IIMA Ventures
AcceleratorAhmedabad · Pre-Seed–Seed · 66 people tracked
Investment thesis
IIMA Ventures backs fearless entrepreneurs building disruptive solutions at risky early stages when support is scarcest. The firm operates across three pillars: supporting innovation-first ventures from India for global markets, enabling digitally inclusive solutions for India's growing digital economy, and advancing climate-change entrepreneurs with transformative technologies. Services span physical infrastructure, training programs, workshops, diagnostics, bespoke coaching, and data-driven research tools to accelerate startup growth.
Source: firm website, verified Aug 6, 2026.
Team · 66 people
from the firm's website & public directoriesWhat they invest in
from 110 of 160 portfolio companiesFintech ×26SaaS ×24Consumer ×22AI & Machine Learning ×21E-commerce ×17AgTech ×15Hardware ×12Cleantech ×10
HQs:India×65United States×2Cyprus×1
Portfolio companies · 160 tracked
alumni founders can tell you what the program is really likeBy year:2026 · 22025 · 13 dated
Nabhdrishti Aerospace develops indigenous micro gas turbines, including its ND 400 (400 N) fuel-flexible engine, for use in aviation (UAVs, hybrid-electric flight, small planes and helicopters) and distributed power generation.
Deep TechEnergyHardwareBangalore, IN
Arjun Srivatsa(Chief Operating Officer)
WHE by Abira (Abira Creations Pvt Ltd) is an all-women organization that designs and handcrafts accessories from upcycled fabrics, reclaimed wood, recycled metals, and natural fibres.
Circular EconomyConsumerImpact & Social GoodPune, IN
Aggio provides cloud-based SaaS platforms for sales and market intelligence in the agriculture and animal health industries, including a commercial sales platform for ag companies and a diagnostics platform for labs, vaccine manufacturers, and producers.
AgTechSaaSSales Tech
Co-investorsCultivation Capital
Agnikul builds low-cost orbital launch vehicles powered by single-piece 3D-printed semi-cryogenic engines, offering dedicated small-payload launches from a mobile launchpad.
Deep TechHardwareSpace Tech
Co-investorsCelesta CapitalDholakia VenturesFundamental VCGlobevestorLVX Venturespi Ventures+1 more
Agrictools is an online marketplace for farm machinery spare parts and accessories, connecting farmers and dealers with verified OEM/OES manufacturers across India.
AgTechE-commerceMarketplaces
Agrograde builds AI-powered optical grading and sorting machines for fresh produce packhouses, using computer vision to detect quality defects and standardise grading at commercial line speeds.
AgTechAI & Machine LearningRoboticsPune, IN
Amounee sells apparel, providing a size chart with chest, waist, hip, and length measurements to help customers choose the correct fit.
ConsumerE-commerce
Amply is a store operations platform that moves daily retail workflows from paper and spreadsheets into a single app, offering task checklists, scheduled SOPs, digital store visit audits, a communication feed, and AI-powered image verification for visual merchandising.
AI & Machine LearningRetail TechSaaS
Amritatva makes mushroom-based and sattu-based food products—such as oyster/shiitake mushroom powders, dried mushrooms, and sattu protein mixes—free from maida, MSG, and artificial preservatives.
ConsumerDirect to ConsumerWellness & FitnessJaipur, IN
Angirus makes Wricks, construction bricks manufactured entirely from recycled waste material including 20% plastic waste, positioned as lighter, stronger, and more waterproof than conventional red clay bricks.
Circular EconomyConstruction TechNew Materials
AOKI makes a foldable electric bicycle marketed as India's lightest, aimed at urban commuters looking for a compact and sustainable mobility option.
CleantechHardwareMobility & Transportation
Baansuli sells handcrafted bamboo products for home and interior decor, marketed as sustainable goods.
Circular EconomyConsumerE-commerce
Balwaan Krishi is an Indian brand that sells agricultural machinery and farming equipment online, including power weeders, brush cutters, sprayers, power reapers, water pumps, chainsaws, earth augers, dairy machines, and rice mills.
