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Kalaari Capital

Venture capitaloperating company · company profile

Bengaluru · Seed–Series B · 35 people tracked

Also known as KALAARI CAPITAL ADVISORS PVT LTD

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Investment thesis

Kalaari Capital positions itself as a founder-first, early-stage investor known for spotting trends early and backing the first generation of Indian consumer internet startups. The firm emphasizes long-term partnership, supporting founders through the full journey by celebrating successes and helping solve problems as they arise. Its portfolio spans consumer internet, edtech, SaaS, fintech, and long-cycle deep-tech areas such as space surveillance, reflecting a willingness to commit patient capital to ambitious, differentiated companies building at scale.

Source: firm website, verified Aug 25, 2026.

Stage
Seed–Series B
Check
$800K – $25M
HQ
Bengaluru, IN
Leads rounds
Follows
Instruments
Equity
Founded
2006
Last 12 months
2 investments
AUM
$850M
VC funds
3
Tracked investments
82

Team · 35 people

from the firm's website & curated & public directories
N Balachandra· Venture Partner
Aditya Srivastava· Associatein
Archan Chakraborty· Legal Counsel
Gautam Narayan· Associatein

Gautam Narayan is an investor at Kalaari Capital. Previously, he worked at Zomato.

Kandasamy Moorthy· Sr. IT Executivein
Karthik Nageswaran· CFOin
Padma Balaji· Manager Admin & Operationsin
Peter Harkin· Board of Directors
Satish Hebbar· Sr. Manager Finance & Accountsin
Simran Khurana· Associatein

Founder mafia

3 people who came through Kalaari Capital went on to found or lead other companies.

What they invest in

from 54 of 82 portfolio companies

AI & Machine Learning ×23SaaS ×17Consumer ×11Enterprise Software ×8Fintech ×7E-commerce ×6Cybersecurity ×4Data & Infrastructure ×4

HQs:India×28United States×6United Kingdom×1

Who they back

founder profiles across 23 portfolio companies
70%
solo founders
16 of 23 mapped founding teams
77%
repeat founders
of 13 founders with career history

Founding team size:solo founder×162 founders×53 founders×14+ founders×1

Where their founders studiedfrom 12 founders with education data

Indian Institute of Technology, Delhi ×5Stanford University Graduate School of Business ×3

Where their founders worked beforefrom 13 founders with career history

Knolskape ×2

Investments · 82 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22023 · 32015 · 12014 · 18 dated

Baaz Bikesbaaz.bikein𝕏✓ verified

Baaz Bikes manufactures electric scooters and swappable batteries for gig workers and last-mile delivery services in India.

EnergyHardwareMobility & TransportationDelhi, IN

Anubhav Sharma

Co-investorsRakuten CapitalAdvantedge FoundersAlteria Capital

Instamojoinstamojo.comin𝕏Nov 2014

India's leading digital lending platform for MSMEs

Palo Alto, US

Akash Gehani(Director)Sampad Swain(Executive Officer, Director)Mandar Dandekar(Director)

Board seatVani Kola· per SEC Form D

Co-investorsFundamentumGMO VenturePartners

JoGuruApr 2015SEC filingmedium confidence

Palo Alto, US

Edward Miller(Executive Officer, Director)B. Praveen Kumar(Executive Officer, Director)Saket Prashant Newaskar(Director)

BoardSumit Jain(Director)

Board seatVani Kola· per SEC Form D · $3M raise · filed Apr 2015

ActiveAIin𝕏Acquired

Gupshup provides AI-powered conversational communication solutions for businesses to automate, personalize, and scale customer interactions across multiple channels.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaS

Co-investorsCRV (Charles River Ventures)Tiger Global Management

Aeriaaeria.worldin

Aeria builds digital tenant experience solutions for commercial real estate, focused on improving tenant and employee engagement, satisfaction, and retention.

