Astarc Ventures

Astarc Ventures is the corporate venture capital arm of Astarc Group, based in Mumbai, India. Founded in 2015, it focuses on early-stage technology companies and seeks to help startups scale into market leaders. The firm supports ventures across India, Israel, the United States and the United Kingdom, targeting sectors such as artificial intelligence, machine learning, internet of things, fintech, B2B software as a service, climate change and environmental protection, and consumer brands.

Salil Musale

Executive Director

48 past transactions

Zypp Electric

Series C in 2024
Zypp Electric is a company focused on transforming last-mile delivery through its electric vehicle (EV) solutions, primarily utilizing e-scooters. It operates an app that facilitates the delivery of goods across various sectors, including e-commerce, grocery, medicine, and food, promoting a shift to electric transportation to reduce emissions. By offering a dockless e-scooter sharing service, Zypp enables users to locate and access vehicles easily, enhancing convenience and affordability for deliveries. The company's commitment to sustainability has positioned it as a pioneer in the EV logistics sector, achieving EBITDA-positive status through its innovative approach to decarbonizing transportation and making last-mile delivery more efficient.

Pixis

Series C in 2023
Pixis provides a codeless AI infrastructure platform that helps brands monitor and orchestrate marketing campaigns. The company develops proprietary AI models deployed across an ecosystem of products and plugins to scale data-driven marketing. Its solutions support growth marketing with capabilities for targeting, in-flight performance optimization, and generative AI, delivering plug-and-play tools for marketers without writing code.

Purple Style Labs

Series C in 2023
Purple Style Labs Private Limited is a luxury fashion house based in Mumbai, India, established in 2015. The company operates two multi-designer platforms, Pernia's Pop-Up Shop and The Stylist, which provide a curated selection of Indian designer wear. It specializes in offering personal shopping and styling solutions tailored to individual preferences and personalities, catering to diverse customer segments, including men, women, teens, and children. In addition to its extensive range of clothing, accessories, footwear, and jewelry, Purple Style Labs offers various styling appointment and subscription plans, as well as online shopping assistance and wedding styling services globally. The company's mission is to create a memorable shopping experience while promoting the growth of Indian brands and designers.

DataLoop

Series B in 2022
Founded in 2017, DataLoop specializes in developing artificial intelligence products for data automation. It provides visual recognition solutions and data annotation services, streamlining the process of preparing visual data for machine learning.

Lucidity

Seed Round in 2022
Lucidity is a multi-cloud storage management platform that optimizes storage across AWS, Azure, and Google Cloud. The platform automates cloud infrastructure management, integrates with multiple systems, and adjusts block storage in real time without downtime to ensure efficient resource allocation based on data requirements. It helps enterprises lower cloud costs up to 70%, while maintaining operational continuity and improving application performance through steady, predictable storage performance at low cost.

Koovers

Seed Round in 2022
Koovers is a car service platform that specializes in delivering a comprehensive range of car spares, catering to various brands from Maruti to Mercedes. Recognizing that many independent workshops operate as small garages without dedicated procurement resources, Koovers simplifies the procurement process. Workshops can easily submit their spare part requirements through the Koovers DMS, which facilitates quick and efficient delivery of the requested parts based on predefined turnaround times and the workshop's location. Additionally, Koovers provides car owners with tools to find service centers, obtain online estimates, track maintenance progress, and access their service history, thus enhancing the overall vehicle maintenance experience.

Melorra

Series D in 2022
Melorra is a contemporary jewelry brand that specializes in designing and retailing affordable, trendy jewelry intended for everyday wear. Established in 2016 and headquartered in Bengaluru, Karnataka, the company utilizes advanced 3D printing technology to create pieces that offer precision and elegance. Melorra's collections are crafted to align with global fashion trends and cater to various occasions, including casual outings, work environments, and parties. The brand's focus is on producing light, stylish jewelry that complements modern wardrobes, making it accessible for customers seeking fashionable accessories without a hefty price tag.

