital – historically microfinance; now broader
MSDF (Michael & Susan Dell Foundation) – urban education, housing, financial services
Oasis/Bamboo Finance — healthcare, energy
Omidyar Network – consumer Internet & mobile, access to capital, government transparency
Omnivore Capital – agriculture technology
Song Advisors – SME companies
Unitus Impact – livelihoods impact
VenturEast – technology, life sciences, health, cleantech

India venture investors – not exclusively focused on startups serving the masses

These are venture investors which sometimes invest in business focused on low-income segment but generally they focus on businesses targeting higher-income customers.

Accel Partners India*
Canaan Partners – invested in Equitas
DFJ – invested in d-light
Helion
 – invested in Shubham
Legatum Ventures
 – invested in Intellecap and Share Microfin
LightSpeed India
Matrix Partners India
 – invested in Waterlife and BASIX
Mayfield
NEA
SeedFund
* – invested in Frontier Markets
Sequoia Capital India – invested in SKS Microfinance, EquitasUjjivan and Glocal
SVB/Saama – invested in Shubham and Vistaar

*also make seed-stage investments in India businesses

If we’ve missed anyone, please let us know.

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