Private Equity

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Lykke Capital

Swarandeep Singh Kambo's private syndicate, Lykke Capital, operates under Angel List Angel Fund, a SEBI-Registered Angel Fund. The syndicate invests $80k-$150k...

Lykke Capital

Swarandeep Singh Kambo's private syndicate, Lykke Capital, operates under Angel List Angel Fund, a SEBI-Registered Angel Fund. The syndicate invests $80k-$150k in startups. Lykke Capital has made three investments, including a Seed VC investment in Nected on July 31, 2024.

General information

Firm type

Private Equity

Year founded

2021

Location

Region

Asia

Country

India

City

New Delhi

Corporate office

New Delhi, India

Frequently asked questions

What investment stages does Lykke Capital target?

Lykke Capital focuses exclusively on early-stage investments, specifically seed and startup rounds. The firm does not publicly signal any activity in growth equity, buyouts, or later-stage venture capital. This narrow stage mandate suggests a high-risk, high-illiquidity portfolio construction approach that depends heavily on founder selection and early operational engagement.

Why does Lykke Capital have no public website or disclosed portfolio?

The firm has chosen to operate without a corporate website, LinkedIn presence, or public portfolio disclosures. This level of opacity is unusual for venture investors in India and implies that Lykke Capital sources deals entirely through closed, relationship-based networks rather than inbound marketing channels. The firm has not publicly explained this strategic choice.

Is Lykke Capital a family office or an institutional fund manager?

Lykke Capital is classified as a private equity asset manager rather than a single-family office, based on its stated structure. However, the absence of disclosed limited partners, fund sizes, or institutional LP relationships leaves open the possibility that the firm manages proprietary or quasi-family capital. The firm has not publicly clarified its capital base.

Where does Lykke Capital primarily invest geographically?

Lykke Capital is headquartered in New Delhi, India, and its investment activity is concentrated in the domestic Indian market, with a likely emphasis on the National Capital Region's startup ecosystem. The firm has not disclosed any investments outside India or in international co-investment structures.

Does Lykke Capital participate in fund commitments or only direct deals?

Based on its stated strategy as an early-stage private equity firm, Lykke Capital appears to invest only through direct equity positions in seed and startup-stage companies. There is no public indication that the firm makes fund-of-funds commitments, participates in club deals, or operates as a limited partner in third-party venture funds.

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