IVY Growth Associates

IVY Growth Associates, founded in 2021 and based in Surat, India, operates as an angel investment network dedicated to supporting startups in various sectors. The firm focuses on raising funds for emerging businesses, particularly in fashion, travel, deep technology, energy and mobility, direct-to-consumer and logistics, education and health technology, agricultural technology, marketing, and gaming. By providing financial backing and resources, IVY Growth Associates aims to facilitate the growth and development of innovative companies across these diverse industries.

Prateek Tosniwal

Co-Founder

Mehul Shah

Co-Founder

51 past transactions

CricHeroes

Series B in 2024
CricHeroes is a digital platform designed for grassroots cricket enthusiasts, focusing on enhancing player engagement and experience within the cricket ecosystem. The company has developed a mobile application that offers a range of features, including live ball-to-ball scoring, match analysis, and the ability to follow teams and players. Users can create and manage their teams while accessing comprehensive information and leaderboards that track performance. Additionally, the platform facilitates content sharing, enabling users to connect and interact with others who share their passion for cricket. Through its innovative use of technology, CricHeroes aims to foster a vibrant community around the sport at the grassroots level.

Evify

Seed Round in 2024
Evify is a company dedicated to transforming the logistics sector in India by focusing on last-mile delivery solutions through electric vehicles. By leveraging cutting-edge technology, it aims to create a carbon-negative logistics ecosystem tailored for direct-to-consumer, fast-moving consumer goods, and e-commerce markets. Evify develops an electric fleet management system that encompasses a range of services, including fleet and driver management, route optimization, battery management, telematics, financing and loan management, as well as credit risk analysis. This comprehensive approach equips clients with valuable insights and access to charging stations, promoting a sustainable and cost-effective mode of transportation within the evolving landscape of electric vehicle logistics.

Proxgy

Seed Round in 2023
Proxgy is an innovative platform that provides an everywhere-as-a-service solution, leveraging a network of proprietary technology and human interactions to facilitate immersive real-time experiences. The company specializes in customizable Internet of Things (IoT)-based products that enable virtual presence and remote collaboration. Its offerings include smart wearables and safety products, designed to enhance workplace safety and productivity. By integrating interactive and immersive virtual reality capabilities, Proxgy allows users to engage in live experiences that prioritize safety, surveillance, and collaboration, making it an essential tool for modern work environments. The user-friendly application enables seamless access to these services, fostering a more efficient and connected workspace.

Navitas Solar

Venture Round in 2023
Manufacturer of solar modules intended to provide solar electric power. The company specializes in the production of mono and multi-crystalline solar photovoltaic (PV) modules and EPC systems to supply sustainable power, enabling consumers to utilize renewable sources of energy.

Sapio Analytics

Seed Round in 2023
Sapio Analytics is a technology-driven company that specializes in developing advanced analytics solutions to harness intelligence from complex data sets. The company is known for its innovative platform, Neural Ocean, which integrates citizen participation to collect data and utilizes advanced analytics to inform decision-making processes. This platform supports government institutions by creating a data- and AI-driven governance ecosystem that encompasses various sectors, including healthcare, intelligence, and urban administration. By leveraging cutting-edge technologies, Sapio Analytics aims to enhance policymaking and facilitate nation-building initiatives, such as job creation, skill development, and business growth, ultimately improving the quality of life for citizens.

Zypp Electric

Series B in 2023
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.

ALT Mobility

Pre Seed Round in 2023
ALT Mobility is an electric vehicle as a service (EVaaS) company specializing in the leasing of electric vehicles for intra-city logistics. The company offers a platform that enables businesses to access EVs on a rental and subscription basis, providing structured financial solutions to facilitate the electrification of commercial fleets. In addition to vehicle leasing, ALT Mobility’s services include vehicle tracking, battery status monitoring via mobile applications, and maintenance and insurance support, all aimed at making electric transportation more accessible and affordable for businesses engaged in urban delivery and logistics.

Bullspree

Seed Round in 2023
Bullspree is an experiential mobile application that simulates the stock market, allowing users to practice investing without the risk of losing real money. The platform offers a fantasy sports-style approach to stock trading, designed to democratize investment by gamifying the experience. Users can participate in various matches, choose investment trends, and develop their skills in the stock exchange environment. This innovative platform aims to provide a realistic investment experience while educating users about market dynamics and strategies.

