Equanimity Investments

Equanimity Investments is a Mumbai-based early-stage VC writing seed and Series A checks in the $1M to $5M range, focused on capital-efficient and scalable tech and health-tech models. The fund’s posture emphasizes commercial discipline and capital efficiency rather than capital-intensive moonshots, which translates into a preference for B2B software, marketplace, and services-tech businesses that can reach profitability without absorbing large pools of growth capital. Within healthcare, the firm engages with digital health and health IT software, with no explicit AI-native lens. The geographic focus is India with global commercial ambitions for the strongest portfolio companies. The right founder profile is a CEO running a tech-enabled healthcare or health IT business with strong unit economics, a clear path to capital-efficient growth, and a defensible commercial moat. The wrong fit is a research-stage biotech, a deep-science platform that requires patient capital, or a consumer brand that needs heavy marketing spend to build defensibility. The right entry path is through Mumbai founder networks, through alumni of B2B software and services companies that have scaled with disciplined capital, and through warm introductions from co-investors and from the Indian operator community. When pitching, lead with the unit economics, the path to profitability, the commercial defensibility, and the operating discipline of the team, then layer in the technology and AI narrative if relevant. Avoid leading with a US-style narrative pitch about market size and TAM; Equanimity responds better to commercial reality than to slide-deck rhetoric. Caveats: Equanimity is a relatively new and smaller fund, and the healthcare-specific operating expertise is generalist rather than deep, so founders should layer clinical-domain advisors and specialist co-investors onto the cap table. The fund’s capital-efficient posture also means founders pursuing capital-intensive models will find better fits with larger, more capital-flexible partners. Use Equanimity as a commercially disciplined early partner for a tech-enabled Indian healthcare business with strong unit economics and a credible path to profitability.