What stage does IvyCap Ventures invest at?

IvyCap Ventures invests at the Seed, Series A, Series B and Growth stages.

What sectors does IvyCap Ventures invest in?

IvyCap Ventures focuses on Healthtech, Consumer tech, Fintech, Deeptech, Edtech, Agritech and EV.

Who are the partners at IvyCap Ventures?

Key people include Vikram Gupta (Founder & Managing Partner).

Where is IvyCap Ventures based?

IvyCap Ventures is headquartered in Mumbai, with additional offices in New Delhi, Bengaluru, Singapore and United States.

Does IvyCap Ventures invest in women founders?

IvyCap Ventures 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.

Multi-stage VC · Seed–Growth · Mumbai

IvyCap Ventures

Verified by Women Can Startup

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Snapshot

Firm type: Multi-stage VC
Founded: 2011
Headquarters: Mumbai
Other offices: New Delhi, Bengaluru, Singapore, United States
Fund / AUM: ~₹6,000 Cr ($650M+) AUM across three funds; Fund III closed at ₹2,100 Cr
Geographies: India
Leads rounds: Yes
Last updated: 23 July 2026

About IvyCap Ventures

An alumni-network-anchored VC backing early-to-growth technology companies across consumer, health, fintech and deeptech, leaning on IIT and IIM founder and mentor networks.

IvyCap Ventures is a multi-stage vc based in Mumbai, founded in 2011, investing in India. It backs companies at the Seed, Series A, Series B and Growth stages, with a focus on Healthtech, Consumer tech, Fintech, Deeptech and Edtech. It usually leads the rounds it joins.

On fund size, the firm reports ~₹6,000 Cr ($650M+) AUM across three funds; Fund III closed at ₹2,100 Cr. Its portfolio includes BlueStone, Purplle, Biryani By Kilo, Snitch, Miko and Dhruva Space.

Investment focus

Stages

Seed Series A Series B Growth

Sectors

Healthtech Consumer tech Fintech Deeptech Edtech Agritech EV

Notable investments

6 of IvyCap Ventures’s better-known bets, grouped by sector. Names in coral open the company’s profile or founder story on this site.

Jewellery

BlueStone

Beauty e-commerce

Purplle

Reported ~22x on Fund I

Food

Biryani By Kilo

Fashion & D2C

Snitch

Consumer robotics

Miko

Spacetech

Dhruva Space

How to pitch IvyCap Ventures

Practical pointers drawn from what IvyCap Ventures says it backs. Always confirm the current focus and process with the firm before you reach out.

They invest at Seed, Series A, Series B and Growth. Approach them when your company is with an early product and first signs of traction, through to companies already scaling with strong metrics.
Their focus is Healthtech, Consumer tech, Fintech, Deeptech and Edtech, so lead with why you fit there.
The strongest way in is a warm introduction, ideally from a founder they have backed, such as BlueStone, Purplle and Biryani By Kilo.
You can find the team and their current focus on their website, linked below.

Partner

Vikram Gupta

Founder & Managing Partner

Website & links

Website ↗

Frequently asked questions

What stage does IvyCap Ventures invest at?: IvyCap Ventures invests at the Seed, Series A, Series B and Growth stages.
What sectors does IvyCap Ventures invest in?: IvyCap Ventures focuses on Healthtech, Consumer tech, Fintech, Deeptech, Edtech, Agritech and EV.
Which companies has IvyCap Ventures invested in?: Notable investments include BlueStone, Purplle, Biryani By Kilo, Snitch, Miko and Dhruva Space. See the full list on this page.
Who are the partners at IvyCap Ventures?: Key people include Vikram Gupta (Founder & Managing Partner).
Where is IvyCap Ventures based?: IvyCap Ventures is headquartered in Mumbai, with additional offices in New Delhi, Bengaluru, Singapore and United States.
Does IvyCap Ventures invest in women founders?: IvyCap Ventures 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.