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Dharana Capital

Full company profile

uuid0002rmx

Namestring
Dharana Capital
Legal namestring
VY Capital Management Company Limited
Websiteurl
dharana.com
Company typeenum
Private
Founded yearint
2022
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersDublin, Ireland
HQ citystring
Dublin
HQ countrystring
Ireland
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
growth equity investing, venture capital funds, private equity firm, growth stage capital, institutional asset management
Industry3 codes
1Technology & Software Growth Equity
CodeFSANACAAPrimaryYes
2Real Estate / PropTech Growth Equity
CodeFSANACAHPrimaryNo
3Security & Defense / GovTech Growth Equity
CodeFSANACANPrimaryNo
NAICS code2 codes
  • Portfolio Management and Investment Advice52394
  • All Other Financial Investment Activities52399
SIC code1 code
  • Investment Advice6282
Product category
Growth Equity / Private Equity Fund Management
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Investment Management
TypeManaged Services
Description

Manages growth-stage investment funds, generating returns through capital appreciation and exits from portfolio companies.

dharana.com
Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Dharana Capital is an India-focused growth-stage investment firm that backs missionary founders building durable businesses. The firm manages two growth funds totaling $450 million in assets under management and invests in next-generation technology and consumer companies in India, deploying growth capital and acting as a strategic partner preparing portfolio companies for public markets. Operations are conducted from offices in Bengaluru (headquarters) and Dubai (regional office).

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Fund 2 raised $250M bringing total AUM to $450M
+1 more record
Product overview1 text field

Dharana Capital is an India-focused growth-stage investment firm that backs missionary founders building durable businesses. The firm operates from Bengaluru and Dubai, managing assets under management of $450 million across two growth funds. Rather than offering products or services, Dharana Capital provides growth capital and partnership to early-to-mid stage technology and consumer businesses in India. The firm has previously backed companies including Urban Company, Zomato, LAT Aerospace, NoBroker, and Petpooja, among others.

Product and service2 records
1Dharana Capital Fund 1
CategoryPrivate Equity Fund / Growth Equity Fund
Description

India-focused growth-stage private equity fund targeting technology and consumer businesses in India, with cheque sizes appropriate for growth-stage rounds. The fund invests in founders building durable businesses with clear profitability paths.

2Dharana Capital Fund 2
CategoryPrivate Equity Fund / Growth Equity Fund
Description

Second India-focused growth fund deploying capital into next-generation technology and consumer businesses in India, backing founders building durable businesses and preparing them for public markets.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Peak XV Partners
TypeDirect peer
Description

Peak XV (formerly Sequoia India) is the largest India-focused venture and growth firm. It directly competes with Dharana for growth-stage tech and consumer rounds in India, operates at materially larger AUM, and shares the same target geography and vertical themes.

2Kedaara Capital
TypeDirect peer
Description

Kedaara is an India-focused growth and buyout firm targeting tech-enabled consumer and services businesses. Its growth-equity sleeve directly overlaps with Dharana's thesis on durable, profitable Indian growth companies.

3Matrix Partners India
TypeDirect peer
Description

Matrix Partners India is a venture and growth investor in Indian tech and consumer startups. It shares Dharana's vertical focus and competes for similar founders and rounds, although it skews earlier-stage than Dharana's growth mandate.

4Lightspeed India Partners
TypeDirect peer
Description

Lightspeed India is a venture and growth investor in Indian consumer and enterprise tech. While skewed earlier, it overlaps with Dharana at the growth-stage boundary and on similar themes like SaaS and consumer platforms.

5Steadview Capital
TypeDirect peer
Description

Steadview is a Hong Kong / India-focused growth equity fund backing late-stage consumer and tech businesses in India. It invests in similar rounds (e.g., co-invested in Temple alongside Dharana) and competes directly for growth-stage Indian tech/consumer allocations.

6Premji Invest
TypeDirect peer
Description

Premji Invest is the family office of Wipro's founder and a large India-focused growth and late-stage investor. It competes with Dharana for proprietary growth-stage deals in Indian tech and consumer.

7ChrysCapital
TypeDirect peer
Description

ChrysCapital is one of India's oldest homegrown PE firms with significant growth and buyout funds. It competes with Dharana for growth-stage Indian businesses, particularly in consumer-tech adjacencies.

