Family Office Tracker: Here's The List Of 200+ Investors Betting Big On Startups
Over the past decade, the Indian startup ecosystem has undergone a remarkable transformation. With over $150 Bn in funding raised by 2024, India now stands as one of the most vibrant hubs for innovation and entrepreneurship globally.
However, while foreign venture capital (VC) firms and global investors dominated the early stages of this growth, a significant shift is underway. Domestic investors have started to take the reins of investments in the country, with Indian family offices leading the way.
This is happening at a time when the foreign direct investment (FDI) inflow is on a downward spiral. Notably, FDI into India fell more than 16% to $70.9 Bn (about INR 6 Lakh Cr) in FY24, from $84.8 Bn (about 7.2 Lakh Cr) in FY23. Unfortunately, the situation this fiscal does not seem very rosy.
With foreign capital drying up, the spotlight is now on Indian family offices to step up and invest more in the private sector. As vital sources of patient capital, their support is crucial for sustaining the startup ecosystem in these challenging times.
Traditionally focussed on managing real estate, equity and fixed-income portfolios, family offices in India have broadened their horizons to include alternative investments, particularly in startups.
The growing maturity of India’s startup ecosystem, coupled with the rise of IPO-bound ventures, is attracting family offices to startups as investment class.
The increasing interest and participation can also be attributed to factors like millennials and GenZ inheriting family wealth and finding new and interesting investment avenues.
But why is everyone looking at Indian family offices with hope? Well, the sheer reason is that, unlike VCs, they have the heart to invest for the long term, making them a treasure trove of patient capital. This makes them a perfect match for sectors like deeptech, cleantech and semiconductor where research and development take precedence and final products may take several years to disrupt market dynamics.
Besides, family offices come with a deep understanding of the Indian market, consumer behaviour, and regulatory landscape. This allows them to provide not just capital but also strategic guidance to startups.
For instance, Azim Premji’s family office PremjiInvest has backed about 51 startups. Among them are names like Mintifi, GIVA, Purplle and The Sleep Company, which today are well-established ventures. Similarly, Lido Learning, Lenskart, and Easypolicy emerge from the stable of Ronnie Screwvala’s family office, Unilazer Ventures.
While these are just two of the many examples paving the way for the success of new-age tech ventures in the world’s third-largest startup ecosystem, we have decided to compile a list of Indian family offices that are navigating the investment scene in these times of distress.
| Name | Type | Headquarters | Owned/Managed By | Deal Count (Since 2014) |
Notable Startups Backed |
| 1Digi | Single Family Office | Dubai | Raghu Subramanian | 4 |
Actyv.Ai, Kneady Retail Technologies |
| 2M Companies | Single Family Office | Dallas | Morton H. Meyerson | 2 |
Nxcar, Wyl Cards |
| 6G Capital | Single Family Office | Mumbai | The Allana Group | 2 |
Chatfood, Aquaconnect |
| Aakash Emprise | Single Family Office | Delhi NCR | Aakash Choudhary |
Simplilearn, Bombay Shaving
Aarii VenturesSingle Family OfficeMumbaiKothari Family, Ketan Kothari, Priyank Kothari39
