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IvyCap Ventures

Venture capital

Mumbai · Seed–Series B · 11 people tracked

Also known as IvyCap · IVYCAP VENTURES ADVISORS PRIVATE LIMITED

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Investment thesis

IvyCap Ventures invests in passionate founding teams with strong academic backgrounds and professional experience building highly scalable, technology-based products and services. As a sector-agnostic fund, it backs early- to growth-stage startups (Seed, Pre-Series A, Series A, and Series B) across sectors including DeepTech, ConsumerTech, HealthTech, Fintech, EdTech, SaaS and Enterprise Tech. The firm emphasizes nurturing long-term relationships with founders, creating outlier companies, and integrating the UN Sustainable Development Goals into its investment approach to generate both financial returns and meaningful impact. It leverages a large network of alumni experts and institutional partners from IITs, IIMs and other leading institutes.

Source: firm website, verified Sep 29, 2026.

Stage
Seed–Series B
HQ
Mumbai, IN
Instruments
Equity
Founded
2011
Last 12 months
8 investments
AUM
$650M
VC funds
2
Tracked investments
44
IPOs
1
Acquisitions
1

Team · 11 people

from the firm's website & curated & public directories
Vishal Gauri· Co-Founder and Partner
Aashish Gupta· Vice President, Investment
Harshit Tahiliani· Vice President, Investmentin

Founder mafia

2 people who came through IvyCap Ventures went on to found or lead other companies.

What they invest in

from 33 of 44 portfolio companies

AI & Machine Learning ×13Consumer ×7E-commerce ×7SaaS ×7Direct to Consumer ×4Cleantech ×3Deep Tech ×3Enterprise Software ×3

HQs:India×21United States×5Indonesia×1

Who they back

founder profiles across 7 portfolio companies
18%
repeat founders
of 11 founders with career history

Where their founders studiedfrom 10 founders with education data

Indian Institute of Technology, Delhi ×3Indian Institute of Technology, Bombay ×2

What their founders studiedfrom 10 founders with field-of-study data

Engineering ×6Computer Science ×3

Where their founders worked beforefrom 11 founders with career history

IBM ×2Microsoft ×2

Investments · 44 tracked

founders shown can be your intro path

By year:2026 · 52025 · 72024 · 62023 · 12022 · 22021 · 52016 · 12015 · 128 dated

Brain Sight AIbrainsightai.comin𝕏Jan 2025✓ verified

BrainSightAI develops AI-based neuroimaging products that analyze MRI data to provide evidence-based treatment guidance for neurosurgeons, psychiatrists, and neurologists, along with a digital aid for patients.

AI & Machine LearningDigital HealthHealthtechMedical DevicesBengaluru, IN

Laina Emmanuel(CEO)inRimjhim Agrawal(CTO)in

Co-investorsEntrepreneur FirstRedstart LabsShe CapitalSilverneedle Ventures

Elucidataelucidata.ioin𝕏Sep 2022 · $16M✓ verified

Elucidata is a company oriented around supporting scientific research, emphasizing making users' research more efficient and respecting the scientific method.

AI & Machine LearningBiotechData & InfrastructureCambridge, US

Abhishek Jha(Co-founder & CEO)Swetabh Pathak(Director)in

Co-investorsHyperplane Venture CapitalEight Roads VenturesF-Prime Capital

TurboHireturbohire.coin𝕏Aug 2025✓ verified

TurboHire provides enterprise hiring software and services.

AI & Machine LearningEnterprise SoftwareHR TechSaaSHyderabad, IN

Deepak Agrawal(CEO & Co-founder)inGaurav Kumar(CTO & Co-founder)inRakesh Ranjan Nayak(CIO & Co-founder)in

Co-investorsHyderabad AngelsPentathlon VenturesMumbai AngelsThe Chennai Angels

Agragaagraga.cominMay 2023 · $8.5M

Agraga provides cross-border B2B trade logistics services, combining technology with human expertise to offer real-time international logistics solutions.

B2B MarketplacesE-commerceLogistics & Supply Chain

Venkatesh N(Founder)in

Co-investorsAlteria Capital

Agroagro.clubin𝕏Dec 2025

Agro.Club operates a grain trading platform that connects farmers with buyers, offering competitive bids for crops such as corn, wheat, and soybeans with off-farm pickup or delivery and fast payment.

AgTechB2B MarketplacesFoodTech

Co-investorsRabo Corporate VenturingElevator Ventures

Astranovaastranova.world𝕏Apr 2026

Astra Nova is a gaming ecosystem built around an AI-powered universe featuring products including a free-to-play Action RPG with AI NPCs built in Unreal Engine 5, interactive webcomics (NovaToon), a SocialFi loyalty platform (BlackPass), and a Telegram PVP game.

