Gemba Capital
Gemba Capital is a Bengaluru-based micro-venture capital firm managing two SEBI-registered Category I AIFs that invest at pre-seed and seed stages in Indian fintech, consumer tech, and B2B platform startups, with a portfolio of 60+ companies and a stated 64% graduation rate.
- Company typePrivate
- Founded2018
- HeadquartersBangalore, India
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Gemba Capital does
Gemba Capital is an India-based micro-venture capital firm that manages two SEBI-registered Category I Alternative Investment Funds (AIFs) — Fund I (registered 2022) and Fund II (targeting Rs 250 crore, registered 2023) — focused exclusively on pre-seed and seed-stage investments in Indian technology startups. The firm invests across three core verticals: Fintech, Consumer Tech, and B2B Platforms, with a stated thesis of backing "category creators" and founders with "Clarity, Resilience and Hustle" before conventional traction metrics are proven. Notable portfolio companies include Plum (group health insurtech, covering 500,000+ lives), WintWealth (alternative fixed-income investing platform), Sanlayan (defence manufacturing powering India's Sukhoi and Tejas programs), Showroom B2B (fashion supply-chain platform serving Shein and Myntra), Inamo (quick-commerce enablement), and Eternz (vertical jewelry marketplace).
The firm's business model follows standard venture fund economics: it earns management fees (typically ~2%) on committed capital across its two AIFs, with upside from carried interest on successful exits. Gemba Capital operates as a high-conviction lead/co-lead investor at the pre-seed and seed stages, deploying capital across 60+ portfolio companies that have collectively raised over Rs 3,600 crore in follow-on funding from external investors. The firm claims a 64% portfolio graduation rate — investments that progress to subsequent funding rounds — which it cites as evidence of selection quality. Distribution and deal sourcing occur through direct founder outreach, warm introductions, and a deep co-investor syndicate network spanning tier-1 firms (PeakXV, Tiger Global, Jungle Ventures) and emerging managers (Stellaris, Prime Venture Partners, Kae Capital, Antler, Stride VC, Rainmatter). The firm is headquartered in Bengaluru's Embassy TechVillage and is led by Founding Partner Adith Podhar and Partner Govind Lohia, supported by Venture Partners with domain expertise in fintech, consumer internet, and enterprise technology.
Gemba Capital firmographics
Firmographics- Name
- Gemba Capital
- Legal name
- Gemba Capital Venture Partners LLP
- Website
- https://gembacapital.in
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Gemba Capital is a Bengaluru-based micro-venture capital firm managing two SEBI-registered Category I AIFs that invest at pre-seed and seed stages in Indian fintech, consumer tech, and B2B platform startups, with a portfolio of 60+ companies and a stated 64% graduation rate.
- Ownership category
- akta.pro rank
Gemba Capital industry classification
Industry- Product category
- Early-Stage Venture Capital
- NAICS
- All Other Financial Investment Activities (52399), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Gemba Capital is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Gemba Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Venture Capital Fund Management: Gemba Capital generates returns through management fees and carried interest from their VC funds. They manage Gemba Capital Fund I (Category I AIF, SEBI Registration: IN/AIF2/22-23/0884) and Gemba Capital Fund II (Category I AIF, SEBI Registration: IN/AIF2/23-24/1579), targeting Rs 250 crore with investments in early-stage platform-centric businesses.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Gemba Capital product offering
Product offeringCore offering
Gemba Capital is an institutional pre-seed and seed stage venture capital fund that invests equity capital into early-stage Indian startups building category-creating companies in Fintech, Consumer Tech, and B2B Platforms. The firm manages two SEBI-registered Category I AIF funds and provides early-conviction capital alongside thesis-driven strategic guidance to founders.
Product overview
Gemba Capital is a micro venture capital firm that operates as a unified investment platform with two registered funds (Fund I and Fund II). Their core offering is early-stage investment capital and strategic support for founders in fintech, consumer tech, and B2B platform sectors. They specialize in pre-seed and seed stage investments, providing not just capital but also thesis-driven guidance to help founders build generational companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Gemba Capital Fund I SEBI-registered Category I AIF (Angel Fund) providing early-stage equity capital to platform-centric businesses primarily in fintech, consumertech, and B2B sectors. Targeted at Indian founders building category-creating companies at the pre-seed and seed stages.