<, BluSmart Mobility>
Aarin CapitalMulti Family OfficeBengaluruMohandas Pai26
88Academics, Magic Crate, Faircent
AccompliceSingle Family OfficeBostonJeff Fagnan, Ryan Moore.2
Veera, DefiDollar
ACP Partners Family OfficeSingle Family Office
Faraday Future, Ideanomics
Aditya Vuchi’s Family OfficeSingle Family OfficeHyderabadAditya Vuchi1Exoticamp AG VenturesSingle Family OfficeDelhi NCRArvind Goenka, Akshat Goenka35+
Bira91, Blue Tokai, Neemans, Agnikul Cosmos,
Ajax CapitalSingle Family Office
Your-Space, Jumbotail
AJ CapitalSingle Family OfficeSingaporeAbhinav Jhunjhunwala4
NirogStreet, Jugyah, Zupee
Al Falaj InvestmentSingle Family OfficeAbu DhabiHamdan Al-Ketbi1Maxwholesale Alchemie VenturesSingle Family OfficeMumbaiChandrakant Gogri1Prozeal Infra Almoayed VenturesSingle Family OfficeManamaTalal Almoayed
Raiinmaker, Kuros Biosciences, Diagnostic Robotics, Nanofabrica
Alto Partners Multi Family OfficeMulti Family OfficeSingaporeJim Quismorio10
Jackett, Vouch, Gajigesa
Amaya VenturesSingle Family OfficeSingaporeAmit Khanna, Diya K and Ameera K21
Lxme, Hono, Leverage Edu
Swiggy, Macmerise
Anand Mahindra’s Family OfficeSingle Family OfficeMumbaiMahindra Family1Ahaguru Ananth Narayanan Family OfficeSingle Family OfficeBengaluruAnanth Narayanan8Elda Health Anikarth VenturesSingle Family OfficeKanpurDr. Aarti Gupta29
GenWise, GetePay, Clensta
Unacademy, Miko, Freight Tiger, Easy Eat
Arora Family HoldingsSingle Family OfficeDelhi NCRSurinder Arora1Adrak Artha ImpactSingle Family OfficeZurichAudrey Selian8
Leap Skills, Biosense, Farm Folks Agro
Galaxeye, Purplle, Rapido
Ashok Goel Family OfficeSingle Family OfficeMumbaiAshok Goel2
Renovel Innovations, Shrotra Enterprises Private Limited
Ashok Wadhwa Family OfficeSingle Family OfficeMumbaiAshok Wadhwa3
Grayquest, Hbits
Asit Koticha Family Office
Veera, Tuesday Morning, Vested Finance
B2V VenturesSingle Family OfficeMumbaiBl Taparia17
Cultfit, Miko, Squarefoods
Baksh CapitalSingle Family OfficeSingapore
Healers At Home
Berggruen HoldingsSingle Family OfficeNew YorkNicolas Berggruen3
Ezetap, Gemini Equipment And Rentals
Bhagchandka Family FundSingle Family OfficeMumbaiHarshvardhan Bhagchandka, Raghav Bhagchandka, And Anirudh Bhagchandka1Atlan
Playns Technologies
Black Kite CapitalSingle Family OfficeSingaporePaul Paget1
Thegamingproject
Blue Edge Multi-Family Investment OfficeMulti Family OfficeDelhi NCRSanchita Mukherji1Batx Energies Bodley GroupSingle Family OfficeSt LouisTed Albrecht1Shortlist Boillet Family Office
Isprava, Centricity, Melorra, Quickwork, Reliable Records
BVC Ventures Family OfficeSingle Family OfficeMumbaiBhavik Chinai4
Aznog Technologies Limited, Lawrato.Com,
Heads Up For Tails
CatamaranMulti Family OfficeBengaluruN.R.Narayana Murthy30
Innoviti, Udaan, Aequs, Acko
Cello Family OfficeSingle Family OfficeMumbaiPradeep Rathod1Zepto CeniarthSingle Family OfficeSan FranciscoDiane Isenberg2Kheyti Chhatisgarh InvestmentsSingle Family Office
Escrowpay, Vaibhav Jewellers
Chiripal GroupSingle Family OfficeAhemdabadVed Prakash Chiripal, Jyotiprasad Chiripalal2
Grew Energy, Shanti Developers
Chokhani Family OfficeSingle Family OfficeMumbaiKrishna Chokhani1Vphrase Chona Family OfficeSingle Family OfficeMumbaiAnkit Chona9
Neuron Energy, Hocco, Gramophone, Mokobara
Explurger, Redcliffe Labs, Leap
Claypond CapitalSingle Family OfficeBengaluruRanjan Pai3
Easy Home Finance, Healthifyme, GrayQuest
Conscience Multi Family OfficeMulti Family OfficeChennai