Spyne

Series A in 2022
Spyne, founded in 2018 by Sanjay Kumar and Deepti Prasad and headquartered in Gurgaon, is a Deep Tech startup focused on revolutionizing the production of high-quality product images and videos for businesses and marketplaces through artificial intelligence. The company has developed a unique AI platform that automates image processing workflows, allowing businesses to create stunning catalogs without the need for physical studios, thus achieving up to 40% better conversion rates. Spyne's technology enables users to shoot, edit, and publish product visuals at a fraction of the cost and time. With a team of over 100 employees, Spyne serves more than 80 clients, including major players like Amazon India and Flipkart, across various sectors such as automotive, food, and retail in over 15 countries. The company has recently launched Spyne AI – Cars, aimed at the automotive industry, and plans to extend its innovative solutions to e-commerce, fashion, and real estate. Additionally, Spyne is exploring advancements in augmented and virtual reality technologies to develop products for the Metaverse and Omniverse.

Freight Tiger

Venture Round in 2021
Freight Tiger is a developer of a digital freight network aimed at simplifying and enhancing the logistics supply chain for individual workers. The company's software integrates location intelligence with management and fulfillment visibility, streamlining freight transactions and payments in a centralized platform. This enables logistics service providers and transportation companies to optimize truck utilization and improve payment cycles, thus enhancing operational efficiency. By focusing on transparency and ease of use, Freight Tiger aims to transform freight transactions, making them more straightforward and efficient for all stakeholders in the logistics industry.

The Money Club

Seed Round in 2021
The Money Club is a mobile platform facilitating peer-to-peer chit funds. Users apply, undergo verification, then form groups ('Money Clubs') with other verified users for collective savings and loans at better rates than banks.

Coutloot

Series A in 2021
Coutloot is a mobile-first C2C (Consumer-to-Consumer) platform enabling first-time online sellers in India. It connects offline shops, vendors, and individuals directly with buyers nationwide, facilitating real-time bargaining and instant listing of products.

Tune AI

Seed Round in 2021
GenAI stack for enterprises to build their custom models

CredR

Venture Round in 2021
CredR is an Indian online platform specializing in the trade of verified and certified pre-owned two-wheeler vehicles. It employs dynamic pricing algorithms and offers after-sales services, aiming to streamline the buying and selling process for users.

Chingari

Corporate Round in 2021
Chingari is a short-form video platform that enables users to create, edit, browse, and share videos. It offers video search, editing tools, browsing, and instant sharing to social networks, enabling creators to showcase talent and creativity through audio clips, stickers, and photos. Accessible on Android devices, the platform connects Indian creators with audiences, with revenue primarily generated through in-app advertising.

Railofy

Seed Round in 2020
Railofy is an Indian travel platform that focuses on rail travel, offering train ticket booking, PNR status updates, and IRCTC enquiry services. It provides a travel guarantee for waitlisted and RAC passengers at a nominal fee, pairing rail tickets with flight options at prices aligned with Tatkal fares. The service also includes food delivery and helps travelers access the airport nearest their destination station, providing an affordable, integrated backup option for rail itineraries.

Aayu by MedCords

Series A in 2020
Aayu, a service by MedCords, is focused on enhancing healthcare access for underserved populations in India, particularly outside the top 15 cities. It aims to modernize the fragmented network of approximately 100,000 retail medical stores that serve 1.4 billion Indians and represent a significant portion of the domestic retail pharmaceutical market. Aayu provides a range of services, including the delivery of medicines within two hours, teleconsultations with over 5,000 specialist doctors across numerous specialties, and the ability to conduct over 160 lab tests from home. Users can also securely share their medical data and opt for the Aayu Card, which offers discounted yearly health subscriptions for family consultations. With a growing network of over 25,000 retail chemist stores and 2 million users, Aayu is positioned to be a key player in the digital transformation of healthcare in India, facilitating access to new-age healthcare brands and improving overall service delivery.

