Where is IAN Group's headquarters located?

IAN Group's headquarters is located in Delhi (India).

How many companies has IAN Group invested in?

IAN Group has invested in 292 companies, including EatClub & Zypp Electric.

Which companies has IAN Group invested in lately?

ThinkMetal & Indigo Tex are the latest investments by IAN Group.

What sectors does IAN Group focus on for investments?

Top sectors in IAN Group's portfolio are Enterprise Applications (92 investments) and High Tech (56 investments).

How many exits has IAN Group been involved in?

IAN Group's portfolio has seen 1 IPO and 18 acquisitions.

How many unicorns are there in IAN Group's portfolio?

There are 4 unicorns in IAN Group's portfolio.

IAN Group - 2026 Investor Profile, Portfolio, Team & Investment Trends

IAN Group, established in 2006, is an angel investment group based in Delhi, India. It primarily focuses on Seed investments in companies in India. Its portfolio includes 292 firms, spanning the Enterprise Applications, High Tech sectors. Its most notable investments include companies like EatClub, Zypp Electric and Spinny. As of Oct 2026, IAN Group has 4 unicorns under its belt and has witnessed 19 portfolio exits. Its latest investment was a $2.82M Series A round in ThinkMetal on Oct 13, 2026 along with 3i Partners.

To date, 2,706 investors have co-invested in IAN Group's portfolio companies, including prominent names like Raman Roy.

Key Metrics

Founded Year

2006

Location

Delhi, India

Portfolio Companies

EatClub, Zypp Electric & 290 more

Sectors of Investment

Enterprise Applications, High Tech & 38 more

Stages of Investment

Seed, Series A & 2 more

Locations of Investment

India, United States & 4 more

Unicorn in Portfolio

Uniphore, Spinny & 2 more

View IAN Group's full profile

IAN Group has a portfolio of 292 companies, including 4 unicorns. Their most notable investments are in Drink.ist and BreviStay.Their portfolio spans across India, United States, Sri Lanka and 3 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 37 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by IAN Group:

1. EatClub

Provider of D2C cloud kitchens and food delivery services. The app offers late-night delivery, live order tracking, and the ability to order from multiple brands in a single transaction. The company uses a cloud kitchen model, partnering with brands to provide a range of cuisines to its customers.

Key facts about EatClub

Founded Year: 2012
Location: Mumbai (India)
Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series E
Total Funding till date: $97.7M
Employee Count: 3,656 as on Aug 31, 2025
Investors: 360 One, Trifecta Capital and 76 Others
Latest Funding Round: Series E, Jul 26, 2025, $*****
Highlight: Editors' Pick

2. Zypp Electric

Operator of electric vehicle rental services for last mile delivery. This business provides electric scooters and three-wheeled loaders for commercial use. The service model includes battery swapping infrastructure to support continuous vehicle operation. Users access these vehicles through a digital platform to facilitate the transport of goods. The business maintains the fleet and provides technical support for the vehicles.

Key facts about Zypp Electric

Founded Year: 2017
Location: Gurugram (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
Valuation: $*****
Stage: Series C
Total Funding till date: $76.5M
Employee Count: 1,099 as on May 01, 2026
Investors: L N Bangur Group, CapFort Ventures and 174 Others
Latest Funding Round: Series C, Jan 15, 2025, $*****
Highlight: Editors' Pick

3. Spinny

Retailer of inspected pre-owned vehicles with home delivery service options. This business facilitates the purchase of used automobiles through an online platform and physical hubs. Each vehicle undergoes a technical evaluation to verify its condition before sale. The service includes options for vehicle financing, documentation processing, and home delivery. Customers may return vehicles within a specified timeframe after purchase.

Key facts about Spinny

Founded Year: 2015
Location: Gurugram (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series G
Total Funding till date: $741M
Employee Count: 5,812 as on May 31, 2026
Investors: WestBridge Capital, Fidelity Investments and 56 Others
Latest Funding Round: Series G, Dec 12, 2025, $*****
Highlight: Editors' Pick

4. TrueFan AI

Provider of AI video platform for enterprise marketing and content creation. It offers solutions for creating scalable, personalised video content. The platform supports multiple languages from a single recording. It provides AI video solutions for enterprises, plugging into existing workflows.

Key facts about TrueFan AI

Founded Year: 2019
Location: Gurugram (India)
Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series A
Total Funding till date: $24M
Employee Count: 149 as on May 31, 2026
Investors: Z3Partners, Saama and 31 Others
Latest Funding Round: Series A, Jun 04, 2026, $*****
Highlight: Editors' Pick

5. Druva

Provider of cloud-based platform for data protection, security, and governance. The platform delivers cyber resilience, automated threat response, and data recovery. It offers data protection, cyber response and recovery, and eDiscovery and compliance capabilities. The platform supports public cloud, hybrid cloud, SaaS applications, and endpoint environments.

Key facts about Druva

Founded Year: 2008
Location: Santa Clara (United States)
Valuation: $*****
Stage: Series H
Total Funding till date: $481M
Employee Count: 1,369 as on Sep 30, 2026
Investors: ADS Ventures, Founders Circle Capital and 42 Others
Latest Funding Round: Series H, Apr 19, 2021, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

IAN Group has invested in 292 companies over the last 20 years, with an average of 18 new investments annually in the last 10 years. In 2025, it made 29 investments, while as of Oct 2026, it has made 29 investments in this year. Its most recent first time investment was in ThinkMetal and most recent follow-on round was in Dhruva Space.