Vipragen Biosciences, Chai Waale
Credence Family OfficeMulti Family OfficeBengaluruMitesh Shah, Ajay Sampath, Nitesh Arora7
Innov8 Coworking, 3Ev Industries, Stockal, Social Swag India
Culture CapSingle Family OfficeFaridabadPeyush Bansal27Traqcheck Das & Co.Single Family OfficeNew YorkLt. Eshwar S. Purandar Das
Shiprocket, Games24X7
Desai Family OfficeSingle Family OfficeAhmedabadMayur Desai4
Simple Energy, Bullspree, Kristal.Ai
DH Venture HoldingsSingle Family OfficeSingaporeAsish Dash3
Trip Ka Baap, Grazing Minds, Pots And Plates
DIG InvestmentSingle Family OfficeÖstermalmNicolas Georges Trad1Ola Dinesh Hinduja Family OfficeSingle Family Office
Rapipay, Nownow, Zapkey, Zerund
Double Peak GroupSingle Family OfficeHong KongGalen Law-Kun1NodeOps Dr. Kulin Kothari Family OfficeSingle Family OfficeMumbaiKothari Family1Setu Nutrition Eragon Family OfficeSingle Family OfficeMumbaiSharan Asher7
Dozee, Veeda Clinical Research, I2Pure
Neo Asset Management
Everblue ManagementSingle Family OfficeNew YorkEric Mindich1Rapido Falguni And Sanjay Nayar Family OfficeSingle Family OfficeMumbaiFalguni And Sanjay Nayar3
Innovist, Flexiloans
Wonderchef Home Appliances, Isprava, Zunroof, Marengo Asia Healthcare
Kaynes Technology India Limited, Syrma Sgs Technology Limited
GSK Velu’S Family OfficeSingle Family OfficeChennaiGsk Velu2
Neuberg Diagnostics
Haldiram’s Family OfficeSingle Family OfficeDelhi NCRAgarwal Family6
Getvantage, Healofy, Autobrix, Batx Energies, Zippee
Purple Style Labs
Altigreen, Social Quotient
Hunch VenturesSingle Family OfficeDelhi NCRKaranpal Singh10
Dolomite Restaurants, The Circle, Myhealthcare, Oceanaire Yachting, Teamonk
Iconiq CapitalMulti Family OfficeSan FranciscoDivesh Makan, Michael Anders, Chad Boeding and Will Griffith
Flipkart, Zetwerk
ICS Family OfficeSingle Family OfficeDubaiRiath Hamed1
Samosa Party Foods
Imaginal SeedsSingle Family OfficeSingaporeSoeren Petersen1Omnivore Innovations Family OfficeSingle Family OfficeBengaluruS.D. Shibulal7
The Samitha Academy, Advaith Foundation
InoventuresSingle Family OfficeMumbaiManish And Richa Choksi1All Things Baby
Cambrian Bioworks
J. Hunt HoldingsSingle Family OfficeAustinJames Hunt1Lkc J&A PartnersSingle Family OfficeDelhi NCRAhmed O.3Oyo, Dozee Jakson Group Family OfficeSingle Family OfficeDelhi NCRSameer Gupta1Jakson Green
Wickedgud, Skillmatics
Jeejeebhoy Family OfficeSingle Family OfficeMumbaithe Jeejeebhoy family3
Dubpro.Ai, Tradingleagues, Grayquest
JJ Family OfficeSingle Family OfficeMumbaiJJ Family2Zouk KA EnterprisesSingle Family OfficeMumbaiPrakash Padukone6
Blue Tokai Coffee Roasters, Frontrow, Atomberg Technology
Ohlocal, Workruit, Recordent
KCKSingle Family OfficeNew YorkNael Kassar1Cars24 KG InvestmentsSingle Family OfficeScottsdale
Nazara Technolgies, Fullife
Kohli VenturesSingle Family OfficeLondonTej Kohli1
Zynergy Projects & Services
Kolte Patil Family OfficeSingle Family OfficePuneRajesh Patil, Naresh Patil, Milind Kolte2Infinitybox, Beco KorysSingle Family OfficeHalleHari Subramanian
Happn, Whatsloan
Lionrock CapitalSingle Family OfficeSingaporeSrihari Kumar13
Agnikul, Hopscotch, Flickstree, Bigbasket
MABSSingle Family OfficeAhemdabadNimish Sanghvi, Hemang Sanghvi, Ketan Sanghvi, Divyang Sanghvi
Nirmalaya, The Healthy Company
Madhu Kela Family OfficeSingle Family OfficeMumbaiMadhusudan Kela2
Spicejet Limited, Servify
Madhuram PapersSingle Family OfficeDelhi NCRPawan Bhatia2
Proxgy, Scrapuncle
