About Aarii Ventures
Aarii Ventures is a venture capital firm founded in 2023. It is primarily based out of Mumbai, India. As of Feb 2026, Aarii Ventures is an active investor, having invested in 50 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from High Tech to Retail and Enterprise Applications. Most recently it participated in the $***** Series B round of 63SATS Overall, Aarii Ventures portfolio has seen 1 unicorn, 3 IPOs and 4 acquisitions including key companies like InCred, Style Baazar and HDB Financial Services. A lot of funds co-invest with Aarii Ventures, with names like Prasham Shah sharing a substantial percentage of its portfolio. Aarii Ventures has team of 5 people including 2 partners.Key Metrics
Team Members
Rounds of Entry
Series A & Series B
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Aarii Ventures' List of Top Investments
Aarii Ventures has a portfolio of 50 companies, one of which is a Unicorn. Their most notable investments include Blu-Smart and InCred.Their portfolio spans across India and Singapore. They have invested in High Tech, Retail, Enterprise Applications and 24 other sectors, across stages such as Series A, Series B stages. Here is the list of top investments by Aarii Ventures:
1. Blu-Smart
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
Key facts about Blu-Smart
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $159M
- Employee Count: 613 as on Feb 28, 2025
- Investors: SoftBank Group, BlackSoil and 279 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
2. InCred
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 129 Others
- Latest Funding Round: Conventional Debt, Jul 04, 2025, $*****
- Highlight: Editors' Pick
Online trading and investment platform.
Key facts about HDFC securities
- Founded Year: 2000
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Funding Raised
- Employee Count: 3,730 as on Feb 28, 2025
- Investors: Analah Ventures and Aarii Ventures
4. Style Baazar
Style Baazar is a fashion store that offers trendy clothing and accessories. They provide a wide selection of fashionable items for customers to shop from.
Key facts about Style Baazar
- Founded Year: 2013
- Location: Howrah (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $22.4M
- Employee Count: 3,554 as on Aug 31, 2025
- Investors: Intensive Softshare, Chandurkar Investments and 45 Others
- Latest Funding Round: Post IPO, Apr 04, 2026, $*****
- Highlight: Public
5. NSE
Operator of a stock exchange platform facilitating the trading of equity, derivatives, and debt instruments. This entity provides infrastructure for market participants to engage in the buying and selling of financial securities. It manages clearing and settlement processes to ensure the integrity of transactions across various asset classes. The platform supports the listing of companies and offers tools for market data analysis and investor education. Through its electronic systems, it enables the execution of trades and maintains regulatory oversight to promote fair and transparent market operations.
Key facts about NSE
- Founded Year: 1992
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $368M
- Employee Count: 2,159 as on Mar 31, 2026
- Investors: Cipher International, Encourage Capital and 78 Others
- Latest Funding Round: Unattributed, Jan 2025, $*****
Aarii Ventures' Year-on-Year Investment Trends
Aarii Ventures has invested in 50 companies over the last 3 years, with an average of 1 new investment annually in the last 3 years. In 2025, it made 1 investment, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in 63SATS.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
Aarii Ventures' Investments by Stage
Aarii Ventures has made 2 investments in Series A stage with an average round size of $3.32M and 2 investments in Series B stage with an average round size of $15.6M.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Series B | 2 |
Note: We have considered here, only first round of investments
Aarii Ventures' Investments by Sector
Aarii Ventures has a diverse portfolio, with companies operating in the Auto Tech, Consumer, Energy, Energy Tech and Enterprise Applications. Notably, it has invested in 36 Tech companies, 28 Consumer (B2C) companies, 28 Enterprise (B2B) companies and at least 15 companies focusing on Software.Sector | No. of Investments |
|---|---|
Auto Tech | 1 |
Consumer | 1 |
Energy | 1 |
Energy Tech | 1 |
Enterprise Applications | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
Aarii Ventures' Investments by Geography
Aarii Ventures has made most investments in India (4).Aarii Ventures' recent investments
Aarii Ventures has made 1 investments in 2026 so far - 63SATS.Here are the most recent investments by Aarii Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 02, 2026 | India | Series B | 4625 | [+3] | |
Jul 26, 2025 | India | Series B | 4427 | ||
Jun 21, 2024 | India | Series A | 3832 | [+15] | |
Nov 04, 2023 | India | Series A | 5527 | [+17] |
Unicorns in Aarii Ventures' Portfolio
Aarii 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 Aarii Ventures first invested in it.Here is a list of unicorns in Aarii Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
82 | Provider of financial services specializing in personal, education, and business loans | 2016 | Mumbai | Series D | iavqvrz |
IPOs and Publicly Listed companies in Aarii Ventures' Portfolio
3 of Aarii Ventures' portfolio companies have become public. HDB Financial Services got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Jul 2025 at marketcap of $7.15B and DIVYADHAN got listed on the National Stock Exchange (NSE) at marketcap of $10.9M.Here are Aarii Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 02, 2025 | - | - | 6304 | |
Oct 04, 2024 | - | - | 5628 | |
Sep 06, 2024 | - | - | 9465 |
Acquired companies in Aarii Ventures' Portfolio
4 companies from Aarii Ventures' portfolio have been acquired. The most recent acquisition was ClearDekho in Apr 2025 by SMV Jaipuria Group for $*****.Here are Aarii Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 23, 2025 | - | - | 3158 | |
Jul 09, 2024 | - | - | 4943 | |
Feb 17, 2023 | - | - | 7147 | |
Aug 22, 2022 | - | - | 6589 |
Team profile of Aarii Ventures
Aarii Ventures has a team of 5 members including 2 Partners located in India. Aarii Ventures' team does not sit on the board of any company as of now.Co-investors of Aarii Ventures
Over the past 3 years, 103 investors have co-invested in Aarii Ventures's portfolio companies. This includes funds and angels.
- Invested before Aarii Ventures: Ajay Goel, Anuj Golecha and 71 others have invested in rounds before Aarii Ventures. There is 1 company where Ajay Goel has invested before Aarii Ventures and 1 company where Anuj Golecha has invested before Aarii Ventures.
- Top Co-investors of Aarii Ventures: 27 investors entered a company along with Aarii Ventures. These include investors like Prasham Shah (1 company).
- Invested after Aarii Ventures: A total of 3 investors have invested in Aarii Ventures's portfolio after their investments. Top Investors include Parminder Singh (1 company), Trident Growth Partners (1 company) and HDFC Bank (1 company).
Recent News related to Aarii Ventures
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Shreetech raises $4.5 Mn from Aarii Ventures and Cello Family OfficeEntrackr•Aug 14, 2025•ShreeTech Data, Aarii Ventures
