About True North
True North is a private equity firm founded in 1999.听It is primarily based in Mumbai, India.听As of Jun 2025, True North is an active investor with a portfolio of 75 companies, comprising 65 funding rounds and 12 acquisitions.听In the last 12 months, it has participated in 4 funding rounds.听The firm primarily invests in companies based in India and United States.听Its portfolio is spread across a wide range of sectors from Financial Services to Healthcare.听Its latest investment was a $28M Series B round in Nivara Home Finance on Mar 13, 2025 which also saw participation from Baring Private Equity Partners and .听
Overall True North portfolio has seen 1 unicorn, 24 IPOs and 16 acquisitions including key companies like HDFC Bank, ICICI Lombard and Niva Bupa.听A lot of funds co-invest with True North, with names like Sameer Mehta sharing a substantial percentage of its portfolio.听
True North has a team of 56 people, including 27 partners.
Key Metrics
Founded Year
1999
Location
Mumbai, India
Portfolio Sectors
Financial Services, Healthcare听&补尘辫;听
Portfolio Locations
India, United States听&补尘辫;听
Acquisition Deals
Max Bupa, Digvijay Cement听&补尘辫;听
True North's Portfolio
True North has a portfolio of 75 companies. They have invested in a total of 65 companies. Their most recent investment was in Nivara Home Finance (Series B round) on Mar 13, 2025. They have acquired 12 companies. Their latest acquisition was of Max Bupa on Feb 26, 2019.Team profile of True North
True North has a team of 56 members听颈苍肠濒耻诲颈苍驳 27 Partners and 13 Principals聽located in India and United States. True North's team sits on the board of 6 companies.Here is a list of top team members in True North:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Mumbai | , Food Service and 1 more | ||
Partner | Mumbai | - | ||
Partner | Delhi | , | ||
Partner | Mumbai | Fincare Small Finance Bank, PB Fintech and 3 more | , | |
Partner | Bengaluru | - | , | |
Partner | Mumbai | Fincare Small Finance Bank, ACT and 1 more | , | |
Partner | Mumbai | - | ||
Partner | Mumbai | , | ||
Partner | Mumbai | - | , | |
Partner | Mumbai | - | - | |
Partner | Mumbai | - | , |
Co-investors of True North
Over the past 26 years, 241 investors have co-invested in True North's portfolio companies.
- Top Co-investors of True North:听241 investors entered a company along with True North. These include investors like Sameer Mehta (2 companies).
True North News
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VCCircle鈥�Jun 18, 2025鈥�True North
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VCCircle鈥�Jun 18, 2025鈥�True North
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StartupTalky鈥�Apr 02, 2025鈥�Beams Fintech Fund, Infinity Fincorp Solutions, FinTech Futures, and 4 others
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