Purple Style Labs

Venture Round in 2020
Purple Style Labs Private Limited is a luxury fashion house based in Mumbai, India, established in 2015. The company operates two multi-designer platforms, Pernia's Pop-Up Shop and The Stylist, which provide a curated selection of Indian designer wear. It specializes in offering personal shopping and styling solutions tailored to individual preferences and personalities, catering to diverse customer segments, including men, women, teens, and children. In addition to its extensive range of clothing, accessories, footwear, and jewelry, Purple Style Labs offers various styling appointment and subscription plans, as well as online shopping assistance and wedding styling services globally. The company's mission is to create a memorable shopping experience while promoting the growth of Indian brands and designers.

AdOnMo

Seed Round in 2020
AdOnMo is a company that specializes in digital out-of-home (OOH) advertising, focusing on democratizing the advertising industry. By utilizing Hyperlocal Intelligence and patented technology, AdOnMo enables businesses to deliver targeted advertisements in relevant localities. The company offers contextually targeted advertising solutions with customizable packages and real-time analytics, making it accessible for small and medium-sized enterprises to engage in effective advertising. Through its innovative approach, AdOnMo aims to provide affordable and impactful advertising options, helping businesses reach their desired audience more efficiently.

School of Accelerated Learning

Seed Round in 2019
SOAL is a student-first learning and education venture that focuses on quality tech education. Built on the principles of constructivism and apprenticeship, it nurtures a disruptive mindset by developing cognition, creativity, communication, collaboration and citizenship through its flagship, Technology Exponent Program. Our brick & mortar learning spaces are catalyzed by our proprietary behaviour engineering tech platform - Delta, through which we want to democratize student motivation, cross-pollinate knowledge and provide a platform for collective feedback. Delta is created to meet the leadership needs of the global tech industry as well as nurture creators who can start tech-powered movements for the 21st century and solve real-world problems. SOAL is also aimed at meeting the pressing need of the Indian education landscape which is stuck in a rut of rote learning to mass-produce degree-holders with a limited understanding of their chosen fields. The driving thought behind School Of Accelerating Learning is that people with a growth mindset can create a larger impact than those with a fixed mindset. As access to information gets easier, understanding the context and usage of knowledge and creating new systems and ideas, will be far more relevant than just memorizing/regurgitating tidbits of it. Keeping in mind this need of the future, the most important skill that students will gain from SOAL will be learning how to learn and create.

Juno

Seed Round in 2019
Juno is a cross-border banking platform that aims to give users across the world a high-yield account to grow their savings. Going live in the US, 2Juno is taking a radical approach towards creating an open and global banking system for everyone, regardless of their location or income. Juno was founded in 2019 and is headquartered in Singapore.

Jai Kisan

Seed Round in 2019
Jai Kisan is a fintech platform focused on providing sustainable financing solutions for rural emerging markets. The company enables farmers to gain insights into their financial status through an innovative, hyper-localized agriculture credit score, which digitizes their financial information and farming capabilities. By facilitating loans with low interest rates and minimal paperwork, Jai Kisan aims to mitigate the risks associated with capital flow to these markets. The platform operates through a network of physical access points, allowing clients to easily access affordable loans while generating risk-adjusted returns for lenders. This approach supports the financial empowerment of rural communities and enhances their access to necessary resources.

HomeCapital

Venture Round in 2019
HomeCapital is a technology company that helps people purchase their first home by providing down payment assistance at zero interest. The service is designed to remove the barrier of upfront costs and increase the likelihood that first‑time buyers can close on a home.

Rapido

Series A in 2019
Rapido is an Indian mobility platform that facilitates bike taxi bookings via its mobile app. Launched in 2015, the company aims to reduce traffic congestion and carbon emissions by connecting individuals traveling in similar directions. It offers economical intra-city travel options, including two-, three-, and four-wheeler rides.

Cashcow.ai

Seed Round in 2019
Cashcow is a financial platform that offers a comprehensive range of banking solutions from over 50 banks, catering to various financial needs such as home loans, personal loans, business loans, loan against property, balance transfers, and credit cards. The platform utilizes artificial intelligence and a search engine to match users with financial products that align with their individual monetary circumstances and goals. By providing access to certified financial advisors, Cashcow aims to guide users through their financial journeys, ultimately enhancing their financial well-being.

