About EMVC
EMVC is a venture capital firm founded in 2018. It is primarily based out of New York City, United States. As of Oct 2023, EMVC has invested in 20 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Seed round of Bimaplan Overall, EMVC portfolio has seen 1 unicorn and 2 acquisitions, namely Slice, Credenc and Origa.ai. A lot of funds co-invest with EMVC, with names like Wellfound sharing a substantial percentage of its portfolio. EMVC has team of 8 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Unicorns
Portfolio Soonicorns
EMVC's List of Top Investments
EMVC has a portfolio of 20 companies, one of which is a Unicorn. Their most notable investments are in Card91 and Card91.Their portfolio spans across India and United States. They have invested in Enterprise Applications, FinTech, Retail and 9 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by EMVC:
1. Jar
Platform providing digital gold savings plans and online gold purchases. It facilitates options for daily, weekly, or monthly savings in digital gold. The platform also offers the ability to buy silver and gold jewellery. It provides resources such as calculators for salary and gold values. The platform ensures secure storage of gold in vaults and insurance coverage.
Key facts about Jar
- Founded Year: 2021
- Location: India
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $63.3M
- Employee Count: 267 as on May 31, 2026
- Investors: Sequoia Capital, Staenberg Venture Partners and 130 Others
- Latest Funding Round: Series B, Dec 14, 2024, $*****
- Highlight: Editors' Pick
2. M2P Fintech
Provider of APIs enabling banking, lending, and payment financial services. The company offers solutions for customer onboarding, core banking systems, and payment processing. It facilitates card issuance, core lending, and digital commerce. The company provides tools for regulatory compliance, fraud management, and rewards programs. It also offers value-added services, including reconciliation, KYC, and anti-money laundering solutions.
Key facts about M2P Fintech
- Founded Year: 2014
- Location: Chennai (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $188M
- Employee Count: 1,290 as on Aug 31, 2025
- Investors: Helios, Visa and 63 Others
- Latest Funding Round: Series D, Jun 30, 2025, $*****
- Highlight: Editors' Pick
3. Wealthy
Platform offering tools and resources for mutual fund distribution businesses. It provides technology, product research, learning resources, marketing assistance, and support. The platform offers tools for client onboarding, portfolio tracking, and earnings management. It also provides access to training programs and marketing content.
Key facts about Wealthy
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $36.8M
- Employee Count: 231 as on Apr 30, 2025
- Investors: Alpha Wave Global, Bertelsmann India Investments and 103 Others
- Latest Funding Round: Series B, Nov 24, 2025, $*****
- Highlight: Editors' Pick
4. Slice
Chains providing digital banking, savings accounts, and UPI credit cards. The banking entity offers a savings account with daily interest that adjusts with the central bank's repo rate, featuring no minimum balance and transparent terms. It also provides a UPI credit card for flexible payments and rewards. Additional features include automatic transaction categorization, spending insights, and secure financial management tools. The entity further offers fixed deposits and various credit products through its network of branches and digital channels.
Key facts about Slice
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2023
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $331M
- Employee Count: 3,381 as on Feb 28, 2026
- Investors: 360 One, Innoven Capital and 51 Others
- Latest Funding Round: Conventional Debt, Jul 19, 2024, $*****
- Highlight: Editors' Pick
5. Flash
Online purchase tracking platform. It allows users to collect invoices and track purchases for multi-category activities like shopping, food, and more.
