Iron Pillar

Iron Pillar, established in 2016, is a Mumbai-based venture growth investor specializing in mid-stage technology investments in India. The firm focuses on Consumer Tech and Enterprise Tech sectors, backing proven companies post-Series A funding. With a 6-member founding team boasting over 100 years of combined experience in venture investing, M&A, operations, and technology, Iron Pillar actively partners with entrepreneurs and early-stage investors to support companies' growth. They provide strategic guidance, facilitate global business expansion, and offer access to C-level talent and strategic capital introductions. Iron Pillar's investment size typically ranges from USD 5 million to USD 20 million, with a focus on the information technology sector.

Devavrat Jatia

Vice President

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

34 past transactions

ToneTag

Series B in 2025
ToneTag is a digital payments startup that focuses on developing a mobile payment platform to provide cashless and contactless payment solutions across various devices. The platform utilizes data-over-sound technology to facilitate contactless money withdrawals from ATMs, enable cashless payments at toll plazas and parking areas, and support mobile payments at railway ticket counters. Additionally, ToneTag offers an inventory management system for merchants, enhancing operational efficiency. The company collaborates with the National Payments Corporation of India to support UPI123 Pay, a feature phone-based payment system, ensuring that users can access secure proximity payments even without data connectivity.

Curefoods

Series D in 2024
Curefoods is a prominent multi-brand cloud kitchen chain in India, focusing on food delivery and cooking across a wide range of cuisines. With over 200 kitchens, the company manages a diverse portfolio of food brands such as EatFit, Yumlane, Aligarh House Biryani, MasalaBox, and Paratha Box, catering to various customer preferences. Curefoods is dedicated to democratizing access to quality food in a sustainable manner, operating premises designed for cooking and serving nutritious meals. By acquiring and collaborating with smaller, successful food brands, Curefoods fosters their growth and integrates them into its operations, thereby offering customers an extensive selection of options while maintaining high standards of quality and sustainability.

Fold Health

Seed Round in 2023
FoldHealth is a digital health platform established in November 2021 in San Francisco, California, aimed at enhancing healthcare delivery and outcomes. The company focuses on streamlining operations for healthcare providers by integrating various workflows, including payments, customer relationship management, and marketing automation, into a unified application. This platform simplifies administrative management, analytics, communication, and clinical processes, allowing healthcare professionals to efficiently coordinate care campaigns. By leveraging existing resources and technology, FoldHealth seeks to facilitate a transition from fee-for-service models to value-based care, ultimately improving patient health management while reducing administrative burdens.

Pando

Series B in 2023
Pando offers AI agents for logistics, enabling manufacturers, distributors, and retailers to automate their logistics operations to build agility, control freight spend, and reduce carbon footprint. Trusted by Fortune 500 enterprises with global customers across North America, Europe, and Asia Pacific regions, Pando is pioneering the future of autonomous logistics with cutting-edge AI capabilities. In today's complex supply chain landscape, logistics leaders are caught between rising costs, service demands, and operational complexities. Logistics teams are weighed down by hundreds of manual & cumbersome tactical decisions with very little time to focus on strategic priorities. They are always under pressure to 'do more with less' with the inability to drive operational agility given the unpredictability and disruptions across the global supply chain landscape. Pando's AI agents enable manufacturers, distributors, and retailers to replace manual, error-prone logistics tasks with intelligent automation to unlock unprecedented efficiency and cost savings by replacing the need for hiring additional staff or deploying more software. Pando redefines both logistics and talent strategies, accelerating the shift toward a world where Human Ingenuity and Artificial Intelligence work together to drive complex business processes. Pando’s AI agents act as extended team members, enabling logistics teams to delegate important yet repetitive decisions to these agents, who execute them with unmatched accuracy. Pando supercharges global logistics teams with its cutting-edge AI capabilities, enabling them to focus on strategic priorities and create a competitive edge. Pando is recognized by Gartner for its transportation management capabilities, by the World Economic Forum (WEF) as a Technology Pioneer, by G2 as a Market Leader in Freight Management, and named one of the fastest-growing technology companies by Deloitte. For more information, visit www.pando.ai.

