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Gemba Capital

Asia, Karnataka, India, Bangalore

Description

Gemba Capital is a Bangalore-based micro venture capital fund dedicated to investing in the nascent stages of Indian technology startups. Founded by Adith Podhar, the firm primarily targets pre-seed and seed rounds, positioning itself as a crucial early-stage financier for promising ventures within India's dynamic tech ecosystem. Their strategic focus is on identifying innovative companies with strong potential for growth and disruption, providing the foundational capital needed to scale operations and develop their products.

The firm's investment strategy is characterized by its commitment to a significant number of early-stage companies. Gemba Capital's maiden fund, which recently achieved its final close at $10 million, aims to deploy capital into 20 to 25 startups over an 18-month period. This approach allows them to build a diversified portfolio while offering substantial support to each selected venture. Their typical first cheque sizes range from $100,000 to $300,000, reflecting their focus on providing meaningful initial capital to help startups navigate their critical early growth phases.

Beyond capital infusion, Gemba Capital is known for its hands-on approach, leveraging its network and expertise to support portfolio companies. They often engage with founders on strategic decisions, market access, and subsequent fundraising efforts, aiming to accelerate the development and success of their investments. This comprehensive support system, combined with their focused investment thesis on Indian tech, solidifies Gemba Capital's role as a key player in the country's vibrant startup funding landscape, fostering innovation from the ground up.

Investor Profile

Gemba Capital has backed more than 26 startups, with 5 new investments in the last 12 months alone. The firm has led 1 rounds, about 4% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in India, United States.
  • Strong thematic focus on Financial Services, Software, Internet.
  • Typical check size: $100K – $300K.

Stage Focus

  • Seed (69%)
  • Series A (19%)
  • Pre Seed (12%)

Country Focus

  • India (88%)
  • United States (12%)

Industry Focus

  • Financial Services
  • Software
  • Internet
  • Fintech
  • B2b
  • Fashion
  • Retail
  • Health Care
  • Personal Health
  • Wellness
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Gemba Capital frequently co-invest with?

Titan Capital
Asia, Haryana, India, Gurgaon
Co-Investments: 6
Shastra VC
Asia, Haryana, India, Gurgaon
Co-Investments: 2
Soma Capital
North America, California, United States, San Francisco
Co-Investments: 2
Jungle Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
Better Capital
North America, California, United States, Santa Clara
Co-Investments: 3
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 3
Prime Venture Partners
Asia, Karnataka, India, Bengaluru
Co-Investments: 3
STRIVE
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
100Unicorns
Asia, Maharashtra, India, Mumbai
Co-Investments: 3
Uncommon Capital
North America, California, United States, Newcastle
Co-Investments: 2

Which angels does Gemba Capital often collaborate with?

Ramakant Sharma
Asia, Karnataka, India, Bengaluru
Shared Deals: 3
GA
North America, California, United States, San Francisco
Shared Deals: 1
Rohit M.A.
Asia, Karnataka, India, Bengaluru
Shared Deals: 2
Lashit Sanghvi
Asia, Maharashtra, India, Mumbai
Shared Deals: 1
Kunal Shah
Asia, Karnataka, India, Bengaluru
Shared Deals: 4
Amit Gupta
Asia, Karnataka, India, Bengaluru
Shared Deals: 2
Satyen V Kothari
Asia, Maharashtra, India, Mumbai
Shared Deals: 2
AK
Asia, Maharashtra, India, Mumbai
Shared Deals: 1
Abhishek Goyal
Asia, Karnataka, India, Bengaluru
Shared Deals: 2
Lalit Keshre
Asia, Karnataka, India, Bengaluru
Shared Deals: 2

What are some of recent deals done by Gemba Capital?

Pazy

Bangalore, Karnataka, India

Pazy provides an AI-powered platform for automating accounts payable and financial processes.

Financial ServicesMobile AppsPayments
Pre SeedJun 25, 2025
Amount Raised: $698,167
Flick TV

Noida, Uttar Pradesh, India

Media and Entertainment

Media and Entertainment
SeedJun 10, 2025
Amount Raised: $2,300,000
Sanlayan

Bengaluru, Karnataka, India

Sanlayan fosters advanced electronics and indigenous product development.

AerospaceElectronicsSoftware
Series AJun 9, 2025
Amount Raised: $21,726,564
Finodaya Capital

Indore, Madhya Pradesh, India

Finodaya Capital Private Limited sought to make financial inclusion accessible to India's smallest businesses.

Financial Services
SeedApr 21, 2025
Amount Raised: $2,500,000
Navadhan Capital

Mumbai, Maharashtra, India

Navadhan Capital offers capital to under-banked households.

CreditFinanceFinancial ServicesFinTech
Series AMar 19, 2025
Amount Raised: $1,281,342
Neodocs

Mumbai, Maharashtra, India

Neodocs is a platform for instant lab tests that users can complete with their smartphone.

Health CarePersonal HealthSoftwareWellness
SeedFeb 8, 2024
Amount Raised: $2,000,416
Showroom B2B

Noida, Uttar Pradesh, India

Building the largest B2B “Phygital” platform for $108 Bn fashion industry

B2BFashionInternetRetail
SeedOct 19, 2023
Amount Raised: $6,500,000
HighXP

Bangalore, Karnataka, India

HighXP focuses on social, casual games that are simple, aimed at a broad audience, and available on mobile platforms.

Casual GamesGamingMobile
SeedJun 13, 2023
Amount Raised: $2,199,524
Alltius Inc.

Los Angeles, California, United States

Alltius develops secure, accurate, and reliable generative AI assistants for products that bring the control of LLMs to product owners.

Artificial Intelligence (AI)Customer ServiceGenerative AIMachine LearningSoftware
Pre SeedMay 30, 2023
Amount Raised: $2,400,000
Showroom B2B

Noida, Uttar Pradesh, India

Building the largest B2B “Phygital” platform for $108 Bn fashion industry

B2BFashionInternetRetail
SeedJan 11, 2023
Amount Raised: $1,347,510