IvyCap Ventures

IvyCap Ventures, established in 2011 and headquartered in Mumbai, is a private equity firm focusing on early-stage investments in India. The company employs an entrepreneur-centric investment strategy, seeking out innovative ideas and exceptional entrepreneurs in sectors such as consumer tech, fintech, agritech, health tech, SaaS, edtech, skill tech, logistics, and aviation. Its mission is to foster world-class enterprises by supporting and empowering entrepreneurs with the zeal to drive their ventures forward.

Sukesh Khandelwal

CFO

Anshuman Khanna

Principal, Investments

Tej Kapoor

Managing Partner and Managing Director

Ashish Wadhwani

Managing Partner

Aashish Vanigota

Principal, Investments

Past deals in South Asia

Expertrons

Seed Round in 2023
Expertrons is an AI-based video bot platform established in 2019 and headquartered in Mumbai, Maharashtra, India. The company focuses on assisting students and professionals in managing their careers and achieving their goals. Its platform utilizes artificial intelligence to provide expert recommendations through video bots, enabling users to secure dream jobs, internships, or admission to management schools.

Convosight

Series B in 2022
Convosight is a community management platform based in New Delhi, India, designed for Facebook group administrators seeking to enhance engagement and monetization of their online communities. The platform offers a software-as-a-service (SaaS) solution that leverages data analytics and machine learning to assist community builders in managing their groups effectively. Convosight provides valuable insights such as member engagement metrics, growth rates, and active participation levels, enabling clients to foster a vibrant community and capitalize on its potential. The comprehensive tools and features offered by Convosight empower community entrepreneurs to engage their members effectively and drive business growth.

Elucidata

Series A in 2022
Elucidata Corporation, founded in 2015 and headquartered in New Delhi, India, specializes in accelerating drug discovery through its proprietary SaaS platform, Polly. This platform transforms drug discovery by delivering machine learning-ready biomedical molecular data, supported by a vast repository of over 230,000 multi-omic datasets, with more than 50,000 datasets added monthly. Polly curates this data semi-automatically, enabling data-driven drug discovery teams to integrate proprietary and public biomedical data for machine learning applications. By adhering to the FAIR guidelines, Polly's Data Lakes provide exclusive access to curated multi-omics data, facilitating faster identification of therapeutic assets with a higher likelihood of clinical success. The platform has proven instrumental in detecting validated drug targets across various fields, including immunology, oncology, and metabolomic disorders. Elucidata collaborates with leading organizations such as Pfizer, Agios Pharmaceuticals, and Genentech, as well as over 35 research partners from prominent biopharma companies and research institutions, enhancing decision-making processes in drug research and development.

Expertrons

Seed Round in 2021
Expertrons is an AI-based video bot platform established in 2019 and headquartered in Mumbai, Maharashtra, India. The company focuses on assisting students and professionals in managing their careers and achieving their goals. Its platform utilizes artificial intelligence to provide expert recommendations through video bots, enabling users to secure dream jobs, internships, or admission to management schools.

Convosight

Series A in 2021
Convosight is a community management platform based in New Delhi, India, designed for Facebook group administrators seeking to enhance engagement and monetization of their online communities. The platform offers a software-as-a-service (SaaS) solution that leverages data analytics and machine learning to assist community builders in managing their groups effectively. Convosight provides valuable insights such as member engagement metrics, growth rates, and active participation levels, enabling clients to foster a vibrant community and capitalize on its potential. The comprehensive tools and features offered by Convosight empower community entrepreneurs to engage their members effectively and drive business growth.

Superpro.ai

Seed Round in 2021
Over 100 million knowledge workers, from consultants to advisory services to trainers, have lost as much as 90% of their business due to COVID-19. Superpro helps knowledge workers adapt and thrive online by providing all the tools they need including web pages, marketing, scheduling, video calls and even payment. Superpro recently partnered with India’s largest analytics community with half a million professionals and is rapidly expanding in the country.

