About Ennovent
Ennovent, an accelerator and incubator program founded in 2008, is based in Vienna, Austria. With a presence in 2 countries, it has supported around 7 startups in sectors like Energy, Healthcare. Most notable companies in
its portfolio include Hasiru Dala Innovations, Karma Healthcare and Karma Primary Healthcare. The program is backed by a team of 6 people who primarily support Seed startups based in India. Its latest investment was a Undisclosed Series A round in ERC Lens on Apr 21, 2021.
Key Metrics
Founded Year
2008
Location
Vienna, Austria
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series A
Ennovent's List of Top Investments
Ennovent has a portfolio of 7 companies. Their most notable investments are in Anant Learning and Development and ERC Lens.Their portfolio spans across India and Australia. They have invested in Energy, Healthcare, Education and 2 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Ennovent:Key facts about Hasiru Dala Innovations
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹27.8Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.02M
- Employee Count: 131 as on Aug 31, 2025
- Investors: Social Alpha, Rainmatter and 10 Others
- Latest Funding Round: Seed, Apr 01, 2025, $*****
Manufacturer of manual and power wheelchairs, scooters, and walkers. The company also offers custom-made wheelchairs, particularly for pediatric patients or those with specific needs. Products are categorized to match user physical condition, offering options for individuals with reduced mobility, good trunk control, partial trunk control, and those requiring positioning assistance. The company provides support and resources for users, including testimonials and information on choosing the right mobility device.
Key facts about Karma Healthcare
- Founded Year: 2007
- Location: Kolkata (India)
- Annual Revenue: ₹57.4Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5.2M
- Employee Count: 119 as on Dec 31, 2024
- Investors: Ankur Capital, 1Crowd and 14 Others
- Latest Funding Round: Seed, Mar 20, 2018, $*****
- Highlight: Editors' Pick
Karma Healthcare is a developer of an online platform for primary health services remotely. It offers tech-enabled remote patient monitoring services for rural villages and rural health clinics in villages. It also offers remote consultation with a doctor for multiple diseases. The clinic staffs a community health worker, who records vital parameters, facilitates a video consultation between the patient and a physician, prints the e-prescription emailed by the doctor, and provides free of cost medicines.
Key facts about Karma Primary Healthcare

4. ERC Lens
Retailer of eyeglasses, computer glasses, reading glasses, kids glasses, and lenses. They provide eye tests, hospital appointments, and cataract surgery. Additionally, they offer home eye tests and eye test camps. Products include eyeglasses, computer glasses, reading glasses, contact lenses, sunglasses, kids' glasses, and power lenses. Services encompass home eye tests, hospital appointments, and cataract surgery.
Key facts about ERC Lens
- Founded Year: 2013
- Location: Guwahati (India)
- Annual Revenue: ₹10.8Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $2.36M
- Employee Count: 62 as on Mar 31, 2025
- Investors: The World Bank, Ankur Capital and 6 Others
- Latest Funding Round: Series A, Sep 29, 2021, $*****
Manufacturer and distributor of solar-powered assets for off-grid communities. This company designs and manufactures solar home systems and portable solar lighting solutions. These products are specifically engineered to meet the needs of households and communities lacking reliable electricity access. The focus is on providing sustainable energy solutions that also generate income opportunities. The company offers a range of products, including portable solar lamps and larger solar home systems.
Key facts about Barefoot Power
- Founded Year: 2005
- Location: Sydney (Australia)
- Stage: Series B
- Total Funding till date: $6M
- Employee Count: 51 - 200 as on Jul 01, 2024
- Investors: Unitus, Insitor Partners and 8 Others
- Latest Funding Round: Grant (prize money), Feb 01, 2018, $*****
Ennovent's Year-on-Year Investment Trends
Ennovent has invested in 7 companies over the last 15 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Karma Healthcare and most recent follow-on round was in ERC Lens.Ennovent's Investments by Stage
Ennovent has made 6 investments in Seed stage with an average round size of $506K and 1 investment in Series A stage.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 1 |
Note: We have considered here, only first round of investments
Ennovent's Investments by Sector
Ennovent has a diverse portfolio, with companies operating in the Education, Energy, Environment, HealthTech and Healthcare. Notably, it has invested in 4 Consumer (B2C) companies, 4 Social impact companies and 2 Tech companies.Sector | No. of Investments |
|---|---|
Education | 1 |
Energy | 1 |
Environment | 1 |
HealthTech | 1 |
Healthcare | 1 |
Note: We have considered here, only first round of investments
Ennovent's Investments by Geography
Ennovent has made most investments in India (6), followed by Australia where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 6 |
Australia | 1 |
Note: We have considered here, only first round of investments
Ennovent's recent investments
Ennovent has not made any investment in 2026 so far.Here are the most recent investments by Ennovent:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 21, 2021 | India | Series A | 7651 | - | |
Apr 21, 2021 | India | Seed | 6097 | ||
Dec 12, 2020 | India | Seed | 1314 | [+1] | |
Mar 20, 2018 | India | Seed | 1174 | [+3] | |
Feb 02, 2018 | India | Seed | 6804 | [+30] |
Team profile of Ennovent
Ennovent has a team of 6 members including 2 Partners. Ennovent's team does not sit on the board of any company as of now.Co-investors of Ennovent
Over the past 15 years, 95 investors have co-invested in Ennovent's portfolio companies. This includes funds and angels.
- Invested before Ennovent: Social Alpha, Ranganathan TS and 15 others have invested in rounds before Ennovent. There is 1 company where Social Alpha has invested before Ennovent and 1 company where Ranganathan TS has invested before Ennovent.
- Top Co-investors of Ennovent: 13 investors entered a company along with Ennovent. These include investors like Ankur Capital (3 companies).
- Invested after Ennovent: A total of 65 investors have invested in Ennovent's portfolio after their investments. Top Investors include Beyond Capital Fund (1 company) and Maharashtra State Innovation Society (1 company).
Recent News related to Ennovent
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Karma Primary Healthcare Secures $1.3 Mn Series A Funding from UBS Optimus FoundationViestories•Aug 07, 2024•Karma Primary Healthcare, UBS, 1Crowd, Ennovent and 3 others
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Karma Healthcare raises Rs. 3 crore from 1Crowd, Ankur Capital & othersIndiatimes•Mar 20, 2018•Karma Primary Healthcare, 1Crowd, Ankur Capital, Beyond Capital Fund and 27 others
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Karma Primary Healthcare raises funds from 1Crowd, othersDeal Street Asia•Feb 02, 2018•Karma Primary Healthcare, 1Crowd, Ankur Capital, Beyond Capital Fund and 27 others
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ERC Eye Care, trading platform STREAK raise fundingDeal Street Asia•Jan 17, 2018•ERC Lens, ERC Eye care, Ennovent, Ankur Capital
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