VC fund (Cat II) · SEBI registry
Darjeeling Capital Trust
Not disclosed · Not disclosed · Mumbai
At a glance
- Stage focus
- Not disclosed
- Primary sector
- Not disclosed
- City
- Mumbai
- HQ / office
- Mumbai, Maharashtra (The Point, 30th Road, Bandra West)
- Fund registered
- 2021
- Investments on record
- 5
- Corpus (as reported)
- US$1 billion+ AUM (firm-wide, per official site, 2024-25)
- Website
- malabarinvest.com
- Profile ↗
About
Darjeeling Capital Trust is a Category II AIF managed by Malabar Investments, an India-focused investment firm founded in 2008 backed by US and Asian institutional value investors. Registered contact Naveen Bhather is confirmed as Malabar's Operations & Compliance team member. The firm focuses on long-term value investing in Indian small/mid-cap companies; it is a UN PRI signatory.
Investment focus
Public-market (and select private) equity — concentrated value investing in Indian small- and mid-cap market leaders with durable competitive advantages and pricing power
Cheque size
Min LP commitment USD 250,000 (firm-wide minimum; discretion down to USD 100,000) — ~INR 2 Cr+
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/21-22/1012
SIDBI Fund of Funds
None found
Notable portfolio
Dentalkart; Sugar Cosmetics; IKIO Lighting; ixigo; Bombay Shaving Company
Team & organisation
~8 investment professionals (5 named partners incl. 2 Managing Partners + 3 investment team members); ~16 total staff
Category II AIF — Darjeeling Capital Trust / 'Darjeeling Equity Fund I' (maturity 2032), the domestic AIF vehicle of Malabar Investments (Malabar Investment Advisors Pvt Ltd; LLP/partnership-managed, founded 2008). India-focused value investor, also runs offshore Malabar India Fund/Malabar Select Fund. HQ: The Point, 2nd Floor, 30th Road, Bandra West, Mumbai 400050.
Connect through iHub India
Open a funding round and send a structured pitch from this profile. It's recorded now and delivered the moment this investor joins iHub India; if they accept, contact details are shared and the conversation moves into a tracked deal room.
Raising a round? Send a funding pitch with your traction — an acceptance opens a tracked deal room. Mentors, incubators, corporates and students can request an intro instead.
Work at Darjeeling Capital Trust? Claim this profile to keep it current and receive pitches directly.
Frequently asked
- What does Darjeeling Capital Trust invest in?
- Public-market (and select private) equity — concentrated value investing in Indian small- and mid-cap market leaders with durable competitive advantages and pricing power
- What cheque size does Darjeeling Capital Trust write?
- As compiled from public sources: Min LP commitment USD 250,000 (firm-wide minimum; discretion down to USD 100,000) — ~INR 2 Cr+
- How do I pitch Darjeeling Capital Trust 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.
Similar investors
Private equity (Cat II)
1000X CAPITAL TRUST
Not disclosed · Not disclosed · Kolkata
VC fund (Cat II)
108 Capital Venture Fund
Growth (Series C+) · Not disclosed · Bengaluru
VC fund (Cat II)
1950 Ventures AIF
Series A · Not disclosed · Bengaluru
VC fund (Cat II)
Aarambh Fund 1
Pre-seed / Idea · Not disclosed · Bengaluru
VC fund (Cat II)
Aaroh Capital Trust
Growth (Series C+) · Not disclosed · Bengaluru
VC fund (Cat II)
Achievers Investment Trust
Not disclosed · Not disclosed · Mumbai
About this record
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.malabarinvest.com/; https://www.malabarinvest.com/team-4