Bidgely

Venture Round in 2021
Bidgely, Inc. is a technology company based in Mountain View, California, with an additional office in Bengaluru, India. Founded in 2011, Bidgely specializes in disaggregation-powered utility solutions, enabling utilities to provide detailed appliance-level energy consumption data through its innovative HomeBeat software. Its UtilityAI Platform leverages machine learning algorithms to analyze customer energy habits, delivering actionable insights that enhance energy efficiency and consumer engagement. By itemizing energy usage data without the need for plug-level monitors, Bidgely aims to transform how utilities interact with residential customers, helping them manage energy consumption and peak demand more effectively. The company serves a global market, working with utilities to promote energy savings and improve customer retention.

Elucidata

Seed Round in 2021
Elucidata Corporation, founded in 2015 and headquartered in New Delhi, India, specializes in accelerating drug discovery through its proprietary SaaS platform, Polly. This platform transforms drug discovery by delivering machine learning-ready biomedical molecular data, supported by a vast repository of over 230,000 multi-omic datasets, with more than 50,000 datasets added monthly. Polly curates this data semi-automatically, enabling data-driven drug discovery teams to integrate proprietary and public biomedical data for machine learning applications. By adhering to the FAIR guidelines, Polly's Data Lakes provide exclusive access to curated multi-omics data, facilitating faster identification of therapeutic assets with a higher likelihood of clinical success. The platform has proven instrumental in detecting validated drug targets across various fields, including immunology, oncology, and metabolomic disorders. Elucidata collaborates with leading organizations such as Pfizer, Agios Pharmaceuticals, and Genentech, as well as over 35 research partners from prominent biopharma companies and research institutions, enhancing decision-making processes in drug research and development.

Expertrons

Venture Round in 2020
Expertrons is an AI-based video bot platform established in 2019 and headquartered in Mumbai, Maharashtra, India. The company focuses on assisting students and professionals in managing their careers and achieving their goals. Its platform utilizes artificial intelligence to provide expert recommendations through video bots, enabling users to secure dream jobs, internships, or admission to management schools.

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.

Convosight

Seed Round in 2020
Convosight is a community management platform based in New Delhi, India, designed for Facebook group administrators seeking to enhance engagement and monetization of their online communities. The platform offers a software-as-a-service (SaaS) solution that leverages data analytics and machine learning to assist community builders in managing their groups effectively. Convosight provides valuable insights such as member engagement metrics, growth rates, and active participation levels, enabling clients to foster a vibrant community and capitalize on its potential. The comprehensive tools and features offered by Convosight empower community entrepreneurs to engage their members effectively and drive business growth.

Purplle

Series C in 2020
Purplle is an online marketplace based in Mumbai, India, that specializes in cosmetics, skincare, hair care, fragrances, and personal hygiene products. Founded in 2011, the company offers a diverse range of beauty and wellness items, catering to individual preferences related to skin and hair types. Purplle's platform aims to enhance the shopping experience by providing personalized recommendations and a curated selection of products from various brands. Through its focus on customer needs, Purplle has established itself as a significant player in the beauty e-commerce sector.

Purplle

Series C in 2019
Purplle is an online marketplace based in Mumbai, India, that specializes in cosmetics, skincare, hair care, fragrances, and personal hygiene products. Founded in 2011, the company offers a diverse range of beauty and wellness items, catering to individual preferences related to skin and hair types. Purplle's platform aims to enhance the shopping experience by providing personalized recommendations and a curated selection of products from various brands. Through its focus on customer needs, Purplle has established itself as a significant player in the beauty e-commerce sector.

Pharmarack

Series A in 2019
Pharmarack Technologies Private Limited, established in 2015 and based in Pune, India, is a leading integrated B2B healthcare platform that provides a Software-as-a-Service application designed to enhance the pharmaceutical industry's value chain globally. The platform serves as an ecosystem partner for pharmaceutical companies, distributors, retailers, and public health enterprises, facilitating improved efficiencies and cost reductions. Pharmarack empowers users by optimizing resources, automating sales processes, and generating actionable insights derived from granular data. Its application supports retailers in gaining essential knowledge about products, market offers, and schemes, while also addressing issues like sales leakages. With a presence in over 70 cities and a user base exceeding 200,000 retailers, Pharmarack aims to transform the fragmented Indian pharmaceutical market by leveraging technology, analytics, and digital marketing strategies to drive revenue growth and enhance market visibility.