Maelstrom Family OfficeSingle Family OfficeHong KongArthur Hayes1Stan Mafatlal Family OfficeSingle Family OfficeMumbaiHrishikesh Mafatlal
Nftically, Avenue Growth
Mahansaria Family OfficeSingle Family OfficeMumbaiAshok Mahansaria, Yogesh Mahansaria12
Insurancedekho, Flexiloans, Grayquest, Just Deliveries(Jd)
Makan Family TrustSingle Family OfficeSan FranciscoDivesh Makan2Cult.fit, Chingari Man CapitalSingle Family OfficeLondonMohamed Mansour7
Freightmango, Collegedekho
The Good Glamm Group, Onesource, Myglamm, Toothsi, Jiraaf
Mankind Group Family OfficeSingle Family OfficeDelhi NCRRamesh and Rajeev Juneja7
Zepto, Batx Energies, Unscript.Ai, D’Chica
Marwah Group Of Family OfficeSingle Family OfficeMumbaiNitin Marwah10
Parkmate, Clensta
Mayur Gupta Family OfficeSingle Family OfficeMiamiMayur Gupta17Prosper Meeran Family TrustSingle Family OfficeKochiNavas Meeran1Shipnext Mehta VenturesSingle Family OfficeCaliforniaSanjay Mehta, Hershel Mehta, Vatsal Kanakiya56
Coindcx, Oobli, Krave Mart, Workclout, Toybox Labs
MEMG Family OfficeSingle Family Office
Pharmeasy, Brij Hotels, Kites Senior Care
Midas CapitalSingle Family OfficeDelhi NCRAshish Baheti, Sarika Baheti1Sova Health Mirabilis Investment TrustSingle Family OfficeBengaluruK Dinesh7
Pilgrim, Intrcity, Railyatri, The Baker’S Dozen
Mithun Sacheti Family OfficeSingle Family OfficeChennaiMithun Sacheti6
Nazara, Arrivae, Ippo Pay
Epigamia, Bankbazaar.Com
MS Dhoni Family OfficeSingle Family OfficeBengaluruMS Dhoni2Centricity MVK Group HoldingsMulti Family Office
Zypp Electric, Pi Beam, Fyn
Narotam Sekhsaria Family OfficeSingle Family OfficeMumbaiNarotam Sekhsaria5
Upgrad, Sid’S Farm, Pilgrim
Navus VenturesSingle Family OfficeMaassluisEduard Meijer, Alexander Van Der Lely, And Joop Ham3Mooofarm Niraj Bajaj Family OfficeSingle Family OfficeMumbaiMinal Bajaj, Niral Bajaj
Symphony, Kalorex, Info Beans
Oak Grove VenturesSingle Family OfficeSingaporeSally Wang1Nodeops Oberoi Family OfficeSingle Family OfficeMumbaiVivek Oberoi1Traqcheck Office Of Harry Banga And Yogesh MahansariaSingle Family OfficeMumbaiHarry Banga And Yogesh Mahansaria
Redesyn, Tracex Technologies, Kahanibox
Patni Family OfficeSingle Family OfficeMumbaiAmit Patni14
The Yarn bazar, Innoviti, BizzTM
Freight Tiger, Rapido, Ola Electric, Exponent Energy
Peugeot Family OfficeSingle Family OfficeParisRobert Peugeot1Livspace Pico CapitalSingle Family OfficeMumbaiAjay Bhartiya9
Vroom, Spotinst, Autoleadstar, Gloat, Tastewise, Chargeafter, Sepio Systems, Niio
Polaris Family Office
Bluestone, Myelin Foundry, Resorcio, People Tree Hospitals
PremjiInvestMulti Family OfficeBengaluruAzim Premji51
Mintifi, Giva, Purplle, The Sleep Company
Verelle Style, Tinker Village
PS Pai & FamilySingle Family OfficeMumbaiP Surendra Pai3Altum Credo Punj Sons Family OfficeSingle Family OfficeDelhi NCRAtul Punj1
Airworks India Engineering
QRG Investment & HoldingsSingle Family OfficeDelhi NCRAnil Rai Gupta11
NewSpace, Awfis Space Solution, Euler Motors
Insurance Samadhan, Neuralgarage
Raintree Family OfficeSingle Family OfficePuneLeena Dandekar, Abha Dandekar And Vivek Dandekar5
Smart Joules, Proklean Technologies, Dunzo
Randev VenturesSingle Family OfficeDubaiChandra Shekhar Randev16
Abcoffee, Emo Energy, 50Fin, Breathe ESG
The House Of Rare, Lenskart, Koo App
Reddy VenturesSingle Family OfficeHyderabadGV Sanjay Reddy, Pinky Reddy11
Cred, Khatabook, Even, Hive, Chipper Cash
Regis And Savoy Capital PrivySingle Family OfficeBengaluru
