IvyCap Ventures

IvyCap Ventures is a Mumbai-based venture capital firm founded in 2011 that targets early-stage investments in India. It pursues an entrepreneur-centric approach and seeks to build a portfolio of world-class enterprises powered by innovative founders. The firm invests across consumer tech, fintech, agritech and delivery, health tech, software and enterprise solutions, edtech, skill tech, logistics, and aviation sectors.

Vishal Gauri Ph.D

Co-Founder and Partner

Sukesh Khandelwal

CFO

Anshuman Khanna

Principal, Investments

Aashish Vanigota

Principal, Investments

Ashish Wadhwani

Co-Founder and Managing Partner

Past deals in Clothes

GreenStitch.io

Seed Round in 2025
GreenStitch enables the textile and apparel industries to address major difficulties. Our goal is to help consumers achieve seamless net zero status and promote sustainability success. We provide solutions for monitoring and accelerating environmental and social impact reduction, assisting businesses and suppliers on their road to a better world.

Snitch

Series A in 2023
Snitch is a fashion brand that operates primarily online, offering party and leisure wear, formal dresses, and men's and general apparel through its e-commerce platform, with an emphasis on affordable pricing.

Bewakoof

Series B in 2021
Bewakoof is a direct-to-consumer online apparel platform established in 2012, focused on providing fashion products for both men and women. The company operates on a direct-fashion model, manufacturing and selling its products exclusively through its own website and mobile application. This approach allows Bewakoof to offer quality apparel and accessories at affordable prices while fostering a positive impact on its customers and the community. Committed to innovation and creativity, Bewakoof aims to explore new ideas even without guaranteed success, reflecting its founding principles that emphasize the importance of caring for others alongside pursuing business objectives.

Bewakoof

Series A in 2021
Bewakoof is a direct-to-consumer online apparel platform established in 2012, focused on providing fashion products for both men and women. The company operates on a direct-fashion model, manufacturing and selling its products exclusively through its own website and mobile application. This approach allows Bewakoof to offer quality apparel and accessories at affordable prices while fostering a positive impact on its customers and the community. Committed to innovation and creativity, Bewakoof aims to explore new ideas even without guaranteed success, reflecting its founding principles that emphasize the importance of caring for others alongside pursuing business objectives.

Clovia

Series C in 2019
Clovia is a lingerie brand that specializes in manufacturing and selling a diverse range of products, including fashion lingerie, innerwear, nightwear, and shapewear. Aimed at Indian women, Clovia addresses the need for stylish and comfortable undergarments, moving away from traditional one-size-fits-all options. The company operates over 200 stores across 50 locations, providing women with access to designer-quality lingerie at affordable prices. Clovia's focus on solution-based, premium products positions it as a modern alternative in the lingerie market, catering to the evolving preferences of its customers.

Clovia

Series B in 2017
Clovia is a lingerie brand that specializes in manufacturing and selling a diverse range of products, including fashion lingerie, innerwear, nightwear, and shapewear. Aimed at Indian women, Clovia addresses the need for stylish and comfortable undergarments, moving away from traditional one-size-fits-all options. The company operates over 200 stores across 50 locations, providing women with access to designer-quality lingerie at affordable prices. Clovia's focus on solution-based, premium products positions it as a modern alternative in the lingerie market, catering to the evolving preferences of its customers.

Clovia

Series A in 2015
Clovia is a lingerie brand that specializes in manufacturing and selling a diverse range of products, including fashion lingerie, innerwear, nightwear, and shapewear. Aimed at Indian women, Clovia addresses the need for stylish and comfortable undergarments, moving away from traditional one-size-fits-all options. The company operates over 200 stores across 50 locations, providing women with access to designer-quality lingerie at affordable prices. Clovia's focus on solution-based, premium products positions it as a modern alternative in the lingerie market, catering to the evolving preferences of its customers.

eShakti.com

Series B in 2014
eShakti.com Pvt Ltd is an international fashion design company based in Chennai, India, with a design studio in New York, New York. Founded in 1999, the company specializes in manufacturing custom clothing for women, offering a wide range of products including dresses, tops, shirts, jackets, denims, pants, and occasion wear. eShakti.com allows customers to personalize their clothing by choosing designs and providing specific measurements, catering to women in sizes 0 through 36. The company's commitment is to provide affordable fashion that enhances the individual style and fit for every woman. Products are available for purchase online, and gift cards are also offered to customers.

Snitch

Snitch is a fashion brand that operates primarily online, offering party and leisure wear, formal dresses, and men's and general apparel through its e-commerce platform, with an emphasis on affordable pricing.
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