Rainmatter
Venture capitalBengaluru · Seed–Series A
Investment thesis
Rainmatter backs Indian founders across fintech, climate, health, and media, focusing on helping Indians make better decisions about money and health. Rather than operating as a conventional fund, it positions itself as a patient, long-term investor uninterested in quick exits, prioritizing long-term impact through partnerships. It does not take board seats or actively participate in businesses, and it avoids stage-based investing, evaluating companies holistically based on the people running them. It invests between roughly ₹50 lakhs and ₹100 crores. It has also committed $200 million in funding and grants toward climate action and a healthier environment via the Rainmatter Foundation, reinvesting economic upside back into the Foundation.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 46 of 53 portfolio companiesFintech ×34SaaS ×21Enterprise Software ×10Consumer ×8AI & Machine Learning ×4Digital Health ×4Healthtech ×4InsurTech ×4
HQs:India×38United States×4United Kingdom×1
Who they back
founder profiles across 17 portfolio companiesFounding team size:solo founder×72 founders×63 founders×34+ founders×1
Where their founders studiedfrom 20 founders with education data
Indian Institute of Technology, Kharagpur ×3Indian Institute of Management Ahmedabad ×2Indian Institute of Technology Gandhinagar ×2Indian Institute of Technology Kanpur ×2National Institute of Technology Calicut ×2University of Madras ×2
Where their founders worked beforefrom 23 founders with career history
Deutsche Bank ×2Goldman Sachs ×2ICICI Bank ×2Matrixpartners ×2Paytm ×2Varanium NexGen ×2
3 hold an MBA (of 21 with degree data)
Investments · 53 tracked
founders shown can be your intro pathBy year:2026 · 72025 · 12024 · 12023 · 42016 · 114 dated
Rupeeflo helps non-resident Indians (NRIs) invest in and access India financially, offering digital notarization, document courier, money transfers, and remote Demat/trading account opening with SEBI-registered stockbrokers.
FintechLegalTechSaaSBengaluru, IN
Dharmendra Maurya(CEO)in
ValueNable builds InsurTech infrastructure for life insurers, including a customer engagement and content platform that quantifies policy benefits to reduce mis-selling, plus a fully digital loan-against-insurance-policies service extended to mutual funds and equities.
FintechInsurTechSaaSIndia, IN
A MEV-powered staking protocol that allows users to stake $MON tokens and receive $aprMON for use in decentralized finance applications.
Crypto & Web3
Co-investorsPantera Capitalgumi Cryptos Capital (gCC)Manifold VenturesSauce.vc
Vishranth Suresh(Founder)inAwanish Raj(Founder)in
Co-investorsEight Roads VenturesSprint Vc
Blostem is building a unified infrastructure layer that lets any digital platform offer banking products through a single SDK and API, connecting to multiple banks and NBFCs with built-in KYC, compliance, payments, and servicing.
Cloud ComputingData & InfrastructureFintechSaaSNoida, IN
Capitalmind Select India One is a SEBI-registered Category III Alternative Investment Fund that invests in NSE-listed Indian equity and equity-related instruments using a quantitative, rules-based multi-factor strategy (momentum, low volatility, and quality).
FintechIndia, IN
Deepak Shenoyin
Card91 provides a payment issuance platform for banks and PPI (Prepaid Payment Instrument) license holders to create and manage customizable card programs and wallets, including digital, virtual, physical, NFC, and wearable cards.
Enterprise SoftwareFintechSaaS
Ajay Pandey(Founder)in
Co-investorsCommerce VenturesPoint72 VenturesEmphasis VenturesInfinity Ventures
Castler provides trust infrastructure for money movement, including regulated escrow banking, white-labeled connected banking, and software escrow for source code and digital IP.
Enterprise SoftwareFintechSaaS
Vineet Singh(Founder & CEO)inDinesh Kumar(Co-Founder & CBO)in
Co-investorsCapital2BFlipkart VenturesNSRCEL
CRED is a members-only app for credit card users in India that rewards timely bill payments with offers and premium experiences, and lets members manage multiple cards while tracking spending and credit scores.
