Gemba Capital’s $10 Mn micro VC fund to invest in 24 early stage startups

Micro VC funds are becoming more and more common in the Indian startup ecosystem. Recently, three ISB alumni announced a micro-VC fund, Atrium Angels, for startups. Taking a similar initiative, Bengaluru-based Gemba Capital that invests in pre-seed and seed rounds in tech startups from India has launched its maiden micro-VC fund of $10 Mn.

The fund will invest in 24 early-stage startups across SaaS, consumer tech, fintech, and deeptech sectors with the first cheque of $250K and a 35% reserve ratio for making follow-on investments.

Founded by Adith Podhar in 2019, Gemba Capital, which started as a family office making angel investments, has now funded pre-seed and seed rounds in 30 startups. Few notable ones include insurtech startups Plum and BimaPe, D2C startup SleepyCat, fintech Gripinvest, Walrus and Strata, agritech Unnati, edtech Crejo, SaaS startups Zuper and ClickPost and D2C eyewear startup Cleardekho.