AI & Machine LearningCrypto & Web3Gaming

Faizy Ahmed(Founder)

Co-investorsBrincAdvantedge FoundersAlteria CapitalTrucks VC

Astranova Mobilityastranovamobility.comApr 2026

Astranova Mobility (formerly Electrifi Mobility) provides a full-stack platform for electrifying commercial vehicle fleets in India, covering vehicle sourcing from OEMs, financing and operating leases, maintenance, refurbishment, and energy solutions.

CleantechFintechMobility & Transportation

Kunal Mundra(Founder)in

Co-investorsADB VenturesAdvantedge FoundersTrifecta Capital AdvisorsTrucks VC

Avammuneavammune.comMay 2025 · $12M

Avammune is a biotech company developing novel therapeutic modalities to address hard-to-treat cancers with distinct mechanisms of action.

AI & Machine LearningBiotechDeep TechMedical Devices

Arun(Founder | CEO)Aditya(Founder | CSO)Srinivasan(Founder | Director)

Co-investors1CrowdCapital2BShastra VCThe Chennai Angels

BATX Energiesbatxenergies.cominJul 2026

BatX operates physical lithium-ion battery recycling infrastructure — collection, mechanical preprocessing, black mass production, and hydrometallurgical refining — to recover battery-grade materials such as lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate.

Circular EconomyCleantechEnergyGurugram, IN

Utkarsh Singh(Founder)inVikrant Singh(Founder)in

Co-investorsLVX VenturesMyAsiaVCSprint Vc

Beatovenbeatoven.aiin𝕏Mar 2024

Beatoven.ai is an AI music generator that lets users describe and create custom royalty-free background music tracks and sound effects using its in-house "maestro" AI model.

AI & Machine LearningCreator EconomyMedia & EntertainmentBangalore, IN

Mansoor Rahimat Khan(CEO)inSiddharth Bhardwaj(CTO)in

Co-investorsCapital2BEntrepreneur FirstUpsparks CapitalRedstart Labs

Bewakoofbewakoof.comin

Bewakoof is an online fashion and apparel retailer selling clothing and accessories for men and women, along with lifestyle products.

ConsumerDirect to ConsumerE-commerce

Prabhkiran Singh(Founder)in

Co-investorsAnicut CapitalSpring Marketing CapitalTitan CapitalInvestcorp

bidgelybidgely.comMar 2021

Bidgely offers UtilityAI, a platform that uses patented energy disaggregation to identify appliance-level usage (such as EVs, HVAC, and heat pumps) from smart meter data alone, without surveys or smart plugs.

AI & Machine LearningEnergySaaS

Abhay Gupta(Chief Executive Officer (CEO))inVivek Garud(Co-Founder & AI Enthusiast)in

Co-investorsConstellation Technology VenturesFuture Energy VenturesSnowflake VenturesKhosla Ventures

BigEndian Semiconductorsbigendiansemi.cominMay 2026 · $6M

Bangalore-based fabless semiconductor development platform focused on high-performance integrated circuits and microprocessors.

Bengaluru, IN

Dinesh Annayya(Founder)inRenuka Prasad(Founder)in

Co-investorsIAN GroupVertex Ventures Sea Management Pte. Ltd.Vertex Ventures

Biryani By Kilobiryanibykilo.comin𝕏

Biryani By Kilo is an online food ordering and delivery service offering dum-cooked handi biryani, kebabs, curries, rolls, breads, beverages, and desserts to consumers across many Indian cities.

ConsumerE-commerceFoodTech

Co-investorsAlpha Wave GlobalTrifecta Capital AdvisorsSmile Group

Blitzblitznocode.comin𝕏Nov 2024

Blitz provides a no-code platform that enables business teams to build and deploy internal tools and applications without requiring core engineering resources.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkSaaSSan Francisco, US

Loic Veillard(Founder)in

Co-investorsTitan CapitalY CombinatorAngel InvestBetter CapitalIndia QuotientSTATION F

Blitzrideblitz.comin𝕏Nov 2024

Blitz provides white-label express and last-mile logistics services using an all-electric vehicle fleet, letting businesses run deliveries under their own brand with customizable SLAs, live tracking, and cash-on-delivery support.

CleantechLogistics & Supply ChainMobility & Transportation

Saivya Chauhan 🛵📦⚡️(Founder)in

Co-investorsADB VenturesITERATIVEVynn CapitalAlteria CapitalBetter CapitalFirst Cheque+2 more

Blitzblitznow.ininNov 2024

Blitz provides fulfillment and delivery software that forecasts demand and optimizes inventory placement across locations, and offers pre-checkout delivery-timeline display and post-checkout order tracking for online retailers.