AgTechE-commerceHardware
Rohit BajajShubham Bajaj
Basil provides a platform to manage freelancer hiring and administrative tasks, handling onboarding, contracting, tax documentation, and payments for businesses.
Future of WorkHR TechSaaSNew York City, US
Harshita Kejriwal(Founder)in
Co-investorsTechstarsGolden VenturesHearst VenturesPrime Venture Partners
Bebe Foods sells traditional Indian food products such as jaggery and ingredients used in dishes like carrot halwa, offered through an online store.
Direct to ConsumerE-commerceFoodTech
Braingroom is a personalised learning platform that uses an AI bot to deliver learning guidance, curated job-specific courses in multiple languages, and interactive group assignments and live challenges.
AI & Machine LearningEdTechFuture of Work
Bridge2Capital, a product of Xtracap Fintech India Pvt Ltd, is a mobile app that assesses the financial health and creditworthiness of small business owners (MSMEs) and connects them to business loans from partner NBFCs and banks.
FintechSaaSGurugram, IN
Butterfly Learnings provides developmental and behavioral therapy for children with autism, including speech and behavior support delivered by senior and behavior therapists.
Digital HealthHealthtechWellness & FitnessMumbai, IN
Camel Charisma (Kumbhalgarh Camel Dairy) works with camel nomads and artisans in Rajasthan, India to produce camel milk and eco-friendly camel-derived products, operating what it describes as India's first camel micro-dairy.
AgTechFoodTechImpact & Social Good
Carbon Trail provides a carbon accounting and life cycle assessment (LCA) platform for the fashion and retail industry, using AI and API integrations to collect and process primary supply chain data.
AI & Machine LearningClimate TechSaaS
Carmel Organics supplies certified organic herbs and spices of Indian origin in whole, powdered, and tea-bag-cut forms, with packaging options including cardboard boxes, HDPE drums, and retail pouches.
AgTechE-commerceFoodTech
Co-investorsAnkur Capital
Cell Propulsion develops full-stack technology for electric and autonomous commercial vehicles, including EV powertrains, energy storage systems, fleet management software, and vehicle autonomy.
CleantechMobility & TransportationRoboticsBengaluru, IN
Nakul Kukar(CEO & Co-Founder)inParas Kaushal(COO & Co-Founder)inSupratim Naskar(Chief Technical Officer)in
Co-investorsMerak VenturesCapital-A
CleanElectric develops EV battery packs featuring rapid-charging and swappable technology across multiple product series for two-, three-, and four-wheeler vehicles as well as stationary energy storage.
CleantechEnergyMobility & Transportation
Co-investorsInfo Edge VenturesKalaari Capitalpi Ventures
CogniTensor designs and deploys enterprise AI platforms built on its DeepOptics agentic architecture, covering AI advisory, data infrastructure, cloud/DevOps, and industry-specific solutions.
AgTechAI & Machine LearningCleantechClimate TechEnterprise SoftwareFintechSaaSDelhi, IN
Co-investorsTechstars
Cotton Rack sells ethically produced, handcrafted cotton clothing for women, including dresses, tops, and loungewear, using handspun handloom fabrics.
ConsumerDirect to ConsumerE-commerce
Culture Circle is an Indian online marketplace for authenticated sneakers, streetwear, and luxury fashion, where users can compare prices across verified sellers.
ConsumerE-commerceMarketplacesGurugram, IN
Devansh Jain Nawal(Founder & CEO)Ackshay Jain(Co-founder)
Co-investorsInfo Edge Ventures
CynLr builds a hardware and software machine-vision platform ("Object Intelligence") that lets robots see, grasp, and orient unknown objects without pre-training, and offers robotic systems such as CyRo, CyNoid, and Mantroid for manufacturing and logistics.
Advanced ManufacturingAI & Machine LearningRobotics
Co-investorsAnicut CapitalAthera Venture PartnersMerak VenturesPavestoneRedstart LabsSpeciale Invest
DashamLabs develops silica aerogel flexible insulation sheets using process innovations aimed at making high-performance thermal insulation cost-efficient and scalable.
