Venture capital financing plays a significant role in fostering the start-up ecosystem. In India, the venture capital industry has been evolving continuously over the years. It has played a huge role in the promotion and development of entrepreneurial environment. However, the advent of covid-19 pandemic has disrupted not only the start-up ecosystem, but also the venture capital financing environment in India. This paper is an attempt to understand the transformations caused by covid-19 pandemic within the Indian venture capital industry. Using a cross-sectional descriptive research design, the focus of this paper has been to study the venture capital investment landscape and the major sectors receiving venture capital finance in India during the pandemic.