Ftcash

Series A in 2019
Ftcash is a rapidly growing financial technology company in India that focuses on empowering micro-merchants and small businesses through digital payments and credit access. Utilizing a proprietary algorithm, ftcash assesses creditworthiness by analyzing transaction data from its payments platform, along with various other data points, including psychometric analysis. This enables the company to provide institutional financing to small and medium enterprises (SMEs) and facilitate loan recovery from daily transaction flows. The platform allows merchants to accept payments via multiple instruments, including debit and credit cards, as well as mobile wallets, without requiring additional hardware or POS devices. Since its launch in 2015, ftcash has received support from major financial entities like PayPal and MasterCard and is in the process of expanding its services globally, aiming to enhance financial inclusion for SMEs.

Clovia

Series C in 2019
Clovia is a lingerie brand focused on designing and selling fashionable and comfortable innerwear, nightwear, and shapewear for women in India. The company aims to provide solution-based premium lingerie, moving away from the traditional one-size-fits-all options that have dominated the market for years. Clovia operates over 200 stores across 50 locations, making its products accessible to a wide audience. The brand is backed by notable investors, including Ivy Cap Ventures, Mountain Partners, and AT Capital, which supports its mission to offer stylish and affordable lingerie tailored to women's needs.

Purplle

Venture Round in 2018
Purplle is an online marketplace based in Mumbai, India, that specializes in cosmetics, skincare, hair care, fragrances, and personal hygiene products. Founded in 2011, the company offers a diverse range of beauty and wellness items, catering to individual preferences related to skin and hair types. Purplle's platform aims to enhance the shopping experience by providing personalized recommendations and a curated selection of products from various brands. Through its focus on customer needs, Purplle has established itself as a significant player in the beauty e-commerce sector.

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.

Ftcash

Seed Round in 2017
Ftcash is a rapidly growing financial technology company in India that focuses on empowering micro-merchants and small businesses through digital payments and credit access. Utilizing a proprietary algorithm, ftcash assesses creditworthiness by analyzing transaction data from its payments platform, along with various other data points, including psychometric analysis. This enables the company to provide institutional financing to small and medium enterprises (SMEs) and facilitate loan recovery from daily transaction flows. The platform allows merchants to accept payments via multiple instruments, including debit and credit cards, as well as mobile wallets, without requiring additional hardware or POS devices. Since its launch in 2015, ftcash has received support from major financial entities like PayPal and MasterCard and is in the process of expanding its services globally, aiming to enhance financial inclusion for SMEs.

Clovia

Series B in 2017
Clovia is a lingerie brand focused on designing and selling fashionable and comfortable innerwear, nightwear, and shapewear for women in India. The company aims to provide solution-based premium lingerie, moving away from the traditional one-size-fits-all options that have dominated the market for years. Clovia operates over 200 stores across 50 locations, making its products accessible to a wide audience. The brand is backed by notable investors, including Ivy Cap Ventures, Mountain Partners, and AT Capital, which supports its mission to offer stylish and affordable lingerie tailored to women's needs.

RML AgTech

Series B in 2017
RML AgTech is a technology company that specializes in mobile phone-based agriculture support solutions for farmers. Formerly known as Reuters Market Light, RML provides a comprehensive range of information and communication technology (ICT) solutions throughout the agricultural value chain. The company covers approximately 550 crop varieties across 2,000 markets, serving over 2.75 million farmers in 50,000 villages within 19 states in India. RML's products and services are backed by a dedicated team of agricultural experts who operate on the ground to ensure effective support and guidance for farmers.

BlueStone

Series D in 2016
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.

Ftcash

Seed Round in 2016
Ftcash is a rapidly growing financial technology company in India that focuses on empowering micro-merchants and small businesses through digital payments and credit access. Utilizing a proprietary algorithm, ftcash assesses creditworthiness by analyzing transaction data from its payments platform, along with various other data points, including psychometric analysis. This enables the company to provide institutional financing to small and medium enterprises (SMEs) and facilitate loan recovery from daily transaction flows. The platform allows merchants to accept payments via multiple instruments, including debit and credit cards, as well as mobile wallets, without requiring additional hardware or POS devices. Since its launch in 2015, ftcash has received support from major financial entities like PayPal and MasterCard and is in the process of expanding its services globally, aiming to enhance financial inclusion for SMEs.

