IvyCap Ventures

IvyCap Ventures is a prominent India-focused venture capital firm, headquartered in Mumbai, known for its entrepreneur-centric investment approach. The firm leverages a strong network, particularly among Indian Institutes of Technology (IIT) alumni, to identify and support promising startups. Their investment philosophy emphasizes not just capital infusion but also providing strategic guidance and access to their extensive network to foster growth and innovation within their portfolio companies.

Over the years, IvyCap Ventures has progressively scaled its investment capacity. Their third fund, IvyCap Ventures Trust Fund III, successfully closed at INR 2,100 crore (approximately $250 million USD) in 2023, significantly exceeding its initial target. This substantial capital pool enables the firm to make meaningful investments across various stages of a company's lifecycle. With Fund III, IvyCap Ventures aims to invest in 20-30 companies, primarily focusing on early to growth-stage opportunities, including Series A and B rounds, with a capacity for follow-on investments.

The firm's investment thesis spans diverse sectors, including consumer, healthcare, financial services, SaaS, EdTech, DeepTech, and enterprise technology. They seek out companies with strong management teams, disruptive business models, and significant market potential. Notable companies in their portfolio include Purplle, Bewakoof.com, Clovia, BlueStone, and The Good Glamm Group, demonstrating their track record of backing successful ventures. IvyCap Ventures typically deploys initial cheques ranging from $5 million to $15 million, reflecting their commitment to providing substantial early-stage capital to help companies scale.