Venture Capital Firms in India: Six Funds Reporting Capital in 2026, Ranked by Size

Indian founders have a wide choice of local venture funds, but it is not always clear which ones have fresh capital. One public clue is the filing that India-focused managers submit to the US Securities and Exchange Commission when they sell fund interests to US investors. Our review of filings since June 2026 found six India-focused vehicles with a venture capital tag. This ranked list orders them by reported amount and adds what public sources say about each manager. We also say where a filing may not mean what the tag suggests. The list covers only managers that file in the US, so many Indian funds that raise only from domestic investors are missing.

The Ranked List

• Elevation Capital IX: $500.0 million, filed July 14, 2026
• Kedaara Capital Public Markets Fund I: $160.3 million, filed November 5, 2026
• Chiratae Ventures International Fund V: $153.5 million, filed September 2, 2026
• Kenro Capital I, LP: $37.5 million, filed October 30, 2026
• DSG Consumer Partners V India: $21.0 million, filed July 16, 2026
• Capria India Fund III, LP: $19.3 million, filed October 13, 2026

1. Elevation Capital IX: $500 Million

Elevation Capital reported $500 million for Fund IX, with Ravi Adusumalli named on the filing. Several outlets reported the fund as closed in mid-July 2026, targeting seed and Series A companies with an emphasis on AI, and also on deep technology areas such as space, defence, robotics, energy and precision manufacturing. One report notes a separate $400 million late-stage vehicle, bringing India capital to about $900 million, and that Fund IX is smaller than the $670 million Fund VIII. Inc42 described the $500 million as a target corpus and not a final close, so the status is not uniform across sources. Best for: Indian founders building AI-first or global software companies at seed or Series A.

2. Kedaara Capital Public Markets Fund I: $160.3 Million

Kedaara is a private equity firm. Its Public Markets Fund I is described by aggregators as a Category III alternative investment fund, a structure that can trade listed securities. The venture tag is probably a form choice, so this is not an early-stage fund for startups. We include it because it appears under the venture tag and reflects global investor interest in Indian equities. Best for: founders who plan an eventual listing and want to follow how global money prices Indian companies.

3. Chiratae Ventures International Fund V: $153.5 Million

Chiratae announced a second close of $150 million for its fifth fund in September 2025, with a target of $350 million and a hard cap of $500 million, structured as a Category II alternative investment fund. Managing directors Venkatesh Peddi and Ranjith Menon lead it, and it targets seed, Series A and Series B rounds. The filing is for the international vehicle and shows $153.5 million. We found no report of a final close or final size. Best for: Indian founders at seed to Series B, including in healthtech and consumer.

4. Kenro Capital I: $37.5 Million

Piyush Gupta is named on the Kenro Capital I filing, and we found no public statement of its strategy. A related vehicle, Kenro Capital Education Affiliates II, filed $30.0 million in June 2026, and the two should not be added together. Its name points to education investing, which is unconfirmed. Best for: education founders, who should ask the manager for its thesis.

5. DSG Consumer Partners V India: $21.0 Million

Deepak Shahdadpuri is named on the filing for this vehicle. We found no public profile that describes its strategy beyond the name, which points to India consumer investing. Treat the strategy as unconfirmed until the manager publishes it. Best for: consumer founders who should ask the manager directly for a thesis and portfolio.

6. Capria India Fund III: $19.3 Million

William Poole is named on the filing for Capria India Fund III. We could not locate a public statement on the fund's size target, stage or focus. The $19.3 million is a reported amount sold at the filing date. Best for: founders who already have a warm introduction and can ask for specifics.

Other India Filings That Are Not Venture

Some larger India-named vehicles carry other tags. Evolvence India Fund V, a private equity fund, reported $60 million in October after targeting $300 million in 2025, per Venture Intelligence. Several India-focused hedge funds and listed equity vehicles, such as Atyant Capital India Fund-I at $56.8 million, invest in public markets and not in startups. We left these out of the ranking.

How Indian Founders Should Use This List

Match your stage to the fund. Seed and Series A founders should look first at Elevation IX and Chiratae V, which state those stages. Founders in later rounds should ask about reserves for follow-ons. A filing means a fund is selling interests, not that it is writing cheques today, so ask each partner about deployment pace.

When you pitch, show traction in rupee terms and as a share of a large addressable market, and be ready for questions on unit economics. Understand instruments in India, including the use of convertible notes and compulsorily convertible preference shares, and get legal advice because rules differ from the US SAFE. Model dilution, keep a clean cap table, and run due diligence on your investors by speaking to portfolio founders.

What We Could Not Confirm

We could not confirm final close sizes for Elevation IX, Chiratae V or Capria III, and we found no public strategy for DSG V. Filing amounts are money reported sold at a date, not targets. Many Indian funds do not file in the US and are not in this list.

Key Takeaways

Elevation Capital IX leads at $500 million, followed by Kedaara's public markets vehicle, Chiratae V, Kenro I, DSG V and Capria III. Only some are early-stage venture funds, so read the strategy and not the tag. Ask each manager about stage, cheque size and follow-ons before you pitch.

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