About Gemba Capital
Gemba Capital is a venture capital firm founded in 2018. It is primarily based out of Bengaluru, India. As of Mar 2026, Gemba Capital is an active investor, having invested in 55 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Series A round of Inamo Overall, Gemba Capital portfolio has seen 1 IPO and 7 acquisitions including key companies like Sage, myHQ and INAI. A lot of funds co-invest with Gemba Capital, with names like Angel List sharing a substantial percentage of its portfolio. Gemba Capital has team of 11 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Gemba Capital's List of Top Investments
Gemba Capital has a portfolio of 55 companies. Their most notable investments are in Zoconut and Mannjal.Their portfolio spans across India, United States and United Kingdom. They have invested in Enterprise Applications, FinTech, Retail and 18 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Gemba Capital:1. Wint Wealth
Online platform providing bond investments with fixed returns and repayment options. It facilitates bond transactions and operates as a registered stock broker in the debt segment. The platform offers resources, including risk disclosures and terms of use, for investor awareness. It also provides a grievance redressal mechanism and contact information for queries.
Key facts about Wint Wealth
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $54M
- Employee Count: 132 as on Feb 28, 2026
- Investors: Blume Venture, 3one4 Capital and 116 Others
- Latest Funding Round: Series B, Nov 26, 2025, $*****
- Highlight: Editors' Pick
2. Sage
Provider of cloud-based enterprise software solutions for accounting, finance, and people management. It leverages AI and machine learning to support accounting, people, payroll, and financial management needs. Its products integrate features like invoice, inventory management, reporting, and compliance tools.
Key facts about Sage
- Founded Year: 1981
- Location: Newcastle Upon Tyne (United Kingdom)
- Annual Revenue: £0 - £1M as on Dec 31, 2021
- Stage: Public
- Employee Count: 11,074 as on Dec 31, 2025
- Investors: Insight Partners, LetsVenture and 46 Others
- Latest Funding Round: Post IPO, Dec 16, 2019, $*****
- Highlight: Public
3. Grip
Regulated platform offering fixed-income investments in bonds and debt instruments. It operates as an online bond platform provider, giving retail investors access to listed, credit-rated opportunities such as corporate bonds, securitised debt instruments, and fixed deposits executed via exchange integration. Investors use the app and website to discover, evaluate, and purchase individual issues or curated baskets aligned with different risk-return profiles, typically targeting yields higher than traditional bank deposits while remaining non-market linked. The platform conducts due diligence on issuers, partners with rating agencies, and manages the full transaction lifecycle, including documentation, settlement into demat accounts, and periodic interest and principal repayments.
Key facts about Grip
- Founded Year: 2020
- Location: Delhi (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $16.5M
- Employee Count: 109 as on Apr 30, 2026
- Investors: LetsVenture, Endiya Partners and 70 Others
- Latest Funding Round: Series B, Jul 29, 2025, $*****
- Highlight: Editors' Pick
4. Zuper
Cloud-based service management solutions provider. The features include dispatching and tracking field employees, invoices and payments. The offering sectors are travel agencies, annual maintenance contractors, handymen, etc. Also provides real-time insights on the jobs in progress and on marketing campaigns for new and returning customers.
Key facts about Zuper
- Founded Year: 2016
- Location: Seattle (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $46.1M
- Employee Count: 290 as on May 31, 2026
- Investors: Prime Venture Partners, FUSE and 5 Others
- Latest Funding Round: Series B, Dec 13, 2023, $*****
- Highlight: Editors' Pick
5. myHQ
Provider of an online marketplace to book shared office membership pass. Amenities provided include wifi, on-demand pass for individuals, permanent space for teams, on-demand pass for teams, professional business address, virtual office, discounted food, and beverages are provided as a part of the chosen plans.
