Fund selection
Compare AIF fund managers
Start with mandate fit, manager evidence, fees, liquidity and open diligence questions. Rupeia does not label a manager best without a complete, dated comparison methodology.
Read the diligence framework →Fund research
AIF fund research and manager comparison in India.
Research venture capital, private equity and private credit funds by strategy, stage, sector and public evidence. Use the directory to build a shortlist before taking a manager meeting—not as an unsupported ranking of the “best” AIF funds.
VC managers
Venture Capital funds
Managers investing from pre-seed through growth, including sector-specialist and deep-tech strategies.
FundFoundedStageSector
100X
100X.VC
2019
Pre-seed
Generalist
3one4 Capital
2015
Pre-seed to Series A
SaaS, fintech, consumer, digital health
8i Ventures
2019
Seed
Fintech, commerce
A91 Partners
2018
Growth (Series B-D)
Consumer, healthcare, fintech, tech
AAV
Aavishkaar Capital
2001
Seed to growth (impact)
Agri, financial inclusion, climate
Accel (India)
2008
Seed to Series B
SaaS, consumer, fintech, AI
Alpha Wave Global (India Venture)
2020
Early-stage to growth; India technology venture capital
Fintech, consumer technology, marketplaces and enterprise software
Ankur Capital
2013
Early-stage; pre-Series A; Pre-seed to Series A; multiple fund vintages bundled
Deep science, digital transformation, decarbonisation, agritech
Antler (India)
2017
Pre-seed (day zero)
Generalist
Arali Ventures
2019
Pre-seed to seed; multiple fund vintages bundled
Enterprise AI, industrial AI, fintech infrastructure, B2B commerce
Arkam Ventures
2017
Seed to Series B
"Middle India" - fintech, SaaS, AI, aerospace
Aroa Venture Partners
2020
Pre-seed to growth; deep tech
AI and enterprise software, climate and energy, healthcare and spacetech
Artha Venture Fund
2013
Seed to Series A; micro-VC
Fintech infrastructure, applied AI and deep tech, consumer
Athera Venture Partners (ex-Inventus India)
2008
Seed to Series A; multiple fund vintages bundled
Consumer, enterprise, deeptech, Consumer technology
Avaana Capital
2018
Seed to Series A
Climate, sustainability
Avataar Ventures
2019
Growth (SaaS $15M+ ARR)
Enterprise SaaS
Axilor Ventures
2014
Seed and pre-Series A; technology venture capital
Enterprise SaaS, deep tech, healthcare, climate
B Capital (India)
2015
Growth
Fintech, health, enterprise
Beenext (India)
2015
Pre-seed to Series A; India early-stage venture capital
Fintech, SaaS, marketplaces and climate, agritech
Bessemer Venture Partners (India)
2006
Series A or earlier (80%+)
AI services, SaaS, fintech, digital health
Better Capital
2018
Pre-seed to seed; founder-first venture capital
Fintech, consumer technology, AI, software
Bharat Innovation Fund
2018
Seed to Series A; deep-tech venture capital
Healthcare, advanced technology, climate and agriculture
Blume Ventures
2010
Pre-seed to Series A
Consumer, fintech, deeptech, climate
Cactus Partners
2021
Series A to early growth; India technology venture capital
Advanced manufacturing, climate technology, enterprise software and consumer
Campus Fund
2020
Pre-seed to seed
Deep tech, enterprise software, climate and consumer
Centre Court Capital
2023
Seed to early growth
Sports technology, fitness and wellness, gaming and interactive media
Chiratae Ventures
2006
Seed to Series B
Consumer, health, deeptech, fintech
Cornerstone Ventures
2019
Early growth
Enterprise SaaS, B2B software, deep-tech infrastructure
DSG Consumer Partners
2013
Seed (consumer)
Consumer brands, F&B
Eight Roads Ventures (India)
2007
Series A-C
Health, fintech, SaaS
Elev8 Venture Partners
2022
Growth
Fintech, consumer internet, SaaS, B2B platforms
Elevation Capital
2002
Seed to Series B + pre-IPO holdings
Consumer, fintech
Endiya Partners
2016
Seed
Healthtech, SaaS, semiconductors
Epiq Capital
2016
Growth (Series C+)
Tech, consumer
Equanimity Investments
2018
Seed to growth; technology-led venture capital
Fintech, enterprise software, climate and consumer technology
Exfinity Venture Partners
2014
Seed to Series A; early-stage technology venture capital
Deep tech, AI software, B2B platforms, semiconductors
Eximius Ventures
2021
Pre-seed and seed; thesis-driven venture capital
