Growth equity fund research profile
Filter Capital India Fund I is a dedicated Mumbai-based growth-equity vehicle investing in Indian technology-led businesses from inflection point to industry leadership. Filter’s official fund announcement reports an ₹800 crore final close and a Series B/C focus; the manager’s current portfolio and 2023–2026 updates identify Capillary Technologies, Chalo, Loadshare, THB, M1xchange, R for Rabbit and Nua.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Filter Capital India Fund I uses a growth equity; series b/c; technology-led indian businesses approach across SaaS, tech services, consumer technology, financial and business services.
Current evidence
Filter Capital’s official September 2026 announcement says it co-led Nua’s $50 million Series C. The same current media archive records M1xchange’s July 2026 acquisition of C2FO India and Capillary’s February 2026 SessionM acquisition; the manager’s November 2025 post records Capillary’s public listing.
Strategy
Growth equity; Series B/C; technology-led Indian businesses
Sector focus
SaaS, tech services, consumer technology, financial and business services
AIF structure context
Indian private equity, growth, buyout and many real-asset strategies are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Filter Capital’s official September 2026 announcement says it co-led Nua’s $50 million Series C. The same current media archive records M1xchange’s July 2026 acquisition of C2FO India and Capillary’s February 2026 SessionM acquisition; the manager’s November 2025 post records Capillary’s public listing.
Investor questions
Filter Capital India Fund I is covered in Rupeia's private equity research universe. The current public record describes the strategy as Growth equity; Series B/C; technology-led Indian businesses, with a sector focus of SaaS, tech services, consumer technology, financial and business services. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Filter Capital India Fund I in the reviewed public sources: Capillary Technologies; Chalo; Loadshare; THB; M1xchange; R for Rabbit; Nua. It does not represent a complete current portfolio unless the manager has published one.
Current manager and independent company/news sources show active follow-on financing, a Capillary public listing in 2025, Capillary’s 2026 SessionM acquisition, M1xchange’s 2026 C2FO India acquisition and a 2026 Nua Series C led by Filter. Fund-level audited return metrics are not publicly disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: ₹800 crore ($97 million) final close, announced by Filter Capital on 2024-04-08.. Public terms or access information: Growth-equity strategy; lead/co-lead Series B and C investments; focus on SaaS, technology services and technology-led consumer, financial and business services. Fees, carry, hurdle, term, recycling and withdrawal terms are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Nitin Nayar (Co-founder & Managing Partner); Sumit Sinha (Co-founder & Managing Partner); Zareer Shroff (Managing Director); Ritika Goyal (Principal). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review entry valuation, leverage, governance rights, concentration, execution of the value-creation plan and exit timing. The current open diligence point is: The manager does not publicly disclose audited fund-level net IRR, DPI, TVPI, fees, carry, hurdle, full investment schedule or remaining commitment capacity. Filter reports that Fund I has invested across multiple companies, while exact vehicle-level ownership and allocation by company are not publicly disclosed..
2026-09-07: Filter Capital’s official September 2026 announcement says it co-led Nua’s $50 million Series C. The same current media archive records M1xchange’s July 2026 acquisition of C2FO India and Capillary’s February 2026 SessionM acquisition; the manager’s November 2025 post records Capillary’s public listing.
Next step
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