About Bluehill Capital
Bluehill Capital is a venture capital firm founded in 2017. It is primarily based out of Chennai, India. As of Dec 2025, Bluehill Capital is an active investor, having invested in 5 companies, with 1 new investment 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 High Tech and Transportation and Logistics Tech. Most recently it participated in the $***** Series A round of EtherealX A lot of funds co-invest with Bluehill Capital, with names like Ymr Prasoona sharing a substantial percentage of its portfolio. Bluehill Capital has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Bluehill Capital's List of All Investments
Bluehill Capital has a portfolio of 5 companies. Their most notable investments include RapteeHV and EtherealX.Their portfolio spans across India and United States. They have invested in Enterprise Applications, High Tech, Transportation and Logistics Tech and 5 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by Bluehill Capital:1. RapteeHV
Platform offering electric motorcycles. It develops vehicles with features that includes lithium ion batteries, speed charging, anti theft system, and more. The solution is compatible with car charging stations, addressing the range anxiety issue commonly associated with electric vehicles.
Key facts about RapteeHV
- Founded Year: 2019
- Location: Chennai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $15.9M
- Employee Count: 86 as on Jan 31, 2025
- Investors: Bluehill VC, Singhvi Heritage and 57 Others
- Latest Funding Round: Seed, Mar 14, 2026, $*****
2. EtherealX
Developer of reusable medium-lift launch vehicles and related propulsion systems. The company focuses on vertical landing launch vehicle technology and engine development. It designs liquid rocket engines and propulsion systems for space transportation. The company's engines utilize RP1/LOX propellant and a closed gas generator feed cycle.
Key facts about EtherealX
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $28.3M
- Employee Count: 26 as on Jul 31, 2025
- Investors: Prosus, Accel and 24 Others
- Latest Funding Round: Seed, Mar 25, 2026, $*****
- Highlight: Editors' Pick
3. Clootrack
Platform offering customer experience analytics software. It provides an AI based engine for enterprises and high stake decision makers that automates the processes including customer satisfaction data analysis and presentation. It helps in the real time understanding of qualitative customer priorities. It obtains insights from customer conversations, feedback, and reviews. It works on a subscription plan.
Key facts about Clootrack
- Founded Year: 2017
- Location: Claymont (United States)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $7.01M
- Employee Count: 90 as on Feb 28, 2025
- Investors: Pratithi Investments, Indian Angel Network and 56 Others
- Latest Funding Round: Series A, Jul 03, 2024, $*****
- Highlight: Editors' Pick
4. PLUGZmart
EV charger manufacturer and charging-solution provider. It provides users with a manufacturing company that develops and provides cutting-edge EV charging solutions for various applications, including home, commercial, and public charging stations. The company also offers a Software as a Service (SAAS) platform for managing electric charging infrastructure.
Key facts about PLUGZmart
5. Braingroom
Online micro-class discovery and booking platform. Users can discover classes, events in a city in various categories such as fun & recreation, informative and motivational, health & fitness, kids & teens, education and skill development, and home maintenance. Users can list themselves along with the price on the platform.
Key facts about Braingroom
- Founded Year: 2016
- Location: Chennai (India)
- Annual Revenue: SGD 0 - 1M as on Mar 31, 2020
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $273K
- Employee Count: 14 as on May 31, 2026
- Investors: Bluehill VC, Indian Angel Network and 17 Others
- Latest Funding Round: Seed, Apr 19, 2022, $*****
Bluehill Capital's Year-on-Year Investment Trends
Bluehill Capital has invested in 5 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in EtherealX.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
Bluehill Capital's Investments by Stage
Bluehill Capital has made 4 investments in Seed stage with an average round size of $929K and 1 investment in Series A stage with an average round size of $21M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 1 |
Note: We have considered here, only first round of investments
Bluehill Capital's Investments by Sector
Bluehill Capital has a diverse portfolio, with companies operating in the Auto Tech, Energy Tech, Enterprise Applications, Environment Tech and High Tech. Notably, it has invested in 5 Tech companies, 4 Enterprise (B2B) companies, 3 Tech hardware companies and at least 2 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Auto Tech | 2 |
Energy Tech | 2 |
Enterprise Applications | 2 |
Environment Tech | 2 |
High Tech | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Bluehill Capital's Investments by Geography
Bluehill Capital has made most investments in India (5), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 5 |
United States | 1 |
Note: We have considered here, only first round of investments
Bluehill Capital's recent investments
Bluehill Capital has not made any investment in 2026 so far.Here are the most recent investments by Bluehill Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 21, 2025 | India | Series A | 3089 | [+6] | |
Mar 22, 2024 | India | Seed | 1231 | [+7] | |
Apr 21, 2023 | India | Seed | 4737 | [+22] | |
Apr 19, 2022 | India | Seed | 5516 | [+10] | |
Dec 19, 2018 | United States | Seed | 4500 | [+36] |
Team profile of Bluehill Capital
Bluehill Capital has a team of 2 members including 2 Partners. Bluehill Capital's team does not sit on the board of any company as of now.Co-investors of Bluehill Capital
Over the past 8 years, 160 investors have co-invested in Bluehill Capital's portfolio companies. This includes funds and angels.
- Invested before Bluehill Capital: Bluehill VC, Pointel Solutions and 50 others have invested in rounds before Bluehill Capital. There are 3 companies where Bluehill VC has invested before Bluehill Capital and 1 company where Pointel Solutions has invested before Bluehill Capital.
- Top Co-investors of Bluehill Capital: 64 investors entered a company along with Bluehill Capital. These include investors like Ymr Prasoona (2 companies).
- Invested after Bluehill Capital: A total of 44 investors have invested in Bluehill Capital's portfolio after their investments. Top Investors include Bluehill VC (1 company), Artha99 (1 company) and Krishna Kishore Thatavarthy (1 company).
Recent News related to Bluehill Capital
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Bengaluru Spacetech “The Guild” Raises $20.5M to Build World’s First Fully Reusable Medium-Lift RocketIndian Startup Times•Jan 28, 2026•EtherealX, TDK Ventures, Accel, Bigcapital and 5 others
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EtherealX Secures $20.5M to Advance Reusable Rocket DevelopmentStartupNews•Jan 15, 2026•TDK Ventures, Better Society Capital, EtherealX, Accel and 7 others
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Ethereal Exploration Guild Raises Up To $5M in Series A FundingFinSMEs•Jan 15, 2026•TDK Ventures, EtherealX, Bluehill Capital, YourNest
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Biotech startup Helex raises $3.5M to advance gene therapies for kidney diseasesYourStory•Oct 30, 2025•Helex, Bluehill Capital, SOSV, pi Ventures and 2 others
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EtherealX raises $5 Mn in seed round led by YourNestEntrackr•Aug 06, 2024•EtherealX, YourNest, Bluehill Capital, Campus Fund and 7 others
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AutoNxt Secures Pre-Series A Funding to Finance Electric Tractor LaunchMercom India•Apr 11, 2024•AutoNxt Automation, Saama, KKR, Keiretsu Forum and 2 others
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AutoNxt Automation Secures $3 Million Pre-Series A Funding Led by SaamaStartup Story•Apr 09, 2024•AutoNxt Automation, Saama, KKR, Bluehill Capital and 4 others
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E2W Motorcycle Startup Raptee Raises $3 MillionElectronicsB2B•Sep 27, 2023•RapteeHV, Bluehill Capital
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E-Motorcycle Startup Raptee Raises $3 Million in Pre Series A RoundMercom India•Sep 26, 2023•RapteeHV, Bluehill Capital
