Meet 48 Women Torchbearers Of India’s Startup Investment Space

India’s entrepreneurial ecosystem has witnessed a tectonic shift in the past decade, and startup founders today are being celebrated across the board for creating billion-dollar companies, generating millions of jobs and spurring innovation. 

Trying to create a niche in this competitive landscape of Indian startups is the country’s growing band of trailblazing women entrepreneurs. From Nykaa’s Falguni Nayyar to Ruchi Kalra of OfBusiness, women leaders are at the forefront of driving India’s innovation and economic growth.

As per government data, of the 1.6 Lakh+ startups recognised under the Startup India initiative, more than half have at least one woman director. An Inc42 report estimates that women-led startups raised more than $930 Mn across 136 deals in 2024, up 93.75% from $480 Mn raised across 118 deals a year ago.

This evident spike in women-led startups is also reflected in the increasing strength of female investors in the country today. Many women cofounders, after successfully running many big companies, have also transitioned to the role of investors, helping India’s growing tribe of women cofounders grow even further. 

For instance, Swati Nangalia Mehra of Sixth Sense Ventures, Mamaearth’s Ghazal Alagh, and Vineeta Singh of SUGAR Cosmetics, among various others, are making their mark in the world of investing, helping to shape the future of India’s startup ecosystem. 

At Inc42, we’ve compiled a list of women investors who are making waves in the startup ecosystem, leveraging their playbook to build a more equitable future while leaving no stone unturned in their mission.

If you are a women investor or want to nominate a women investor in the startup ecosystem, reach out to us at [email protected]. This is a running list, and we would love to add more women who are changing the investing landscape in the Indian startup ecosystem.

Note: This is not an exhaustive list or ranking of any kind. We have placed investors in alphabetical order.

 

Here Are The 46 Women Investors Spearheading The Startup Investment Game In India

1. Aarti Gupta

As a veteran investment strategist, Aarti Gupta has been at the forefront of driving the business of her family office, DM Gupta Family, Jagran Group, since 2011.

Gupta also serves as the chief investment officer at Anikarth Ventures, an angel-investing firm that backs early-stage startups focussed on transformative solutions.

She also holds multiple positions ranging from being a National Head for FICCI FLO Startups, which focus on women founders and investors, to her association with Jindal Stainless Steels as an independent director.

Besides, Gupta leverages her investment strategy skills to contribute to several boards of family-owned businesses and startups. Furthermore, she also champions initiatives for women’s financial literacy, entrepreneurship and job readiness.

Gupta’s academic credentials include a PhD in Economics from IIT Kanpur, a post-graduate diploma in business studies from Harvard University and a Master’s degree in Economics from Northeastern University.

2. Anisha Singh

Anisha Singh is the founder of women-focused VC firm She Capital. She founded the VC firm in 2020 to stimulate more women founders to enter India’s startup ecosystem. Some of the portfolio companies of the VC firm are BrainSight AI, Clovia, Samosa Singh, Spark Studio, Elev8 India Sportz, and Nova Nova.

Earlier, she founded ecommerce platform MyDala and also headed B2B startup Kinis Software as its CEO. She has also worked as a manager with Centra Software.

She is mostly seen talking about women’s empowerment and supporting women-focussed businesses and startups.

3. Alia Bhatt

Bollywood superstar Alia Bhatt has also donned the hat of an investor and has quite an interesting portfolio. One of her prominent investments was in the beauty ecommerce marketplace Nykaa. Her investment grew more than 10X within months to INR 54 Cr when Nykaa got listed on the Indian bourses.

Bhatt’s portfolio also includes Mumbai-based personal styling platform Style Cracker and Kanpur-based biomaterial startup Phool.

Besides investing in other startups, Alia Bhatt has also set up her own startup in 2020, Ed-a-Mamma, which operates in the kidswear category.

4. Anjali Bansal

Founder and chairperson of climate-focused venture capital firm Avaana Capital Anjali Bansal has been actively investing in Indian startups. So far, Avaana has funded electric mobility startup Kazam, agritech platform FarMart, and HR tech unicorn Darwinbox.

The investment firm also marked the final close of its early-stage fund, called the Avaana Climate and Sustainability Fund at $135 Mn (around INR 1,135 Cr) in October 2024.

In addition to the aforementioned startups, Anjali has invested in various startups – Delhivery, Urban Company, Darwinbox, and Nykaa, to name a few.

