India’s startup ecosystem is entering a new phase, with artificial intelligence, deeptech, semiconductors and other frontier technologies emerging as key drivers of the country’s next innovation cycle. As founders move beyond conventional digital business models to build technology-intensive companies, VC firms are increasingly shifting towards businesses that can create long-term technological and economic value. Several leading venture capital firms are therefore sharpening their investment theses around AI, deeptech and other emerging technologies, backing startups that could shape India’s next decade of innovation.
Here are five VC firms that are increasingly positioning themselves at the forefront of this shift.
Finvolve
Finvolve is a multi-thesis venture capital platform supporting startups across multiple stages, from seed through pre-IPO, with a centre of gravity in growth and late-stage capital. With INR 350+ Cr deployed across 60+ startups spanning defence & aerospace, deeptech, consumer, impact, and energy, Finvolve partners with founders to provide growth capital, strategic guidance, and long-term support, helping companies scale sustainably. The platform manages six funds across multiple stages, enabling it to support companies throughout their growth journey.
Peax XV Partners
A global VC firm with 20+ years of experience partnering deeply with founders to build enduring companies. $10B+ assets under management, 450+ investments, 36 IPOs in 5 countries. Peak XV began its journey in 2006 as Sequoia Capital India, later expanded into Southeast Asia. In 2023, Sequoia Capital restructured its global business into independent entities, leading to the creation of Peak XV.
Exfinity Ventures
Exfinity Ventures is an early-stage venture capital firm investing at the intersection of Enterprise Tech and Deep Tech across the US-India-Singapore corridors. The firm backs visionary founders solving global problem statements in AI, NextGen Computing, Robotics, Cybersecurity, Industrial Automation, Healthcare, and Enterprise AI. With three successful funds, and 40+ portfolio companies, their partnership extends far beyond capital: they bring operating experience, cross-border GTM expertise, and board-level governance.
Chiratae Ventures
Chiratae Ventures is a leading India-focused technology venture capital fund. The funds advised by Chiratae Ventures India Advisors collectively have over $1.3 B under AUM across 7 funds, with 4 IPOs, 8 Unicorns and 56 Exits. Chiratae has invested in over 130+ companies across sectors including ConsumerTech, FinTech, HealthTech, DeepTech, SaaS, and others.
Blume Ventures
Blume Ventures is an early-stage India-focused venture fund that backs startups with both funding and active mentoring. Blume typically invests in Seed and pre-Series A rounds in tech-led startups led by founders obsessed with solving hard problems for the Indian market and from India for the world. Blume has an AUM (Assets Under Management) of over $800 million across five core funds and continuity and opportunity vehicles, managed by an investment team based across Bengaluru, Mumbai, Delhi, and San Francisco. Some of the leading startups Blume has backed include Purplle, Cashify, Ultrahuman, Spinny, slice, Turtlemint, and Servify.