About Aarin Capital
Aarin Capital is a venture capital firm founded in 2011. It is primarily based out of Bengaluru, India. As of Jul 2023, Aarin Capital has invested in 40 companies. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Series F round of Pepperfry Overall, Aarin Capital portfolio has seen 1 IPO and 12 acquisitions including key companies like Pepperfry, Pocket Aces and Mad Street Den. A lot of funds co-invest with Aarin Capital, with names like 3one4 Capital sharing a substantial percentage of its portfolio. Aarin Capital has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Aarin Capital's List of Top Investments
Aarin Capital has a portfolio of 40 companies. Their most notable investments are in KleverKid and UE LifeSciences.Their portfolio spans across India, United States and Netherlands. They have invested in Enterprise Applications, Consumer, Retail and 15 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Aarin Capital:
1. BYJU'S
Provider of online and offline academic tutoring for school students. This organization delivers educational instruction for primary and secondary grade levels. It offers preparation courses for competitive entrance examinations. The curriculum includes subjects such as mathematics, physics, chemistry, and biology. Instruction is delivered through digital platforms and physical learning centers. The service model incorporates video lessons, interactive assessments, and structured learning paths to facilitate subject mastery.
Key facts about BYJU'S
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2022
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $4.6B
- Employee Count: 19,146 as on Jul 31, 2026
- Investors: ADS Ventures, Silver Lake and 130 Others
- Latest Funding Round: Conventional Debt, May 12, 2023, $*****
2. Pepperfry
Online platform offering multi-category home products. The product catalog includes furniture, decor, mattress, lighting, home textiles, furnishings, home appliances, etc. The mobile application is available for Android and iOS users. It also offers consultation services for product customization.
Key facts about Pepperfry
- Founded Year: 2011
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $325M
- Employee Count: 452 as on Jun 30, 2025
- Investors: Goldman Sachs, Goldman Sachs Investment Partners and 73 Others
- Latest Funding Round: Series G, Feb 14, 2026, $*****
- Highlight: Acquired
3. FabHotels
Chain of hotels. It provides regular training and auditing to hotel staff. It also provides one-stop destination for both independent and major chain as well as self-catering.
Key facts about FabHotels
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $71.9M
- Employee Count: 604 as on Aug 31, 2025
- Investors: Goldman Sachs, Qualcomm Ventures and 13 Others
- Latest Funding Round: Series C, May 23, 2023, $*****
4. PharmEasy
Online medical store offering pharmaceutical products and diagnostic services. The platform facilitates the procurement of prescription medications, over-the-counter health products, and medical equipment. It coordinates with registered pharmacies to fulfill orders and manages the collection of biological samples for laboratory testing. Diagnostic results are processed and delivered to individuals for health monitoring purposes.
Key facts about PharmEasy
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $688M
- Employee Count: 488 as on Apr 30, 2026
- Investors: Analah Ventures, Temasek and 94 Others
- Latest Funding Round: Conventional Debt, Sep 16, 2025, $*****
- Highlight: Editors' Pick
5. Inc42
Online platform offering startup news. It is an online platform that provides news related to startups, startup activity news, entrepreneurial statistics, technology, and updates. It also plans to develop a platform for aspiring entrepreneurs to interact and form a community. It monetizes through membership.
