Multi-stage VC · Series A–Growth · Mumbai
A91 Partners
Verified by Women Can StartupSnapshot
- Firm type
- Multi-stage VC
- Founded
- 2018
- Headquarters
- Mumbai
- Other offices
- Bengaluru
- Fund / AUM
- Fund I closed at $351M (2019); later funds raised since
- Typical cheque
- ~$10M – $30M per company
- Geographies
- India
- Leads rounds
- Yes
- Last updated
- 23 July 2026
About A91 Partners
Backs category-defining Indian businesses in consumer, financial services, healthcare and software, usually at early-to-mid stage. Founded by ex-Sequoia India partners, it prefers a concentrated portfolio and long holding periods.
A91 Partners is a multi-stage vc based in Mumbai, founded in 2018, investing in India. It backs companies at the Series A, Series B and Growth stages, with a focus on Consumer, Financial services, Healthcare and Software. Typical cheques run ~$10M – $30M per company. It usually leads the rounds it joins.
On fund size, the firm reports Fund I closed at $351M (2019); later funds raised since. Its portfolio includes SUGAR Cosmetics, Digit Insurance, Atomberg, Aptus Value Housing Finance, La Renon Healthcare and Exotel.
Investment focus
Notable investments
9 of A91 Partners’s better-known bets, grouped by sector. Names in coral open the company’s profile or founder story on this site.
Consumer & Beauty
Insurtech
Consumer appliances
Financial services
Pharma
SaaS
Food & beverage
Media & Tech
How to pitch A91 Partners
Practical pointers drawn from what A91 Partners says it backs. Always confirm the current focus and process with the firm before you reach out.
- They invest at Series A, Series B and Growth. Approach them when your company is with clear product-market fit and early revenue, through to companies already scaling with strong metrics.
- Their focus is Consumer, Financial services, Healthcare and Software, so lead with why you fit there.
- Cheques are typically ~$10M – $30M per company, so size your round and ask accordingly.
- The strongest way in is a warm introduction, ideally from a founder they have backed, such as SUGAR Cosmetics, Digit Insurance and Atomberg.
- You can find the team and their current focus on their website, linked below.
Partners
V.T. Bharadwaj
Co-founder & General Partner
Abhay Pandey
Co-founder & General Partner
Gautam Mago
Co-founder & General Partner
Kaushik Anand
Partner
Prasun Agarwal
Partner
Website & links
Frequently asked questions
- What stage does A91 Partners invest at?
- A91 Partners invests at the Series A, Series B and Growth stages, typically writing cheques of ~$10M – $30M per company.
- What sectors does A91 Partners invest in?
- A91 Partners focuses on Consumer, Financial services, Healthcare and Software.
- Which companies has A91 Partners invested in?
- Notable investments include SUGAR Cosmetics, Digit Insurance, Atomberg, Aptus Value Housing Finance, La Renon Healthcare, Exotel, Paper Boat and Plum. See the full list on this page.
- Who are the partners at A91 Partners?
- Key people include V.T. Bharadwaj (Co-founder & General Partner), Abhay Pandey (Co-founder & General Partner), Gautam Mago (Co-founder & General Partner) and Kaushik Anand (Partner).
- Where is A91 Partners based?
- A91 Partners is headquartered in Mumbai, with additional offices in Bengaluru.
- Does A91 Partners invest in women founders?
- A91 Partners is a generalist fund and backs strong founders regardless of gender, women founders included. For funds with an explicit women-founder mandate, see our women-focused funds list.
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