About GSF
GSF, an accelerator and incubator program founded in 2012, is based in Delhi, India. With a presence in 1 country, it has supported around 6 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, GSF has witnessed 1 portfolio exit. Most notable companies in
its portfolio include Flexifyme, Legistify and Biosense. The program is backed by a team of 3 people who primarily support Seed startups based in India. Its latest investment was a $1.2M Seed round in Flexifyme on Dec 26, 2023, which also saw participation from IvyCap Ventures and Chandigarh Angels Network.
GSF's List of Top Investments
GSF has a portfolio of 6 companies. Their most notable investmentis in BiosenseTheir portfolio spans across and India. They have invested in Enterprise Applications, High Tech, HealthTech and 8 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by GSF:
1. Flexifyme
Provider of a digital healthcare platform offering AI-powered physiotherapy and yoga programs. The platform provides one-on-one live sessions with certified instructors to help individuals manage chronic pain, achieve weight loss goals, and improve overall health. By integrating AI technology, it aims to provide a holistic approach to treating chronic diseases.
Key facts about Flexifyme
- Founded Year: 2021
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.83M
- Employee Count: 36 as on Jul 31, 2025
- Investors: Flipkart, Z Nation Lab and 71 Others
- Latest Funding Round: Seed, Aug 22, 2025, $*****
- Highlight: Editors' Pick
2. Legistify
Legistify offers an AI-native legal operating system (SAAS) where artificial intelligence handles the heavy lifting across contracts, litigation, intellectual property, and legal notices, so that legal professionals can focus entirely on judgment, strategy, and counsel.
Key facts about Legistify
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $8.25M
- Employee Count: 51 as on May 31, 2026
- Investors: Java Capital, Titan Capital and 39 Others
- Latest Funding Round: Series A, Sep 25, 2023, $*****
3. Biosense
Developer of diagnostic devices for multiple diseases. The products include SuChek helps to track blood sugar levels. The uChek is a platform technology for urine analysis and blood sugar tests. Another product ToucHb is a needle-free anemia screening tool that can estimate hemoglobin and determine oxygen saturation and heart rate without needles.
Key facts about Biosense
- Founded Year: 2008
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $3.94M
- Employee Count: 98 as on Aug 31, 2026
- Investors: Fireside Ventures, Nt Holdings and 30 Others
- Latest Funding Round: Seed, Apr 11, 2018, $*****
- Highlight: Acquired
4. Thingsup
Provider of a low-code IoT platform for real-time monitoring and automation across electric vehicles, cold chains, energy systems, and industrial operations. The platform connects hardware such as sensors, controllers, and gateways to the cloud to facilitate data processing and analytics. It offers tools for fleet management, telematics, battery diagnostics, and asset tracking. By integrating various data inputs, the system enables enterprises to manage operations, monitor environmental parameters, and implement predictive maintenance. The solution supports diverse industrial applications by providing dashboards and alerts to assist in operational decision-making.
Key facts about Thingsup
- Founded Year: 2016
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $700K
- Employee Count: 27 as on May 31, 2026
- Investors: Lead Angels, Nextunicorn.fund and 25 Others
- Latest Funding Round: Seed, Dec 13, 2022, $*****
- Highlight: Editors' Pick
5. Flintobox
Flintobox is a theme-based monthly activity box for kids. It provides activity boxes on a paid subscription basis every month with a new interesting theme, filled with activities and books. The kits are designed accordingly for different age groups of children.
