TDV Partners is a venture capital firm established in 2021 and headquartered in Bengaluru, India. The firm was founded by Ujwal Sutaria, a former entrepreneur and angel investor. TDV Partners primarily focuses on early-stage investments, working closely with startup founders from ideation through to securing product-market fit. Over the years, TDV Partners has actively contributed to the tech startup ecosystem, particularly in emerging sectors like health technology, fintech, and software development. The firm has raised significant capital, including a notable $5.8 million fund launched in 2024.
July 2025: TDV Partners led a $500k pre-seed funding round for Flexprice, a company offering open-source billing solutions for AI and Agentic firms. The funds will support expansion of Flexprice’s engineering team and integrations for its product offerings.
July 2025: On July 17, 2025, TDV Partners invested $250k in Zulu Club, a hyperlocal quick-commerce fashion startup, assisting its expansion efforts within the Delhi NCR.
2024: TDV Partners successfully launched their second fund with a corpus of INR 50 crore (approximately $5.8 million USD) targeting to invest in 20-25 startups by 2026. This fund marks a significant increase compared to their first fund, leveraging investor interest from prominent figures across various global markets.
April 2025: The firm invested in Ivory, a healthcare technology company, marking it as part of their ongoing commitment to the healthtech industry.
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Bengaluru, India |
| Founders | Ujwal Sutaria |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Global unicorn founders, family offices, CXOs |
| Industry | Venture Capital |
| Number of Employees | Not publicly disclosed |
TDV Partners was established in 2021 by Ujwal Sutaria, who ventured into the domain of venture capital after gaining experience as an entrepreneur and angel investor. The impetus behind TDV Partners was to identify and support promising tech startups with global aspirations right from their formative stages. The firm started with an initial fund of approximately $3 million, which Ujwal used as a solo general partner to invest in pre-seed and seed stage ventures. Emphasizing a tailored approach, TDV Partners facilitated the brainstorming of ideas, helping startups achieve early traction and secure further rounds of funding.
TDV Partners operates with a clear objective of nurturing early-stage startups with the potential for exponential growth. The firm’s business model is centered around providing comprehensive support to startups through various stages, from conception to market expansion.
Currently, TDV Partners is actively investing in diverse sectors such as fintech, SaaS, healthtech, and consumer technology. The firm has emphasized its dedication to the Indian market, leveraging India's growing potential to foster the next tranche of globally recognized tech companies. With a philosophy of long-term partnership, TDV Partners works closely with its portfolio companies, offering not just financial backing but strategic counsel rooted in extensive industry insights.
TDV Partners stands as a significant and dynamic force within the venture capital ecosystem, marking its presence predominantly in the Indian tech industry. With a robust model of supporting startups from early stages, the firm has crafted a portfolio that showcases successful exits and impressive returns. As they continue expanding their investment horizon, TDV Partners is poised to play a pivotal role in identifying and nurturing startups with the potential to transform into industry leaders, contributing to the significant growth of emerging markets.