Where is Catamaran's headquarters located?

Catamaran's headquarters is located in Bengaluru (India).

How big is Catamaran's investment team?

Catamaran has a team of 11, including 3 partners.

How many companies has Catamaran invested in?

Catamaran has invested in 49 companies, including ACKO & Udemy.

Which companies has Catamaran invested in lately?

Matel & Akshayakalpa are the latest investments by Catamaran.

What sectors does Catamaran focus on for investments?

Top sectors in Catamaran's portfolio are Consumer (12 investments) and Enterprise Applications (5 investments).

What stages of companies does Catamaran typically invest in?

Catamaran primarily invests in Series A and Series B stages.

How many exits has Catamaran been involved in?

Catamaran's portfolio has seen 12 IPOs and 12 acquisitions.

How many unicorns are there in Catamaran's portfolio?

There are 3 unicorns in Catamaran's portfolio.

Catamaran - 2026 Investor Profile, Portfolio, Team & Investment Trends

Catamaran is a family office founded in 2010. It is primarily based out of Bengaluru, India. As of Nov 2026, Catamaran is an active investor, having invested in 49 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in India based companies. Its investments are spread across a wide range of sectors from Consumer, Enterprise Applications. Its latest investment was a $13.6M Series B round in Matel on Aug 03, 2026, which also saw participation from UC Impower and Transition VC.

Overall, Catamaran portfolio has seen 3 unicorns, 12 IPOs and 12 acquisitions including key companies like ACKO, Udemy and Reddit. A lot of funds co-invest with Catamaran, with names like Accel sharing a substantial percentage of its portfolio.

Catamaran has a team of 11 people including 3 partners.

Key Metrics

Founded Year

2010

Location

Bengaluru, India

Portfolio Companies

ACKO, Udemy & 47 more

Sectors of Investment

Consumer, Enterprise Applications & 26 more

Stages of Investment

Series A, Series B & 5 more

Locations of Investment

India, United Kingdom & 3 more

Unicorn in Portfolio

ACKO, VerSe & 1 more

View Catamaran's full profile

Catamaran has a portfolio of 49 companies, including 3 unicorns. Their most notable investments are in Vyoma and Vyoma.Their portfolio spans across India, United Kingdom, United States and 2 more locations. They have invested in Consumer, Enterprise Applications, EdTech and 25 other sectors, across stages such as Series A, Series B and 5 more. Here is the list of top investments by Catamaran:

1. ACKO

Digital insurance platform offering car, bike, health, life, and travel insurance. Its platform enables customers to discover, compare, purchase, and manage insurance policies through digital channels, with features such as simplified pricing, rapid claims processing, cashless vehicle repairs, and 24/7 customer support. It also offers technology-enabled services such as vehicle insights, traffic fine payments, FASTag alerts, pollution certificate reminders, health emergency assistance, and policy analysis. Additionally, its digital automotive platform supports vehicle discovery, comparison, and online bookings.

Key facts about ACKO

Founded Year: 2016
Location: Bengaluru (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series E
Total Funding till date: $661M
Employee Count: 1,306 as on Aug 31, 2025
Investors: Amazon, Multiples Alternate Asset Management and 60 Others
Latest Funding Round: Series E, Jul 10, 2026, $*****
Highlight: Editors' Pick

2. Udemy

Provider of a marketplace offering online courses. It offers courses in various disciplines such as business, IT and software, photography, marketing, music, finance, and more. The courses can be taken at any pace and the course content can be created by instructors according to their choice. It also offers corporate online learning platform, that provides training solutions to corporates. Its mobile app is available for android and iOS devices.

Key facts about Udemy

Founded Year: 2010
Location: San Francisco (United States)
Stage: Public
Total Funding till date: $274M
Employee Count: 9,135 as on Sep 30, 2026
Investors: Founders Circle Capital, Harmony Venture Partners and 68 Others
Latest Funding Round: Series F, Nov 18, 2020, $*****
Highlight: Public

3. Reddit

Community based discussion platform. It is a social news and discussion website where users can share and discuss content on various topics and interests. The platform allows users to create and participate in communities of like-minded individuals, fostering discussions, debates, and sharing of knowledge.

Key facts about Reddit

Founded Year: 2005
Location: San Francisco (United States)
Annual Revenue: $1B+ as on Dec 31, 2025
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $1.62B
Employee Count: 4,594 as on Jul 31, 2026
Investors: Flying Cow Ventures, Fidelity Investments and 39 Others
Latest Funding Round: Series F, May 24, 2023, $*****
Highlight: Acquired

4. SpaceX

Provider of advanced aerospace and space transportation services. It delivers advanced launch services using reusable rocket systems designed to transport crew and cargo for missions to orbit, the Moon, Mars, and deep space exploration. It also develops and operates large-scale satellite networks that provide high-speed, low-latency internet connectivity across the globe, including remote and underserved regions. It supports human spaceflight programs aimed at expanding long-duration space exploration and increasing access to space for both commercial and governmental missions.

Key facts about SpaceX

Founded Year: 2002
Location: Hawthorne (United States)
Annual Revenue: $1B+ as on Dec 31, 2025
Stage: Public
Total Funding till date: $11.9B
Employee Count: 20,833 as on Sep 30, 2026
Investors: TrueBridge, equitywestsecurities.com and 276 Others
Latest Funding Round: Series J, Mar 17, 2026, $*****
Highlight: Public

5. Udaan

Provider of an eB2B platform for small businesses to source products and manage supply chain operations. The platform enables retailers to access a wide range of products from brands and suppliers while facilitating efficient logistics and distribution. It supports business growth by providing tools for inventory management, order tracking, and financial services to address working capital requirements. The system optimizes supply chain processes through technology-driven solutions that connect manufacturers, distributors, and retailers.

