Venture capital firm Physis Capital has announced the successful closing of its ₹400 crore fund, which aims to invest in technology startups across various sectors. The fund specifically targets pre-Series A and B companies, offering investment amounts ranging from $1 million to $3 million.
Vinay Bansal, Managing Partner at Physis Capital, emphasized the firm’s commitment to supporting founders addressing significant, structural challenges in India. He stated, “We’re focused on backing founders solving real, structural problems across India, whether it’s access to capital, healthcare affordability, or building for the next wave of consumers beyond the metros. We look for teams building with conviction and depth.”
As Indian startups continue to mature, Physis Capital remains dedicated to investing in founders poised to influence the next decade of innovation.
The firm has attracted several notable limited partners (LPs) for this fund, including Star Union, Dai-Ichi Insurance, Haldiram’s, Lotus Herbals, Ajmera Realty, Narayana Nethralaya, and the Dharampal Satyapal Group. Ankur Mittal, another Managing Partner at Physis Capital, highlighted the caliber of their LPs, noting, “What stands out for us is the quality of partners backing the fund. We’re seeing seasoned operators and institutional leaders choose to work with us, reflecting a shared belief in disciplined investing and long-term value creation in India.”
Already, Physis Capital has allocated capital to ten portfolio companies and aims to complete its investment deployment within the next 6 to 8 months. Currently, 60% of the fund’s corpus has been invested in companies such as OlyV, STAGE, Hudle, and Elevate Now. The company plans to expand its portfolio to include 15 to 20 companies by December of this year.
Published on May 27, 2026.