CleantechDeep TechNew MaterialsRewari, IN
Ankit Jhanwar(Co-Founder & CEO)inDr. Apoorv Balwani(Co-Founder & CTO)inDevakar Dhingra(Co-Founder & CCO)inDr. Neha Hebalkar(Inventor Co-Founder & Scientific Advisor)in
Co-investorsTheia Ventures
Project Desigo is building a repository of A2 milk research covering human nutrition, genetics, traceability, and sustainability, and offers reservation-based access to A2 milk with phone-based traceability via a unique member ID.
AgTechConsumerFoodTech
Desi Hangover designs and sells handcrafted footwear for men and women, made by artisan communities practicing a centuries-old shoemaking craft.
ConsumerDirect to ConsumerE-commerce
Dressfolk offers handloom apparel that draws on India's traditional textile craftsmanship, aimed at consumers seeking clothing tied to Indian heritage and identity.
ConsumerDirect to ConsumerE-commerce
Eternz is a digital marketplace for jewelry that aggregates over 300 curated brands across multiple price points and styles—from fashion to fine jewelry.
ConsumerE-commerceMarketplacesIndia, IN
Arthi Ramalingam(Founder & CEO)
Co-investorsGemba Capital Venture PartnersHyderabad AngelsTDV PartnersKae Capital
Co-investorsAxilor Ventures
Fabriclore is a full-stack, tech-enabled fabric sourcing platform for fashion brands, offering fabric discovery, custom weaving, knitting, dyeing, printing, sampling, and quality testing in one place.
B2B MarketplacesE-commerceRetail Tech
Co-investorsRajasthan Venture Capital Fund
Fello is an investment app for first-time investors in India designed to simplify wealth building through disciplined, consistent investing.
FintechGamingBengaluru, IN
Manish Maryada(Founder)inShourya Lala(Founder/President)inJatin Malwal(Co-founder & CTO)
Co-investorsFlucas VenturesJITO Angel NetworkKube VCSprint VcUpsparks CapitalY Combinator+3 more
Finarkein provides financial technology built on India's Account Aggregator, ONDC, and OCEN frameworks, offering AA orchestration and real-time financial data access for lending, insurance, and wealth management use cases.
Data & InfrastructureFintechInsurTech
Co-investorsCapital2B
Fluid Analytics AI builds AquaGrid, an AI-driven platform that unifies water infrastructure, hydraulic network, and environmental data to predict and monitor risks such as pipe deterioration, flooding, pollution, and wastewater-based disease trends.
AI & Machine LearningCleantechClimate Tech
Frontier Markets runs a rural commerce platform (Meri Saheli) that uses a network of digitally trained women entrepreneurs operating "Saheli Super Malls" and "Digital Dukaans" to deliver financial services, clean energy, agricultural, healthcare, and consumer products to last-mile rural customers in India.
Impact & Social GoodLogistics & Supply ChainMarketplaces
Co-investorsBeyond Capital VenturesBeyond Capital
Geekster is an India-based tech education provider offering online programs in Full Stack Development (MERN) and Data Science & Gen-AI, aimed at students and job seekers.
EdTech
A brand selling Korean-style ramen, including packaged ramen sold with a ceramic bowl and dried vegetable toppings, marketed to consumers.
ConsumerE-commerceFoodTech
Co-investorsFirst ChequeIndia QuotientDeVCTitan Capital
GramCover offers insurance products including motor, crop, and livestock insurance, along with reinsurance services.
AgTechFintechInsurTech
Co-investorsEmphasis VenturesInflexor VenturesFlourish VenturesOmidyar Network IndiaOmnivoreSiana Capital Management+1 more
Greenday develops biofortified and climate-resilient crop varieties, including high-protein and high-zinc/iron wheat, nutrient-rich maize and millets, climate-resilient wheat and paddy seeds, and fruits and vegetables enriched with vitamins and minerals.
AgTechClimate TechFoodTech
Guerin develops satellite sub-systems using advanced materials and manufacturing techniques, aiming to enable lower-cost launches of large and complex satellites.