Key facts about myHQ
- Founded Year: 2016
- Location: Delhi (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $2.74M
- Employee Count: 259 as on May 31, 2026
- Investors: LetsVenture, India Quotient and 46 Others
- Latest Funding Round: Seed, Jan 16, 2021, $*****
- Highlight: Acquired
Gemba Capital's Year-on-Year Investment Trends
Gemba Capital has invested in 55 companies over the last 8 years, with an average of 6 new investments annually in the last 5 years. In 2025, it made 12 investments, while as of Mar 2026, it has made 2 investments in this year. Its most recent first time investment was in 4amFresh and most recent follow-on round was in Inamo.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 6 | 6 | 12 |
2024 | 3 | 2 | 5 |
2023 | 8 | 3 | 11 |
2022 | 4 | 1 | 5 |
2021 | 11 | 6 | 17 |
2020 | 8 | 2 | 10 |
2019 | 7 | 0 | 7 |
2018 | 5 | 0 | 5 |
Gemba Capital's Investments by Stage
Gemba Capital has made 47 investments in Seed stage with an average round size of $1.51M, 3 investments in Series A stage with an average round size of $4.84M, 1 investment in Post IPO stage with an average round size of $505K and 1 investment in Series B stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Seed | 47 |
Series A | 3 |
Post IPO | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
Gemba Capital's Investments by Sector
Gemba Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Retail and Financial Services. Notably, it has invested in 53 Tech companies, 35 Enterprise (B2B) companies, 25 Software companies and at least 23 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 22 |
FinTech | 20 |
Consumer | 14 |
Retail | 12 |
Financial Services | 7 |
Others | 45 |
Note: We have considered here, only first round of investments
Gemba Capital's Investments by Geography
Gemba Capital has made most investments in India (46), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
India | 46 |
United States | 7 |
United Kingdom | 2 |
Note: We have considered here, only first round of investments
Gemba Capital's recent investments
Gemba Capital has made 2 investments in 2026 so far - Inamo and Inamo.Here are the most recent investments by Gemba Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 02, 2026 | India | Series A | 6373 | ||
Mar 02, 2026 | India | Venture Debt | 6825 | ||
Oct 17, 2025 | India | Seed | 4100 | [+6] | |
Sep 15, 2025 | India | Seed | 5747 | [+1] | |
Sep 08, 2025 | India | Seed | 1281 | [+9] |
IPOs and Publicly Listed companies in Gemba Capital's Portfolio
1 of Gemba Capital's portfolio company became public - Sage. It got listed on the London Stock Exchange (LSE), in Jun 2013.Here are Gemba Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 10, 2013 | May 06, 2019 | Post IPO | 3122 |
Acquired companies in Gemba Capital's Portfolio
7 companies from Gemba Capital's portfolio have been acquired. The most recent acquisition was ShopKirana in Jul 2025 by Udaan for $*****.Here are Gemba Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 18, 2025 | Aug 16, 2019 | Series B | 7895 | |
Apr 23, 2025 | Jun 04, 2018 | Seed | 2170 | |
Mar 10, 2025 | Oct 19, 2022 | Seed | 7019 | |
Feb 26, 2025 | Sep 20, 2021 | Seed | 9166 | |
Apr 04, 2023 | 2020 | Seed | 3610 |
Team profile of Gemba Capital
Gemba Capital has a team of 11 members including 2 Partners, 3 Venture Partners and 1 Principal located in India. Gemba Capital's team sits on the board of 3 companies.Here is a list of top team members in Gemba Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | - | ||
Partner | India | - | ||
Venture Partner | Bengaluru | Pratilipi and Indiepress | ||
Venture Partner | Delhi | |||
Venture Partner | Bengaluru | - | ||
Principal | Bengaluru | - |
Co-investors of Gemba Capital
Over the past 8 years, 1118 investors have co-invested in Gemba Capital's portfolio companies. This includes funds and angels.
- Invested before Gemba Capital: Angel List, Wellfound and 196 others have invested in rounds before Gemba Capital. There are 4 companies where Angel List has invested before Gemba Capital and 3 companies where Wellfound has invested before Gemba Capital.
- Top Co-investors of Gemba Capital: 538 investors entered a company along with Gemba Capital. These include investors like Angel List (13 companies).
- Invested after Gemba Capital: A total of 382 investors have invested in Gemba Capital's portfolio after their investments. Top Investors include Wellfound (3 companies), Stride Ventures (3 companies) and Kunal Naresh Shah (3 companies).
Recent News related to Gemba Capital
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Inamo raises USD 8 mn in funding round led by Prime Venture PartnersNewsDrum•Mar 02, 2026•Inamo, Shastra, Antler, Gemba Capital and 2 others
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Quick Commerce Enablement Startup Inamo To Raise ₹50 CrStartupNews•Feb 28, 2026•Inamo, Shastra, Antler, Gemba Capital and 1 other
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Lending platform Mannjal raises Rs 17.5 Cr led by Arali VenturesEntrackr•Dec 03, 2025•Mannjal, Arali Ventures, B Capital, Sparrow Capital and 2 others
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MyNaksh Secures INR 7.5 Cr in Pre-Seed Funding Led by Eximius Ventures and Gemba CapitalEnablers•Sep 15, 2025•Eximius Ventures, Gemba Capital, Infinyte Club, MyNaksh and 5 others
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Pazy Secures INR 6 Cr in Pre-Seed Funding Round Led by Inuka CapitalEnablers•Jun 26, 2025•Pazy, Inuka Capital, Gemba Capital
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Pazy Secures ₹6 Crore in Pre-Seed Funding Round to Simplify B2B PaymentsCXOtoday•Jun 25, 2025•Pazy, Inuka Capital, Gemba Capital
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Flick TV raises $2.3 million in seed funding led by Stellaris Venture PartnersBusiness Line•Jun 10, 2025•Flick TV, Stellaris, Gemba Capital, Titan Capital
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Navadhan Raises ₹111 Crore in Series A Funding for Rural Fintech ExpansionElets Technomedia•Mar 24, 2025•Navadhan Capital, Prime Venture Partners, NABVENTURES, L N Bangur Group and 8 others
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Navadhan raises 111 Cr in Series-A funding roundThe Wire•Mar 19, 2025•Navadhan Capital, NABVENTURES, Prime Ventures, Gemba Capital and 2 others
