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Family Office Tracker: Here’s The List Of 200+ Investors Betting Big On Startups
Over the past decade, the Indian startup ecosystem has undergone a remarkable transformation. With over $150 Bn in funding raised by 2024, India now stands as one of the most vibrant hubs for innovation and entrepreneurship globally.
However, while foreign venture capital (VC) firms and global investors dominated the early stages of this growth, a significant shift is underway. Domestic investors have started to take the reins of investments in the country, with Indian family offices leading the way.
This is happening at a time when the foreign direct investment (FDI) inflow is on a downward spiral. Notably, FDI into India fell more than 16% to $70.9 Bn (about INR 6 Lakh Cr) in FY24, from $84.8 Bn (about 7.2 Lakh Cr) in FY23. Unfortunately, the situation this fiscal does not seem very rosy.
With foreign capital drying up, the spotlight is now on Indian family offices to step up and invest more in the private sector. As vital sources of patient capital, their support is crucial for sustaining the startup ecosystem in these challenging times.
Traditionally focussed on managing real estate, equity and fixed-income portfolios, family offices in India have broadened their horizons to include alternative investments, particularly in startups.
The growing maturity of India’s startup ecosystem, coupled with the rise of IPO-bound ventures, is attracting family offices to startups as investment class.
The increasing interest and participation can also be attributed to factors like millennials and GenZ inheriting family wealth and finding new and interesting investment avenues.
But why is everyone looking at Indian family offices with hope? Well, the sheer reason is that, unlike VCs, they have the heart to invest for the long term, making them a treasure trove of patient capital. This makes them a perfect match for sectors like deeptech, cleantech and semiconductor where research and development take precedence and final products may take several years to disrupt market dynamics.
Besides, family offices come with a deep understanding of the Indian market, consumer behaviour, and regulatory landscape. This allows them to provide not just capital but also strategic guidance to startups.
For instance, Azim Premji’s family office PremjiInvest has backed about 51 startups. Among them are names like Mintifi, GIVA, Purplle and The Sleep Company, which today are well-established ventures. Similarly, Lido Learning, Lenskart, and Easypolicy emerge from the stable of Ronnie Screwvala’s family office, Unilazer Ventures.
While these are just two of the many examples paving the way for the success of new-age tech ventures in the world’s third-largest startup ecosystem, we have decided to compile a list of Indian family offices that are navigating the investment scene in these times of distress.
Editor’s Note: This is not a ranking of any kind; family offices are listed alphabetically. It is a dynamic tracker that will be updated periodically. For any queries, additions, or updates, reach out to us at editor@inc42.com. View our methodology and disclaimer here.
Name Type Headquarters Owned/Managed By Deal Count (Since 2014)
Notable Startups Backed
1Digi Single Family Office Dubai Raghu Subramanian 4
Actyv.Ai, Kneady Retail Technologies
2M Companies Single Family Office Dallas Morton H. Meyerson 2
Nxcar, Wyl Cards
6G Capital Single Family Office Mumbai The Allana Group 2
Chatfood, Aquaconnect
Aakash Emprise Single Family Office Delhi NCR Aakash Choudhary 8
Simplilearn, Bombay Shaving
Aarii Ventures Single Family Office Mumbai Kothari Family, Ketan Kothari, Priyank Kothari 39
Dhruva Space, CoRover.ai, BluSmart Mobility
Aarin Capital Multi Family Office Bengaluru Mohandas Pai 26
88Academics, Magic Crate, Faircent
Accomplice Single Family Office Boston Jeff Fagnan, Ryan Moore. 2
Veera, DefiDollar
ACP Partners Family Office Single Family Office Bengaluru Alok Oberoi 1 Loconav Acuitas Capital Multi Family Office Mumbai Dinesh Vaswani 2
Faraday Future, Ideanomics
Aditya Vuchi’s Family Office Single Family Office Hyderabad Aditya Vuchi 1 Exoticamp Ajax Capital Single Family Office Delhi NCR Ajay Gupta 2
Your-Space, Jumbotail
Al Falaj Investment Single Family Office Abu Dhabi Hamdan Al-Ketbi 1 Maxwholesale Alchemie Ventures Single Family Office Mumbai Chandrakant Gogri 1 Prozeal Infra Almoayed Ventures Single Family Office Manama Talal Almoayed 2 Bizztm, Zoko Alpha Capital Family Office Single Family Office Delhi NCR Jeff Shipley 5
Raiinmaker, Kuros Biosciences, Diagnostic Robotics, Nanofabrica
Alto Partners Multi Family Office Multi Family Office Singapore Jim Quismorio 10
Jackett, Vouch, Gajigesa
Amaya Ventures Single Family Office Singapore Amit Khanna, Diya K and Ameera K 21
