Cedar Hill Capital: A Mumbai Fund Backing Fintech Infrastructure
Cedar Hill Capital is a Mumbai-based venture capital fund founded by Sahil Anand, formerly known as Cedar-IBSi Capital, backing AI-first enterprise technology for financial services. The fund targets Rs 240 crore (about $30 million), writing initial checks of $500,000 to $1 million up to the series A stage. Confirmed portfolio companies include Cogniquest, an intelligent document processing company, and WonderLend Hubs, an incentive compensation software company.
Overview
Cedar Hill Capital is an early-stage venture fund based in Mumbai. Sahil Anand founded the firm, building on the legacies of Cedar Consulting and IBS Intelligence. The fund previously operated under the name Cedar-IBSi Capital. It backs founders building AI-first enterprise technology for financial services. The firm draws on more than 70 years of combined consulting and research experience. It specifically targets BankTech and B2B fintech opportunities.
Investment Focus and Stage
Cedar Hill Capital writes initial checks between $500,000 and $1 million. It primarily invests in startups up to the series A stage. The firm looks for companies with early customers and some revenue already in place. It reserves capital for follow-on investment in strong-performing portfolio companies. Enterprise SaaS and financial services technology sit at the center of its thesis.
Fund Size and Portfolio
Cedar Hill Capital targets a fund size of Rs 240 crore, about $30 million. The fund marked a first close with commitments between $6 million and $9 million. Cogniquest, an intelligent document processing company, counts among its investments. WonderLend Hubs, an incentive compensation software company, also sits within its portfolio. KSH Investments later joined as a limited partner backing the fund.
Leadership
Sahil Anand founded Cedar Hill Capital and leads the firm today. He built the fund on Cedar Consulting and IBS Intelligence's shared sector expertise. Anand's approach centers on ensuring capital actively empowers founders. The firm's team includes sixteen people, among them eight partners. Its reach extends across India, the United Arab Emirates, and other locations.