# Ankur Capital: portfolio, investments and team

> Ankur Capital is a vc firm based in India. 5 investments on record, latest Sept 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ankur-capital (Millionrounds; every figure on the page links to its filing or article)

India · [Investor](https://millionrounds.com/investors)

# Ankur Capital

Last cheque observed Sep 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

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Quiet New fund $7.5M, Feb 2021 VC firm

Pre-seed Seed Series A Deep_science Digital Life_sciences

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 5 on record

Since the last cheque **426** days **00** hrs **00** min **00** sec

Median round **$6.0M** Cheque size, as they say **$500K – $5.0M** Rounds led **0 of 5** Mostly in **India, 80%**

Pitch Ankur Capital

## Ankur Capital highlights

- 01 5 rounds on record
- 02 Mostly Seed and Series A: 100% of its rounds

## What they do

> Ankur Capital is an early-stage venture capital firm investing in digital and deep science technologies. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $500K – $5.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Deep_science Digital Life_sciences
- **Based in:** Mumbai, India
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **5 appearances**

- **2025** 1 round
- **Sept** **[Offgrid Energy Labs](https://millionrounds.com/company/offgrid-energy-labs)** Series A · IN · TechCrunch **$15M** With 2 others
- **2019** 1 round
- **Feb** **[Niramai](https://millionrounds.com/company/niramai)** IN · Entrackr **$6.0M** With 3 others
- **2018** 1 round
- **Nov** **[Nirmai](https://millionrounds.com/company/nirmai)** IN · Entrackr **$6.0M** With 3 others
- **2014** 1 round
- **May** **[Swift Shift](https://millionrounds.com/company/swift-shift)** Seed · GB **$1.0M** With 3 others
- **2013** 1 round
- **Dec** **[ERC Eye Care](https://millionrounds.com/company/erc-eye-care)** IN **Undisclosed** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

DB **Deepak Bhatt** Executive Officer i Filing they signed

KN **Krishnan Neelakantan** Director of the Investment Manager (Ankur Fincon Management Pvt. Ltd) i Filing they signed

RS **Rema Subramanian** Director of the Investment Manager (Ankur Fincon Management Pvt. Ltd) i Filing they signed

RV **Ritu Verma** Director of the Investment Manager (Ankur Fincon Management Pvt. Ltd) i Filing they signed

We also hold **17** 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

**3+** funds on file numbered funds in its name

## What they claim to have backed

From their own portfolio page (on their website)

**2** of 34 we have independently watched raise

[Text Link](https://millionrounds.com/company/cropin)[Text Link](https://millionrounds.com/company/offgrid-energy-labs) Responsible Investing Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link Text Link

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

**$7.5M**

raised in Feb 2021

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$6.0M** the round, not its cheque

Led 0 of 5 rounds **0%**

- **Said size:** $500K – $5.0M
- **Sole investor:** Never alone
- **Last cheque:** Sept 2025

Rounds by stage said on their site

- Seed said *1*
- Series A said *1*
- Pre-seed said *-*
- Series B said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Axilor Ventures](https://millionrounds.com/fund/axilor-ventures) 2
- [Binny Bansal](https://millionrounds.com/fund/binny-bansal) 2

**Pitching Ankur Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Ankur Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Axilor Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/axilor-ventures)[**Binny Bansal** Angel **2** rounds together](https://millionrounds.com/fund/binny-bansal)

## Recently backed

The latest companies Ankur Capital put money into.

[**Offgrid Energy Labs** $15M · Sept 2025](https://millionrounds.com/company/offgrid-energy-labs)

## On podcasts

1 episode naming Ankur Capital in the title.

- [The Neon Show](https://millionrounds.com/podcasts/neon-show) 17 May 2020 · 38 min Ritu Verma on why Ankur Capital is betting big on Agritech and Healthcare in india With [Ritu Verma](https://millionrounds.com/person/ritu-verma) Mentions [Ankur Capital](https://millionrounds.com/fund/ankur-capital) Apple Podcasts

## Quick answers about Ankur Capital

### What does Ankur Capital invest in?

Ankur Capital invests most often at Seed and Series A (100% of the rounds on record), in sectors such as Deep_science, Digital and Life_sciences.

### How active is Ankur Capital?

5 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2025.

### What has Ankur Capital invested in recently?

Its most recent investments on record: Offgrid Energy Labs (Series A, Sept 2025), Niramai (Undisclosed round, Feb 2019) and Nirmai (Undisclosed round, Nov 2018).

### How big are Ankur Capital's cheques?

The median round it joins is $6.0M. It says it writes cheques of $500K to $5.0M.

### Does Ankur Capital lead rounds?

Rarely, if at all: none of its 5 investments on record names it as the lead.

### Where does Ankur Capital invest?

Most of the companies it backs are in India (80%) and the United Kingdom (20%).

### Is Ankur Capital investing now?

No investments in the last 12 months; the latest was in Sept 2025.

### Who does Ankur Capital invest alongside?

Most often Axilor Ventures (2 rounds together) and Binny Bansal (2 rounds together).

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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=ankur-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=ankur-capital)