ConsumerFintech
Kunal Shah(Founder)in
Co-investorsAlpha Wave GlobalCoatue ManagementFlucas VenturesPeak XV PartnersRTP GlobalWhiteboard Capital+1 more
Dharma operates seekdharma.com, offering Emily in Paris-themed travel experiences and tours in Paris and Rome.
Co-investorsBY Venture PartnersMiroma VenturesShorooq Partners
Digio provides a digital identity and onboarding platform for financial institutions and enterprises in India, offering KYC, document management, digital signatures, payments, and consent management capabilities.
Cloud ComputingEnterprise SoftwareFintechBengaluru, IN
Abhinav Parashar(Founder)in
Elder is a marketplace that connects families with self-employed home carers, offering long-term, temporary, and flexible in-home care for older people across Great Britain.
Digital HealthHealthtechMarketplaces
Peter Dowds(Founder)in
Co-investorsActon CapitalMMC VenturesTransLink Capital
Emoha is an Indian senior care brand providing at-home holistic care for individuals aged 55+, including geriatric care, 24/7 emergency support, health monitoring, hospital accompaniment, and engagement activities.
Digital HealthHealthtechWellness & FitnessGurgaon, IN
Co-investorsLumis PartnersPegasus India Evolving Opportunities Fund
Fi is a money management and banking app offering accounts and a rewards points program for consumers, operated in partnership with Federal Bank.
ConsumerFintechBengaluru, IN
Sujith Narayanan(Founder)inSumit Gwalani(Founder)in
Co-investorsAlpha Wave GlobalB Capital GroupB4 CapitalB CapitalQCM HoldingsRibbit Capital+1 more
FITTR is a fitness coaching platform that provides personalized diet plans and workout programs to help users achieve their health goals.
Digital HealthHealthtechLongevityWellness & Fitness
Co-investorsBetter CapitalPeak XV PartnersDream CapitalElysian Park VenturesSurge
Game Theory operates sports facilities offering unlimited coaching classes in multiple sports including badminton, basketball, pickleball, table tennis, squash, swimming, and padel for both kids and adults in India.
ConsumerGamingSports TechWellness & FitnessBengaluru, IN
Co-investorsTechstarsWEH Ventures
GoalTeller offers financial guidance and planning for individual investors, covering investments, financial goals, security, and taxation, along with a weekly financial insights newsletter.
Fintech
Co-investorsSprint Vc
Los Angeles, US
Douglas Schaer(Executive Officer, Director, Promoter)Jason Rosen(Executive Officer, Promoter)
BoardStanley Gold(LLC Manager)Basil DeVito(LLC Manager)Dan Mintz(LLC Manager)Frederick Licht(LLC Manager)
Co-investorsC VenturesDelivery Hero VenturesGlobal VenturesMela VenturesMiddle East Venture Partners (MEVP)P1 Ventures
Immuneel Therapeutics develops and manufactures cell-based immunotherapies, including CAR-T therapies, for cancer patients, with in-house cGMP lentiviral vector manufacturing.
BiotechHealthtechMedical Devices
Kiran Mazumdar-Shaw(Board Director & Co-founder)Siddhartha Mukherjee(Board Director & Co-founder)Amit Mookimin
Co-investorsF-Prime CapitalVedanta Capital
indiagold connects consumers in India with gold loan offers from banks and financial institutions such as HDFC, ICICI, RBL Bank, and Bandhan, offering quick disbursal and low documentation.
FintechMarketplaces
Deepak Abbot(Founder)inNitin Misra(Founder)in
Co-investorsAlpha Wave GlobalBetter Tomorrow VenturespeerchequeTDV Partners3one4 Capital
A platform presenting mutual fund and asset management company options in India, listing established fund houses such as SBI, ICICI Prudential, HDFC, and others with their track records and market data.
