About Padup Ventures
Padup Ventures, an accelerator and incubator program founded in 2015, is based in Gurugram, India. With a presence in 2 countries, it has supported around 43 startups in sectors like Enterprise Applications, Consumer. Most notable companies in
its portfolio include South 8, IntelleWings and Enlog. The program is backed by a team of 79 people who primarily support Seed startups based in India. Its latest investment was a $454K Seed round in Dectrocel HealthCare and Research on Sep 05, 2025, which also saw participation from BioAngels and Vinners.
Key Metrics
Founded Year
2015
Location
Gurugram, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Padup Ventures' List of Top Investments
Padup Ventures has a portfolio of 43 companies. Their most notable investments are in IntelleWings and IntelleWings.Their portfolio spans across India and United States. They have invested in Enterprise Applications, Consumer, High Tech and 23 other sectors, across stages such as Seed stage. Here is the list of top investments by Padup Ventures:
1. South 8
Liquefied gas electrolyte for lithium ion batteries. It provides LiGas technology solution which is a proprietary blend of non toxic and non corrosive gasses. Its features include reduced fire risk, fast charge, low temperature performance, and manufacturability.
Key facts about South 8
- Founded Year: 2013
- Location: San Diego (United States)
- Stage: Series B
- Total Funding till date: $23M
- Employee Count: 46 as on Jun 30, 2026
- Investors: Shell, DOE and 17 Others
- Latest Funding Round: Grant (prize money), Apr 04, 2026, $*****
- Highlight: Editors' Pick
2. IntelleWings
Provider of AI powered AML and CFT compliance solutions. It leverages rule engine to monitor transactions in real time. The solutions help organizations meet regulatory requirements and detect fraudulent activities. It offers software solutions for sanction screening, PEP screening, adverse media screening, transaction monitoring, and AML checks. It assists businesses in detecting fraud and streamlining CDD processes. It caters its solution to industries such as banking, insurance, e-commerce, and more.
Key facts about IntelleWings
- Founded Year: 2019
- Location: Chandigarh (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $910K
- Employee Count: 10 as on Apr 30, 2025
- Investors: Dallas Venture Capital, Flipkart Leap and 54 Others
- Latest Funding Round: Grant (prize money), Sep 16, 2022, $*****
- Highlight: Editors' Pick
3. Enlog
AI-powered energy management solution. It is an energy management company that provides AI-powered IoT solutions to track and optimize real-time electricity consumption, enabling businesses and consumers to save energy and reduce their carbon footprint.
Key facts about Enlog
4. AssetChain
Blockchain-enabled identity and asset management. Its product includes My Digi ID for personal ID documentation, Charge Spot for blockchain-based EV charging, TruScholar for academic credential issuance applications, and more. It provides solutions to banks, insurers, educational institutions, and more.
Key facts about AssetChain
- Founded Year: 2019
- Location: Amravati (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.17M
- Investors: SucSEED Indovation, Padup Ventures and 51 Others
- Latest Funding Round: Seed, Mar 12, 2026, $*****
5. IUVA LABS
Internet first brand of whey protein. It makes use of the most recent developments in food technology and production techniques to guarantee that products maintain the rich flavour, texture, and experience of frozen desserts and sweets.
Key facts about IUVA LABS
Padup Ventures' Year-on-Year Investment Trends
Padup Ventures has invested in 43 companies over the last 12 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Dectrocel HealthCare and Research and most recent follow-on round was in IntelleWings.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 0 | 3 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 2 | 1 | 3 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
2019 | 0 | 0 | 0 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Padup Ventures' Investments by Stage
Padup Ventures has made 9 investments in Seed stage with an average round size of $273K.Padup Ventures' Investments by Sector
Padup Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, High Tech, Life Sciences and EdTech. Notably, it has invested in 30 Tech companies, 21 Enterprise (B2B) companies, 20 Software companies and at least 19 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Vertical SaaS | 4 |
High Tech | 3 |
Life Sciences | 3 |
EdTech | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
Padup Ventures' Investments by Geography
Padup Ventures has made most investments in India (8), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 8 |
United States | 1 |
Note: We have considered here, only first round of investments
Padup Ventures' recent investments
Padup Ventures has not made any investment in 2026 so far.Here are the most recent investments by Padup Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 05, 2025 | India | Seed | 5702 | [+1] | |
Sep 05, 2025 | India | Seed | 5274 | [+4] | |
Jun 24, 2025 | India | Seed | 2823 | ||
May 04, 2022 | India | Seed | 1219 | [+2] | |
Mar 23, 2022 | India | Seed | 7752 | [+36] |
Team profile of Padup Ventures
Padup Ventures has a team of 79 members including 5 Partners and 69 Principals located in India, United States and 5 more locations. Padup Ventures' team sits on the board of 6 companies.Here is a list of top team members in Padup Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Gurugram | - | - | |
Partner | India | - | ||
Partner | Gurugram | - | - | |
Partner | Gurugram | |||
Partner | Dubai | - | ||
Principal | - | |||
Principal | Stockholm | - | - | |
Principal | Bengaluru | - | ||
Principal | - | |||
Principal | Mumbai | - | - | |
Principal | Delhi | - |
Co-investors of Padup Ventures
Over the past 12 years, 134 investors have co-invested in Padup Ventures's portfolio companies. This includes funds and angels.
- Invested before Padup Ventures: Elina Investments, Alok Sethi and 57 others have invested in rounds before Padup Ventures. There is 1 company where Elina Investments has invested before Padup Ventures and 1 company where Alok Sethi has invested before Padup Ventures.
- Top Co-investors of Padup Ventures: 28 investors entered a company along with Padup Ventures. These include investors like Vinners (4 companies).
- Invested after Padup Ventures: A total of 47 investors have invested in Padup Ventures's portfolio after their investments. Top Investors include Dallas Venture Capital (1 company) and Reinforced Ventures (1 company).
Recent News related to Padup Ventures
•
TruScholar Secures Pre‑Series A Funding to Build AI‑Powered Digital Credential and Employability PlatformIndianWeb2•Apr 17, 2026•Vinners, Truscholar, Nasscom, SucSEED Indovation and 4 others
•
PadUp Ventures and Unicity Labs Partner to Bring Agentic Commerce Infrastructure to IndiwiMedia Bulletins•Feb 27, 2026•Unicity, Padup Ventures, Unicity
•
•
•
IntelleWings raises $100k in seed fundingPontaq•Oct 06, 2023•IntelleWings, SucSEED Indovation, Padup Ventures, VINNERS and 3 others
•
AML startup IntelleWings raises USD650k in pre-series A round led by Dallas VenturesPrivate Equity Wire•Mar 29, 2022•IntelleWings, Dallas Venture Capital, SucSEED Indovation, Padup Ventures and 7 others
•
Feetwings raises Capital from SucSEED Indovation FundTechStory•Jan 20, 2022•FeetWings, SucSEED Indovation, Padup Ventures, Elina Capital and 2 others
•
Gaming Startup ESportsXO Raises Seed Round of $1.1 Mn From We Founder Circle, Wami Capital, Sosv and OthersIndianWeb2•Dec 26, 2021•EsportsXO, SOSV, Mumbai Angels, SucSEED Indovation and 6 others
•
IntelleWings raises $100,000 as angel investment from Hyderabad's SucSEED Indovation fundUnited News of India•Jun 09, 2021•IntelleWings, SucSEED Indovation, Padup Ventures, VINNERS and 1 other
•
Ameliorate Biotech secured INR 2 crore as angel investmentTechStory•Jun 09, 2020•Ameliorate Biotech, Padup Ventures, Vinners, LetsVenture and 6 others