Key facts about Flash
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $12.5M
- Employee Count: 34 as on Aug 31, 2025
- Investors: LetsVenture, Global Founders Capital and 24 Others
- Latest Funding Round: Seed, Sep 19, 2023, $*****
- Highlight: Editors' Pick
EMVC's Year-on-Year Investment Trends
EMVC has invested in 20 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Mysa and most recent follow-on round was in Bimaplan.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 4 | 5 |
2022 | 1 | 2 | 3 |
2021 | 4 | 5 | 9 |
2020 | 5 | 1 | 6 |
2019 | 5 | 0 | 5 |
EMVC's Investments by Stage
EMVC has made 12 investments in Seed stage with an average round size of $2.05M and 4 investments in Series A stage with an average round size of $15.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 4 |
Note: We have considered here, only first round of investments
EMVC's Investments by Sector
EMVC has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Financial Services, Vertical SaaS and Consumer. Notably, it has invested in 19 Tech companies, 13 Enterprise (B2B) companies, 13 Software companies and at least 9 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 13 |
Enterprise Applications | 9 |
Financial Services | 3 |
Vertical SaaS | 3 |
Consumer | 2 |
Others | 11 |
Note: We have considered here, only first round of investments
EMVC's Investments by Geography
EMVC has made most investments in India (14), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 14 |
United States | 2 |
Note: We have considered here, only first round of investments
EMVC's recent investments
EMVC has not made any investment in 2026 so far.Here are the most recent investments by EMVC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 23, 2023 | India | Seed | 2175 | [+10] | |
Sep 19, 2023 | India | Seed | 8611 | [+4] | |
Sep 05, 2023 | India | Seed | 2972 | [+14] | |
Mar 09, 2023 | United States | Series A | 6686 | ||
Jan 31, 2023 | India | Series A | 6965 | [+1] |
Unicorns in EMVC's Portfolio
EMVC has 1 unicorn in its portfolio - Slice. The most recent unicorn in their portfolio is Slice which became a unicorn in 2021, 1 years after EMVC first invested in it.Here is a list of unicorns in EMVC's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Chains providing digital banking, savings accounts, and UPI credit cards | 2016 | Bengaluru | Series C | frs{gnr |
Acquired companies in EMVC's Portfolio
2 companies from EMVC's portfolio have been acquired. The most recent acquisition was Origa.ai in Sep 2021 by M2P Fintech for $*****.Here are EMVC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2021 | Jul 30, 2019 | Seed | 7500 | |
Aug 19, 2021 | Oct 22, 2019 | Seed | 5345 |
_1577095498156.png?devicePixelRatio=2&height=20&width=20){kind=logo}
Team profile of EMVC
EMVC has a team of 8 members located in United States. EMVC's team does not sit on the board of any company as of now.Co-investors of EMVC
Over the past 7 years, 640 investors have co-invested in EMVC's portfolio companies. This includes funds and angels.
- Invested before EMVC: WEH Ventures, Kunal Naresh Shah and 167 others have invested in rounds before EMVC. There are 2 companies where WEH Ventures has invested before EMVC and 2 companies where Kunal Naresh Shah has invested before EMVC.
- Top Co-investors of EMVC: 182 investors entered a company along with EMVC. These include investors like Wellfound (3 companies).
- Invested after EMVC: A total of 289 investors have invested in EMVC's portfolio after their investments. Top Investors include Commerce Ventures (3 companies), Wellfound (2 companies) and Angel List (2 companies).
Recent News related to EMVC
•
Finance & Banking Platform Mysa Raises $2.8 Mn Led By Blume VenturesIndianWeb2•Feb 12, 2025•Mysa, Blume Venture, EMVC, Antler and 1 other
•
Fintech startup Mysa $2.8 Mn led by Blume VenturesEntrackr•Feb 12, 2025•Mysa, Blume Venture, Mysa, EMVC and 7 others
•
Former Flipkart executive Ranjith Boyanapalli’s Flash raises $6.7 million in Pre-Series A fundingBusiness Line•Sep 19, 2023•Flash, Blume Ventures, PeerCapital, EMVC and 5 others
•
Monnai Raises $6.5M in Series A FundingFinSMEs•Mar 10, 2023•Monnai, Tiger Global Management, Better Tomorrow Ventures, 500 Global and 2 others
•
‘Flash’, an e-commerce app focused on ‘power shoppers’ lands $5.8Mn in seedTechPortal•Dec 03, 2022•Global Founders Capital, White Venture Capital, Soma Capital, EMVC and 2 others
•
Ecommerce platform Flash raises $5.8 million in seed round from global investorsPeople Matters•Dec 01, 2022•Global Founders Capital, White Venture Capital, Soma Capital, EMVC and 1 other
•
Flipkart veteran building unified shopper identity across storesBusiness Standard•Nov 30, 2022•Flash, Global Founders Capital, White Venture Capital, Zinal Growth and 3 others
•
Ecommerce startup Flash by ex-Flipkart SVP raises $5.8M in seed fundingYourStory•Nov 30, 2022•Flash, Global Founders Capital, White Venture Capital, Zinal Growth and 3 others
•
Former Flipkart Executive’s Startup Flash Bags Funding From GFC, Binny Bansal, OthersInc42•Nov 30, 2022•Flash, Global Founders Capital, White Venture Capital, Zinal Growth and 5 others
•
E-commerce platform Flash raises $5.8 Mn in seed roundEntrackr•Nov 30, 2022•Global Founders Capital, White Venture Capital, Soma Capital, EMVC and 4 others