Curefoods

Debt Financing in 2023
Curefoods is a prominent multi-brand cloud kitchen chain in India, focusing on food delivery and cooking across a wide range of cuisines. With over 200 kitchens, the company manages a diverse portfolio of food brands such as EatFit, Yumlane, Aligarh House Biryani, MasalaBox, and Paratha Box, catering to various customer preferences. Curefoods is dedicated to democratizing access to quality food in a sustainable manner, operating premises designed for cooking and serving nutritious meals. By acquiring and collaborating with smaller, successful food brands, Curefoods fosters their growth and integrates them into its operations, thereby offering customers an extensive selection of options while maintaining high standards of quality and sustainability.

Curefoods

Venture Round in 2023
Curefoods is a prominent multi-brand cloud kitchen chain in India, focusing on food delivery and cooking across a wide range of cuisines. With over 200 kitchens, the company manages a diverse portfolio of food brands such as EatFit, Yumlane, Aligarh House Biryani, MasalaBox, and Paratha Box, catering to various customer preferences. Curefoods is dedicated to democratizing access to quality food in a sustainable manner, operating premises designed for cooking and serving nutritious meals. By acquiring and collaborating with smaller, successful food brands, Curefoods fosters their growth and integrates them into its operations, thereby offering customers an extensive selection of options while maintaining high standards of quality and sustainability.

Ushur

Series C in 2023
Ushur, Inc. is a cloud-based service engagement platform that specializes in automating backend processes and enhancing customer interactions through intelligent automation solutions. Founded in 2014 and headquartered in Santa Clara, California, with an additional office in Bengaluru, India, Ushur offers a range of products designed to streamline service workflows across various industries, including insurance, finance, telecommunications, and customer service. Notable offerings include the Ushur Virtual Customer Assistant, which automates communications with customers, and Ushur SmartMail, which processes high volumes of emails for insurers. The Ushur Flowbuilder allows teams to create and manage digital engagements without extensive coding knowledge. By integrating Robotic Process Automation and advanced language intelligence, Ushur helps organizations improve efficiency in claims processing, customer support, billing, and enrollment, thereby transforming service workflows and enhancing customer experience.

FreshToHome

Series D in 2023
FreshToHome is an online grocery store based in Bangalore that specializes in delivering fresh and healthy seafood and meat products to consumers. Launched in 2015 by Shan Kadavil, the platform offers a diverse range of products including fish, poultry, mutton, steaks, and marinated foods, all sourced from suppliers committed to providing items free from chemicals and preservatives. FreshToHome's service model not only facilitates the direct supply of high-quality products but also ensures convenient doorstep delivery, making it easier for customers to access nutritious food options at reasonable prices.

Servify

Series D in 2022
Servify is a mobile-based platform designed to enhance the ownership experience of electronic gadgets and appliances for consumers. It serves as a personal assistant that allows users to store important documents such as bills and warranties in the cloud. Additionally, Servify connects users with brand-authorized service providers, ensuring reliable repair and maintenance when needed. The platform integrates various partners within the post-sales service ecosystem and offers device lifecycle management services, enabling enterprises to effectively manage the post-purchase experience and guide consumers in their future purchasing decisions. Through its comprehensive service offerings, Servify aims to deliver a seamless and satisfactory customer experience.

Curefoods

Series C in 2022
Curefoods is a prominent multi-brand cloud kitchen chain in India, focusing on food delivery and cooking across a wide range of cuisines. With over 200 kitchens, the company manages a diverse portfolio of food brands such as EatFit, Yumlane, Aligarh House Biryani, MasalaBox, and Paratha Box, catering to various customer preferences. Curefoods is dedicated to democratizing access to quality food in a sustainable manner, operating premises designed for cooking and serving nutritious meals. By acquiring and collaborating with smaller, successful food brands, Curefoods fosters their growth and integrates them into its operations, thereby offering customers an extensive selection of options while maintaining high standards of quality and sustainability.

Sibros

Series B in 2022
Sibros is a technology company that specializes in software-defined vehicle management through its Deep Connected Platform™. This platform integrates real-time data collection, software configuration management, remote updates, and diagnostic commands, all while adhering to stringent automotive safety, security, and data privacy standards. Sibros's solutions are versatile and can be implemented across various vehicle architectures, including legacy gas and diesel engines, next-generation battery electric vehicles, fuel cells, motorcycles, buses, commercial trucks, and heavy machinery. By leveraging advanced technology developed in Silicon Valley, Sibros empowers original equipment manufacturers (OEMs) to enhance customer experiences, reduce costs, and explore new revenue opportunities throughout the entire mobility product life cycle. The company's software manages a vehicle's complete software inventory and configurations, facilitating the delivery of connected vehicle services and personalized mobility solutions at scale.