8Multiples (Multiples Alternate Asset Management)
TypeDirect peer
Description

Multiples is a large India-dedicated growth and buyout firm (>$3B AUM) investing in tech, consumer, and financial services. It competes with Dharana in growth-stage rounds and for the same institutional LPs.

9Elevation Capital
TypeDirect peer
Description

Elevation Capital is an India-focused venture and growth firm investing in consumer and tech businesses. Its growth-stage investments directly overlap with Dharana's portfolio themes and target founders.

10Norwest Venture Partners India
TypeDirect peer
Description

Norwest Venture Partners invests across stages in India through growth and venture funds. It targets similar Indian tech and consumer growth opportunities and represents a comparable growth-equity competitor.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment11 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Dharana Capital

Growth Equity / Private Equity Fund Managementdharana.com

Dharana Capital firmographics

Firmographics
Name
Dharana Capital
Legal name
VY Capital Management Company Limited
Website
https://dharana.com
Company type
Private
Founded year
2022
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Dharana Capital industry classification

Industry
Product category
Growth Equity / Private Equity Fund Management
NAICS
Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399)
SIC
Investment Advice (6282)
akta.pro primary industry
Technology & Software Growth Equity (FSANACAA)
akta.pro secondary industries
Real Estate / PropTech Growth Equity (FSANACAH), Security & Defense / GovTech Growth Equity (FSANACAN)

Keywords

  • Growth equity investing
  • Venture capital funds
  • Private equity firm
  • Growth stage capital
  • Institutional asset management

Where Dharana Capital is headquartered

Location

Headquarters

HQ city
Dublin
HQ country
Ireland
HQ region
Europe

Offices2 records

Markets served

Dharana 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

  1. Investment Management: Manages growth-stage investment funds, generating returns through capital appreciation and exits from portfolio companies.

Go-to-market motion1 record

Dharana Capital product offering

Product offering

Core offering

Dharana Capital is an India-focused growth-stage investment firm that backs missionary founders building durable businesses. The firm manages two growth funds totaling $450 million in assets under management and invests in next-generation technology and consumer companies in India, deploying growth capital and acting as a strategic partner preparing portfolio companies for public markets. Operations are conducted from offices in Bengaluru (headquarters) and Dubai (regional office).

Product overview

Dharana Capital is an India-focused growth-stage investment firm that backs missionary founders building durable businesses. The firm operates from Bengaluru and Dubai, managing assets under management of $450 million across two growth funds. Rather than offering products or services, Dharana Capital provides growth capital and partnership to early-to-mid stage technology and consumer businesses in India. The firm has previously backed companies including Urban Company, Zomato, LAT Aerospace, NoBroker, and Petpooja, among others.

Differentiator

Problem solved

Functional benefit

Products and services

  • Dharana Capital Fund 1 India-focused growth-stage private equity fund targeting technology and consumer businesses in India, with cheque sizes appropriate for growth-stage rounds. The fund invests in founders building durable businesses with clear profitability paths.
  • Dharana Capital Fund 2 Second India-focused growth fund deploying capital into next-generation technology and consumer businesses in India, backing founders building durable businesses and preparing them for public markets.

Quantifiable outcome

  • Fund 2 raised $250M bringing total AUM to $450M
  • +1 more outcomes

Companies that use Dharana Capital

Customer profile

Segments1 record

Ideal customer profiles2 records

Dharana Capital technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Dharana Capital partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Dharana Capital competitors and assessment

