Ankur Capital
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These two women have built something genuinely different in the Indian VC landscape - they're the anti-hype fund that actually gets shit done. While everyone else was chasing consumer internet unicorns, Ritu and Rema were quietly backing agritech in 2013 when no one cared, and deep science when it wasn't trendy. The physicist-cost accountant combo works: Ritu spots the technical breakthroughs, Rema makes sure the business fundamentals aren't trash. They stay invested longer than most VCs (till Series B/C) and actually roll up their sleeves post-investment. The downside? They're picky as hell and move methodically - if you need quick decisions or don't have real IP/science behind your startup, look elsewhere. But if you're solving hard problems with actual technology for overlooked markets, they're the best partners you'll find in India.
- —Best for: Deep science/agritech startups with real IP solving unsexy but important problems
- —Watch out for: Slow decision-making process and high technical bar for investments
- —Known for: Contrarian early bets, hands-on support, and staying invested through multiple rounds
Ankur Capital is an early-stage venture capital firm investing in digital and deep science technologies. We aim to uncover and unlock opportunities in overlooked markets from India to the world. The firm invests in opportunities that are typically overlooked and likes to identify emerging themes early and grow with these large impactful market segments to realize significant returns for our investors.
We invest in companies in the seed stage and take a minority stake. As the company matures, we double down on our successful companies and aim to hold on to our stake till a Series B/C round, at which point we actively pursue an exit. Their actual focus is heavy on agritech (14 investments) and enterprise applications (10 investments), with proven wins in deep science including biotech, climate tech, and fintech for underserved markets.
Ritu is managing ₹1,200 crore ($150 million) across three funds at Ankur Capital, the deep science and agritech-focused venture firm she co-founded in 2013 with Rema Subramanian. She has a PhD in physics and worked on investing in IP led renewable technologies globally, with experience at Unilever and Philips bringing soaps and TV's to the market around the world. Known for her deep technical understanding and contrarian investment bets.
Rema Subramanian, a cost accountant with 30 years of CXO experience. Rema is a cost accountant by training who has worked in the education and IT/ITeS industries and has experience in scaling companies. Provides operational expertise and business strategy support to portfolio companies.
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