BOV Capital

Founded in 2010, BOV Capital is a venture capital firm headquartered in Colombo, Sri Lanka with an additional office in Singapore. The firm specializes in early-stage investments across Sri Lanka, focusing on technology startups.

Prajeeth Balasubramaniam

Founding General Partner and Managing Director

Past deals in Sri Lanka

Linear Squared

Series A in 2018
Linear Squared is a Sri Lanka-based data science and advanced analytics company focused on AI and ML and other big data technologies. It develops AI-driven SaaS data analytics products for commercial enterprises, enabling data-backed strategic decision-making. Its platforms include multivariate demand forecasting and automated planning to optimize operations, improve forecast accuracy, and streamline production scheduling.

InsureMe Insurance Brokers

Series A in 2018
InsureMe Insurance Brokers (Pvt) Ltd is an insurance brokerage firm based in Colombo, Sri Lanka, established in 1993. The company specializes in providing a range of insurance solutions, including life and general insurance, to both corporate and individual clients. InsureMe offers various types of coverage, such as motor vehicle insurance—both full and third-party—travel insurance, per-day motor vehicle insurance, and global health insurance. By operating within the insurance and banking sectors, InsureMe aims to enhance customer interaction and convenience, ultimately saving clients valuable time in managing their insurance needs.

ZigZag.lk

Series A in 2017
ZigZag.lk is an online fashion and lifestyle retail store based in Colombo, Sri Lanka, specializing in women's apparel. The platform offers a diverse range of products, including dresses, sarees, plus-size clothing, shoes, bags, and jewelry. ZigZag.lk curates collections from both local and international designers, ensuring customers have access to unique and elegant designs that reflect the latest fashion trends. By focusing on quality and style, the company aims to enhance the everyday wardrobe of its clientele, allowing them to shop for garments that cater to their individual tastes and fashion demands.

Linear Squared

Seed Round in 2016
Linear Squared is a Sri Lanka-based data science and advanced analytics company focused on AI and ML and other big data technologies. It develops AI-driven SaaS data analytics products for commercial enterprises, enabling data-backed strategic decision-making. Its platforms include multivariate demand forecasting and automated planning to optimize operations, improve forecast accuracy, and streamline production scheduling.

Simplex Delivery

Seed Round in 2016
Simplex Delivery is the largest and fastest last-mile logistics service provider in Sri Lanka, specializing in e-commerce shipments. The company focuses on ensuring next-day delivery across the island, making it possible for customers to receive their products even in the most remote locations. By streamlining the delivery process, Simplex aims to enhance the efficiency of e-commerce operations, ensuring timely and reliable service for businesses and their customers.

BusSeat.lk

Seed Round in 2015
BusSeat.lk operates as an online bus booking platform, facilitating the purchase and sale of bus seats. Passengers can conveniently buy tickets through their website or mobile app, receiving a confirmation text message with travel details upon reservation. The platform offers ticket booking services for long-distance rides and includes a live location tracking feature to enhance the passenger experience by providing ease and convenience.

ZigZag.lk

Seed Round in 2015
ZigZag.lk is an online fashion and lifestyle retail store based in Colombo, Sri Lanka, specializing in women's apparel. The platform offers a diverse range of products, including dresses, sarees, plus-size clothing, shoes, bags, and jewelry. ZigZag.lk curates collections from both local and international designers, ensuring customers have access to unique and elegant designs that reflect the latest fashion trends. By focusing on quality and style, the company aims to enhance the everyday wardrobe of its clientele, allowing them to shop for garments that cater to their individual tastes and fashion demands.

Trekurious

Convertible Note in 2013
Trekurious is a company that specializes in designing and curating unique dining experiences in Mumbai and Sri Lanka. Initially successful in offering curated boxed lunches prepared by home chefs in Mumbai, Trekurious aims to expand its operations by establishing a central kitchen and partnering with multiple distribution channels. In addition to its dining services, the company also provides premium travel and lifestyle offerings, enhancing the overall customer experience through thoughtful curation.

Trekurious

Seed Round in 2012
Trekurious is a company that specializes in designing and curating unique dining experiences in Mumbai and Sri Lanka. Initially successful in offering curated boxed lunches prepared by home chefs in Mumbai, Trekurious aims to expand its operations by establishing a central kitchen and partnering with multiple distribution channels. In addition to its dining services, the company also provides premium travel and lifestyle offerings, enhancing the overall customer experience through thoughtful curation.

Takas

Seed Round in 2012
Takas (Pvt) Ltd. is an e-commerce platform based in Colombo, Sri Lanka, specializing in the retail of consumer electronics and a diverse array of products. Established in 2012, the company offers a wide selection of electronics, including mobile phones, laptops, cameras, audio systems, and various accessories. Beyond electronics, Takas provides home and garden items, beauty and health products, clothing and footwear, baby products, automotive supplies, and stationery, among others. The company aims to deliver exceptional service and extensive product choices to customers across Sri Lanka, with a commitment to island-wide delivery. As a subsidiary of Ideal Group (Pvt.) Ltd., Takas is focused on expanding its reach and enhancing its product offerings to meet the evolving needs of its customers.
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