MARKET NOTES / 001INDIA / MUMBAI / SERVICE PROVIDERS TO BANKS
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Service Providers to Banks.
Mumbai.

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Who backs this market, where they enter, and how recently they have added a new company. A directory built around the questions founders actually ask.

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Companies are based in Mumbai · investors can be based anywhere
Dataset through 22 May 2026 · calculated 14 Sep 2026
01 / THE SHORTLIST LAB

Make the list work for your company.

3 backers based in Mumbai are shown by default. Compare up to three.

3 of 11 selected backers · Mumbai only

Shows investors whose recorded city is Mumbai. Unknown cities are excluded. Market charts cover all investor locations.

Theme filtering selects backers of companies carrying that theme tag. Entry-stage filtering selects backers with an entry at that stage; the two matches may be different companies. Row metrics describe their entire dated Service Providers to Banks history in Mumbai.

Selected investors ranked by distinct companies backed, with first-entry financing and recent activity.
CompareInvestor / recorded locationCompanies
here
New in
24 months
Median total
entry round
Companies
backed again
Latest
investment
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THE INVESTOR, IN CONTEXT
LINKEDIN ACCESS

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02 / THE MARKET READ

Activity is a better starting point
than a long list of names.

Latest 24 months: after 22 May 2024 through 22 May 2026.

RECENT PARTICIPATION
7

Backers in a recent round

5 added at least one new company in this market. The remainder participated only in companies they had already backed here.

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MARKET PACE
2

Distinct equity rounds

Across 2 companies, versus 3 rounds in the preceding 24 months. Each company round is counted once.

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EARLY FINANCING
0%

Rounds at Angel, Pre-Seed or Seed

0 of 2 recent rounds. Compare your stage with its own financing range before sizing the ask.

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NEW RELATIONSHIPS
71%

Participations were first entries

5 first investor–company relationships out of 7 participations. The other 2 were later rounds together.

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Build a syndicate beyond the city.

Of 7 recently active backers, 1 have a recorded Mumbai location and 5 are based elsewhere. Location is missing for 1. Search by market experience first, then investigate the people and their remit.

Match the whole round to your plan.

Recent Seed rounds have a median size of Undisclosed, across 0 disclosed amounts. That is total company financing. An individual investor’s cheque or available capital is not disclosed here.

04 / THE DEPTH MAP

One appearance, or a pattern?

117 of 121 backers with dated histories appear in just one company. Select a cell to explore the directory.

Backers by type and number of distinct Service Providers to Banks companies backed in Mumbai, all dated history.
Portfolio breadth here1 company2 companies3–56–1011+
Firms & institutions
Individual angels

Circle area increases with backer count. The shortlist includes backers with 2 or more companies in this market, plus other backers active in the latest 24 months. In the 1-company cell, only recently active backers are available to explore. The shortlist’s investor-location filter also applies; select all locations to broaden the results. 0 backers have only undated entries.

05 / ROUND DESIGN

Different stages. Different capital.

Recent equity rounds · 24-month window.
Amounts are in USD.

StageDistinct roundsMedian / middle half
Series A
1
$10M$10M–$10M1 disclosed · small sample
PE
1
$92M$92M–$92M1 disclosed · small sample
06 / FOLLOW THE EVIDENCE

The most recent recorded rounds.

Distinct company rounds.
Named backers are shown lead-first.

PE

Provider of financial products including business, working capital, and MSME loans

$92M total equity round
1 named backer

Vitruvian Partners

Series A

Provider of solar financing platform

$10M total equity round
6 named backers

Vertex Ventures · AU Small Finance Bank · Four Sb · Northern Arc Capital · Prime Venture Partners · +1 more

Series A

Provider of solar financing platform

$5.0M total equity round
5 named backers

Prime Venture Partners · VCAPL · Alteria Capital · Four SB · Innoven Capital

Seed

Provider of solar financing platform

$625K total equity round
6 named backers

100Unicorns · Patamar Capital · Peak Sustainability Ventures · Rockefeller · Venture Catalysts · +1 more

Seed

Provider of financial intermediation and pension funding services

Undisclosed total equity round
4 named backers

Jaspal Bindra · Ketan Gaikwad · Nitin Gupta · Vivek Patel

Angel

Provider of house finance services

$83K total equity round
11 named backers

Amol Shelar · Atul Gupta · Krishna Arimilli · Nagarajan Seetharaman · Niranjan Pathade · +6 more

07 / READING THE ATLAS

What these patterns can tell you.

The market boundary

Recorded equity rounds for companies tagged Service Providers to Banks and located in Mumbai. Investor headquarters may be elsewhere. Company sector and location reflect the available company records, not necessarily the location or sector at the investment date.

The time boundary

Data coverage ends 22 May 2026. The latest market round is 28 Sep 2025. There are 0 undated participations, excluded from timing metrics. Activity after the cutoff is unknown.

The relationship boundary

“New” is the first dated relationship between a backer and a company in this market. “Backed again” requires a later dated round together. A first observed entry may follow an earlier unrecorded investment.

The financing boundary

Amounts describe entire equity rounds, not personal cheques, fund capacity or returns. Medians exclude missing and non-positive amounts; the middle half spans the 25th–75th percentiles. A recorded investment does not establish current availability.

RADAR / COMPANY DISCOVERY

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Calculated 14 Sep 2026 · 11 investor histories to explore