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Whiteboard Capital
Whiteboard Capital's philosophy goes beyond merely providing capital. The firm invests its time, expertise, and resources in the ideas and teams it believes...
Whiteboard Capital
Whiteboard Capital's philosophy goes beyond merely providing capital. The firm invests its time, expertise, and resources in the ideas and teams it believes in. By fostering strong relationships and offering hands-on support, it aims to be a catalyst for growth and success.
General information
Firm type
Private Equity
Year founded
2018
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, India
Principals
Sandeep Tandon
Managing Partner
Anshu Prasher
Partner
Nitesh Vaghela
CFO
Subodh Jalori
Senior Associate
Shifani Jesani
Senior Associate
Bhanu Mitra Bulusu
Associate
Daksh Juneja
Associate
Janis D'souza
Community Marketing Manager
Janis D'Souza leads Marketing and Public Relations at Whiteboard Capital
Shifani Jesani focuses on startups in the Consumer space at Whiteboard
Anshu Prasher previously was a Principal at Saama Capital and worked at Innoven Capital
Sector focus
Frequently asked questions
How does Whiteboard Capital source proprietary deal flow?
Whiteboard's deal flow originates primarily from Tandon's personal network as the co-founder of FreeCharge, one of India's best-known consumer internet exits. He is a prominent angel investor in Mumbai startup circles and actively engages with founders on social media. The firm also sees inbound referrals from venture partners and co-investors such as Sequoia Capital India and Nexus Venture Partners.
Does Whiteboard participate in fund commitments or only direct deals?
Whiteboard Capital focuses exclusively on direct equity investments in early-stage companies. It does not operate as a fund-of-funds or participate in LP commitments to other venture funds.
What investment stages does Whiteboard Capital typically target?
Whiteboard targets pre-seed and seed stages, occasionally extending into Series A follow-ons. Initial cheque sizes generally range from $250,000 to $1.5 million. The firm often enters before revenue, acting as a first institutional backer for Indian technology startups.
Where does the underlying capital come from?
Sandeep Tandon's capital base originates from his 2015 sale of FreeCharge, the mobile payments platform he co-founded, to Snapdeal in a deal reported at approximately $400 million (per public reports, 2015). Whiteboard does not manage external LP capital.
What is Whiteboard Capital's known posture on co-investments alongside external GPs?
Whiteboard frequently co-invests alongside prominent Indian and global venture firms, including Sequoia Capital India, Ribbit Capital, and Nexus Venture Partners. The firm does not operate a formal co-investment program but is regularly welcomed into syndicates due to Tandon's operator background and early-stage focus.
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