Taskbob

Series A in 2016
Taskbob is a start-up founded by graduates from IIT Bombay and IIM Ahmedabad, including former employees of McKinsey and Nomura. The company aims to revolutionize home services in India by providing instant, high-quality solutions that address common customer concerns such as delays, poor quality, and lack of price transparency. Through its user-friendly application, Taskbob offers a range of services, including in-home repairs, plumbing, electrical work, carpentry, cleaning, and beauty services. By enhancing the productivity of service providers and ensuring customer satisfaction, Taskbob strives to create happier households across the country.

BlueStone

Series C in 2015
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.

Clovia

Series A in 2015
Clovia is a lingerie brand focused on designing and selling fashionable and comfortable innerwear, nightwear, and shapewear for women in India. The company aims to provide solution-based premium lingerie, moving away from the traditional one-size-fits-all options that have dominated the market for years. Clovia operates over 200 stores across 50 locations, making its products accessible to a wide audience. The brand is backed by notable investors, including Ivy Cap Ventures, Mountain Partners, and AT Capital, which supports its mission to offer stylish and affordable lingerie tailored to women's needs.

RML AgTech

Seed Round in 2015
RML AgTech is a technology company that specializes in mobile phone-based agriculture support solutions for farmers. Formerly known as Reuters Market Light, RML provides a comprehensive range of information and communication technology (ICT) solutions throughout the agricultural value chain. The company covers approximately 550 crop varieties across 2,000 markets, serving over 2.75 million farmers in 50,000 villages within 19 states in India. RML's products and services are backed by a dedicated team of agricultural experts who operate on the ground to ensure effective support and guidance for farmers.

Sokrati

Series B in 2015
Sokrati Inc. is a digital marketing and analytics company that specializes in managing and analyzing digital marketing budgets. Founded in 2009 by former Amazon employees, Sokrati aims to address inefficiencies in search marketing, particularly for advertisers in the online retail and travel sectors. The company offers an integrated platform that facilitates the management of campaigns across search, display, and social media networks, including major platforms like Google and Facebook. Sokrati provides predictive analytics and image optimization services, driving significant traffic for its clients, with over 12 million monthly visits and managing more than 100 million active ad entities in real time. The company serves various industries, including retail, financial services, and travel, and has gained recognition as Google's largest small and medium-sized business partner in India. Sokrati’s effectiveness in enhancing conversion rates for leading brands has earned it accolades, including being named one of the "Top 20 Hottest Technology Startups" in India by Techcircle. The company is headquartered in San Francisco, California, with an additional location in Pune, India.

Purplle

Venture Round in 2015
Purplle is an online marketplace based in Mumbai, India, that specializes in cosmetics, skincare, hair care, fragrances, and personal hygiene products. Founded in 2011, the company offers a diverse range of beauty and wellness items, catering to individual preferences related to skin and hair types. Purplle's platform aims to enhance the shopping experience by providing personalized recommendations and a curated selection of products from various brands. Through its focus on customer needs, Purplle has established itself as a significant player in the beauty e-commerce sector.

FieldEZ

Series A in 2014
FieldEZ is a developer of a field force management platform that enhances customer field operations through digital and automation technologies. The company specializes in providing solutions for call management, scheduling, lead management, and time and location reporting. By leveraging cloud computing, enterprise mobility, data analytics, and IoT integration, FieldEZ enables enterprises to achieve sustained growth and gain a competitive edge. Its products and services are utilized by a diverse range of clients, including Fortune 100 companies and small to medium enterprises across Europe, the USA, the UK, and India. Notable clients include Samsung, Vodafone, Dell, Adecco, ICICI Bank, Wipro, and Emerson.

RML AgTech

Seed Round in 2013
RML AgTech is a technology company that specializes in mobile phone-based agriculture support solutions for farmers. Formerly known as Reuters Market Light, RML provides a comprehensive range of information and communication technology (ICT) solutions throughout the agricultural value chain. The company covers approximately 550 crop varieties across 2,000 markets, serving over 2.75 million farmers in 50,000 villages within 19 states in India. RML's products and services are backed by a dedicated team of agricultural experts who operate on the ground to ensure effective support and guidance for farmers.
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