About LionRock Capital
LionRock Capital is a family office founded in 2009. It is primarily based out of Singapore, Singapore. As of Oct 2026, LionRock Capital has invested in 28 companies. It primarily invests in Series A round in India based companies. Its investments are spread across a wide range of sectors from Enterprise Applications, Consumer. Its latest investment was a $20M Series D round in Hopscotch on May 24, 2023, which also saw participation from Amazon and IIFL Finance.
Overall, LionRock Capital portfolio has seen 4 unicorns, 2 IPOs and 8 acquisitions including key companies like Meesho, Xendit and Capillary Technologies. A lot of funds co-invest with LionRock Capital, with names like Toivo Annus sharing a substantial percentage of its portfolio.
LionRock Capital has a team of 6 people including 2 partners.
Key Metrics
LionRock Capital's List of Top Investments
LionRock Capital has a portfolio of 28 companies, including 4 unicorns. Their most notable investments are in Pipa • Bella and Hopscotch.Their portfolio spans across India, United States, Indonesia and 2 more locations. They have invested in Enterprise Applications, Consumer, Retail and 17 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by LionRock Capital:
1. Meesho
Online marketplace providing a platform for individuals and small businesses to sell products across various categories. It is an online shopping platform offering a wide range of products, including fashion, electronics, and home essentials, at affordable prices. It enables individuals to start their online stores without any investment and offers a platform for small businesses to sell their products.
Key facts about Meesho
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $1.63B
- Employee Count: 2,082 as on Mar 31, 2025
- Investors: WestBridge Capital, Fidelity Investments and 41 Others
- Latest Funding Round: Series F, Jan 27, 2025, $*****
- Highlight: Public
2. Xendit
Online payment and money transfer platform for businesses. The company serves commerce startups to large enterprises enabling businesses to accept payments, disburse payroll, run marketplaces, and more. Payments can be accepted via multiple channels including direct debit, virtual accounts, credit and debit cards, e-wallets, retail outlets, online installments, and more. Application is made available on Android and iOS platforms.
Key facts about Xendit
- Founded Year: 2015
- Location: Jakarta (Indonesia)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $554M
- Employee Count: 617 as on Aug 31, 2026
- Investors: Toba Capital, LionRock Capital and 28 Others
- Latest Funding Round: Series D, Sep 07, 2022, $*****
- Highlight: Editors' Pick
AI powered loyalty management software for enterprises. It is an omnichannel platform to optimize customer retention and engagement. The platform generates reports that provides visibility and insights into the loyalty performance. Its analytics tool allows businesses to segment customers, generate personalized coupons, run targeted campaigns, and predict customer behavior and affinities. Offering includes customer data platform, predictive analytics, and customer engagement.
Key facts about Capillary Technologies
- Founded Year: 2008
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $144M
- Employee Count: 687 as on Mar 31, 2026
- Investors: Qualcomm Ventures, LionRock Capital and 32 Others
- Latest Funding Round: Conventional Debt, Jun 01, 2023, $*****
- Highlight: Public
4. Bigbasket
Online retailer of grocery, household, beauty, and personal care products. It provides a selection of food items, cleaning supplies, and personal care products. The business offers delivery options with varied time slots. It also provides an express delivery service for immediate needs in select areas.
Key facts about Bigbasket
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $943M
- Employee Count: 22,095 as on May 31, 2025
- Investors: Helion Venture Partners, LionRock Capital and 64 Others
- Latest Funding Round: Conventional Debt, Nov 20, 2025, $*****
- Highlight: Acquired
5. ByteDance
Developer of platforms for content creation, discovery, and mobile entertainment. The company provides tools and services that enable users to connect, create, and consume digital content. It offers a suite of products focused on short-form mobile videos and other forms of digital media. The company’s platforms facilitate content sharing and engagement for a global audience.