AI & Machine LearningEnterprise SoftwarePropTechSaaS

Priyanka Gera(Founder & CEO)inPiyush Kateja(Co-Founder & Director)inAwnish Kumar(Co-Founder & Head of Engineering)in

Co-investorsFoundamental

Agnextagnext.comin𝕏

AgNext operates an AI and data-driven assurance platform for rapid food quality testing, traceability, and quality-linked payments across food supply chains.

AgTechAI & Machine LearningFoodTech

Co-investorsAlpha Wave Global

Agrimagrim.appinMar 2026 · $17.3M

Agrim operates a B2B wholesale platform connecting retailers with suppliers for agricultural inputs and related goods.

AgTechB2B MarketplacesE-commerceGurugram, IN

Co-investorsAccionCapria VenturesIndia QuotientTrifecta Capital AdvisorsOmnivore

Airpayairpay.dental

AirPay helps dental practices automate insurance verification and patient coverage checks, integrating with major carriers to streamline front desk workflows and improve claim acceptance rates.

HealthtechSaaS

Co-investorsWavemaker Three-Sixty Health

Articulusarticulussurgical.comin

Articulus Surgical develops a robotic surgery system designed for independent or interoperable use with existing hospital infrastructure, featuring rapid sterile docking, low inventory requirements, and a compact, low-cost footprint.

HealthtechMedical DevicesRobotics

Attero
Attero Recyclingattero.inin

Co-investorsGranite Hill

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-investorsAccelInfo Edge VenturesIron PillarIvyCap VenturesPeak XV PartnersSaama Capital+1 more

Bombay Playbombayplay.comin

Bombay Play develops hybrid casual mobile games focused on social, multiplayer play with friends.

ConsumerGaming

Oliver Jones(Co-founder)Abhas Saroha(Co-founder)

Co-investorsAdvantedge FoundersLeo Capital VenturesLumikai

ByteXLbytexl.comin

byteXL offers a technology education platform, including its Nimbus coding environment, that trains engineering and computer science students in skills such as programming, data science, and AI.

AI & Machine LearningEdTechFuture of Work

CashKarocashkaro.comin𝕏

CashKaro is an India-based cashback and coupons platform where users shop at partner online retailers such as Amazon, Flipkart, Myntra and Nykaa via its app or site to earn cashback, which can be withdrawn to a bank account, UPI, or as gift cards.

ConsumerE-commerceRetail TechGurgaon, IN

Swati Bhargava(Founder)

Chara Motorschara.co.inin𝕏

Chara develops synchronous reluctance motor systems and intelligent controllers that avoid rare-earth magnets, using sustainable materials to reduce energy costs and CO2 footprint.

CleantechHardwareMobility & Transportation

Bhaktha Keshavachar(Founder)

Co-investorsArkam Ventures

Clean Electriccleanelectric.inin𝕏

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-investorsIIMA VenturesInfo Edge Venturespi Ventures

Convinconvin.aiin𝕏

Convin builds AI-powered conversation intelligence and speech analytics software that records and analyzes customer conversations for customer-facing teams such as contact centers and sales teams.

AI & Machine LearningSaaSSales Tech

Atul Shree(Founder)in

Co-investorsCapria VenturesIndia QuotientJSW VenturesSparrow CapitalTitan Capital

Creative Galileotoondemy.com

Toondemy provides NEP and EYFS aligned smart book sets, AI-powered learning tools, and a unified school app for preschool and kindergarten education (Preschool, Nursery, Junior KG, Senior KG).

AI & Machine LearningEdTechSaaS

Creditvidya/ Credcreditvidya.comin

CreditVidya offers automated employment verification that confirms employment details in under a minute, replacing manual checks and office visits.

AI & Machine LearningFintechSaaS

Curefitcult.fitin𝕏

cult.fit offers fitness memberships (cultpass) providing access to group classes, gyms, at-home workouts, and sports facilities, along with weight-loss coaching, workout gear, and wellness services.

