# IndEU Capital

IndEU Capital is a Private Equity based in New Delhi, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New Delhi, India
- **Region:** Asia
- **Address:** New Delhi, India
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** indeucapital.com
- **LinkedIn:** linkedin.com/company/indeu-capital

## Regulatory record

- **Reports private funds:** No

## About

IndEU Capital is a private equity firm focused on investments in the Indian Luxury and Premium BtoB and BtoC market. Its strategy is driven by the country's growing consumer base and evolving socio-economic landscape. The firm targets opportunities in this expanding market.

## Sectors

- Consumer
- Financial Services
- Healthcare Services

## People

- Aashish Agarwaal — Managing Partner
- Rahul Agarwal — Managing Partner

## Questions

### Who runs investment decisions at IndEU Capital?

Managing Partners Aashish Agarwaal and Rahul Agarwal jointly lead investment decisions. Both were associated with the firm's launch in 2010 and represent the primary decision-making layer in a compact partnership, typical of an emerging manager with a relationship-driven sourcing model.

### How does IndEU Capital source proprietary deal flow?

The firm was purpose-built on a Europe-India axis, differentiating itself from purely domestic Indian fund managers. Its network relies on European mid-cap corporate and family-enterprise relationships to surface Indian investment opportunities that do not always reach broad auction processes — a structural posture implied by the firm's name and historical transaction patterns.

### Does IndEU Capital participate in fund commitments or only direct deals?

IndEU Capital deploys capital through direct investments in portfolio companies. There is no public record of the firm operating as a fund-of-funds or making commitments to third-party general partners; its activity has been exclusively in direct mid-market buyout and structured minority transactions in India.

### What is IndEU Capital's known posture on co-investments alongside external GPs?

The firm has selectively co-invested alongside other financial sponsors and has demonstrated a willingness to bring European strategic co-investors into Indian deals. This aligns with its transcontinental identity, though such co-investments are structured on a deal-by-deal basis rather than through a formalized club vehicle.

## Related profiles

- [iif.vc](https://altss.com/profile/iifvc)
- [Indigo Partners](https://altss.com/profile/indigo-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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