# IDFC SPICE Fund

> IDFC SPICE Fund is a VC fund in Mumbai backing FinTech and Banking. See 2 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 2
- Last investment: Apr 2016
- Lead investor: 50%
- Last updated: Aug 2026
- X (Twitter): https://www.twitter.com/idfcmf
- Website: https://idfcmf.com/
- Facebook: https://www.facebook.com/idfcamc

IDFC SPICE Fund is a domestic venture capital fund registered with SEBI under the SEBI (Venture Capital Funds) Regulations, 1996 as an irrevocable determinant trust. IDFC IA is recognized by SEBI to act as Investment Manager to IDFC SPICE Fund. It is customized to suit the needs of the non-institutional investor with focus on early stage, latestage, Pre-IPO, listed market growth opportunities. The objective of the Fund is to invest in the growth drivers of the Indian economy, ie Infrastructure and Consumption.It was launched in the domestic market on July 22, 2011 and the final closing was done on April, 20 2012. The fund has mobilized 386 crs. across 1290 investors.Source:

## Contacts

5 contacts available for IDFC SPICE Fund. Shizune tracks 1 team members at IDFC SPICE Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/idfc-spice-fund?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 100% |
| Banking | 1 | 50% |
| Finance | 1 | 50% |
| Internet | 1 | 50% |
| Payments | 1 | 50% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 1 | 50% |
| Funding Round | 1 | 50% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Vishal Kapoor | CEO | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| TranServ | TranServ is a digital payments company serving a variety of organizations and individuals to make payments processes easy and safe. Its consumer-facing payment solutions include an e-wallet that provides a platform of choice for peer-to-peer transfers. With its social multipurpose wallet, Udio, the company offers a platform to send and requestmoney and gifts with added features such as bill splits, group payments, social gifting, recharging, and other utility bill payment facilities. | $15M | Series C | Apr 26, 2016 |  |
| RBL Bank | RBL Bank is a private-sector bank that offers personal, preferred, business, and wholesale banking services. It is continuously expanding its presence across India through a growing network of branches and ATMs.Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on anaggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high-quality capital, and geographic expansion. Over the last two years, it has infused capital of over र 1,100 Crore from some of the most notable global and domestic names, taking the TIER 1 capital to र 1,600 Crore (approx.)Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking, and Financial Markets. The bank currently services over 5 Lakh customers and has a total business size of over Rs. 14,500 Crore. | $38.1M |  | Apr 11, 2013 |  |

2 of 2 investments shown.

## Co-investors
- [Faering Capital](https://shizune.co/investors/profile/faering-capital) — VC Fund, 2 deals together
- Aditya Birla Private Equity — VC Fund, 1 deal together
- [Ascent Capital](https://shizune.co/investors/profile/ascent-capital) — VC Fund, 1 deal together
- Emerging India — VC Fund, 1 deal together
- [International Finance Corporation](https://shizune.co/investors/profile/international-finance-corporation) — VC Fund, 1 deal together
- [Micromax Informatics](https://shizune.co/investors/profile/micromax-informatics) — VC Fund, 1 deal together

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- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does IDFC SPICE Fund invest in?

IDFC SPICE Fund invests primarily in FinTech, Banking and Finance startups, most often at Series C and Funding Round stage. Most of the 2 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact IDFC SPICE Fund?

Public channels for IDFC SPICE Fund include X (Twitter), the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at IDFC SPICE Fund?

The team at IDFC SPICE Fund includes Vishal Kapoor (CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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