Priya Krishnamurthy is the General Partner and co-founder of IndoVentures Fund, a Singapore-registered growth equity fund focused on B2B SaaS, fintech, and EdTech businesses across India and Southeast Asia. Born in Bangalore, she completed her undergraduate degree in Computer Science at IIT Bombay and an MBA at INSEAD’s Singapore campus before entering the technology industry.
She spent a decade in product leadership roles at two of Asia’s most consequential technology companies — Flipkart, where she built and scaled the seller intelligence platform serving 400,000+ marketplace vendors, and GoJek, where she led product for the payments super-app across five Southeast Asian markets. Those roles gave her a level of operational depth in technology scaling that most investors in the region simply do not possess.
She founded IndoVentures in 2018 with her co-founder Rajeev Menon, closing Fund I at $62 million with capital from Temasek, IFC, and several Southeast Asian family offices. The fund has deployed into 14 companies across India, Indonesia, Vietnam, and the Philippines, with two significant exits already delivered. Fund II, currently in market, targets $120 million.
Priya sits on the boards of four portfolio companies, is a regular speaker at Singapore FinTech Festival, TechSauce Bangkok, and YourStory, and serves on the advisory board of NUS Enterprise. She is widely regarded as one of the most technically rigorous and founder-friendly investors in the India-SEA technology corridor.
“I invest in founders who have been in the engine room — who understand that building technology at scale is a different problem than building technology at all.”
— Priya KrishnamurthyBTech, Computer Science — IIT Bombay, 2003
MBA (Finance & Strategy) — INSEAD Singapore, 2007
CFA Charterholder — CFA Institute, 2012
Founded with Rajeev Menon. Fund I ($62M) deployed into 14 companies across 9 countries with two exits. Fund II ($120M target) currently in market, backed by a broadened LP base including a major sovereign wealth fund.
Led product for the GoJek super-app payments layer across five Southeast Asian markets. Scaled GoPay to 25M+ active users and oversaw product integrations with 14 banking and financial services partners.
Built and scaled the data intelligence platform serving 400,000+ marketplace sellers. Responsible for pricing tools, demand forecasting, and fulfilment optimisation that collectively generated $200M+ in incremental GMV annually.
Joined Oracle directly from INSEAD. Managed ERP product localisation for Indian SME markets and contributed to Oracle’s India-specific regulatory compliance suite used by over 3,000 enterprise clients.
Notable investments made through IndoVentures Fund I and II across the India-SEA technology corridor.
| Company | Year | Country | Sector | Stage | Status |
|---|---|---|---|---|---|
| Kredivo | 2019 | Indonesia | Fintech / BNPL | Series A | Exited 2022 — 12x |
| ClassPlus | 2020 | India | EdTech / SaaS | Series B | Active — $40M ARR |
| Vouch | 2021 | Singapore | InsurTech / API | Series A | Active |
| Lenskart | 2018 | India | Retail / Consumer Tech | Growth Equity | Exited 2021 — 8x |
| ZingHR | 2020 | India | HR Tech / SaaS | Series A | Active — $18M ARR |
| Stashfin | 2021 | India | Consumer Lending | Series B | Active |
| Momo Payments | 2022 | Vietnam | Fintech / Mobile Payments | Series B | Active |
| Eruditus | 2022 | India / Singapore | EdTech / Executive | Growth Equity | Active |
BNPL and digital credit platform for Southeast Asia. IndoVentures led the Series A at $40M valuation. Grew to a $2B+ company before a successful exit at a 12x return on invested capital.
SaaS platform enabling coaching institutes and independent tutors to digitise and scale operations. 125,000+ educators onboarded. One of India’s fastest-growing edtech infrastructure plays.
Cloud HR and workforce management platform for mid-market Indian enterprises. 1,000+ corporate clients across manufacturing, IT services, and healthcare. Strong net revenue retention above 120%.
Technology-first eyewear brand with 1,000+ stores across India. Priya led an early growth-stage cheque when the omnichannel model was proving out. Exited at 8x in 2021.
Embedded business insurance API for SME platforms and fintech super-apps across Southeast Asia. Processing policies for 50,000+ SMEs through 8 platform integrations.
Vietnam’s leading mobile payment platform with 40M+ registered users. IndoVentures led a Series B co-investment alongside an international payments company to fund regional expansion.
Having personally scaled products, Priya looks for the qualitative signals of true product-market fit — not just traction metrics, but the founding team’s understanding of why those metrics are moving.
B2B SaaS compounds more predictably than consumer. High switching costs, long contracts, and low churn create durable businesses even in volatile macro environments. This is where IndoVentures concentrates.
The best plays are Indian companies with proven models that adapt for Indonesia, Vietnam, or Philippines. Two giant markets with complementary timing and structural similarities that most Western investors still overlook.
A founder who has failed once and come back is worth a meaningful valuation premium. The lessons from failure are among the most defensible moats in early-stage investing and cannot be taught by an accelerator.
With a product and engineering background, Priya conducts technical diligence that most investors outsource. Understanding the architecture of a platform reveals its scalability ceiling far better than financials alone.
Priya takes a maximum of six board seats per fund cycle. Active involvement in hiring, product roadmap, and follow-on fundraising is non-negotiable — not because founders need it, but because it creates better outcomes.
Annual keynote on the convergence of B2B SaaS and financial services in Southeast Asia. Her 2022 talk on “infrastructure-first fintech” was viewed over 80,000 times on the SFF YouTube channel.
Annual panellist on cross-border investment between India and Southeast Asia. Widely cited for her “product parity, not product copy” framework for adapting Indian software products for SEA markets.
Long-form essay published in Rest of World and YourStory. Laid out the structural case for why Indian B2B companies are uniquely positioned to expand into Southeast Asia in the 2020s.
Advises the National University of Singapore’s enterprise and commercialisation arm on deep tech spin-out strategy, investor readiness, and the Singapore-India startup corridor.
Regular commentary on Asian technology investment trends, Southeast Asian fintech, and the macroeconomic conditions shaping the India and SEA startup ecosystems.
Bi-weekly podcast featuring conversations with founder-turned-investors and operators who have crossed into venture capital. 120,000+ subscribers across Spotify and Apple Podcasts.
Recognised for consistent exits, fund performance, and her role in building the India-SEA technology investment thesis within the broader Asian VC community.
Awarded following the successful close of Fund II and the delivery of two significant exits from Fund I within five years of first close.
Selected for outstanding contribution to the development of Southeast Asian technology ecosystems through capital deployment and operational mentorship.
Recognised for the rigour of IndoVentures’ investment process and transparent investor communications, which the CFA Institute cited as a model for emerging market fund managers.
All introductions are managed through Shark Tank Group. Submit a funding application and our advisory team will assess India-SEA market fit before making a formal introduction to IndoVentures.
asia@sharktankgroup.com
+65 6555-0103
indoventures.vc
@priyakrishnamurthy (LinkedIn · X)