Rainmaker Ventures

Atul Hegde and Dhaval Mehta lead the firm's investment activities from Mumbai. Their backgrounds combine operating experience in Indian digital businesses and venture investing across multiple cycles. Day-to-day deal sourcing and portfolio management responsibilities rest with this core team, though the full organizational structure and any investment committee composition remain private.

Rainmaker regularly co-invests alongside other venture capital firms, particularly in rounds where a lead institutional investor sets terms. The firm does not require board seats or lead-investor control and has historically joined syndicates organized by domestic funds. No conflict-of-interest disclosures or exclusivity arrangements are publicly documented.