Currently, Bansal is a member of the ONDC steering committee. She is also on the board of various Indian companies such as Tata Power, Nestle India, and Piramal Enterprises. She has also worked with TPG Growth, Spencer Stuart, McKinsey, and Dena Bank

5. Anjali Sosale

Anjali Sosale, partner at Waterbridge Ventures, plays a pivotal role in shaping the success of early-stage technology companies for the VC firm. With a special focus on consumer tech, ecommerce, and marketplaces, Sosale wants to enable the next wave of rural Indian internet users.

She is an active investor in startups such as BigFatPhoenix, BimaKavach, BitClass, EloElo, and Yellow Metal. 

In her previous stint, Sosale served as a senior director at Jabong (acquired later by Myntra) and also oversaw the brand accelerator programme at Myntra. Prior to that, she spent over a decade with EY as the vice president of transactions and corporate finance.

6. Ankita Vashistha

Ankita Vashistha is the founder of Saha Fund and StrongHer by Arise Ventures, which backs female-led early-stage startups operating in the fintech, health tech, consumer tech, and Web 3.0 segments.

She is currently associated with multiple names such as MySpaces, Tholons Capital, NASSCOM,  Aureos Capital, and Abraaj Group. In her nearly two decades of professional journey, she has worked with tech ventures, private equity and VCs across the UK, the US, and Asia.

Her startup portfolio comprises startups such as Licious, Uniphore, Fitternity, LoveLocal, Zumata, and Insta Health.

She got her master’s degree from the Cranfield School of Management, Stanford University, and is an alumna of Ramaiah Institute of Technology.   

7. Archana Jahagirdar 

Archana Jahagirdar is the founder and managing partner of Rukam Capital, an early-stage consumer-focussed VC fund. As one of the few women general partners in venture capital in India and globally, she is at the forefront of transforming the entrepreneurial and startup ecosystem. Since founding Rukam Capital in 2019, Jahagirdar has invested in over 18 startups across sectors, including Sleepy Owl, Go Desi, BECO, Pilgrim, Curefoods, Yoho, among others.

Her contributions to the startup landscape have earned her national recognition, including being nominated to the National Startup Advisory Council (NSAC).

Earlier in her career, Jahagirdar headed companies like Textron, Angelworks, and Espace Corporate, and worked as a journalist with major media outlets like The Times of India and Business Standard. She holds bachelor’s and master’s degrees in English literature from St. Stephen’s College, Delhi University. Her experience and sharp market intuition continue to shape India’s vibrant startup ecosystem.

8. Archana Priyadarshini

Archana Priyadarshini is a founder of Forward Slash Capital, which backs pre-seed to pre-Series A stage tech startups. The fund invests $50-100K into pre-seed and seed-stage technology-based companies.

Over the years, she has participated in more than 40 startup deals, which include Bare Anatomy, goNuts, Janni.ai, and BiteSpeed, to name a few.

At the moment, she is working as a partner at Endurance Capital. She has also worked with companies such as Wells Fargo, Bootcamp Fitness Studio, IBM and CGEY. She has done her B.Tech in chemical engineering from IIT Kanpur

9. Bala C Deshpande

Bala C Deshpande is the founder partner of Megadelta Capital, which is an India-focussed mid-market growth fund. It typically invests $15 Mn to 25 Mn of growth equity in startups across sectors such as consumer, healthcare, and enterprise tech.

Megadelta Capital’s portfolio includes startups such as ecommerce unicorn Firstcry and health tech startup GOQII, among others.

Deshpande has nearly two decades of experience in investment advisory. She started her investing career with ICICI Venture in 2001. Later, she joined global VC firm NEA to set up their India platform where she headed the practice for ten years and helped NEA US in investing and backing startups in the mid-market space.

10. Bharati Jacob

Bharati Jacob is the founder and managing partner of Seedfund, which invests in startups operating in diverse industries. She holds more than 25 years of experience in venture investing, marketing, and financial services.

Earlier, she worked with venture capital firm Infinity Venture Fund, investment bank Lazard, and aviation company Northwest Airlines.

An XLRI graduate, Jacob completed her MBA in marketing from the Wharton School, University of Pennsylvania.

11. Bhawna Bhatnagar 

Bhawna Bhatnagar is the cofounder of We Founder Circle (WFC), which invests in pre-seed to pre-series A-stage startups.

So far, she has invested in edtech OLL and F&B direct-to-consumer (D2C) startup Bored Beverages. Besides, she has also participated in six startup deals, including ParkMate, ParkMate, Quizy, and Commaful.

