Angel fund (Cat I) · Curated list
Gemba Capital
Pre-seed / Idea · Fintech · Bengaluru
At a glance
- Stage focus
- Pre-seed / Idea
- Primary sector
- Fintech
- City
- Bengaluru
- HQ / office
- WeWork, Block L, Embassy TechVillage, Outer Ring Rd, Bellandur, Bengaluru 560103, Karnataka, India
- Fund registered
- 2021
- Investments on record
- 11
- Corpus (as reported)
- Fund II targeting ~INR 250 crore (~$29 million), incl. INR 50 cr green-shoe, launched/announced July 2024; first cheque ~INR 5 cr, ~30% reserved for follow-on, targeting ~30 startups. Fund I was a ~INR 70 crore (~$10 million) micro-VC fund (2021).
- Website
- gembacapital.in
- Profile ↗
About
Gemba Capital is an India-based early-stage (pre-seed/seed) micro-VC founded in 2019 by Adith Podhar (General Partner), which began as a family office making angel investments, then ran an angel syndicate before raising institutional funds. Govind Lohia is a Partner; the firm lists venture advisors including Vipul Rawal, Ranjeet Pratap Singh (Pratilipi co-founder) and Sahil Sharma. It is SEBI-registered as a Category I AIF (Fund I: IN/AIF2/22-23/0884; Fund II: IN/AIF2/23-24/1579), investing in fintech, consumer tech, and B2B platform startups.
Investment focus
Pre-seed and seed stage. Sector focus: Fintech, Consumer Tech, and B2B Platforms ("platform-first" businesses).
Cheque size
INR 5 Cr first cheque (Fund II, INR 250 Cr corpus); ~30% reserved for follow-ons
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category I — Venture capital — reported as “Seed / micro-VC (Category I AIF) / Cat I”
- IN/AIF1/21-22/0884
- IN/AIF1/24-25/1579
SIDBI Fund of Funds
None found
Notable portfolio
Plum (insurtech); Wint Wealth; Grip Invest; ClickPost; Navadhan; Showroom; LightFury Games; Zuper; Volt Money; Eternz; Strata
Team & organisation
2 Partners (Adith Podhar, Govind Lohia) + 3 Venture Advisors
LLP-managed (Gemba Capital Venture Partners LLP, LLPIN AAV-9617) Category I AIF; multi-fund (Fund I Angel Fund IN/AIF2/22-23/0884; Fund II IN/AIF2/23-24/1579)
Connect through iHub India
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Frequently asked
- What does Gemba Capital invest in?
- Pre-seed and seed stage. Sector focus: Fintech, Consumer Tech, and B2B Platforms ("platform-first" businesses).
- What cheque size does Gemba Capital write?
- As compiled from public sources: INR 5 Cr first cheque (Fund II, INR 250 Cr corpus); ~30% reserved for follow-ons
- How do I pitch Gemba Capital 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
- ⚑ none — private SEBI-registered Category I AIF micro-VC; firm-own email verified on official site; no name collision, rebrand, fraud, or government/DFI linkage found. (Note: HQ is in Bengaluru, not UP.)
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://gembacapital.in/; https://yourstory.com/2024/07/bengaluru-gemba-capital-unveils-rs-250-cr-fund-ii-for-early-stage-investments