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Whiteboard Capital is an early-stage venture capital firm based in Mumbai, India, founded in 2017 by Sandeep Tandon, the co-founder of Freecharge, and Anshu Prasher. The firm adopts a sector-agnostic investment approach, focusing on consumer, financial, and healthcare sectors. Whiteboard Capital differentiates itself by combining the roles of an incubator and an early-stage fund, deploying its operating team to work closely with portfolio companies in areas such as operations, data analytics, and technology.
This hands-on approach aims to transform bold ideas into thriving businesses. As of August 2024, Whiteboard Capital closed its second fund at ₹300 crore (approximately $40 million), doubling its initial target of ₹150 crore. The firm plans to invest in approximately 50 companies, with a significant focus on follow-on investments within its existing portfolio.
Notable investments include fintech companies like CRED, Jupiter, and Dezerv, as well as consumer brands such as Damensch and NatHabit. The firm has also ventured into the cryptocurrency space, investing in projects like Crypso and Nume Crypto. Whiteboard Capital's commitment to excellence and its unique investment philosophy have established it as a prominent player in the Indian venture capital landscape.
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