IvyCap Ventures

IvyCap Ventures, founded in 2011 and based in Mumbai, is a private equity firm focused on early-stage investments in India. The firm emphasizes an entrepreneur-centric investment strategy, aiming to foster innovation and support exceptional entrepreneurs across various industries, particularly in edtech, fintech, healthtech, and SaaS sectors. IvyCap Ventures manages multiple funds, including a venture debt fund that typically invests in Series B and Series C stages, with investments ranging from INR 20 crores to INR 25 crores. The firm is dedicated to building a diverse portfolio of world-class enterprises, driven by a strong entrepreneurial spirit.

Anand Batra

Principal, Investments

Nilay Doshi

Associate

Vishal Gauri

Co-Founder

Vikram Gupta

Founder and Managing Partner

Anju Gupta

Partner

Sonia Sharma Gupta

Vice President

Anshuman Khanna

Principal, Investments

Prayag Mohanty

Principal, Investments

Shirish Potnis

VP

Madhuri Sawant

VP

Ruchir Shah

Vice President

Aakanksha Sharma

Vice President

Ashish Wadhwani

Managing Partner

Past deals in South Asia

ZestIOT

Series A in 2023
ZestIoT Technologies Pvt Ltd is an Indian company based in Hyderabad that specializes in developing an Internet of Things (IoT) aviation platform aimed at enhancing airport operations and passenger experience. Founded in 2016, the company offers various products including AviLeap, which focuses on improving on-time performance; AviTag for efficient baggage tracking; AviQ designed for queue optimization; and AviX for contactless boarding. The platform connects various stakeholders such as passengers, ground staff, and pilots, while integrating aircraft-compliant sensors for tracking assets and baggage. By utilizing artificial intelligence and data analytics, ZestIoT enables airports to digitalize customer handling and streamline industrial operations, ultimately making the boarding and departure processes more efficient and user-friendly.
Celcius Logistics Solutions operates as a cold-chain marketplace startup.

Lissun

Pre Seed Round in 2022
Lissun is a comprehensive mental health and wellness platform designed to deliver psychological support to individuals, corporations, and healthcare institutions. The platform addresses critical issues in mental health, such as awareness and acceptance, by offering personalized wellness journeys and therapeutic content. Lissun emphasizes the importance of anonymity, access, affordability, and assurance in fulfilling mental and emotional wellness needs. Through its innovative approach, the company aims to enhance mental health solutions and promote a greater understanding of mental wellness in society.

Wagr

Seed Round in 2022
Wagr is a small, light, and comfortable device which tracks your dog’s location and activity. The device attaches to your dogs' collar and through the companion mobile app, tells you everything you need to know to ensure their safety and fitness.

Biryani By Kilo

Series B in 2021
Biryani By Kilo offers Biryani to the masses. Biryani is a complete meal, filled with aromas and flavors, recipes both authentic and versatile, and it caters itself to delivery very well. Biryani By Kilo uses the best ingredients including an expensive branded rice, spices handpicked from Kerala, and stringently selected meats and vegetables for its Biryanis and Kebabs. Biryani By Kilo is committed to making BBK pan India premium Biryani Chain and making Biryani category popular worldwide.

Expertrons

Seed Round in 2021
Expertrons Pvt. Ltd develops and operates an artificial intelligence bot platform for students and professionals to prepare for interviews. The company was founded in 2019 and is based in Mumbai, India.

Miko

Series B in 2021
Miko is a consumer electronics company founded on the pillars of Robotics, Artificial Intelligence, and the Internet of Things. Miko was founded in January 2015 by three IIT Bombay post-graduates and is today driven by a 120 membered team of roboticists, academicians, and neuropsychologists. The core team of roboticists has been together since 2009, making some of the world’s most widely acclaimed robots. Among these are India’s most capable autonomous underwater vehicles, which ranked among the best internationally and performed Navy based tasks.

