June 18, 2025: Physis Capital has successfully secured over Rs 200 crore towards its maiden Rs 400 crore fund to build a portfolio comprising 15 to 20 companies, with individual investments ranging between $1 million and $4 million. Uptill now, the Venture Capital firm has committed capital to three startups and currently has eight potential deals under consideration.
Founded by Vinay Bansal, Ankur Mittal, and Mitesh Shah, the Venture Capital firm Physis Capital targets investments in startups at the pre-Series A to Series B stage. According the Venture Firm while accelerators and incubators help early-stage start-ups, Growth-Stage startups seldom get structural mentorship and support. Hence, only 2% of the Indian startups are able to go beyond Series-B funding.
Vinay Bansal, General Partner at Physis Capital, shared insights on their investment pipeline, noting that they expect to issue term sheets for three to four companies in the upcoming months. These investments are anticipated to close within the next two quarters. The opportunities under review span several sectors including healthtech, fintech, consumer brands, and quick commerce, reflecting the firm’s strategy to diversify across high-potential industries.
Physis Capital Plans More Investments After Raising ₹200 Cr
A recent example of their portfolio expansion is the third investment in STAGE, a hyperlocal OTT platform focusing on content in regional Indian languages such as Haryanvi, Rajasthani, and Bhojpuri. This move underscores Physis Capital’s interest in platforms that cater to localized audiences and niche markets across India.
By aligning capital with startups positioned to scale, Physis Capital seeks to contribute to the growth ecosystem by supporting innovative ventures across multiple sectors in India’s evolving market.
The Venture Capital firm provides an integrated ecosystem consisting of technical, operational, and strategic mentorship along with funding. This initial funding round saw participation from a mix of institutional investors and family offices, including notable names such as SUD Life, Haldiram’s Family Office, Lotus Holdings, and Narayana Nethralaya. The firm aims to complete the remaining capital raise within the next six to nine months.
