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.

Vikram Gupta

Founding and Managing Partner

Tej Kapoor

Managing Partner and Managing Director

Sukesh Khandelwal

CFO

Anshuman Khanna

Principal, Investments

Aashish Vanigota

Principal, Investments

Ashish Wadhwani

Managing Partner

Past deals in India

Expertrons

Seed Round in 2023
Expertrons is an AI-based platform that helps students and professionals manage their careers and achieve goals. Its AI-enabled video bots deliver expert recommendations and enable one-on-one consultations with mentors, providing personalized career guidance and interview preparation to help users secure jobs, internships, or admission to management programs. Founded in 2019 and based in Mumbai, India, the company focuses on delivering guidance through interactive video-based tools tailored to individual career paths.

Convosight

Series B in 2022
Convosight is a SaaS platform that enables Facebook community admins to manage, grow, engage, and monetize their groups. It uses data analytics and machine learning to provide insights and tools for effective community management.

Clover

Series B in 2022
Clover Ventures Private Limited, founded in 2017 and based in Bengaluru, India, specializes in the cultivation and distribution of high-quality fruits and vegetables. The company employs advanced cultivation techniques and technology-driven precision farming practices to enhance yield and efficiency. In addition to its cultivation efforts, Clover Ventures manages the supply chain for perishables, ensuring that products reach the market effectively. Through its focus on quality and innovation, the company aims to meet the growing demand for fresh produce in the region.

Elucidata

Series A in 2022
Elucidata Corporation, established in 2015 and based in New Delhi, India, specializes in accelerating drug discovery by translating phenotypic screenings into therapeutic strategies. The company's core offering is Polly, a proprietary SaaS platform that transforms drug discovery through curated biomedical molecular data. Polly hosts over 230,000 multi-omic datasets, with around 50,000 new datasets added monthly, and offers exclusive access to curated data ready for machine learning workflows. This platform enables 10x faster identification of therapeutic assets and has facilitated the detection of multiple validated drug targets across immunology, oncology, and metabolomic disorders. Polly supports discovery programs at prominent biopharma companies such as Pfizer, Agios Pharmaceuticals, Genentech, and Yale, with over 35 research partners from premier institutions.

GMetri

Seed Round in 2021
GMetri Inc. is a Bengaluru-based company established in 2017 that specializes in creating an online platform for businesses to develop, share, and monitor immersive training modules, online stores, product showcases, and virtual experiences. The platform offers tools for authoring, deploying, and analyzing solutions in Virtual, Mixed, and Augmented Reality. GMetri's services are particularly beneficial for online retail, allowing customers to enjoy a comprehensive view of personalized retail environments tailored to their preferences, based on historical data. The platform enhances user engagement and retention through spatial recognition and gamification, while also providing an analytics toolkit that tracks user interactions within the immersive experience. GMetri caters to various sectors, including automotive, retail, and real estate, by offering customized XR solutions and content development services. Its no-code, cloud-based authoring tool enables enterprises to create and deploy Spatial Interactive Learning and Retail experiences seamlessly across all devices.

Expertrons

Seed Round in 2021
Expertrons is an AI-based platform that helps students and professionals manage their careers and achieve goals. Its AI-enabled video bots deliver expert recommendations and enable one-on-one consultations with mentors, providing personalized career guidance and interview preparation to help users secure jobs, internships, or admission to management programs. Founded in 2019 and based in Mumbai, India, the company focuses on delivering guidance through interactive video-based tools tailored to individual career paths.

Convosight

Series A in 2021
Convosight is a SaaS platform that enables Facebook community admins to manage, grow, engage, and monetize their groups. It uses data analytics and machine learning to provide insights and tools for effective community management.

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.

