About Faad Capital
Faad Capital, established in 2015, is an angel investment group based in Delhi, India. It primarily focuses on Seed investments in companies in India. Its portfolio includes 134 firms, spanning the Enterprise Applications, High Tech sectors. Its most notable investments include companies like Swiggy, InCred and Blu-Smart. As of Aug 2026, Faad Capital has 1 unicorn under its belt and has witnessed 6 portfolio exits. Its latest investment was a $419K Seed round in Invisel on Aug 13, 2026, which also saw participation from Indian Angel Network and BeyondSeed.
To date, 1,255 investors have co-invested in Faad Capital's portfolio companies, including prominent names like LetsVenture.
Faad Capital's List of Top Investments
Faad Capital has a portfolio of 134 companies, one of which is a Unicorn. Their most notable investments are in Skyber and Amaara Herbs.Their portfolio spans across India, United States and United Kingdom. They have invested in Enterprise Applications, High Tech, Consumer and 26 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Faad Capital:1. Swiggy
Operator of digital platforms facilitating food and grocery delivery services. These platforms connect consumers with restaurants and retail stores to enable the purchase and transport of prepared meals and household goods. The service manages the logistics of order fulfillment and delivery through a network of independent couriers. Users access these services through mobile applications to browse menus and product inventories before placing orders for fulfillment.
Key facts about Swiggy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $3.62B
- Employee Count: 4,488 as on Mar 31, 2025
- Investors: Harmony Partners, Goldman Sachs and 89 Others
- Latest Funding Round: Post IPO, Dec 12, 2025, $*****
- Highlight: Public
2. 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, Parishi Capital and 129 Others
- Latest Funding Round: Conventional Debt, Jul 04, 2025, $*****
- Highlight: Editors' Pick

3. Blu-Smart
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
Key facts about Blu-Smart
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Last Known Valuation: $*****
- Stage: Deadpooled
- Total Funding till date: $159M
- Employee Count: 613 as on Feb 28, 2025
- Investors: SoftBank Group, BlackSoil and 280 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
Manufacturer of electric motorcycles, components, rider safety equipment, and charging infrastructure. The company develops electric vehicle platforms and related products. These include connected helmets with integrated communication systems. The company also produces charging units and software for vehicle diagnostics and system monitoring.
Key facts about Ultraviolette
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $149M
- Employee Count: 398 as on Aug 31, 2025
- Investors: Qualcomm Ventures, Exor and 50 Others
- Latest Funding Round: Series E, Dec 02, 2025, $*****
- Highlight: Editors' Pick
Chains providing battery swapping services for electric two three wheelers. These facilities allow users to exchange depleted batteries for fully charged units. The infrastructure supports the operation of electric vehicles by providing access to energy storage components. This model facilitates continuous vehicle usage by eliminating wait times associated with traditional charging methods. The service focuses on the maintenance and distribution of rechargeable power units for compatible transport vehicles.
Key facts about Battery Smart
- Founded Year: 2019
- Location: Delhi (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $176M
- Employee Count: 505 as on May 31, 2026
- Investors: Rising Tide Fund, Orios Venture Partners and 50 Others
- Latest Funding Round: Series C, Aug 21, 2026, $*****
- Highlight: Editors' Pick
Faad Capital's Year-on-Year Investment Trends
Faad Capital has invested in 134 companies over the last 7 years, with an average of 13 new investments annually in the last 5 years. In 2025, it made 11 investments, while as of Aug 2026, it has made 4 investments in this year. Its most recent first time investment was in Invisel and most recent follow-on round was in Skye Air.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 2 | 4 |
2025 | 7 | 4 | 11 |
2024 | 19 | 6 | 25 |
2023 | 18 | 8 | 26 |
2022 | 12 | 10 | 22 |
2021 | 25 | 2 | 27 |
2020 | 9 | 1 | 10 |
2019 | 1 | 0 | 1 |
Faad Capital's Investments by Stage
Faad Capital has made 84 investments in Seed stage with an average round size of $825K, 6 investments in Series A stage with an average round size of $4.25M, 2 investments in Series B stage with an average round size of $1.18M and 1 investment in Angel stage with an average round size of $265K.Stage of entry | No. of Investments |
|---|---|
Seed | 84 |
Series A | 6 |
Series B | 2 |
Angel | 1 |
Note: We have considered here, only first round of investments
Faad Capital's Investments by Sector
Faad Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, High Tech and Sustainability Tech. Notably, it has invested in 106 Tech companies, 80 Enterprise (B2B) companies, 66 Consumer (B2C) companies and at least 55 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 36 |