FinAI, enterprise AI, consumer technology, SaaS
Faering Capital
2009
Growth
Consumer, fin services, health
Filter Capital
2019
Growth (tech)
Software, tech services
Fireside Ventures
2017
Seed to Series A
Consumer brands, D2C
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First Cheque
2019
Pre-seed and seed; first institutional cheque
B2B commerce, consumer, fintech, SaaS and deeptech
Flourish Ventures (India)
2019
Seed to Series A (fintech-only)
Inclusive fintech
Fundamentum Partnership
2017
Series B-C (scale-up)
Consumer tech, SaaS
General Catalyst (India)
2000
Seed to growth, multi-stage
AI, health, fintech, defense
Good Capital
2019
Pre-seed to seed; early-stage technology venture capital
Fintech, consumer technology, enterprise software, AI
IAN Alpha Fund
2017
Seed to early growth; technology and deeptech venture capital
Deeptech, climate, healthtech and enterprise technology
India Quotient
2012
Pre-seed / seed
Bharat consumer, fintech, social
Inflexor Technology Discovery Fund III
2015
Seed to Series A; deep-tech and technology-enabled venture
Digital infrastructure, healthcare devices, energy and sustainability
Info Edge Ventures
2019
Seed to Series A
Consumer internet, SaaS
Iron Pillar
2016
Growth (B2B tech)
Cloud, SaaS, AI infra
IvyCap Ventures
2011
Seed to Series B
Consumer, health, deeptech, fintech
Java Capital
2020
Pre-seed to seed; deeptech and hard science
Space and defence, robotics, compute and climate technology
JSW Ventures
2016
Pre-Series A to Series A+; multiple fund vintages bundled
Consumer technology, healthtech, enterprise software, fintech
Jungle Ventures (India+SEA)
2012
Seed to Series B
Consumer, SaaS, fintech
Kae Capital
2012
Pre-seed / seed; Seed to Series A; multiple fund vintages bundled
Consumer, fintech, SaaS, Consumer technology
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Kalaari Capital
2011
Seed to Series A
Consumer, gaming, health
Leo Capital
2018
Seed
SaaS, B2B
Lightspeed (India)
2007
Seed to growth
SaaS, consumer, fintech, AI
Lok Capital
2004
Seed to Series A (impact)
Financial inclusion, health, agri
Lumikai
2020
Seed (gaming)
Gaming, interactive media
Merak Ventures
2022
Pre-seed and seed; early-stage B2B and emerging technology
B2B commerce, enterprise technology, fintech and deeptech
Nexus Venture Partners
2006
Seed to Series B
Enterprise software, AI, infra software, consumer
Norwest Venture Partners (India)
1961
Growth + select early
Fintech, consumer, SaaS, health
Omnivore
2010
Seed to Series B
Agritech, climate, rural
Orios Venture Fund IV
2013
Seed to growth; technology-enabled businesses
Deep tech, climate and energy transition, fintech and B2B platforms
Peak XV Partners
2006
Seed to growth
Consumer, fintech, SaaS, AI
Pentathlon Ventures
2020
Seed to pre-Series A
B2B SaaS, enterprise AI, fintech, healthtech
Physis Capital
2022
Pre-Series A to Series B
Fintech, SaaS and enterprise, consumer and healthtech
pi Ventures
2016
Seed to Series A; deep-tech venture capital
AI and ML, spacetech, robotics, life sciences
Playbook Partners
2023
Growth
Technology, consumer internet, digital infrastructure
Pravega Ventures
2016
Seed to early growth; technology-led venture capital
Fintech, enterprise software, deeptech and climate technology
Prime Venture Partners
2012
Seed
Fintech, SaaS, edtech
Prosus Ventures (India)
1997
Growth / late
Payments, food, edtech, commerce
QED Investors (India/EM)
2007
Seed to growth (fintech-only)
Lending, payments, embedded finance, fintech infrastructure
Quona Capital (India)
2015
Seed to Series B (fintech-only)
Inclusive fintech
Ribbit Capital (India)
2012
Multi-stage (fintech-only)
Consumer fintech, crypto-adjacent
RTP Global (India)
2000
Seed to Series B; technology venture capital
Fintech, SaaS, climate technology and consumer technology
Saison Capital (India)
2019
Seed to Series A
Fintech, embedded finance, B2B platforms, Web3
SamVed Ventures
2024
Seed to Series A; India early-stage venture capital
Fintech, agritech, healthcare and consumer technology
Sauce VC
2019
Pre-seed to growth; Pre-seed to Series A; multiple fund vintages bundled
Consumer brands, food and beverage, personal care, apparel and lifestyle
Shastra VC
2022
Pre-seed to Series A; frontier technology venture capital