ConsumerSports TechWellness & FitnessBangalore, IN

Mukesh Bansal(Founder)

Co-investorsBetter CapitalChiratae VenturesExfinity VenturesAccelOaktreeSouth Park Commons

Deconstructthedeconstruct.inin

The Deconstruct sells skincare products, including a hydrocolloid acne pimple patch formulated with 2% salicylic acid, 0.2% tea tree oil, and ingredients like Centella Asiatica and niacinamide to treat pimples.

ConsumerDirect to ConsumerE-commerceWellness & Fitness

Malini A.(Founder)in

Co-investorsV3 Ventures

Digantaradigantara.co.inin𝕏

Rahul Rawat(Founder)inTanveer Ahmed(Founder)in

Co-investorsAditya Birla VenturesGlobal BrainVenture Catalyst Space

Digantara Industries

Space surveillance and intelligence company focused on protecting and defending sovereign and allied interests across contested operational domains.

Dream11dream11.com𝕏

Dream11 is a fantasy sports platform operated by Sporta Technologies where users create fantasy teams to play games based on real-world sporting events.

ConsumerGamingSports TechMumbai, IN

Harsh Jain(Founder)in

Co-investorsAlpha Wave GlobalThink InvestmentsDST GlobalTiger Global ManagementTPG

Elasticrunelastic.run

Pune, IN

Sandeep Deshmukh(Founder)inShitiz Bansal(Founder)in

Co-investorsSoftBank Vision FundAvataar Venture Partners

Eloeloeloelo.inApr 2025 · $13.5M

Bengaluru-based live social entertainment platform combining video and audio streaming with gaming and creator micropayments.

Bengaluru, IN

Akshay Dubey(Founder)Saurabh Pandey(Founder)in

Co-investorsBetter CapitalCourtside VenturesFundamental VCLumikaiPlay VenturesWaterBridge Ventures+2 more

Embibeembibe.com

Co-investorsLightbox

Equilibriumeqg.coSep 2025 · $3M

Equilibrium Group designs, builds, and funds computational infrastructure for decentralised technologies, operating a portfolio of web3, blockchain, and cryptography companies.

Crypto & Web3Data & InfrastructureDeep Tech

Co-investorsWintermuteAvaana CapitalPeak XV Partners

Equilibriumequilibriumearth.comin

Equilibrium Earth builds carbon removal infrastructure using multiple pathways such as mangrove afforestation, sustainable paddy farming, and industrial-scale biochar production from agricultural residues and invasive biomass.

AgTechCleantechClimate Tech

Co-investorsAvaana Capital

Fanonfanon.co𝕏

Fanon is a platform for fan-made fiction where users discover fandoms and read or create alternate-universe stories.

ConsumerCreator EconomyMedia & Entertainment

Figrfigr.designin

Figr is an AI-driven product design tool that analyzes a team's product data and usage patterns to recommend UX and onboarding improvements grounded in proven design patterns.

AI & Machine LearningData & InfrastructureSaaSDelhi, IN

Chirag Singla(Founder)

Co-investorsGolden Sparrow Ventures, Llc

GuardianLinkguardianlink.io

GuardianLink builds AI systems and blockchain infrastructure for enterprises, including agentic AI stacks, model training pipelines, RAG systems, and Layer 2 blockchain tooling, wallets, and DeFi/DApp frameworks.

AI & Machine LearningCrypto & Web3Enterprise Software

Haptikhaptik.aiin𝕏

San Francisco, US

Swapan Rajdev(Executive Officer, Director)

BoardNeville Taraporevala(Director)Vijay Srinivasan(Director)

Healthplixhealthplix.cominMar 2023 · $22M

HealthPlix provides an online and offline electronic medical record (EMR) platform and clinic management software for doctors and healthcare facilities in India, including prescription tools, teleconsultation, and specialty-specific modules across 16 medical specialties.

