Fundraising Fox
Merak Ventures
Venture capitalNew Delhi · Pre-Seed–Series A · 7 people tracked
Find your way into Merak Ventures
1,108 people in our graph share verified history with the Merak Ventures team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Merak Ventures invests in seed-stage B2B and emerging-technology startups tackling meaningful problems with the potential for large-scale impact. It focuses on very early companies at the idea, prototype, or proof-of-concept phase, and is comfortable investing pre-revenue. Typical first cheques range from USD 0.5-1.5 million, with a sweet spot around USD 1 million, and follow-on investment of up to USD 5 million in later rounds. The firm is largely sector-agnostic within B2B and avoids B2C. Its mandate is strictly India-centric, requiring companies to have essential operations or strong ties to India, since it invests only in geographies it understands well.
Source: firm website, verified Aug 3, 2026.
Team · 7 people
from public directories
What they invest in
from 20 of 29 portfolio companiesAI & Machine Learning ×10SaaS ×6Advanced Manufacturing ×4Enterprise Software ×4Cleantech ×3Deep Tech ×3E-commerce ×3Hardware ×3
HQs:India×12United States×2
Who they back
founder profiles across 17 portfolio companiesFounding team size:solo founder×52 founders×93 founders×24+ founders×1
Where their founders studiedfrom 22 founders with education data
Birla Institute of Technology and Science, Pilani ×3Kendriya Vidyalaya ×3CFA Institute ×2Indian Institute of Management, Calcutta ×2Indian Institute of Technology (Banaras Hindu University), Varanasi ×2The Institute of Chartered Accountants of India ×2
What their founders studiedfrom 22 founders with field-of-study data
Engineering ×9Computer Science ×5Finance & Accounting ×5Business & Management ×4Economics ×2
Where their founders worked beforefrom 24 founders with career history
ICICI Bank ×2LightSpeedAI Labs ×2
Accelerator rootsportfolio companies that came through a program
2 founders hold a PhD · 5 hold an MBA (of 23 with degree data)
Investments · 29 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 32024 · 52023 · 12022 · 313 dated
NeoSapien makes Neo 1, an AI-native wearable pendant that records and transcribes conversations and meetings, generates summaries, extracts to-dos and reminders, and stores them as searchable memories accessible through an app and other AI chat tools.
AI & Machine LearningConsumerHardwareBengaluru, IN
Dhananjay Yadav(Co-founder)inAryan Yadav(Co-founder)in
Co-investorsAnupam Mittal
4baseCare delivers personalized cancer care using genomic data, AI analytics, and clinico-genomic datasets tailored to different populations.
AI & Machine LearningBiotechDigital HealthHealthtechMedical Devices
Hitesh Goswami(Founder/CEO)inKshitij Rishi(COO)inPuneet Pantane(CDO)inDr. Giridharan Periyasamy
Co-investorsFirst In VenturesgrowX VenturesMount Judi VenturesSeason Two VenturesYali Capital
AbleCredit provides AI-based credit risk software for lenders' risk teams, generating proprietary risk signals, Vision AI-based in-field fraud detection, and automated post-disbursal Loan Utilisation Checks and Early Warning Signals.
AI & Machine LearningFintechSaaS
Co-investorsNSRCELVenture Catalysts
Arta provides commerce technology and services for the art, luxury, and collectibles market, handling insured shipping and transactions globally.
B2B MarketplacesE-commerceLogistics & Supply ChainSaaSLondon, New York
Co-investorsCorazon CapitalMu VenturesV1 VCAtlantic Vantage PointB Capital GroupCoatue Management+6 more
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A specialty chemicals manufacturer serving the pharmaceutical, agrochemical, personal care, and flavor and fragrance industries with intermediate compounds and active ingredients.
Advanced ManufacturingAgTechNew Materials
Lakshit Bansal(Founder)inSiddharth Gupta(Founder)in
Co-investorsUpsparks Capital
Bellatrix Aerospace develops and manufactures advanced propulsion systems for satellite deployment and orbital missions.
Deep TechHardwareSpace Tech
Rohan M Ganapathy(Founder)in
Co-investorsCactus Venture PartnersFirst ChequegrowX VenturesInflexor VenturesPavestone
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-investorsIIMA VenturesCapital-AEndiya PartnersgrowX 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
Gokul N A(Founder)in
Co-investorsAnicut CapitalAthera Venture PartnersgrowX VenturesIIMA VenturesPavestoneRedstart Labs+1 more
Farmtheory connects restaurants with fresh vegetables from Indian farms that don't meet cosmetic standards for retail sale, establishing a direct supply chain for produce that would otherwise go unsold.