Frontier Market, Virohan, Aibono, FlyBird Innovations
RMZ Family OfficeSingle Family OfficeBengaluruThirumal Govindraj1Cowrks RNT AssociatesSingle Family OfficeMumbaiLt. Ratan Tata45
Cardekho, Cult.fit, NestAway
Ruttenberg Gordon InvestmentsMulti Family Office
Booboo Games, Charge Zone, Incred
Sachin Tendulkar Family OfficeSingle Family OfficeMumbaiSachin Tendulkar12FirstCry SaganaSingle Family OfficeZurichRaya Papp, Wolfgang Hafenmayer3
Biosense, Varthana, Buddy4Study.Com
Samvardhana Motherson Group Family Office
Newmi, Plutos One
Saswat VenturesSingle Family OfficeKolkataBl Sharma1Talkesport Sattva Family OfficeSingle Family OfficeBengaluruBijay Agarwal4
Credit Fair, Supplynote, O’ Be Cocktails
Select Group Family OfficeSingle Family Office
Purplle, Good Monk, Firstcry, Mcaffeine, The Ayurveda Experience
Shivanssh Holdings LLPSingle Family OfficeBengaluruVikas Poddar1Zlade Siddamsetty Family OfficeSingle Family OfficeHyderabadNitin Siddamsetty3
Blue Tokai Coffee Roasters, Melorra, And Zostel
Burger Singh, Neeman
Smiti Holding & Trading Co.Single Family OfficeMumbaiSohel Khuzem Shikari2
Skillmatics, Smart Express
Spice Money, Explurger
Souter InvestmentsSingle Family OfficeEdinburghSir Brian Souter1
Sapphire Systems
Spark Digital CapitalSingle Family OfficeNew YorkPaul Conway, Santo Politi, And Todd Dagres1Chainswap
Mooev Technolgies, Exposome
SRF Family OfficeSingle Family OfficeDelhi NCRArun Bharat Ram1Melorra Strides Pharma Family OfficeSingle Family OfficeBengaluruArun Kumar1Strides Pharma Subhkam VenturesSingle Family Office
S-Ancial Global Solutions Private Limited, The Hosteller, Bharat Biotech, Miel E- Security, Mpokket
Sun Group GlobalSingle Family OfficeDelhi NCRAnkur Agarwal2
Justgiving, Tiaxa
Sunergy InvestorsSingle Family OfficeIrvineAnkil Lalu1Sunterrace Sunil Kant Munjal Family OfficeSingle Family OfficeDelhi NCRSunil Kant
Bluestone, Atomberg, Noccarc
Sunil Singhania’S Family OfficeSingle Family OfficeMumbaiSunil Singhania2Soleos Survam PartnersSingle Family OfficeDelhi NCRSuman Kant Munjal26
Bharatpe, Blusmart Mobility, Smytten, Atomberg Technology, Rusk Media
Swadharma Source VenturesSingle Family OfficeLucknowThe Sahu Group1Onfinance Ai Swiss Investors Corporation
Vioma Lifesciences (Healwell24)
Tamarind Family Private TrustSingle Family OfficeDelhi NCRThe Mansukhani family
Oto, Grayquest, Fundfina
The Bhagat Family OfficeSingle Family OfficeMumbaiChintan Bhagat1Quadrivia The Bhogilal Family OfficeSingle Family OfficeAhemdabadNirmal Pratap Bhogilal1Setu Nutrition The Bunting Family Private FundSingle Family OfficeMaryland
Awfis Space Solution
Tranzmute CapitalMulti Family OfficeMumbaiNarayan Seshadri1CG Power Trog Hawley CapitalSingle Family OfficeWest Palm BeachAlexandru Monul1Ola Twin & BullSingle Family Office
Alltius, Blacklight Studio Works
Umesh Sanghavi Family OfficeSingle Family OfficeMumbaiUmesh Sanghavi1Sublime Life Unilazer VenturesSingle Family OfficeMumbaiRonnie Screwvala29
Lido Learning, Lenskart, Dailyobjects
Unnati LabsSingle Family Office
Intents Mobi, Deciml
Utsav Somani InvestmentsSingle Family OfficeDelhi NCRUtsav Somani12
Sugar, Loginext, Park+, Arata
Urmin Family OfficeSingle Family OfficeAhmedabadTejas Majithia, Nanubhai V Majithia And Rajendra Nanubhai Majithia1Devx Vans InvestmentsSingle Family OfficeMumbaiSrinivas Chunduru2
Our Better Planet, Snackamor
Cariq, Vitesco Technologies