Here are IAN Group's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	22	7	29
2025	18	11	29
2024	11	11	22
2023	12	8	20
2022	27	17	44
2021	31	26	57
2020	18	12	30
2019	18	9	27
2018	10	5	15
2017	12	5	17

View all investments by IAN Group

IAN Group has made 236 investments in Seed stage with an average round size of $720K, 32 investments in Series A stage with an average round size of $3.19M, 8 investments in Angel stage with an average round size of $521K and 1 investment in Series B stage with an average round size of $4M.

Here are IAN Group's investments by stage:

Stage of entry	No. of Investments
Seed	236
Series A	32
Angel	8
Series B	1

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

View all investments by IAN Group

IAN Group has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Retail and Vertical SaaS. Notably, it has invested in 257 Tech companies, 172 Enterprise (B2B) companies, 142 Consumer (B2C) companies and at least 130 companies focusing on Software.

Here are IAN Group's investments by sector:

Sector	No. of Investments
Consumer	95
Enterprise Applications	89
High Tech	54
Retail	43
Vertical SaaS	32
Others	397

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

View all investments by IAN Group

IAN Group has made most investments in India (259), followed by United States where it has made 17 investments.

Here are IAN Group's investments by geography:

Country	No. of Investments
India	259
United States	17
United Kingdom	5
Sri Lanka	3
France	1
Others	1

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

View all investments by IAN Group

IAN Group has made 29 investments in 2026 so far. ThinkMetal and Indigo Tex are the latest among them.

Here are the most recent investments by IAN Group:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 13, 2026	ThinkMetal	India	Series A	2673	3i Partners
Oct 06, 2026	Indigo Tex	India	Seed	2230	SIDBI [+2]
Aug 25, 2026	CarbonStrong	India	Seed	2857	Rainmatter [+3]
Aug 13, 2026	Invisel	India	Seed	7469	BeyondSeed [+1]
Jun 25, 2026	Dhruva Space	India	Series A	2599	Antariksh Ventures [+5]

See more recent investments made by IAN Group

IAN Group has 4 unicorns in its portfolio - Uniphore, Spinny, Druva and others. The most recent unicorn in their portfolio is Uniphore. It became a unicorn in 2022, 7 years after IAN Group first invested in it.

Here is a list of unicorns in IAN Group's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
68	Uniphore	Provider of a business artificial intelligence platform with agentic and model layers	2008	High Tech [+1]	Palo Alto	Series F	ujcevjv
76	Spinny	Retailer of inspected pre-owned vehicles with home delivery service options	2015	Consumer [+3]	Gurugram	Series G	hmnppfa
74	Druva	Provider of cloud-based platform for data protection, security, and governance	2008	Enterprise Infrastructure [+1]	Santa Clara	Series H	fsxdfqp
72	Ola Cabs	Operator of a network providing on-demand transportation and mobility solutions	2010	Consumer [+4]	Bengaluru	Series J	row{cje

View more details about unicorns in IAN Group's portfolio

1 of IAN Group's portfolio company became public - Klassroom. It got listed on the Bombay Stock Exchange (BSE), in Aug 2026 at marketcap of $15.6M

Here are IAN Group's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Klassroom	Aug 07, 2026	May 31, 2021	Seed	8210

View more details about public companies in IAN Group's portfolio

18 companies from IAN Group's portfolio have been acquired. The most recent acquisition was BreviStay in Jun 2026 by Ixigo for $*****.

Here are IAN Group's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
BreviStay	Jun 05, 2026	Aug 03, 2022	Seed	4244
Dusminute	Sep 01, 2025	Jan 21, 2021	Seed	8713
TaxSpanner	Sep 26, 2024	-	-	2171
Pikkol	Sep 06, 2023	Jun 15, 2016	Seed	9703
Coolberg	Nov 28, 2022	Jul 29, 2018	Seed	5625

View all acquired companies in IAN Group's portfolio

IAN Group has a team of 49 members including 4 Principals located in India. IAN Group's team does not sit on the board of any company as of now.

Here is a list of top team members in IAN Group:

Name	Designation	Location	Board Memberships	Contact Details
Hari Balasubramanian	Principal	Bengaluru	-	2 Emails, 1 Phone number
Karthik Parasuram B	Principal	Kochi	-	1 Email, 1 Phone number
Romesh Sobti	Principal	-	-	-
Sri Prakash	Principal	-	-	-

View team details of IAN Group

Over the past 20 years, 7376 investors have co-invested in IAN Group's portfolio companies. This includes funds and angels.

Invested before IAN Group: LVX, 100X.VC and 1938 others have invested in rounds before IAN Group. There are 8 companies where LVX has invested before IAN Group and 8 companies where 100X.VC has invested before IAN Group.
Top Co-investors of IAN Group: 2706 investors entered a company along with IAN Group. These include investors like Raman Roy (100 companies).
Invested after IAN Group: A total of 2730 investors have invested in IAN Group's portfolio after their investments. Top Investors include Haystack (14 companies) and Gopal Menon (11 companies).