Top Venture Capital & Angle funds Report 2024

Here are the several top venture capital and angel funds that are fueling India's economic growth by investing in early-stage startups across various industries. These investors play a crucial role in driving innovation, supporting young entrepreneurs, and nurturing businesses from seed funding to multiple rounds of investment.

Some of the most influential players in this space include Sorin Investments, Trifecta Capital, z21 Ventures, RPSG Capital Venture which have been backing promising startups in sectors like technology, e-commerce, and fintech.

These venture capitalists and angel investors are not only empowering India’s startup ecosystem but are also contributing to the country's rapid economic transformation, encouraging more entrepreneurs to take the leap into the world of business.

Venture Capital & Angle funds - 2024 Year Report

Explore the 2024 Year Report on Venture Capital & Angel Funds. This repor is  featuring the latest funding rounds and allocations from top investors. Highlights include Trifecta Capital's ₹2,000 crore fund, Sorin Investments' ₹1,350 crore, and Avaana Capital's $135 million. Discover insights into emerging funds like z21 Ventures ($20M) and Uppercase ($9M), alongside Indian stalwarts like Kitven (₹20 crore) and Ankur Capital (₹1,200 crore). A comprehensive guide to the year's venture capital landscape, from startups to growth-stage investments.

Campus Fund II -  INR 75 crore

Campus Fund, which announced its second fund of Rs. 75 crore in July 2022 to fuel student-led start-ups, shared that its Fund II has been oversubscribed by 37%. Large Institutions, Family Offices, Industry Veterans, Entrepreneurs, and Fund Managers were among the many diverse investors who contributed significantly to the fund. Campus Fund has been investing in student founders since November 2020 and has backed 23 Student-led Startups after evaluating 7000 of them.

Karnataka Information Technology Venture Capital Fund (Kitven) -  20 crore

During the fifth Bengaluru GAFX in 2024, the Karnataka Information Technology Venture Capital Fund (Kitven) revealed a specialized venture capital fund of Rs 20 crore for the animation, visual effects, gaming, and comics (AVGC) industry.
This innovative program, run by the Karnataka government's Department of IT, Bt & ST, aims to fund businesses in the state that make comics, games, animation, and visual effects, as reported by CXOtoday.

Prath Ventures - INR 120 Crore

The second close of Prath Ventures' INR 225 Cr fund was reached with a sum of INR 120 Cr raised. SIDBI Funds of Funds, along with a number of other angel investors and family offices, supported the second closing. Prath, which was founded in 2022 by Piyush Goenka and Harmanpreet Singh, provides seed and Series A funding to companies.

Sorin Investments - INR 1,350 crore

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Sorin Investments, an early-stage venture capital firm, has announced the final closing of its debut fund at INR 1,350 crore.
Sorin intends to make investments in tech and tech-enabled enterprises at the Series A and B funding stages. Sorin has already invested five times since its founding in businesses like Venwiz, Litestore, and Uniqus Consultech.

RPSG Capital Ventures - INR 550 crore

RPSG Capital Ventures, an early-stage consumer venture capital fund, has announced the closing of its most recent Fund II, which was valued at Rs 550 crore.
The majority of the fund's investors are domestic, including family offices, wealthy individuals, and seasoned professionals from the consumer sector. Up to this point, RPSG Capital Ventures has invested in sixteen businesses, including The Souled Store, Supertails, Perfora, mCaffeine, Vedix, SkinKraft, Plix, and True Elements, among others.

Trifecta Capital - INR 2000 crores

The Trifecta Venture Debt Fund IV, the largest fund yet launched by Trifecta Capital, the pioneer of venture debt funds in India, has a target corpus of INR 2000 crores.

This achievement is being celebrated by Trifecta Capital, which has invested over INR 6000 crores in over 180 businesses through its three previous venture debt funds since 2015. For example, Atomberg, BigBasket, bluestone, Country Delight, Cars24, Cashfree, Curefit, DailyHunt, GlobalBees, Infra.Market, Livspace, meesho, PaperBoat, UrbanCompany, Zolve, and Zepto are among the more than 50 startups that have attained unicorn/soonicorn status and are recognized as category leaders.35North Ventures - INR 500 crore

In the initial segment of its recently launched CAT-I alternative investment fund (AIF), India Discovery Fund II, Mumbai-based venture capital firm 35North Ventures has raised Rs 100 crore.
The India Discovery Fund – II, which has a total corpus of Rs 500 crore and a Rs 100-crore greenshoe option, succeeds 35North's first CAT-I AIF.
The fund, which has already secured Rs 100 crore in commitments from limited partners, including high-net-worth individuals in India and abroad and some corporate family offices, will be managed by Sunil Gurbaxani, a former MD and CEO of Dhan Laxmi Bank and operating partner with 35North Venture Capital.

Uppercase - $9 million

Accel, a venture capital firm, has made a $9 million investment in Uppercase, resulting in a significant increase in the valuation of the luggage manufacturer to $60 million.
The investment will be used to support the brand's expansion by opening additional retail outlets in both domestic and international markets, including Europe and the Middle East, by next year.

Ankur Capital - INR 1,200 Crore

Ankur Capital's third fund, which seeks to achieve a target amount of INR 1,200 Cr (about $150 Mn), has obtained commitments from two current limited partners (LPs) - British International Investment and the John D. and Catherine T. MacArthur Foundation.
With the third fund, the focus will remain on investments made before the Series A stage. The fund will require initial investments ranging from $1-2 million, with ongoing funding available up to $10 million.

