About Compact Structure Fund
Compact Structure Fund is a venture capital firm located in Mumbai, India. As of Feb 2025, Compact Structure Fund has invested in 6 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 Retail and Consumer. Most recently it participated in the $***** Series A round of Limelight Overall, Compact Structure Fund portfolio has seen 1 unicorn, 1 IPO and 1 acquisition, namely Zepto, Pace Digitek and Kineco. A lot of funds co-invest with Compact Structure Fund, with names like Naresh Saraaf sharing a substantial percentage of its portfolio.Compact Structure Fund's List of Top Investments
Compact Structure Fund has a portfolio of 6 companies, one of which is a Unicorn. Their most notable investments are in Limelight and Kineco.Their portfolio spans across and India. They have invested in Enterprise Applications, Retail, Consumer and 7 other sectors, across stages such as Series A, Series G and 1 more. Here is the list of top investments by Compact Structure Fund:1. Zepto
Online retailer of groceries, fresh produce, household, and personal care. It provides a platform to purchase items across various categories. These categories include fruits and vegetables, dairy, cleaning supplies, and personal hygiene products. The platform also offers options for baby food, snacks, and beverages.
Key facts about Zepto
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: ₹4,500Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $2.3B
- Employee Count: 5,917 as on Aug 31, 2025
- Investors: Breyer Capital, Motilal Oswal Asset Management Company and 144 Others
- Latest Funding Round: Series H, Oct 16, 2025, $*****
- Highlight: Editors' Pick
2. Limelight
Online retailer of lab-grown diamond rings, earrings, pendants, and more. It provides a variety of styles, including solitaire, daily wear, and engagement rings. The company also offers earrings, pendants, bracelets, and necklaces. Customers can filter jewellery by style and price.
Key facts about Limelight
- Founded Year: 2019
- Location: Mumbai (India)
- Annual Revenue: ₹127Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $49M
- Employee Count: 284 as on Aug 31, 2025
- Investors: Capri Loans, Compact Structure Fund and 97 Others
- Latest Funding Round: Series B, Feb 06, 2026, $*****
- Highlight: Editors' Pick
3. Pace Digitek
Provider of power management and optic fiber laying solutions. The company delivers energy management solutions. It offers services including optic fiber laying. The business specializes in telecom power and solar solutions.
Key facts about Pace Digitek
- Founded Year: 2007
- Location: Bengaluru (India)
- Annual Revenue: ₹2,530Cr as on Mar 31, 2024
- Stage: Public
- Total Funding till date: $47.4M
- Employee Count: 1,248 as on Aug 31, 2025
- Investors: Phronesis Capital, Mi Lifestyle and 160 Others
- Latest Funding Round: Series A, Jan 17, 2025, $*****
- Highlight: Public
4. GoKhana
Provider of digital cafeteria management and related food services solutions. The company offers services such as contactless ordering, real-time tracking, and streamlined billing processes. It provides cafeteria managed services covering menu planning, food delivery, and digital cafeteria experiences. The company also organises special occasions, events, celebrations, and pop-up counters.
Key facts about GoKhana
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: ₹84.8Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $10.5M
- Employee Count: 348 as on Aug 31, 2025
- Investors: Compact Structure Fund, Chhattisgarh Investments and 120 Others
- Latest Funding Round: Series A, Nov 20, 2024, $*****
- Highlight: Editors' Pick
5. Kineco
Manufacturer of composite products for railway, defense, aerospace, and industrial sectors. It advanced composites manufacturer, delivering precision-engineered fiber-reinforced plastic structures and assemblies across four segments- aerospace, defense, railways, and industrial. It provides composite coach interiors, toilet modules, and seating systems for the railway industry. It also offers composite structures for defense applications. Additionally, the company manufactures composite components and assemblies for air and space vehicles. The company provides pressure vessels and allied products for corrosive industrial environments.
Key facts about Kineco
- Founded Year: 1995
- Location: Bardez (India)
- Annual Revenue: ₹248Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $11M
- Employee Count: 449 as on Aug 31, 2025
- Investors: Lucky Investment Managers, Compact Structure Fund and 81 Others
- Latest Funding Round: Unattributed, Jun 06, 2024, $*****
- Highlight: Acquired
Compact Structure Fund's Year-on-Year Investment Trends
In 2025, it made 1 investment. Its most recent first time investment was in Limelight.Compact Structure Fund's Investments by Stage
Compact Structure Fund has made 3 investments in Series A stage with an average round size of $19.1M, 1 investment in Series G stage with an average round size of $350M and 1 investment in Unattributed stage with an average round size of $10.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 3 |
Series G | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Compact Structure Fund's Investments by Sector
Compact Structure Fund has a diverse portfolio, with companies operating in the Consumer, Food and Agriculture Tech, Chemicals and Materials Tech, Energy and Enterprise Applications. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies, 2 Consumer (B2C) companies and at least 1 company focusing on Saas.Sector | No. of Investments |
|---|---|
Consumer | 2 |
Food and Agriculture Tech | 2 |
Chemicals and Materials Tech | 1 |
Energy | 1 |
Enterprise Applications | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Compact Structure Fund's Investments by Geography
Compact Structure Fund has made most investments in India (5).Compact Structure Fund's recent investments
Compact Structure Fund has not made any investment in 2026 so far.Here are the most recent investments by Compact Structure Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 03, 2025 | India | Series A | 9001 | [+29] | |
Nov 20, 2024 | India | Series A | 6699 | [+56] | |
Nov 07, 2024 | India | Series G | 1473 | ||
Aug 01, 2024 | India | Series A | 7466 | [+139] | |
Jun 06, 2024 | India | Unattributed | 6333 | [+78] |
Unicorns in Compact Structure Fund's Portfolio
Compact Structure Fund has 1 unicorn in its portfolio - Zepto. The most recent unicorn in their portfolio is Zepto which became a unicorn in 2023, 1 years before Compact Structure Fund first invested in it.Here is a list of unicorns in Compact Structure Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Online retailer of groceries, fresh produce, household, and personal care | 2021 | Bengaluru | Series H | kvupswf |
IPOs and Publicly Listed companies in Compact Structure Fund's Portfolio
1 of Compact Structure Fund's portfolio company became public - Pace Digitek. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2025 at marketcap of $533MHere are Compact Structure Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 06, 2025 | Aug 01, 2024 | Series A | 5418 |
Acquired companies in Compact Structure Fund's Portfolio
1 company from Compact Structure Fund's portfolio has been acquired. The most recent acquisition was Kineco.Here are Compact Structure Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2024 | Jun 06, 2024 | Unattributed | 1287 |
Co-investors of Compact Structure Fund
Over the past 2 years, 567 investors have co-invested in Compact Structure Fund's portfolio companies. This includes funds and angels.
- Invested before Compact Structure Fund: Y Combinator, Global Founders Capital and 113 others have invested in rounds before Compact Structure Fund. There is 1 company where Y Combinator has invested before Compact Structure Fund and 1 company where Global Founders Capital has invested before Compact Structure Fund.
- Top Co-investors of Compact Structure Fund: 378 investors entered a company along with Compact Structure Fund. These include investors like Naresh Saraaf (2 companies).
- Invested after Compact Structure Fund: A total of 74 investors have invested in Compact Structure Fund's portfolio after their investments. Top Investors include Elcid Investments (1 company), MapmyIndia (1 company) and CalPERS (1 company).