Curefoods

Venture Round in 2022
Curefoods is a prominent multi-brand cloud kitchen chain in India, focusing on food delivery and cooking across a wide range of cuisines. With over 200 kitchens, the company manages a diverse portfolio of food brands such as EatFit, Yumlane, Aligarh House Biryani, MasalaBox, and Paratha Box, catering to various customer preferences. Curefoods is dedicated to democratizing access to quality food in a sustainable manner, operating premises designed for cooking and serving nutritious meals. By acquiring and collaborating with smaller, successful food brands, Curefoods fosters their growth and integrates them into its operations, thereby offering customers an extensive selection of options while maintaining high standards of quality and sustainability.

CoreStack

Series B in 2021
CoreStack is a cloud management platform founded in 2016 and headquartered in Bellevue, Washington. The company focuses on enabling enterprises to achieve continuous cloud compliance and autonomous cloud governance. Its platform assists organizations in managing observability, consumption, compliance, and costs by utilizing cloud-native technology and facilitating connector-less integration, dynamic discovery, and orchestration of multi-cloud inventory. By leveraging these capabilities, CoreStack empowers businesses to maximize agility and enhance their operational efficiency, ultimately delivering predictable outcomes aligned with their budgets and policies. The platform is utilized by numerous global enterprises across various industries, underscoring its effectiveness in 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. The company's innovative solution enables businesses to automate complex tasks through intelligent robotics, adapting processes based on changing scenarios. This approach not only streamlines operations but also allows organizations to redeploy their workforce toward more productive activities, alleviating the burden of low-value tasks. Jiffy.ai's platform can process unstructured data in various formats while offering cognitive decisions supported by natural language processing and machine learning algorithms. With capabilities that include automation across finance, operations, DevOps, and analytics, Jiffy.ai distinguishes itself from traditional RPA solutions, achieving automation levels greater than 90% in complex processes through its domain-ready capabilities and user-friendly interface.

Curefoods

Series A in 2021
Curefoods is a prominent multi-brand cloud kitchen chain in India, focusing on food delivery and cooking across a wide range of cuisines. With over 200 kitchens, the company manages a diverse portfolio of food brands such as EatFit, Yumlane, Aligarh House Biryani, MasalaBox, and Paratha Box, catering to various customer preferences. Curefoods is dedicated to democratizing access to quality food in a sustainable manner, operating premises designed for cooking and serving nutritious meals. By acquiring and collaborating with smaller, successful food brands, Curefoods fosters their growth and integrates them into its operations, thereby offering customers an extensive selection of options while maintaining high standards of quality and sustainability.

Skill Lync

Series A in 2021
Skill Lync is an e-learning company based in Chennai, India, established in 2015. It specializes in providing mechanical engineering courses and aims to equip students with the technical skills necessary for their careers. The company offers a diverse range of online courses designed by industry experts from around the world, enabling students to upgrade their skills and knowledge in an affordable manner. By leveraging technology, Skill Lync focuses on enhancing the educational experience, ensuring that learners can effectively start and succeed in their chosen fields.

Uniphore

Series D in 2021
Uniphore Software Systems Private Limited is a technology company that specializes in multilingual speech recognition software solutions focused on enhancing customer interactions. Founded in 2008 and headquartered in Chennai, India, with additional offices in Manila, Dubai, Palo Alto, and Singapore, Uniphore develops an integrated suite of software products that includes tools for conversational analytics, virtual assistance, and voice biometrics. Their offerings include auMina, a platform for transforming customer service through real-time conversation analysis, and akeira, an AI-enabled conversational assistant designed to enhance customer engagement. Uniphore caters to a diverse range of sectors such as banking, insurance, retail, healthcare, and government, enabling businesses to analyze conversations, improve customer service, and implement conversational security measures to prevent fraud. By leveraging natural language processing and sentiment analysis, Uniphore's solutions help organizations optimize their customer service operations and drive efficiency.

Ushur

Series B in 2021
Ushur, Inc. is a cloud-based service engagement platform that specializes in automating backend processes and enhancing customer interactions through intelligent automation solutions. Founded in 2014 and headquartered in Santa Clara, California, with an additional office in Bengaluru, India, Ushur offers a range of products designed to streamline service workflows across various industries, including insurance, finance, telecommunications, and customer service. Notable offerings include the Ushur Virtual Customer Assistant, which automates communications with customers, and Ushur SmartMail, which processes high volumes of emails for insurers. The Ushur Flowbuilder allows teams to create and manage digital engagements without extensive coding knowledge. By integrating Robotic Process Automation and advanced language intelligence, Ushur helps organizations improve efficiency in claims processing, customer support, billing, and enrollment, thereby transforming service workflows and enhancing customer experience.

