About P4 Capital
P4 Capital is a venture capital firm founded in 2023. It is primarily based out of Mumbai, India. As of Jul 2026, P4 Capital has invested in 18 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Retail to Enterprise Applications and Consumer. Most recently it participated in the $***** Seed round of Koparo Overall, P4 Capital portfolio has seen 1 unicorn, 7 IPOs and 1 acquisition including key companies like Nykaa, Indian Energy Exchange and NSE. A lot of funds co-invest with P4 Capital, with names like Aman Gupta sharing a substantial percentage of its portfolio. P4 Capital has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Acquisitions
Portfolio Unicorns
P4 Capital's List of Top Investments
P4 Capital has a portfolio of 18 companies, one of which is a Unicorn. Their most notable investments are in Koparo and Koparo.Their portfolio spans across and India. They have invested in Retail, Enterprise Applications, Consumer and 14 other sectors, across stages such as Seed stage. Here is the list of top investments by P4 Capital:
1. Nykaa
Retailer of cosmetics, skincare, haircare, and beauty accessories via online channels. The company provides various face serums, toners, hair serums, and exfoliators. It offers trending makeup and routines. The business model includes new product launches and beauty advice.
Key facts about Nykaa
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $103M
- Employee Count: 3,735 as on Mar 31, 2025
- Investors: ABG Capital, TVS Capital Funds and 65 Others
- Latest Funding Round: Series E, Mar 31, 2020, $*****
- Highlight: Public
2. EatClub
Provider of D2C cloud kitchens and food delivery services. The app offers late-night delivery, live order tracking, and the ability to order from multiple brands in a single transaction. The company uses a cloud kitchen model, partnering with brands to provide a range of cuisines to its customers.
Key facts about EatClub
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $97.7M
- Employee Count: 3,656 as on Aug 31, 2025
- Investors: 360 One, Trifecta Capital and 76 Others
- Latest Funding Round: Series E, Jul 26, 2025, $*****
- Highlight: Editors' Pick
3. smallcase
Provider of a digital wealth management platform. It enables retail investors to build and manage long-term portfolios across multiple asset classes. The platform offers expert-managed model portfolios , direct mutual funds, stocks, ETFs, fixed deposits, and investment-backed credit, allowing users to invest through their existing brokerage accounts. It also provides portfolio tracking, AI-powered wealth insights, investment scoring, portfolio creation tools, and net worth management capabilities.
Key facts about smallcase
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $100M
- Employee Count: 367 as on Apr 30, 2026
- Investors: Amazon, State Street Global Advisors and 58 Others
- Latest Funding Round: Series D, Mar 27, 2025, $*****
- Highlight: Editors' Pick
Provider of power trading services. It is a power trading platform which provides a de-mutualized and automated platform for physical delivery of electricity. It enables price discovery and price risk management for participants of the electricity market. It provides open access to consumers on the exchange platform to manage their power portfolio.
Key facts about Indian Energy Exchange
- Founded Year: 2008
- Location: Noida (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $30M
- Employee Count: 179 as on Mar 31, 2025
- Investors: WestBridge Capital, Education Growth Partners and 11 Others
- Latest Funding Round: Series A, Oct 2017, $*****
- Highlight: Public
5. Wonderchef
Internet first brand of multi-category cookware and kitchen appliances. Its product catalog includes non-stick cookware, mixer grinder, stainless steel dinner set, kitchen appliances, knives, mixers, juicers microwaves, cookers, cooktops, kitchen tools, utensils, and much more. It also offers recipes, blogs, video recipes, care manuals, and e-recipe books.
Key facts about Wonderchef
- Founded Year: 2009
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $49.3M
- Employee Count: 238 as on Apr 30, 2026
- Investors: Sixth Sense Ventures, P4 Capital and 40 Others
- Latest Funding Round: Series C, Nov 16, 2021, $*****
P4 Capital's Year-on-Year Investment Trends
In 2025, it made 1 investment, while as of Jul 2026, it has made 1 investment in this year. Its most recent first time investment was in Koparo and most recent follow-on round was in Koparo.P4 Capital's Investments by Stage
P4 Capital has made 1 investment in Seed stage with an average round size of $710K.P4 Capital's Investments by Sector
P4 Capital has a diverse portfolio, with companies operating in the Consumer Goods and Retail. Notably, it has invested in 10 Enterprise (B2B) companies, 9 Consumer (B2C) companies, 9 Tech companies and at least 4 companies focusing on Software.P4 Capital's Investments by Geography
P4 Capital has made most investments in India (1).P4 Capital's recent investments
P4 Capital has made 1 investments in 2026 so far - Koparo.Here are the most recent investments by P4 Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 20, 2026 | India | Seed | 3167 | ||
Mar 29, 2025 | India | Seed | 5631 | [+12] | |
Feb 07, 2024 | India | Seed | 6621 | [+5] |
Unicorns in P4 Capital's Portfolio
P4 Capital has 1 unicorn in its portfolio - OfBusiness. The most recent unicorn in their portfolio is OfBusiness which became a unicorn in 2021, 5 years before P4 Capital first invested in it.Here is a list of unicorns in P4 Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | B2B commerce platform specializing in metals, chemicals, fashion, and food-processing | 2015 | Gurugram | Series G | tbvliud |
IPOs and Publicly Listed companies in P4 Capital's Portfolio
7 of P4 Capital's portfolio companies have become public. NSE got listed on the Bombay Stock Exchange (BSE), in Sep 2026 at marketcap of $46.1B and ESDS got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $532M.Here are P4 Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 24, 2026 | - | - | 1770 | |
Sep 04, 2026 | - | - | 6945 | |
Dec 27, 2024 | - | - | 9603 | |
Nov 10, 2021 | - | - | 9055 | |
Aug 24, 2021 | - | - | 6534 |
Acquired companies in P4 Capital's Portfolio
1 company from P4 Capital's portfolio has been acquired. The most recent acquisition was GoldenPi in May 2026 by Oxyzo for $*****.Here are P4 Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 19, 2026 | - | - | 4409 |
Team profile of P4 Capital
P4 Capital has a team of 4 members. P4 Capital's team does not sit on the board of any company as of now.Co-investors of P4 Capital
Over the past 2 years, 34 investors have co-invested in P4 Capital's portfolio companies. This includes funds and angels.
- Invested before P4 Capital: Saama, Titan Capital and 18 others have invested in rounds before P4 Capital. There is 1 company where Saama has invested before P4 Capital and 1 company where Titan Capital has invested before P4 Capital.
- Top Co-investors of P4 Capital: 6 investors entered a company along with P4 Capital. These include investors like Aman Gupta (1 company).
- Invested after P4 Capital: A total of 8 investors have invested in P4 Capital's portfolio after their investments. Top Investors include Vikramaditya Mohan Thapar Family Trust (1 company), Natacha Kapoor (1 company) and Kaushik Deva (1 company).
