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Multiply Ventures is a Bengaluru-based venture capital firm founded in 2020. The firm focuses on early-stage technology companies, particularly in India, and has a fund size of $31 million. Multiply Ventures aims to be the first institutional investor in promising startups, providing not only financial backing but also strategic guidance to help these companies achieve product-market fit and sustainable growth.
The firm has a strong emphasis on sectors such as consumer technology, fintech, healthcare, edtech, and commerce. Multiply Ventures partners with innovative entrepreneurs who are building solutions that cater to the diverse needs of the Indian market. The firm operates with a milestone-based investment model, committing additional funds as companies meet agreed-upon milestones.
Multiply Ventures has established a 'Doers Network' to support portfolio companies in product development, technology, growth strategies, and design. This network also fosters partnerships with established companies in the consumer space, enhancing the resources available to their startups.
Multiply Ventures invests in early-stage technology companies across several sectors, including consumer, fintech, healthcare, edtech, and commerce. The firm targets pre-seed, seed, and seed-plus stages, aiming to partner with entrepreneurs who are developing innovative solutions that address the needs of the Indian market. Their investment strategy emphasizes products and services that enhance access to essential resources and improve consumer experiences.
The firm seeks to be the first institutional investor in strong founding teams, focusing on Indian consumer adoption. Multiply Ventures looks for trusted brands and digitally delivered services that improve access to education, healthcare, financial services, and retail experiences. They are particularly interested in opportunity areas such as women, youth, senior citizens, and Indian-language internet users.
Multiply Ventures employs a milestone-based investment model, which allows them to provide capital at early stages and commit additional funds as companies achieve specific milestones. This approach, combined with their 'Doers Network', enables them to offer comprehensive support to their portfolio companies.
Multiply Ventures has invested in a diverse range of companies, showcasing its commitment to early-stage technology in India. Notable portfolio companies include:
Bhushan Patil - Founder & General Partner. Bhushan has over 20 years of experience in leadership roles at companies such as Paytm, Alibaba, Yahoo, and Talisma. His expertise lies in fintech, online-to-offline (O2O) business models, and cross-border retail.
Sanjay Ramakrishnan - Founder & General Partner. Sanjay has a background with major firms including Google, Intel, Myntra, Flipkart, Ogilvy, and GE Healthcare. His focus areas include brand development, marketing strategies, and building consumer relationships.
Raveen Sastry - Founder & General Partner. Raveen has experience with startups like Xora, Nudgespot, Hoopos, and Myntra. He emphasizes operator-led founder support in addition to capital investment.
Shruti Singhal - Vice President - Investments. Shruti has a background in investment banking, private equity, and entrepreneurship, with experience in the Indian Angel Network.
Natarajan Ranganathan - Operating Partner. Natarajan has served as CFO/COO at UCRNT and has held senior leadership roles at Helion Ventures, focusing on fundraises, AUM management, and shareholder agreements.
To pitch Multiply Ventures, founders should visit their website at multiplyventures.com and send their pitch to boostup@multiplyventures.com. It is advisable to include a clear overview of the business model, market opportunity, and traction in the pitch deck.
While there is no formal application form, founders should ensure that their pitch is concise and highlights the unique aspects of their startup. Multiply Ventures operates on a rolling application cycle, so there is no specific deadline for submissions.
Founders can expect a response within a reasonable timeframe, but it is recommended to follow up if there is no communication after a few weeks. Warm introductions are not required but can be beneficial in establishing credibility.
In April 2025, Multiply Ventures led a $1.25 million seed round for MyDesignation, a D2C fashion and lifestyle brand. This investment was reported by ETRetail.
In March 2025, the firm participated in a $3.2 million seed round for Slikk, a quick-fashion delivery app, as reported by Financial Express.
In February 2026, Multiply Ventures participated in a Series A funding round for MyDesignation, further solidifying its support for the brand.
Additionally, the firm has been active in follow-on investments, including a notable follow-on for Good Monk, a nutrition brand.
What are Multiply Ventures' investment criteria?
Multiply Ventures focuses on early-stage technology companies in sectors such as consumer, fintech, healthcare, edtech, and commerce. They seek to partner with innovative entrepreneurs who are addressing the needs of the Indian market.
How can I pitch to Multiply Ventures?
Founders can pitch to Multiply Ventures by visiting their website at multiplyventures.com or by emailing boostup@multiplyventures.com. They do not require a formal application form.
What makes Multiply Ventures different from other investors?
Multiply Ventures aims to be the first institutional investor in strong founding teams and employs a milestone-based investment model. This allows them to provide additional funding as companies meet specific milestones, along with access to their 'Doers Network' for operational support.
What is the geographic focus of Multiply Ventures?
Multiply Ventures primarily focuses on investments in India, targeting early-stage technology companies that cater to the Indian market.
What is the typical check size for investments?
While specific check sizes are not disclosed, Multiply Ventures invests in pre-seed, seed, and seed-plus stages, indicating a focus on early-stage funding.
What kind of post-investment involvement can founders expect?
Multiply Ventures provides strategic guidance and support through their 'Doers Network', which helps portfolio companies with product development, technology, growth strategies, and design.
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