Lxme, Hono, Leverage Edu
Amitabh Bachchan Family Office Single Family Office Mumbai Amitabh Bachchan 6
Swiggy, Macmerise
Anand Mahindra’s Family Office Single Family Office Mumbai Mahindra Family 1 Ahaguru Ananth Narayanan Family Office Single Family Office Bengaluru Ananth Narayanan 8 Elda Health Anikarth Ventures Single Family Office Kanpur Dr. Aarti Gupta 29
GenWise, GetePay, Clensta
Apar Industries Family Offices Single Family Office Mumbai Chaitanya Desai 1 Sublime Life Aroa Ventures Single Family Office Delhi NCR Ritesh Agarwal, Gaurav Gulati 11
Unacademy, Miko, Freight Tiger, Easy Eat
Arora Family Holdings Single Family Office Delhi NCR Surinder Arora 1 Adrak Artha Impact Single Family Office Zurich Audrey Selian 8
Leap Skills, Biosense, Farm Folks Agro
Artha India Ventures Single Family Office Mumbai Ashok Kumar Damani, Mr. Ramesh M. Damani, Anirudh A Damani 109
Galaxeye, Purplle, Rapido
Ashok Goel Family Office Single Family Office Mumbai Ashok Goel 2
Renovel Innovations, Shrotra Enterprises Private Limited
Ashok Wadhwa Family Office Single Family Office Mumbai Ashok Wadhwa 3
Grayquest, Hbits
Asit Koticha Family Office Single Family Office Mumbai Asit Koticha 1 Biguine India Auxano Ventures Single Family Office Delhi NCR Brijesh Damodaran Nair 1 I2E1 Ayon Capital Single Family Office Florida Pawan Shah 1
Veera, Tuesday Morning, Vested Finance
B2V Ventures Single Family Office Mumbai Bl Taparia 17
Cultfit, Miko, Squarefoods
Baksh Capital Single Family Office Singapore Birbal Singh Bajaj 1 Growfitter Bardia Family Office Single Family Office Delhi NCR Arihant Bardia 1
Healers At Home
Berggruen Holdings Single Family Office New York Nicolas Berggruen 3
Ezetap, Gemini Equipment And Rentals
Bhagchandka Family Fund Single Family Office Mumbai Harshvardhan Bhagchandka, Raghav Bhagchandka, And Anirudh Bhagchandka 1 Atlan Biren Parekh Family Office Single Family Office Mumbai Biren Parekh 1
Playns Technologies
Black Kite Capital Single Family Office Singapore Paul Paget 1
Thegamingproject
Blue Edge Multi-Family Investment Office Multi Family Office Delhi NCR Sanchita Mukherji 1 Batx Energies Bodley Group Single Family Office St Louis Ted Albrecht 1 Shortlist Boillet Family Office Single Family Office Bengaluru Etienne Boillot 1 Simpl Bollinger Investment Group Single Family Office Grapevine John Bollinger 1 Defidollar Burman Family Holdings Single Family Office Delhi NCR Burman Family 9
Isprava, Centricity, Melorra, Quickwork, Reliable Records
BVC Ventures Family Office Single Family Office Mumbai Bhavik Chinai 4
Aznog Technologies Limited, Lawrato.Com,
Campden Hill Capital Single Family Office London Bir Kathuria 1
Heads Up For Tails
Catamaran Multi Family Office Bengaluru N.R.Narayana Murthy 30
Innoviti, Udaan, Aequs, Acko
Cello Family Office Single Family Office Mumbai Pradeep Rathod 1 Zepto Ceniarth Single Family Office San Francisco Diane Isenberg 2 Kheyti Chhatisgarh Investments Single Family Office Raipur Kamal Kishore Sarda 14
Escrowpay, Vaibhav Jewellers
Chiripal Group Single Family Office Ahmedabad Ved Prakash Chiripal, Jyotiprasad Chiripalal 2
Grew Energy, Shanti Developers
Chokhani Family Office Single Family Office Mumbai Krishna Chokhani 1 Vphrase Chona Family Office Single Family Office Mumbai Ankit Chona 9
Neuron Energy, Hocco, Gramophone, Mokobara
Chugh Family Office Single Family Office Delhi NCR Navneet S. Chugh 1 Sprytelabs CK Jaipuria Family Office Single Family Office Delhi NCR the Jaipuria family 8
Explurger, Redcliffe Labs, Leap
Claypond Capital Single Family Office Bengaluru Ranjan Pai 3
Easy Home Finance, Healthifyme, GrayQuest
Conscience Multi Family Office Multi Family Office Chennai Ronak Shah, Vignesh Sundararaman 4
Vipragen Biosciences, Chai Waale
Credence Family Office Multi Family Office Bengaluru Mitesh Shah, Ajay Sampath, Nitesh Arora 7
Innov8 Coworking, 3Ev Industries, Stockal, Social Swag India
Culture Cap Single Family Office Faridabad Peyush Bansal 27 Traqcheck Das & Co. Single Family Office New York Lt. Eshwar S. Purandar Das 3
Shiprocket, Games24X7
Desai Family Office Single Family Office Ahmedabad Mayur Desai 4
Simple Energy, Bullspree, Kristal.Ai
DH Venture Holdings Single Family Office Singapore Asish Dash 3
Trip Ka Baap, Grazing Minds, Pots And Plates
DIG Investment Single Family Office Östermalm Nicolas Georges Trad 1 Ola Dinesh Hinduja Family Office Single Family Office Mumbai Jai Rupani 1 Axio DLF Family Office Multi Family Office Delhi NCR Kushal Pal Singh 4
Rapipay, Nownow, Zapkey, Zerund
Double Peak Group Single Family Office Hong Kong Galen Law-Kun 1 NodeOps Dr. Kulin Kothari Family Office Single Family Office Mumbai Kothari Family 1 Setu Nutrition Eragon Family Office Single Family Office Mumbai Sharan Asher 7........
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