About Beenext
Beenext is a venture capital firm founded in 2015. It is primarily based out of Singapore, Singapore. As of Apr 2026, Beenext is an active investor, having invested in 266 companies, with 7 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Series B round of Netbank Overall, Beenext portfolio has seen 11 unicorns, 1 IPO and 25 acquisitions including key companies like Shiprocket, BharatPe and MPL. A lot of funds co-invest with Beenext, with names like Kunal Naresh Shah sharing a substantial percentage of its portfolio. Beenext has team of 33 people including 12 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Unicorns
Deals in last 12 months
Beenext's List of Top Investments
Beenext has a portfolio of 266 companies, including 11 unicorns. Their most notable investments are in Farmacare and CoverSelf.Their portfolio spans across India, Indonesia, United States and 14 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 34 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Beenext:
1. Shiprocket
Provider of e-commerce shipping, fulfillment, marketing, and financial services. The business offers tools for domestic and cross-border shipping, including integrations with courier partners. Fulfillment services encompass warehousing, packaging, and shipping. Marketing solutions include checkout optimisation and customer engagement tools. Financial services provide capital and credit score assessment.
Key facts about Shiprocket
- Founded Year: 2012
- Location: Gurugram (India)
- Annual Revenue: ₹1,670Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $322M
- Employee Count: 915 as on Aug 31, 2025
- Investors: Temasek, DST Global and 62 Others
- Latest Funding Round: Series E, Dec 23, 2024, $*****
- Highlight: Editors' Pick
2. BharatPe
Provider of payment solutions, lending, and investment opportunities for businesses. It offers tools for payment acceptance, including QR codes and card payment devices. Additionally, it facilitates business loans and provides an investment platform. The company aims to support businesses with financial products.
Key facts about BharatPe
- Founded Year: 2018
- Location: Gurugram (India)
- Annual Revenue: ₹1,730Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $584M
- Employee Count: 884 as on Aug 31, 2025
- Investors: ABG Capital, Dragoneer Investment Group and 57 Others
- Latest Funding Round: Conventional Debt, Mar 07, 2026, $*****
- Highlight: Editors' Pick
3. MPL
Operator of an online platform providing real money skill-based gaming. The platform offers various card, puzzle, sports, and casual games. Users can participate in contests and tournaments. Winnings are credited to user accounts and can be withdrawn.
Key facts about MPL
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: $167M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $401M
- Employee Count: 435 as on May 31, 2025
- Investors: Founders Circle Capital, Pegasus Tech Ventures and 72 Others
- Latest Funding Round: Series E, Feb 09, 2025, $*****
- Highlight: Editors' Pick
4. smallcase
Online platform offering smart investment portfolios. It enables users to build diversified investment portfolios by investing in baskets of stocks or exchange-traded funds managed by experienced investment experts. It focuses on investment in securities, advising users to read documents. It offers resources, including disclosures, terms, conditions, and privacy policies. It allows investors to build and track diversified portfolios across stocks, ETFs, mutual funds, fixed deposits, and more.
Key facts about smallcase
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹114Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $100M
- Employee Count: 253 as on Jun 30, 2025
- Investors: State Street Global Advisors, Amazon and 57 Others
- Latest Funding Round: Series D, Mar 27, 2025, $*****
- Highlight: Editors' Pick
5. Coins.ph
Coins.ph is a digital wallet for Bitcoin assets. Allows users to transfer cash, bill payments, and phone recharge. It enables merchants to accept payments for multiple goods and services. It also facilitates buying and selling of Bitcoins.
Key facts about Coins.ph
- Founded Year: 2014
- Location: Pasig (Philippines)
- Stage: Acquired
- Total Funding till date: $40M
- Employee Count: 386 as on Apr 30, 2026
- Investors: Naspers, Ribbit Capital and 15 Others
- Latest Funding Round: Series C, May 19, 2022, $*****
- Highlight: Acquired
Beenext's Year-on-Year Investment Trends
Beenext has invested in 266 companies over the last 11 years, with an average of 19 new investments annually in the last 10 years. In 2025, it made 19 investments, while as of Apr 2026, it has made 9 investments in this year. Its most recent first time investment was in Datakrew and most recent follow-on round was in Netbank.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 5 | 9 |
2025 | 5 | 14 | 19 |
2024 | 12 | 12 | 24 |
2023 | 11 | 9 | 20 |
2022 | 25 | 30 | 55 |
2021 | 35 | 23 | 58 |
2020 | 23 | 16 | 39 |
2019 | 20 | 24 | 44 |
2018 | 25 | 18 | 43 |
2017 | 20 | 13 | 33 |
Beenext's Investments by Stage
Beenext has made 141 investments in Seed stage with an average round size of $2.76M, 57 investments in Series A stage with an average round size of $6.6M, 16 investments in Series B stage with an average round size of $21.8M, 4 investments in Series C stage with an average round size of $38.3M and 1 investment in Angel stage with an average round size of $337K.Stage of entry | No. of Investments |
|---|---|
Seed | 141 |
Series A | 57 |
Series B | 16 |
Series C | 4 |
Angel | 1 |
Note: We have considered here, only first round of investments
Beenext's Investments by Sector
Beenext has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Retail and Vertical SaaS. Notably, it has invested in 249 Tech companies, 172 Enterprise (B2B) companies, 142 Software companies and at least 124 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 89 |