Digital HealthHealthtechSaaS

Co-investorsChiratae VenturesAvataar Venture PartnersJSW VenturesLightspeed Venture Partners

HerKeyherkey.comin

HerKey is an online platform offering job listings, sessions, events, and community features aimed at women's career development.

FemTechFuture of WorkHR Tech

Hireboundhirebound.ioin𝕏

HireBound provides three autonomous AI agents plus a CRM orchestration layer that handle candidate sourcing, multilingual screening calls, and technical and cultural assessments for recruitment.

AI & Machine LearningHR TechSaaSGurgaon, IN

Sharad Vij(Founder)

Hiverhiver.com

Hiver is a SaaS customer service platform that turns Gmail shared inboxes into an omnichannel, AI-assisted help desk.

Co-investorsKae CapitalMars Growth Capital

Hiverhiverhq.comin𝕏

Hiver is an AI-native customer service platform that unifies email, chat, Slack, voice, social, and WhatsApp into one workspace, with AI Agents that triage tickets, draft replies, and run multi-step resolutions across connected tools like Salesforce, Shopify, Jira, and NetSuite.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsLiquidity Capital

Holachefholachef.com

The site publishes reviews, guides, rankings, and tips about online web slot games, aimed at online casino players.

GamingMedia & Entertainment

Co-investorsIndia QuotientInnoVen CapitalSIDBI Venture Capital

Hyperbotshyperbots.comin

Hyperbots offers an agentic AI platform with finance-specific "co-pilots" that automate accounts payable and receivable tasks such as invoice processing, accruals, procurement, payments, sales tax verification, vendor management, collections, and cash application.

AI & Machine LearningFintechSaaS

Co-investorsArkam Ventures

Industrybuyingindustrybuying.comin𝕏

IndustryBuying is a B2B e-commerce platform for procurement of industrial, MRO, and office supplies, offering over 1 million products from 8,000+ brands across 25+ categories to business customers in India.

Advanced ManufacturingB2B MarketplacesE-commerceEnterprise SoftwareIndia, IN

Swati Gupta(Founder)in

Co-investorsElevation CapitalTrifecta Capital Advisors

Jarmyjar.appin𝕏

Jar is an Indian fintech app that helps users save money by investing in digital gold, positioning itself as a simplified savings tool for everyday consumers.

ConsumerFintechSaaS

Misbah Ashraf(Founder)in

Co-investorsAdvantedge FoundersCapria VenturesEmphasis VenturesEximius VenturesKube VCLVX Ventures+11 more

JB Air
Jumbotailjumbotail.comin

Jumbotail runs a B2B marketplace platform connecting India's mom & pop grocery retailers (kirana stores) and supermarkets with brands and staples producers, offering products across staples, packaged foods, personal care, and home care.

B2B MarketplacesLogistics & Supply ChainRetail Tech

S.Karthik Venkateswaran(Founder)inAshish Jhina(Founder)in

Co-investorsBarrel VenturesCapria VenturesSC VenturesSiddhi CapitalArkam Ventures

Kindlifekindlife.in𝕏

Kindlife is an Indian online retailer selling curated skincare and fitness-nutrition products, offering K-beauty and dermatological brands (such as Beauty of Joseon, COSRX, SKIN1004, CeraVe, Bioderma) and protein/nutrition brands (SuperYou, MyFitness) with direct sourcing and authenticity certification.

ConsumerDirect to ConsumerE-commerceWellness & Fitness

Co-investorsTDV Partners

Lxmelxme.inin𝕏

Lxme is a personal finance and investment app for women in India, offering a mutual fund investment platform (a registered AMFI mutual fund distributor) along with financial education, a community, and money coaches.

ConsumerFemTechFintech

Magztermagzter.com
Matters Aimatters.aiin𝕏

Matters.AI builds an autonomous AI security engineer for the data and AI layer that detects, analyzes, and resolves data misuse across hybrid clouds, endpoints, microservices, and AI pipelines.