In 2025, WFC led the seed funding round in the D2C dinnerware brand BlackCarrot.

Prior to founding WFC, she worked with leading companies such as ByteDance, Cheetah Mobile and India Today.

After completing her bachelor’s in biochemistry from Delhi University in 2009, she went to the Indian Institute of Mass Communication and then earned her master’s degree in East Asian studies from Delhi University in 2014.

12. Debjani Ghosh 

Debjani Ghosh is currently the president of NASSCOM, an industry body representing the IT-BPM space. In her career of about three decades, she has worked with Intel Corporation and Yes Bank.

She has also been on Cisco’s India Advisory Board and served as an advisor to the FICCI S&T/Innovation Committee.

An MBA from S.P. Jain Institute of Management and Research, Debjani completed her graduation in political science from Osmania University. 

13. Deepika Padukone 

With five startups in her portfolio, Bollywood actor Deepika Padukone has recently donned the investor’s hat. She began her entrepreneurial journey by founding 82°E in 2021.

82°E, which is led by Padukone and Jigar Shah, has so far raised about $13 Mn from DSG Consumer Partners and IDEO Ventures, along with other investors.

Ka Enterprises mainly backs consumer and consumer-tech companies across the globe. Its portfolio companies include Epigamia, Furlenco, Blu Smart, Bellatrix, Playshifu, Atomberg, Front Row, Mokobara, Supertails, and Nua. 

14. Ghazal Alagh

Mamaearth’s cofounder Ghazal Alagh is an active angel investor. So far, she has backed more than 14 startups, including Humpy Farms, unScript AI, and Wishlink. Her startup portfolio also comprises companies like BlissClub, HumpyFarm and Uvi Health.

Before founding Mamaearth, she set up a fitness platform dietexpert.in, which shuttered its operations in 2013.  She has a BCA degree from Panjab University and holds certifications in visual arts from New York Academy.

15. Harsha Kumar

Harsha Kumar is a partner at VC firm Lightspeed India Partners Advisors. Her journey began as a software engineer and product manager at Persistent Systems in 2009, followed by a stint at the American online gaming startup Zynga in 2012. She pursued an MBA degree from INSEAD while advancing her career.

In 2014, Kumar joined Ola as the product head, contributing to its exponential growth from 3,000 rides per day to a million rides a day by the time she concluded her tenure in 2016. Her instrumental role in scaling up Ola’s product significantly contributed to its unicorn valuation.

At Lightspeed Venture, Harsha has been actively involved in various investments since 2016. Notable investments include API marker Setu, digital ledger OkCredit, vernacular audiobook app PocketFM, and product manager hiring platform Upraised.

16. Ishani Chanana

Ishani Channa, partner investments at Sarcha Advisors, plays a pivotal role in managing family office investments and shaping capital allocation strategies across a diverse spectrum of assets, encompassing equity, debt, and alternative investment opportunities, with a significant focus on startups.

With investments in over 60 startups, including notable names like BluSmart, Josh Talks, STAGE, TrulyMadly, Prescinto, and The New Shop, and active participation in 20+ follow-on rounds, Ishani has been instrumental in nurturing entrepreneurial talent and fostering innovation.

In addition to her role at Sarcha Advisors, Chanana is an angel investor and has stakes in startups like JumpingMinds, BatX Energies, Yatrikart, Newmi, and Jobsgaar.

Prior to her current role, Ishani spent nearly four years at a hedge fund within Edelweiss Financial Services, where she honed her skills in buy-side research. Her work involved in-depth analysis of Indian-listed companies across diverse sectors, making valuable contributions to investment decisions within the fund.

17. Kanika Mayar 

Kanika Mayar is a partner of Vertex Ventures, which infuses money in seed to Series B-stage startups operating in Southeast Asia and India. Vertex’s portfolio companies include Grab, Patsnap, 17Live, Nium, FirstCry, Licious, AsianParent, Validus, and Warung Pintar, among others.

So far, Kanika has participated in four startup deals – Chatty Bao, Proactive For Her, Onato and Karkhana.io. She has also worked with leading companies such as IFC, TechnoServe, Goldman Sachs, and Ernst & Young.

A graduate of economics from the prestigious Lady Shree Ram College, Kanika completed her MBA from IIM Ahmedabad.

18. Namita Thapar

Namita Thapar is the executive director of India Business for Emcure, a pharmaceutical company. Thapar rose to fame after she joined the TV Show “Shark Tank India” as one of the sharks.