Fintech
Co-investorsCreative HQ — The Incubator
Jodo provides fee collection software for educational institutions in India, offering automation and affordability features to schools, colleges, universities, ed-tech platforms, and coaching centers.
EdTechFintechSaaS
Atulya T. Bhat(Co-founder)inRaghav Nagarajan(Co-founder)inKoustav Dey(Co-founder)in
Co-investorsElevation CapitalZ47
Jupiter is a digital-first money management platform for Indians that provides financial wellness tools for tracking, saving, and investing.
ConsumerFintechSaaS
Jitendra Gupta(Founder)inVirender SinghAvinash K CDhawan MAravind SheshaKeara Bakshi
Co-investorsBetter CapitalHummingbird VenturesPeak XV PartnersQED InvestorsTanglin Venture PartnersWhiteboard Capital+4 more
Kambala Solutions provides technology products and services to financial organizations, particularly for securities trading and institutional markets.
Cloud ComputingEnterprise SoftwareFintechSaaSBangalore, IN
Somnath Jogi(Managing Director)Kumar Anand(Executive Director)Gururaja Hegde(Executive Director)
M2P Fintech provides fintech infrastructure and supports fintech startups and entrepreneurs.
AI & Machine LearningEnterprise SoftwareFintechSaaSChennai, IN
Madhusudanan R(Co-founder)inMuthukumar A(Co-founder)inPrabhu Rangarajan(Co-founder)in
Co-investors8i VenturesBetter CapitalBEENEXTFlourish VenturesHelios Investment PartnersInsight Partners+8 more
NOTO Botanics produces plant-based skincare products, including moisturizers formulated with natural ingredients like hyaluronic acid, marula oil, and blue tansy.
ConsumerDirect to ConsumerWellness & Fitness
Co-investorsVerity Venture PartnersSignal VenturesTitan CapitalWEH Ventures
OneAssure is an insurance advisory platform that helps individuals and families compare, buy, manage, and file claims for insurance policies with expert human guidance and digital tools.
Digital HealthFintechInsurTech
Co-investorsSupermorpheusUpsparks Capital
Ossus builds software for managing library operations, including cataloging, circulation, and inventory management, with AI-assisted features that automate routine administrative tasks while preserving librarian judgment.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSan Francisco, US
Jonathan Görtz(Founder/CEO)inCarl-Hugo Jacobsson(Founder)inKaan Sirin(Founder)in
Co-investorsY Combinator
P•TAL is a cookware and homeware brand that makes handcrafted brass, copper, and bronze kitchen products, inspired by Ayurvedic wellness traditions.
ConsumerDirect to ConsumerE-commerce
Co-investorsConnecticut InnovationsAnicut CapitalTitan CapitalVenture Catalysts
Polycycl develops chemical recycling technology that converts waste plastics back into feedstock, targeting a plastic-to-plastic closed loop as part of a circular economy for post-use plastics.
Advanced ManufacturingCircular EconomyCleantechNew Materials
Amit Tandon(Founder & CEO)Srinivas Mazumdar(CTO)in
Co-investorsSupermorpheus
PrimeInvestor offers research-driven investment guidance and a SEBI-regulated Portfolio Management Service (PMS) for retail investors, covering stocks, mutual funds, bonds, and insurance along with screening and review tools.
FintechSaaS
SrikanthVidya Balain
Procol builds procurement management software that helps enterprises manage their procurement lifecycle, replacing paper and spreadsheet-based processes and connecting companies with suppliers.
AI & Machine LearningB2B MarketplacesEnterprise SoftwareSaaSNew Delhi, IN
Gaurav Baheti(Founder and CEO)in
Co-investorsGMO VenturePartners
smallcase is an investment app offering expert-managed model portfolios of stocks, ETFs and mutual funds, along with direct mutual funds, fixed deposits, and portfolio tracking tools.