Convosight

Series A in 2021
Convosight is a community management platform based in New Delhi, India, that specializes in supporting Facebook group administrators. As a software-as-a-service (SaaS) solution, it employs data analytics and machine learning to assist users in managing their groups effectively. The platform enables community admins to create, moderate, and grow their online communities while also facilitating monetization opportunities. By leveraging advanced technology, Convosight helps both admins and brands to enhance engagement within their communities, making it easier to connect with members and optimize group performance.

Get My Parking

Venture Round in 2021
Get My Parking, is a B2B Platform-as-a-Service company. GMP's inter-operable open IoT Platform is designed to connect different types of parking inventory together on to a digital layer, making it future ready to meet changing mobility needs. Working across 16 countries, Platform connects with different make and type of parking infrastructure, giving complete visibility and control the Parking Operator/ City Council. Platform exploits synergies with various demand aggregators like mapping services, Auto OEMs, Corporate clients and Fleet Companies.

Miko

Series B in 2021
Miko is a consumer electronics company founded on the pillars of Robotics, Artificial Intelligence, and the Internet of Things. Miko was founded in January 2015 by three IIT Bombay post-graduates and is today driven by a 120 membered team of roboticists, academicians, and neuropsychologists. The core team of roboticists has been together since 2009, making some of the world’s most widely acclaimed robots. Among these are India’s most capable autonomous underwater vehicles, which ranked among the best internationally and performed Navy based tasks.

Superpro.ai

Seed Round in 2021
Over 100 million knowledge workers, from consultants to advisory services to trainers, have lost as much as 90% of their business due to COVID-19. Superpro helps knowledge workers adapt and thrive online by providing all the tools they need including web pages, marketing, scheduling, video calls and even payment. Superpro recently partnered with India’s largest analytics community with half a million professionals and is rapidly expanding in the country.

Bidgely

Venture Round in 2021
Bidgely, Inc. is a technology company specializing in energy analytics and utility solutions. Founded in 2011 and headquartered in Mountain View, California, with an additional office in Bengaluru, India, Bidgely offers innovative products such as HomeBeat, a cloud-based software that disaggregates energy consumption data at the appliance level. The company's UtilityAI Platform generates customer insights based on actual energy usage patterns, enabling utilities to enhance energy efficiency and consumer engagement. By providing these advanced analytics, Bidgely aims to deliver its technology to residential customers worldwide, contributing to significant energy savings and improved understanding of energy consumption behaviors.

Lendbox

Series A in 2021
Lendbox is a P2P lending platform that provides an interactive environment for borrowers and investors. The platform reduces the interest rates for borrowers and increases investor's yields by eliminating mediators like commercial banks, depository institutions, and more. Lendbox enables investors and borrowers to interact directly with each other without any hidden charges. Launched by Jatin Malwal, Ekmeet Singh, Bhuvan Rustagi, and Ekmeet Singh in 2015, the platform is based in New Delhi, India.

Elucidata

Seed Round in 2021
Elucidata's mission is to use data analytics to transform decision-making processes in R&D labs in biotechnology and pharmaceutical companies. We build algorithms and software to process, analyze and visualize large omics data across metabolomics, genomics, transcriptomics, and proteomics among others. We build our own products, provide customized solutions for our partners, and analyze datasets to answer specific questions.

PurpleTutor

Seed Round in 2021
PurpleTutor is a company, that teaches coding/computational sciences to kids in the age group of 6 - 16 via LIVE online classes.

Expertrons

Venture Round in 2020
Expertrons Pvt. Ltd develops and operates an artificial intelligence bot platform for students and professionals to prepare for interviews. The company was founded in 2019 and is based in Mumbai, India.

BlueStone

Series E in 2020
BlueStone.com - Buy Gold and Diamond Jewellery Online in India with the latest jewellery designs 2013 from our online jewelry shopping store with COD, 30-day free returns on jewellery, free shipping and a lifetime exchange policy. Best jewellery website for online jewellery shopping in India with Designer Rings, Pendants, Earrings, Mangalsutra, Bangles, Bracelets, Solitaire Diamonds.