Key facts about Flintobox
- Founded Year: 2013
- Location: Chennai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $17.8M
- Employee Count: 11 as on Jun 30, 2025
- Investors: Innoven Capital, A R Chadha And Co India and 62 Others
- Latest Funding Round: Series B, Dec 26, 2019, $*****
- Highlight: Editors' Pick
GSF's Year-on-Year Investment Trends
GSF has invested in 6 companies over the last 13 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Legistify and most recent follow-on round was in Flexifyme.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 2 | 1 | 3 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
GSF's Investments by Stage
GSF has made 4 investments in Seed stage with an average round size of $533K and 1 investment in Series A stage with an average round size of $4M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 1 |
Note: We have considered here, only first round of investments
GSF's Investments by Sector
GSF has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, High Tech, Auto Tech and Consumer. Notably, it has invested in 5 Tech companies, 3 Enterprise (B2B) companies, 3 Software companies and at least 2 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
HealthTech | 2 |
High Tech | 2 |
Auto Tech | 1 |
Consumer | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
GSF's Investments by Geography
GSF has made most investments in India (4), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 4 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
GSF's recent investments
GSF has not made any investment in 2026 so far.Here are the most recent investments by GSF:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 26, 2023 | India | Seed | 6192 | [+16] | |
Sep 25, 2023 | India | Series A | 5955 | [+4] | |
Jun 01, 2023 | India | Seed | 7995 | [+54] | |
Apr 28, 2021 | India | Seed | 4810 | [+7] | |
Dec 11, 2018 | United Kingdom | Seed | 4722 | - |
Acquired companies in GSF's Portfolio
1 company from GSF's portfolio has been acquired. The most recent acquisition was Biosense in Nov 2019 by Tulip Diagnostics for $*****.Here are GSF's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 15, 2019 | Jan 07, 2013 | Seed | 3110 |
Team profile of GSF
GSF has a team of 3 members including 2 Partners and 1 Venture Partner located in India and Germany. GSF's team does not sit on the board of any company as of now.Here is a list of all team members in GSF:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | Mumbai | |||
Venture Partner | Hamburg | - | - |
Co-investors of GSF
Over the past 13 years, 152 investors have co-invested in GSF's portfolio companies. This includes funds and angels.
- Invested before GSF: Ravi Bhushan, Sachin Anand and 36 others have invested in rounds before GSF. There is 1 company where Ravi Bhushan has invested before GSF and 1 company where Sachin Anand has invested before GSF.
- Top Co-investors of GSF: 80 investors entered a company along with GSF. These include investors like Dinesh Chandra Agarwal (2 companies).
- Invested after GSF: A total of 34 investors have invested in GSF's portfolio after their investments. Top Investors include Namita Vikas Thapar (1 company) and IvyCap Ventures (1 company).
Recent News related to GSF
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MiClient raises seed round from IAN Group, othersEntrackr•Aug 12, 2024•MiClient, Indian Angel Network, Anicut Capital, GSF and 5 others
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Leo Capital Leads $1.14 Mn Seed Round in WhatsApp Marketing Start-up, QuickReply.AIIndianWeb2•Apr 27, 2023•Leo Capital, QuickReply, Pentathlon Ventures, GSF and 1 other
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Resale Focused Prop Tech 3.0 Platform Settlin Raises $1 Million in Pre-Series A Led by Powerhouse VenturesSMEStreet.in•Jun 20, 2022•Settlin, Powerhouse Ventures, GSF, GSF
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TowerBrook Capital Partners Appoints Andy Kalbaugh to its Management Advisory BoardBusiness Wire•Apr 26, 2022•TowerBrook, GSF, LPL Financial
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We360.ai Secures $500k Seed FundingDigital Terminal•Apr 05, 2022•We360.ai, GSF, SucSEED Indovation, Campus Fund and 4 others
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SalaryBox raises pre-seed funding from GSF Accelerator and othersPeople Matters•May 26, 2021•SalaryBox, GSF
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Agritech Startup Eekifoods Raises Pre-Series A FundingEntrepreneur•May 10, 2021•Eeki, GSF, GSF, EuonusIT and 1 other
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Low Code IoT Platform Thingsup Raises Funding from GSF AcceleratorIndianWeb2•May 04, 2021•GSF, Thingsup, iobot Technologies
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Social Audio Startup Bolkar Raises Undisclosed Amount From Gsf Investors And Axilor VenturesYourStory•Jan 14, 2021•Bolkar App, Axilor Ventures, GSF
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