Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Ideaspring Capital is an early-stage venture fund based in Bengaluru, India, founded in 2016 by Naganand Doraswamy. The firm focuses on driving innovation in science and technology startups, particularly in the B2B enterprise sector. Ideaspring Capital positions itself as an 'entrepreneurs-for-entrepreneurs' micro-VC, supporting startups that are building global products from India. The fund has a strong emphasis on deep tech and enterprise products, aiming to transform innovative ideas into impactful businesses.
As of now, Ideaspring Capital manages approximately $30 million across its funds, with a portfolio of over 40 companies. The firm has made significant strides since its inception, with a selective investment pace of 4-6 startups per year. Ideaspring Capital has established a reputation for its hands-on approach, providing not just capital but also strategic guidance and industry connections to its portfolio companies.
Notable milestones include the successful exits of companies like Bewgle and Whodat, which was acquired by BYJU'S. The firm has also received backing from prominent LPs, including T.V. Mohandas Pai, a former CFO of Infosys. Ideaspring Capital continues to evolve, focusing on sectors that are critical for future growth, such as AI, biotech, and climate tech.
Ideaspring Capital invests primarily in early-stage science and technology startups, with a keen focus on sectors such as Climate Tech, Artificial Intelligence, Defence, BioTech, Enterprise Software, and Deep Tech. The firm targets startups that are generating less than $1 million in revenue, emphasizing the importance of proof of concept or active pilot projects. Ideaspring Capital seeks to support companies that can credibly reach $500K-$700K in revenue within a year of investment, with the potential for a $10 million revenue exit or IPO readiness.
The firm typically engages in pre-seed, seed, and seed+ (extension) stages, with check sizes ranging from $200K to $3 million. Ideaspring Capital's investment strategy is characterized by a hands-on approach, where the team provides not only financial support but also strategic guidance and operational assistance. This model allows them to effectively navigate challenges and accelerate growth for their portfolio companies.
Ideaspring Capital has built a diverse portfolio of over 40 companies, showcasing its commitment to innovation in various sectors. Notable portfolio companies include:
In addition to these, Ideaspring Capital has notable investments from its first fund, including Lavelle Networks, Mihup Communications, and Numocity, which has exited. The firm continues to expand its portfolio with a focus on deep tech and enterprise solutions.
Naganand Doraswamy - Founder & Managing Partner. Naganand has a rich entrepreneurial background, having founded Lexar Networks and Span Systems. He is known for his hands-on approach and philosophy that emphasizes the importance of mentorship alongside funding.
Kailashnath MS - Partner. Kailashnath brings extensive experience in venture capital and technology, contributing to the firm's investment strategy and portfolio management.
Arihant Patni - Venture Partner. Arihant has a strong background in technology and entrepreneurship, playing a key role in identifying and supporting promising startups.
Suryaprakash Konanuru - Chief Technology Officer. Suryaprakash focuses on technical diligence and supports portfolio companies in their technology development efforts.
Madhavi Mallakuntla - Associate Finance Manager. Madhavi manages financial operations and reporting for the firm, ensuring transparency and efficiency in fund management.
Naresh P - Finance Manager. Naresh oversees financial planning and analysis, contributing to the firm's overall financial strategy.
Sulesh Kumar - Investment Associate. Sulesh assists in deal sourcing and due diligence, helping to identify high-potential investment opportunities.
Satrajit Neogy - Investment Analyst. Satrajit conducts market research and analysis to support investment decisions and portfolio management.
Ravi Gururaj - Venture Partner. Ravi brings a wealth of experience in entrepreneurship and venture capital, enhancing the firm's strategic direction.
Sharad Sharma - Investment Committee (Pro Bono). Sharad provides insights and guidance on investment decisions, leveraging his extensive industry experience.
Sanjay Anandaram - Investment Committee. Sanjay contributes to the investment committee, offering expertise in technology and business strategy.
Doc Vaidyanathan - Co-Founder and CPO, Spanugo Inc. Doc is involved in the investment committee, providing valuable insights from his entrepreneurial experience.
To pitch Ideaspring Capital, founders should use the application form available at their [Pitch URL](https://docs.google.com/forms/d/1PUMfITuLr831rsk402G7r%5Fkl67OCv72NY7TRNQsgGVU/viewform?edit%5Frequested=true). It is essential to include a comprehensive deck that outlines the business model, market opportunity, and team qualifications. Ideaspring Capital appreciates detailed information that demonstrates the startup's potential for growth and scalability.
Response times can vary, but founders can expect feedback within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process. Founders should be prepared to discuss their vision and how they plan to achieve their goals during follow-up conversations.
In December 2025, Ideaspring Capital co-led a $1.7 million seed round in LatentForce, an AI-native enterprise code migration platform, alongside Yali Capital. This investment highlights the firm's ongoing commitment to supporting innovative technology startups.
Earlier in 2025, Ideaspring Capital led a $2.6 million funding round for GrowthPal, a growth platform aimed at enhancing business performance. This investment reflects the firm's strategy of backing companies that demonstrate significant growth potential.
Ideaspring Capital has made over 40 investments across its funds, with a selective pace of 4-6 startups per year. The firm continues to focus on deep tech and enterprise solutions, positioning itself as a key player in the Indian venture capital landscape.
What are Ideaspring Capital's investment criteria?
Ideaspring Capital focuses on early-stage science and technology startups, particularly in sectors like AI, biotech, and climate tech. They target companies generating less than $1 million in revenue and require proof of concept or active pilot projects.
How can I pitch to Ideaspring Capital?
Founders can pitch their startups through the Ideaspring Capital application form available at their [Pitch URL](https://docs.google.com/forms/d/1PUMfITuLr831rsk402G7r%5Fkl67OCv72NY7TRNQsgGVU/viewform?edit%5Frequested=true). It is advisable to include detailed information about the product, market potential, and team background.
What makes Ideaspring Capital different from other VCs?
Ideaspring Capital distinguishes itself by being an 'entrepreneurs-for-entrepreneurs' micro-VC, providing not just capital but also strategic guidance and operational support to its portfolio companies. The team leverages their extensive experience to help startups navigate challenges effectively.
What is the typical check size for investments?
Ideaspring Capital typically invests between $200K and $3 million in early-stage startups, depending on the specific needs and potential of the company.
What is the geographic focus of Ideaspring Capital?
The firm primarily invests in startups based in India, with a broader focus on the Asian market, particularly in sectors that are critical for future growth.
What is the follow-on investment behavior of Ideaspring Capital?
Ideaspring Capital is known to participate in follow-on rounds, often co-leading investments with other funds to support the growth of their portfolio companies.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.