Thapar is said to have invested in about 80 startups so far, including SUGAR Cosmetics, Snitch, Janitri, Sahayatha, and Perfora, among others.

A chartered accountant from The Institute of Chartered Accountants of India, Namita holds an MBA degree from the Fuqua School of Business.   

19. Nandini Mansinghka

Nandini Mansinghka is the co-promoter and CEO at Mumbai Angels Network. She is also a founder investor at Digibooster, a content marketplace. Over the years, she has participated in more than 55 startup deals.

Founded in 2006, Mumbai Angels Network invests in early-stage startups in India. The network backs a slew of startups such as Adsparx, Adonmo, and BabyChakra, among others.

After her graduation (BCom) from the University of Calcutta, she completed her CFA from the Institute of Chartered Financial Analysts of India

20. Nruthya Madappa 

Nruthya Madappa assumed the role of partner at the early-stage VC firm 3one4 Capital earlier this year, where her primary responsibility is to enhance and fortify the firm’s portfolio.

Her journey at the venture capital firm began in 2020 when she joined as a principal and took charge of growth and capital development.

Demonstrating exceptional leadership and strategic acumen, she swiftly progressed to the position of director for the growth and capital vertical in the subsequent year.

21. Padmaja Ruparel

Padmaja Ruparel is one of the cofounders of the Indian Angel Network. She is also recognised as a key player in the Indian entrepreneurial ecosystem.

So far, she has participated in over 16 startup deals, which include names like Phool, Nivesh, Sirona Hygiene, goStops, and Dhruva Space, among others.

Last year, Indian Angel Network launched the IAN Alpha Fund, a SEBI-registered category II venture capital fund, worth INR 1,000 Cr.

So far, Indian Angel Network has invested in over 181 startups. Some of its portfolio companies are Zypp Electric, Crest, Huddle, Elctrifuel, Indium Finance, and Sirona Hyginene, among others.

Before starting her journey in the Indian startup ecosystem, Ruparel worked as the head of corporate communications at the UK-based Xansa.

22. Paula Mariwala

Paula Mariwala has been an early-stage investor for more than 15 years, and is a founding partner of Mumbai-based Aureolis Ventures, and the founder of Stanford Angels & Entrepreneurs India.

A Stanford alumna, Paula invests in early-stage startups and has been a key investor in Tapchief, Tread, Browntape, Thinklabs, RedBus, and Carwale, among others. In terms of sectors, she has been actively investing in segments like technology, sustainability, social impact, women empowerment, and education.

Paula is a member of the governing council of the Foundation for Innovation and Technology Transfer, IIT Delhi. She is also on the board of the Center for Human Rights and International Justice at Stanford University.

23. Pearl Agarwal

Pearl Agarwal is an active angel investor, with investments in 22 startups across sectors such as web3, fintech, edtech, gaming, and SaaS in India and the United States. Some of her notable investments include InFeedo, BluSmart Mobility, GroMo, Trell, and Redwing Labs.

Pearl is also the founder and general partner of Delhi-based VC firm Eximius Ventures, which has its investments in startups such as Eka.Care, Jar, iTribe, Fego, Zorro, KalaGato, Oyela, Flux, Stan, Fleek, and Skydo.

Before becoming a full-time investor, Pearl worked at Merril Lynch. Pearl has also worked in the private equity sector with names like UTIMCO and Global Infrastructure Partners.

She also cofounded DotReview, along with Jasveer Singh, a platform where first-time investors can learn about startup funding.

24. Priyanka Chopra

Priyanka Chopra, in her capacity as the managing partner at IIMA Ventures (rebranded from CIIE.CO in 2024), assumes a pivotal role in the startup ecosystem, particularly focussing on digitisation, deeptech, climate tech, and financial inclusion.

With a dedicated commitment to empowering women entrepreneurs, she takes the lead in spearheading accelerator and incubation programmes.

These initiatives are designed to enhance skills, promote technology adoption, establish a robust online presence, drive customer engagement, and facilitate strategic partnerships.

Chopra has significantly influenced over 1,200 startups through various IIMA Ventures’ programmes. Notable startups under her guidance include Razorpay, which turned into a unicorn in 2020.

25. PV Sindhu

Beyond her achievements as an Olympian, PV Sindhu has actively invested in various startup ventures. Her investment portfolio reflects her passion for fitness, wellness, and promoting healthier lifestyles.

