India's most institutional pre-seed and seed stage venture capital fund
We are a seed and pre-seed stage specialist VC fund
investing in category creators across
Nothing is “too early for us”. We don’t believe in statements like “this has never been attempted before” or “everyone has failed” or “what if Google builds this”.
Are you going to change the world as we know it today?
Are you the right person to build in this space? Are you building a generational company? Are you a force of nature?
Simple and Scalable ideas that create or expand markets. We value Clarity, Resilience and Hustle over pedigree.
We don’t look at “Market Size, Revenue or Competition”. We don’t like “Complex Solutions”. We don’t like “Scaling before proving hypothesis”.
Total No. of seed/pre-seed
startups investments
Total fund raised by our portfolio companies
Series A Graduation rate across our portfolio
As India’s Defence budget soared and the government ramped up privatization to move beyond PSUs, we saw one missing piece: the need for private players with deep R&D chops, cutting-edge tech, and proven scaling ability.
Sanlayan pushed boundaries from Day 1. In just 2 years of operations, they are powering India's fighter jets — Sukhoi and Tejas.
While others wrote off group health insurance as unscalable and service business, we saw a prime category-creation play. Built from first principles, a full-stack group health for startups and SMEs, previously a corporate-only perk.
Plum is the fastest Insurtech in India covering more than 5 lakh lives.
Between low-risk FDs and high-risk equities, retail investors had access to limited financial products with better risk-adjusted returns. Corporate bonds remained an institutional game.
WintWealth is a category creator disrupting India's fixed income space. Regulatory tailwinds and ease of payments is set to unlock the next wave of retail bond investing.
Historically, when a new industry scales, picks and shovels also scale. Delhivery, Shadowfax, and Shiprocket rode the Ecommerce wave. Our question was “who will ride the Qcom wave” in India?
The answer: Strategic supply chain enablers like Inamo, supercharging platforms to hyperscale. Proud to back this team—it's a B2B business growing as fast as a consumer businesse
Majority of B2B supply chains in India is fragmented. Vertical-focused, full stack plays in complex domains have always excited us.
Showroom is a one-stop sourcing platform for fast fashion value retailers and brands
Business includes full stack design and manufacturing and is trusted by marquee retailers such as Shein, Myntra and Vishal Megamart to name a few.
Jewellery is a category with sub-5% online penetration. Long tail of D2C brands, high gross margins and differentiated buying behavior, yet there is no dominant marketplace.
EternZ is not just building another jewellery marketplace — they are creating the trusted, curated, mass premium destination that transforms how India buys jewellery online.
Fast fashion jewellery is the new behavior and Eternz looks to ride this wave through online and offline channels.
Select Investments
Navadhan, Sanlayan, Showroom B2B, VoltMoney, Shoption, FariDeal
Past Investments
Plum Insurtech, WintWealth, Zuper, Unnati Agri, ClickPost
Select Investments
Inamo, Pazy, MyNaksh, Eternz, FlickTV, Docube, 4AM Fresh, LightFury Games.
Past Investments
Pratilipi, Progcap, Signzy, SquadRun, Minjar, Zvolv
Gemba Capital was the first to believe in MyNash and committed to us in our very first meeting. From the early days, they have helped us sharpen the thesis and shape the direction for the round with real clarity and conviction. More than investors, they have been true partners in the journey, always just one call away whenever needed. We are deeply grateful to have such thoughtful and supportive friends backing us as we build MyNash.
Gemba Capital is like an extended co-founder. Their deep understanding of our product and technology has led them to consistently support us in achieving our vision. Their entrepreneurial spirit and founder first approach has been clearly evident with all their support and guidance that they have provided us in our journey.
Partnering with Gemba Capital has been one of the best decisions we've made at 4amFresh. From the moment Sharath and I floated the idea, Govind reached out almost immediately saying this was exactly what they'd been looking for. Both Adith and Govind are genuinely warm, approachable people who made the entire process feel effortless. If you're a founder looking for investors who are both intellectually aligned and humanly invested, Gemba Capital is truly a perfect match.
“Partnering with Gemba and having the mission-driven alignment, the focus on building long term enduring companies vs. quick flips from day 1, all of those core values were incredibly important to us as well. We found a true partner in Adith, where he soon became our goto guy to bounce our thoughts and ideas and could get 360 deg perspective on it. Needless to say, Adith is now more like a family than an investor in Showroom.”
The early days of a startup require huge belief, leap of faith. Gemba brings conviction with long term view, guiding the long term with their rich experience without rushing things during foundational days. Glad to have Govind and Adith by our side
Gemba Capital backed us early, and Govind and Adith have been the kind of investors every founder dreams of; decisive, well-connected, and human. They've made high-quality introductions, guided us away from pitfalls without overstepping, and always been understanding through the process of further fund-raising. Couldn't have asked for better partners at the seed stage.
“Adith is one of the most founder friendly early stage investors you would come across. For us, his deep understanding of saas domain, ability to extrapolate current product to future business potential and quick decision making allowed us to leverage his expertise in attracting other investors as well. Would strongly recommend him and Gemba capital to every early stage founder.”
“Amidst the uncertainty of startup funding, Gemba Capital shone brightly. They swiftly grasped our vision, offering genuine support and guidance beyond just funding. Adith and Govind aren't just investors; they're mentors who understand our journey.”
“Adith is one of the best early stage investors you can have in your cap-table. He comes in with a conviction on the market and founder, and once he comes in, he goes all out to help the founders in every possible way, including getting the first customers for you, advising on go-to-market, and on product.”
“Gemba Capital is one of the best investors to have on your cap table. They are always focussed on helping the start-up grow by understanding the key pain points and never overstepping into managing and forcing views/opinions onto the founders. Adith has an amazing network which he always encourages us to tap into and for us has reaped very good benefits.”
From investment theses to real startup journeys—everything we’re learning along the way.
