# Whiteboard Capital

Whiteboard Capital is a Private Equity based in Mumbai, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** whiteboardcap.com
- **LinkedIn:** https://www.linkedin.com/company/whiteboard-capital

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- FinTech
- Enterprise Software
- AI/ML
- Digital Health
- PropTech
- Mobility & Transportation

## People

- 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

## 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.

## Related profiles

- [White and Blue Capital](https://altss.com/profile/white-and-blue-capital)
- [Whiteboard Venture Partners](https://altss.com/profile/whiteboard-venture-partners)

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Last updated: 2026-08-11T15:08:32.892Z

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