Company assessment

Direct peers

  • Peak XV Partners: Peak XV (formerly Sequoia India) is the largest India-focused venture and growth firm. It directly competes with Dharana for growth-stage tech and consumer rounds in India, operates at materially larger AUM, and shares the same target geography and vertical themes.
  • Kedaara Capital: Kedaara is an India-focused growth and buyout firm targeting tech-enabled consumer and services businesses. Its growth-equity sleeve directly overlaps with Dharana's thesis on durable, profitable Indian growth companies.
  • Matrix Partners India: Matrix Partners India is a venture and growth investor in Indian tech and consumer startups. It shares Dharana's vertical focus and competes for similar founders and rounds, although it skews earlier-stage than Dharana's growth mandate.
  • Lightspeed India Partners: Lightspeed India is a venture and growth investor in Indian consumer and enterprise tech. While skewed earlier, it overlaps with Dharana at the growth-stage boundary and on similar themes like SaaS and consumer platforms.
  • Steadview Capital: Steadview is a Hong Kong / India-focused growth equity fund backing late-stage consumer and tech businesses in India. It invests in similar rounds (e.g., co-invested in Temple alongside Dharana) and competes directly for growth-stage Indian tech/consumer allocations.
  • Premji Invest: Premji Invest is the family office of Wipro's founder and a large India-focused growth and late-stage investor. It competes with Dharana for proprietary growth-stage deals in Indian tech and consumer.
  • ChrysCapital: ChrysCapital is one of India's oldest homegrown PE firms with significant growth and buyout funds. It competes with Dharana for growth-stage Indian businesses, particularly in consumer-tech adjacencies.
  • Multiples (Multiples Alternate Asset Management): Multiples is a large India-dedicated growth and buyout firm (>$3B AUM) investing in tech, consumer, and financial services. It competes with Dharana in growth-stage rounds and for the same institutional LPs.
  • Elevation Capital: Elevation Capital is an India-focused venture and growth firm investing in consumer and tech businesses. Its growth-stage investments directly overlap with Dharana's portfolio themes and target founders.
  • Norwest Venture Partners India: Norwest Venture Partners invests across stages in India through growth and venture funds. It targets similar Indian tech and consumer growth opportunities and represents a comparable growth-equity competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

Dharana Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Dharana Capital leadership team

Management profile

Number of profiles

Profiles1 record

Dharana Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Dharana Capital M&A and investment

M&A and investment

M&A

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dharana Capital

What does Dharana Capital do?

Dharana Capital is an India-focused growth-stage investment firm that backs missionary founders building durable businesses. The firm manages two growth funds totaling $450 million in assets under management and invests in next-generation technology and consumer companies in India, deploying growth capital and acting as a strategic partner preparing portfolio companies for public markets. Operations are conducted from offices in Bengaluru (headquarters) and Dubai (regional office).

Is Dharana Capital a public or private company?

Dharana Capital is a private company. It is classified as corporate owned and is currently operating.

When was Dharana Capital founded?

Dharana Capital was founded in 2022. It employs 1 to 10 people.

Where is Dharana Capital based?

Dharana Capital is headquartered in Dublin, Ireland, in the Europe region.

How does Dharana Capital make money?

One revenue line is on record: investment Management.

Who are Dharana Capital's main competitors?

Direct peers on record are Peak XV Partners, Kedaara Capital, Matrix Partners India, Lightspeed India Partners, Steadview Capital, Premji Invest, ChrysCapital, Multiples (Multiples Alternate Asset Management), Elevation Capital and Norwest Venture Partners India.

Does Dharana Capital have an API?

No public API is recorded for Dharana Capital.

What industry is Dharana Capital in?

Dharana Capital's product category is Growth Equity / Private Equity Fund Management. Its primary akta.pro industry code is FSANACAA, Technology & Software Growth Equity, with a secondary code of FSANACAH, Real Estate / PropTech Growth Equity. Its NAICS code is 52394 and its SIC code is 6282.

