# Investors based in Ahmedabad (2026 list) > 70 investors based in Ahmedabad, 6% active in the last 12 months. Led by Leapfrog Ventures, Infuse Ventures, Axioma Ventures. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-ahmedabad (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Ahmedabad Updated 7 November 2026 Firms with an address in Ahmedabad. A head office is a fact about the firm; where it invests is on its own page. [See all 70 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-ahmedabad)The top 25 **70** investors on the list *+1* this week **5** cheques in 12 months Too few cheques to tell **$6.5M** median round they joined *-19%* against the market median **6%** wrote a cheque in 12 months **3%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (4) - 1 [Leapfrog Ventures](https://millionrounds.com/fund/leapfrog-ventures) quiet VC firm · India **48** **$8.8M** median round **Oct 2015** last seen - 2 [Infuse Ventures](https://millionrounds.com/fund/infuse-ventures) quiet VC firm · India **8** **$1.1M** median round **Sept 2015** last seen - 3 [Axioma Ventures](https://millionrounds.com/fund/axioma-ventures) quiet VC firm · India **4** **$7.8M** median round **Dec 2019** last seen - 4 [Desai Ventures](https://millionrounds.com/fund/desai-ventures) *Deploying now* Family office · India **3** **$6.5M** median round **Oct 2026** last seen - 5 [Incube Ventures](https://millionrounds.com/fund/incube-ventures) quiet Growth equity · India **3** **$15M** median round **Aug 2015** last seen - 6 [GVFL](https://millionrounds.com/fund/gvfl) *Deploying now* VC firm · India **2** **$390K** median round **Oct 2026** last seen - 7 [IIMA Ventures](https://millionrounds.com/fund/iima-ventures) *Deploying now* Incubator · India **1** **-** median round **Aug 2026** last seen - 8 [Kettleborough VC](https://millionrounds.com/fund/kettleborough-vc) *Deploying now* VC firm · India **1** **$1.3M** median round **Oct 2026** last seen - 9 [AIC-LMCP Foundation](https://millionrounds.com/fund/aic-lmcp-foundation) unknown Incubator · India **none observed** **-** median round **-** last seen - 10 [Adani Green Energy](https://millionrounds.com/fund/adani-green-energy) unknown India **none observed** **-** median round **-** last seen - 11 [Adani Ports](https://millionrounds.com/fund/adani-ports) unknown Corporate VC · India **none observed** **-** median round **-** last seen - 12 [AdaniConneX](https://millionrounds.com/fund/adaniconnex) unknown India **none observed** **-** median round **-** last seen - 13 [Africare Global Business Ventures Pvt Ltd](https://millionrounds.com/fund/africare-global-business-ventures-pvt-ltd) unknown Venture studio · India **none observed** **-** median round **-** last seen - 14 [Ahmedabad IT Angels](https://millionrounds.com/fund/ahmedabad-it-angels) unknown Angel network · India **none observed** **-** median round **-** last seen - 15 [Anaha Innovations](https://millionrounds.com/fund/anaha-innovations) unknown Investment firm · India **none observed** **-** median round **-** last seen - 16 [Antrapreneur The Business Incubator](https://millionrounds.com/fund/antrapreneur-the-business-incubator) unknown Incubator · India **none observed** **-** median round **-** last seen - 17 [Athanor Partners](https://millionrounds.com/fund/athanor-partners) unknown Investment firm · India **none observed** **-** median round **-** last seen - 18 [BAHADURS VENTURE CAPITALS](https://millionrounds.com/fund/bahadurs-venture-capitals) unknown VC firm · India **none observed** **-** median round **-** last seen - 19 [BIA Capital Private Limited](https://millionrounds.com/fund/bia-capital-private-limited) unknown Investment firm · India **none observed** **-** median round **-** last seen - 20 [Capeasy](https://millionrounds.com/fund/capeasy) unknown Venture studio · India **none observed** **-** median round **-** last seen - 21 [Claris Capital Limited](https://millionrounds.com/fund/claris-capital-limited) unknown Investment firm · India **none observed** **-** median round **-** last seen - 22 [Claris Lifesciences](https://millionrounds.com/fund/claris-limited) unknown Corporate VC · India **none observed** **-** median round **-** last seen - 23 [Cognoscent Ventures](https://millionrounds.com/fund/cognoscent-ventures) unknown VC firm · India **none observed** **-** median round **-** last seen - 24 [DevX](https://millionrounds.com/fund/devx-venture-fund) unknown Accelerator · India **none observed** **-** median round **-** last seen - 25 [Entrepreneurship & Venture Capital Club, IIM Ahmedabad](https://millionrounds.com/fund/entrepreneurship-and-venture-capital-club-iim-ahmedabad) unknown VC firm · India **none observed** **-** median round **-** last seen **45 more on this list** All 70 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-ahmedabad) ## The Newest Cheques Rounds this list's investors joined most recently - **24** Oct **[SpectraGaze Systems](https://millionrounds.com/company/spectragaze-systems)** Seed · $390K *Led by* [GVFL](https://millionrounds.com/fund/gvfl) - **14** Oct **[Foundry](https://millionrounds.com/company/foundry)** $1.3M *Led by* [Kettleborough VC](https://millionrounds.com/fund/kettleborough-vc) - **6** Oct **[Blaze Energy](https://millionrounds.com/company/blaze-energy)** Seed · $6.5M *With* [Desai Ventures](https://millionrounds.com/fund/desai-ventures) - **1** Sept **[Ki 13](https://millionrounds.com/company/ki-13)** Seed · $5M *With* [Desai Ventures](https://millionrounds.com/fund/desai-ventures) - **26** Aug **[Brisil Technologies](https://millionrounds.com/company/brisil-technologies)** Pre-seed *With* [IIMA Ventures](https://millionrounds.com/fund/iima-ventures) - **1** Oct **[Nutropy](https://millionrounds.com/company/nutropy)** Seed · $8.1M *With* [Desai Ventures](https://millionrounds.com/fund/desai-ventures) ## Stages This Year 5 rounds - Seed **60%** - Other **20%** - Pre-seed **20%** ## What They Backed Sectors, last 12 months - Aerospace & Space **1** - B2C **1** - Chemicals & Materials **1** - Cleantech **1** - Climate Tech **1** - Deeptech **1** ## Cheques by Quarter Led Joined Q1 25 Q2 25 Q3 25 1 Q4 25 Q1 26 Q2 26 2 Q3 26 3 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Ahmedabad ### Who are the most active investors based in Ahmedabad? By cheques observed, the most active are Leapfrog Ventures, Infuse Ventures, Axioma Ventures, Desai Ventures and Incube Ventures. ### How many investors based in Ahmedabad are there? 70 are on record. 6% made an investment in the last 12 months and 3% have led a round. ### Which stages do investors based in Ahmedabad back? Of the rounds with a named stage in the last 12 months, mostly Seed (75%) and Pre-seed (25%). ### How big are the rounds investors based in Ahmedabad join? The typical (median) round among the leading investors here is $6.5M. ### Which sectors do investors based in Ahmedabad back most? In the last 12 months, mostly Aerospace & Space, B2C and Chemicals & Materials. ### Which investors based in Ahmedabad lead the most rounds? GVFL (1 led) and Kettleborough VC (1 led). ### What have investors based in Ahmedabad invested in recently? Recent rounds include SpectraGaze Systems (Seed, Oct 2026, with GVFL), Foundry (Oct 2026, with Kettleborough VC) and Blaze Energy (Seed, Oct 2026, with Desai Ventures). ### How is this list of investors based in Ahmedabad ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)