Space Capital

Venture Round in 2019
Space Capital is a venture capital firm based in New York, founded in 2012. The firm specializes in investing in the space economy, with a focus on technologies related to global positioning systems, geospatial intelligence, and communications. By targeting companies that operate within these sectors, Space Capital aims to unlock the value inherent in space technology stacks. As a Registered Investment Adviser, the firm is committed to fostering innovation in the rapidly evolving space industry.

AdOnMo

Venture Round in 2019
AdOnMo is a company that specializes in digital out-of-home (OOH) advertising, focusing on democratizing the advertising industry. By utilizing Hyperlocal Intelligence and patented technology, AdOnMo enables businesses to deliver targeted advertisements in relevant localities. The company offers contextually targeted advertising solutions with customizable packages and real-time analytics, making it accessible for small and medium-sized enterprises to engage in effective advertising. Through its innovative approach, AdOnMo aims to provide affordable and impactful advertising options, helping businesses reach their desired audience more efficiently.

Findmeashoe

Venture Round in 2019
Findmeashoe is a footwear recommendation portal that enhances the shopping experience for footwear consumers. The company utilizes a proprietary algorithm to help users quickly identify the right fitting shoes. Consumers begin by creating a digital foot profile, which serves as a one-time setup. Once registered, they can access a fitting service on the Findmeashoe website and through partnering retailers, enabling them to try on various footwear models virtually. The application also incorporates advanced image processing and 3D scanning technology, allowing users to receive personalized fit, health, and style recommendations tailored to their specific needs. This innovative approach aims to streamline the footwear shopping process, making it more efficient and user-friendly.

SureClaim

Venture Round in 2019
SureClaim is a claim advisory service that focuses on assisting customers with health insurance claims during medical emergencies. The company offers an easy, secure, and transparent approach to navigating the complexities of health insurance claims. By providing step-by-step guidance, SureClaim helps customers resolve queries with insurers and identify the necessary documentation for their claims. The service aims to streamline the process of online claim preparation and filing, enabling customers to settle their claims more efficiently and effectively.

Unitus Ventures

Venture Round in 2019
Unitus Ventures is a Bangalore-based venture capital firm focusing on impact investing in India. It funds early-stage and seed startups across healthcare, education, fintech, consumer services, agriculture, and business-to-business technology, with an emphasis on solutions that benefit the base of the pyramid. The firm pursues minority stakes and typically makes initial equity investments in the range of 0.05 to 0.45 million USD, with total rounds up to about 0.325 million USD, and may participate in follow-on rounds. It seeks pan-India opportunities and avoids pure debt instruments or capital-intensive ventures. It operates with additional offices in Seattle and Port Louis and was founded in 2012 as the venture capital arm of Unitus Labs. In 2023 it was acquired by Capria Ventures.

Khidki

Seed Round in 2018
Khidki is a vernacular social network where user can create an consume content in their local language mostly related to their town. They can as well connect with other people based on language, interest and town.

ION Energy

Venture Round in 2018
ION Energy, Inc. is a manufacturer of energy storage systems based in Bayside, New York. The company produces batteries designed for scooters and homes, along with battery management systems that enhance the performance and reliability of these energy solutions. ION Energy also offers a battery analytics and diagnostic platform known as RIFT, which utilizes advanced analytics and artificial intelligence to support electric vehicle and energy storage providers. This technology enables organizations to make informed decisions quickly, providing them with the flexibility to either deploy ready-to-use battery management systems or develop custom solutions tailored to their specific needs. ION Energy has positioned itself as a key partner for original equipment manufacturers and battery pack manufacturers seeking innovative battery technology.

9stacks

Series A in 2018
9stacks is an Indian online gaming startup that specializes in poker games. Founded in 2017 by Sudhir Kamath, Pratik Kumar, and Rishab Mathur in Delhi, 9stacks provides a secure platform that emphasizes user safety and transparency. The website features various poker offerings, including a loyalty program, cash withdrawal options through bank accounts and reputable payment gateways, and an easy-to-use interface. Users can enjoy password-protected tables for private games with friends, as well as free entry tables and tournaments. The platform aims to deliver a seamless gaming experience by integrating reliable payment methods and maintaining clear tax deduction policies.

