BOV Capital

Founded in 2010, BOV Capital is a venture capital firm headquartered in Colombo, Sri Lanka with an additional office in Singapore. The firm specializes in early-stage investments across Sri Lanka, focusing on technology startups.

Prajeeth Balasubramaniam

Founding General Partner and Managing Director

21 past transactions

Agrithmics

Venture Round in 2020
Agrithmics is a technology company specializing in cloud-based solutions for process automation and fintech. It enhances efficiency for farmers and factories through paperless systems, offering an agri-payment system to streamline supply chains.

nCinga Innovations

Series A in 2019
nCinga Innovations specializes in providing comprehensive solutions for the apparel, manufacturing, and telecommunication industries through its advanced digital ecosystem. Central to its offerings is the nCinga Spark Platform, which enables companies to make real-time decisions by leveraging fast data, analytics, and insights. This platform features customizable leaderboards with key performance indicators, data visualization capabilities, automatic data collection, and management of distributed sensors and devices. nCinga Innovations also offers services in deal structuring, consulting, financing, and product distribution, positioning itself as a valuable partner for businesses seeking to enhance their operational efficiency and decision-making processes. The company was acquired by Buyogo.

Linear Squared

Series A in 2018
Linear Squared is a Sri Lanka-based data science and advanced analytics company focused on AI and ML and other big data technologies. It develops AI-driven SaaS data analytics products for commercial enterprises, enabling data-backed strategic decision-making. Its platforms include multivariate demand forecasting and automated planning to optimize operations, improve forecast accuracy, and streamline production scheduling.

Roar Media

Series A in 2018
Roar Media is a digital media company that produces original journalism and informative content for South Asian audiences. It operates a multilingual platform that publishes content in English, Sinhalese, Tamil and Bengali across multiple sites, delivering news and features on current affairs, business, lifestyle, technology, arts and culture. The company presents storytelling through articles, videos, interviews and photo essays to inform, inspire and entertain readers.

Luciole Medical

Series A in 2018
Luciole Medical AG is a Swiss medical technology company that specializes in the design and manufacture of brain oxygenation monitoring systems. Founded in 2017 and based in Zurich, the company has developed a platform that accurately measures the levels of oxygenated and deoxygenated hemoglobin, as well as cerebral blood flow and other critical parameters. Its product lineup includes RheoPatch, a non-invasive sensor applied to the skin to assess oxygen metabolism and blood flow; RheoSens, an implantable probe that measures various cerebral metrics; RheoLity, which offers software for data display, analysis, and patient management; and RheoControl, which connects to medical monitors for data visualization. Luciole Medical's systems enable healthcare professionals to monitor cerebral oxygenation effectively, providing crucial insights into the patient's brain health.

MyDoctor

Series A in 2018
MyDoctor is a digital health solution company that provides medical services using technology.

InsureMe Insurance Brokers

Series A in 2018
InsureMe Insurance Brokers (Pvt) Ltd is an insurance brokerage firm based in Colombo, Sri Lanka, established in 1993. The company specializes in providing a range of insurance solutions, including life and general insurance, to both corporate and individual clients. InsureMe offers various types of coverage, such as motor vehicle insurance—both full and third-party—travel insurance, per-day motor vehicle insurance, and global health insurance. By operating within the insurance and banking sectors, InsureMe aims to enhance customer interaction and convenience, ultimately saving clients valuable time in managing their insurance needs.

Roar Media

Seed Round in 2018
Roar Media is a digital media company that produces original journalism and informative content for South Asian audiences. It operates a multilingual platform that publishes content in English, Sinhalese, Tamil and Bengali across multiple sites, delivering news and features on current affairs, business, lifestyle, technology, arts and culture. The company presents storytelling through articles, videos, interviews and photo essays to inform, inspire and entertain readers.

99RetailStreet

Seed Round in 2018
99RetailStreet is a common commerce platform on cloud targeted at the large unorganized retail segment comprising of “Kiranas/ Kades”, Pharmacies and other consumer facing retail businesses in developing markets. It is built to enhance the retailers’ business through faster Sales Growth, better Financial Capabilities and improved Efficiency across the value chain.

OMAK

Series A in 2017
OMAK is an innovative IT software solution provider specializing in the restaurant industry. The company develops a cloud-based management platform that aims to enhance the dining experience for both restaurant owners and patrons. OMAK's platform operates on a Software as a Service (SaaS) model, offering features such as online ordering, inventory management, and customer management, while also providing customized services to meet the specific needs of clients. By focusing on creating effective IT solutions, OMAK allows restaurant owners to concentrate on delivering exceptional customer experiences. The company also emphasizes a collaborative culture, encouraging knowledge sharing among its talented team members through regular presentations of impactful ideas, fostering an environment of continuous improvement and innovation.

ZigZag.lk

Series A in 2017
ZigZag.lk is an online fashion and lifestyle retail store based in Colombo, Sri Lanka, specializing in women's apparel. The platform offers a diverse range of products, including dresses, sarees, plus-size clothing, shoes, bags, and jewelry. ZigZag.lk curates collections from both local and international designers, ensuring customers have access to unique and elegant designs that reflect the latest fashion trends. By focusing on quality and style, the company aims to enhance the everyday wardrobe of its clientele, allowing them to shop for garments that cater to their individual tastes and fashion demands.

