# VC firms based in India (2026 list) > 1,309 VC firms based in India, 10% active in the last 12 months. Led by IDG Ventures, Blume Ventures, Kalaari Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/vc-firms-based-in-india (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # VC firms based in India Updated 7 November 2026 VC firms headquartered in India. [See all 1,309 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fvc-firms-based-in-india)The top 25 **1,309** investors on the list *+2* this week **361** cheques in 12 months *+4%* against the market **$4.3M** median round they joined *-47%* against the market median **10%** wrote a cheque in 12 months **6%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (18) - 1 [IDG Ventures](https://millionrounds.com/fund/idg-ventures) quiet VC firm · India **393** **$65M** median round **May 2019** last seen - 2 [Blume Ventures](https://millionrounds.com/fund/blume-ventures) *Deploying now* VC firm · India **225** **$5M** median round **Nov 2026** last seen - 3 [Kalaari Capital](https://millionrounds.com/fund/kalaari-capital) *Deploying now* VC firm · India **142** **$5.5M** median round **Oct 2026** last seen - 4 [iSeed](https://millionrounds.com/fund/iseed) *Deploying now* VC firm · India **118** **$2.6M** median round **Sept 2026** last seen - 5 [Matrix Partners India](https://millionrounds.com/fund/matrix-partners-india) *Deploying now* VC firm · India **109** **$10M** median round **Oct 2026** last seen - 6 [IAN Group](https://millionrounds.com/fund/ian-group) *Deploying now* VC firm · India **108** **$1.3M** median round **Aug 2026** last seen - 7 [3one4 Capital](https://millionrounds.com/fund/3one4-capital) *Deploying now* VC firm · India **92** **$6.2M** median round **Oct 2026** last seen - 8 [9Unicorns](https://millionrounds.com/fund/9unicorns) *Deploying now* VC firm · India **91** **$4.4M** median round **Oct 2026** last seen - 9 [SBXi Fund](https://millionrounds.com/fund/sbxi) *Deploying now* VC firm · India **81** **$1.4M** median round **Jul 2026** last seen - 10 [India Quotient](https://millionrounds.com/fund/indiaquotient) *Deploying now* VC firm · India **79** **$4M** median round **Nov 2026** last seen - 11 [SAP Ventures](https://millionrounds.com/fund/sap-ventures) quiet VC firm · India **78** **$12M** median round **Oct 2013** last seen - 12 [CapitalOven](https://millionrounds.com/fund/capitaloven) *Deploying now* VC firm · India **77** **$750K** median round **Jan 2026** last seen - 13 [DeVC](https://millionrounds.com/fund/devc) *Deploying now* VC firm · India **70** **$2M** median round **Nov 2026** last seen - 14 [Kae Capital](https://millionrounds.com/fund/kae-capital) *Deploying now* VC firm · India **62** **$8M** median round **Nov 2026** last seen - 15 [First Cheque](https://millionrounds.com/fund/first-cheque) *Deploying now* VC firm · India **55** **$1.1M** median round **Jan 2026** last seen - 16 [Leapfrog Ventures](https://millionrounds.com/fund/leapfrog-ventures) quiet VC firm · India **48** **$8.8M** median round **Oct 2015** last seen - 17 [Accelerator Ventures](https://millionrounds.com/fund/accelerator-ventures) quiet VC firm · India **42** **$11M** median round **Jan 2017** last seen - 18 [Mumbai Angels](https://millionrounds.com/fund/mumbai-angels) quiet VC firm · India **35** **$500K** median round **Oct 2015** last seen - 19 [Fireside Ventures](https://millionrounds.com/fund/fireside-ventures) *Deploying now* VC firm · India **33** **$6M** median round **Oct 2026** last seen - 20 [Together Fund](https://millionrounds.com/fund/together-fund) *Deploying now* VC firm · India **32** **$10M** median round **Oct 2026** last seen - 21 [ah! Ventures](https://millionrounds.com/fund/ah-ventures-2) *Deploying now* VC firm · India **31** **$6.3M** median round **Mar 2026** last seen - 22 [Rajan Anandan](https://millionrounds.com/fund/rajan-anandan) quiet VC firm · India **31** **$2.5M** median round **Jul 2019** last seen - 23 [Saama Capital](https://millionrounds.com/fund/saama-capital) *Deploying now* VC firm · India **28** **$2.5M** median round **Nov 2026** last seen - 24 [The Impact Engine](https://millionrounds.com/fund/the-impact-engine) quiet VC firm · India **28** **$7.9M** median round **Apr 2019** last seen - 25 [Info Edge](https://millionrounds.com/fund/info-edge) *Deploying now* VC firm · India **24** **$4.5M** median round **Oct 2026** last seen **1,284 more on this list** All 1,309 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%2Fvc-firms-based-in-india) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *Led by* [Galaxy](https://millionrounds.com/fund/galaxy) - **5** Nov **[Venomics AI](https://millionrounds.com/company/venomics-ai)** Pre-seed · $2.7M *Led by* [Speciale Invest](https://millionrounds.com/fund/speciale-invest) - **5** Nov **[altM](https://millionrounds.com/company/altm)** Series A · $10M *Led by* [Mela Ventures](https://millionrounds.com/fund/mela-ventures) - **4** Nov **[OneStack](https://millionrounds.com/company/onestack)** Series A · $1.3M *With* [Pentathlon Ventures](https://millionrounds.com/fund/pentathlon-ventures) - **4** Nov **[Blitz](https://millionrounds.com/company/blitz)** Pre-seed · $3M *Led by* [IvyCap Ventures](https://millionrounds.com/fund/ivycap-ventures) - **3** Nov **[Nuuk](https://millionrounds.com/company/nuuk)** $10M *Led by* [RPSG Capital Ventures](https://millionrounds.com/fund/rpsg-capital-ventures) ## Stages This Year 283 rounds - Seed **32%** - Series A **23%** - Series B **11%** - Pre-seed **10%** - Other **8%** - Other **15%** ## What They Backed Sectors, last 12 months - AI **102** - Healthcare **27** - Fintech **21** - E-commerce **21** - Hardware & Electronics **18** - Manufacturing **16** ## Cheques by Quarter Led Joined 73 Q1 25 68 Q2 25 121 Q3 25 103 Q4 25 104 Q1 26 26 Q2 26 80 Q3 26 118 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states) - [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states) - [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom) - [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china) - [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada) - [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany) - [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom) - [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states) - [VC firms based in Australia 784](https://millionrounds.com/lists/vc-firms-based-in-australia) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about VC firms based in India ### Who are the most active VC firms based in India? By cheques observed, the most active are IDG Ventures, Blume Ventures, Kalaari Capital, iSeed and Matrix Partners India. ### How many VC firms based in India are there? 1,309 are on record. 10% made an investment in the last 12 months and 6% have led a round. ### Which stages do VC firms based in India back? Of the rounds with a named stage in the last 12 months, mostly Seed (37%) and Series A (27%). ### How big are the rounds VC firms based in India join? The typical (median) round among the leading investors here is $5M. ### Which sectors do VC firms based in India back most? In the last 12 months, mostly AI, Healthcare and Fintech. ### Which VC firms based in India lead the most rounds? Blume Ventures (10 led), 3one4 Capital (9 led) and Matrix Partners India (7 led). ### What have VC firms based in India invested in recently? Recent rounds include Soter Insure (Series B, Nov 2026, with Galaxy), Venomics AI (Pre-seed, Nov 2026, with Speciale Invest) and altM (Series A, Nov 2026, with Mela Ventures). ### How is this list of VC firms based in India 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)