Capital 2B Research
Investment Thesis
Capital 2B is a science-and-technology venture fund that backs deep-tech and IP-led startups "when the world still calls them too early." The firm's own positioning is explicit: "We don't chase hype. We chase inevitability." The fund invests behind founders with original technical or scientific insight tackling problems that matter, at the point where science becomes engineering — computation reshaping the physical world, biology becoming programmable, and new materials unlocking new capabilities. Capital 2B was co-founded in 2022 by Vibhore Sharma and Amit Behl and operates as part of the Info Edge group's venture ecosystem (compliance and regulatory contacts route through infoedge.com), alongside sister vehicles Info Edge Ventures and newer funds such as B8 Fund I.
Stage Focus
Capital 2B invests from pre-seed through Series A, frequently acting as the first institutional partner into a company. Portfolio evidence (Leumas pre-seed in 2023, HyperNorm AI seed in 2026, Supermoney Series A in 2024) confirms activity spanning all three stages, with a clear seed-stage center of gravity.
Check Size
The firm states first cheques of $200K-$3M on its own site, consistent with a fund of roughly $75M raised at launch in 2022. Reserves are used for follow-on into portfolio companies as they scale (e.g., continued participation in Matter Motor Works' later growth rounds).
Lead Tendency
Capital 2B both leads and co-leads rounds. It led Leumas's 2023 pre-seed round outright, and co-led HyperNorm AI's 2026 seed round alongside SenseAI Ventures. It has also participated as a existing/follow-on investor in later growth rounds (Matter Motor Works' 2026 $25M growth round).
Recent Activity
The fund remains actively deploying. Recent disclosed activity includes: the $2.2M HyperNorm AI seed co-lead (June 2026), continued follow-on into Matter Motor Works' $25M growth round (August 2026), and earlier rounds into Supermoney (Series A, June 2024) and Leumas (pre-seed, May 2023). Info Edge's public disclosure in June 2026 noted that its AI/deeptech investment arms — including Capital 2B — have collectively deployed over Rs 1,000 crore (~$120M) across 54 AI and deeptech startups since 2020.
Portfolio Highlights
Capital 2B's public portfolio spans 18 companies across deep-tech verticals: Matter (vertically integrated e-bikes/EVs and energy solutions), Ahammune Biosciences and Avammune Therapeutics (novel therapeutics), Leumas (on-demand/modular manufacturing), Marbles Health (mental-health headset and digital therapy app), Hypernorm (AI decision intelligence for wealth advisors), Dview (data ingestion platform), Pantherun (secure Ethernet communication IP), Ringg AI (enterprise voice OS), Manastu Space (green propulsion and debris-avoidance systems), Beatoven.ai (generative AI music for creators), Blubirch (retail returns management), Finarkein (open digital ecosystem infrastructure), Botsync (autonomous robots/factory automation), Knowl (AI-native BFSI call center), Metamorphosys (GenAI insurer workflow platform), Supermoney (supply-chain channel financing), and Castler (digital escrow platform). No public exits have been identified to date.
Team
- Amit Behl, Partner — leads Capital 2B alongside co-founding; also listed on the Info Edge Ventures investment team; Delhi-based with two-plus decades of early/mid-stage tech investing experience.
- Vibhore Sharma, Partner — co-founded Capital 2B in 2022.
- Abhay Sahoo, Ishaan Bhattacharya, Saanidhya, Shaurya Mann, Harini Murali, Akriti Gupta, Shaurya Sighadia — Investments team.
- Sidharth Mehndroo, Senior Legal Counsel — legal function for the fund.
- Chetan Ruwatia, Senior Associate, Finance — finance function for the fund.
Decision Process
A partnership structure with two named Partners (Behl and Sharma) supported by a multi-person investments team, consistent with a partnership decision process rather than a solo-GP or formal IC model.
Founder Preferences
The firm explicitly seeks founders with "original insight" tackling deep-tech and IP-led problems others consider too early — favoring scientific/technical founders building new ecosystems rather than incremental products.
Geographic Focus
Capital 2B invests exclusively in India-headquartered startups (Ahmedabad, Bengaluru, and other Indian hubs represented across the portfolio); no non-Indian portfolio companies were identified.
Fund Structure
Capital 2B is registered with SEBI as a Category II Alternative Investment Fund (AIF Scheme: Capital 2B Fund I, SEBI Registration Number IN/AIF2/22-23/1051), with Smartweb Internet Services Limited as the named Fund Manager and Nitin Gupta as Compliance Officer.