About The Indus Entrepreneurs
The Indus Entrepreneurs, established in 1992, is an angel investment group based in Sunnyvale, United States. It primarily focuses on Seed investments in companies in United States. Its portfolio includes 30 firms, spanning the Enterprise Applications, High Tech sectors. Its most notable investments include companies like InfoBay, Hemex Health and PayStand. As of Aug 2026, The Indus Entrepreneurs has witnessed 3 portfolio exits. Its latest investment was a $3.4M Seed round in Swirepay on Feb 26, 2025, which also saw participation from Aum Ventures and Q Payments.
To date, 141 investors have co-invested in The Indus Entrepreneurs's portfolio companies, including prominent names like SucSEED Indovation.
Key Metrics
Founded Year
1992
Location
Sunnyvale, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed, Series A & 3 more
Locations of Investment
The Indus Entrepreneurs' List of Top Investments
The Indus Entrepreneurs has a portfolio of 30 companies. Their most notable investments are in Swirepay and Modern Matter.Their portfolio spans across United States, India, Canada and 3 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 17 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by The Indus Entrepreneurs:
1. InfoBay
Provider of curated datasets and benchmarks for artificial intelligence model training. They engineer datasets to enhance pre-training, alignment, and real-world performance. The company crafts specialized datasets and post-training signals to sharpen model reliability and multimodal depth. It delivers production-ready intelligence for enterprise and research applications through intelligent curation and scalable data pipelines.
Key facts about InfoBay
- Location: Farrukhabad (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $6.34M
- Employee Count: 14 as on Aug 31, 2025
- Investors: LetsVenture, Maruna Exports and 108 Others
- Latest Funding Round: Seed, May 24, 2022, $*****
- Highlight: Editors' Pick
2. Hemex Health
Portable diagnostic devices empowering healthcare frontlines with affordable, accurate testing. They break traditional barriers with an innovative diagnostic system that expands the potential of diagnostics for important conditions, making accurate tests accessible to new locations and new populations. They design diagnostic technologies for the real world by listening to the needs of healthcare providers including those in some of the most remote and challenging settings. Their initial tests include sickle cell disease, beta thalassemia, and ferritin. They offer a miniaturized version of the gold standard test known as cellulose acetate electrophoresis. Results are displayed quickly and can be stored locally or transmitted to the Cloud for patient and disease tracking. They are focused on point-of-care diagnostics, portable diagnostics, and affordable healthcare solutions. They are working towards social impact by enabling early diagnosis and disease tracking.
Key facts about Hemex Health
- Founded Year: 2016
- Location: Portland (United States)
- Stage: Series A
- Total Funding till date: $6.24M
- Employee Count: 33 as on Jun 30, 2025
- Investors: Alliance of Angels, Social Alpha and 18 Others
- Latest Funding Round: Grant (prize money), Sep 16, 2024, $*****
3. PayStand
Payment processing solutions for bitcoin, e-checks, and credit cards. It is a payment eCommerce checkout system that enables any organization to receive money from the website, social network, and web application without transaction costs. It is the first multi-payment gateway that accepts credit cards, ACH, Dwolla, and Bitcoins without transaction fees. Merchants pay a monthly fee for the payment software and avoid transaction fees charged by other payment services.
Key facts about PayStand
- Founded Year: 2013
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $85M
- Employee Count: 236 as on May 31, 2026
- Investors: EPIC Ventures, Cervin and 22 Others
- Latest Funding Round: Series C, Jul 23, 2021, $*****
- Highlight: Editors' Pick
4. Apptega
Cybersecurity compliance platform for enterprises. It provides a platform for the management and assessment of cybersecurity related vulnerabilities present in enterprises. The platform also provides a single online dashboard for visibility and control of the entire cybersecurity. The platform offers the facility to enforce rules and policies to implement compliance frameworks such as NIST, HIPPA, PCI, SOC 2, and SEC. It also offers real-time compliance reporting with scoring and centralized management of the project lifecycle, task management, collaboration, and budgeting.
Key facts about Apptega
- Founded Year: 2017
- Location: Atlanta (United States)
- Stage: Series A
- Total Funding till date: $53.4M
- Employee Count: 54 as on Jun 30, 2026
- Investors: Mainsail Partners, Ascent Capital and 6 Others
- Latest Funding Round: Series A, Apr 30, 2024, $*****
- Highlight: Editors' Pick

5. Heliware
Developer of a platform providing 3D geospatial and data solutions. The platform offers tools for data visualization, governance, and analysis. It provides solutions for solar, construction, logistics, defense, smart city, retail, agriculture, and automotive sectors. The platform includes end-to-end asset management, data science, and developer tools.
