# 12 Flags: portfolio, investments and team > 12 Flags is a family office based in India. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/12-flags (Millionrounds; every figure on the page links to its filing or article) India · [Investor](https://millionrounds.com/investors) # 12 Flags No observed cheques. Organisations of this type rarely announce deals, so this says nothing about their activity. Email Family office Unknown New fund $51M, Jul 2026 Seed Series A Series B Consumer Brands Retail Healthcare Follow 12 Flags and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2F12-flags) Cheques on record **No rounds observed yet** A limit of the sources we read, not a finding about the firm. Pitch 12 Flags ## What they do > A unique platform to invest patient capital behind the most promising consumer businesses. From their own website - **Type:** Family office - **Cheque size:** Not stated - **Stages:** Seed Series A Series B - **Sectors:** Consumer Brands Retail Healthcare - **Based in:** Bengaluru, India - **Cold pitches:** Accepted ## The record No rounds observed yet. That is a limit of the sources we read, not a finding about the firm. If it has invested, a round will put it here. [Know a round it was in? Tell us](https://millionrounds.com/corrections?slug=12-flags). ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **4 named** AJ **Anil Joshi** Director of the GP i Filing they signed CM **Conor Michael McNaughton** Director of the GP i Filing they signed RK **Rakesh Kapoor** DIRECTOR i Filing they signed SK **Siddharth Kapoor** Member of Investment Manager i Filing they signed We also hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$20M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** 12 Flags Consumer Fund GP - **SEC number:** CRD 343390 ## What they claim to have backed From their own portfolio page (on their website) **1** of 1 we have independently watched raise [Framer](https://millionrounds.com/company/framer) Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **$51M** raised in Jul 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. **Pitching 12 Flags?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Quick answers about 12 Flags ### What does 12 Flags invest in? 12 Flags says it invests in Consumer Brands, Retail and Healthcare. ### Is 12 Flags investing now? No investments in the last 12 months. ### What kind of investor is 12 Flags? 12 Flags is a family office based in Bengaluru, India. ### How much does 12 Flags manage? About $20M, as gross assets of its private funds (Oct 2026). ### Has 12 Flags raised a new fund? Its latest fund filing with the SEC was in Jul 2026, reporting $51M raised. ### Does 12 Flags take cold pitches? Yes: its own website says it reads unsolicited pitches. ### Where does this information on 12 Flags come from? From public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=12-flags) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=12-flags)