Mettle Capital

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Status

ACTIVE

Global HQ

London, United Kingdom

Countries of investment

India
United States
Singapore

Investment stages

Seed
Series A
Series B

Industries

Consumer Tech
SaaS
FinTech
Healthcare
Enterprise
AI
Climate Tech
Vertical SaaS

About
Mettle Capital is a Bengaluru-based VC focused on Indian high-growth startups. Their focus spans consumer tech, SaaS, fintech, healthcare, and enterprise across India, the United States, and Singapore. The firm supports founders from Seed through Series B.

Min check size: $500K
Max check size: $3M
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Investment Thesis

Mettle Capital is an early growth-stage venture capital firm deploying capital across high-growth sectors targeting Indian startups. They invest with conviction in companies that have already demonstrated product-market fit, customer traction, and clear paths to scale, while selectively participating in seed-stage opportunities. The firm differentiates itself through its founding partners' combined deep experience at Peak XV Partners and Sequoia Capital India, $350M-$400M target fund size, and concentrated investment strategy targeting 5-6 investments annually.

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Manager's Experience

Ashish Agrawal (Founding Partner) is a former senior executive at Peak XV Partners (formerly Sequoia Capital India) with deep visibility into evolving startup trends and emerging sectors across India. Ishaan Mittal (Founding Partner) brings extensive investment experience from his senior role at Peak XV Partners across consumer, fintech, and enterprise sectors. Tejeshwi Sharma (Founding Partner) was a senior partner at Peak XV Partners with strong founder relationships and investment thesis development experience. The team's combined Peak XV and Sequoia Capital India background brings significant institutional credibility to the new firm.