About Finvolve
Finvolve is a venture capital firm founded in 2022. It is primarily based out of Gurugram, India. As of Sep 2026, Finvolve is an active investor, having invested in 52 companies, with 15 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 High Tech to Retail and Enterprise Applications. Most recently it participated in the $***** Seed round of AllSecureX Overall, Finvolve portfolio has seen 2 unicorns, 1 IPO and 2 acquisitions including key companies like InCred, Droom and Lawyered. A lot of funds co-invest with Finvolve, with names like India Accelerator sharing a substantial percentage of its portfolio. Finvolve has team of 7 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Finvolve's List of Top Investments
Finvolve has a portfolio of 52 companies, including 2 unicorns. Their most notable investments are in Zulu Defence and TrusTerra.Their portfolio spans across India, United States and Sweden. They have invested in High Tech, Retail, Enterprise Applications and 25 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Finvolve:1. InCred
Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its suite of offerings. It provides loans tailored to meet financial needs within the lending industry. The company also offers resources related to regulatory compliance and consumer education.
Key facts about InCred
- Founded Year: 2016
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $320M
- Employee Count: 2,161 as on May 31, 2025
- Investors: Nippon, Asas Capital and 130 Others
- Latest Funding Round: Conventional Debt, Jul 04, 2025, $*****
- Highlight: Editors' Pick
2. Recur Club
Provider of non-dilutive debt financing for startups and growing businesses. This entity facilitates access to capital through revenue-based financing, venture debt, and various structured debt instruments. Financial data analysis determines eligibility for funding facilities, allowing companies to secure capital without relinquishing equity ownership. The process involves connecting financial records to an automated assessment system that matches applicants with lending partners. Repayment structures are designed to align with business revenue performance, providing flexibility for operational needs such as inventory management, hiring, and working capital requirements.
Key facts about Recur Club
- Founded Year: 2021
- Location: Delhi (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $15.3M
- Employee Count: 99 as on Apr 30, 2026
- Investors: InCred, Aditya Birla Capital and 25 Others
- Latest Funding Round: Series A, Jun 08, 2026, $*****
- Highlight: Editors' Pick
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3. STAGE
Provider of Indian movies, web series and originals. It offers a variety of content in different languages such as Haryanvi, Rajasthani, Bhojpuri, and Gujarati. The platform provides access to a wide selection of movies and shows across genres like drama, romance, thriller, and comedy.
Key facts about STAGE
- Founded Year: 2019
- Location: Delhi (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $23.7M
- Employee Count: 109 as on Aug 31, 2025
- Investors: GrowthStory, NB Ventures and 203 Others
- Latest Funding Round: Series B, Dec 13, 2024, $*****
- Highlight: Editors' Pick
4. Droom
Online retailer of used and new automobiles, plus related services. It provides a platform for individuals to buy, sell, exchange, finance, insure, inspect, and certify vehicles. The platform offers a selection of automobiles across multiple categories. It facilitates vehicle inspection and certification for condition, pricing, and history. The company provides loans, warranty, and vehicle delivery services.
Key facts about Droom
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $344M
- Employee Count: 387 as on Aug 31, 2026
- Investors: IAM Group, Beenos and 67 Others
- Latest Funding Round: Series G, Mar 26, 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: $5.83M
- 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
Finvolve's Year-on-Year Investment Trends
Finvolve has invested in 52 companies over the last 3 years, with an average of 11 new investments annually in the last 3 years. In 2025, it made 12 investments, while as of Sep 2026, it has made 14 investments in this year. Its most recent first time investment was in AllSecureX and most recent follow-on round was in Lawyered.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 13 | 1 | 14 |
2025 | 11 | 1 | 12 |
2024 | 8 | 1 | 9 |
2023 | 5 | 0 | 5 |
Finvolve's Investments by Stage
Finvolve has made 32 investments in Seed stage with an average round size of $1.83M, 3 investments in Series A stage with an average round size of $6.55M, 1 investment in Post IPO stage with an average round size of $1M and 1 investment in Series G stage with an average round size of $3M.Stage of entry | No. of Investments |