OMAK

Series A in 2016
OMAK is an innovative IT software solution provider specializing in the restaurant industry. The company develops a cloud-based management platform that aims to enhance the dining experience for both restaurant owners and patrons. OMAK's platform operates on a Software as a Service (SaaS) model, offering features such as online ordering, inventory management, and customer management, while also providing customized services to meet the specific needs of clients. By focusing on creating effective IT solutions, OMAK allows restaurant owners to concentrate on delivering exceptional customer experiences. The company also emphasizes a collaborative culture, encouraging knowledge sharing among its talented team members through regular presentations of impactful ideas, fostering an environment of continuous improvement and innovation.

Linear Squared

Seed Round in 2016
Linear Squared is a Sri Lanka-based data science and advanced analytics company focused on AI and ML and other big data technologies. It develops AI-driven SaaS data analytics products for commercial enterprises, enabling data-backed strategic decision-making. Its platforms include multivariate demand forecasting and automated planning to optimize operations, improve forecast accuracy, and streamline production scheduling.

Simplex Delivery

Seed Round in 2016
Simplex Delivery is the largest and fastest last-mile logistics service provider in Sri Lanka, specializing in e-commerce shipments. The company focuses on ensuring next-day delivery across the island, making it possible for customers to receive their products even in the most remote locations. By streamlining the delivery process, Simplex aims to enhance the efficiency of e-commerce operations, ensuring timely and reliable service for businesses and their customers.

BusSeat.lk

Seed Round in 2015
BusSeat.lk operates as an online bus booking platform, facilitating the purchase and sale of bus seats. Passengers can conveniently buy tickets through their website or mobile app, receiving a confirmation text message with travel details upon reservation. The platform offers ticket booking services for long-distance rides and includes a live location tracking feature to enhance the passenger experience by providing ease and convenience.

ZigZag.lk

Seed Round in 2015
ZigZag.lk is an online fashion and lifestyle retail store based in Colombo, Sri Lanka, specializing in women's apparel. The platform offers a diverse range of products, including dresses, sarees, plus-size clothing, shoes, bags, and jewelry. ZigZag.lk curates collections from both local and international designers, ensuring customers have access to unique and elegant designs that reflect the latest fashion trends. By focusing on quality and style, the company aims to enhance the everyday wardrobe of its clientele, allowing them to shop for garments that cater to their individual tastes and fashion demands.

nCinga Innovations

Seed Round in 2014
nCinga Innovations specializes in providing comprehensive solutions for the apparel, manufacturing, and telecommunication industries through its advanced digital ecosystem. Central to its offerings is the nCinga Spark Platform, which enables companies to make real-time decisions by leveraging fast data, analytics, and insights. This platform features customizable leaderboards with key performance indicators, data visualization capabilities, automatic data collection, and management of distributed sensors and devices. nCinga Innovations also offers services in deal structuring, consulting, financing, and product distribution, positioning itself as a valuable partner for businesses seeking to enhance their operational efficiency and decision-making processes. The company was acquired by Buyogo.

Trekurious

Convertible Note in 2013
Trekurious is a company that specializes in designing and curating unique dining experiences in Mumbai and Sri Lanka. Initially successful in offering curated boxed lunches prepared by home chefs in Mumbai, Trekurious aims to expand its operations by establishing a central kitchen and partnering with multiple distribution channels. In addition to its dining services, the company also provides premium travel and lifestyle offerings, enhancing the overall customer experience through thoughtful curation.

OMAK

Seed Round in 2013
OMAK is an innovative IT software solution provider specializing in the restaurant industry. The company develops a cloud-based management platform that aims to enhance the dining experience for both restaurant owners and patrons. OMAK's platform operates on a Software as a Service (SaaS) model, offering features such as online ordering, inventory management, and customer management, while also providing customized services to meet the specific needs of clients. By focusing on creating effective IT solutions, OMAK allows restaurant owners to concentrate on delivering exceptional customer experiences. The company also emphasizes a collaborative culture, encouraging knowledge sharing among its talented team members through regular presentations of impactful ideas, fostering an environment of continuous improvement and innovation.

Trekurious

Seed Round in 2012
Trekurious is a company that specializes in designing and curating unique dining experiences in Mumbai and Sri Lanka. Initially successful in offering curated boxed lunches prepared by home chefs in Mumbai, Trekurious aims to expand its operations by establishing a central kitchen and partnering with multiple distribution channels. In addition to its dining services, the company also provides premium travel and lifestyle offerings, enhancing the overall customer experience through thoughtful curation.

Takas

Seed Round in 2012
Takas (Pvt) Ltd. is an e-commerce platform based in Colombo, Sri Lanka, specializing in the retail of consumer electronics and a diverse array of products. Established in 2012, the company offers a wide selection of electronics, including mobile phones, laptops, cameras, audio systems, and various accessories. Beyond electronics, Takas provides home and garden items, beauty and health products, clothing and footwear, baby products, automotive supplies, and stationery, among others. The company aims to deliver exceptional service and extensive product choices to customers across Sri Lanka, with a commitment to island-wide delivery. As a subsidiary of Ideal Group (Pvt.) Ltd., Takas is focused on expanding its reach and enhancing its product offerings to meet the evolving needs of its customers.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.