Frontier technology, climate technology and AI software
SoftBank Vision Fund (India)
2017
Late stage / growth
Consumer internet, fintech, logistics
Sorin Investments
2022
Early growth
Tech, consumer
South Park Commons India
2024
Pre-idea to seed; India technology venture capital
AI and software, fintech, hardtech and healthcare
Speciale Invest
2017
Pre-seed/seed (deeptech-only)
Space, defense, robotics, semiconductors
StartupXseed Ventures
2015
Seed to early growth; B2B and deep-tech venture capital
Enterprise software, AI and semiconductors, spacetech, climate and industrial technology
Stellaris Venture Partners
2016
Seed to Series A (up to $10M entry)
SaaS, fintech, consumer, AI
Tiger Global (India)
2001
Late stage / crossover
Internet, SaaS, fintech
Titan Capital
2011
Pre-seed / seed
Consumer, fintech
Together Fund
2021
Seed (SaaS)
SaaS, AI-first
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Transition VC
2022
Pre-seed to Series A
Energy transition, industrial decarbonisation, mobility, climate software
TVS Capital Funds
2007
Growth
Fin services, consumer
Unicorn India Ventures
2015
Seed to Series A; multiple fund vintages bundled
Semiconductors, space and defence, robotics, fintech infrastructure
Vertex Ventures SEA & India
2010
Series A-B
Fintech, SaaS, consumer
Warmup Ventures
2023
Pre-seed and seed; technology-focused micro-VC
Deeptech, climate technology, consumer and SaaS
WaterBridge Ventures
2016
Pre-seed to Series A
Consumer, AI, SaaS
Whiteboard Capital
2018
Ideation, pre-seed and seed
Consumer, fintech, B2B commerce and SaaS
Yali Capital
2024
Seed to Series A (deeptech)
Chips, aero, AI, robotics
YourNest Venture Capital
2011
Seed to growth; deep tech; Seed to Series A; Growth-stage secondaries / follow-on venture; multiple fund vintages bundled
AI and quantum computing, spacetech, healthtech and climate technology, AI and deeptech
Z47 (fka Matrix Partners India)
2006
Seed to Series A
Consumer, fintech, B2B
Research paths
Fund selection, returns and private-market deal research.
Returns and fund data
Read fund returns in context
Fund IRR, DPI, TVPI and portfolio valuations answer different questions. Vintage, realised distributions and net-versus-gross reporting must be comparable before performance is ranked.
Explore GP diligence and metrics →Private-market transactions
Research secondaries and co-investments
Secondary deals, continuation funds, co-investments and unlisted shares require transaction-level review. They should not be treated as interchangeable with a diversified AIF commitment.
Understand AIF structures →Investor questions
Common fund-research questions
How should investors choose AIF funds?
Start with the role the allocation must play, the acceptable illiquidity and loss range, and the relevant AIF category. Then compare managers on strategy fit, team attribution, portfolio construction, realised evidence, fees, governance and the unanswered diligence questions in the fund documents.
How can investors compare AIF managers?
Compare managers within the same strategy and a similar vintage. Review who produced the track record, how deals were sourced, how capital was paced, how losses were handled, what was realised in cash and which claims remain manager-reported or unavailable.
How can AIF performance be verified?
Request fund- and vintage-specific reporting that identifies the measurement date, net or gross basis, realised distributions, remaining portfolio value and the valuation policy. Reconcile headline IRR with DPI, TVPI or cash-yield evidence and the relevant audited or administrator-supported documents.
How should fund-manager alignment be assessed?
Review the manager commitment, fee and carry structure, hurdle and catch-up, key-person terms, conflicts, continuation or cross-fund transactions, allocation policy and whether incentives reward durable investor outcomes rather than capital deployment alone.
How should investment-fund fees be compared?
Compare fees on the same base and over the full fund life. Check whether management fees apply to committed or invested capital, how they step down, and how carry, hurdle, catch-up, fund expenses and taxes affect the net investor outcome.