|---|---|
Seed | 32 |
Series A | 3 |
Post IPO | 1 |
Series G | 1 |
Note: We have considered here, only first round of investments
Finvolve's Investments by Sector
Finvolve has a diverse portfolio, with companies operating in the High Tech, Consumer, Enterprise Applications, Aerospace, Maritime and Defense Tech and Auto Tech. Notably, it has invested in 46 Tech companies, 38 Enterprise (B2B) companies, 22 Consumer (B2C) companies and at least 22 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 14 |
Consumer | 10 |
Enterprise Applications | 10 |
Aerospace, Maritime and Defense Tech | 9 |
Auto Tech | 8 |
Others | 57 |
Note: We have considered here, only first round of investments
Finvolve's Investments by Geography
Finvolve has made most investments in India (35), followed by Sweden where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 35 |
Sweden | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Finvolve's recent investments
Finvolve has made 14 investments in 2026 so far. AllSecureX and Kepler Aerospace are the latest among them.Here are the most recent investments by Finvolve:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 10, 2026 | India | Seed | 5577 | ||
Sep 01, 2026 | India | Seed | 6690 | [+1] | |
Aug 13, 2026 | India | Seed | 5445 | ||
Aug 12, 2026 | India | Seed | 2947 | ||
Aug 04, 2026 | India | Seed | 1480 |
Unicorns in Finvolve's Portfolio
Finvolve has 2 unicorns in its portfolio - InCred and Droom. The most recent unicorn in their portfolio is InCred. It became a unicorn in 2023, 2 years before Finvolve first invested in it.Here is a list of unicorns in Finvolve's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
82 | Provider of financial services specializing in personal, education, and business loans | 2016 | Mumbai | Series D | m{{mrcp | ||
75 | Online retailer of used and new automobiles, plus related services | 2014 | Gurugram | Series G | jxteufb |
IPOs and Publicly Listed companies in Finvolve's Portfolio
1 of Finvolve's portfolio company became public - Clean Motion. It got listed on the Nordic and Baltic regions (NASDAQ OMX), in May 2016.Here are Finvolve's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 26, 2016 | Jun 11, 2024 | Post IPO | 2186 |
Acquired companies in Finvolve's Portfolio
2 companies from Finvolve's portfolio have been acquired. The most recent acquisition was PL Capital in Nov 2022 by Amisha Vora for $*****.Here are Finvolve's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 16, 2022 | - | - | 9375 | |
Aug 31, 2018 | Oct 03, 2025 | Seed | 1498 |
Team profile of Finvolve
Finvolve has a team of 7 members including 2 Partners and 1 Principal located in India. Finvolve's team does not sit on the board of any company as of now.Here is a list of all team members in Finvolve:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Gandhinagar | - | ||
Partner | Gurugram | - | ||
Principal | Mumbai | - |
Co-investors of Finvolve
Over the past 3 years, 623 investors have co-invested in Finvolve's portfolio companies. This includes funds and angels.
- Invested before Finvolve: India Accelerator, Invstt and 399 others have invested in rounds before Finvolve. There are 6 companies where India Accelerator has invested before Finvolve and 2 companies where Invstt has invested before Finvolve.
- Top Co-investors of Finvolve: 154 investors entered a company along with Finvolve. These include investors like India Accelerator (25 companies).
- Invested after Finvolve: A total of 68 investors have invested in Finvolve's portfolio after their investments. Top Investors include Enrission India Capital (1 company), Peak XV Partners (1 company) and Steadview (1 company).
Recent News related to Finvolve
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QubeHealth-Pay Secures Series A Funding at Rs 416 Cr ValuationEntrackr•Jun 11, 2026•Finvolve, Maithan Alloys, QubeHealth, Unicorn India Ventures and 1 other
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Vikra Ocean Tech Secures $1 Million Seed FundingEntrackr•Apr 29, 2026•Finvolve, Vikra Ocean Tech, India Accelerator
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Zerodha-backed Rainmatter, Turbostart invest $2.5 million in LawyeredIndian Startup News•Apr 21, 2026•Zerodha, Lawyered, Rainmatter, Turbostart and 1 other
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IG Defence Raises $5 Mn To Scale Up Indigenous Drone TechInc42•Mar 17, 2026•IG Defence, India Accelerator, Finvolve
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Constems-AI Raises $2 Mn To Scale Vision AI SaaS PlatformInc42•Mar 11, 2026•IIML-EIC, Cognify, Finvolve, Inflection Point Ventures and 4 others
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Satlabs Space Systems Raises $1 Mn from Finvolve and IAEntrackr•Feb 09, 2026•Finvolve, Satlabs Space Systems,