Elucidata

Seed Round in 2021
Elucidata Corporation, established in 2015 and based in New Delhi, India, specializes in accelerating drug discovery by translating phenotypic screenings into therapeutic strategies. The company's core offering is Polly, a proprietary SaaS platform that transforms drug discovery through curated biomedical molecular data. Polly hosts over 230,000 multi-omic datasets, with around 50,000 new datasets added monthly, and offers exclusive access to curated data ready for machine learning workflows. This platform enables 10x faster identification of therapeutic assets and has facilitated the detection of multiple validated drug targets across immunology, oncology, and metabolomic disorders. Polly supports discovery programs at prominent biopharma companies such as Pfizer, Agios Pharmaceuticals, Genentech, and Yale, with over 35 research partners from premier institutions.

Expertrons

Venture Round in 2020
Expertrons is an AI-based platform that helps students and professionals manage their careers and achieve goals. Its AI-enabled video bots deliver expert recommendations and enable one-on-one consultations with mentors, providing personalized career guidance and interview preparation to help users secure jobs, internships, or admission to management programs. Founded in 2019 and based in Mumbai, India, the company focuses on delivering guidance through interactive video-based tools tailored to individual career paths.

Bluestone Jewellery and Lifestyle

Series E in 2020
Bluestone Jewellery and Lifestyle is a digital-first fine jewellery brand in India that offers contemporary diamond, gold, platinum, and gemstone pieces. It operates an omnichannel model combining an extensive online platform with experiential stores, enabling customers to shop online or in person. The brand focuses on certified jewellery designs across rings, earrings, pendants, and more, and provides services such as lifetime exchange and buyback policies. Its business centers on selling jewellery products across multiple segments, emphasizing quality, design, and a seamless customer experience.

Convosight

Seed Round in 2020
Convosight is a SaaS platform that enables Facebook community admins to manage, grow, engage, and monetize their groups. It uses data analytics and machine learning to provide insights and tools for effective community management.

Purplle

Series C in 2020
Founded in 2011, Purplle is an Indian online retailer specializing in cosmetics, fragrances, skincare, and hair care products. It offers a wide range of beauty brands and products, aiming to enhance the shopping experience for customers.

Purplle

Series C in 2019
Founded in 2011, Purplle is an Indian online retailer specializing in cosmetics, fragrances, skincare, and hair care products. It offers a wide range of beauty brands and products, aiming to enhance the shopping experience for customers.

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 fast-growing fintech company empowering micro-merchants and small businesses globally. It offers credit facilities using digital payment transaction data, psychometric analysis, and other factors to assess creditworthiness. ftcash partners with banks and financial institutions to provide these services.

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.

Purplle

Venture Round in 2018
Founded in 2011, Purplle is an Indian online retailer specializing in cosmetics, fragrances, skincare, and hair care products. It offers a wide range of beauty brands and products, aiming to enhance the shopping experience for customers.

Bluestone Jewellery and Lifestyle

Venture Round in 2018
Bluestone Jewellery and Lifestyle is a digital-first fine jewellery brand in India that offers contemporary diamond, gold, platinum, and gemstone pieces. It operates an omnichannel model combining an extensive online platform with experiential stores, enabling customers to shop online or in person. The brand focuses on certified jewellery designs across rings, earrings, pendants, and more, and provides services such as lifetime exchange and buyback policies. Its business centers on selling jewellery products across multiple segments, emphasizing quality, design, and a seamless customer experience.

ftcash

Seed Round in 2017
ftcash is a fast-growing fintech company empowering micro-merchants and small businesses globally. It offers credit facilities using digital payment transaction data, psychometric analysis, and other factors to assess creditworthiness. ftcash partners with banks and financial institutions to provide these services.

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.

RML AgTech

Series B in 2017
RML AgTech, formerly known as Reuters Market Light, is a technology company dedicated to enhancing agricultural productivity through mobile-based solutions. The company offers a wide range of information and communication technology (ICT) solutions that cater to the entire agricultural value chain. Serving over 2.75 million farmers in 50,000 villages across 19 states in India, RML covers approximately 550 crop varieties from 2000 markets. Its services are supported by a team of full-time agricultural experts and on-ground personnel, ensuring that farmers receive reliable and relevant information to optimize their farming practices.

