VC firm

Breathe Capital

Kingmaker Tier

Kingmaker Tier: 80 out of 100

Record updated 27 September 2026

About

Building India’s vibrant and sustainable early-stage investment platform

Thesis: Breathe Capital invests in early stage tech-centric companies based in India, right up from Formation Round to Series ASource (opens in a new tab)
Eligibility: 1 Geography. India 2 Founder Experience. Domain expertise driving a unique understanding of market asymmetry, high integrity and agency 3 Partner Quality. Quality shareholders/co-investors with demonstratable expertise in the sector or established tangible partnerships with corporates 4 Sector / Market. Agnostic with clearly verifiable TAM of $5 billion or more 5 Early Traction. Early indicators signalling adoption or substitution e.g., usage, engagement, retention, customer feedback 6 Scalable Unit Economics. High margin products with demonstrable potential to increase customer lifetime values and decrease customer acquisition costs 7 Velocity to Competitive Barriers. Clear strategy to corner market at speed with network effects, increasing high barriers to entry, technological and operational moats 8 Identifiable Exit Path. Path to IPO, M&A or Secondary Sale within 4-7 years of investment
Traction requirement: Early indicators signalling adoption or substitution e.g., usage, engagement, retention, customer feedback
Investing status notes: Breathe Capital invests in early stage tech-centric companies based in India, right up from Formation Round to Series A

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