E-commerceLogistics & Supply ChainSaaS

Yash Sharma(Founder)in

Co-investorsBetter CapitalCapria VenturesFirst ChequeIndia QuotientAlteria CapitalConnecticut Innovations+3 more

Blitzblitz.gg𝕏Nov 2024

Blitz provides real-time performance insights and learning tools to help gamers of any skill level improve their play through automated guidance and meta-aware recommendations.

ConsumerGamingSaaS

Co-investorsCrosscut VenturesADB VenturesAlteria CapitalBANSEABetter CapitalFirst Cheque+2 more

Bluestonebluestone.com𝕏

BlueStone is an omnichannel jewellery retailer selling certified fine jewellery such as rings, earrings, pendants, mangalsutras, bangles, and engagement rings online and through stores.

ConsumerDirect to ConsumerE-commerce

Gaurav Singh Kushwaha(Founder)in

Co-investorsAccelAlteria CapitalBlackSoilIndia Foundation Fund Series I (A Scheme Of Multiply Ventures IndiaInfo Edge VenturesIron Pillar+4 more

Cloviaclovia.com𝕏

Clovia is a full-stack Indian lingerie brand selling bras, panties, sleepwear, activewear, shapewear, and swimwear online and through retail stores, with sizes for nine Indian body types.

ConsumerDirect to ConsumerE-commerceNew Delhi, IN

Suman Chowdhury(Founder)in

Co-investorsShe CapitalSingularity Ventures

Convosightconvosight.cominJun 2021 · $9M

ConvoSight analyzes social video content across platforms like Instagram, TikTok, YouTube, and Reddit to uncover consumer behaviors, emotions, and emerging trends for brands and marketing teams.

AI & Machine LearningConsumerMarketing TechNew York City, US

Tarun Dhamija(Founder)

Co-investorsQualgroUnilever VenturesSurge

Dhruva Spacedhruvaspace.comApr 2024

Dhruva Space provides satellite launch solutions, including a range of space-qualified CubeSat orbital deployers (1–32 kg payloads) and integrated small satellite launch services across multiple launch vehicles such as PSLV, SSLV, Falcon, and Vikram.

Deep TechDefense TechHardwareSpace TechHyderabad, IN

Co-investorsBlue Ashva CapitalIAN GroupSilverneedle VenturesT-Hub3Lines Venture CapitalMumbai Angels

Eggozeggoz.com𝕏Jun 2025 · $20M

Eggoz is a farm-to-plate egg brand that supplies fresh eggs laid by hens raised on herbal (chemical-free) feed and subjected to quality checks.

AgTechDirect to ConsumerFoodTech

Abhishek Negi(Founder)inAditya Singh(Founder)in

Co-investorsNabventuresRebright PartnersSpring Marketing CapitalStride VenturesTracxn labsAvaana Capital

Expertronsexpertrons.comin𝕏Aug 2021

Expertrons operates an AI-powered videobot technology platform that connects job seekers and students with career experts for guidance, mentorship, and placement support.

AI & Machine LearningEdTechFuture of WorkHR TechMumbai, IN

Co-investorsHyderabad AngelsIceland Venture StudioPeaceful ProgressVenture Catalysts

FtCashftcash.comin𝕏

ftcash provides collateral-free short-term unsecured business loans of up to ₹25 lakhs to small businesses and micro-merchants in India.

Fintech

Vaibhav Lodha(Founder)inDeepak KothariSanjeev Chandak(CEO)

Co-investors500 GlobalAccionTracxn labs

HyugaLifehyugalife.cominApr 2026

Health and wellness platform; first early-stage fund investment.

Mumbai, IN

Neehar Modi(Founder)inAnvi Shah(Founder)in

Co-investorsPeak XV PartnersSpring Marketing CapitalGetVantageStride Ventures

Lissunlissun.appin𝕏

Lissun is a tech-enabled mental and emotional health company offering online counselling and therapy to individuals and corporate clients in India.

Digital HealthHealthtechMental HealthWellness & FitnessGurgaon, IN

Tarun Gupta(Founder)in

Co-investorsColossa VenturesgrowX VenturesIndia Foundation Fund Series I (A Scheme Of Multiply Ventures IndiaPeaceful ProgressRPSG Capital VenturesSucSEED Indovation+3 more

MIKOmiko.aiAug 2021 · $28M

Miko builds child-safe AI robots and companion products designed to support kids' learning and creativity while giving parents controls over safety, screen time, and data.

AI & Machine LearningConsumerEdTechMumbai, IN

Sneh Vaswani(Founder)in

Co-investorsAroa Venture PartnersChiratae VenturesDisney AcceleratorTrifecta Capital AdvisorsYourNest Venture CapitaliHeartMedia

Morphing Machinesmorphing.inin𝕏Oct 2025

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

Deepak Shapeti(Founder)in

Co-investorsColossa VenturesGolden Sparrow Ventures, LlcIIMA VenturesSpeciale InvestDeVC

Rusk Mediaruskmedia.cominOct 2025

Rusk Media builds intellectual property and entertainment content using a data-driven creation and multi-platform monetization strategy.

