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Panthera Growth Partners

Growth equity

Singapore · Series A–Growth · 8 people tracked

Also known as Panthera Growth

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Investment thesis

Panthera Growth Partners focuses on growth-stage companies, partnering with founders who have achieved product-market fit and are ready to scale further. The firm emphasizes patient, long-term capital and works alongside leadership teams on the less-visible aspects of scaling — pricing discipline, organizational design, and the stages beyond initial product-market fit — where it believes enduring value is created. It expresses particular interest in supporting companies building toward category leadership in India, backing good businesses through market cycles so they can compound over time.

Source: firm website, verified Oct 1, 2026.

Stage
Series A–Growth
HQ
Singapore, SG
Instruments
Equity
Founded
2021
Tracked investments
5

Team · 8 people

from the firm's website
Shilpa Kulkarni· Founder & General Partnerin
Rikin Kapadia· Managing Directorin
Ayush Goenka· Vice Presidentin
Mansi Shah· VP - Operations, Finance & Legalin
Prashanti S.· Investor Relations
Rahul Dadlani· AVP - Operations and Financein
Viraj Tamhankar· Senior Associatein
Vishesh Vohra· Senior Associatein

What they invest in

from 4 of 5 portfolio companies

Consumer ×3Direct to Consumer ×2E-commerce ×1Fintech ×1Marketplaces ×1Mobility & Transportation ×1Retail Tech ×1Travel & Hospitality ×1

HQs:India×3

Investments · 5 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12023 · 22022 · 15 dated

Emotorademotorad.cominNov 2023 · $20M

EMotorad designs and sells electric bicycles and e-bikes, offering a range of electric cycles to consumers through online purchase.

ConsumerDirect to ConsumerMobility & Transportation

Kunal Gupta(Founder)in

Co-investorsNewRadioVenture

Fab Hotelsfabhotels.cominSep 2023

FabHotels operates a branded network of budget and economy hotels across India, offering standardized rooms with amenities like WiFi, AC, and room service.

ConsumerMarketplacesTravel & Hospitality

Vaibhav Aggarwal(Founder)inAdarsh Manpuria(Founder)Vaibhav Agarwal(Founder)

Co-investorsAarin CapitalAccelTracxn labsGoldman SachsPanthera

Foxtalefoxtale.inin𝕏Jun 2024 · $18M

Foxtale is an Indian skincare brand that sells face and body products—including moisturizers, serums, cleansers, sunscreens, and body washes—formulated with active ingredients like niacinamide, vitamin C, and salicylic acid.

ConsumerDirect to ConsumerE-commerce

Romita Mazumdar(Founder)in

Co-investorsKae CapitalNuVenturesZ47Matrix

Innovitiinnoviti.comin𝕏Jul 2022 · $25M

Innoviti provides payment acceptance solutions for Indian businesses, enabling them to accept multiple payment methods including cards, UPI, and loyalty points.

FintechRetail TechIndia, IN

Rajeev Agrawal(Founder)

Co-investorsAlumni VenturesBessemer Venture PartnersSBI Ven CapitalTrifecta Capital AdvisorsFMO

Pepperfrypepperfry.comJun 2025

Online marketplace offering well-designed home and furniture products.

Ambareesh Murty(Founder)Ashish Shah(Founder)

Co-investorsBertelsmann India InvestmentsInnoVen CapitalNorwest Venture PartnersGoldman Sachs

Frequently asked questions

How many investments has Panthera Growth Partners made?
Panthera Growth Partners has 5 tracked investments, including 1 dated in the last 24 months.
What stage does Panthera Growth Partners invest at?
Panthera Growth Partners invests at the Series A, Series B, Growth stages.
What sectors does Panthera Growth Partners focus on?
Panthera Growth Partners focuses on Data & Infrastructure, Enterprise Software, SaaS, Sector Agnostic.
Where is Panthera Growth Partners located?
Panthera Growth Partners is headquartered in Singapore, SG.

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