CoreStack

Venture Round in 2020
CoreStack is a cloud management platform founded in 2016 and headquartered in Bellevue, Washington. The company focuses on enabling enterprises to achieve continuous cloud compliance and autonomous cloud governance. Its platform assists organizations in managing observability, consumption, compliance, and costs by utilizing cloud-native technology and facilitating connector-less integration, dynamic discovery, and orchestration of multi-cloud inventory. By leveraging these capabilities, CoreStack empowers businesses to maximize agility and enhance their operational efficiency, ultimately delivering predictable outcomes aligned with their budgets and policies. The platform is utilized by numerous global enterprises across various industries, underscoring its effectiveness in automating cloud operations and ensuring compliance.

Servify

Series C in 2020
Servify is a mobile-based platform designed to enhance the ownership experience of electronic gadgets and appliances for consumers. It serves as a personal assistant that allows users to store important documents such as bills and warranties in the cloud. Additionally, Servify connects users with brand-authorized service providers, ensuring reliable repair and maintenance when needed. The platform integrates various partners within the post-sales service ecosystem and offers device lifecycle management services, enabling enterprises to effectively manage the post-purchase experience and guide consumers in their future purchasing decisions. Through its comprehensive service offerings, Servify aims to deliver a seamless and satisfactory customer experience.

FreshToHome

Series C in 2020
FreshToHome is an online grocery store based in Bangalore that specializes in delivering fresh and healthy seafood and meat products to consumers. Launched in 2015 by Shan Kadavil, the platform offers a diverse range of products including fish, poultry, mutton, steaks, and marinated foods, all sourced from suppliers committed to providing items free from chemicals and preservatives. FreshToHome's service model not only facilitates the direct supply of high-quality products but also ensures convenient doorstep delivery, making it easier for customers to access nutritious food options at reasonable prices.

BlueStone

Series E in 2020
BlueStone is an omnichannel jewelry retailer that specializes in high-quality fine jewelry, combining both online and offline shopping experiences. The company offers an extensive selection, including diamond rings, earrings, necklaces, bracelets, and gold jewelry such as rings, chains, and bangles. Additionally, BlueStone features a range of gemstone jewelry, as well as platinum items. Committed to enhancing the luxury shopping experience, BlueStone provides customers with a money-back guarantee, certification for their products, and lifetime exchange options. The company's vision focuses on delivering beautifully designed jewelry while ensuring exceptional customer service and convenience for consumers.

Servify

Series C in 2020
Servify is a mobile-based platform designed to enhance the ownership experience of electronic gadgets and appliances for consumers. It serves as a personal assistant that allows users to store important documents such as bills and warranties in the cloud. Additionally, Servify connects users with brand-authorized service providers, ensuring reliable repair and maintenance when needed. The platform integrates various partners within the post-sales service ecosystem and offers device lifecycle management services, enabling enterprises to effectively manage the post-purchase experience and guide consumers in their future purchasing decisions. Through its comprehensive service offerings, Servify aims to deliver a seamless and satisfactory customer experience.

Testbook.com

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 based in Bangalore that specializes in delivering fresh and healthy seafood and meat products to consumers. Launched in 2015 by Shan Kadavil, the platform offers a diverse range of products including fish, poultry, mutton, steaks, and marinated foods, all sourced from suppliers committed to providing items free from chemicals and preservatives. FreshToHome's service model not only facilitates the direct supply of high-quality products but also ensures convenient doorstep delivery, making it easier for customers to access nutritious food options at reasonable prices.

Uniphore

Series C in 2019
Uniphore Software Systems Private Limited is a technology company that specializes in multilingual speech recognition software solutions focused on enhancing customer interactions. Founded in 2008 and headquartered in Chennai, India, with additional offices in Manila, Dubai, Palo Alto, and Singapore, Uniphore develops an integrated suite of software products that includes tools for conversational analytics, virtual assistance, and voice biometrics. Their offerings include auMina, a platform for transforming customer service through real-time conversation analysis, and akeira, an AI-enabled conversational assistant designed to enhance customer engagement. Uniphore caters to a diverse range of sectors such as banking, insurance, retail, healthcare, and government, enabling businesses to analyze conversations, improve customer service, and implement conversational security measures to prevent fraud. By leveraging natural language processing and sentiment analysis, Uniphore's solutions help organizations optimize their customer service operations and drive efficiency.

