Nirman Ventures

Nirman Ventures is a seed-stage venture capital firm based in Mumbai, India, that deploys capital into technology startups across consumer internet, fintech, enterprise software, healthtech, and edtech sectors. The firm typically leads or co-leads investments ranging from $500,000 to $2 million in pre-seed and seed rounds, targeting companies with strong founder-market fit in the Indian market. Their portfolio includes over 30 companies, such as Bhanz, Jar, and Gupshup, with some achieving follow-on funding from larger VCs like Sequoia and Accel. Nikhil Choudhary, the Managing Partner, brings prior experience from Lightspeed Venture Partners and founding ventures like Stayzilla. The fund emphasizes hands-on support for founders navigating India's regulatory and market challenges. As of 2023, they have committed over $50 million across two funds, focusing exclusively on domestic opportunities.