The hidden alliances between India’s VCs, uncovered

It’s no secret that VCs co-invest with peers all the time. But what may not be as apparent is the hidden alliances between these firms.

In other words, some firms often invest together, signifying a deeper relationship, while others tend to avoid each other.

To map this out, we’ve visualized an intricate web of relationships among India’s VCs by using deal data from the past two years.

We hope this chart will be useful to startup founders. Understanding which VCs move together as a pack could help with fundraising.

For a closer look, the table below identifies the top 20 VCs in terms of the number of co-investors they’ve had. It also shows the exact number of times they’ve worked with each firm.