Iron Pillar

Iron Pillar Capital Management Ltd is a venture capital firm based in Mumbai, India, specializing in mid-stage technology investments. Founded in 2016, it focuses on providing growth capital to innovative companies in the consumer and enterprise technology sectors, targeting investments in Series B, C, and D funding rounds. The firm typically invests between $5 million and $10 million for equity stakes ranging from 5% to 20%. Iron Pillar aims to partner with proven businesses post-Series A, leveraging the extensive experience of its founding team, which collectively possesses over 120 years in venture investing, operations, and technology. The firm has a global presence with additional offices in Singapore, Mauritius, and Palo Alto, and actively collaborates with entrepreneurs to help scale their ventures.

Ashok Ananthakrishnan

Partner

Harish Hulyalkar

Partner

Anand Prasanna

Managing Partner

Ashish Shah

Partner and Chief Financial Officer

29 past transactions

Pando

Series B in 2023
Pando provides an open-market, freight management platform which digitizes logistics operations. Its vision is to ease and enable commerce, through digital deliveries. Pando aims to increase efficiencies in the delivery ecosystem of traditional enterprises, through the introduction of advanced connectivity of and data sharing between devices, information systems, services, and stakeholders by building a network of digital delivery stakeholders on a single platform interface which users, and companies to digitize information, transactions, communication, and documentation across the board. Pando was founded in 2015 and is based in Chennai.

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. provides software solutions for the automotive and mobility companies. The company's product includes OTA software updates, vehicle log, remote vehicle diagnostics, fleet analytics dashboard, work order management, and fleet management. Sibros Technologies, Inc. was incorporated in 2018 and is based in Folsom, California.

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 Inc

Series B in 2021
CoreStack empowers enterprises to achieve continuous and autonomous cloud governance so they can accelerate innovation and deliver predictable outcomes. The company ensures cloud compliance and automating cloud operations. CoreStack's cloud-native, multi-cloud compliance platform is used today by many global enterprises. It is used today by many leading global enterprises across multiple industries. CoreStack was founded in 2016 and is headquartered in Bellevue, Washington.

Jiffy.ai

Venture Round in 2021
Jiffy.ai is a software company that offers AI-powered intelligent and integrated platform for the modern-day digital enterprise. It helps businesses automate tasks through intelligent robots that can detect and adapt automated scenarios based on change. This allows organizations to utilize their staff more productively, without having to worry about tasks that are critical yet add no value to the system. Right from processing unstructured data that is captured in different formats, to making cognitive decisions and using NLP and ML-based algorithms, JiffyRPA has helped customers achieve close to 90+% of automation. This is significant as most of the traditional RPA solutions are rule-based and only achieve lower automation levels for complex processes.

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 Inc

Venture Round in 2020
CoreStack empowers enterprises to achieve continuous and autonomous cloud governance so they can accelerate innovation and deliver predictable outcomes. The company ensures cloud compliance and automating cloud operations. CoreStack's cloud-native, multi-cloud compliance platform is used today by many global enterprises. It is used today by many leading global enterprises across multiple industries. CoreStack was founded in 2016 and is headquartered in Bellevue, Washington.

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.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.

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.com

Series B in 2020
Testbook.com is a platform that provides government exam preparation. Users can learn new concepts, attempt numerous mock tests to compare their preparation level with thousands of fellow aspirants. It provides users with relevant analytics on his performance in the mock tests to pinpoint their weak areas of preparation. It was founded in 2013 and is based in Navi Mumbai, Maharashtra

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.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.

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
Snapdeal is India's largest no-frills e-commerce marketplace, serving millions of customers and partnering with over 500,000 sellers. It features a vast catalog with 200 million listings across 600 categories, including home essentials, kitchenware, apparel, fashion accessories, mobile devices, electronics, and books. The platform is known for providing value-focused products and competitive deals on branded items. Key investors in Snapdeal include SoftBank, Alibaba, Temasek, BlackRock, and Foxconn, reflecting its significant presence in the Indian e-commerce landscape.