Iron Pillar

Iron Pillar Capital Management Ltd is a Mumbai-based venture capital firm founded in 2016, specializing in investments in mid-stage technology companies across India. The firm primarily targets Series B, C, and D funding rounds, focusing on both consumer and enterprise technology sectors. Iron Pillar typically invests between $5 million and $10 million, acquiring stakes that range from 5 to 20 percent in its portfolio companies. The founding team, composed of six members, boasts over 120 years of combined experience in venture investing, mergers and acquisitions, and technology operations. Beyond providing capital, Iron Pillar supports its portfolio companies by assisting with global market expansion, offering strategic guidance on go-to-market strategies, and facilitating introductions to potential capital sources. With additional offices in Singapore, Mauritius, and Palo Alto, Iron Pillar actively collaborates with entrepreneurs poised for growth in the technology landscape.

Saleha Osmani

Venture Partner

Shanthi Pavan

CFO

Saket Puri

Principal

Ashish Shah

COO and Partner

Merzi Sodawaterwala

Venture Partner

Haisong Tang

Venture Partner

KHALIL SHARIF AL AWADHI

Venture Partner

29 past transactions

Pando

Series B in 2023
Pando is a Chennai-based company founded in 2015 that offers an open-market freight management platform designed to digitize logistics operations. The platform aims to enhance efficiency within the delivery ecosystem for traditional enterprises by facilitating advanced connectivity and data sharing among various stakeholders, including devices, information systems, and services. Pando's no-code fulfillment cloud platform provides manufacturers and retailers with comprehensive visibility and optimization of the end-to-end supply chain, allowing them to streamline the order-to-fulfillment process. By enabling organizations to digitalize information, transactions, communication, and documentation, Pando seeks to improve service levels while reducing costs and carbon footprints in logistics and supply chain execution.

Curefoods

Debt Financing in 2023
Curefoods democratize access to good food on a sustainable basis. Good food is honest. They are in the business of selling food. To create the best food product out there, they assemble a team of people who are absolutely crazy about food.

Ushur

Series C in 2023
Ushur, Inc. develops a service engagement platform to automate backend processes and external conversations with customers. The company’s solutions include ServiceNow, an online platform for transforming incident management and ticketing with automated messaging; Salesforce, an artificial intelligence-based platform for integrations between customer communications and salesforce; Jira Service Desk for workflow; and slack that automates tasks and communications. Its automation platform provides customer support, claims processing, billing, agent assistance, and sales enablement services. It serves insurance, finance, telecommunication, and customer service industries. The company was incorporated in 2014 and is based in Santa Clara, California with an additional office in Bengaluru, India.

Curefoods

Series C in 2022
Curefoods democratize access to good food on a sustainable basis. Good food is honest. They are in the business of selling food. To create the best food product out there, they assemble a team of people who are absolutely crazy about food.

Sibros

Series B in 2022
Sibros Technologies, Inc. specializes in providing software solutions for the automotive and mobility sectors. Based in Folsom, California, the company offers a connected vehicle platform that enables comprehensive management of vehicle software and data throughout the vehicle lifecycle. Its products include over-the-air (OTA) software updates, vehicle diagnostics, fleet analytics, and work order management. By facilitating secure data recording and AI-powered analytics, Sibros enables automakers to enhance vehicle health management, predict failures, and reduce costs associated with recalls. The platform integrates various vehicle management functions into a single user interface, allowing manufacturers and fleet owners to gain valuable insights and make informed decisions. Incorporated in 2018, Sibros aims to support original equipment manufacturers (OEMs) in delivering innovative connected vehicle services at scale.

Curefoods

Venture Round in 2022
Curefoods democratize access to good food on a sustainable basis. Good food is honest. They are in the business of selling food. To create the best food product out there, they assemble a team of people who are absolutely crazy about food.

CoreStack

Series B in 2021
CoreStack is a cloud management platform that aids enterprises in achieving continuous cloud compliance and autonomous governance. Founded in 2016 and headquartered in Bellevue, Washington, the company provides a multi-cloud compliance platform that addresses observability, consumption, compliance, and cost management. By leveraging cloud-native technology and enabling connector-less integration, CoreStack facilitates dynamic discovery and orchestration of multi-cloud resources. Its solutions empower organizations to enhance business agility while ensuring predictable outcomes in line with budgets and policies. CoreStack's platform is utilized by several leading global enterprises across various industries, reinforcing its commitment to automating cloud operations and ensuring compliance.

