# NAFA Capital

> NAFA Capital is a VC fund in Mumbai backing E-Commerce, Mobile and Retail. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 5
- Last investment: Apr 2025
- Lead investor: 0%
- Last updated: Aug 2026
- Website: https://www.nafacapital.com/

NAFA Capital is an integrated financial services platform with activities in investment management and corporate advisory. NAFA Capital specialise in providing a variety of financial services, advisory services and asset management services across a broad array of asset classes under a single umbrella.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 2 | 40% |
| Mobile | 1 | 20% |
| Retail | 1 | 20% |
| FinTech | 1 | 20% |
| Lending | 1 | 20% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 80% |
| Venture - Series Unknown | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| JetSynthesys | JetSynthesys Pvt. Ltd. is part of the Navani family owned JetLine Group of Companies. JetSynthesys is the group's most innovative company in the promising Digital and Technology Business World with a vision to create world class digital products, platforms and services in India and play an active role in the digital daily life of 1.2 billionIndians extending that to all individuals on the planet through very powerful targeted big data analytics and unbeatable content and user experiences. |  | Venture - Series Unknown | Apr 16, 2025 |  |
| Native Milk | Native Milk produces milk without the influence of any growth hormones or additives. Their supply chain and reducing production costs through vertical integration. They sell ghee, paneer, curd, and milk-related sweets. | $397.3K | Seed | Feb 19, 2024 |  |
| Spice Story | Spice Story is a company that sells ethnic Indian flavours in different forms. |  | Seed | Mar 16, 2022 |  |
| Macmerise | Macmerise sells consumer products. Their products include fashion and apparel, t-shirts and oversized t-shirts, unisex t-shirts, hoodies, crop tops, sweatshirts, masks, keychains, mobile accessories, phone cases and coversard cases, sticky pads, selfie lenses, phone holders, electronic accessories, apple watch bands, airpod cases, airpod pro cases,uv sanitizers, mouse pads, laptop skins, laptop decals, full body wraps, stickers, and printed laptop sleeves. The startup allows brands, celebrities, and influencers to develop their own line of stuff with amazing technology and awesome products. | $1M | Seed | Mar 02, 2022 |  |
| Fundfina | Fundfina is transforming credit access for MSMEs through AI-driven embedded financing infrastructure. Through our AI-driven credit decisioning engine, (TrueScore & CreditGPT), embedded cash-flow financing (terms-loan, credit line, invoice financing, pay later checkout) with multi-sector anchors, multiple lenders and regulated lending inmultiple geographies (India & Qatar), we are have served over 1.5million merchants. | $1.3M | Seed | Feb 18, 2022 |  |

5 of 5 investments shown.

## Co-investors
- [100Unicorns](https://shizune.co/investors/profile/9unicorns) — VC Fund, 1 deal together
- [Agility Ventures](https://shizune.co/investors/profile/agility-venture-partners) — VC Fund, 1 deal together
- Ajmera Group — VC Fund, 1 deal together
- [Krafton](https://shizune.co/investors/profile/bluehole) — VC Fund, 1 deal together
- [IIMA Ventures](https://shizune.co/investors/profile/ciie-iim-ahmedabad) — VC Fund, 1 deal together
- [HEM ANGELS](https://shizune.co/investors/profile/hem-angels) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does NAFA Capital invest in?

NAFA Capital invests primarily in E-Commerce, Mobile and Retail startups, most often at Seed and Venture - Series Unknown stage. Most of the 5 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did NAFA Capital last invest?

The most recent investment recorded for NAFA Capital closed in Apr 2025. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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