She began her journey as an investor in 2017 by backing Hyderabad-based healthcare services startup CallHealth. Since then, she has expanded her portfolio to include agritech startup Greenday’s FMCG brand, Better Nutrition, and D2C wellness brand Hoop in 2024.

26. Raakhe Kapoor Tandon

Raakhe Kapoor Tandon runs a family office – The Three Sisters: Institutional Office – with two of her sisters, Radha and Roshini Rana Kapoor. Raakhe, Radha and Roshini are the daughters of Rana Kapoor, the founder and MD of Yes Bank.

Under the family office, Raakhe founded ART Capital (India), an investment vehicle. The Three Sisters also has its investments in Delhi-based Awfis Space Solution, a real estate tech startup.

A Wharton alumna, Raakhe has founded two more ventures under ART Capital – ART Housing Finance (India) and Rural Agri Ventures India.

While ART Housing Finance provides long-term mortgage finance to retail customers, Rural Agri Ventures is an incubation/project development firm focussed on agritech startups. 

27. Rema Subramanian

Rema Subramanian is the co-founder and managing partner at Ankur Capital Fund, which backs early-stage startups in the agritech, fintech, health tech, and edtech segments.

She is currently working as an advisor consultant at DY Works. Earlier, she has worked with various Indian companies such as Dasra, ADTS, Element K India, Zee Interactive Learning, Ion Exchange, Datamatics and JK (Raymonds).

So far, Rema has participated in more than four startup investment deals. These names include SportVot, Josh Talks, MyCaptain, and Banyan Environmental Innovations.

A cost accountant from ICFAI, Rema has worked across education and IT/ITES, taking young companies from scratch to midsize ventures.

28. Renuka Ramnath

Renuka Ramnath is the founder and CEO of Multiples Alternate Asset Management, a Mumbai-based venture capital firm that has supported startups such as Delhivery, ACKO, Dream11, MoEngage, and LivPure, among others.

Ramnath founded Multiples in 2009 with the vision of creating a highly respected, sustainable, and successful institution focussed on alternative asset investments in India. Fifteen years later, Multiples manages nearly $3 Bn in assets and has a portfolio of 30 companies across three funds.

An alumna of Harvard Business School, Ramnath also serves on the board of the Multiples Good Faith Foundation, a scholarship programme that provides financial and skill-development support to children from disadvantaged backgrounds.

With over three decades of experience in financial services, Ramnath previously served as the managing director and CEO of ICICI Venture for eight years. Between 1986 and 2001, she held various positions within the ICICI Group.

29. Ritu Verma

Ritu Verma, the cofounder of Ankur Capital, has backed several startups over the years. Some of the companies in her portfolio include names like CropIn, ERC, HealthSutra, Big Haat, Niramai, Tessol, Suma Agro, and Karma Healthcare.

So far, Ankur has invested in over 30 portfolio companies, including seafood B2B platform Captain Fresh, biotech startup String Bio, battery chemistry developer Offgrid Energy Lab, and agri inputs marketplace BigHaat.

At present, she is acting as a board observer in various Indian companies such as BigHaat India, String Bio, VEGROW and Niramai. She is also on the board of Godrej Agrovet and CropIn.

Earlier, she worked with Truven, Philips and Unilever. She has a PhD in physics from the University of Pennsylvania and an MBA from INSEAD.

30. Roopan Alakh

Roopan Alakh has over 15 years of experience spanning venture capital, corporate development, and technology. She currently serves as the managing director of pi Ventures, where she focuses on investing in early-stage deeptech startups across diverse sectors such as artificial intelligence, space tech, and healthcare. 

Passionate about cutting-edge technologies, Alakh has been instrumental in backing prominent startups, including Agnikul, a leading space tech venture, and Wysa, a popular AI-driven mental health platform.

Before joining pi Ventures, she began her investment career at Applied Ventures, the corporate venture capital arm of Applied Materials. She invested in early- to growth-stage startups in transformative fields like robotics, semiconductors, and renewable energy in that role. 

Prior to transitioning into the investment world, Alakh worked as a technologist in deeptech, giving her a solid foundation in the technical aspects of the businesses she now invests in. 

She holds a bachelor’s degree in technology from NIT Jalandhar and an MBA from the Indian School of Business (ISB) in Hyderabad. 

31. Ruchi Kalra 

Ruchi Kalra, who cofounded B2B building material marketplace OfBusiness in 2016, helms the financial affairs at one of the few profitable new-age tech startups in the country. 

