When was MGA Ventures founded?

MGA Ventures was founded in 2021.

Where is MGA Ventures' headquarters located?

MGA Ventures' headquarters is located in Mumbai (India).

How many companies has MGA Ventures invested in?

MGA Ventures has invested in 50 companies, including Swiggy & InCred.

Which companies has MGA Ventures invested in lately?

Bull AI & KoachPRO are the latest investments by MGA Ventures.

What sectors does MGA Ventures focus on for investments?

Top sectors in MGA Ventures' portfolio are Enterprise Applications (14 investments) and High Tech (5 investments).

What stages of companies does MGA Ventures typically invest in?

MGA Ventures primarily invests in Seed and Series A stages.

How many exits has MGA Ventures been involved in?

MGA Ventures' portfolio has seen 3 IPOs and 2 acquisitions.

How many unicorns are there in MGA Ventures' portfolio?

There is 1 unicorn in MGA Ventures' portfolio.

MGA Ventures - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Swiggy

Online platform that enables users to order food, groceries, and dining‑out options. It coordinates pickup and delivery services for a wide range of restaurants and retail partners.

Key facts about Swiggy

Founded Year: 2013
Location: Bengaluru (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
Stage: Public
Total Funding till date: $3.62B
Employee Count: 4,488 as on Mar 31, 2025
Investors: Harmony Partners, Harmony Venture Partners and 90 Others
Latest Funding Round: Post IPO, Dec 12, 2025, $*****
Highlight: Public

Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its suite of offerings. It provides loans tailored to meet financial needs within the lending industry. The company also offers resources related to regulatory compliance and consumer education.

Key facts about InCred

Founded Year: 2016
Location: Mumbai (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
Valuation: $*****
Stage: Series D
Total Funding till date: $320M
Employee Count: 2,161 as on May 31, 2025
Investors: Nippon, Asas Capital and 130 Others
Latest Funding Round: Conventional Debt, Jul 04, 2025, $*****
Highlight: Editors' Pick

3. Niyo

Platform offering zero-forex markup international debit and credit cards for travel and cross-border transactions. It is a fintech platform offering zero-forex markup international debit and credit cards for travel and everyday expenses.

Key facts about Niyo

Founded Year: 2015
Location: Bengaluru (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
Valuation: $*****
Stage: Series C
Total Funding till date: $179M
Employee Count: 427 as on Aug 31, 2025
Investors: Multiples Alternate Asset Management, Prime Venture Partners and 11 Others
Latest Funding Round: Series C, Oct 20, 2023, $*****
Highlight: Editors' Pick

4. CleanMax

Developer of solar energy projects. The comapny specializes in providing comprehensive renewable energy solutions primarily for commercial and industrial clients. The main services offered include on-site rooftop solar power solutions, off-site solar power, wind & wind-solar hybrid farms, energy storage solutions, renewable energy certificates & carbon projects, turnkey project development, and customized sustainability solutions. It majorly serves to Data Centres, Textiles, Automotive, Chemicals, Pharma, FMCG industries.

Key facts about CleanMax

Founded Year: 2011
Location: Mumbai (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
Stage: Public
Total Funding till date: $265M
Employee Count: 594 as on Mar 31, 2026
Investors: Brookfield Asset Management, MGA Ventures and 31 Others
Latest Funding Round: Series F, Jun 06, 2024, $*****
Highlight: Public

5. Blue Tokai Coffee Roasters

Chains providing freshly roasted coffee beans and specialty coffee beverages. The company offers a variety of single origin coffees, blends, and coffee concentrates through its retail outlets and online platform. It focuses on sourcing high-quality beans and providing brewing equipment and accessories to support coffee preparation.

Key facts about Blue Tokai Coffee Roasters

Founded Year: 2013
Location: Gurugram (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series C
Total Funding till date: $113M
Employee Count: 2,872 as on Aug 31, 2025
Investors: HDFC Mutual Fund, Verlinvest and 75 Others
Latest Funding Round: Series C, Apr 29, 2026, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

MGA Ventures has invested in 50 companies over the last 5 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 8 investments, while as of May 2026, it has made 1 investment in this year. Its most recent first time investment was in Bull AI and most recent follow-on round was in KoachPRO.

