Mumbai's funding scene is full of opportunity for founders, with a healthy mix of new and established venture firms. Many of these investors are actively looking for the next great company to back.
Some firms are especially busy; Venture Catalysts has funded over 440 startups and Z47 has backed more than 280. Others like ah! Ventures and Kae Capital are also quite active, with each making well over 100 investments.
Below is our list of the best 28 VC firms in Mumbai.
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Buy It For $97 $297 →Functioning as an integrated incubator and India's largest early-stage investment platform, Venture Catalysts provides startups with both capital and development support. The firm has backed successful companies like Beardo and BharatPe, and it also fosters an exclusive community for investors to access the startup ecosystem.
| Year Founded | 2016 |
| Founders | Anil Jain, Anuj Golecha, Apoorva Ranjan Sharma, Gaurav Jain |
| Investment Stage | Early Stage |
| Nº of Investments | 443 (227 as Lead Investor) |
| Nº of Exits | 22 |
| Contact | info@venturecatalysts.in / 022-28510071 |
Z47 funds technology startups from seed to early growth, with a focus on companies serving the Indian consumer and global enterprise markets. As an established venture capital firm in India, they help founders build and scale their businesses from the ground up.
| Year Founded | 2006 |
| Founders | Avnish Bajaj, Rishi Navani |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 282 (119 as Lead Investor) |
| Nº of Exits | 22 (4 IPO'd) |
| Contact | 8067680000 |
Kae Capital backs passionate entrepreneurs at the earliest stages, helping transform concepts into growing companies. While sector-agnostic, they have a clear preference for technology-enabled businesses disrupting industries from mobile and e-commerce to healthcare and education.
| Year Founded | 2010 |
| Founders | Sasha Mirchandani |
| Investment Stage | Convertible Note, Early Stage, Late Stage, Seed |
| Nº of Investments | 136 (46 as Lead Investor) |
| Nº of Exits | 17 |
| Contact | info@kae-capital.com / +912261944141 |
With $20 million under management, BdsVC backs early-stage founders across India and global markets who are building companies in AI, SaaS, Fintech, and Climate Tech. The firm’s team of seasoned investors and entrepreneurs provides hands-on mentorship and strategic capital to help these startups scale from seed to growth.
| Year Founded | 2020 |
| Founders | Amit Patel, Deeksha Satija, Neha Gupta, Rajesh Kumar, Shreya Iyer |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 16 (14 as Lead Investor) |
| Nº of Exits | — |
| Contact | partners@bdsvc.com |
Unicorn India Ventures partners with early-stage Indian technology companies that are disrupting traditional sectors or creating new enterprise solutions. The fund provides both capital and hands-on mentorship to help build market leaders, with a portfolio that includes successes like Open and SmartCoin.
| Year Founded | 2015 |
| Founders | Anil Joshi, Bhaskar Majumdar |
| Investment Stage | Convertible Note, Early Stage, Seed |
| Nº of Investments | 83 (63 as Lead Investor) |
| Nº of Exits | 5 |
| Contact | info@unicornivc.com / +91 301 655 4616 |
Focusing on India's consumer market, Sauce.vc provides early-stage funding to promising new brands. Its high-engagement approach connects founders with a network of service partners, helping them navigate the challenges of scaling.
| Year Founded | 2019 |
| Founders | Manu Chandra |
| Investment Stage | Early Stage |
| Nº of Investments | 59 (31 as Lead Investor) |
| Nº of Exits | 2 |
Omnivore backs entrepreneurs building the future of Indian agriculture and food systems through early-stage and seed investments. Their portfolio includes companies working on farmer platforms, precision agriculture, and agri-biotech, with successes like DeHaat and Stellapps.
IvyCap Ventures invests in early to growth-stage startups, connecting them to a vast mentor network from India's premier IIT and IIM alumni. Through this unique ecosystem, they provide capital and guidance to help build enduring companies such as Purplle, Clovia, and BlueStone.
| Year Founded | 2011 |
| Founders | Norbert Fernandes, Vikram Gupta, Vishal Gauri |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 100 (59 as Lead Investor) |
| Nº of Exits | 8 (1 IPO'd) |
| Contact | corporate@ivycapventures.com / +91-22-45050909 |
Backing technology-led startups in India, Avaana Capital provides early-stage and seed funding to founders creating tangible impact. The firm concentrates its investments in climate action, financial inclusion, and consumption for the next half billion internet users.
ah! Ventures runs India's largest fundraising platform for early-stage startups, providing sector-agnostic support for companies raising up to $10 million. The firm gives founders access to its curated network of over 3,000 angel and institutional investors, acting as a major aggregator in the nation's startup ecosystem.
| Year Founded | 2009 |
| Founders | Abhijeet Kumar, Harshad Lahoti |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 175 (98 as Lead Investor) |
| Nº of Exits | 9 (1 IPO'd) |
| Contact | info@ahventures.in |
18 Additional Mumbai VC Firms Worth Pitching
Our top picks represent some of the most active firms, but the funding opportunities in Mumbai run much deeper. The additional firms we've tracked have collectively backed nearly 800 startups and guided over 60 to successful exits. These firms offer a wide range of support for founders at different stages. Here’s a look at the rest of the venture capital firms funding what's next in Mumbai.