About 72 Degrees
72 Degrees, established in 2016, is an angel investment group based in Bengaluru, India. It primarily focuses on Seed investments in companies in India. Its portfolio includes 11 firms, spanning the Enterprise Applications, Consumer sectors. Its most notable investments include companies like InCred, Prayaan Capital and Adukale. As of Oct 2026, 72 Degrees has 1 unicorn under its belt and has witnessed 1 portfolio exit. Its latest investment was a ₹9.39Cr Seed round in Adukale on Aug 13, 2025, which also saw participation from Akshaya Mayur and Sreepriya Nellicherry Sivaraman.
To date, 71 investors have co-invested in 72 Degrees's portfolio companies, including prominent names like Ameya Hete.
Key Metrics
Founded Year
2016
Location
Bengaluru, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
Unicorn in Portfolio
72 Degrees' List of Top Investments
72 Degrees has a portfolio of 11 companies, one of which is a Unicorn. Their most notable investments are in Adukale and Fandromeda.Their portfolio spans across and India. They have invested in Enterprise Applications, Consumer, High Tech and 9 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by 72 Degrees:1. InCred
Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its suite of offerings. It provides loans tailored to meet financial needs within the lending industry. The company also offers resources related to regulatory compliance and consumer education.
Key facts about InCred
- Founded Year: 2016
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $320M
- Employee Count: 2,161 as on May 31, 2025
- Investors: Nippon, Asas Capital and 130 Others
- Latest Funding Round: Conventional Debt, Jul 04, 2025, $*****
- Highlight: Editors' Pick
Non-banking financial company that provides small business loans and value-added services to micro, small, and medium-sized enterprises. The company specializes in providing small business loans and services to micro, small, and medium-sized enterprises. The company focuses on digitization and credit access.
Key facts about Prayaan Capital
- Founded Year: 2018
- Location: Chennai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $16.9M
- Employee Count: 115 as on Aug 31, 2025
- Investors: Peak XV Partners, Caspian Debt and 29 Others
- Latest Funding Round: Series A, Feb 19, 2026, $*****
3. Adukale
Brand of snacks. It is specializing in authentic Karnataka and Sankethi cuisine products like snacks, instant mixes, masalas, powders, and sweets. The culinary heritage with traditional items such as Kodubale (rice flour rings with coconut), Maddur Vade, and chutney powders. It is offerings include crunchy snacks like Benne Muruku and Kayi Kodubale, namkeens such as Congress Kadlekayi, and festive combos for events .
Key facts about Adukale
- Founded Year: 2009
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.91M
- Employee Count: 222 as on Aug 31, 2025
- Investors: NuVentures, Anicut Capital and 54 Others
- Latest Funding Round: Seed, Aug 13, 2025, $*****
Developer of virtual reality hardware offering immersive visual experiences to users. The company provides head-mounted displays designed for high resolution and wide field of view. The hardware incorporates head tracking and lens adjustment features. It offers compatibility with various computer systems.
Key facts about Absentia Virtual Reality
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $3.87M
- Employee Count: 17 as on Sep 30, 2026
- Investors: Exfinity Venture Partners, Aeroflex Enterprises and 30 Others
- Latest Funding Round: Series A, Jan 02, 2020, $*****
- Highlight: Editors' Pick
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5. SecurTime
Cloud-based suite solutions for contingent workforce management. It offers features such as live attendance tracking, alerts, and notifications management, shift scheduling, dashboard analytics, reports generation, payroll management, and more. It allows users to apply for leave and manages holidays. It is a tool available on the subscription based pricing model.
Key facts about SecurTime
- Founded Year: 2012
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.36M
- Employee Count: 74 as on Aug 31, 2025
- Investors: Pratithi Investments, Parampara Capital and 28 Others
- Latest Funding Round: Seed, Mar 24, 2023, $*****
- Highlight: Acquired
72 Degrees' Year-on-Year Investment Trends
72 Degrees has invested in 11 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Prayaan Capital and most recent follow-on round was in Adukale.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 2 | 2 |
2023 | 0 | 1 | 1 |
2022 | 0 | 0 | 0 |
2021 | 0 | 1 | 1 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 1 | 1 | 2 |
2017 | 5 | 0 | 5 |
72 Degrees' Investments by Stage
72 Degrees has made 7 investments in Seed stage with an average round size of $706K and 2 investments in Series A stage with an average round size of $15.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 2 |
Note: We have considered here, only first round of investments
72 Degrees' Investments by Sector
72 Degrees has a diverse portfolio, with companies operating in the Consumer, Financial Services, Enterprise Applications, FinTech and High Tech. Notably, it has invested in 8 Consumer (B2C) companies, 8 Tech companies, 6 Enterprise (B2B) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Financial Services | 3 |
Enterprise Applications | 2 |
FinTech | 2 |
High Tech | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
72 Degrees' Investments by Geography
72 Degrees has made most investments in India (9).72 Degrees' recent investments
72 Degrees has not made any investment in 2026 so far.Here are the most recent investments by 72 Degrees:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 13, 2025 | India | Seed | 8128 | [+18] | |
Jul 06, 2024 | India | Seed | 6311 | [+29] | |
Jan 01, 2024 | India | Seed | 1584 | [+18] | |
May 18, 2023 | India | Seed | 1815 | [+8] | |
Oct 01, 2021 | India | Seed | 2627 | [+11] |
Unicorns in 72 Degrees' Portfolio
72 Degrees has 1 unicorn in its portfolio - InCred. The most recent unicorn in their portfolio is InCred which became a unicorn in 2023, 6 years after 72 Degrees first invested in it.Here is a list of unicorns in 72 Degrees' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
82 | Provider of financial services specializing in personal, education, and business loans | 2016 | Mumbai | Series D | rlatboz |
Acquired companies in 72 Degrees' Portfolio
1 company from 72 Degrees' portfolio has been acquired. The most recent acquisition was SecurTime in Jan 2023 by ADP for $*****.Here are 72 Degrees' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 18, 2023 | Dec 26, 2016 | Seed | 6884 |
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Co-investors of 72 Degrees
Over the past 10 years, 259 investors have co-invested in 72 Degrees's portfolio companies. This includes funds and angels.
- Invested before 72 Degrees: Astarc Ventures, Nagaraj Magadum and 54 others have invested in rounds before 72 Degrees. There are 2 companies where Astarc Ventures has invested before 72 Degrees and 2 companies where Nagaraj Magadum has invested before 72 Degrees.
- Top Co-investors of 72 Degrees: 71 investors entered a company along with 72 Degrees. These include investors like Ameya Hete (2 companies).
- Invested after 72 Degrees: A total of 132 investors have invested in 72 Degrees's portfolio after their investments. Top Investors include Manipal Group (2 companies) and FMO (1 company).
Recent News related to 72 Degrees
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Exfinity invests in AI/VR startup AbsentiaIndiatimes•Apr 18, 2017•Absentia Virtual Reality, Exfinity Venture Partners, Sprout Venture Partners, Venture Catalysts and 6 others