Bluestone Jewellery and Lifestyle

Series D in 2016
Bluestone Jewellery and Lifestyle is a digital-first fine jewellery brand in India that offers contemporary diamond, gold, platinum, and gemstone pieces. It operates an omnichannel model combining an extensive online platform with experiential stores, enabling customers to shop online or in person. The brand focuses on certified jewellery designs across rings, earrings, pendants, and more, and provides services such as lifetime exchange and buyback policies. Its business centers on selling jewellery products across multiple segments, emphasizing quality, design, and a seamless customer experience.

ftcash

Seed Round in 2016
ftcash is a fast-growing fintech company empowering micro-merchants and small businesses globally. It offers credit facilities using digital payment transaction data, psychometric analysis, and other factors to assess creditworthiness. ftcash partners with banks and financial institutions to provide these services.

Bluestone Jewellery and Lifestyle

Series C in 2015
Bluestone Jewellery and Lifestyle is a digital-first fine jewellery brand in India that offers contemporary diamond, gold, platinum, and gemstone pieces. It operates an omnichannel model combining an extensive online platform with experiential stores, enabling customers to shop online or in person. The brand focuses on certified jewellery designs across rings, earrings, pendants, and more, and provides services such as lifetime exchange and buyback policies. Its business centers on selling jewellery products across multiple segments, emphasizing quality, design, and a seamless customer experience.

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.

RML AgTech

Seed Round in 2015
RML AgTech, formerly known as Reuters Market Light, is a technology company dedicated to enhancing agricultural productivity through mobile-based solutions. The company offers a wide range of information and communication technology (ICT) solutions that cater to the entire agricultural value chain. Serving over 2.75 million farmers in 50,000 villages across 19 states in India, RML covers approximately 550 crop varieties from 2000 markets. Its services are supported by a team of full-time agricultural experts and on-ground personnel, ensuring that farmers receive reliable and relevant information to optimize their farming practices.

Purplle

Venture Round in 2015
Founded in 2011, Purplle is an Indian online retailer specializing in cosmetics, fragrances, skincare, and hair care products. It offers a wide range of beauty brands and products, aiming to enhance the shopping experience for customers.

FieldEZ Technologies

Series A in 2014
FieldEZ Technologies is a provider of field force management and field operations automation solutions. The company offers a platform that leverages cloud computing, enterprise mobility, data analytics, and IoT integration to transform field operations and services. Its platform includes call management, scheduling, lead management, and time and location reporting. FieldEZ serves a global customer base including large enterprises and SMEs across Europe, the United States, the United Kingdom, and India, with clients such as Samsung, Vodafone, Dell, Adecco, ICICI Bank, Wipro, and Emerson. The company aims to help enterprises achieve sustained growth and a competitive advantage through digital automation of field activities.

Aujas Networks

Series B in 2013
Aujas Networks specializes in cybersecurity solutions and services for global clients across industries. Founded in 2008, the company operates from North America, EMEA, and Asia Pacific regions, with offices in India, the Middle East, and North America. Aujas offers strategic advisory, technology integration, engineering, and managed operations in areas such as Governance Risk and Compliance, Identity and Access Management, Data Protection and Privacy, Security Engineering, Application Security, and Threat Detection & Response.

RML AgTech

Seed Round in 2013
RML AgTech, formerly known as Reuters Market Light, is a technology company dedicated to enhancing agricultural productivity through mobile-based solutions. The company offers a wide range of information and communication technology (ICT) solutions that cater to the entire agricultural value chain. Serving over 2.75 million farmers in 50,000 villages across 19 states in India, RML covers approximately 550 crop varieties from 2000 markets. Its services are supported by a team of full-time agricultural experts and on-ground personnel, ensuring that farmers receive reliable and relevant information to optimize their farming practices.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.