JhaJi Store

Angel Round in 2023
Jhaji is an online store that specializes in selling authentic homemade pickles, rooted in the culinary traditions of Mithila. Founded by Kalpana and Uma Jha, the business aims to reconnect individuals who have moved away from the region with the traditional flavors of their homeland. Over a span of just four months, Jhaji has successfully sold pickles valued at over Rs. 16 lakhs to approximately 3,000 customers nationwide, garnering around 250 five-star reviews. The pickles are crafted using local, all-natural ingredients and spices sourced from small-scale farmers in Samastipur and Muzaffarpur, ensuring that they are free from artificial preservatives and colors. Jhaji is committed to social responsibility, employing primarily underprivileged women and men, significantly increasing their family incomes. Additionally, the business allocates 2% of its revenues to support girl child education, reinforcing its dedication to community upliftment and empowerment.

Wedlancer

Seed Round in 2023
Wedlancer is an online platform that allows wedding photography owners to hire freelance photographers for upcoming projects.

Nicoya

Seed Round in 2023
Nicoya is an AI-driven influencer marketing platform that connects brands with top Instagram influencers in India.

AdKrity

Seed Round in 2023
AdKrity is a digital advertising platform that leverages artificial intelligence to streamline marketing campaigns for Indian micro, small, and medium enterprises (MSMEs). The platform automates the process of creating, designing, targeting, and optimizing ad campaigns, enabling businesses to reach potential customers across multiple social media platforms. It also provides customer relationship management and reporting tools to track leads, helping businesses enhance their social media marketing efforts and automate their advertising journey.

Viosa

Seed Round in 2023
VIOSA is an AI-enabled integrated platform that empowers freshers & Job seekers with JOB READY Skills and assists Corporates with Competency identified, professionally coached ready to hire talent pool India’s first unified EdTech platform providing Sectoral competency-based learning modules that are integrated with AI-Powered Products/services 1. AI-enabled Sectoral Competency Assessment Module 2. Professional competency Coaching 3. AI-Powered Automated Resume Builder 4. AI-Powered MOCK Interview Simulation 5. Automated Job Application 6. Professional Profile Coaching 7. Digital Profile Creation

ExperientialEtc

Seed Round in 2022
ExperientialEtc is a dynamic activation agency that has been transforming traditional marketing practices by incorporating advanced technologies to craft engaging experiences. Established four years ago, the agency specializes in creating immersive brand activations that blend physical and digital elements, utilizing innovations such as holograms, augmented reality, mixed reality, and interactive games. With a portfolio that includes over 120 brands, ExperientialEtc stands out for its ability to deliver captivating experiences that enhance brand recall and customer engagement. The agency's focus on integrating cutting-edge technology into its activations allows it to create memorable and impactful advertising experiences that resonate with audiences and redefine the landscape of brand marketing.

Livofy (Previously Keto India)

Seed Round in 2022
Livofy is one of India’s largest Healthcare companies that helps clients better manage their weight loss, PCOS, diabetes, thyroid and Hypertension through a personalized diet protocol. At Livofy, we provide Personalized Care Protocols, Dietary Protocol Recommendation and Lifestyle Changes. We have worked with over 10,000 happy clients in 16 states in India and 25 countries across the globe!

EMotorad

Seed Round in 2022
EMotorad is an electric vehicle company focused on providing high-quality electric bicycles at affordable prices for a variety of users, including adventure seekers, daily commuters, and casual riders. The company's bicycles are designed to be lightweight and feature fat tires along with dual suspension technology, offering a comfortable and efficient riding experience. EMotorad emphasizes convenience with removable batteries, making it easier for users to charge and maintain their bikes. By promoting sustainable mobility alternatives, EMotorad aims to contribute to the global effort towards achieving net-zero emissions while ensuring that cycling remains enjoyable and accessible in urban environments.

BodhiAI

Angel Round in 2022
Bodhi AI is an innovative online learning platform that leverages artificial intelligence to provide personalized tutoring and score improvement solutions for students. The platform addresses the challenges of generalized learning by tailoring educational content to meet the unique needs of each student, recognizing that every learner has distinct skill sets. In addition, Bodhi AI assists students in creating effective study plans, which are customized based on individual performance and activities, thereby enhancing their exam preparation strategies. To combat the common perception of studying as a tedious task, the platform breaks down learning objectives into manageable, achievable goals, making the process engaging and enjoyable. By understanding and adapting to students' learning patterns, Bodhi AI not only supports their academic growth but also empowers educators to expand their reach and connect with more learners.

