VC fund (Cat II) · SEBI registry
DMI Alternative Investment Fund
Growth (Series C+) · Fintech · New Delhi
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Fintech
- City
- New Delhi
- HQ / office
- New Delhi (Express Building, Bahadur Shah Zafar Marg)
- Fund registered
- 2016
- Investments on record
- 31
- Corpus (as reported)
- DMI AIF's second scheme closed at ~Rs 1,600 crore (Rs 16 billion) in June 2018 per media reports.
- Website
- dmialternatives.in
- Profile ↗
About
DMI Alternatives Pvt. Ltd. is the New Delhi-based investment manager of the DMI Alternative Investment Fund (incl. the startup-focused 'Sparkle Fund', a SEBI Category II AIF founded 2017). It backs fintech/digital-lending startups and also runs an India mid-market private-credit strategy. Part of the DMI Group.
Investment focus
Early-stage / growth VC into fintech and digital-financial-services startups (consumer/corporate lending, housing finance, payments) via its 'Sparkle Fund' scheme; the manager (DMI Alternatives Pvt. Ltd.) also runs a mid-market private-credit strategy across healthcare, technology, business services, manufacturing and financial services.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/16-17/0306
SIDBI Fund of Funds
None found
Notable portfolio
MobiKwik; Money View; OneCard; slice; M2P Fintech; Arya.ai; ASQI Advisors; QueueBuster
Team & organisation
Sparkle Fund investment team small (Adhar Seth leads; plus ~2-3 investment professionals e.g. Shivam Sharma, Abhinav); DMI Group co-founders Shivashish Chatterjee & Yuvraja C. Singh
Trust-form AIF managed by DMI Alternatives Pvt Ltd (associate of DMI Finance), New Delhi; multi-scheme Category II AIF — schemes include the Sparkle Fund (fintech/digital-finance VC), Credit+ Fund and Special Opportunities Scheme.
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Frequently asked
- What does DMI Alternative Investment Fund invest in?
- Early-stage / growth VC into fintech and digital-financial-services startups (consumer/corporate lending, housing finance, payments) via its 'Sparkle Fund' scheme; the manager (DMI Alternatives Pvt. Ltd.) also runs a mid-market private-credit strategy across healthcare, technology, business services, manufacturing and financial services.
- How do I pitch DMI Alternative Investment 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
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.dmialternatives.in/; https://www.dmisparklefund.in/about-us.php