Convosight

Seed Round in 2020
Convosight is a community management platform based in New Delhi, India, that specializes in supporting Facebook group administrators. As a software-as-a-service (SaaS) solution, it employs data analytics and machine learning to assist users in managing their groups effectively. The platform enables community admins to create, moderate, and grow their online communities while also facilitating monetization opportunities. By leveraging advanced technology, Convosight helps both admins and brands to enhance engagement within their communities, making it easier to connect with members and optimize group performance.

Fingpay

Series A in 2020
Fingpay, a product of Tapits Technologies Private Limited, is focused on creating a cashless, card-less, and mobile-less payment platform. Established in 2016 and based in Mumbai, India, the company specializes in developing customized eKYC applications and software solutions tailored for banks, insurance firms, and other enterprises. With a team of experienced professionals, Fingpay aims to lead in the technology sector by delivering innovative products and services that meet and exceed customer expectations. The company values long-term relationships with clients and emphasizes quality customer service, integrity, and ethical business practices. Through continuous innovation and a commitment to customer satisfaction, Fingpay seeks to enhance its market presence and build a strong foundation of key customers.

Singularity Automation

Seed Round in 2020
Singularity Automation is an Internet of things technology provider. Singularity Automation help the companies operating in this industry to manage thousands of properties across multiple cities.

Purplle

Series C in 2020
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.

Purplle

Series C in 2019
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.
BeYouPlus is an endeavor to give you the power to be the way you want to be. It is your personal beauty app that allows you to buy the right aesthetic treatment from the right expert at the right price.

Pharmarack

Series A in 2019
Pharmarack Technologies Private Limited, established in 2015 and based in Pune, India, is a leading integrated B2B healthcare platform that provides a Software-as-a-Service application designed to enhance the pharmaceutical industry's value chain globally. The platform serves as an ecosystem partner for pharmaceutical companies, distributors, retailers, and public health enterprises, facilitating improved efficiencies and cost reductions. Pharmarack empowers users by optimizing resources, automating sales processes, and generating actionable insights derived from granular data. Its application supports retailers in gaining essential knowledge about products, market offers, and schemes, while also addressing issues like sales leakages. With a presence in over 70 cities and a user base exceeding 200,000 retailers, Pharmarack aims to transform the fragmented Indian pharmaceutical market by leveraging technology, analytics, and digital marketing strategies to drive revenue growth and enhance market visibility.

Biryani By Kilo

Series A in 2019
Biryani By Kilo offers Biryani to the masses. Biryani is a complete meal, filled with aromas and flavors, recipes both authentic and versatile, and it caters itself to delivery very well. Biryani By Kilo uses the best ingredients including an expensive branded rice, spices handpicked from Kerala, and stringently selected meats and vegetables for its Biryanis and Kebabs. Biryani By Kilo is committed to making BBK pan India premium Biryani Chain and making Biryani category popular worldwide.

ftcash

Series A in 2019
ftcash is one of India’s fast-growing financial technology venture, recognized by Forbes, which aims to empower micro-merchants and small businesses with the power of credit using digital payments, using only a bank account and a feature phone. ftcash uses its proprietary algorithm to understand the credit-worthiness using their transaction flow data on the ftcash payments platform along with several other data points including psychometric analysis, which can be leveraged to provide these SMEs institutional finance and recollect the money from their daily transactions. ftcash works with Banks and Financial Institutions to deploy its solution for all their SMEs. After a successful launch in India in 2015, ftcash is expanding globally. ftcash is being supported by PayPal and MasterCard to enable merchant services globally.

Clovia

Series C in 2019
Clovia is a lingerie brand that manufactures and sells fashion lingerie, innerwear, nightwear, and shapewear. The company offers solution-based premium lingerie for Indian women who have been stuck with vanilla and one-size-fits-all undergarments options from generations. Clovia has more than 200 stores in 50 different locations. It is backed by Ivy Cap Ventures, Zurich-based Mountain Partners, and Singapore based AT Capital.