Vernalis CapitalSingle Family OfficeChennaiBala Chandra1Verofax Limited Vikramaditya Mohan Thapar Family TrustSingle Family OfficeKolkataVikramaditya Mohan Thapar Family2
Burger Singh, Boutique Spirit Brands
Vineet Nayyar Family OfficeSingle Family Office
Vendekin Technologies
Viney Equity Market Llp (Vem)Single Family OfficeDelhi NCRAnant Aggarwal3
Xolopak, Matrix-Geo Solutions, India Sweet House
VM Salgaocar Family OfficeSingle Family OfficeGoaShivanand V. Salgaocar3
Burger Singh, The Cube Club
Volta CircleSingle Family OfficeLondonSuchitra Lohia1Byju’S Vulcan Capital
Teachmint, Lovelocal (Formerly M.Paani)
Waao PartnersSingle Family OfficeAhemdabadPratul Shroff4
Smytten, Ayu Health, Proeon Foods
Wami CapitalSingle Family OfficeDubaiAnisha Ramakrishnan7
Motovolt Mobility, Sourcewiz
Waterfield AdvisorsMulti Family OfficeMumbaiSoumya Rajan1Aye Finance Wolfson Group
Propertyfirst.Com
Workplay VenturesSingle Family OfficeSan FranciscoMark Pincus1Polygon Yamauchi-No.10 Family OfficeSingle Family OfficeTokyoBanjo Yamauchi1Workindia Yukti SecuritiesSingle Family OfficeDelhi NCRAshish Chand12
Infra.Market, Ripplr, Oliveboard, Vital, Atlan
Zed CapitalAarin Capital is a Bengaluru-based proprietary venture fund established in 2011, cofounded by ex-Infosys CFO Mohandas Pai and Ranjan Pai. The firm invests in technology-intensive businesses across sectors such as life sciences, healthcare, education, and other significant India-centric market opportunities.
Since its inception, Aarin Capital has built a diverse portfolio of companies. Notable investments include Vyome Biosciences and EdCast.
In addition to direct investments in startups, Aarin Capital also backs entrepreneurial fund managers whose investment theses align with its core focus areas.
AG VenturesBased in Delhi NCR, the AG Ventures family office was founded in 2022 by industrialist Arvind Goenka and his son Akshat Goenka.
The family office focusses on early and growth-stage investments across sectors such as consumer brands, sustainability, healthtech, and frontier technologies. Since its inception, AG Ventures has built a portfolio of over 40 startups and taken limited partner (LP) positions in more than 10 venture capital funds.
Its portfolio of notable investments includes names like Bira91, Blue Tokai, Neemans, and Agnikul Cosmos.
B2V Ventures is a Mumbai-based single-family office of B L Taparia, the chairman of Supreme Industries. The firm invests across various asset classes, including public equity, private equity, venture debt, structured debt, real estate, and art, both in India and overseas.
B2V Ventures has a diverse portfolio, including one unicorn, Cult.fit. Other notable investments include Cremeitalia, Style Union, Arcatron, Beleqtric, Agnikul, Easy Home Finance, among others. It also partners with various funds to fuel growth opportunities and diversify investments.
Burman Family Holdings is the strategic investment platform of the Burman family, the controlling shareholders of Dabur Group, one of India’s largest FMCG companies.
As of October 2024, Burman Family Holdings invested in more than 40 companies, primarily focussing on early-stage investments in sectors such as enterprise applications, consumer goods, fintech, financial services, and healthtech.
The firm typically engages in seed and Series A funding rounds. Its portfolio companies include Isprava, Centricity, Melorra, Quickwork and Reliable Records.
The leadership team comprises seven members, including two partners: Abhas Gupta and Gaurav Burman.