Advanced ManufacturingNew MaterialsSpace TechBangalore, IN
Co-investorsJITO Angel Network
Co-investorsJITO Angel Network
InnoFarms provides mobile aseptic fruit processing units that process produce on-farm within 24 hours of harvest, producing preservative-free pulp with an 18-month shelf life.
AgTechFoodTechHardware
Karigar Mandi offers handcrafted footwear made by artisans in Agra, India, combining traditional craftsmanship with modern design.
ConsumerDirect to ConsumerE-commerceAgra, IN
Kaleidofin is a fintech platform offering goal-based savings, credit, and insurance solutions to underbanked and informal-sector customers in India, using robo-advisory technology to match products to customer risk profiles and life goals.
AI & Machine LearningFintechImpact & Social GoodSaaS
Sucharita Mukherjee(Co-Founder & CEO)Puneet Gupta(Co-Founder & Director)Natasha(Co-founder & CTO)Vipul(Co-founder & COO)
Co-investorsRabo InvestmentsTrifecta Capital Advisors
Kidaura is a therapy delivery platform for childcare providers, including therapy centers and individual therapists, that brings therapy sessions online with tools for managing child profiles, scheduling, activity libraries, and progress tracking.
Digital HealthEdTechHealthtechSaaSNasik, IN
Shiv Kumar(Founder)inSarthak Behl(Founder)in
Co-investorsTechstars
Knowlens produces film-based visual learning content — including short videos, web series, animation, and interactive e-learning — for corporate soft skills and business skills training, delivered through its own learning management system.
EdTechFuture of WorkMedia & Entertainment
Kosh provides digital lending to blue-collar workers in India through a joint liability model that uses social networks to assess creditworthiness and reduce costs.
FintechGurugram, IN
Sahil Bansal(Founder)inAayush Goel(Founder)in
Co-investorsCapria VenturesIndia QuotientY Combinator
Ivory is a digital health platform offering gamified neuroscience-backed cognitive assessments and habit-building tools for individuals and healthcare providers to track brain health and detect early cognitive decline.
Digital HealthHealthtechMental Health
Co-investors1CrowdTDV PartnersCapital-A
Lumov Health designs and sells orthopedic support products such as knee braces, insoles, lumbo sacral belts, and compression stockings, developed with orthopedic doctors and tailored to Indian anatomy and weather conditions.
ConsumerHealthtechMedical Devices
MeMeraki is an online marketplace selling traditional Indian folk and tribal art paintings, including Kalamkari, Madhubani, Pichwai, Warli, Pattachitra, and Gond styles.
ConsumerE-commerceMarketplaces
MestaStop develops platform technology focused on cancer metastasis, using in-vitro, in-vivo, and patient ex-vivo models combined with machine learning for drug discovery, drug repurposing, and companion diagnostics.
AI & Machine LearningBiotechHealthtech
The company promotes Domain Specific Architectures intended to accelerate applications, but the page provides no concrete details about the product, target customers, or industry.
Hardware
Co-investorsGolden Sparrow Ventures, LlcSpeciale Invest
Multibhashi offers live, interactive online language classes customized to each learner's fluency level and needs, with flexible scheduling and progress tracking through pre-, mid-, and post-assessments.
EdTech
MyMobiForce provides a gig-based field service and after-sales support network for enterprises, covering installations, repairs, preventive maintenance, RMA logistics, audits, and warehousing across India.
B2B MarketplacesFuture of WorkLogistics & Supply Chain
myPaisaa is a digital chit fund app that lets users save and borrow through goal-based chit plans, with in-app e-auctions, KYC onboarding, and dividend tracking.
ConsumerFintechSaaS
1Win is an online gambling platform offering sports betting, casino games, poker, live dealer games, esports, and lotteries, accessible via web and mobile apps for Android and iOS.
ConsumerGaming
Navanc provides an AI-powered platform that assesses properties and assigns credit scores against them for lenders in the BFSI sector, including NBFCs, small finance banks, HFCs, and private banks.