Lendbox

Seed Round in 2018
Lendbox is a P2P lending platform that provides an interactive environment for borrowers and investors. The platform reduces the interest rates for borrowers and increases investor's yields by eliminating mediators like commercial banks, depository institutions, and more. Lendbox enables investors and borrowers to interact directly with each other without any hidden charges. Launched by Jatin Malwal, Ekmeet Singh, Bhuvan Rustagi, and Ekmeet Singh in 2015, the platform is based in New Delhi, India.

Purplle

Venture Round in 2018
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.

GrabOnRent

Venture Round in 2018
GrabOnRent Internet Pvt. Ltd. develops an on-demand product rental marketplace. The company was founded in 2015 and is based in Bengaluru, India.

BlueStone

Venture Round in 2018
BlueStone.com - Buy Gold and Diamond Jewellery Online in India with the latest jewellery designs 2013 from our online jewelry shopping store with COD, 30-day free returns on jewellery, free shipping and a lifetime exchange policy. Best jewellery website for online jewellery shopping in India with Designer Rings, Pendants, Earrings, Mangalsutra, Bangles, Bracelets, Solitaire Diamonds.

GrabOnRent

Venture Round in 2017
GrabOnRent Internet Pvt. Ltd. develops an on-demand product rental marketplace. The company was founded in 2015 and is based in Bengaluru, India.

ftcash

Seed Round in 2017
ftcash is one of India’s fast-growing financial technology venture, recognized by Forbes, which aims to empower micro-merchants and small businesses with the power of credit using digital payments, using only a bank account and a feature phone. ftcash uses its proprietary algorithm to understand the credit-worthiness using their transaction flow data on the ftcash payments platform along with several other data points including psychometric analysis, which can be leveraged to provide these SMEs institutional finance and recollect the money from their daily transactions. ftcash works with Banks and Financial Institutions to deploy its solution for all their SMEs. After a successful launch in India in 2015, ftcash is expanding globally. ftcash is being supported by PayPal and MasterCard to enable merchant services globally.

Clovia

Series B in 2017
Clovia is a lingerie brand that manufactures and sells fashion lingerie, innerwear, nightwear, and shapewear. The company offers solution-based premium lingerie for Indian women who have been stuck with vanilla and one-size-fits-all undergarments options from generations. Clovia has more than 200 stores in 50 different locations. It is backed by Ivy Cap Ventures, Zurich-based Mountain Partners, and Singapore based AT Capital.

RML AgTech

Series B in 2017
RML AgTech Pvt Ltd, formerly known as Reuters Market Light, is a technology company based in Mumbai, India, that specializes in providing agricultural decision support solutions to farmers. The company offers customized smart farming solutions aimed at enhancing crop productivity and increasing farmers' earnings. Its range of application-based tools covers all stages of farming, including soil testing, crop selection, cultivation methods, and market timing for selling produce. Key products include RMLdirect, which delivers agricultural information via SMS, the myRML app, and RML Farmer, which aids farmers in making informed decisions. Additionally, RML Trader supports commodity traders in improving business volume and profitability, while R-Edge serves agribusinesses and large corporations by providing critical market intelligence across India. RML AgTech has gained the trust of over 2.75 million farmers across 50,000 villages in 19 states, supported by a team of agricultural experts.

BlueStone

Series D in 2016
BlueStone.com - Buy Gold and Diamond Jewellery Online in India with the latest jewellery designs 2013 from our online jewelry shopping store with COD, 30-day free returns on jewellery, free shipping and a lifetime exchange policy. Best jewellery website for online jewellery shopping in India with Designer Rings, Pendants, Earrings, Mangalsutra, Bangles, Bracelets, Solitaire Diamonds.

GrabOnRent

Seed Round in 2016
GrabOnRent Internet Pvt. Ltd. develops an on-demand product rental marketplace. The company was founded in 2015 and is based in Bengaluru, India.

ftcash

Seed Round in 2016
ftcash is one of India’s fast-growing financial technology venture, recognized by Forbes, which aims to empower micro-merchants and small businesses with the power of credit using digital payments, using only a bank account and a feature phone. ftcash uses its proprietary algorithm to understand the credit-worthiness using their transaction flow data on the ftcash payments platform along with several other data points including psychometric analysis, which can be leveraged to provide these SMEs institutional finance and recollect the money from their daily transactions. ftcash works with Banks and Financial Institutions to deploy its solution for all their SMEs. After a successful launch in India in 2015, ftcash is expanding globally. ftcash is being supported by PayPal and MasterCard to enable merchant services globally.