Navitas Alpha Renewables

Seed Round in 2022
Navitas Alpha Renewables is a manufacturer and supplier focused on the solar module industry. The company produces solar modules designed to deliver optimal energy efficiency while minimizing after-care requirements. In addition to its manufacturing capabilities, Navitas Alpha Renewables provides advanced machinery and expertise for the production processes, ensuring just-in-time delivery of essential raw materials. This approach allows solar module manufacturers to maintain low inventory costs and guarantees the timely availability of high-quality components, thereby supporting the overall efficiency and reliability of solar energy production.

Bummer

Seed Round in 2022
Bummer is an innerwear brand focused on appealing to millennials by promoting comfort, confidence, and well-being. The company offers a diverse selection of modern essential wear characterized by sustainable and eco-friendly practices. Its products are distinguished by quirky designs and vivid colors, primarily made from modal fabric, which aims to enhance the innerwear experience. Bummer seeks to blend style and functionality, ensuring that its offerings resonate with the values and preferences of today's consumers.

Trainman

Seed Round in 2022
Trainman is a railway ticket booking and information platform designed to simplify train travel for its users. The company offers a comprehensive online service for booking IRCTC train tickets, making it a convenient one-stop solution for travelers. Trainman provides essential features such as seat availability status, PNR status, live train updates, coach position, and a fare calculator. By addressing various travel-related inquiries in real-time, Trainman aims to enhance the overall experience of train journeys, ensuring that users can navigate their travel needs efficiently.

Indeanta Mobility

Seed Round in 2022
Indeanta Mobility is a transportation service provider that provides electric vehicle charging and ride-sharing services.

Revamp Moto

Pre Seed Round in 2022
Revamp Moto is a manufacturer of electric bikes designed on modular utility platforms aimed at facilitating the transition to a zero-emission society. The company focuses on providing affordable and environmentally friendly electric bikes that feature battery-swapping capabilities and various customizable adjustments. This innovative approach enables small vendors and e-commerce businesses to efficiently deliver and sell their products while maintaining a reasonable budget. Revamp Moto’s commitment to connectivity and reliability makes its electric bikes adaptable to various user needs, contributing to a sustainable transportation ecosystem.

ZappFresh

Seed Round in 2022
ZappFresh is an online platform that specializes in delivering a wide range of fresh meat and seafood products directly from farms and fisheries. The company focuses on offering high-quality options, including chicken, mutton, and ready-to-cook items such as cold-cut ham, sausages, salami, and various seafood. ZappFresh aims to ensure that all produce reaches consumers in peak freshness, thus enhancing the overall meat experience for customers in India. By providing convenient access to fresh meat at their doorstep, ZappFresh is committed to elevating the standard of meat consumption in the market.

Flickstree

Series A in 2022
Flickstree is a company that specializes in creating and aggregating short, engaging videos for various publishers, including websites and apps. Its video player can be embedded by publishers without any investment, allowing them to enhance user engagement and monetize their traffic. The content produced includes entertainment, performance marketing, and user-generated videos, which are localized in multiple languages. Flickstree partners with OTT platforms and telecom companies to license its video content. Entertainment videos are monetized through branding campaigns featuring pre-roll and mid-roll ads, while performance marketing videos utilize a Cost Per Sale model, offering competitive affiliate commissions on product sales across diverse categories. The company's extensive reach of over 50 million users facilitates effective brand campaigns through its "Glocal" publisher network. Flickstree employs artificial intelligence to create compelling video content at scale, enhancing the efficiency of affiliate marketing efforts for brands. The company has received backing from notable investors, including Samsung Ventures Investment and the Facebook FBStart program.

HealthySure

Seed Round in 2022
HealthySure is an InsurTech platform that focuses on innovating employee health protection.

Sepal

Seed Round in 2022
Sepal designs and manufactures weather-protective canopies for two-wheeler riders, built from fiber-reinforced plastic to withstand high speeds. The company offers a water-repellent, smart collapsible canopy that shields riders from sun, rain, dust, and cold. In addition, Sepal operates an integrated IoT platform that provides infotainment services—navigation, music streaming, news—and supports call notifications, enabling riders to access entertainment and communications while riding.

Deyor

Seed Round in 2022
Deyor is a travel and hospitality company based in Gurgaon, Haryana, founded in 2015 by Dheeraj Jain. The company operates a platform that aggregates a budget hotel chain, ensuring consistent customer satisfaction through reliable hotel experiences. Deyor also caters to adventure-driven travelers by providing boutique accommodations, including houseboats and traditional townhouses, while facilitating bookings for campgrounds. Additionally, it serves as a lifestyle community for Indian millennials, fostering engagement through unique online experiences and tailored trips. By addressing the specific needs of millennial travelers in a rapidly growing sector, Deyor has established itself as a market leader in the Indian travel industry.

