Ankur Capital

Ankur Capital is an early-stage venture capital firm based in Mumbai, India, with a distinctive focus on digital and deep science technology companies. Established in 2014, the firm primarily invests in Seed to Series A rounds, targeting innovative startups that address significant challenges and opportunities within India, particularly those impacting rural and semi-urban populations. Their investment thesis often revolves around sectors like agritech, foodtech, healthcare, education, and fintech, seeking companies that leverage technology to create scalable and impactful solutions.

The firm has demonstrated a clear progression in its funding capabilities and investment scope. Following their initial Fund I, which closed at $6.5 million, Ankur Capital successfully closed its second fund (Fund II) in 2021, raising $50 million. This fund was earmarked to support 15-18 startups, allowing for more substantial initial investments and follow-on capital. Building on this momentum, Ankur Capital announced its third fund (Fund III) in 2023, targeting an impressive $100 million, further solidifying its position as a significant player in the Indian early-stage ecosystem.

Ankur Capital typically deploys initial cheques ranging from $1 million to $7 million, reflecting their commitment to supporting companies through critical growth phases. They are known for their hands-on approach, providing strategic guidance and operational support to their portfolio companies. Their investment strategy emphasizes identifying companies with strong unit economics and a clear path to profitability, often those leveraging deep tech or innovative business models to serve underserved markets. The firm's portfolio includes notable names such as CropIn, String Bio, and Captain Fresh, showcasing their diverse investment interests and success in backing promising ventures.