SphitiCap

SphitiCap is a venture capital firm established in 2022 and based in Noida, India. The firm is focused on early-stage investments and aims to support innovative founders across various sectors. SphitiCap targets companies in agritech, cleantech, direct-to-consumer (D2C), deep tech, digital media, fintech, logistics, proptech, software as a service (SaaS), and space tech. By concentrating on these areas, SphitiCap seeks to foster growth and innovation within the Indian startup ecosystem.

Mayank Mehra

Co-Founder and Managing Partner

4 past transactions

Garuda Aerospace

Series A in 2023
Garuda Aerospace specializes in the design, construction, and customization of unmanned aerial vehicles (UAVs) and drones, serving a variety of applications. The company addresses diverse needs including event photography, agricultural surveys, reconnaissance, surveillance, and environmental services. By providing advanced UAV solutions, Garuda Aerospace enables governments and businesses to undertake various projects, such as sanitation and health initiatives. In addition to its hardware offerings, the company also provides drone training and certification services, ensuring that users are well-equipped to operate these technologies effectively.

Corrit Electric

Series A in 2022
Corrit Electric is an innovative manufacturer of electric two-wheelers designed to offer an eco-friendly transportation option for teenagers and tourists. The company focuses on providing modern features, including high load-carrying capacity, dual disc brakes, tubeless tires, and dual shock absorbers, which ensure a safer and cleaner riding experience. Corrit Electric's vehicles can be used without a license or registration, making them accessible to a wider audience. Additionally, customers have the option to customize their rides according to personal preferences, enhancing the overall appeal of their products.

Payveda

Series A in 2022
PayVEDA is a fintech platform focused on addressing the financial needs of underserved regions in India. It offers agent-based payment solutions that cater to both consumers and businesses. The platform facilitates a range of services, including cash deposits, cash withdrawals, money transfers, bill payments, air-time recharges, railway ticketing, and various digital payment methods such as MPOS and QR code payments. By providing these financial management solutions, PayVEDA aims to simplify the process of receiving and transferring money, thereby enhancing access to financial opportunities for its users.

ClearDekho

Series A in 2022
ClearDekho is an online eyewear marketplace based in Uttar Pradesh, specializing in a diverse selection of eyewear products. The company offers prescription eyeglasses, sunglasses, reading glasses, computer glasses, and branded contact lenses. It provides customers with the convenience of purchasing eyewear through both online and offline channels, ensuring affordability and accessibility. ClearDekho aims to meet the growing demand for quality eyewear while catering to a wide range of customer needs.
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