17 Sept 2026 · TrustList Editorial
Startup funding in India: the 2026 guide for founders
DPIIT recognition, Startup India funds, BIRAC and NIDHI grants, state schemes such as ELEVATE and UP Startup Mission, incubators and VC…
5 of 22 venture capital firms ranked on evidence in the Q4 2026 edition.
Between them, the 22 venture capital firms on this page cover series a (5), growth stage (5), partners (5) and private equity (4). They also list work in Mumbai, Bangalore, Shanghai and New York City. 22 of them have written a profile you can read before you get in touch.
TrustList ranking
Q4 2026 edition
5 of 22 venture capital firms ranked on evidence held on 9 October 2026: client reviews, vetting, awards and facts each business states on its own website, which we read and date. Nobody pays to be placed.
Positions are fixed for the quarter; the next edition is due in January 2027.
Private Equity · Banking · Domestic · Also in Hyderabad and Bangalore
Karvy Investor Services Limited (KISL) is an Investment bank offering investment banking and corporate advisory services.
Why #1: Founded 1995, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Also in New Delhi and New York City
Olympus Capital Holdings Asia is the group behind Olympus Capital Asia, an independent private investment firm that has invested in middle market companies across Asia since 1997.
Why #2: Founded 1997, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Series A · Growth Stage · Seed Stage · Also in Bangalore
Elevation Capital is a venture capital firm investing in founders in India. It describes a history of about 25 years and stresses that founders can approach it from day one.
Why #3: In business 25+ years, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Series A · Seed Stage · Also in India, China and Beijing
InnoVen Capital is a venture lending platform that provides debt to fast-growing, venture-backed technology companies in Asia.
Why #4: Founded 2015, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Growth Stage · Also in Chicago
Aroa Ventures, also styled Aroa Venture Partners, invests in companies from several sectors and at several stages.
Why #5: Founded 2020, as stated on its own website, read 5 Oct 2026
Not yet on record: client reviews, vetting.

Cloud · Government · Also in Delhi
Alkemi Growth Capital is a venture fund for healthcare and wellness businesses in India.

Growth Stage · Also in Bangalore
Anicut Capital is an Indian investment firm that provides flexible debt and equity to businesses at every stage of growth.

Banking · Video · Education · Also in Vancouver and Toronto
BofA Securities is the corporate and investment banking side of Bank of America. It serves companies of different sizes and institutional investors.

Internet · Learning · Also in Maharashtra and Silicon Valley
Brand Capital is the strategic investment arm of The Times Group in India.

Fintech
DMI AIF Sparkle Fund, also called the DMI Alternative Investment Fund, is an India-based alternative investment fund for start-ups.

Partners · Banking · Learning · Also in Mumbai
Gaja Capital is an investment firm with its office in Mumbai. It partners with ambitious entrepreneurs to build durable businesses that serve India's domestic economy, and it…

Series A · Fintech · Also in Riyadh and Bangalore
Inflection Point Ventures, known as IPV, is an angel investing platform in India.
Growth Stage · Also in Mumbai
Lok Capital is an investment firm that puts capital into businesses aimed at widening access, lowering costs and improving quality of life.

Also in Mumbai
Orios Venture Partners is a venture investor focused on technology companies aimed at the Indian market.

PickMyWork is an Indian platform that connects businesses with a network of gig workers, called sales partners, for customer acquisition.

Private Equity · Partners · Also in Beijing and Shanghai
SAIF Partners China is a private equity firm that mainly provides growth capital.

Government · Also in Karnataka and Ontario
SeedFund is a seed-stage venture investor that funds young technology companies in India.

Private Equity · Partners · Internet · Also in Moscow and Asia
Sistema Asia Fund is a private equity fund managed by Sistema Asia Capital, a fund management company registered with the Monetary Authority of Singapore.

Series A · Growth Stage · Seed Stage · Also in Tokyo and Jakarta
Spiral Ventures is a venture capital firm that invests in technology companies across Asia, connecting startups with capital and cross-border expertise.

Series A · Early Stage · Partners
Titan Capital Partners is an early-stage investor run by people who have worked as operators.

Early Stage · Partners · Also in Silicon Valley and San Francisco
Deep tech venture firm investing early in AI, genomics, edtech, workforce and construction technology through six platforms

Cloud · Video · Education · Also in Los Angeles and Istanbul
Wesley Clover is a private investment management firm and holding company with active interests in cloud and software-as-a-service businesses, plus selected real estate.
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