Jiffy.ai

Venture Round in 2021
Jiffy.ai is a software company that provides an AI-powered platform designed for modern digital enterprises. It specializes in automating tasks through intelligent robots capable of adapting to changing scenarios, thereby enhancing productivity and allowing organizations to focus on more value-added activities. The platform effectively processes unstructured data and employs natural language processing and machine learning algorithms, enabling high levels of automation—often exceeding 90%—in complex processes. Unlike traditional robotic process automation solutions that are primarily rule-based and limited in their automation capabilities, Jiffy.ai's platform offers a comprehensive suite of tools for various functions, including finance, operations, and analytics. This integrated approach allows enterprises to streamline their operations while benefiting from features such as drag-and-drop functionality and reporting automation.

Curefoods

Series A in 2021
Curefoods democratize access to good food on a sustainable basis. Good food is honest. They are in the business of selling food. To create the best food product out there, they assemble a team of people who are absolutely crazy about food.

Skill Lync

Series A in 2021
Skill Lync is an e-learning company focussed on providing mechanical engineering courses. Leveraging technology, the firm equips students with the technical skill set they require, to start and succeed in their respective career paths. Skill Lync was founded in 2015 and is based in Chennai, India.

Uniphore

Series D in 2021
Uniphore is a global technology company that specializes in multilingual speech recognition software for speech analytics, virtual assistance, and voice biometrics. Founded in 2008 and headquartered in Chennai, India, with additional offices in the U.S., Philippines, UAE, and Singapore, Uniphore aims to enhance customer service through its integrated suite of software products. Its offerings include auMina, which provides conversational analytics to transform customer interactions; akeira, an AI-enabled conversational assistant designed to improve customer engagement; and amVoice, a solution focused on preventing fraud and identity theft. Uniphore serves various sectors, including banking, insurance, retail, healthcare, and education, helping businesses leverage AI and automation technologies to improve customer engagement, build loyalty, and achieve operational efficiencies.

Ushur

Series B in 2021
Ushur, Inc. develops a service engagement platform to automate backend processes and external conversations with customers. The company’s solutions include ServiceNow, an online platform for transforming incident management and ticketing with automated messaging; Salesforce, an artificial intelligence-based platform for integrations between customer communications and salesforce; Jira Service Desk for workflow; and slack that automates tasks and communications. Its automation platform provides customer support, claims processing, billing, agent assistance, and sales enablement services. It serves insurance, finance, telecommunication, and customer service industries. The company was incorporated in 2014 and is based in Santa Clara, California with an additional office in Bengaluru, India.

CoreStack

Venture Round in 2020
CoreStack is a cloud management platform that aids enterprises in achieving continuous cloud compliance and autonomous governance. Founded in 2016 and headquartered in Bellevue, Washington, the company provides a multi-cloud compliance platform that addresses observability, consumption, compliance, and cost management. By leveraging cloud-native technology and enabling connector-less integration, CoreStack facilitates dynamic discovery and orchestration of multi-cloud resources. Its solutions empower organizations to enhance business agility while ensuring predictable outcomes in line with budgets and policies. CoreStack's platform is utilized by several leading global enterprises across various industries, reinforcing its commitment to automating cloud operations and ensuring compliance.

Servify

Series C in 2020
Servify is a mobile-based solution designed to serve as a personal assistant for consumers' electronic gadgets and appliances. The platform enables users to store bills and warranties in the cloud and connects them with authorized service providers for reliable repairs. Additionally, Servify offers a self-learning post-purchase service platform that integrates multiple partners within the post-sales service ecosystem. This allows enterprises to effectively manage the ownership experience of their products throughout their lifecycle, providing guidance for future purchases and enhancing overall customer satisfaction.

FreshToHome

Series C in 2020
Freshtohome is an online grocery store that sells a range of seafood and meat to its users. The website’s range of products include fish, poultry, mutton, steaks, and fillet. Fish consists of shell, freshwater, and marine. Furthermore, it enables suppliers to supply their seafood and meat to the website. Freshtohome was launched in 2015 by Shan Kadavil and is based in Bangalore.

BlueStone

Series E in 2020
BlueStone is a jewelry retail company that operates both online and offline, aiming to modernize the fine jewelry and lifestyle segment in India and internationally. It offers a wide range of products, including designer rings, pendants, earrings, mangalsutras, bangles, bracelets, and solitaire diamonds. Customers can shop with confidence, as BlueStone provides a money-back guarantee, certification for its products, and a lifetime exchange policy. With features such as cash on delivery, free shipping, and a 30-day free return policy, the company seeks to enhance the luxury shopping experience while allowing consumers to enjoy the convenience of purchasing jewelry from home.

