Where is Forge's headquarters located?

Forge's headquarters is located in Coimbatore (India).

How big is Forge's investment team?

Forge has a team of 39, including 4 partners.

How many companies has Forge invested in?

Forge has invested in 114 companies, including Paras Defence & Space Technologies & Raphe.

Which companies has Forge invested in lately?

WelkinRim & CeraTattva InnoTech are the latest investments by Forge.

How many exits has Forge been involved in?

Forge's portfolio has seen 1 IPO.

Forge - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Paras Defence & Space Technologies

Company offering wide range of defence products & solutions. It offers a range of products and solutions, include optical components, Imaging Systems, Electronic Systems, Cybersecurity Solutions, Production of heavy structures, flow-formed rocket motor tubes, special purpose machines, Titanium Fabrication, Electromagnetic Pulse Protection, Shielding Products, Drones and Anti-Drone Systems, Spacecraft Integration and Testing, Remote-Controlled Defense Systems, and Custom Engineering Solutions.

Key facts about Paras Defence & Space Technologies

Founded Year: 1972
Location: Navi Mumbai (India)
Annual Revenue: ₹373Cr as on Mar 31, 2025
Stage: Public
Total Funding till date: $4.57M
Employee Count: 239 as on Aug 31, 2025
Investors: ADIA, IDBI Capital Markets & Securities Ltd and 38 Others
Latest Funding Round: Post IPO, Jun 13, 2024, $*****
Highlight: Public

2. Raphe

Manufacturer of carbon fiber composite products and unmanned aerial vehicles. It focuses on research and development, utilizing technologies for the aerospace industry. It has infrastructure for additive, subtractive, PCB A, and composite manufacturing. The company emphasizes product and process innovation through end-to-end manufacturing.

Key facts about Raphe

Founded Year: 2017
Location: Noida (India)
Annual Revenue: ₹268Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series B
Total Funding till date: $154M
Employee Count: 496 as on Aug 31, 2025
Investors: Think Investments, Ascent Capital and 59 Others
Latest Funding Round: Series B, Mar 28, 2025, $*****
Highlight: Editors' Pick

3. GalaxEye

Developer of multi-sensor imaging satellites providing all-weather Earth observation capabilities. The company builds satellites that fuse synthetic aperture radar with high-resolution optical data. This technology delivers consistent visibility regardless of weather conditions. The satellites are designed to provide analysis-ready imagery for various applications.

Key facts about GalaxEye

Founded Year: 2021
Location: Bengaluru (India)
Annual Revenue: ₹2.02Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series A
Total Funding till date: $18.8M
Employee Count: 105 as on Aug 31, 2025
Investors: Yali Capital, Anicut Capital and 48 Others
Latest Funding Round: Series A, Mar 12, 2026, $*****
Highlight: Editors' Pick

4. RapteeHV

Platform offering electric motorcycles. It develops vehicles with features that includes lithium ion batteries, speed charging, anti theft system, and more. The solution is compatible with car charging stations, addressing the range anxiety issue commonly associated with electric vehicles.

Key facts about RapteeHV

Founded Year: 2018
Location: Chennai (India)
Annual Revenue: ₹1.82Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $15.9M
Employee Count: 86 as on Jan 31, 2025
Investors: Bluehill VC, Singhvi Heritage and 56 Others
Latest Funding Round: Seed, Mar 14, 2026, $*****

5. Big Bang Boom Solutions

Provider of combat weapon systems. It provides users with a company that builds unmanned tanks with a specific information bus for integration with an engine and transmission, hybrid combat armors, anti-drone defense systems, as well as drones for riot control and battle interfaces. It also offers drones for law enforcement agencies to prevent and punish crimes such as drug usage, arson, petty theft, spray paint or graffiti, and public urination.

Key facts about Big Bang Boom Solutions

Founded Year: 2018
Location: Chennai (India)
Annual Revenue: ₹11.3Cr as on Mar 31, 2024
Valuation: $*****
Stage: Series C
Total Funding till date: $35.5M
Employee Count: 107 as on Aug 31, 2025
Investors: Sarcha Advisors, Survam Partners and 83 Others
Latest Funding Round: Angel, Oct 31, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Forge has invested in 114 companies over the last 5 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in WelkinRim and most recent follow-on round was in Greenvironment India.

Here are Forge's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	1	0	1
2024	6	1	7
2023	2	0	2
2022	1	0	1
2021	1	0	1

View all investments by Forge

Forge has made 6 investments in Seed stage with an average round size of $691K and 5 investments in Grant (prize money) stage with an average round size of $48K.

Here are Forge's investments by stage:

Stage of entry	No. of Investments
Seed	6
Grant (prize money)	5

Note: We have considered here, only first round of investments

View all investments by Forge

Forge has a diverse portfolio, with companies operating in the High Tech, Environment Tech, Industrial Goods and Manufacturing, Sustainability Tech and Chemicals and Materials Tech. Notably, it has invested in 82 Enterprise (B2B) companies, 81 Tech companies, 53 Tech hardware companies and at least 42 companies focusing on Software.

Here are Forge's investments by sector:

Sector	No. of Investments
High Tech	7
Environment Tech	4
Industrial Goods and Manufacturing	4
Sustainability Tech	4
Chemicals and Materials Tech	3
Others	12

Note: We have considered here, only first round of investments

View all investments by Forge

Forge has made most investments in India (11).

View all investments by Forge

Forge has not made any investment in 2026 so far.

Here are the most recent investments by Forge:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Sep 26, 2025	WelkinRim	India	Seed	9123	GSF [+2]
Jul 12, 2024	CeraTattva InnoTech	India	Seed	6580	Campus Angels Network
2024	Greenvironment India	India	Grant (prize money)	6208	-
2024	Greenvironment India	India	Grant (prize money)	4926	-
Jun 2024	Fabheads	India	Grant (prize money)	8707	-

See more recent investments made by Forge

1 of Forge's portfolio company became public - Paras Defence & Space Technologies. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2021 at marketcap of $92M

Here are Forge's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Paras Defence & Space Technologies	Oct 01, 2021	-	-	5900

View more details about public companies in Forge's portfolio

Forge has a team of 39 members including 4 Partners and 7 Principals located in India. Forge's team sits on the board of 2 companies.

Here is a list of top team members in Forge:

Name	Designation	Location	Board Memberships	Contact Details
Shankar Vanavarayar	Partner	Coimbatore	-	1 Email, 1 Phone number
Vish Sahasranamam	Partner	Coimbatore	-	2 Emails
Gopal Srinivasan	Partner	-	-	-
M Balasubramaniam	Partner	-	-	-
Arun Suresh	Principal	Coimbatore	-	1 Email
Hema Priyadharshini Karthik	Principal	Coimbatore	-	-
B L Lakshmi Meera	Principal	Chennai	-	-
Mahesh Veezhinathan	Principal	Chennai	-	-
Ram Kumar S P	Principal	Chennai	-	-

View team details of Forge

Over the past 5 years, 244 investors have co-invested in Forge's portfolio companies. This includes funds and angels.

Invested before Forge: StartupTN, Maharashtra State Innovation Society and 208 others have invested in rounds before Forge. There are 4 companies where StartupTN has invested before Forge and 1 company where Maharashtra State Innovation Society has invested before Forge.
Top Co-investors of Forge: 21 investors entered a company along with Forge. These include investors like Java Capital (2 companies).
Invested after Forge: A total of 13 investors have invested in Forge's portfolio after their investments. Top Investors include Social Alpha (1 company) and Rainmatter (1 company).