AI & Machine LearningFintechPropTechBengaluru, IN
NEERX provides an app and hardware sensor (SHOOL) that measure crop and soil stress and combine satellite data to give farmers farm-specific analytics, stress maps, and advisories on irrigation, nutrients, spraying windows, pest and disease prediction, and weather forecasts.
AgTechClimate TechIoT
Pace Robotics builds the Centa Painter, a modular autonomous robot that performs building-finish tasks — painting, puttying, and sanding of internal walls and ceilings — for construction and real estate projects.
AI & Machine LearningConstruction TechRoboticsBengaluru, IN
Srinivas Pai(Co-Founder & CEO)Sukrit(Head of Robot Autonomy)
Pacify Medical Technologies develops wound care medical devices, including Dermadice for micrografting and a Skin Spray Gun for tissue dispensing, aimed at hospitals and doctors.
HardwareHealthtechMedical Devices
Pixuate builds edge-based AI video analytics products, including automatic number plate recognition (ANPR), retail footfall analytics, wagon counting, and vehicle counting and classification.
AI & Machine LearningIoTRetail Tech
Co-investorsSucSEED Indovation
Proeon develops plant-based ingredients, focusing on the creation of protein and other ingredients derived from plants for the food industry.
FoodTechNew Materials
Co-investorsBlue Horizon Corporation
Quintrans Hyperloop is developing a track-based linear induction motor system with proprietary control software to automate container movement at ports, and is building a 100-meter commercial-scale test track as a demonstrator.
Deep TechHardwareLogistics & Supply Chain
Rashki is an online retailer selling consumer products directly to shoppers, offering warranty, free shipping, and exchange options.
ConsumerDirect to ConsumerE-commerce
Co-investorsSupermorpheus
Co-investorsJITO Angel Network
Riskcovry provides an insurance infrastructure platform that lets banks, lenders, brokers, fintechs, insurers, and other digital platforms embed and distribute insurance products through unified APIs, white-labeled solutions, and AI-driven workflows.
FintechInsurTechSaaS
Co-investorsBetter CapitalDMI AIF Sparkle FundVaranium NexGenCapital-A
Roopya is a no-code lending infrastructure platform that covers the full lending lifecycle, from loan origination and servicing to collections, with pre-integrated APIs for credit bureaus, verification, and payments.
AI & Machine LearningFintechSaaS
Satleo Labs operates a constellation of low Earth orbit microsatellites with onboard edge computing and machine learning to capture high-resolution thermal (MWIR, LWIR, and visible band) imagery and temperature data.
AI & Machine LearningClimate TechSpace Tech
Co-investorsMerak Ventures
Sentra.world offers an AI-powered SaaS platform for carbon accounting, emissions monitoring, and automated CBAM/CCTS compliance reporting across supply chains, targeting metals and engineering producers such as the steel industry.
CleantechClimate TechSaaS
Co-investorsAvaana CapitalGolden Sparrow Ventures, Llc
Setu provides APIs, SDKs, and pre-built screens that let businesses embed fintech services such as KYC verification, eSign, account aggregation, UPI payments, and bill payments (BBPS).
Developer ToolsFintechSaaS
Co-investorsAlpha Wave Global
Sova Health offers gut health and microbiome-focused products and services, including food intolerance tests and personalized nutrition guidance from nutrition scientists and dietitians.
ConsumerDigital HealthWellness & Fitness
Max Kushnir(Co-Founder & Chief Science Officer)
Co-investorsBrinc
SunoKitaab is an EdTech company offering audio-based educational content and a physical "VidyaBox" device for offline listening to lectures aligned with Indian school boards including CBSE, NCERT, RBSE, and WBBSE.
ConsumerEdTechHardware
Tan90 manufactures advanced Phase Change Material (PCM) technology for passive temperature control in cold-chain logistics.
CleantechLogistics & Supply ChainNew Materials
Co-investorsBlue Ashva CapitalNabventuresCapital-A
Co-investorsJITO Angel Network
Jai Kisan provides credit and loan products to farmers, rural retailers, MSMEs, and businesses across rural India, including a BharatKhata offering that pays retailers' customer bills.
