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Nupur Garg

Founder, WINPE

Nupur Garg is a leading investor in private equity and venture capital and an expert advisor to large institutional investors. She is the founding team member of the Indian Limited Partner Association. She is the founder of Winpe (, a not-for-profit initiative to enhance gender diversity in the investing ecosystem.

Nupur serves as Chairperson of the board of Kids Clinic India Limited and an independent director on the boards of companies including Indigo Paints Limited, Kerala Infrastructure Fund Management Limited, and SIDBI, the Indian development finance institution. She is an independent member of the investment committee at the Fund of Funds managed by the National Investment and Infrastructure Fund (NIIF), the quasi sovereign wealth fund sponsored by the government of India, and an advisor to and a member of the investment committee for the Dutch Good Growth Fund (DGGF) investment funds mandate given by the Dutch government for investments in SMEs in frontier markets across 75 countries. She has served as an external expert on the investment committee for the INR 10,000 crore Fund of Fund for Start-ups for Investing in the Indian start-up ecosystem.

Nupur advises selecting fund managers on a confidential basis on matters related to institutionalization, best practices, and governance. She also mentors female entrepreneurs across various platforms. Nupur was listed in the BW VC World Most Influential Women 2022, Forbes W-Power list of Self Made Women 2020, among India’s top 100 Women Leaders in Finance (AIWMI 2019), awarded the Vedica Women’s Alliance’s Women Leader in D&I 2022, Women Empowerment Entrepreneur Award 2019- 20 and the Business Excellence and Innovative Best Practices - Academia Award 2019.

In her last and most recent full-time role, Nupur led the private equity and venture capital funds business in the region for IFC and is widely credited with establishing IFC’s brand and credibility as one of the most respected institutional investors in this space. Under her stewardship, the portfolio doubled in size and returns, moving from a negative IRR to delivering gains for the first time in its history. Nupur is a CA and an MBA from MIT Sloan School of Management, with executive education from Harvard Business School.

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