Key facts about Udaan

Founded Year: 2016
Location: Bengaluru (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series H
Total Funding till date: $5.6B
Employee Count: 1,590 as on May 31, 2026
Investors: Samena Capital, Nomura and 68 Others
Latest Funding Round: Series H, Sep 07, 2026, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Catamaran has invested in 49 companies over the last 16 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment, while as of Aug 2026, it has made 2 investments in this year. Its most recent first time investment was in Matel and most recent follow-on round was in Innoviti.

Here are Catamaran's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	2	0	2
2025	1	0	1
2024	0	1	1
2023	4	0	4
2022	2	0	2
2021	1	0	1
2020	0	3	3
2019	0	1	1
2018	1	1	2
2017	0	4	4

View all investments by Catamaran

Catamaran has made 10 investments in Series A stage with an average round size of $7.91M, 6 investments in Series B stage with an average round size of $10.9M and 5 investments in Seed stage with an average round size of $6.75M.

Here are Catamaran's investments by stage:

Stage of entry	No. of Investments
Series A	10
Series B	6
Seed	5
PE	2
Series D	2
Others	2

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

View all investments by Catamaran

Catamaran has a diverse portfolio, with companies operating in the Consumer, Auto, Enterprise Applications, FinTech and Auto Tech. Notably, it has invested in 31 Enterprise (B2B) companies, 20 Tech companies, 19 Consumer (B2C) companies and at least 6 companies focusing on Marketplace.

Here are Catamaran's investments by sector:

Sector	No. of Investments
Consumer	7
Auto	4
Enterprise Applications	4
FinTech	4
Auto Tech	3
Others	39

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

View all investments by Catamaran

Catamaran has made most investments in India (24), followed by United Kingdom where it has made 1 investment.

Here are Catamaran's investments by geography:

Country	No. of Investments
India	24
United Kingdom	1
United States	1

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

View all investments by Catamaran

Catamaran has made 2 investments in 2026 so far - Matel and Akshayakalpa.

Here are the most recent investments by Catamaran:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Aug 03, 2026	Matel	India	Series B	7879	UC Impower [+3]
Feb 07, 2026	Akshayakalpa	India	Series D	5284	ABC Impact [+7]
Apr 23, 2025	SEDEMAC	India	Series B	7318	-
Mar 29, 2024	Innoviti	India	Series E	7699	Bessemer Venture Partners ... [+14]
Sep 25, 2023	Aequs	India	PE	9100	Amansa Capital [+7]

See more recent investments made by Catamaran

Catamaran has 3 unicorns in its portfolio - ACKO, VerSe and Udaan. The most recent unicorn in their portfolio is ACKO. It became a unicorn in 2021, 4 years after Catamaran first invested in it.

Here is a list of unicorns in Catamaran's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
85	ACKO	Digital insurance platform offering car, bike, health, life, and travel insurance	2016	Consumer [+4]	Bengaluru	Series E	artt{hd
63	VerSe	Developer of a technology platform for consuming short video content	2007	Consumer [+1]	Bengaluru	Series J	lmwvtim
77	Udaan	Provider of an eB2B platform for small businesses to source products and manage supply chain operations	2016	Retail [+1]	Bengaluru	Series H	rqtnvnu

View more details about unicorns in Catamaran's portfolio

12 of Catamaran's portfolio companies have become public. NSE got listed on the Bombay Stock Exchange (BSE), in Sep 2026 at marketcap of $46.1B and SpaceX got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $996B.

Here are Catamaran's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
NSE	Sep 24, 2026	-	-	5881
SpaceX	Jun 12, 2026	-	-	6957
SEDEMAC	Mar 11, 2026	Apr 23, 2025	Series B	7313
Aequs	Dec 10, 2025	Sep 25, 2023	PE	3160
Udemy	Oct 29, 2021	-	-	5233

View more details about public companies in Catamaran's portfolio

12 companies from Catamaran's portfolio have been acquired. The most recent acquisition was Aon in Aug 2025 by LevelBlue for $*****.

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

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Aon	Aug 01, 2025	-	-	8721
Loco	Sep 26, 2024	Mar 10, 2022	Series A	5298
The New Craftsmen	Nov 28, 2022	-	-	6259
Deeksha	Oct 13, 2022	Nov 16, 2010	Seed	8624
Anviti Insurance Brokers	Sep 02, 2021	-	-	2483

View all acquired companies in Catamaran's portfolio

Catamaran has a team of 11 members including 3 Partners and 2 Principals located in India and United States. Catamaran's team sits on the board of 1 company.

Here is a list of top team members in Catamaran:

Name	Designation	Location	Board Memberships	Contact Details
Deepak Padaki	Partner	Bengaluru	-	1 Phone number
MD Ranganath	Partner	Bengaluru	-	2 Emails
N R Narayana Murthy	Partner	Bengaluru	-	2 Emails
Sheetal Unadkat Bhat	Principal	Bengaluru	Prione	2 Emails
Jennifer Obrien	Principal	Boston	-	1 Email

View team details of Catamaran

Over the past 16 years, 648 investors have co-invested in Catamaran's portfolio companies. This includes funds and angels.

Invested before Catamaran: Sequoia Capital, A91 Partners and 258 others have invested in rounds before Catamaran. There are 3 companies where Sequoia Capital has invested before Catamaran and 2 companies where A91 Partners has invested before Catamaran.
Top Co-investors of Catamaran: 102 investors entered a company along with Catamaran. These include investors like Accel (3 companies).
Invested after Catamaran: A total of 286 investors have invested in Catamaran's portfolio after their investments. Top Investors include Transamerica Ventures (3 companies) and Trifecta Capital (3 companies).