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The platforms have digitized around 37,000 gated communities, projected to exceed 70,000 by FY31, with the addressable advertising opportunity estimated at about $800 million.The TribuneIndia's VC ecosystem shifts to monetization-led growth in 2026, backed by AI, Q-commerce infra and domestic tailwinds: BainIndia's venture capital ecosystem is entering a monetization-led growth phase in 2026, with investors prioritizing capital efficiency, sustainable profitability and clear exit pathways over growth-at-all-costs strategies, according to Bain & Company's India Venture Capital Report 2026. The report highlights AI and generative AI, quick commerce infrastructure, and clean energy as key conviction themes, supported by India's estimated 6.5% GDP growth, expanding digital inclusion with 1 billion internet users, and policy tailwinds including the government's RDI fund. Multiple VC firms including Lightspeed, Blume Ventures, Golden Sparrow Ventures, Navam Capital, and Dharana Capital are positioning capital for deployment in these sectors amid global geopolitical tensions and rising protectionism.TaiwansunIndia's VC ecosystem shifts to monetization-led growth in 2026, backed by AI, Q-commerce infra and domestic tailwinds: BainBain's India Venture Capital Report 2026 says the ecosystem will shift to monetization-led growth in 2026, with investors prioritizing capital efficiency and sustainable profitability. Deal activity is expected to remain steady, with bets on AI, quick commerce infrastructure, and clean energy, supported by domestic tailwinds like 7.5% GDP growth.The Economic TimesMygate closes Rs 225 crore deal with Dharana CapitalHousing society management platform Mygate has closed a Rs 225 crore funding round led by Dharana Capital, valuing the Bengaluru-based startup at approximately Rs 2,000-2,200 crore, up from Rs 1,600-1,700 crore in 2023. Of the total, Rs 100 crore is primary capital while Rs 125 crore represents a secondary transaction where early investors including Prime Venture Partners and some senior employees sold shares. The company plans to use the funds to expand its gated community offerings across India and invest in technology, with revenue currently driven by advertising (70%), software (25%), and smart devices (5%).EntrackrFunding and acquisitions in Indian startups this week [June 8 - June 13]27 Indian startups raised $253.34 million this week, with GPS Renewables leading at Rs 635 crore in a Series C. Early-stage deals totaled $30.1 million, and funding surged 53% week-on-week. Several new VC funds were launched, including Sanskrit Capital and Aum Ventures' second fund.BwdisruptMyGate Secures Rs 225 Cr From Dharana Capital To Accelerate ExpansionCommunity management and security platform MyGate has raised Rs 225 crore (approximately USD 26 million) from Dharana Capital, its first major funding round in over three years. Dharana Capital acquired a 12–14 per cent stake in the company through a combination of primary investment and secondary share purchases. The fresh capital will be deployed to expand MyGate's presence across gated residential communities, strengthen its integrated platform, and enhance product and technology capabilities as the company targets growth to 10 million homes.MediaNews4UDharana Capital invests INR 225 crore in Mygate to accelerate expansion and platform growthDharana Capital has announced an investment of INR 225 crore in Mygate, India's residential community management technology platform, to support the company's next phase of growth and expansion. Mygate currently serves more than 27,000 residential communities and 5.7 million homes, with plans to scale operations to reach 10 million homes using the fresh capital. The investment reflects growing investor confidence in technology platforms serving India's evolving urban infrastructure and residential ecosystems.exchange4mediaDharana Capital invests Rs 225 crore in MygateDharana Capital has invested Rs 225 crore in Mygate, India's leading residential community management technology platform serving over 27,000 communities and 5.7 million homes. Mygate has achieved more than 3x revenue growth over the past three years while maintaining profitability and reinforcing its market leadership position. The company plans to use the fresh capital to expand its reach to 10 million homes, deepen product and technology capabilities, and build a more integrated operating system for residential communities.Indian Startup NewsMygate secures Rs 225 crore from Dharana Capital, eyes expansion to 10 million homesIndian community management and security platform Mygate has raised Rs 225 crore (approximately $26 million) from Dharana Capital, acquiring a 12–14% stake, to fund expansion from 5.7 million to 10 million homes and international market entry including the Middle East. The Bengaluru-based company reported operating revenue of Rs 173.5 crore in FY25 with a narrowed net loss of Rs 15.4 crore, and FY26 revenue of Rs 232 crore with 10–12% EBITDA margin, targeting 37% year-on-year growth in FY27 and profitability. The latest investment marks Mygate's first major funding round in more than three years, having previously raised over $80 million from investors including Tiger Global, Tencent, and Prime Venture Partners.YourStoryResidential community management platform Mygate raises Rs 225 Cr from Dharana CapitalMygate, a Bengaluru-based residential community management platform, has raised Rs 225 crore in funding from Dharana Capital, an India-focused growth-stage investment firm. The startup plans to expand its footprint from 57 lakh homes across 27,000 residential communities to 100 lakh homes, leveraging the built-in brand engagement and advertising layer on its platform. The company claims to have achieved over 3x revenue growth over the past three years while maintaining profitability.