Purple Style Labs

Venture Round in 2018
Purple Style Labs Private Limited is a luxury fashion house based in Mumbai, India, established in 2015. The company operates two multi-designer platforms, Pernia's Pop-Up Shop and The Stylist, which provide a curated selection of Indian designer wear. It specializes in offering personal shopping and styling solutions tailored to individual preferences and personalities, catering to diverse customer segments, including men, women, teens, and children. In addition to its extensive range of clothing, accessories, footwear, and jewelry, Purple Style Labs offers various styling appointment and subscription plans, as well as online shopping assistance and wedding styling services globally. The company's mission is to create a memorable shopping experience while promoting the growth of Indian brands and designers.

Infinite Analytics

Venture Round in 2018
Infinite Analytics, Inc. is a technology company that specializes in providing a personalization platform for ecommerce organizations globally. Founded in 2012 and headquartered in Cambridge, Massachusetts, with an additional office in Mumbai, India, the company offers a suite of tools that enhance the online shopping experience. Its flagship products include Infinite Enrich, which transforms raw product data into actionable insights, Infinite Search, which delivers personalized search results to improve product discovery, and Infinite Recommend, which tailors purchase suggestions based on individual visitor preferences using various recommendation widgets. Additionally, Infinite Analytics has developed an AI-driven platform called Sherlock, designed to facilitate consumer insights and streamline the analysis of consumer behavior for businesses of all sizes. By employing machine learning technologies, the company aids clients in optimizing their customer acquisition strategies, ultimately enhancing conversion rates while minimizing costs.

Rapido

Venture Round in 2017
Rapido is an Indian mobility platform that facilitates bike taxi bookings via its mobile app. Launched in 2015, the company aims to reduce traffic congestion and carbon emissions by connecting individuals traveling in similar directions. It offers economical intra-city travel options, including two-, three-, and four-wheeler rides.

Liv.ai

Seed Round in 2017
Liv.ai is a technology company specializing in the development of audio transcription APIs that enhance communication for businesses. By leveraging advanced speech recognition and deep learning algorithms, the company creates solutions capable of accurately recognizing Indian languages with minimal latency. This allows businesses to analyze customer interactions effectively and provide interactive voice responses, streamlining processes that are often routine and time-consuming. Liv.ai's innovative products aim to transform everyday tasks, enabling individuals to focus on more meaningful and creative endeavors.

PharmEasy

Series B in 2017
PharmEasy is a health tech startup founded in 2015 by Dharmil Sheth, Mikhil Innani, and Dhaval Shah as a subsidiary of Ascent Health. The company operates an online platform that offers a range of healthcare services, including teleconsultation, medicine deliveries, and diagnostic test sample collections. By digitizing the pharmaceutical supply chain, PharmEasy connects patients with local pharmacies and diagnostic centers, facilitating access to essential medicines and healthcare products. This approach aims to make healthcare services more available, affordable, and accessible to patients.

RepUp

Venture Round in 2017
RepUp is a software company based in Gurugram, India, specializing in online reputation management for the hospitality industry. Founded in 2014, RepUp provides a comprehensive platform that aggregates customer reviews from various sources, enabling businesses to monitor their online presence and gain insights into customer sentiments. Its suite of tools includes features for collecting reviews, conducting surveys to enhance guest feedback, and offering competitive analysis through Area Intelligence. Additionally, RepUp facilitates issue resolution by allowing clients to raise tickets directly through the platform. The company also offers customizable widgets to integrate reviews and pricing information on client websites, enhancing their booking capabilities. By streamlining reputation management, RepUp empowers clients to understand customer feedback and take informed actions to improve their services.

Wooplr

Venture Round in 2016
Wooplr is a social commerce platform that enables individuals to launch their own online retail stores with minimal effort. It offers a catalog of over 50,000 products which can be added to the store and sold via social media platforms. The company handles tasks such as product sourcing, technology, payments, delivery, and customer care, allowing store owners to focus on sales. As of now, Wooplr supports over 80,000 stores, with average monthly earnings of Rs. 30,000 per store owner. Backed by investors including Helion Ventures, InMobi co-founders, and other industry veterans, Wooplr has raised $5 million in Series-A funding.

