About Montane Ventures

We're dedicated to supporting entrepreneurs who aspire to build world-changing businesses, have the strength to shoulder the responsibility, and who persist in the face of daunting odds.

Montane Ventures is an early-stage Venture Capital fund with operations in Mumbai, Bangalore and Washington DC.

We believe that India holds a unique market and position in the world. India is a global source of top engineering and technology talent, ready to create value domestically and fill the growing talent gap globally. Entrepreneurs are leveraging talent in global cities like Mumbai, Bangalore, and Delhi to develop and apply technology to extensive markets and critical problems. Overcoming falling and flat global productivity rates represents only one example of the core challenges that will shape the next several decades. We believe that technology and products developed by leveraging India will play a key role in that effort.

Our Venture Capital Approach

Build in India. Scale Globally.

India offers a proving ground capable of catalyzing innovative solutions under formidable constraints. As products and businesses develop, strong ties to the US and global markets make the country a unique launch pad for global export. As a fund and team, Montane Ventures is dedicated to supporting the entrepreneurs and innovators who are building world-class companies out of India.

At Montane we spend a tremendous amount of time evaluating teams. Entrepreneurs and founders scale businesses and investors join for the long ride. Montane looks for listeners and leaders who serve and inspire their teams and engage collaboratively with investors and advisors.

Besides the team, Montane looks for greenfield opportunities in spaces with no established market leader. We like barriers to entry and high switching costs. We prefer businesses that create annuity and generate recurring revenue and which are capital efficient. Finally, we look for teams that demonstrate the intent and capability to integrate data and analytics into their decision-making.

Venture Capital Team

A world class venture capital team to support the best founders of India.

Josh Bornstein

Josh Bornstein

Partner / Director

Josh Bornstein is a seasoned investor in India. As Co-Founder and Partner at Footprint Ventures Josh invested and served on the board of companies like Canvera, Enstage, and Hector Beverages.

Early in his career Josh spent time in Strategic Planning at Infosys and in the banking sector. He received his BA from Claremont McKenna College. Josh founded Montane Ventures in 2015.

Rajesh Rai

Rajesh Rai


Rajesh Rai has been a venture capital investor in the U.S. and India for over 16 years. He was CEO of India Innovation Fund, where he led investments, served on boards of category leading companies, and generated top tier returns through a full portfolio exit. He was also Co-Founder and Partner at New Markets Venture Partners (NMVP), a leading venture fund in Washington DC area where he worked across the cycle of fundraise, investments and exits. Rajesh has an MBA from the University of Maryland’s Smith School of Business and a BE from NIT Suratkal.

Peter DeYoung

Peter DeYoung

Investment Committee

Peter DeYoung is a member of the Investment Committee at Montane Ventures.

He is the CEO of Piramal Global Pharma, Piramal Enterprises Ltd., and a member of the Piramal Pharma Operating Board. Piramal Global Pharma is comprised of Piramal Pharma Solutions and Piramal Critical Care business units. In his current role, Peter is responsible for steering strategy and driving profitable growth of these businesses.

Prior to this, he has spearheaded several leadership mandates at the Piramal Group, including CEO, Piramal Critical Care and President, Life Sciences. Previously, Mr. DeYoung worked in various investing and consulting roles in healthcare in the USA, Europe and India. He joined McKinsey & Company in New York after graduating from Princeton, where he worked on a number of projects for pharmaceutical and medical device companies. He was then seconded by McKinsey to the World Economic Forum in Geneva, Switzerland as part of the Global HealthInitiative. Mr. DeYoung returned to McKinsey in New York and later in Mumbai, where he focused on the pharmaceutical and healthcare practice. Later, he joined the Blackstone Group’s Private Equity Division in Mumbai where he was part of the deal team for several significant transactions, across a wide spectrum of industry sectors in India. Mr.DeYoung holds a Master’s Degree in Business Administration from StanfordUniversity (Arjay Miller Scholar), California, USA and a Bachelor’s of ScienceDegree in Engineering from Princeton University, New Jersey, USA (summa cum laude).

Mitalee Mulpuru

Mitalee Mulpuru

Venture Advisor

Mitalee has been Manager, Equity, Debt and Syndication deals at IFCI, an Indian NBFC and Fintech ProductManager at Ibibo group and Abudhabi FinancialGroup. She has worked in software development for 7 years. Mitalee has a Masters in Telecom from University of Maryland and PGP from Indian School ofBusiness.

Paul Meinshausen

Paul Meinshausen

Tech advisor: AI/Data Analytics

Paul Meinshausen is an experienced data, product, and software executive. He co-founded and was Chief Data Officer at PaySense, a mobile fintech startup in Mumbai. Earlier Paul was Vice President of Data Science at and a Principal Data Scientist at Teradata.

Paul was a Data Science Fellow at the University of Chicago, and conducted research in the Department of Psychology at Harvard University.

Let's Talk

If you're an entrepreneur who would like to work with us, or an investor who would like to co-invest, we would love to hear from you.

Contact us

10th Floor, Piramal Tower
Mumbai, Maharashtra

© 2019 Montane Ventures Pvt Ltd