Key facts about Heliware
- Founded Year: 2018
- Location: Gurugram (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.92M
- Employee Count: 35 as on Mar 31, 2025
- Investors: Inflection Point Ventures, Tech Innovations and 58 Others
- Latest Funding Round: Seed, Jan 12, 2026, $*****
- Highlight: Editors' Pick
The Indus Entrepreneurs' Year-on-Year Investment Trends
The Indus Entrepreneurs has invested in 30 companies over the last 15 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Swirepay and most recent follow-on round was in Heliware.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 1 | 2 | 3 |
2023 | 2 | 0 | 2 |
2022 | 3 | 1 | 4 |
2021 | 6 | 0 | 6 |
2020 | 1 | 1 | 2 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
2017 | 2 | 2 | 4 |
The Indus Entrepreneurs' Investments by Stage
The Indus Entrepreneurs has made 18 investments in Seed stage with an average round size of $1.86M, 4 investments in Series A stage with an average round size of $3.05M, 2 investments in Grant (prize money) stage with an average round size of $750K, 1 investment in Series B stage with an average round size of $17M and 1 investment in Unattributed stage with an average round size of $1.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
Series A | 4 |
Grant (prize money) | 2 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
The Indus Entrepreneurs' Investments by Sector
The Indus Entrepreneurs has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Vertical SaaS and FinTech. Notably, it has invested in 24 Tech companies, 21 Enterprise (B2B) companies, 16 Software companies and at least 9 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 14 |
High Tech | 7 |
Life Sciences | 5 |
Vertical SaaS | 4 |
FinTech | 3 |
Others | 26 |
Note: We have considered here, only first round of investments
The Indus Entrepreneurs' Investments by Geography
The Indus Entrepreneurs has made most investments in United States (15), followed by India where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 15 |
India | 8 |
Canada | 1 |
Germany | 1 |
Pakistan | 1 |
Note: We have considered here, only first round of investments
The Indus Entrepreneurs' recent investments
The Indus Entrepreneurs has not made any investment in 2026 so far.Here are the most recent investments by The Indus Entrepreneurs:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 26, 2025 | United States | Seed | 3373 | [+3] | |
Nov 06, 2024 | India | Seed | 4094 | ||
Aug 19, 2024 | Germany | Series B | 7924 | [+5] | |
Jul 09, 2024 | United States | Unattributed | 6126 | [+4] | |
May 04, 2023 | India | Seed | 9001 |
Acquired companies in The Indus Entrepreneurs' Portfolio
3 companies from The Indus Entrepreneurs' portfolio have been acquired. The most recent acquisition was The Diversity Movement in Nov 2023 by Workplace Options for $*****.Here are The Indus Entrepreneurs' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 07, 2023 | Dec 07, 2022 | Seed | 2524 | |
Jun 15, 2023 | Feb 24, 2021 | Seed | 1534 | |
Feb 01, 2015 | Nov 17, 2011 | Series A | 8664 |
Team profile of The Indus Entrepreneurs
The Indus Entrepreneurs has a team of 17 members including 2 Partners located in India. The Indus Entrepreneurs' team does not sit on the board of any company as of now.Co-investors of The Indus Entrepreneurs
Over the past 15 years, 361 investors have co-invested in The Indus Entrepreneurs's portfolio companies. This includes funds and angels.
- Invested before The Indus Entrepreneurs: SucSEED, Venture Garage and 166 others have invested in rounds before The Indus Entrepreneurs. There is 1 company where SucSEED has invested before The Indus Entrepreneurs and 1 company where Venture Garage has invested before The Indus Entrepreneurs.
- Top Co-investors of The Indus Entrepreneurs: 141 investors entered a company along with The Indus Entrepreneurs. These include investors like SucSEED Indovation (2 companies).
- Invested after The Indus Entrepreneurs: A total of 52 investors have invested in The Indus Entrepreneurs's portfolio after their investments. Top Investors include NewView Capital (2 companies) and Lead Invest (1 company).
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3D geospatial platform Heliware raises Rs 4 crore in funding led by JIIFIndian Startup News•Nov 06, 2024•JITO Incubation & Innovation Foundation, The Indus Entrepreneurs, Heliware
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