Key facts about ByteDance
- Founded Year: 2012
- Location: Beijing (China)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $6.11B
- Employee Count: 47,593 as on Jul 31, 2026
- Investors: Goldman Sachs, All Blue Capital and 67 Others
- Latest Funding Round: Conventional Debt, Sep 05, 2026, $*****
- Highlight: Editors' Pick
LionRock Capital's Year-on-Year Investment Trends
LionRock Capital has invested in 28 companies over the last 13 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Flickstree and most recent follow-on round was in Hopscotch.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 0 | 1 | 1 |
2019 | 0 | 0 | 0 |
2018 | 2 | 2 | 4 |
2017 | 1 | 0 | 1 |
LionRock Capital's Investments by Stage
LionRock Capital has made 8 investments in Series A stage with an average round size of $4.97M, 4 investments in Seed stage with an average round size of $1.62M and 1 investment in Series C stage with an average round size of $20M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Seed | 4 |
Series C | 1 |
Note: We have considered here, only first round of investments
LionRock Capital's Investments by Sector
LionRock Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Food and Agriculture Tech and FinTech. Notably, it has invested in 28 Tech companies, 15 Consumer (B2C) companies, 15 Enterprise (B2B) companies and at least 14 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 6 |
Enterprise Applications | 5 |
Retail | 4 |
Food and Agriculture Tech | 3 |
FinTech | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
LionRock Capital's Investments by Geography
LionRock Capital has made most investments in India (9), followed by Singapore where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 9 |
Singapore | 3 |
Indonesia | 1 |
Note: We have considered here, only first round of investments
LionRock Capital's recent investments
LionRock Capital has not made any investment in 2026 so far.Here are the most recent investments by LionRock Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 24, 2023 | India | Series D | 7797 | [+4] | |
Jul 06, 2022 | India | Series A | 9162 | [+16] | |
May 19, 2021 | India | Series A | 3726 | [+29] | |
Sep 24, 2020 | India | Series D | 1876 | [+4] | |
Apr 16, 2018 | India | Series A | 9819 |
Unicorns in LionRock Capital's Portfolio
LionRock Capital has 4 unicorns in its portfolio - Xendit, Grafana, Sila Nanotechnologies and others. The most recent unicorn in their portfolio is Xendit. It became a unicorn in 2021, 5 years before LionRock Capital first invested in it.Here is a list of unicorns in LionRock Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Online payment and money transfer platform for businesses | 2015 | Jakarta | Series D | ym{ppdh | ||
71 | Developer of open and composable platform for monitoring and observability | 2014 | New York City | Series E | huzi{pp | ||
65 | Provider of nanotech-based lithium-ion batteries for diversified applications | 2011 | Alameda | Series G | vtewa{m | ||
62 | Provider of an online payment gateway platform | 2000 | Mumbai | Series D | lmvwm{k |
IPOs and Publicly Listed companies in LionRock Capital's Portfolio
2 of LionRock Capital's portfolio companies have become public. Meesho got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Dec 2025 at marketcap of $5.57B and Capillary Technologies got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $516M.Here are LionRock Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 10, 2025 | - | - | 8702 | |
Nov 21, 2025 | Feb 21, 2018 | Series C | 7768 |
Acquired companies in LionRock Capital's Portfolio
8 companies from LionRock Capital's portfolio have been acquired. The most recent acquisition was Hapara in Jan 2023 by Cordance for $*****.Here are LionRock Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 24, 2023 | - | - | 3878 | |
Nov 23, 2021 | Aug 27, 2014 | Seed | 8273 | |
Apr 12, 2021 | Jul 30, 2015 | Seed | 7186 | |
Jan 20, 2021 | Aug 08, 2013 | Series A | 8244 | |
Dec 17, 2020 | - | - | 8430 |
Team profile of LionRock Capital
LionRock Capital has a team of 6 members including 2 Partners and 1 Principal located in Singapore. LionRock Capital's team does not sit on the board of any company as of now.Here is a list of all team members in LionRock Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | theAsianparent, The Parentinc and 1 more | ||
Partner | Singapore | - | ||
Principal | Singapore | - |
Co-investors of LionRock Capital
Over the past 13 years, 345 investors have co-invested in LionRock Capital's portfolio companies. This includes funds and angels.
- Invested before LionRock Capital: American Express, Peak XV Partners and 134 others have invested in rounds before LionRock Capital. There is 1 company where American Express has invested before LionRock Capital and 1 company where Peak XV Partners has invested before LionRock Capital.
- Top Co-investors of LionRock Capital: 68 investors entered a company along with LionRock Capital. These include investors like Toivo Annus (3 companies).
- Invested after LionRock Capital: A total of 141 investors have invested in LionRock Capital's portfolio after their investments. Top Investors include Avataar Ventures (1 company) and Pantheon (1 company).
Recent News related to LionRock Capital
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Japan’s ASICS announces sale of Haglofs to LionRock CapitalFibre2Fashion•Dec 22, 2023•Asics, Haglfs, LionRock Capital
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Hopscotch Raises $20mn In Series D RoundViestories•May 25, 2023•Hopscotch, Techpro Ventures, LionRock Capital, Amazon and 2 others
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Hopscotch Raises $20 Mn Led by Amazon to Further Grow Its Marquee Kids Fashion BrandIndianWeb2•May 25, 2023•Amazon, LionRock Capital, RPG Ventures, Techpro Ventures and 1 other
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Amazon Leads USD 20 Million Round in Kids’ Fashion Brand HopscotchEnablers•May 25, 2023•Hopscotch, Amazon, Techpro Ventures, LionRock Capital and 2 others
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Amazon backs Indian kids fashion brand Hopscotch in $20M fundingTechCrunch+•May 24, 2023•Techpro Ventures, LionRock Capital, Hopscotch, Amazon and 3 others
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Hopscotch raises $20M led by AmazonYourStory•May 24, 2023•Hopscotch, LionRock Capital, IIFL Asset Management, RPG Ventures and 1 other
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Amazon leads $20 million round in Hopscotch parentMoneycontrol•May 24, 2023•HIT THE MARK, INC., Amazon, LionRock Capital, RPG Ventures and 3 others
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LionRock Capital Closes Sale of Clarks Funding to Viva Chinainvestidollar.com•Feb 03, 2023•LionRock Capital, Viva Goods, Viva China Holdings, Clarks and 1 other
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Hong Kong's LionRock exits UK shoe brand ClarksAsian Venture Capital Journal•Nov 23, 2022•LionRock Capital, clarks.eu, Viva Goods
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Venture Catalysts Infuses 5 Mn In Flickstree s Pre Series B RoundBW Businessworld•Oct 10, 2022•Flickstree, SOSV, Samsung Venture Investment, Orbit Startups and 11 others