Taskbob

Series A in 2016
Taskbob is a start-up by IIT Bombay and IIM Ahmedabad graduates (ex-McKinsey, ex-Nomura employees) with a vision of creating happy households. Taskbob facilitates instant, high-quality home services for customers, while driving higher productivity for servicemen. We aim to revolutionise home services in India by addressing three of the biggest customer pain points: delays, poor quality and lack of price transparency.

ftcash

Seed Round in 2016
ftcash is one of India’s fast-growing financial technology venture, recognized by Forbes, which aims to empower micro-merchants and small businesses with the power of credit using digital payments, using only a bank account and a feature phone. ftcash uses its proprietary algorithm to understand the credit-worthiness using their transaction flow data on the ftcash payments platform along with several other data points including psychometric analysis, which can be leveraged to provide these SMEs institutional finance and recollect the money from their daily transactions. ftcash works with Banks and Financial Institutions to deploy its solution for all their SMEs. After a successful launch in India in 2015, ftcash is expanding globally. ftcash is being supported by PayPal and MasterCard to enable merchant services globally.

BlueStone

Series C in 2015
BlueStone.com - Buy Gold and Diamond Jewellery Online in India with the latest jewellery designs 2013 from our online jewelry shopping store with COD, 30-day free returns on jewellery, free shipping and a lifetime exchange policy. Best jewellery website for online jewellery shopping in India with Designer Rings, Pendants, Earrings, Mangalsutra, Bangles, Bracelets, Solitaire Diamonds.

Clovia

Series A in 2015
Clovia is a lingerie brand that manufactures and sells fashion lingerie, innerwear, nightwear, and shapewear. The company offers solution-based premium lingerie for Indian women who have been stuck with vanilla and one-size-fits-all undergarments options from generations. Clovia has more than 200 stores in 50 different locations. It is backed by Ivy Cap Ventures, Zurich-based Mountain Partners, and Singapore based AT Capital.

RML AgTech

Seed Round in 2015
RML AgTech Pvt Ltd, formerly known as Reuters Market Light, is a technology company based in Mumbai, India, that specializes in providing agricultural decision support solutions to farmers. The company offers customized smart farming solutions aimed at enhancing crop productivity and increasing farmers' earnings. Its range of application-based tools covers all stages of farming, including soil testing, crop selection, cultivation methods, and market timing for selling produce. Key products include RMLdirect, which delivers agricultural information via SMS, the myRML app, and RML Farmer, which aids farmers in making informed decisions. Additionally, RML Trader supports commodity traders in improving business volume and profitability, while R-Edge serves agribusinesses and large corporations by providing critical market intelligence across India. RML AgTech has gained the trust of over 2.75 million farmers across 50,000 villages in 19 states, supported by a team of agricultural experts.

Sokrati

Series B in 2015
Merkle Sokrati offers social advertising and digital marketing services. Merkle Sokrati was formerly known as Sokrati Technologies Pvt Ltd. As a result of acquisition of the Sokrati Technologies Pvt Ltd by Dentsu Aegis Network Ltd., Sokrati Technologies Pvt Ltd name was changed. The company was incorporated in 2009 and is based in Pune, India. As of July 27, 2017, Merkle Sokrati operates as a subsidiary of Dentsu Aegis Network Ltd.

Purplle

Venture Round in 2015
Purplle is an online store selling cosmetics, fragrances, skin, and hair care products. It gives an online space to beauty and wellness needs that showcases some of the beauty brands and products. Purplle aims to take shopping experience to a different level. Purplle was founded in 2011 and is headquartered in Mumbai, Maharashtra, India.

eShakti.com

Series B in 2014
eShakti.com Pvt Ltd manufactures custom clothing for women in India and internationally. The company offers dresses, tops, shirts, jackets, denims, pants, occasion and work wear, and more; and gift cards. It allows users to choose and customize their designs, and measurements. The company offers its product online. eShakti.com Pvt Ltd was founded in 1999 and is based in Chennai, India with a design studio in New York, New York.

