# WaterBridge Ventures

WaterBridge Ventures is a Venture Capital based in New Delhi, India.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** New Delhi, India
- **Region:** Asia
- **Address:** New Delhi, India
- **Founded:** 2016
- **Assets under management:** $100M - $300M (Altss estimate)
- **Website:** www.waterbridge.vc
- **LinkedIn:** https://www.linkedin.com/company/waterbridgeventures

## Regulatory record

- **Reports private funds:** No

## About

WaterBridge Ventures, founded by Manish Kheterpal, invests in pre-Series A to Series A startups with technology-driven business models across sectors. Their portfolio includes consumer-focused mobile apps in media and telecom, ed-tech, health-tech, and fin-tech. WaterBridge Ventures has made 101 investments, including a Series D investment in CityMall on September 01, 2025, and has facilitated 3 portfolio exits, with Doubtnut exiting on December 04, 2023.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- EdTech
- AgriTech & FoodTech
- Mobility & Transportation
- Media & Entertainment

## People

- Manish Kheterpal — Managing Partner
- Ravi Kheterpal — Managing Partner

## Questions

### Who runs investment decisions at WaterBridge Ventures?

Manish Kheterpal and Ravi Kheterpal share investment decision-making as Managing Partners. Manish leads deal sourcing and portfolio company support, drawing on his own startup founder experience, while Ravi oversees financial structuring and firm operations. Investment committee decisions are made collaboratively, with no external investment committee members disclosed.

### Does WaterBridge participate in fund commitments or only direct deals?

WaterBridge Ventures deploys exclusively through direct investments into early-stage technology companies, primarily at Seed and Series A stages. It does not operate a fund-of-funds program or allocate limited partner capital into other venture funds. Its model is built on primary equity positions with selective follow-on capital into growth rounds for portfolio companies.

### What investment stages does WaterBridge Ventures typically target?

WaterBridge focuses on early-stage venture — Seed and Series A — with a reserve strategy that allows it to follow on in subsequent growth rounds for its strongest performers. The firm's early-stage posture reflects its thesis that hands-on operator involvement can most materially shape outcomes at the formation stage of a company's trajectory.

### Which sectors does WaterBridge Ventures explicitly avoid?

WaterBridge has not publicly published a list of excluded sectors. Its disclosed portfolio weightings suggest the firm stays away from heavy infrastructure, biotech, and pharmaceutical plays, concentrating instead on software and technology-enabled businesses across enterprise, consumer, fintech, and mobility. Absence from deep-tech hardware and traditional manufacturing rounds is observable by portfolio pattern rather than official policy.

### How does WaterBridge Ventures' operator background influence its portfolio companies?

Manish Kheterpal's track record as a founder who navigated his own venture-backed journey to exit — before becoming an investor — defines WaterBridge's engagement model. Portfolio founders get access to a partner who has managed cap tables, hiring, and board dynamics from the CEO seat, which distinguishes WaterBridge's value proposition from peers staffed primarily by career investors.

### How is a WaterBridge Ventures fund typically structured?

WaterBridge raises blind-pool venture capital funds with standard 10-year structures. Its second fund, closed in 2022, was larger than its debut 2016 fund, though the firm has not publicly disclosed exact hard-cap figures. The managing partners commit alongside limited partners, maintaining alignment on carry and returns.

## Related profiles

- [Water Bear Ventures](https://altss.com/profile/water-bear-ventures)
- [Waterdrip Capital](https://altss.com/profile/waterdrip-capital)

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

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