OUR portfolio shaping India’s growth story

THE ERAYA WAY

Our portfolio reflects a research-intensive, principle-driven approach across Listed Equity, Unlisted Equity, Fixed Income, and Alternative Assets. Deeply committed to supporting entrepreneurs, we understand the realities of building forward-looking businesses in a dynamic environment. Our investment decisions are guided by business strength, entrepreneurial vision, sound governance, and innovation.

At Eraya, we call ourselves patient investors—offering not just capital, but perspective, partnership, and a long-term commitment to shared growth.

We Focus On

Quality of the Business Sector

We invest in industries with sound fundamentals, enduring relevance, and the capacity to evolve in shifting markets.

Vision of the Entrepreneur

We seek out visionary founders with integrity, resilience, and a track record of execution, recognising that great leadership is the cornerstone of any successful venture.

Corporate Governance & Risk Management

We prioritise businesses that demonstrate transparency, strong governance, and a long-term approach to risk and responsibility.

IMG_0902

PORTFOLIO CONSTRUCT

Listed Equity

Our listed equity strategy is rooted in long-term partnerships, embracing a philosophy of permanent ownership, even as minority shareholders. We leverage our expertise to identify businesses with exceptional models, strong fundamentals, and enduring potential — and back them with the patience and perspective needed to realise value over time.

UNListed Equity

Our approach to unlisted equity goes beyond capital — we build enduring relationships with the companies we back, offering strategic mentorship, domain expertise, and access to a wide-reaching network. We understand that scaling a business requires more than funding; it calls for unbiased guidance, the right connections, and unlocking opportunities to scale. Through a research-driven lens and a spirit of true partnership, we support businesses with what they need, when they need it. This is our definition of patient capital.

Fixed income

Our fixed income strategy centres on capital preservation, stable performance, and disciplined risk management. As a counterbalance within our portfolio, this allocation is shaped by long-term thinking and a focus on resilience across economic cycles.

ALTERNATIVE INVESTMENT

Beyond traditional financial instruments, our approach to alternative investments is progressive and dynamic. We are drawn to tangible value, enduring assets, and categories that hold cultural and economic significance. These investments align with our broader philosophy of preserving wealth, engaging with legacy, and adapting thoughtfully to an ever-evolving landscape.

Invested Companies

3-e1742890246519-300x240
4-e1742890223106-300x240
5
3
4
1
8
10
9
7
6
2

PARTNER FEEDBACK

"Partnerships built on trust and shared values create magic. With Eraya Capital, we found more than investors – we found believers, in our dream. Their support has allowed us to stay rooted in purpose while scaling with ambition, and together we are building a kinder world for pets and their families."
Rashi Narang
Rashi NarangFounder, Heads Up For Tails
"Eraya Capital backed us, repeatedly, at a time when specialty coffee in India was still considered very niche. Their conviction in our vision and their steady support gave us the confidence to experiment, scale and build Blue Tokai into the brand it is today."
Matt Chitharanjan
Matt ChitharanjanFounder, Blue Tokai
"What sets Eraya apart is their rare blend of vision, conviction, and the courage to lean in when it matters the most. They’re not investors who flinch when things get hard; they’re investors who double down. Eraya’s got main character energy in a world full of NPCs and in a founder’s world, that makes them priceless."
Kabir Jeet Singh
Kabir Jeet SinghFounder, Burger Singh
"Apart from being one of the largest, Eraya Capital stands out as one of India's most institutionalized Family Offices. Their deep and nuanced understanding of what it takes to build in India, insights as LPs to 50+ funds along with a large direct investments portfolio and Founder first attitude has made them a valued partner in our journey at Grip Invest."
Nikhil Agarwal
Nikhil AgarwalFounder, Grip
"Eraya Capital has been a thoughtful and supporting partner in our journey. Their encouragement and belief in our vision has carried significance far beyond investment. Having them alongside us has been a source of motivation and a reminder that true partnership is about conviction and shared purpose. We value their presence as we continue striving to create a lasting impact."
Taran and Amar Chhabra
Taran and Amar ChhabraFounders, Neeman's
"As a founder, I truly appreciate Eraya Capital’s deep roots in the Thapar family legacy and their long-term vision as patient capital investors. Their support goes beyond funding; it’s a genuine partnership focused on sustainable growth."
Simran Khara
Simran KharaFounder, Koparo
“Sauce is lucky to have the Eraya Capital team as a long term partner in consumer investing. Over the multiple direct investment and fund relationships we enjoy with them, we and our founders have benefited immensely from their perspective and support. I consider them one of the most nuanced and patient private investors in India.”
Manu Chandra
Manu ChandraManaging Partner, Sauce Fund
"Eraya Capital’s proactive approach and rigorous analysis and diligence reflect their strong investment acumen. We value them as a trusted LP partner in our Fund."
Ganapathy Subramaniam
Ganapathy SubramaniamManaging Partner, Yali Capital Fund
“It has been an absolute pleasure for us to partner with Eraya Capital over the past few years. Their long-term vision blends perfectly with our quasi-private equity approach to investing in the listed space. Their sharp and experienced investment teams have great insights in macro as well as companies and we have benefited by our dialogue and brainstorming our ideas with them and feedback they have provided. Our relationship will continue to flourish based on mutual trust and transparent and free exchange of ideas.”
Jyotivardhan Jaipuria
Jyotivardhan JaipuriaManaging Director, Valentis Advisors
"It has been a pleasure working with the Eraya team. Their patient and long-term approach to investing has made it a truly positive experience."
Amit Mantri
Amit MantriManaging Director, 2point2 Capital
"Rare investors who truly understand how funds work — supporting and encouraging not just the fund managers but also the portfolio companies. Their feedback is honest, their appreciation genuine, and their belief unwavering. We’re delighted to have them backing us."
Richa Bajpai
Richa BajpaiManaging Partner, Campus Fund