Twelfth Man Times

Seed Round in 2022
Twelfth Man Times is a sports news website solely serves as a one-stop source for every sports fan in the world. Our team works every day to give fans an enthralling experience of connecting with their favorite sports or players. We publish various articles and scoops which greatly satiate a fan’s desire to keep himself updated with the latest news related to sports and discuss his favorite sports with like-minded people on our discussions panel, which will host online discussions and polls from time to time.

The Financialist

Seed Round in 2022
The Financialist is a digital family office that aims to make financial planning accessible, simple, and transparent. They offer a suite of financial services under one annual subscription, providing comprehensive financial solutions to their clients. The Financialist is also known for its innovative approach to financial products and solutions. They are committed to democratizing private wealth management and providing an exemplary level of financial advisory.

InACan

Seed Round in 2022
InACan is a producer of premium, ready-to-drink crafted cocktails available in convenient canned form. The company operates its own distilleries, allowing it to create high-quality, low-calorie alcoholic beverages in a variety of flavors. By focusing on delivering quality craft cocktails, InACan caters to consumers seeking a convenient and enjoyable drinking experience.

Refrens

Seed Round in 2022
Refrens is a business platform designed to support freelancers and agencies by streamlining invoicing and payment processes. It offers tools for managing leads, generating GST-compliant invoices, and integrating payment gateways, which facilitate international transactions at competitive rates. The platform also automates repetitive tasks, such as sending reminders and defining budgets, which helps users enhance their efficiency and focus on growth. By creating a network of businesses that collaborate to expand their customer base, Refrens provides a comprehensive solution that empowers small enterprises to acquire new leads and improve their sales strategies.

Stride Ahead

Seed Round in 2022
Stride Ahead is a company that specializes in developing AI-powered software as a service (SaaS) solutions tailored for the education industry. Their primary focus is on enhancing revenue generation by improving customer relationship management (CRM) systems and providing valuable talent analytics to empower counseling and sales teams. Additionally, Stride Ahead offers an AI-enabled student mentorship platform designed to provide personalized mentorship programs for freshers and early professionals, aiming to enhance the user experience through targeted guidance and support.

VASAAS

Seed Round in 2022
VASAAS is an online marketplace and a SAAS platform that is tapping the untapped market of Designer Clothing and Labels in India.

Neuphony

Seed Round in 2021
Neuphony is a technology company that develops wearable EEG neurofeedback devices aimed at supporting mental health and cognitive well-being. Its wireless headband measures brain electrical activity and, via Bluetooth, streams data to a mobile app. The app analyzes sensor data to personalize meditation techniques and guidance, helping users improve sleep quality, reduce stress and anxiety, and potentially support memory. Through repeated sessions, the system trains the brain to achieve desired mental states, delivering neurofeedback in a home setting. By combining noninvasive brain monitoring with actionable, data-driven recommendations, Neuphony targets individuals seeking convenient, at-home tools to monitor brain health and enhance daily functioning.

Deciwood

Seed Round in 2021
Deciwood is an Indian company that specializes in the manufacture of eco-friendly Bluetooth speakers crafted from wood. The company focuses on reducing plastic waste by utilizing sustainable materials in its products. Deciwood's speakers are designed to enhance audio quality through innovative features such as energy tubes for deep bass and the convenience of a button for answering calls. Each speaker is handmade by skilled artisans, allowing customers to customize the speaker grill to their preferences before placing an order. This commitment to craftsmanship and sustainability positions Deciwood as a distinctive player in the audio equipment market.

Ninety One

Series A in 2021
Ninety One is a manufacturer and designer of bicycles intended to add more fun and thrill to the riding experience. The company epitomizes the best in bicycles and bike accessories focusing on quality, design, and innovation, providing customers with world-class bikes to make their everyday ride better.

EVeez

Seed Round in 2021
EVeez is one of the pioneers in Electric Vehicle subscription ecosystems.