An alumna of the prestigious Indian Institute of Technology Delhi, Kalra studied chemical engineering and then went on to work at Evalueserve for a couple of years. Afterwards, Kalra enrolled at the Indian School of Business in Hyderabad and completed her MBA.

Immediately after that, Kalra landed a job at McKinsey & Company and was entrusted with overseeing the insurance and retail banking sector. After nine years working at the consulting firm, Kalra took the plunge into the world of entrepreneurship and helped found OfBusiness.

Not stopping there, she has helped scale the business to new heights while she has also continued investing in multiple other businesses as an angel investor. She has invested in as many as 18 startups, as an angel, including seafood marketplace Captain Fresh, tyre marketplace TyrePlex, women-led lifestyle brand FableStreet, and B2B pharmacy marketplace Saveo, among others.

32. Salone Sehgal

Salone Sehgal is the founding general partner of Lumikai Fund, India’s pioneering early-stage interactive media VC with a $100 Mn + investment target to shape the future of interactive media in India. Sehgal holds an MBA from IESE Business School, Spain.

With over 18 years of experience in media VC, entrepreneurship, and M&A banking, Sehgal has worked across Europe and India, helping companies from seed to IPO. Before Lumikai, she was a principal at London Venture Partners, where she helped grow numerous interactive media companies.

Previously, she cofounded TrulySocial, a UK-based company creating immersive social worlds, and served as vice-president at Barclays, where she led digital strategy and business development. Sehgal also has M&A experience with Morgan Stanley.

Sehgal serves as a charter member of TIE and is on the VC committee of IAMAI. She is also part of several task groups of CII, India Digital Gaming Society, and AVGC.

33. Samantha Ruth Prabhu

Samantha Ruth Prabhu, a leading figure in the South Indian film industry, has been investing in Indian startups since 2022. Her portfolio includes startups such as ecommerce marketplace SustainKart, D2C superfoods brand Nourish You, and casual wear brand The Souled Store.

In October 2024, Inc42 reported that the actress Samantha Prabhu pumped an undisclosed amount of capital in Secret Alchemist and joined the D2C wellness startup as a cofounder. 

Her entrepreneurial journey began in September 2020 when she cofounded the D2C fashion and lifestyle brand Saaki with former Miss India contestant Sushruthi Krishna. Additionally, in 2019, she cofounded an academic institution Ekam alongside Mukta Khurana and Shilpa Reddy.

34. Seema Chaturvedi

Seema Chaturvedi, the founder and managing partner of Achieving Women Equity (AWE) Funds, boasts an impressive 25+ years of track record in capital markets and financial management. Her primary mission is to drive gender equity in entrepreneurship.

A staunch advocate for entrepreneurship with a specific focus on women’s empowerment, Chaturvedi aims to empower 30 Mn women in India by 2030 through AWE Funds.

She also chairs TiE Global’s prominent initiative, the Project All India Roadshow for Women’s Economic Empowerment through Entrepreneurship (AIRSWEEE), securing funding from the US Department of State for six consecutive rounds.

Earlier this year, AWE Funds announced the first close of its maiden fund in India – the Achieving Women Entrepreneurs Early Growth Fund I – at $15 Mn. While promoting gender equity and climate action as a strategy, the fund aims to invest in scalable innovations in sectors such as climate tech, agritech, health tech, edtech and fintech.

35. Shagun Tiwary

Shagun Tiwary is a senior principal at Verlinvest, a Belgium-based investment firm. She is equipped with 12 years of work experience and has invested in companies across consumer and healthcare services such as Dr Lal PathLabs, Indira IVF, Epigamia, and Veeba.

Prior to joining Verlinvest, she worked at TA Associates and Nomura in Mumbai, where she focussed on growth equity investment and capital market transactions. She holds a master’s degree in economics from the Delhi School of Economics, University of Delhi.

Verlinvest is largely involved in late stage venture capital funding and mid-market private equity. Typically, the firm invests between $20 Mn and $200 Mn in startups, depending on the stage they are in.

36. Shanti Mohan 

Shanti Mohan is the founder of LetsVenture, a Bengaluru-based investor network that allows angels and HNIs to invest in startups. She has also founded trica, a platform that allows people to invest in startups and private equity.

In the last few years, she participated in more than 10 startup deals, which include Minko, Simply Services, Bimaplan, and Aulerth.

In September 2024, LetsVenture launched LV Debt, a marketplace designed to educate founders and offer debt financing tailored to the specific requirements of startups.

