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TRTL Ventures is a Singapore and Delhi-based venture capital firm established in 2021, focusing on early-stage investments in Indian startups. The firm specializes in supporting entrepreneurs who are addressing real-world challenges through innovative solutions powered by data and deep technologies. TRTL aims to foster a distinct DeepTech-driven economy by backing startups that can scale globally and utilize India's diverse data pool and technical talent.
With a sector-agnostic approach, TRTL Ventures targets startups in various fields, including AI, biotech, fintech, clean energy, healthcare, and consumer products. The firm operates with a problem-first investment strategy, emphasizing the importance of data-driven solutions. TRTL's dual base in Singapore and Delhi positions it strategically to tap into the growing Indian startup ecosystem while also facilitating expansion into Southeast Asian markets.
As of now, TRTL Ventures has not disclosed its fund size, but it is known to invest between $10,000 and $2 million in early-stage rounds. The firm has built a robust network of founders, investors, and business partners across Asia, which it leverages to provide strategic guidance and resources to its portfolio companies.
TRTL Ventures specializes in early-stage investments, primarily targeting pre-seed, seed, and Series A funding rounds. The firm is particularly interested in startups that harness data-driven strategies and deep technologies to create impactful solutions. Key sectors of focus include artificial intelligence, blockchain, robotics, biotechnology, fintech, clean energy, healthcare, and consumer platforms.
The firm seeks to invest in startups that are not only innovative but also capable of scaling globally. TRTL's investment thesis emphasizes the importance of data as a foundation for new business opportunities. The firm looks for companies that can build dominant virtual platforms with solid data acquisition strategies, enabling them to address significant challenges and create disruptive solutions.
TRTL Ventures values founders who demonstrate a clear understanding of their market and user demands, as well as those who can effectively leverage technology to solve pressing problems. The firm is open to co-investment opportunities and prefers to engage with startups that have a clear path to growth and scalability.
TRTL Ventures has invested in a diverse range of startups, focusing on those that utilize data and deep technologies. Notable portfolio companies include:
These companies exemplify TRTL's commitment to backing innovative solutions that leverage technology to address real-world problems.
Yasuhiro Seo - Founding Partner. Previously a Partner at Spiral Ventures, he backed 38 startups including Bukalapak, Kudo, Coda Payments, Docquity, and Classplus. He is recognized among the 40 most influential VC partners shaping Southeast Asia's fintech boom.
Rakesh Chhabra - Founding Partner. A Chartered Accountant with 35 years of experience across various industries, he co-founded AARC Partners and has a large network of startup founders, VC funds, and corporates. He is an active angel investor across India, Singapore, and the US.
Akhil Bansal - General Counsel. He leads legal and transaction advisory at AARC Partners and has previously worked with Ernst & Young, McKinsey & Co, and PricewaterhouseCoopers. He supports deal structuring and diligence.
Shaojie Chen - Analyst. A graduate from NTU specializing in risk management and insurance, he has interned at MUFG and UOB and has startup operating experience at Park N Parcel. He supports sourcing and strategic initiatives.
Jun Maruyama - Venture Partner. An engineer and angel investor, he previously ran Nijibox under Recruit Holdings and supports TRTL portfolio companies with Japan expansion and local product-market fit.
On May 2, 2025, TRTL Ventures made a seed investment in byteEDGE, marking its latest addition to the portfolio. This investment aligns with the firm's focus on early-stage tech startups.
In August 2024, TRTL Ventures invested $1.2 million in HealthCred, a company providing financing solutions for healthcare stakeholders. This investment underscores TRTL's commitment to supporting innovative solutions in the healthcare sector.
Additionally, TRTL Ventures has been recognized in various publications, including Indian Startup Times, for its influence in the fintech space and its role in shaping the future of early-stage investments in India.
What investment criteria does TRTL Ventures look for?
TRTL Ventures focuses on early-stage startups in India that utilize data-driven strategies and deep technologies. The firm seeks companies that can scale globally and address significant challenges across various sectors.
How can founders pitch to TRTL Ventures?
Founders can reach out to TRTL Ventures through their official website. It is advisable to include a clear business plan, market analysis, and details on how the startup leverages data and technology in their pitch.
What makes TRTL Ventures different from other investors?
TRTL Ventures emphasizes a problem-first investment approach, focusing on startups that can build dominant virtual platforms using deep technologies. The firm also leverages a robust network of founders and investors to provide strategic guidance and resources.
What is the geographic focus of TRTL Ventures?
TRTL Ventures primarily invests in Indian startups but has a strategic interest in companies with global ambitions, particularly those that can expand into Southeast Asia.
What is the typical check size for investments?
TRTL Ventures typically invests between $10,000 and $2 million in early-stage funding rounds.
What kind of post-investment support does TRTL provide?
TRTL Ventures offers strategic guidance, access to resources, and connections to help startups refine their products and scale effectively in global markets.
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