About IAN Group
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 293 firms, spanning the Enterprise Applications, High Tech sectors. Its most notable investments include companies like EatClub, TrueFan AI and Zypp Electric. As of Nov 2026, IAN Group has 4 unicorns under its belt and has witnessed 19 portfolio exits. Its latest investment was a $3M Seed round in Harajuku on Oct 22, 2026, which also saw participation from SamVed VC and Blume Venture.
To date, 2,687 investors have co-invested in IAN Group's portfolio companies, including prominent names like Raman Roy.
IAN Group's List of Top Investments
IAN Group has a portfolio of 293 companies, including 4 unicorns. Their most notable investments are in BreviStay and Ensologic.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
Operator of a food delivery application. The platform facilitates the ordering and delivery of food items from various restaurants to 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. 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: 2020
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $21.1M
- Employee Count: 149 as on May 31, 2026
- Investors: Z3Partners, Saama and 30 Others
- Latest Funding Round: Series A, Jun 04, 2026, $*****
- Highlight: Editors' Pick
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
4. 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: $679M
- 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
5. Druva
Provider of investment and venture capital services for early-stage technology companies. The firm focuses on identifying and supporting high-growth startups with the potential to reach significant market valuations, offering strategic guidance and capital to accelerate development and innovation within the technology sector.
Key facts about Druva
- Founded Year: 2008
- Location: Santa Clara (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $475M
- 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
IAN Group's Year-on-Year Investment Trends
IAN Group has invested in 293 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 30 investments in this year. Its most recent first time investment was in ThinkMetal and most recent follow-on round was in Harajuku.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 22 | 8 | 30 |
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 | 8 | 26 |
2018 | 10 | 5 | 15 |
2017 | 12 | 5 | 17 |
IAN Group's Investments by Stage
IAN Group has made 237 investments in Seed stage with an average round size of $702K, 32 investments in Series A stage with an average round size of $3.17M, 8 investments in Angel stage with an average round size of $509K and 1 investment in Series B stage with an average round size of $4M.Stage of entry | No. of Investments |
|---|---|
Seed | 237 |
Series A | 32 |
Angel | 8 |
Series B | 1 |
Note: We have considered here, only first round of investments
IAN Group's Investments by Sector
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 258 Tech companies, 172 Enterprise (B2B) companies, 142 Consumer (B2C) companies and at least 131 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 95 |
Enterprise Applications | 89 |
High Tech | 55 |
Retail | 44 |
Vertical SaaS | 32 |
Others | 396 |
Note: We have considered here, only first round of investments
IAN Group's Investments by Geography
IAN Group has made most investments in India (260), followed by United States where it has made 17 investments.Country | No. of Investments |
|---|---|
India | 260 |
United States | 17 |
United Kingdom | 5 |
Sri Lanka | 3 |
France | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
IAN Group's recent investments
IAN Group has made 30 investments in 2026 so far. Harajuku and ThinkMetal are the latest among them.Here are the most recent investments by IAN Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 22, 2026 | India | Seed | 5207 | [+3] | |
Oct 13, 2026 | India | Series A | 4337 | ||
Oct 06, 2026 | India | Seed | 8403 | [+2] | |
Aug 25, 2026 | India | Seed | 5754 | [+3] | |
Aug 13, 2026 | India | Seed | 8371 | [+1] |
Unicorns in IAN Group's Portfolio
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:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Provider of a business artificial intelligence platform with agentic and model layers | 2008 | Palo Alto | Series F | seikwrz | ||
76 | Retailer of inspected pre-owned vehicles with home delivery service options | 2015 | Gurugram | Series G | yszcgsj | ||
74 | Provider of investment and venture capital services for early-stage technology companies | 2008 | Santa Clara | Series H | djetvgz | ||
72 | Operator of a mobility platform providing ride-hailing services for various transportation needs | 2010 | Bengaluru | Series J | bvef{hb |
IPOs and Publicly Listed companies 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 $15.6MHere are IAN Group's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 07, 2026 | May 31, 2021 | Seed | 6352 |
Acquired 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:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 05, 2026 | Aug 03, 2022 | Seed | 2290 | |
Sep 01, 2025 | Jan 21, 2021 | Seed | 4673 | |
Sep 26, 2024 | - | - | 4174 | |
Sep 06, 2023 | Jun 15, 2016 | Seed | 1538 | |
Nov 28, 2022 | Jul 29, 2018 | Seed | 2677 |
Team profile of IAN Group
IAN Group has a team of 48 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 |
|---|---|---|---|---|
Principal | Bengaluru | - | ||
Principal | Kochi | - | ||
Principal | - | - | - | |
Principal | - | - | - |
Co-investors of IAN Group
Over the past 20 years, 7357 investors have co-invested in IAN Group's portfolio companies. This includes funds and angels.
- Invested before IAN Group: LVX, 100X.VC and 1937 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: 2687 investors entered a company along with IAN Group. These include investors like Raman Roy (100 companies).
- Invested after IAN Group: A total of 2731 investors have invested in IAN Group's portfolio after their investments. Top Investors include Haystack (14 companies) and Indian Angel Network Fund (10 companies).
Recent News related to IAN Group
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ThinkMetal Secures Rs 27 Crore Funding Led by IAN Alpha FundEntrackr•Oct 13, 2026•IAN Group, ThinkMetal
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IndigoTex Secures INR 5 Cr in Funding Led by IAN Angel FundEnablers•Oct 06, 2026•Indigo Tex, IAN Group, IIT Delhi Angels, SIDBI Fund of Funds
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Invisel Secures ₹4 Crore in Funding Led by IAN Angel FundStartupTalky•Aug 13, 2026•IAN Group, Invisel, BeyondSeed
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Farm Watt Innovations Secures ₹32.5 Crore Funding Co-Led by IAN Alpha Fund and RainmatterStartupTalky•Jul 23, 2026•Rainmatter, IAN Group
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Milo Drive Raises $2.4 Million in Seed Funding to Expand Fleet PlatformCyberMedia India Online•Jul 09, 2026•Caret Capital, Milo Drive, Alteria Capital, Antler and 3 others
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IAN Angel Fund Deploys Over ₹115 Crore in FY26 for Deeptech StartupsCyberMedia India Online•Jun 26, 2026•IAN Group
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EV Logistics Startup Zypp Electric Plans $200 Mn IPO in FY28Outlook Business•Jun 22, 2026•Zypp Electric, Goodyear Ventures, Venture Catalysts, IAN Group and 6 others
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Biodimension Raises ₹8 Cr from IAN Angel Fund, Others to Accelerate Product Development and Global LaunchViestories•Jun 11, 2026•IAN Group, BioDimension, Campus Angels Network
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The Sweet Change has raised INR 1.7 Cr in a Pre-Seed funding round led by RebalanceEnablers•Jun 04, 2026•The Sweet Change, IAN Group, Rebalance
