Bengaluru-based venture fund Rainmatter, backed by Zerodha and Nithin Kamath, plans to accelerate its investments in fintech, climate, health, and storytelling startups in 2025.

Rainmatter is aiming to deploy a significant portion of its ₹1,000 crore allocation. In 2024, the fund deployed ₹250 crore across 40 startups, achieving just 25% of its total commitment, said Dinesh Pai, head of investment, at Rainmatter in a post on X.

“This year, in 2025, we want to speak to more founders in Fintech, Climate, Health, and Storytelling and allocate more capital to ideas that will help India and Indians,” said Pai.

Pai noted that there is ‘much more to do in fintech’ on enchancing awarenes and education, fostering investing habits and building good financial habits.

The fund also aims to explore India-specific solutions to environmental challenges such as waste management, recycling, and renewable energy. “Climate solutions are inherently long-term and need patient capital. We are ready to provide that support,” he added.

Pai also highlighted commitment to founders, offering not only capital but access to a robust ecosystem of startup peers.

“The one thing we are proud of today is having the brightest minds from the startup ecosystem in our portfolio,” he said. Incoming founders are seamlessly connected to this ecosystem, enabling cross-pollination of ideas and strategies. “We are also considering ways to enable learning to be shared among all of our startups so that experiments that our startups run can benefit the entire ecosystem,” he added.

Recently, Rainmatter invested an undisclosed amount Super You-backed by Raveer Singh. In 2024, water recycling startup Boson Whitewater and nutrition-focused brand TruNativ have each secured ₹10 crore in equity funding from Zerodha-backed early-stage venture firm Rainmatter.

Rainmatter also participated in the recently closed $6.5-million funding round of space tech startup GalaxEye. The fund has so far pumped in ₹5 crore into this startup across the first and follow-up round.

Overall, the Bengaluru-based fund has invested in around 100 companies, including 31 fintech companies, 28 companies in climate tech, and 21 firms operating in the health and nutrition-focused sector.

Published on January 2, 2025