VC fund (Cat II) · Curated list
Multiply Ventures
Multi-stage · Fintech · Bengaluru
At a glance
- Stage focus
- Multi-stage
- Primary sector
- Fintech
- City
- Bengaluru
- HQ / office
- WeWork Galaxy, 43 Residency Road, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka 560001, India (firm also lists a second office at 4 Haudin Road, Halasuru, Sivanchetti Gardens, Bengaluru 560042)
- Fund registered
- 2019
- Investments on record
- 6
- Corpus (as reported)
- INR 260 crore maiden fund (closed at ~INR 260 Cr vs ~INR 250 Cr target; announced 2022). SEBI-registered AIF (investment manager MVG Advisory LLP). Note: exact SEBI Category/Reg. No. in source record could not be independently confirmed via public search.
- Profile ↗
About
Multiply Ventures is a Bengaluru-based, thesis-driven early-stage VC fund founded around 2019-2020 by ex-Myntra/Flipkart/Paytm executives Raveen Sastry, Sanjay Ramakrishnan and Bhushan Patil. It runs a "Made for India" consumer-tech strategy with a milestone-based investment model (first cheques ~INR 4 Cr, up to ~INR 20 Cr through Series A), and announced its maiden fund of ~INR 260 crore (above a ~INR 250 Cr target) as a SEBI-registered AIF, with ~95% of LPs being Indian family offices and digital-first entrepreneurs.
Investment focus
Pre-seed / Seed / early-stage (up to Series A); "Made for India" consumer-tech thesis across Fintech, Edtech, Retail/consumer, and Health
SEBI registration
SEBI AIF Category I — Venture capital — reported as “Seed / micro-VC (early-stage VC fund) / Cat I/Cat II”
- IN/AIF1/19-20/0778
- IN/AIF2/25-26/1954
SIDBI Fund of Funds
None found
Notable portfolio
Freed (fintech / debt relief); Ximkart (retail enablement); Nova Benefits (corporate health insurance / insurtech); Tekie — acquired by UOLO (edtech); Riyaz (music edtech); Iluvia (beauty & wellness); BharatX (credit-as-a-feature fintech); Grip (alternative investments)
Team & organisation
~3 named partners (Bhushan, Sanjay, Raveen)
Trust-based Category I (VC) AIF; entity Multiply Ventures India Trust (India Foundation Fund Series I); Investment Manager/Sponsor: MVG Advisory LLP; Trustee: Vistra ITCL; SEBI Reg. IN/AIF1/19-20/0778
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Frequently asked
- What does Multiply Ventures invest in?
- Pre-seed / Seed / early-stage (up to Series A); "Made for India" consumer-tech thesis across Fintech, Edtech, Retail/consumer, and Health
- How do I pitch Multiply 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
- ⚑ none — private SEBI-registered AIF, HQ in India (Bengaluru), confirmed live official site. Minor: record originally listed DealShare and ShopKirana as fund portfolio companies, but the official portfolio page classes these as founders' pre-inception/angel deals, not fund holdings (corrected). Exact SEBI Reg. No. (IN/AIF1/19-20/0778) and Category I claim could not be independently verified via public search — confirm against SEBI registered-AIF list before publication. Third-party trackers cite USD 35M/50M fund sizes vs the firm's INR 260 Cr figure — use the INR 260 Cr press figure.
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.multiplyventures.com/web/