WEH Ventures

Profile

WEH Ventures is a seed-stage investor based in Mumbai, India, founded in 2017 by Deepak Gupta and Rohit Krishna. The firm consists of a small team, including partners and investment associates with a range of backgrounds in equity research, FMCG operations, and public markets. WEH Ventures is known for backing companies in their early stages, often those that challenge conventional paths and exhibit strong conviction, focusing on India's burgeoning physical economy sectors.

WEH Ventures invests primarily in advanced manufacturing, agriculture, robotics, energy transition, AI, healthcare, consumer sectors, and fintech. The firm targets check sizes that are unspecified but operate within the seed and pre-seed stages, concentrating on companies within India. It has raised several funds, including Fund I at 1.4x DPI, Fund II with a 29% IRR, and the ongoing Fund III with a target of ₹250 crore (~$28 million). Notable LPs include Nordic fund-of-funds Play Capital and several family offices like Eraya and Twin & Bull Investments.

Notable portfolio companies include Smallcase - a financial services platform, Fragaria - a plant-based agriculture startup, Praan Health - a healthcare services company, PlayBlue - a sports technology firm, and Mitigata which recently raised a Series A. The firm's focus on the physical economy differentiates it within India's tech-heavy investment landscape, emphasizing capital discipline and follow-on rate success.