- Gemba Capital Fund II Second SEBI-registered Category I AIF fund targeting Rs 250 crore to deploy pre-seed and seed capital into approximately 30 early-stage platform-centric businesses in fintech, consumertech, and B2B sectors in India.
- Pre-Seed and Seed Stage Investment Service Early conviction-driven investment service that provides pre-seed and seed stage equity capital alongside thesis-driven strategic guidance to bold, ambitious founders building category-creating companies in Fintech, Consumer Tech, and B2B Platforms.
Quantifiable outcome
- 64% portfolio graduation rate - majority of investments progress to later funding stages
Companies that use Gemba Capital
Customer profileSegments4 records
Ideal customer profiles1 record
Gemba Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Gemba Capital partnerships and signals
Strategic signalScale indicators5 records
Recent moves2 records
Expansion highlights4 records
Gemba Capital competitors and assessment
Company assessmentDirect peers
- 8i Ventures:
- Kae Capital: Kae Capital is an India-focused pre-seed/seed micro-VC investing in consumer and technology startups — direct peer to Gemba Capital, with whom they have co-invested in Eternz. Both target the same founder segment and thesis-driven early-stage investing model.
- Stride Ventures: Stride VC is an early-stage venture fund focused on Indian startups and a recurring Gemba co-investor (Showroom B2B). Operates in the same pre-seed/seed India opportunity set with comparable cheque sizes.
- Antler India: Antler India is a global early-stage VC enabling founder-team formation at the pre-seed stage. Co-invested with Gemba in Inamo and addresses the same founder-first, thesis-led Indian early-stage opportunity set.
- Arali Ventures: Arali Ventures is an early-stage VC fund investing in Indian startups, having led Mannjal's seed round alongside Gemba Capital. Similar stage and sector focus across fintech and consumer.
- White Venture Capital: White Venture Capital is an early-stage India VC that led Finodaya Capital's seed with Gemba participation. Operates in the same pre-seed/seed India thesis space, with comparable cheque sizes and sector overlaps.
- Titan Capital: Titan Capital is a seed-stage India investment firm backing consumer tech and SaaS — a co-investor with Gemba in Flick TV. Highly comparable in stage, geography, and deal-flow profile.
- Shastra VC: Shastra VC is an early-stage venture fund investing in Indian startups, having co-invested with Gemba in Inamo. Operates in the same seed-stage India opportunity pool.
- Multiply Ventures: Multiply Ventures invests in early-stage consumer and fintech companies in India, leading Eternz's Pre-Series A with Gemba Capital participation. Closely comparable in stage and sector focus.
- Stellaris Venture Partners: Stellaris Venture Partners is an India-focused early-stage VC that led Flick TV's seed round with Gemba Capital participation. Comparable stage and sector focus, though typically at the seed-to-Series A boundary.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Gemba Capital social profiles
Digital presenceGemba Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gemba Capital leadership team
Management profileNumber of profiles
Profiles9 records
Gemba Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gemba Capital M&A and investment
M&A and investmentM&A
Investments72 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gemba Capital
What does Gemba Capital do?
Gemba Capital is an institutional pre-seed and seed stage venture capital fund that invests equity capital into early-stage Indian startups building category-creating companies in Fintech, Consumer Tech, and B2B Platforms. The firm manages two SEBI-registered Category I AIF funds and provides early-conviction capital alongside thesis-driven strategic guidance to founders.
Is Gemba Capital a public or private company?
Gemba Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Gemba Capital founded?
Gemba Capital was founded in 2018. It employs 1 to 10 people.
Where is Gemba Capital based?
Gemba Capital is headquartered in Bangalore, India, in the Asia region.
How does Gemba Capital make money?
One revenue line is on record: venture Capital Fund Management.
Who are Gemba Capital's main competitors?
Direct peers on record are 8i Ventures, Kae Capital, Stride Ventures, Antler India, Arali Ventures, White Venture Capital, Titan Capital, Shastra VC, Multiply Ventures and Stellaris Venture Partners.
Does Gemba Capital have an API?
No public API is recorded for Gemba Capital.
What industry is Gemba Capital in?
Gemba Capital's product category is Early-Stage Venture Capital. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 52399 and its SIC code is 6282.