Servify

Series C in 2020
Servify is a mobile-based solution designed to serve as a personal assistant for consumers' electronic gadgets and appliances. The platform enables users to store bills and warranties in the cloud and connects them with authorized service providers for reliable repairs. Additionally, Servify offers a self-learning post-purchase service platform that integrates multiple partners within the post-sales service ecosystem. This allows enterprises to effectively manage the ownership experience of their products throughout their lifecycle, providing guidance for future purchases and enhancing overall customer satisfaction.

Testbook

Series B in 2020
Testbook Edu Solutions Private Limited is an online platform dedicated to providing exam preparation services, particularly for government competitive exams. Founded in 2013 and based in Navi Mumbai, India, Testbook allows users to learn new concepts and take numerous mock tests, facilitating a comparative analysis of their performance against thousands of other aspirants. The platform offers detailed analytics, helping users identify their weak areas and improve their preparation strategies. Through its comprehensive resources, Testbook aims to enhance the exam readiness of its users.

FreshToHome

Series B in 2019
Freshtohome is an online grocery store that sells a range of seafood and meat to its users. The website’s range of products include fish, poultry, mutton, steaks, and fillet. Fish consists of shell, freshwater, and marine. Furthermore, it enables suppliers to supply their seafood and meat to the website. Freshtohome was launched in 2015 by Shan Kadavil and is based in Bangalore.

Uniphore

Series C in 2019
Uniphore is a global technology company that specializes in multilingual speech recognition software for speech analytics, virtual assistance, and voice biometrics. Founded in 2008 and headquartered in Chennai, India, with additional offices in the U.S., Philippines, UAE, and Singapore, Uniphore aims to enhance customer service through its integrated suite of software products. Its offerings include auMina, which provides conversational analytics to transform customer interactions; akeira, an AI-enabled conversational assistant designed to improve customer engagement; and amVoice, a solution focused on preventing fraud and identity theft. Uniphore serves various sectors, including banking, insurance, retail, healthcare, and education, helping businesses leverage AI and automation technologies to improve customer engagement, build loyalty, and achieve operational efficiencies.

Uniphore

Series C in 2019
Uniphore is a global technology company that specializes in multilingual speech recognition software for speech analytics, virtual assistance, and voice biometrics. Founded in 2008 and headquartered in Chennai, India, with additional offices in the U.S., Philippines, UAE, and Singapore, Uniphore aims to enhance customer service through its integrated suite of software products. Its offerings include auMina, which provides conversational analytics to transform customer interactions; akeira, an AI-enabled conversational assistant designed to improve customer engagement; and amVoice, a solution focused on preventing fraud and identity theft. Uniphore serves various sectors, including banking, insurance, retail, healthcare, and education, helping businesses leverage AI and automation technologies to improve customer engagement, build loyalty, and achieve operational efficiencies.

NowFloats

Debt Financing in 2019
NowFloats enables Small and Medium Businesses (SME) to get an online presence by simply using SMS. This website can also be updated by sending regular SMS and this message can be delivered to the loyal customers of that business. Additionally the NowFloats algorithm ensures highest discoverability through intelligent Search Engine Optimization (SEO). There are 47M Small & Medium Businesses in India, while there are only 700K registered websites. It is also estimated that almost 9.6M Indian businesses need some sort of online identity. With 900M+ mobile phones and SMS being the pervasive technology, NowFloats believes that getting business online thru SMS (or Apps) is a scalable and sustainable business. NowFloats is co-founded by ex-Microsoft and ex-Saatchi & Saatchi team and has almost 2000 customers within 5 months of the product launch.

Vyome Therapeutics

Series D in 2019
Vyome Therapeutics focuses on developing innovative treatments for antibiotic-resistant acne and other pathogens through a unique pipeline of antibiotics designed to slow the development of resistance. The company's product portfolio includes VB 1953, its lead molecule targeting the significant unmet needs in the resistant acne market, along with various anti-dandruff products such as VB 001 (a leave-on scalp care treatment), VB 2421 (a hair gel), VB 3222 (a wash-off shampoo), and VB 7731 (a Ketoconazole emulsion gel). Established in 2010 and based in Princeton, New Jersey, the company incorporates advanced research and development capabilities, including formulation, analytical, and clinical divisions. Vyome's management team boasts extensive expertise in dermatology and has a proven track record of successfully launching numerous products. The firm is committed to addressing refractory skin conditions and aims to bring its innovative therapies to market effectively.

