A Fund by Founders

By Founders. For Founders.
With Founders.

India Founders Fund backs gritty founders turning futuristic ideas into game-changing companies. A ₹500 crore, India-focused, early-stage fund — managed by entrepreneurs who have been in the arena.

Scroll · 01
The Thesis · 02

India is no longer emerging.
It is arriving. Over the next decade, Indian companies are projected to add US $7.5 trillion in market capitalisation — of which roughly US $2 trillion will be created by a single generation of digital founders. We intend to back a meaningful share of them.

Fund Size
0₹ Cr
Structure
SEBI Cat II AIF
Term
10 + 2 years
Status
Currently raising

Source: aggregated public projections (Morgan Stanley, McKinsey Global Institute, Bain & Company India research). Replace with the specific report you wish to anchor to before sharing publicly.

Investment Mandate · 03

What we back.

Stage
Seed → Series A
Pre-product is fine if the founder is exceptional.
Check size
₹2 — 15 Cr
~50% reserves for follow-ons into winners.
Geography
India-first
Built in India, scaling globally welcome.
Sectors
Sector-agnostic
Bias to consumer, gaming, SaaS, mobility, healthtech.
Ownership
5 — 12%
Target meaningful stake without crowding the cap table.
Decision speed
2 — 3 weeks
From first call to term sheet. Founders deserve clarity.

Sixty founders.
One living network.

Managing partner's prior angel & Nazara-era track record — the relationships, learnings, and pattern recognition that Fund I is built on.
15 named 45+  additional Hover to reveal
60+ nodes  ·  Live network  ·  1 IPO  ·  5 with 10x markups Move your cursor over the larger nodes to reveal portfolio names.
View named portfolio companies
  • NazaraIPO 2021 · BSE-listed
  • Nodwin GamingeSports
  • SportskeedaSports publishing
  • KiddopiaKids learning
  • Paperboat AppsKids content
  • MoevingEV mobility
  • StockGroSocial investing
  • RigiCreator monetization
  • Zypp ElectricLast-mile EV
  • RaahoTrucking marketplace
  • LystoConsumer NFTs
  • TradexInsurance · B2B
  • Biryani by KiloConsumer brand
  • Saarthi.aiConversational AI
  • ZendutyDevOps · SaaS

Track record shown reflects investments made by the managing partner personally and via Nazara prior to Fund I. Past performance of unrelated investments does not predict Fund I outcomes. Fund I is currently deploying — portfolio additions will be disclosed to LPs via formal reporting.

Operating Support · 04

Beyond capital: five pillars we stand on for every founder in our fund.

01

Capital

Fast decisions. Competitive terms. Check sizes ₹2–15 Cr, reserved 50% for follow-ons into winners.

02

Culture

Executive introductions, talent searches, org-design playbooks — culture is the compounding edge.

03

Go to Market

Customer intros, partnership access, legitimacy with enterprise buyers from day zero.

04

Governance

Finance playbooks, IPO & M&A readiness, board discipline — what operators need, not what investors pretend to know.

05

Globalization

Market entry best-practices and relationships in the US, Middle East, and Southeast Asia.

Building this generation of Indian companies with us?

Request Access
Managing Partner · 05

In March 2021, I rang the bell at the BSE for India's first listed gaming company. Nazara had taken twenty-two years to get there. I have spent the years since helping sixty other founders find their bell to ring — and India Founders Fund exists for the ones still on their way up.

Nitish Mittersain — Managing Partner, India Founders Fund
GP Track Record
0+ angel bets
Across SaaS, mobility, healthtech, gaming, consumer.
0· Nazara IPO
India's first listed gaming company. Led as founder & MD.
0× 10x
Nodwin, Sportskeeda, Paperboat — all 10x in three years.

Reflects investments made by the managing partner personally and via Nazara prior to Fund I. Past performance of unrelated investments does not predict Fund I outcomes.

Limited Partners · 06

This fund is not open to everyone.

Access is granted selectively. Our LPs are founders, operators, family offices, and institutions who understand early-stage risk — and bring more than capital to the table.

If you believe you belong in this journey, share a few details. We respond personally to every qualified inquiry.

  • Minimum commitment: ₹1 crore per investor (SEBI AIF requirement).
  • Qualified as a sophisticated investor under SEBI AIF Regulations, 2012.
  • Open to a 10-year fund life with a commitment period of three years.
Request Access · Form 001 Encrypted

We review every request personally. Qualified prospective LPs receive the Private Placement Memorandum on request, subject to SEBI AIF regulations.