AgTechFintechImpact & Social Good
Co-investorsAll In CapitalBetter CapitalCapria VenturesDG Daiwa VenturesGMO VenturePartnersNabventures+6 more
Tarrakki is a fintech infrastructure platform providing APIs and white-label solutions that let banks, fintechs, and consumer-facing companies embed investment products such as mutual funds, deposits, digital gold/silver, and alternative investments.
Enterprise SoftwareFintechSaaS
Software-defined robotics company enabling logistics providers to automate operations with modular, capital-efficient systems.
Logistics & Supply ChainRoboticsBangalore, IN
Pramod Ghadge(CEO)inShahid Memon(CTO)in
Co-investorsAll In CapitalEntrepreneur FirstF-Prime Capital PartnersRedstart Labs3one4 CapitalSixth Sense Ventures
Vimano develops nanotech polymer membranes made in India for applications including thermal management films for satellites, anion exchange membranes for hydrogen electrolysis and fuel cells, and membranes for flow batteries.
Advanced ManufacturingDeep TechEnergyNew MaterialsPearland, US
Murari Ramkumar(Murari Ramkumar is Chief Executive Officer and Director.)Nagesh Sanjeeva Kini(Nagesh S. Kini is Chief Technology Officer and Director.)Murari R(Founder & CEO)Ramkumar Ganesan(Head of Corporate Affairs)
Co-investorsAnkur CapitalMomentum Capital
vPhrase offers Explorazor, a data analysis tool with a search-based, No-SQL interface that lets brand and sales teams connect multiple datasets and perform root cause analysis.
Data & InfrastructureSaaSSales Tech
Co-investorsAlpha Wave Global
Whrrl operates a blockchain-based warehouse receipt finance platform that gives farmers and agri-processors instant credit access and market linkage while tokenizing commodities.
AgTechCrypto & Web3Fintech
XEMI offers a Logistics-as-a-Service platform that gives real-time visibility into supply chain operations, including shipment tracking, customs clearance, trade document processing, and analytics.
AI & Machine LearningLogistics & Supply ChainSaaS
Basil sells stainless steel bento lunch boxes, water bottles, and mealtime accessories for children and adults, with compartmentalized, leak-proof, BPA-free designs and character themes.
ConsumerDirect to ConsumerE-commerce
Co-investorsPrime Venture Partners
Portfolio news
latest coverage across their companiesAgnikul · thehindu.com · Jul 29, 2026
Gimi Michi · economictimes.indiatimes.com · Jun 17, 2026
Basil · m.economictimes.com · Feb 24, 2026
Fello · finsmes.com · Feb 24, 2025
Frequently asked questions
- How many investments has IIMA Ventures made?
- IIMA Ventures has 158 tracked investments, including 1 dated in the last 24 months.
- What stage does IIMA Ventures invest at?
- IIMA Ventures invests at the Pre-Seed, Seed stages.
- What sectors does IIMA Ventures focus on?
- IIMA Ventures focuses on AgTech, AI & Machine Learning, Climate Tech, Deep Tech, Digital Health, Healthtech, Impact & Social Good, Sector Agnostic.
- Where is IIMA Ventures located?
- IIMA Ventures is headquartered in Ahmedabad, IN.
- Who does IIMA Ventures co-invest with?
- IIMA Ventures most often shares deals with JITO Angel Network, Sprint Vc, Merak Ventures, among 59 tracked co-investors.
Media · Podcasts & interviews
from their channelBuilding a Consequential Company: From First Principles to the Launchpad
IIMA Ventures
People & Culture: Lessons in Team Building
IIMA Ventures
Second Lives, First Principles: Rebuilding Industry for Circularity
IIMA Ventures
Distribution Stack for the Next 500 Million: Pathways for Trust, Profit and Scale
IIMA Ventures
Mind, Metal, & Machines: Manufacturing the Future
IIMA Ventures
Building a Consequential Company: Insights Through an Investor’s Lens
IIMA Ventures
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