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Angel fund (Cat I) · Curated list

IvyCap Ventures

Multi-stage · Deep Tech (AI/ML/Robotics) · Bengaluru

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At a glance

Stage focus
Multi-stage
HQ / office
601 A Wing Delphi, Orchard Avenue, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India (additional office: WeWork Galaxy, IvyCap Ventures Bay 06B109/112, 43 Residency Road, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka 560025)
Fund registered
2015
Investments on record
65
Corpus (as reported)
~Rs 5,000–5,500 crore total AUM (2024); Fund III final close at Rs 2,100 crore (April 2024). Earlier funds: Fund I (2013/2014, ~Rs 240 cr) and Fund II (2018, ~Rs 530 cr). Note: Business Standard reports total AUM of Rs 5,500 cr after Fund III; Outlook Business and Entrepreneur report Rs 5,000 cr (~USD 600M) — figure varies by source.
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About

IvyCap Ventures is an India-focused, SEBI-registered venture capital firm founded in 2011 by Vikram Gupta (IIT-Delhi chemical engineer; MBA, Case Western Reserve University). It invests in early-to-growth-stage technology startups across India with a distinctive thesis of backing companies founded or led by alumni of premier Indian institutions. It manages three main funds plus an Angel Fund (Category I/II AIFs), with roughly Rs 5,000–5,500 crore total AUM following the Rs 2,100 crore Fund III close in April 2024.

Investment focus

Stage: Seed, Pre-Series A, Series A and Series B (early-to-growth). Sector: largely sector-agnostic, with focus on DeepTech, ConsumerTech, HealthTech, FinTech, EdTech, SaaS/Enterprise Tech, AgriTech and SpaceTech; distinctive thesis of backing startups founded/led by alumni of premier Indian institutions (IITs/IIMs etc.).

SEBI registration

SEBI AIF Category I — Venture capital — reported as “Major/growth VC / Cat I/Cat II

  • IN/AIF1/15-16/0142
  • IN/AIF2/18-19/0564
  • IN/AIF1/19-20/0709
  • IN/AIF1/25-26/1852

SIDBI Fund of Funds

On the SIDBI FFS list

Funds: IvyCap Ventures Trust Fund II; IvyCap Ventures Trust Fund III

Yes — on official SIDBI FFS supported-AIF list (IvyCap Ventures Trust Fund II; IvyCap Ventures Trust Fund III)

Notable portfolio

Purplle; BlueStone; Bewakoof; Snitch; Celcius; Eggoz; Dhruva Space; Clovia

Team & organisation

IvyCap Ventures Advisors Pvt Ltd-managed; SEBI Category II AIF, multi-fund (Funds I-IV), IIT-alumni anchored with 25+ institutional LPs

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Frequently asked

What does IvyCap Ventures invest in?
Stage: Seed, Pre-Series A, Series A and Series B (early-to-growth). Sector: largely sector-agnostic, with focus on DeepTech, ConsumerTech, HealthTech, FinTech, EdTech, SaaS/Enterprise Tech, AgriTech and SpaceTech; distinctive thesis of backing startups founded/led by alumni of premier Indian institutions (IITs/IIMs etc.).
How do I pitch IvyCap Ventures 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.ivycapventures.com/about-us; https://in.linkedin.com/company/ivycap-ventures-private-limited