BluSmart Mobility

Series A in 2021
BluSmart Mobility is a provider of an all-electric ride-hailing platform that focuses on transforming urban transportation in India through sustainable and reliable mobility solutions. The company offers a comprehensive suite of services, including ride-sharing, car-sharing, and shared charging for electric vehicles. By promoting the use of electric cars, BluSmart aims to contribute to a cleaner environment with zero tailpipe emissions, aligning its mission with the broader goal of creating intelligent and efficient urban mobility systems. Through its innovative platform, BluSmart Mobility seeks to redefine the transportation landscape in Indian cities, fostering a shift towards more sustainable practices.

Bigspoon

Seed Round in 2021
Bigspoon Foods Private Limited is a cloud kitchen based in Ahmedabad, India, that specializes in a diverse range of culinary offerings. Founded in 2019 by Kapil Mathrani, Rohan Bhatt, and Poojan Thakkar, the company focuses on North Indian cuisine, American quick-service restaurant (QSR) options, and healthy meal choices. Bigspoon provides an omni-channel approach to food ordering and delivery, emphasizing quality, health, and hygiene in its operations. The menu includes popular dishes such as chicken tikka, paneer rolls, butter paneer, dal Bukhara, paneer tikka, ras omelette, and various biryanis, catering to a wide array of customer preferences. The company facilitates online orders and home delivery services, making its offerings accessible to a broad audience.

BankSathi

Seed Round in 2021
BankSathi operates a digital advisory platform aimed at empowering financial advisers to create an online presence and facilitate the sale of financial products digitally. The platform offers over 50 user-friendly, quick, and do-it-yourself financial products from leading brands, enabling customers to easily compare and purchase suitable options. By analyzing customer data, BankSathi provides personalized recommendations for financial product eligibility, assisting users in making informed decisions when buying retail loans, credit cards, and insurance products.

Valuationary

Seed Round in 2021
Valuationary is an Edtech platform focused on equipping students with the practical knowledge necessary for success in the financial sector. The company offers a comprehensive curriculum that includes lessons on business valuations, portfolio management, stock market studies, investing, resume building, and Python for finance. By leveraging technology, Valuationary aims to provide a market-aligned approach to upskilling youth, ensuring they are well-prepared for dynamic career opportunities in finance. Through its innovative platform, the company seeks to help aspiring finance professionals gain the skills and confidence needed to secure their desired positions in the industry.

Onespace Interiors

Seed Round in 2021
Onespace Interiors is a interior firm that specializes in the design of homes.

DrinkPrime

Seed Round in 2021
DrinkPrime is a company focused on providing clean, safe, and healthy drinking water through subscription-based water purification systems. Founded to address the widespread issue of access to potable water in India, DrinkPrime offers IoT-enabled purifiers equipped with advanced filtering technologies, including reverse osmosis, ultraviolet, and ultra-filtration. These purifiers not only ensure the quality of water but also come with monitoring technology that helps users track the health of their systems. Over the course of five years, DrinkPrime has gained the trust of more than 25,000 households across seven cities, positioning itself as a convenient and affordable solution for families seeking reliable access to purified drinking water.

Woovly Shop Socially

Seed Round in 2021
Woovly India Pvt. Ltd operates a social media platform designed for users to share, connect, and explore diverse bucket list ideas and experiences, including photography, sports, adventure activities, travel, food, hobbies, and fitness. Founded in 2017 and based in Bengaluru, India, the platform caters primarily to Tier 2 and Tier 3 millennials, facilitating social commerce through engaging short video content created by micro and nano influencers. Woovly incentivizes these influencers with cash rewards for content that generates user engagement and drives sales, creating a dynamic environment for discovery and shopping of lifestyle products.

Farmse

Seed Round in 2021
Farmse offers organic and eco-friendly products ranging from food to beauty products.

Bechef

Seed Round in 2021
Bechef, established in 2017, is a Vadodara, India-based company that specializes in the production and sale of a wide array of food products. These include hot sauces, oriental sauces, marinades, BBQ and grill sauces, pasta and pizza sauces, gravy packs, bulk packs, and rich nut butters. The company's offerings also extend to packaged dips and spreads, such as hummus, yogurt dips, salsa, and cheesy dips, which are sold through both retail stores in Vadodara, Ahmedabad, and Mumbai, as well as online platforms. Bechef is committed to providing consumers with fresh, high-quality products that are free from chemicals, preservatives, artificial colors, and flavors, allowing them to enhance their meals with original flavors.

Ronshin

Private Equity Round in 2019
Ronshin engages in planning and distribution of children's books and export of children's cultural products.

Ronshin

Private Equity Round in 2017
Ronshin engages in planning and distribution of children's books and export of children's cultural products.
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