With LetsVenture, Shanti has invested in startups such as Absolute Foods, Agnikul, BharatX, CityMall, Dukaan, Trell, Yulu, Blusmart, and The ePlane Company, among others. Her personal portfolio comprises Siply, Minko, and Bimaplan.

Shanti is an active angel investor and part of the SEBI advisory AIF committee. She is also active with the RBI Council on startup funding. Further, Shanti is part of the startup committees of several states in India.

37. Shilpa Shetty Kundra

Bollywood actor Shilpa Shetty Kundra has been actively supporting startup ventures as an investor for some time now. Her investments have largely focussed on the D2C sector, tapping into its growing market potential.

She has backed brands such as skincare company Mamaearth, women-focussed upskilling platform Hunar Online, nutraceutical brands Fast&Up and Chicnutrix, agritech startup KisanKonnect, and ready-to-cook brand WickedGud, among others.

In 2024, she invested in kids’ clothing brand Zip Zap Zoop and health foods brand Alpino.

38. Shrishti Sahu

The founder of Hustle Hard Ventures, Shrishti Sahu, has been actively supporting Indian startups and has so far backed more than 55 startups, including Plum, Kutumb, Rupifi, Chingari, 10Club, Leap Club, Eeki Foods, GrowthSchool, Accacia, Descrypt, and Gold Setu, among others.

Sahu shared that she writes off cheques between INR 3 Lakh and INR 25 Lakh for homegrown startups.

Currently, she is a managing partner and angel investor at Swadharma Source Ventures. She has also worked with multiple companies like Emoha Eldercare, Facebook, Lumis Partners, Aqaya Source Foundation, and Aqaya. She completed her graduation from the University of Warwick.

39. Shruthi Cauvery Iyer

Caha Capital founder Shruthi Iyer is an active angel investor, who is overseeing two early-stage startups’ expansion strategies. She administers Wharton Alumni Angels (South Asia) and HBS Alumni Angels.

Earlier, she worked with international companies such as Agate Medical Investment LP, PT Perintius,  International Finance Corporation (IFC), and Eastern Energy Resources. She is one of the cofounders of the ecommerce startup Blend8.

She did her MBA from the Wharton School and completed her B.Tech from Visveswaraya Technological University, Karnataka.  

40. Sowmya Suryanarayanan

Sowmya heads the impact and ESG functions at Aavishkaar Capital – an impact fund manager that invests in impact enterprises across India, South and South East Asia and East Africa. She is responsible for delivering significant impact, gender and ESG value across Aavishkaar’s various impact funds and portfolio companies.

At Aavishkaar, Sowmya has helped invest in sectors such as agritech, financial inclusion, and essential services. Some of the portfolio companies of Aavishkaar Capital include Nalanda Learning Systems, GoBolt, Milk Mantra, and Seven Ocean, among others.

41. Sunitha Viswanathan

Sunitha Viswanathan is a partner at the early stage VC firm Kae Capital. With over a decade of experience in venture investment, banking, and technology, she brings a wealth of expertise to her role.

Kae Capital, founded in 2012, has backed 82 startups, including notable names like Porter, Zetwerk, Nazara, and Tata 1mg.

Prior to joining Kae Capital, Sunitha spent over 8 years at Unitus Ventures, an early stage VC fund based in Bangalore. During her time there, she served on the boards of Cuemath, Masai School, Salesken, Awign, and Blowhorn, among others. She also gained experience working with mid-market clients at YES Bank.

Sunitha holds a bachelor’s degree in Electronics and Communications Engineering from PES Institute of Technology, Bangalore and a Master’s in Finance from S.P. Jain Institute of Management & Research, Mumbai.

Her investment focus spans sectors such as fintech, consumer tech, D2C, and Healthtech. Notable companies in her portfolio include Assurekit, Bold Finance, Everheal, Foxtale, Freightwalla, Nua, Supernova, Traya Health, and Wysa.

42. Surabhi Washishth

Surabhi Washishth, the founding partner of Paradigm Shift Capital, has been actively supporting the Indian startup ecosystem.

So far, she has investments in 20 startups, including Ixana, Zeda, Landeed, Praan, Samudai and Arcana Network. In her personal capacity, she writes cheques between $250K and $300K for startups.

At present, she is acting as a ‘Global Shaper’ with the World Economic Forum. She has also worked with multiple companies such as WeWork India, Headout, Target, AOL, and ING Life, among others. She has a B.Com degree from Christ University, Bengaluru. 