Enterprise SoftwareLogistics & Supply ChainMarketplacesBengaluru, IN
Arpit Agarwal(Founder)inSakshi Agarwal(Founder)in
Co-investorsSupermorpheusY Combinator
Helium is an AI-powered personalization platform for ecommerce and DTC brands that captures visitor, product, and session intelligence to adapt storefronts, recommendations, merchandising, and retargeting in real time.
AI & Machine LearningE-commerceMarketing Tech
Sidharth Sahni(Founder)in
Co-investorsAndreessen HorowitzIndia Quotient
iDO Devices designs hardware and software for feature phones, offering modern aesthetics combined with affordability and accessibility for users in emerging markets, particularly India.
Advanced ManufacturingConsumerHardwareIoTNoida, IN
Shalabh Srivastava(Founder and CEO)Ashita Gupta(Founder and CBO)in
Lemnisk is a composable customer data platform that helps enterprises unify customer information, generate predictive insights, and orchestrate personalized experiences across multiple channels using AI and LLM capabilities.
AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing Tech
Subra(Founder & CEO)Rinku(Co-founder)Praveen(Co-founder)
Co-investorsAthera Venture PartnersArtha Venture FundgrowX Ventures
LightSpeed Photonics builds modular optoelectronic processors and optical interconnects aimed at bandwidth-intensive computing workloads.
Advanced ManufacturingDeep TechMedia & EntertainmentBangalore, IN
Rohin Yelurpati(CEO)inDinesh Natesan(Cofounder)inRohin Kumar
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Co-investors500 GlobalEntrepreneur FirstApplied VenturesgrowX Venturespi VenturesYourNest Venture Capital
Helping co-operative banks digitise banking capabilities
Co-investorsgrowX VenturesSprint Vc
Pixxel builds hyperspectral satellite systems and software to monitor Earth's ecosystems, resources, and atmosphere for environmental management and climate action.
AgTechAI & Machine LearningCleantechClimate TechData & InfrastructureDeep TechSpace TechPalo Alto, US
Awais Ahmed(Founder)inKshitij Khandelwal(Founder)in
Co-investorsAditya Birla VenturesAthera Venture PartnersGlade Brook Capital PartnersgrowX VenturesInventus Capital PartnersLightspeed Venture Partners+13 more
Fintech NBFC providing embedded financing to retailers.
Pallavi Shrivastava(Founder)in
Co-investors9Unicorns Accelerator FundCreation Investments Capital ManagementGemba Capital Venture PartnersgrowX VenturesPeak XV PartnersWhiteboard Capital+1 more
Rupyz is a SaaS platform for distribution-led B2B businesses that provides a white-labeled B2B e-commerce storefront, field sales CRM app, and order-to-dispatch order management.
E-commerceLogistics & Supply ChainSaaSSales TechGurgaon, IN
Gourav Gupta(Co-Founder & COO)inDhaval Radia(Founder & CEO)inPalash Lunia(Co-Founder & CFO)inAkshay Gupta(Co-Founder & CBO)inAlok Singh(Co-Founder & CTO)Pawan Kumar(Co-Founder & Product Head)
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 TechAhmedabad, IN
Shravan Bhati(Founder)in
Co-investorsIIMA VenturesUnicorn India Ventures
UNICEL Greens recovers precious materials from spent lithium-ion batteries through hydrometallurgical and mechanical recycling processes, serving individuals, businesses, and municipalities.
Circular EconomyCleantechEnergy
Wellthy Therapeutics develops digital therapeutics and clinical decision support tools for pharmaceutical and life science partners to address treatment adherence, patient outcomes, and eligibility challenges in complex clinical conditions and rare diseases.
AI & Machine LearningBiotechDigital HealthHealthtechSaaSIndia, IN
Abhishek Shah(Co-Founder & CEO)inPrayat Shah(Co-Founder & VP - Enterprise Partnerships)in
Co-investorsSaama Capital
AdvantageClub.ai is an AI-powered employee rewards platform offering a marketplace of 10,000+ global and locally curated brands across shopping, dining, travel, wellness, and experiences.
AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaS
Sourabh Deorah(Co-Founder & CEO)Smiti Bhatt Deorah(Co-Founder & COO)
Zuddl provides a unified platform for organizing and running webinars and events across virtual, hybrid, and in-person formats.
Enterprise SoftwareMarketing TechSaaSSan Francisco, US
Bharath Varma(Founder)inVedha Sayyaparaju(Founder)in
Co-investorsAlpha Wave GlobalQualcomm VenturesY CombinatorEveninggrowX VenturesLVX Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CosmofeedLinkedcynlr SinMeddoMedpayRacenergy
Exits · 1
1 acquisitionsLemniskacq. by Affle
Portfolio news
latest coverage across their companiesProgcap · trysignalbase.com · Feb 17, 2026
Lemnisk · lemnisk.co · Nov 4, 2025
Satleo · satleolabs.com · May 14, 2025
Frequently asked questions
- How many investments has Merak Ventures made?
- Merak Ventures has 29 tracked investments, 1 of which have exited, including 4 dated in the last 24 months.
- What stage does Merak Ventures invest at?
- Merak Ventures invests at the Pre-Seed, Seed, Series A stages.
- What is Merak Ventures's typical check size?
- Merak Ventures typically writes checks of $500K – $1.5M.
- What sectors does Merak Ventures focus on?
- Merak Ventures focuses on Biotech, Deep Tech, Enterprise Software, Fintech, FoodTech, New Materials, SaaS, Sector Agnostic.
- Where is Merak Ventures located?
- Merak Ventures is headquartered in New Delhi, IN.
- Does Merak Ventures lead rounds?
- Merak Ventures typically participates in rounds rather than leading them.
- Who does Merak Ventures co-invest with?
- Merak Ventures most often shares deals with growX Ventures, Athera Venture Partners, IIMA Ventures, among 37 tracked co-investors.
Media · Podcasts & interviews
featuring the teamManu Rikhye, Partner, Merak Ventures
BioSpectrum India · Manu Rikhye
Co-investors · 21
GV (Google Ventures) is a venture capital firm that has invested in AI and machine learning since its early days, backing more than 100 AI companies across infrastructure, life sciences, and applications.
Techstars is a global startup accelerator and early-stage investor that funds and mentors ambitious founders, providing $220K in capital, a three-month program, and access to a worldwide network of mentors, investors, and corporate partners.
Coatue Management is a technology-focused investment firm that invests in innovation across both public and private markets with responsible risk management.
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Ribbit Capital is a venture firm that partners with founders challenging incumbents across areas such as AI, global commerce, infrastructure, wealth management, money movement, identity, data, and energy, with a strong emphasis on brand-building.
Coinbase Ventures is the investment arm of Coinbase, backing founders building across the crypto and Web3 ecosystem in support of Coinbase's mission of expanding economic freedom.
Qualcomm Ventures is the corporate venture investment arm associated with Qualcomm, backing technology companies from early to growth stage across multiple sectors.
Peak XV Partners is a multi-stage venture capital firm investing across seed, venture, growth and later stages, backing companies across borders in India, Southeast Asia and beyond. It also runs the Surge program.
Blume Ventures is a seed and pre-Series A investment firm headquartered in Mumbai that focuses on early-stage companies in India.
Inventus Capital Partners is an early-stage venture firm that leads seed rounds for Silicon Valley startups and supports them toward Series A milestones.
Lightspeed India focuses on solving India-specific problems rather than copying U.S. or China playbooks, invests mostly at the seed and Series A stage but can offer much larger follow-on funding through its global platform, and writes checks from about $1 million to $100 million across India and Southeast Asia using the same fund. The firm also provides dedicated in-house support in areas like talent, leadership, and M&A, has added experienced operators such as former Boat CEO Vivek Gambhir and Gojek cofounder Kevin Aluwi as venture partners, prefers secondary share sales over IPOs as its main way of returning capital, and sees India's biggest AI opportunity in application-layer tools and upgrading IT and BPO work rather than building foundational AI infrastructure.
Fractal GP is a venture capital firm focused on backing mission-driven founders building technology-enabled businesses addressing opportunities in India.
▶9 more co-investors
Season Two VenturesUberInnovation EndeavorsSherpalo VenturesStripeVenture Catalysts | India's First Integrated IncubatorBerkeley Angel NetworkKaedan CapitalAudacity Venture Capital
Firms observed investing alongside Merak Ventures, from public investor directories. Shared companies are the overlap with Merak Ventures's recorded portfolio.
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