Vinculum Group

Series B in 2014
Vinculum Solutions Pvt. Limited is a global SaaS company specializing in retail technology, with a presence in over 30 countries. Founded in 2007 and based in Noida, India, the company develops software products that facilitate e-commerce ecosystems, enabling brands and retailers to scale efficiently. Its flagship product, Vin eRetail, is a modular order fulfillment and inventory management suite that supports multi-channel retailing. The company also offers Vin MDM, a master data management solution that ensures data consistency across various platforms, and Vin SIM, which provides real-time inventory visibility essential for omnichannel retailing. Vinculum integrates with over 150 sales channels and partners, including third-party logistics providers and retailers, allowing businesses to optimize operations and unlock new revenue streams. Through its comprehensive solutions, Vinculum aims to enhance customer satisfaction while driving cost savings and incremental sales for its clients.

FieldEZ

Series A in 2014
FieldEZ Technologies Pvt. Limited specializes in providing business management software solutions tailored for the field service industry. Based in Bengaluru, India, the company offers a mobile-based Software-as-a-Service platform known as FieldEZ, which facilitates the management of field sales and service teams. The software includes features such as service call management, scheduling, lead management, time and location reporting, travel and expense tracking, and real-time updates for office and sales personnel. FieldEZ serves various sectors, including FMCG, pharmaceuticals, automotive, construction, telecommunications, consumer electronics, and financial institutions. Its solutions cater to the specific needs of mobile users, including sales representatives and logistics personnel, and are accessible on Android and Java-enabled devices. Founded in 2011, FieldEZ has established a diverse customer base that includes both Fortune 100 companies and SMEs across Europe, the USA, UK, and India. Notable clients include Samsung, Vodafone, and ICICI Bank. The company's focus on digital technologies, such as cloud computing and data analytics, positions it as a leader in field force management and operational efficiency.

Aujas Cybersecurity

Series B in 2013
Aujas Networks Pvt. Ltd. offers information technology digital security solutions and services for enabling digital defense to clients. The company offers services in the areas of security vulnerability, security content management, and identity and access management. Its consulting services include preventive consulting, such as strategy consulting, enterprise risk, management, technology, consulting, and DR/BCP consulting; reactive consulting, including security postures, security audit, and recovery strategy; and detective consulting, such as incident response solutions. The company’s preventive implementation solutions comprise SCM/SAMIIAM, secure products, and compliance solutions. Its detective implementation solutions include application code review solutions. The company’s management solutions comprise preventive management, including enterprise risk, ODC security, and security operations; recovery services; and forensics services. It also offers education services, such as process, implementation, management, standards, technology, and application security services. The company provides specialized security services to technologies, including core wireless networks, VOIP, RFID, cyber forensics, and the risk management. It serves telecom, banking, financial services, insurance, enterprise, and government sectors. The company was founded in 2008 and is based in Bangalore, India.

RML AgTech

Seed Round in 2013
RML AgTech Pvt Ltd, formerly known as Reuters Market Light, is a technology company based in Mumbai, India, that specializes in providing agricultural decision support solutions to farmers. The company offers customized smart farming solutions aimed at enhancing crop productivity and increasing farmers' earnings. Its range of application-based tools covers all stages of farming, including soil testing, crop selection, cultivation methods, and market timing for selling produce. Key products include RMLdirect, which delivers agricultural information via SMS, the myRML app, and RML Farmer, which aids farmers in making informed decisions. Additionally, RML Trader supports commodity traders in improving business volume and profitability, while R-Edge serves agribusinesses and large corporations by providing critical market intelligence across India. RML AgTech has gained the trust of over 2.75 million farmers across 50,000 villages in 19 states, supported by a team of agricultural experts.