Consumer | 69 |
FinTech | 67 |
Retail | 40 |
Vertical SaaS | 34 |
Others | 241 |
Note: We have considered here, only first round of investments
Beenext's Investments by Geography
Beenext has made most investments in India (115), followed by Indonesia where it has made 26 investments.Country | No. of Investments |
|---|---|
India | 115 |
Indonesia | 26 |
United States | 24 |
Singapore | 23 |
Japan | 16 |
Others | 17 |
Note: We have considered here, only first round of investments
Beenext's recent investments
Beenext has made 9 investments in 2026 so far. Netbank and ProsParity are the latest among them.Here are the most recent investments by Beenext:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 22, 2026 | Philippines | Series B | 9685 | [+4] | |
Apr 17, 2026 | India | Seed | 3831 | [+3] | |
Mar 18, 2026 | Singapore | Seed | 1714 | ||
Feb 26, 2026 | United States | Seed | 3854 | ||
Feb 05, 2026 | Indonesia | Series B | 6538 | [+1] |
Unicorns in Beenext's Portfolio
Beenext has 11 unicorns in its portfolio - Raise, Shiprocket, Open and others. The most recent unicorn in their portfolio is Raise. It became a unicorn in 2025, 3 years after Beenext first invested in it.Here is a list of unicorns in Beenext's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
80 | Developer of financial service products and infrastructure for Indian residents | 2021 | Mumbai | Series B | wqcxfig | ||
85 | Provider of e-commerce shipping, fulfillment, marketing, and financial services | 2012 | Gurugram | Series E | fhvgvdk | ||
63 | Provider of a platform for business payments and connected banking | 2017 | Bengaluru | Series D | nkawlce | ||
73 | Online platform providing property listings and related services to individuals | 2014 | Bengaluru | Series E | w{xeoyu | ||
79 | Operator of internet restaurants offering various cuisines through multiple brands | 2010 | Mumbai | Series G | czdoppg |
IPOs and Publicly Listed companies in Beenext's Portfolio
1 of Beenext's portfolio company became public - Tracxn. It got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Oct 2022 at marketcap of $98.3MHere are Beenext's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 20, 2022 | Dec 11, 2015 | Series A | 4540 |
Acquired companies in Beenext's Portfolio
25 companies from Beenext's portfolio have been acquired. The most recent acquisition was Locus in Oct 2025 by Ingka for $*****.Here are Beenext's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 07, 2025 | May 09, 2016 | Series A | 6261 | |
Aug 04, 2025 | Jun 29, 2016 | Seed | 3746 | |
Apr 15, 2025 | - | - | 4788 | |
Aug 07, 2024 | Dec 20, 2020 | Seed | 8889 | |
Jun 27, 2024 | Oct 16, 2019 | Series B | 5339 |
Team profile of Beenext
Beenext has a team of 33 members including 12 Partners and 9 Principals located in Singapore, India and 3 more locations. Beenext's team sits on the board of 3 companies.Here is a list of top team members in Beenext:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | |||
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Partner | San Francisco | - | ||
Partner | Jakarta | - | ||
Partner | Singapore | |||
Partner | Delhi | - | ||
Partner | Singapore | - | ||
Partner | Singapore | - | - |
Co-investors of Beenext
Over the past 11 years, 2766 investors have co-invested in Beenext's portfolio companies. This includes funds and angels.
- Invested before Beenext: Blume Venture, Elevation Capital and 731 others have invested in rounds before Beenext. There are 8 companies where Blume Venture has invested before Beenext and 7 companies where Elevation Capital has invested before Beenext.
- Top Co-investors of Beenext: 1009 investors entered a company along with Beenext. These include investors like Kunal Naresh Shah (12 companies).
- Invested after Beenext: A total of 1024 investors have invested in Beenext's portfolio after their investments. Top Investors include Tiger Global Management (11 companies), Trifecta Capital (10 companies) and Innoven Capital (8 companies).
Recent News related to Beenext
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SG deeptech startup Datakrew nets $2.6m pre-series ATech in Asia•Mar 18, 2026•SEEDS Capital, Angel List, Greenwillow Capital Management, Datakrew and 3 others
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Gushwork AI raises $9 million from Susquehanna Asia VCViestories•Feb 26, 2026•Gushwork, B Capital, SIG Venture Capital, Lightspeed Venture Partners and 8 others
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Level3AI Raises $13M in Seed Funding Led by LightspeedIncubees•Feb 06, 2026•Level3 AI, Sovereign's Capital, Lightspeed Venture Partners, Goodwater Capital and 4 others
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Indonesian mobile coffee startup Jago raises $12m series BTech in Asia•Feb 04, 2026•ORZON Ventures, Jago Coffee, Intudo Ventures, Beenext and 2 others
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Indian materials science startup Whizzo raises $15m series ATech in Asia•Jan 20, 2026•Whizzo, Fundamentum, LB Investment, Lightspeed Venture Partners and 4 others
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Quadric Snares $30M Series CMassinvestor•Jan 15, 2026•Silicon Catalyst, Gentree, Volta, Quadric IO and 6 others
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Emversity raises $30 million in funding from Premji Invest, Lightspeed, Z47Moneycontrol•Jan 15, 2026•Premji Invest, Z47, Emversity, Lightspeed and 8 others
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WorkIndia Secures ₹97 Crore Funding to Enhance Blue-Collar Job PlatformStartupTalky•Dec 18, 2025•Aavishkaar Capital, WorkIndia, Beenext, CIIE and 1 other
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Indian startup Axirium Aerospace raises $3.5 millionEvertiq•Dec 12, 2025•Shastra, Axirium Aerospace, Beenext