ConsumerFintechSaaSBangalore, IN
Vasanth Kamath(Founder)inRohan Gupta(Founder)in
Co-investorsArkam VenturesCapria VenturesElev8 Venture PartnersPeak XV PartnersPremji Invest
SolarSquare designs and installs rooftop solar panel systems for homes, housing societies, and businesses across India, handling inspection, installation, subsidy, financing (EMI plans), and post-installation maintenance.
CleantechClimate TechEnergy
Neeraj Jain(Co-Founder)inNikhil Nahar(Co-Founder)inShreya Mishra(Co-Founder)in
Co-investorsB Capital GroupBetter CapitalElevation CapitalGood CapitalInvestopadLightspeed Venture Partners+3 more
Seattle, US
CHAD HARTVIGSON(PRESIDENT AND CEO)in
BoardJEFF JOCHUMS(Director)GRANT HARTVIGSON(Director)
Co-investorsA91 PartnersNexus Venture Partners
Co-investors3one4 Capital
The Financialist (Finfam Investment Advisors Private Limited) is a SEBI-registered investment advisory service offering fee-based personal financial planning, including investment, tax, insurance, liability, and succession planning.
ConsumerFintechMumbai, IN
Co-investorsNSRCEL
Wint Wealth is a SEBI-registered online bond platform that lets retail investors buy corporate and other debt securities offering fixed returns.
FintechBengaluru, IN
Anshul Gupta(Director)inAditya Anand(CEO)inAjinkya Kulkarni(Founder)inAbhik Patel(Founder)inShashank Chimaladari(Founder)inVasanth Kamath
Co-investorsAll In CapitalArkam VenturesBetter CapitalCapria VenturesFirst ChequeFundamentum+5 more
Portfolio news
latest coverage across their companies
Emoha · community.startuptalky.com · Aug 30, 2026

Sportswear · asianbusinessreview.com · Aug 24, 2026

Fittr · whalesbook.com · Aug 18, 2026

Immuneel · geneonline.com · Aug 12, 2026
Hero Ventures · timesofindia.indiatimes.com · Aug 6, 2026
M2P · siliconindia.com · Jul 19, 2026
Smallcase · thesaasnews.com · Jul 6, 2026

Elder · digitalhealthnews.com · Jul 4, 2026
Frequently asked questions
- How many investments has Rainmatter made?
- Rainmatter has 38 tracked investments, including 1 dated in the last 24 months.
- What stage does Rainmatter invest at?
- Rainmatter invests at the Seed, Series A stages.
- What is Rainmatter's typical check size?
- Rainmatter typically writes checks of $60K – $12M.
- What sectors does Rainmatter focus on?
- Rainmatter focuses on Climate Tech, Fintech, Healthtech, Media & Entertainment.
- Where is Rainmatter located?
- Rainmatter is headquartered in Bengaluru, IN.
- Does Rainmatter lead rounds?
- Rainmatter typically participates in rounds rather than leading them.
- Who does Rainmatter co-invest with?
- Rainmatter most often shares deals with Alpha Wave Global, Better Capital, NSRCEL, among 42 tracked co-investors.
Media · Podcasts & interviews
from their channelHow Ditto built an insurance business with zero spam | Founder Notes EP 2
Rainmatter by Zerodha
How Akshayakalpa 10x'ed farmer incomes in India | Founder Notes EP 1
Rainmatter by Zerodha
Why this VC Passed on Zepto | Pokemon Framework for Backing Young Founders
Rainmatter by Zerodha
How VCs Measure Product Market Fit | PMF framework ft Sajith Pai & Dinesh Pai | How VCs Think Ep 7
Rainmatter by Zerodha
What getting kicked out of Quick Commerce taught this founder | Ft Sudarshan of (@proteinchefindia)
Rainmatter by Zerodha
How VCs Evaluate Your MVP | Minimum Viable Product framework ft Rahul & Shradha | How VCs Think EP 6
Rainmatter by Zerodha
Images
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