Where is NSRCEL's headquarters located?

NSRCEL's headquarters is located in Bengaluru (India).

How many companies has NSRCEL invested in?

NSRCEL has invested in 22 companies, including Daffodil Health & The Energy Company.

Which companies has NSRCEL invested in lately?

Reneonix & Apratima Biosolutions are the latest investments by NSRCEL.

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

1. Daffodil Health

Mobile assistant for parents of children with special needs. The app offers different brain training exercises, activities, and expert-led chat support for children. Also, it offers client and practice management software for professionals working in child development centres.

Key facts about Daffodil Health

Founded Year: 2018
Location: Bengaluru (India)
Annual Revenue: ₹50.6L as on Mar 31, 2023
Stage: Series A
Total Funding till date: $20.9M
Employee Count: 6 as on Jul 01, 2024
Investors: Maverick Ventures, Flare Capital Partners and 9 Others
Latest Funding Round: Series A, Feb 17, 2026, $*****

2. The Energy Company

Provider of battery storage systems and software for energy management. The company designs application-specific systems, integrating hardware engineering, power electronics, and digital lifecycle intelligence. These systems replace diesel generators, capture curtailed solar energy, and participate in energy markets. The software coordinates battery assets into a unified network for grid services.

Key facts about The Energy Company

Founded Year: 2021
Location: Bengaluru (India)
Annual Revenue: ₹2.32Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $3.39M
Employee Count: 59 as on Aug 31, 2025
Investors: LetsVenture, Faad Capital and 48 Others
Latest Funding Round: Seed, Dec 30, 2024, $*****
Highlight: Editors' Pick

3. DIAL4242

App based ambulance booking platform. It provides an online platform for booking ambulances in case of an emergency. It enables patients to select the type of ambulance, pick-up location, drop location and book an ambulance on the platform. It also allows users to track the ambulance location on a real time basis and estimated time to the destination along with the route map.

Key facts about DIAL4242

Founded Year: 2016
Location: Mumbai (India)
Annual Revenue: ₹9.86Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $1.77M
Employee Count: 11 - 50 as on Jul 01, 2024
Investors: Starfish Ventures, Indian Angel Network and 31 Others
Latest Funding Round: Seed, Mar 11, 2025, $*****
Highlight: Editors' Pick

4. HighwayDelite

Provider of an app-based location tracking platform. It provides users with an online platform guiding travellers commuting on highways. It also provides users with emergency assistance and travel offers. Its app is available across Android and iOS platforms.

Key facts about HighwayDelite

Founded Year: 2014
Location: Bengaluru (India)
Annual Revenue: ₹20.4Cr as on Mar 31, 2025
Stage: Seed
Employee Count: 51 as on Feb 28, 2025
Investors: NSRCEL, Startup Karnataka and 1 Other
Latest Funding Round: Seed, Jan 23, 2017, $*****

5. Green Tiger

Provider of electric retrofitting of two-wheeler gearless scooters. With a focus on sustainable energy solutions, the company aims to reduce carbon emissions and promote eco-friendly transportation.

Key facts about Green Tiger

Founded Year: 2020
Location: Bengaluru (India)
Annual Revenue: ₹4.61Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $1.95M
Employee Count: 20 as on Aug 31, 2025
Investors: Faad Capital, Investtech and 23 Others
Latest Funding Round: Seed, Nov 10, 2023, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

NSRCEL has invested in 22 companies over the last 10 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Reneonix and most recent follow-on round was in Radifinity.

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

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	3	0	3
2024	1	0	1
2023	10	0	10
2022	1	0	1
2021	1	0	1

View all investments by NSRCEL

NSRCEL has made 13 investments in Grant (prize money) stage and 5 investments in Seed stage with an average round size of $613K.

Here are NSRCEL's investments by stage:

Stage of entry	No. of Investments
Grant (prize money)	13
Seed	5

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

View all investments by NSRCEL

NSRCEL has a diverse portfolio, with companies operating in the Auto Tech, Transportation and Logistics Tech, Environment Tech, Sustainability Tech and Energy Tech. Notably, it has invested in 19 Tech companies, 15 Enterprise (B2B) companies, 13 Consumer (B2C) companies and at least 11 companies focusing on Software.

Here are NSRCEL's investments by sector:

Sector	No. of Investments
Auto Tech	10
Transportation and Logistics Tech	10
Environment Tech	8
Sustainability Tech	8
Energy Tech	7
Others	35

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

View all investments by NSRCEL

NSRCEL has made most investments in India (18).

View all investments by NSRCEL

NSRCEL has not made any investment in 2026 so far.

Here are the most recent investments by NSRCEL:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Dec 19, 2025	Reneonix	India	Seed	5810	Inflection Point Ventures [+3]
2025	Apratima Biosolutions	India	Grant (prize money)	1015	Rainmatter [+1]
Mar 11, 2025	DIAL4242	India	Seed	6197	Indian Angel Network [+2]
Apr 2024	Propall	India	Grant (prize money)	6115	-
May 12, 2023	Evoride	India	Grant (prize money)	1643	Alstom

See more recent investments made by NSRCEL

NSRCEL has a team of 90 members including 2 Partners, 1 Venture Partner and 23 Principals located in India and United States. NSRCEL's team sits on the board of 1 company.

Here is a list of top team members in NSRCEL:

Name	Designation	Location	Board Memberships	Contact Details
Anand Ganesh	Partner	India	-	1 Email
Srivardhini Jha	Partner	India	-	-
Harihar Menon	Venture Partner	Hyderabad	-	-
Nikesh Shah	Principal	Bengaluru	Rialto Cables	1 Email
Anisha Banka	Principal	Kolkata	-	-
Sakshat Gandhi	Principal	Delhi	Baylink	1 Email
Nethravathi M Dhannur	Principal	India	-	-
Shloka Sachdev	Principal	India	-	-
Susmita Ghosh	Principal	India	-	-
Vikyath Nanjappa	Principal	India	-	-
Ankita Pegu	Principal	India	-	1 Email

View team details of NSRCEL

Over the past 10 years, 170 investors have co-invested in NSRCEL's portfolio companies. This includes funds and angels.

Invested before NSRCEL: LetsVenture, India Accelerator and 128 others have invested in rounds before NSRCEL. There are 2 companies where LetsVenture has invested before NSRCEL and 1 company where India Accelerator has invested before NSRCEL.
Top Co-investors of NSRCEL: 10 investors entered a company along with NSRCEL. These include investors like Alstom (9 companies).
Invested after NSRCEL: A total of 30 investors have invested in NSRCEL's portfolio after their investments. Top Investors include Faad Capital (2 companies) and Maverick Ventures (1 company).