Rapido

Seed Round in 2016
Rapido is an Indian mobility platform that facilitates bike taxi bookings via its mobile app. Launched in 2015, the company aims to reduce traffic congestion and carbon emissions by connecting individuals traveling in similar directions. It offers economical intra-city travel options, including two-, three-, and four-wheeler rides.

PharmEasy

Series A in 2016
PharmEasy is a health tech startup founded in 2015 by Dharmil Sheth, Mikhil Innani, and Dhaval Shah as a subsidiary of Ascent Health. The company operates an online platform that offers a range of healthcare services, including teleconsultation, medicine deliveries, and diagnostic test sample collections. By digitizing the pharmaceutical supply chain, PharmEasy connects patients with local pharmacies and diagnostic centers, facilitating access to essential medicines and healthcare products. This approach aims to make healthcare services more available, affordable, and accessible to patients.

ABSENTIA

Seed Round in 2015
Absentia Virtual Reality Private Limited, founded in 2014 and based in Bengaluru, India, specializes in virtual reality technology through its flagship product, Tesseract. This innovative platform offers users immersive experiences by virtualizing three-dimensional models and environments for various applications, including games, movies, and videos. As virtual reality continues to evolve into a multi-billion dollar market globally, India is emerging as a significant player in this space, with potential applications extending beyond entertainment to sectors such as education, healthcare, real estate, architecture, and online shopping.

Xperium

Seed Round in 2015
Xperium is an online reputation management platform designed for the hospitality industry, specifically to assist hoteliers in navigating and interpreting online review data. The platform consolidates numerous reviews from various sources into a single dashboard, making it easier for hotel operators to analyze guest feedback. By utilizing semantic technology, Xperium generates insightful reports that enable hoteliers to make informed business decisions quickly. The platform addresses the entire guest experience across three critical phases: pre-stay, during stay, and post-stay. By enhancing the online reputation of hotels and brands, Xperium helps increase bookings and optimize service delivery, ultimately supporting hoteliers in improving their operational standards and pricing strategies.

Norah Ai

Seed Round in 2015
Building an autonomous, AI powered ecosystem for interactive content creation which would drive a self fueling marketplace for elements ranging from animations to full games.

TravelKhana

Series A in 2015
TravelKhana is a real time marketplace that allows railway passengers to order food online. It offers a variety of choices to a railway passenger so that the passengers can order food as per their liking and at their price point while they are travelling. The TravelKhana automated platform tracks trains in real time across India and ensures that fresh food is delivered to the passenger as per their choice in real time. It also helps vendors and restaurants in terms of effective and efficient fulfilment. Additionally it completes an entire fulfilment cycle right from the point of ordering to delivery, customer feedback, and reconciliation. Founded on 2012, TravelKhana currently operates in 25 cities and rapidly expanding across the railway network. It is headquartered in New Delhi, India.

JBR Interio

Venture Round in 2015
JBR Interio Technologies provides interior design solutions through its web platform.

Foyr

Seed Round in 2015
Foyr is a prominent cloud visualization software company that specializes in interior design and home decor solutions. The company has developed an online, automated platform that employs advanced technology, including 3D visualization and virtual reality, to address real-life design challenges. Foyr's innovative portal allows clients to create immersive 3D models of their spaces, providing them with a realistic experience of international home decor styles. By integrating real-time market intelligence with cutting-edge design tools, Foyr enables users to explore and implement sophisticated design concepts effectively.

Foyr

Seed Round in 2015
Foyr is a prominent cloud visualization software company that specializes in interior design and home decor solutions. The company has developed an online, automated platform that employs advanced technology, including 3D visualization and virtual reality, to address real-life design challenges. Foyr's innovative portal allows clients to create immersive 3D models of their spaces, providing them with a realistic experience of international home decor styles. By integrating real-time market intelligence with cutting-edge design tools, Foyr enables users to explore and implement sophisticated design concepts effectively.
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