Consumer | 27 |
Retail | 20 |
High Tech | 17 |
Sustainability Tech | 15 |
Others | 154 |
Note: We have considered here, only first round of investments
Faad Capital's Investments by Geography
Faad Capital has made most investments in India (93), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 93 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Faad Capital's recent investments
Faad Capital has made 4 investments in 2026 so far. Invisel and What’s Up Wellness are the latest among them.Here are the most recent investments by Faad Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 13, 2026 | India | Seed | 8841 | [+1] | |
May 30, 2026 | India | Seed | 6127 | ||
Mar 11, 2026 | India | Series B | 5107 | [+2] | |
Jan 08, 2026 | India | Series A | 5663 | [+14] | |
Oct 22, 2025 | India | Seed | 5308 |
Unicorns in Faad Capital's Portfolio
Faad Capital has 1 unicorn in its portfolio - InCred. The most recent unicorn in their portfolio is InCred which became a unicorn in 2023, 2 years before Faad Capital first invested in it.Here is a list of unicorns in Faad Capital's 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 | obtpnwa |
IPOs and Publicly Listed companies in Faad Capital's Portfolio
2 of Faad Capital's portfolio companies have become public. Value 360 Communications got listed on the National Stock Exchange (NSE), in May 2026 at marketcap of $16.6M and Swiggy got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $10.3B.Here are Faad Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 11, 2026 | - | - | 6221 | |
Nov 13, 2024 | - | - | 5071 |
Acquired companies in Faad Capital's Portfolio
4 companies from Faad Capital's portfolio have been acquired. The most recent acquisition was GenStaq in Sep 2025 by RevRag for $*****.Here are Faad Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 10, 2025 | - | - | 7205 | |
Aug 13, 2025 | May 04, 2023 | Seed | 5317 | |
Apr 23, 2025 | Oct 10, 2022 | Series A | 9407 | |
Oct 15, 2024 | - | - | 8689 |
Team profile of Faad Capital
Faad Capital has a team of 4 members including 3 Partners located in India. Faad Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Faad Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | |||
Partner | Delhi | - | ||
Partner | - | - |
Co-investors of Faad Capital
Over the past 7 years, 3580 investors have co-invested in Faad Capital's portfolio companies. This includes funds and angels.
- Invested before Faad Capital: LetsVenture, Angel List and 1386 others have invested in rounds before Faad Capital. There are 9 companies where LetsVenture has invested before Faad Capital and 6 companies where Angel List has invested before Faad Capital.
- Top Co-investors of Faad Capital: 1255 investors entered a company along with Faad Capital. These include investors like LetsVenture (18 companies).
- Invested after Faad Capital: A total of 937 investors have invested in Faad Capital's portfolio after their investments. Top Investors include Z Nation Lab (9 companies) and Venture Catalysts (7 companies).
Recent News related to Faad Capital
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CloudWorx: Building the Future of Web-Based Digital Twins and AI-Powered Applications (without GPUs!)Indian Startup Times•Jun 25, 2026•Cloudworx, LetsVenture, Faad Capital, 1Crowd
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GalaxEye Raises ₹44 Cr In Ongoing Series A Funding RoundStartupNews•Mar 12, 2026•GalaxEye, Speciale Invest, Rainmatter, Eraya Capital and 7 others
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Skye Air Raises $9 Mn To Expand Last-Mile Drone DeliveryInc42•Mar 10, 2026•Skye Air, Indian Angel Network, Bajaj Capital, Faad Capital and 1 other
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RoadGrid Secures Rs 12 Cr in Pre-Series A Funding Led by Venture CatalystsViestories•Jan 07, 2026•RoadGrid, Venture Catalysts, LinkedIn, Euler Motors and 8 others
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Fuel Cell Firm Umagine Hydrogen Secures $850000 Seed FundingMercom India•Oct 22, 2025•Umagine, Faad Capital, Venture Catalysts
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Fashion-tech startup ANNY raises Rs 10 crore to expand product categoriesIndian Startup News•Jul 22, 2025•ANNY, Faad Capital
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JustDeliveries Raises INR 5.5 Crore for Cold-Chain Logistics Expansion in IndiaIndiatimes•May 12, 2025•JustDeliveries, VC Grid, NABVENTURES, Faad Capital and 1 other
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JustDeliveries Raises ₹5.5 Crore for Cold-Chain Logistics Expansion in IndiaIndiatimes•May 12, 2025•JustDeliveries, Anay Ventures, Grid, NABVENTURES and 2 others
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JustDeliveries Raises INR 5.5 Crore to Boost IntraCity LogisticsOnline Media Cafe•May 12, 2025•JustDeliveries, Anay Ventures, Grid, NABVENTURES and 2 others
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JustDeliveries Secures INR 5.5 Crore Funding for ExpansionBusinessnewsthisweek•May 12, 2025•JustDeliveries, Anay Ventures, Grid, NABVENTURES and 2 others