AdTechCreator EconomyMedia & Entertainment

Co-investorsAudacity Venture CapitalLVX VenturesNODWIN GamingSprout | Venture PartnersInfo Edge Ventures

Sokratisokrati.comin𝕏Jan 2015acquired by Dentsu

Sokrati provides implementation and consulting services for Google Ads Data Hub, a privacy-first data warehousing platform that enables advertisers to analyze campaign performance and audience insights while protecting user privacy.

AdTechAI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing Tech

Anubhav Sonthalia(Founder)inAshish Mehta(Founder)in

Co-investorsAthera Venture PartnersInventus Capital Partners

Synapsica Healthcaresynapsica.comin𝕏Jun 2021 · $4.2MDefunct

Synapsica Healthcare develops artificial intelligence software to automate diagnostic imaging analysis and report generation for radiologists and medical facilities.

HealthtechMarketplacesMedical DevicesSaaSBengaluru, IN

Cherian Dr(Founder)inGandharv Goyal(Founder)inKuldeep Singh Chauhan(Founder)inMeenakshi Singh(Founder)in

Co-investorsGoAhead VenturesY CombinatorEndiya PartnersZamil Group Holding Company

Trillbittrillbit.comin𝕏

Trillbit develops acoustic communication technology for IoT and embedded systems, using sound waves to enable data transmission and device connectivity without additional hardware.

AI & Machine LearningCybersecurityDeep TechHardwareIoTSector AgnosticBoston, US

Bhaskar Deo(Founder)in

Co-investorsTechstarsGood Growth Capital

Vinculumvinculumgroup.comin𝕏

Vinculum offers SaaS software for e-commerce and retail businesses, including product information management (PIM), order management (OMS), omnichannel order management, warehouse management (WMS), and payment reconciliation.

E-commerceRetail TechSaaS

Venkat Nott(Founder & CEO)inAnnajee Nott(Founder, VP - Consulting)Deepak Singla(Co-Founder, VP - Omni Channel Retail)in

Co-investorsAccelPartners for GrowthPartners for Growth (PFG)Trifecta Capital AdvisorsVelocity

Wagrwagr.coin𝕏Apr 2022

Wagr is a platform for 1v1 competitive gaming, offering quick matchmaking so players can find and compete in head-to-head games.

Gaming

Co-investorsColle Capital PartnersPear VCBITKRAFT VenturesGreycroftHarris Blitzer Sports & EntertainmentSeven Seven Six+1 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

CelciusCelcius LogisticsDaxaaGrabOnRentM.O.MRaana SemiConductorsSnitchTiea Connectors

Exits · 2

1 IPOs · 1 acquisitions · showing 1

Sokratiacq. by Dentsu

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has IvyCap Ventures made?
IvyCap Ventures has 44 tracked investments, 2 of which have exited, including 16 dated in the last 24 months.
What stage does IvyCap Ventures invest at?
IvyCap Ventures invests at the Seed, Series A, Series B stages.
What sectors does IvyCap Ventures focus on?
IvyCap Ventures focuses on AgTech, AI & Machine Learning, Consumer, Cybersecurity, Deep Tech, EdTech, Enterprise Software, Fintech, Healthtech, IoT, Mobility & Transportation, SaaS, Sector Agnostic, Semiconductors.
Where is IvyCap Ventures located?
IvyCap Ventures is headquartered in Mumbai, IN.
Does IvyCap Ventures lead rounds?
IvyCap Ventures has led 13 of the 30 rounds where its role is on record.
Who does IvyCap Ventures co-invest with?
IvyCap Ventures most often shares deals with Peak XV Partners, Spring Marketing Capital, Stride Ventures, among 48 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Edge Mumbai Edition | Speaker Spotlight - Vikram Gupta : Founder :IvyCap Ventures | The Llama Club

AIM Media House · Vikram Gupta

Vikram Gupta, Founder and Managing Partner, IvyCap Ventures

Entrepreneur India · Vikram Gupta

The Art of Raising Capital – And Knowing When Not To | ft. Vikram Gupta, Ivycap Ventures and Snitch

Alok Patnia - TMG. (Taxmantra Global) · Vikram Gupta

e4mTechManch'24:Vikram Gupta of IvyCap Ventures delves into opportunities & challenges for investors

exchange4media Group · Vikram Gupta

Discovering Sustainable Unicorns in 5 Years | Vikram Gupta, IvyCap Ventures | PMS AIF WORLD

PMS AIF WORLD · Vikram Gupta

In conversation with Vikram Gupta, Founder and Managing Partner, IvyCap Ventures Advisors Pvt Ltd.

Marksmen Daily · Vikram Gupta

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