Gaurav, a fifth-generation scion of the Burman family, serves as a partner at Burman Family Holdings.
Catamaran Ventures is a private investment firm founded in 2010 by N. R. Narayana Murthy, the founder of Infosys, and Arjun Narayanswamy.
The firm manages a significant portfolio across multiple asset classes, including strategic joint ventures, private equity, public equity, and growth-stage venture capital. With a focus on fostering innovation, Catamaran Ventures has made several notable investments in startups across a variety of industries.
Among its investments are Aequs, a contract manufacturer specialising in aerospace and electronics, and Log9 Materials, a company working on lithium-ion battery technology tailored for tropical climates.
The firm has also invested in VerSe Innovation, which owns Dailyhunt and the short-video platform Josh. Other key investments include Udaan and Acko.
Additionally, Catamaran Ventures has been involved with the National Stock Exchange of India and even invested in SpaceX.
Hunch VenturesHunch Ventures, established in 2016 and headquartered in New Delhi, is a family office that invests in early-stage startups across various sectors, including air mobility, fine arts, sustainable food supply chains, and food security.
The firm has made investments in companies such as BLADE India, GoodTimes, and Red Otter Farms. Other notable companies include Dolomite Restaurants, The Circle, MyHealthcare, Oceanaire Yachting, and Teamonk.
Hunch Ventures is led by Karanpal Singh, who serves as the founder and managing director.
Through its strategic investments, Hunch Ventures aims to support visionary founders and contribute to the growth of innovative enterprises across diverse industries.
Survam Partners is the family office of Suman Kant Munjal, a member of the Hero Group and chairman of Rockman Industries. The firm primarily focusses on investments in the technology sector, with a keen interest in areas such as ecommerce, fitness, mobile applications, augmented reality, sports, and consumer electronics, among others.
The firm has a diverse portfolio, which includes names like Hudle, BluSmart Mobility, BharatPe, Atomberg Technology and Rusk Media.
The Pawan Munjal Family Trust serves as the investment arm of Pawan Munjal, the chairman and CEO of Hero MotoCorp. This family office focusses on sectors such as consumer products, transportation, and logistics technology.
As of early 2025, the trust has its investments in companies like Rapido and ShareChat.
It often coinvests alongside firms like Lightspeed India Partners and Alsthom Industries. The trust’s investment activity peaked in 2019, but it generally participates in fewer deals compared to Survam Partners.
In addition to its active investments, the Pawan Munjal Family Trust has achieved several exits, including those in Ola Electric and Vogo.
PremjiInvest, the private investment arm of Wipro founder Azim Premji, was established in 2006 with a focus on long-term investments across diverse sectors, including technology, healthcare, consumer goods, financial services, fintech, and ecommerce. The firm targets both private equity and public market opportunities, primarily in India and the United States.
Over the years, PremjiInvest has strategically backed some of India’s most successful new-age startups. Its portfolio includes Zomato, Udaan, Swiggy, FirstCry, and Lenskart.
Beyond investments, PremjiInvest plays a key role in supporting the philanthropic initiatives of the Azim Premji Foundation, a not-for-profit organisation focussed on improving the lives of underserved communities. The foundation works extensively in education, healthcare, and social development, aiming to create a lasting impact by empowering marginalised groups across India.
Paipal Ventures, founded in 2016 and based in Mysore, is a family office that invests in early-stage startups across various sectors. The firm is sector-agnostic and focusses on partnering with founders who have scalable ideas.
The firm’s investment portfolio includes companies operating in diverse industries such as digital media, fintech, healthcare, and AI.
Paipal Ventures was founded by Ajith Pai, who is also the cofounder and partner at Farmiculture Organics LLP, a leading organic farming company.
The firm supports startups through various stages, including validating strategies, assisting in profitable growth, facilitating scalability, optimising cash flows, and strengthening governance and compliance. Its key investments include ReDesyn, TraceX Technologies and Kahanibox.
Pratithi Investments, established in 2014 and headquartered in Bengaluru, is a private equity firm specialising in late-stage debt and equity investments. Since its inception, the firm has invested in over 100 Indian startups across more than 20 sectors. It has a total assets under management (AUM) exceeding $500 Mn.
The firm’s investment portfolio includes companies such as Lenskart, Cult.fit, and MobiKwik. It has also achieved significant exits, including the IPO of MobiKwik on December 18, 2024.
