VC fund (Cat II) · SEBI registry
BanyanTree India Growth Capital Fund
Growth (Series C+) · Manufacturing & Industrials · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Manufacturing & Industrials
- City
- Mumbai
- HQ / office
- Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra
- Fund registered
- 2017
- Investments on record
- 8
- Corpus (as reported)
- ~USD 300 million raised across BanyanTree's three to four funds; BanyanTree India Growth Capital Fund counts development finance institutions (incl. FMO) among its investors
- Website
- www.banyantreefinance.com
- Profile ↗
About
BanyanTree India Growth Capital Fund is a growth-capital private equity fund managed by BanyanTree Finance Pvt. Ltd. (Mumbai, founded 2008), investing in profitable, founder-led mid-market Indian companies; its investor base includes development finance institutions such as FMO.
Investment focus
Mid-market growth-stage private equity; minority/control stakes in profitable, low-leverage Indian SMEs across manufacturing, consumer, financial services, education, healthcare, pharma and food processing, with a Tier II/Tier III India demand-led strategy
Cheque size
Approx USD 8-15 Mn per company (10-15 SME portfolio companies targeted; equity and quasi-equity)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/17-18/0515
SIDBI Fund of Funds
Yes — DFI LP: FMO (Netherlands Development Finance Company) committed/loaned to this fund (FMO project 56186, approved Jan 2020); DEG (Germany) backed predecessor funds. Government-development-finance institution backing, not SIDBI/Indian govt. Source: fmo.nl project-detail/56186
Notable portfolio
Mahaveer Finance; Esskay Finance; Nspira; GPT Healthcare; Popular Vehicles; Rotomag; Asta Berry; KLF (Nirmal)
Team & organisation
Approx 11-50 (BanyanTree Finance LinkedIn ~19 employees)
BanyanTree Finance Pvt Ltd (Mumbai)-managed Category II AIF (Indian growth-capital trust); 3rd successor fund focused on Tier 2/3-city SMEs via equity and quasi-equity
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Frequently asked
- What does BanyanTree India Growth Capital Fund invest in?
- Mid-market growth-stage private equity; minority/control stakes in profitable, low-leverage Indian SMEs across manufacturing, consumer, financial services, education, healthcare, pharma and food processing, with a Tier II/Tier III India demand-led strategy
- What cheque size does BanyanTree India Growth Capital Fund write?
- As compiled from public sources: Approx USD 8-15 Mn per company (10-15 SME portfolio companies targeted; equity and quasi-equity)
- How do I pitch BanyanTree India Growth Capital Fund through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ PE (growth-capital private equity, not early-stage startup VC)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.fmo.nl/project-detail/56186; https://ewsdata.rightsindevelopment.org/projects/56186-banyantree-india-growth-capital-fund/