Sedemac

Venture Round in 2018
SEDEMAC Mechatronics Pvt. Ltd. develops, manufactures, and supplies power train controls for small engines and powertrains. It offers genset controllers, including GC 500, GC 1100, GC, 1200, GC 2100, and GC 2299; electronic governors, including EG 1298 controller, B12 ECU, B12 actuators; and I18 actuators; variable speed engine controls, SmartConfig (GUI), which is a PC based parameter; ATS controllers; exhaust gas recirculation controls, and ignition control technology. It also provides smart ignition and controls intensive ECU's for 2 and 3 wheelers controls. The company offers LiveTronics, a Web and app-based control and monitoring solution for generators. The company serves OEMs/established engine manufacturers. SEDEMAC Mechatronics Pvt. Ltd. was founded in 2007 and is based in Pune, India with manufacturing plants in Pune, India.

Servify

Series B in 2018
Servify is a mobile-based solution designed to serve as a personal assistant for consumers' electronic gadgets and appliances. The platform enables users to store bills and warranties in the cloud and connects them with authorized service providers for reliable repairs. Additionally, Servify offers a self-learning post-purchase service platform that integrates multiple partners within the post-sales service ecosystem. This allows enterprises to effectively manage the ownership experience of their products throughout their lifecycle, providing guidance for future purchases and enhancing overall customer satisfaction.

NowFloats

Series C in 2018
NowFloats enables Small and Medium Businesses (SME) to get an online presence by simply using SMS. This website can also be updated by sending regular SMS and this message can be delivered to the loyal customers of that business. Additionally the NowFloats algorithm ensures highest discoverability through intelligent Search Engine Optimization (SEO). There are 47M Small & Medium Businesses in India, while there are only 700K registered websites. It is also estimated that almost 9.6M Indian businesses need some sort of online identity. With 900M+ mobile phones and SMS being the pervasive technology, NowFloats believes that getting business online thru SMS (or Apps) is a scalable and sustainable business. NowFloats is co-founded by ex-Microsoft and ex-Saatchi & Saatchi team and has almost 2000 customers within 5 months of the product launch.

BlueStone

Venture Round in 2018
BlueStone is a jewelry retail company that operates both online and offline, aiming to modernize the fine jewelry and lifestyle segment in India and internationally. It offers a wide range of products, including designer rings, pendants, earrings, mangalsutras, bangles, bracelets, and solitaire diamonds. Customers can shop with confidence, as BlueStone provides a money-back guarantee, certification for its products, and a lifetime exchange policy. With features such as cash on delivery, free shipping, and a 30-day free return policy, the company seeks to enhance the luxury shopping experience while allowing consumers to enjoy the convenience of purchasing jewelry from home.

NowFloats

Series B in 2017
NowFloats enables Small and Medium Businesses (SME) to get an online presence by simply using SMS. This website can also be updated by sending regular SMS and this message can be delivered to the loyal customers of that business. Additionally the NowFloats algorithm ensures highest discoverability through intelligent Search Engine Optimization (SEO). There are 47M Small & Medium Businesses in India, while there are only 700K registered websites. It is also estimated that almost 9.6M Indian businesses need some sort of online identity. With 900M+ mobile phones and SMS being the pervasive technology, NowFloats believes that getting business online thru SMS (or Apps) is a scalable and sustainable business. NowFloats is co-founded by ex-Microsoft and ex-Saatchi & Saatchi team and has almost 2000 customers within 5 months of the product launch.

Snapdeal

Secondary Market in 2016
Jasper Infotech Private Limited owns and operates an online shopping site for Internet users in India. It provides an assortment of products across various categories, including mobiles and tablets; computers, and office and gaming products; televisions, audio and video equipment, appliances, grooming products, and cameras; men's and women's fashion products; kids' toys and fashion products; home and kitchen furnishings/appliances; beauty and personal care products, and food and household essentials; sports, fitness, and outdoor equipment; books, musical instruments, and gift cards; motors and accessories; and real estate and financial services. The company was founded in 2007 and is based in New Delhi, India with regional offices including Bangalore, Mumbai, Calcutta, and Hyderabad.
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