Titan Capital  - INR 200 Crore

Titan Capital, a seed-stage investor that was established by the co-founders of Snapdeal, Kunal Bahl and Rohit Bansal, has raised Rs 200 crore for its new fund. The firm intends to invest further in its current portfolio companies.The new fund is supported by prominent family offices, chief executives, and founders of top companies, as well as individuals from the venture capital industry.

z21 Ventures - $20 million

z21 Ventures, an early-stage venture capital firm, has successfully closed its $40 million second fund by raising $20 million. WestBridge Capital serves as the anchor investor.
z21 Ventures will concentrate on investing in the healthcare, enterprise software, and artificial intelligence sectors during the pre-seed and seed stages of funding. The initial fund of the venture capital firm was $5 million in size and has been entirely allocated to 26 startups.

Avaana Capital - $135 million

Avaana Capital, a venture capital firm specializing in early-stage investments, has secured $135 million for its new fund focused on climate and sustainability initiatives. The firm has a track record supporting consumer, food, and agricultural startups.
Avaana Capital intends to invest in 20-25 early-stage companies through this specialized fund.

Titan Capital - $40 million

Titan Capital, an early-stage investor, has closed its new opportunities fund at a final value of around $40 million (Rs 333 crore).
These funds will be invested in the firm's current portfolio companies. Cofounders of Snapdeal, Kunal Bahl and Rohit Bansal, lead Titan Capital, which typically makes seed or pre-seed investments in businesses.

Anicut Capital - $11 million

Anicut Capital, a multi-asset investment firm, has announced the receipt of $11 million in dollar-denominated investments via GIFT City Structure in its Private Credit Fund 3. This milestone reflects strong investor confidence and a growing investment appetite for Indian private credit among a global investor base.

The investment structure aims at attracting dollar-denominated investments into India from a diverse group of institutional investors, family offices, and high-net-worth individuals (HNIs) from key global markets including the US, UK, Europe, and the Middle East.

Optimistic Capital - 200 crore

A microbreweries-focused fund, valued at Rs 200 crore, has been initiated by investment firm Optimistic Capital. Investors have the opportunity to capitalize on the expanding microbrewery sector in India by investing in the fund, which concentrates on key markets such as Bengaluru, Hyderabad, and Pune.

The fund is designed to profit from the expansion of the craft beer market and the profitability of microbreweries.

Capital A - 400 crore

Capital A, a venture capital firm, has initiated its second fund with an objective of accumulating Rs 400 crore.
The fund will concentrate on businesses in the fields of manufacturing, deep tech, climate, and fintech. Capital A intends to invest in 17-20 companies and distribute checks ranging from $2 million to $3 million throughout the startup's lifespan.

Leo Capital - €25 million

Leo Capital, an early-stage venture capital firm, has announced the initial close of its new €25 million Nordic Fund, which is intended to invest in approximately 25 business-to-business (B2B) technology companies.

The capital has been primarily raised from Business Finland Venture Capital and a variety of new and returning investors from around the world.

Gemba Capital - INR 250 crore

Gemba Capital, a venture capital firm based in Bengaluru, has introduced its second fund with a target corpus of Rs 250 crore, which includes a green shoe option of Rs 50 crore.

Gemba Capital's Fund-II intends to allocate funds to 30 early-stage firms, specifically focusing on businesses in the fintech, consumer tech, and B2B sectors that prioritize their platform. Each startup will receive an initial investment of Rs 5 crore, with a 30% reserve ratio set aside for future investments.

Anicut Capital - 300 crore

A multi-asset alternative investment business called Anicut Capital has announced the closing of its first late-stage Equity Continuum fund, which has raised Rs 300 crore. Anicut Capital states that the fund will put money into five or six profitable, significantly scaled businesses that are prepared for an IPO. These businesses are chosen from within the Anicut ecosystem and have been working with Anicut Capital for more than five years.

Arigato Capital - 250 crore

IVY Growth Associates, a prominent micro venture capital firm, has announced the launch of Arigato Capital, a SEBI-registered Category I AIF Venture Capital (VC) fund, with a target corpus of Rs 250 crore. This sector-agnostic fund is set to invest in startups across a variety of emerging sectors, including agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies.

Filter Capital - INR 800 crore

The debut fund of technology-focused investment firm Filter Capital has reached its final closure at Rs 800 crore, or roughly $96 million. Filter Capital India Fund I have invested almost INR 225 crore from its corpus in four companies so far: Capillary Technologies, Chalo Mobility, LoadShare Networks, and THB.

Growth-stage investment firm Filter Capital specializes in technology and leads or co-leads Series B and C investments. From the initial fund, it intends to invest in eight to ten businesses.

 Alteria Capital - INR 1,550 Crore

The third venture debt fund of Mumbai-based Alteria Capital closed its final closure at INR 1,550 Cr (more than $190 Mn).
According to Alteria, the fund was greatly oversubscribed, with contributions from current investors accounting for more than half of the total.
The Mumbai-based firm, which has supported companies including Rebel Foods, BlueStone, One Card, ather, and Captain Fresh.

Cedar Capital - INR  240 crore

The first close of Cedar Capital's Rs 240 crore ($30 million) FinTech Venture Capital fund has been announced. The fund aims to raise between Rs 50 and Rs 75 crore. Cedar Capital is the fintech-focused venture capital arm of management consultancy firm Cedar and fintech market intelligence platform IBS Intelligence.

Navam Capital - INR 50 crore

At INR 50 Cr (about $6 Mn), Navam Capital has announced the first closing of Navam Venture Fund I, its initial alternative investment fund (AIF).

The fund intends to invest in businesses across frontier tech industries, including aerospace, climate technology, electric mobility, agriculture technology, and AI, among others. Its overall corpus is targeted at INR 250 Cr, or roughly $30 million.

Conclusion

The 2024 Venture Capital & Angel Funds report showcases a dynamic year of investments. This year's funding trends show strong support for startups and growing companies, highlighting the important role of venture capital in boosting the economy and innovation.