Here are MGA Ventures' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	3	5	8
2024	3	5	8
2023	3	1	4
2022	5	0	5
2021	2	0	2

View all investments by MGA Ventures

MGA Ventures has made 10 investments in Seed stage with an average round size of $1.32M, 6 investments in Series A stage with an average round size of $9.7M and 1 investment in Series B stage with an average round size of $7.21M.

Here are MGA Ventures' investments by stage:

Stage of entry	No. of Investments
Seed	10
Series A	6
Series B	1

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

View all investments by MGA Ventures

MGA Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Consumer Goods and Real Estate and Construction Tech. Notably, it has invested in 35 Tech companies, 25 Consumer (B2C) companies, 24 Enterprise (B2B) companies and at least 19 companies focusing on Software.

Here are MGA Ventures' investments by sector:

Sector	No. of Investments
Enterprise Applications	6
Consumer	5
FinTech	4
Consumer Goods	3
Real Estate and Construction Tech	3
Others	19

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

View all investments by MGA Ventures

MGA Ventures has made most investments in India (17).

View all investments by MGA Ventures

MGA Ventures has made 1 investments in 2026 so far - Bull AI.

Here are the most recent investments by MGA Ventures:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
May 06, 2026	Bull AI	India	Seed	9692	B2V Ventures [+3]
Dec 12, 2025	KoachPRO	India	Seed	5712	M Pallonji [+4]
Sep 10, 2025	Presolv360	India	Series A	2727	Elevation Capital
Aug 12, 2025	Trackk	India	Seed	9576	GSF [+3]
Apr 29, 2025	WES	India	Seed	2890	Shastra [+11]

See more recent investments made by MGA Ventures

MGA Ventures has 1 unicorn in its portfolio - InCred. The most recent unicorn in their portfolio is InCred which became a unicorn in 2023, 2 years before MGA Ventures first invested in it.

Here is a list of unicorns in MGA Ventures' portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
82	InCred	Provider of financial services specializing in personal, education, and business loans	2016	FinTech [+1]	Mumbai	Series D	hyriset

View more details about unicorns in MGA Ventures' portfolio

3 of MGA Ventures' portfolio companies have become public. CleanMax got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Mar 2026 at marketcap of $1.35B and Niva Bupa got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $1.59B.

Here are MGA Ventures' portfolio companies that went public:

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Company	IPO Date	First Invested on	First Round of Investment	Round Size
CleanMax	Mar 02, 2026	-	-	1827
Niva Bupa	Nov 14, 2024	-	-	3303
Swiggy	Nov 13, 2024	-	-	1134

View more details about public companies in MGA Ventures' portfolio

2 companies from MGA Ventures' portfolio have been acquired. The most recent acquisition was Verloop.io in Jul 2026 by Nurix for $*****.

Here are MGA Ventures' portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Verloop.io	Jul 09, 2026	-	-	1168
Infinity Fincorp Solutions	Jul 10, 2025	-	-	9625

View all acquired companies in MGA Ventures' portfolio

MGA Ventures has a team of 5 members including 2 Partners located in India. MGA Ventures' team sits on the board of 2 companies.

View team details of MGA Ventures

Over the past 5 years, 702 investors have co-invested in MGA Ventures's portfolio companies. This includes funds and angels.

Invested before MGA Ventures: Y Combinator, Gopal Kumar Agrawal and 329 others have invested in rounds before MGA Ventures. There are 2 companies where Y Combinator has invested before MGA Ventures and 2 companies where Gopal Kumar Agrawal has invested before MGA Ventures.
Top Co-investors of MGA Ventures: 230 investors entered a company along with MGA Ventures. These include investors like B2V Ventures (3 companies).
Invested after MGA Ventures: A total of 141 investors have invested in MGA Ventures's portfolio after their investments. Top Investors include 360 One (2 companies) and Orbimed (2 companies).