NowFloats

Debt Financing in 2019
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

Vyome Therapeutics

Series D in 2019
Vyome Therapeutics Inc. is a biopharmaceutical company focused on developing innovative drugs to address antibiotic-resistant acne and other related skin conditions. The company’s portfolio includes several products targeting skin disorders, with its lead molecule, VB 1953, specifically aimed at overcoming challenges in the drug-resistant acne market. In addition to VB 1953, Vyome's offerings encompass DARTS, aimed at preventing antibiotic resistance; VB 001, an anti-dandruff leave-on product; VB 2421, an anti-dandruff hair gel; VB 3222, a wash-off anti-dandruff shampoo; and VB 7731, a Ketoconazole emulsion gel. Established in 2010 and headquartered in Princeton, New Jersey, Vyome Therapeutics utilizes a robust development platform that emphasizes risk mitigation and a focus on validated targets. The company is equipped with advanced infrastructure for research and development, enabling efficient commercialization of its therapeutic innovations.

Sedemac

Venture Round in 2018
SEDEMAC is a manufacturer specializing in the development and deployment of innovative control technologies and mechatronic products. Established at the Indian Institute of Technology, Bombay, the company operates state-of-the-art development and manufacturing facilities in Pune, India. SEDEMAC produces electronic controllers designed for automotive and renewable energy applications, catering primarily to the two and three-wheeler and off-highway industries. Its products, which incorporate advanced control technologies developed in-house, are utilized globally in millions of vehicles and equipment. The company fosters a culture that encourages creativity and diligence among its engineers, focusing on delivering high-quality, affordable engine management systems to its customers.

NowFloats

Series C in 2018
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

BlueStone

Venture Round in 2018
BlueStone is an omnichannel jewelry retailer that specializes in high-quality fine jewelry, combining both online and offline shopping experiences. The company offers an extensive selection, including diamond rings, earrings, necklaces, bracelets, and gold jewelry such as rings, chains, and bangles. Additionally, BlueStone features a range of gemstone jewelry, as well as platinum items. Committed to enhancing the luxury shopping experience, BlueStone provides customers with a money-back guarantee, certification for their products, and lifetime exchange options. The company's vision focuses on delivering beautifully designed jewelry while ensuring exceptional customer service and convenience for consumers.

NowFloats

Series B in 2017
NowFloats is a company that empowers Small and Medium Businesses (SMEs) to establish an online presence using SMS technology. The platform allows businesses to create and update websites by sending text messages, ensuring high discoverability through intelligent Search Engine Optimization (SEO). This approach addresses the significant gap between the number of SMEs in India and those with registered websites, leveraging the widespread use of mobile phones and SMS. NowFloats also provides tools for analyzing website traffic and generating organic content to attract more customers. Founded by former Microsoft and Saatchi & Saatchi professionals, the company has quickly gained traction, serving nearly 2000 customers within five months of its product launch.

Snapdeal

Secondary Market in 2016
Snapdeal is India's largest online marketplace, launched in February 2010, that connects buyers and sellers across a wide range of product categories including mobile phones, electronics, apparel, cosmetics, and home goods. The platform is designed to create a reliable and frictionless commerce ecosystem, offering convenient delivery options even to remote areas. Snapdeal is notable for its competitive pricing, featuring daily deals and discounts that make various products accessible to consumers. It has established itself as a market leader in the retail space and is recognized for its significant presence in categories such as watches, sunglasses, and jewelry. With over 1,000 employees, Snapdeal fosters a vibrant work environment and continues to play a critical role in India's e-commerce landscape.

Flipspaces

Flipspaces Technology Labs Pvt Ltd., founded in 2015 and based in Mumbai, India, specializes in virtual reality solutions for interior design. The company has developed an innovative platform that enables users to visualize and experience their design concepts through simulated walk-throughs in a virtual environment. This technology empowers consumers to actively engage in the design process, allowing for real-time modifications to their interior projects. In addition to its VR capabilities, Flipspaces offers comprehensive contracting services, including product manufacturing and a network of curated vendors. This positions the company as a complete design-to-execution partner for businesses seeking to enhance their office spaces, as well as residential and commercial developers aiming to differentiate their projects.
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