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True North

Private Equity

True North is a Private Equity firm based in Mumbai, India.

Formerly India Value Fund Advisors, True North is India's most prolific PE firm by portfolio count with 77 active companies and an India-only mandate.

Growth
Late Stage
Digital Health
Fintech
Headquarters
Mumbai, India
Founded
1999
Website
truenorth.in
AUM
$4.0B
Portfolio Companies
2
Total Investments
2
Last Investment
May 2025
Geographic Focus
India
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Investment Thesis

Mid-market PE and private credit across BFSI, consumer, and healthcare with 25-year India-only track record and 77 active portfolio companies.

It was founded in 1999. It has made 2 investments. Its portfolio includes Vistaar Financial Services and Zumutor. Focus areas include Digital Health and Fintech.

Portfolio2

Co-investors16

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16 co-investors across 16 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×14 · Corporate VC ×1 · Family Office ×1 · 5 shared rounds

Investment History

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True North on Indexed.vc
<a href="https://indexed.vc/investors/true-north"><img src="https://indexed.vc/api/badge/investor/true-north" alt="True North on Indexed.vc" width="260" height="76" /></a>