Warmup Ventures

Warmup Ventures focuses on the very beginning of a company's life — seed and start-up stage. It writes the earliest institutional cheque, often before significant revenue or product-market fit is established. The firm is structured to be the first outside capital into a founding team's vision.

All known investment activity points to India. The firm's Jaipur base signals a domestic mandate, with a likely geographic focus on Northern and Western India. There is no public record of the firm participating in cross-border rounds or maintaining offices outside India.

Sitting in Jaipur rather than Mumbai or Bangalore gives Warmup Ventures access to founder networks in Rajasthan, Gujarat, and the surrounding states that are less picked-over by the major metro-based venture funds. Its sourcing model is relationship-driven and relies on proximity to local incubators, angel networks, and university spinouts in tier-2 and tier-3 startup ecosystems.

The firm is structured as a private equity asset manager, which implies it manages pooled third-party capital. However, given the absence of public fund disclosures or regulatory filings, it is likely a hybrid — a small partnership where principals co-invest personal capital alongside external limited partners on a deal-by-deal basis.

Warmup Ventures positions itself as the first institutional cheque. Its capacity to participate in Series A or B rounds is not publicly documented. Early-stage firms with this profile typically reserve a portion of their capital for pro-rata follow-on in exceptional performers, but they do not lead later-stage rounds.