AI & Machine LearningCybersecurityData & Infrastructure

Keshava Murthy(Founder)inHarsh Sahu(Founder)in

Co-investorsBetter Capital

Maximize Money
Medplusmedplusmart.com

Co-investorsPremji Invest

Mesh Defendmeshdefend.aiin

MeshDefend builds an AI agentic platform ("AI-Ops") for data infrastructure, using autonomous agents to automate tasks, analyze and resolve issues, and improve security posture.

AI & Machine LearningCybersecurityData & InfrastructureBengaluru, IN

Tejas(Co-founder)inRavi(Co-founder)inRavi Chitloor(Founder)Tejas Pandit of MeshDefend(Founder)

Mettlmettl.comin

Mercer | Mettl provides online assessment and proctoring tools used by corporations and academic institutions to conduct virtual exams, run remote proctored assessments, and hire and develop talent.

EdTechHR TechSaaS

Milkbasketmilkbasket.com

Last-mile grocery e-commerce delivery platform in India

Co-investorsElevenX CapitalUnilever Ventures

Modulus Housingmodulushousing.comin

Modulus Housing is an IIT-Madras certified company that designs, manufactures, and installs modular and foldable prefabricated buildings, including emergency shelters, temporary offices, mobile facilities, and healthcare spaces.

Advanced ManufacturingConstruction TechPropTech

Myntramyntra.com

Bengaluru, IN

Ashutosh Lawania(Founder)in

Co-investorsAccelOrios Venture PartnersPremji Invest

Nudgebee
Pascal Ai Labs
Peer Roboticspeerrobotics.aiin𝕏

Peer Robotics develops collaborative cobots for manufacturing environments, designed to work alongside human workers to automate repetitive tasks while enhancing productivity.

Advanced ManufacturingAI & Machine LearningHardwareRoboticsNew Haven, US

Rishabh Agarwal(Founder)in

Co-investorsAxilor VenturesConnecticut InnovationsDraper AssociatesSupermorpheusTechstars

Portlportl.co

Portl is an Indian fitness technology company that makes AI-powered smart mirror devices for strength training and personalized workouts at home.

AI & Machine LearningHardwareSports TechHyderabad, IN

Armaan Kandhari(Founder)

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Kalaari Capital made?
Kalaari Capital has 76 tracked investments, 1 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Kalaari Capital invest at?
Kalaari Capital invests at the Seed, Series A, Series B stages.
What is Kalaari Capital's typical check size?
Kalaari Capital typically writes checks of $800K – $25M.
What sectors does Kalaari Capital focus on?
Kalaari Capital focuses on Cleantech, Consumer, Data & Infrastructure, Deep Tech, E-commerce, EdTech, Energy, Enterprise Software, Fintech, Media & Entertainment, New Materials, SaaS, Space Tech.
Where is Kalaari Capital located?
Kalaari Capital is headquartered in Bengaluru, IN.
Does Kalaari Capital lead rounds?
Kalaari Capital typically participates in rounds rather than leading them.
Who does Kalaari Capital co-invest with?
Kalaari Capital most often shares deals with Capria Ventures, Advantedge Founders, Better Capital, among 80 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Investor Mindset in 30 Seconds 💸 | Rajesh Raju – Kalaari Capital

Golf & Beyond with Chetan · Rajesh Raju

Inside the Mind of Rajesh Raju MD Kalaari Capital Investor into Myntra, CultFit, Dream11 and more

Golf and Beyond Show · Rajesh Raju

TiE Summit: Sampath P Of Kalaari Capital Sheds Light On AI And The Outlook For India Story

ET NOW · Sampath P

Vani Kola || Founder and Managing Director of Kalaari Capital || #ytshorts #reel #shorts

real.talks10 · Vani Kola

PART 1 | Five powerful entrepreneurship lessons from Kalaari Capital's Vani Kola | Pathbreakers

Forbes India · Vani Kola

Images

Kalaari Capital photo

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