Pratithi Investments operates with a sector-agnostic approach, primarily focussing on later-stage ventures. Pratithi often co-invests alongside leading institutional investors who share a similar commitment to supporting enterprise growth.
The leadership team at Pratithi Investments includes K C Ganesh as a partner.
Pico CapitalPico Capital is a family wealth management firm operating as a registered non-banking financial company (NBFC). It manages its proprietary capital by investing across various asset classes, including equity, fixed income, real estate, renewable energy and startup funding.
The firm also provides flexible financing via structured debt to companies that are unable to raise capital from traditional sources.
In the private sector, the company has invested in companies like Vroom, Spotinst, Autoleadstar, Gloat, Tastewise, Chargeafter, and Sepio Systems, among others.
Randev Ventures, established in 2018, is the private investment arm of the Randev Family Office, with a presence in India and the United Arab Emirates.
The firm focusses on value investing in early-stage startups across India, Southeast Asia, and the United States. Their investment strategy emphasises capital preservation and growth, with a multi-stage, sector-agnostic approach and a long-term investment horizon.
Randev Ventures invests in sectors such as SaaS, Web3, mobility, B2B, deeptech, sustainability, API, creator economy, XR, and AR. It typically invests in startups at various stages, including pre-seed, seed, and Series A.
A few of the portfolio companies include abCoffee and EMO Energy.
Spectrum Impact is an investment firm cofounded by Rajendra Gogr and Arti Gogr, with a focus on making a positive social impact through investments. The firm specialises in impact investing, targeting opportunities that not only deliver strong financial returns but also foster long-term, sustainable solutions to some of the world’s most pressing challenges.
Spectrum Impact focusses on sectors such as renewable energy, education, healthcare, and financial inclusion, with a particular emphasis on businesses that can create scalable and sustainable solutions to global challenges.
Among the companies it has invested in are Mooev Technologies, Exposome, Atomberg Technologies, EEKI Foods, and HB11 Energy, among others.
Sarcha Advisors is a financing advisory firm established in 2018 by Rohit Chanana, former head of the Hero Enterprise family office.
The firm offers a range of services, including large family realignments, family office consultancy, mergers and acquisitions, joint ventures, buyouts, business building and execution, restructuring, and strategic advisory.
In addition to its advisory services, Sarcha Advisors has made investments in startups such as Stack, a neo-banking platform aimed at automating financial management for millennials, and Financepeer, an education fintech company that provides interest-free loans for school fees.
Sharrp VenturesSharrp Ventures is the investment office of the Harsh Mariwala family, established to manage their proprietary capital. The firm focusses on partnering with unique businesses that have significant growth potential, particularly in sectors such as food and beverages, beauty and personal care, and consumer technology, among others.
The firm’s notable investments include Mamaearth, Nykaa, Zouk, Super Bottoms, Bold Care, Kapiva, CureSkin, etc.
Sharrp Ventures has also achieved several successful exits, including investments in companies like Vyome Biosciences, Wooqer, and Securens.
The firm continues to focus on backing companies that are shaping new-age consumerism in India, leveraging its extensive experience and network to support the growth and success of its portfolio companies.
Unilazer Ventures is a Mumbai-based private equity and venture capital firm founded in 1991 by Ronnie Screwvala. The firm specialises in early and late-stage investments across various sectors, including ecommerce, internet software, information technology, food and beverage, education, fashion, and shopping.
Over the years, Unilazer Ventures has built a diverse portfolio of companies, including Lenskart, ShopClues, DailyObjects, Zivame, and Niki.ai.
The firm has also achieved several successful exits, including ShopClues, InI Farms, and Micro Housing Finance Corporation.
Utsav Somani InvestmentsUtsav Somani Investments is a Delhi NCR-based family office founded and led by Utsav Somani, a well-known angel investor and an early backer of the Indian startup ecosystem. With a focus on backing high-growth technology and consumer ventures, the firm has made over a dozen investments across various sectors.
Utsav brings deep experience from his time as India partner at AngelList and as an active supporter of early stage startups. His family office, incorporated to formalise his investments, targets scalable, product-led companies with strong founding teams.
Notable portfolio companies include Sugar Cosmetics, Loginext, Park+, and Arata. The firm typically invests across seed to Series A stages and supports founders with strategic guidance and network access.
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