Key facts about Inc42
- Founded Year: 2015
- Location: Delhi (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5.79M
- Employee Count: 37 as on Apr 30, 2025
- Investors: 3one4 Capital, PitchRight Ventures and 133 Others
- Latest Funding Round: Seed, Mar 19, 2025, $*****
- Highlight: Editors' Pick
Aarin Capital's Year-on-Year Investment Trends
Aarin Capital has invested in 40 companies over the last 14 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Pepperfry and most recent follow-on round was in HomeLane.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 1 | 2 |
2022 | 0 | 2 | 2 |
2021 | 1 | 0 | 1 |
2020 | 0 | 1 | 1 |
2019 | 1 | 2 | 3 |
2018 | 1 | 4 | 5 |
2017 | 0 | 2 | 2 |
Aarin Capital's Investments by Stage
Aarin Capital has made 18 investments in Seed stage with an average round size of $1.22M, 15 investments in Series A stage with an average round size of $5.07M and 1 investment in Series F stage with an average round size of $23M.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
Series A | 15 |
Series F | 1 |
Note: We have considered here, only first round of investments
Aarin Capital's Investments by Sector
Aarin Capital has a diverse portfolio, with companies operating in the Consumer, EdTech, Enterprise Applications, Life Sciences and Retail. Notably, it has invested in 33 Tech companies, 24 Consumer (B2C) companies, 19 Enterprise (B2B) companies and at least 16 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 17 |
EdTech | 7 |
Enterprise Applications | 7 |
Life Sciences | 6 |
Retail | 5 |
Others | 28 |
Note: We have considered here, only first round of investments
Aarin Capital's Investments by Geography
Aarin Capital has made most investments in India (29), followed by United States where it has made 5 investments.Country | No. of Investments |
|---|---|
India | 29 |
United States | 5 |
Netherlands | 1 |
Note: We have considered here, only first round of investments
Aarin Capital's recent investments
Aarin Capital has not made any investment in 2026 so far.Here are the most recent investments by Aarin Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 19, 2023 | India | Series F | 6941 | [+41] | |
Feb 27, 2023 | India | Series E | 6437 | [+11] | |
Oct 17, 2022 | India | Series F | 8757 | ||
Mar 30, 2022 | India | Series A | 6634 | [+15] | |
Sep 22, 2021 | India | Seed | 2972 | [+20] |
IPOs and Publicly Listed companies in Aarin Capital's Portfolio
1 of Aarin Capital's portfolio company became public - Vyome Therapeutics. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Aug 2025.Here are Aarin Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 15, 2025 | Sep 12, 2012 | Series A | 6339 |
Acquired companies in Aarin Capital's Portfolio
12 companies from Aarin Capital's portfolio have been acquired. The most recent acquisition was Pepperfry in Sep 2025 by Tccltd for $*****.Here are Aarin Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 19, 2025 | Jul 19, 2023 | Series F | 4076 | |
Mar 04, 2025 | - | - | 4637 | |
Sep 28, 2023 | Nov 28, 2016 | Series A | 9039 | |
Mar 16, 2022 | Sep 21, 2014 | Series A | 5616 | |
Jan 05, 2022 | Oct 27, 2015 | Seed | 6012 |
Team profile of Aarin Capital
Aarin Capital has a team of 2 members including 2 Partners located in India. Aarin Capital's team sits on the board of 3 companies.Co-investors of Aarin Capital
Over the past 14 years, 925 investors have co-invested in Aarin Capital's portfolio companies. This includes funds and angels.
- Invested before Aarin Capital: Anupam Mittal, Arihant Patni . and 152 others have invested in rounds before Aarin Capital. There are 2 companies where Anupam Mittal has invested before Aarin Capital and 2 companies where Arihant Patni . has invested before Aarin Capital.
- Top Co-investors of Aarin Capital: 315 investors entered a company along with Aarin Capital. These include investors like 3one4 Capital (6 companies).
- Invested after Aarin Capital: A total of 456 investors have invested in Aarin Capital's portfolio after their investments. Top Investors include Innoven Capital (4 companies), Brand Capital (3 companies) and Stride Ventures (3 companies).
Recent News related to Aarin Capital
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JSA, Anoma Legal act on UC Inclusive Credit Series A fundraiseBar & Bench•Jan 11, 2024•UC Inclusive Credit, Insitor Partners, JSA, Aarin Capital and 1 other
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Byju’s to raise $700 million at valuation of $22 billionNew Indian Express•Apr 05, 2023•, The Chan Zuckerberg Initiative, Naspers, CPP Investments and 9 others
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PhonePe raises $100 million in additional funding at a $12 billion valuationCNBC-TV18•Feb 14, 2023•PhonePe, Ribbit Capital, Tiger Global Management, TVS Capital Funds and 15 others
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Mohandas Pai, Aarin Capital Partners Lead Pre-series a Round in 88Academics IndiaIndianWeb2•Sep 26, 2021•88academics, Aarin Capital, BYJU'S, PharmEasy and 4 others
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India home interiors player raises $50m Series EAsian Venture Capital Journal•Sep 13, 2021•IIFL Asset Management, HomeLane, Accel, Sequoia Capital and 9 others
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Goldman Sachs, Accel, RB Investments to invest more money in FabHotelsVCCircle•Jan 03, 2020•FabHotels, Goldman Sachs, Accel, RB Investments and 5 others
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Zumutor Biologics raises $4 million in fresh fundingIndiatimes•Nov 27, 2019•Zumutor, Bharat Innovation Fund, Accel, Aarin Capital and 2 others
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Pocket Aces Raises $14.5 Mn From Sequoia, DSP Group And 3one4 CapitalInc42•Jul 30, 2019•Pocket Aces, Sequoia Capital, DSP Group, 3one4 Capital and 9 others
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PharmEasy is closing in on $120m in equity roundIndiatimes•Jul 09, 2019•PharmEasy, CDPQ, LGT Group, Eight Roads Ventures and 9 others