43. Swapna Gupta 

A prolific investor, Swapna Gupta is currently a partner at Avaana Capital, a climate-focused VC firm. Before joining Avaana Capital, Swapna spent more than seven years at Qualcomm Ventures, where she led India investments.

She is an investor and board observer in multiple Indian startups, including Locus, Shadowfax, Ninjacart, Zuddl, FabHotels, MoveInSync, Reverie, Stellapps, and attune, among others.

Swapna also launched Qualcomm Women Entrepreneurs India Network (Qwein), a networking, learning, and mentoring programme for deeptech, and early-stage female entrepreneurs in India.

Surprisingly, she is the only Indian on the list. She is also part of the prestigious Global Kauffman fellows programme.

44. Swati Nangalia Mehra 

Swati Mehra’s tryst with investments began long ago. One of her first jobs was to oversee investment research in the consumer space. The job came in handy when she decided to take the plunge into the world of investing. 

In 2014, she helped cofound Sixth Sense Ventures, the country’s first domestic and consumer-focussed venture fund. Since then, the firm has invested in a host of new and emerging D2C brands that have created a niche for themselves.

Nangalia Mehra has helmed the venture fund, which has invested in a slew of emerging brands, including homegrown beer brand Bira91, men’s grooming and personal care brand Bombay Shaving Company, and gaming and entertainment platform Smaaash. She also has stakes in CarterX, Pariksha, and ProcMart. 

45. Tarana Lalwani

Tarana Lalwani is a founding partner of InnoVen Triple Blue Capital, which has backed multiple startups such as Zetwerk, Chaayos, Ather, slice, and Bounce.

As an angel investor, Lalwani bets on startups working in the consumer, consumertech, health tech, fintech, and SaaS sectors. She also holds expertise in pre-seed to Series D funding rounds via equity and debt instruments.

Presently, she is an advisor at Aureolis Ventures and a senior director at InnoVen Capital India. Earlier, she worked with companies like Anand Rathi Securities, Kae Capital, SeedFund, Edvance Learning, Webaroo, Radian Group, and Morgan Stanley.

She is also on the advisory board of Oscar Foundation and CII. Not only this, Tarana is currently part of the venture capital and private equity committee of IMAI (Internet and Mobile Association of India).

She holds an MBA degree from Columbia Business School and a bachelor’s degree from La Salle University. 

46. Vani Kola 

Vani Kola is the founder and managing director of the early-stage VC firm Kalaari Capital. She has led over 30 investments at Kalaari. Some of the prominent names include Dream11, Myntra, Cure.fit, and Snapdeal.

Vani is currently on the board of CXXO. She has also worked with Certus Software and RightWorks. She likes mentoring first-time entrepreneurs and ushering them into becoming seasoned business leaders. So far, she has participated in over 63 startup deals. Some of these names include Climbes, Bombay Play, Zocket, StanPlus and Zluri, among others.

After graduating from Osmania University, she completed her master’s degree from Arizona State University.

47. Varsha Tagare

Varsha Tagare is the managing director at Qualcomm Ventures where she manages a $150 Mn fund dedicated to India and cross-border digital enterprise investments.

Prior to joining Qualcomm Ventures, Tagare served as an investment director at Intel Capital, responsible for global equity investments in mobile technology.

At Qualcomm Ventures, she has led and managed investments in Capillary Technologies, Ideaforge, MapMyIndia, among others. 

48. Vineeta Singh

Widely popular for being featured on Shark Tank India, Vineeta Singh is the CEO and cofounder of beauty and personal care brand SUGAR Cosmetics. Singh is an alumna of the prestigious Indian Institute of Technology, Madras and the Indian Institute of Management, Ahmedabad.

Singh is a serial entrepreneur and the founder of FAB BAG, a beauty and grooming subscription startup. Since appearing on Shark Tank India, Singh has shot to fame and has invested in a slew of Indian startups featured on the show.

As an angel investor, Vineeta Singh has participated in multiple fundraisers. Some of her bets include Padcare Labs, JhaJi Store, Snitch, and Josh Talks, among others.

Note: The information has been collected from available public resources and websites.

If you are a women investor or want to nominate a women investor in the startup ecosystem, nominate us at [email protected]. This is a running list (and not a definitive one), and we would love to add more names who are changing the investing landscape in the Indian startup ecosystem. 

Last updated on February 07, 2025