March Capital
Santa Monica growth VC with a long record in Indian tech
March Capital took part in 2 disclosed rounds in Indian startups in 2026 (1 as lead), most often Growth rounds in AI & Deep Tech; its latest was Uniphore on 11 August 2026.
About March Capital
March Capital is a US venture firm based in Santa Monica. Its first fund closed at $240 million in 2016 and it has said it wants to keep backing Indian startups. It co-led a $145 million CarTrade round in 2019 and was an investor in BillDesk, which was sold in 2021.
Investment thesis
- Growth-stage bets in software, network infrastructure and payments
- India is one of its stated focus markets
Stages
Sectors
Deals in 2026
| Date | Company | Round | Amount | Role | Co-investors | Story |
|---|---|---|---|---|---|---|
| 11 August 2026 | UN Uniphore | late | $100M | Lead | Sapphire Ventures, Nvidia (India startup investments), ServiceNow | Story |
| 6 July 2026 | SASuperOps.ai | Series B | $12.4 Mn | Participant | Addition, Z47, Elevation Capital | Story |
Stage and sector mix
Disclosed rounds March Capital took part in, by stage and by sector.
| Stage | 2026 | 2025 |
|---|---|---|
| Series B | 1 | 0 |
| Growth | 1 | 0 |
| Sector | 2026 | 2025 |
|---|---|---|
| AI & Deep Tech | 1 | 0 |
| Enterprise Software & IT | 1 | 0 |
Frequent co-investors
| Investor | Rounds together |
|---|---|
| Addition | 1 |
| Elevation Capital | 1 |
| Z47 | 1 |
| Nvidia (India startup investments) | 1 |
| Sapphire Ventures | 1 |
| ServiceNow | 1 |
Exits and IPOs in the portfolio
| Company | Event | Latest story | Date |
|---|---|---|---|
| BIBillDesk | Acquisition / merger | BillDesk to acquire Worldline India's payment businesses | 25 February 2026 |
| CTCarTrade Tech | Acquisition / merger | CarTrade and CarDekho call off acquisition talks | 27 November 2025 |
Best bets in India
Indian portfolio
- BIBillDeskFintech · in at GrowthAcquiredAcquired in 2021
- CTCarTrade TechCommerce · in at Growth · 2019ListedCo-led $145M round with Temasek; IPO 2021
- SASuperOps.aiEnterprise Software & IT · in at Series B · 2026
- UNUniphoreAI & Deep Tech · in at Growth · 2026 · Led
India-based companies only. Linked names have a StopDown page; the rest link up on their own as soon as we cover them.
March Capital in the news
- UNUniphore · Funding · 11 August 2026 · $100MUniphore raises $100 million in fundingUniphore builds a conversational AI platform for customer service automation
- SASuperOps.ai · Funding · 6 July 2026 · $12.4 MnSuperOps.ai raises $12.4 Mn in Series B funding led by Addition and March CapitalSuperOps.ai is an AI-powered IT hardware management platform that simplifies the IT management process for managed service providers (MSPs) on a single,…
Read next: companies in the portfolio
Questions about March Capital
How many investments did March Capital make in India in 2026?
StopDown has recorded 2 disclosed rounds in Indian startups with March Capital in 2026 so far, 1 of them as lead. The latest was Uniphore on 11 August 2026 ($100M).
Which sectors does March Capital invest in?
In the 2025 and 2026 rounds StopDown recorded, March Capital invested most often in AI & Deep Tech (1 round) and Enterprise Software & IT (1 round). Its stated focus: Fintech and Commerce.
Does March Capital lead rounds?
Yes. StopDown's records name March Capital as lead or co-lead in 1 of the 2 rounds it took part in during 2025 and 2026, 1 of them in 2026.
Sources: inc42.com · techcrunch.com · business-standard.com · checked 2026-10-18