About Finvolve
Finvolve is a venture capital firm founded in 2022. It is primarily based out of Gurugram, India. As of Jun 2026, Finvolve is an active investor, having invested in 32 companies, with 13 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 Enterprise Applications and Retail. Most recently it participated in the $***** Seed round of Trevel Overall, Finvolve portfolio has seen 1 unicorn, 1 IPO and 1 acquisition, namely Droom, Lawyered and Clean Motion. 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 Sectors
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Finvolve's List of Top Investments
Finvolve has a portfolio of 32 companies, one of which is a Unicorn. Their most notable investments are in Zulu Defence and TrusTerra.Their portfolio spans across India, Sweden and United States. They have invested in High Tech, Enterprise Applications, Retail and 21 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Finvolve:
1. 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: 156 as on May 31, 2025
- Investors: IAM Group, Toyota Tsusho and 67 Others
- Latest Funding Round: Series G, Mar 26, 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: Info Edge Ventures, Aditya Birla Capital and 25 Others
- Latest Funding Round: Series A, Jun 08, 2026, $*****
- Highlight: Editors' Pick
Developer of software tools for managing online commerce business operations. These tools facilitate digital advertising, reward programs, and recovery processes for retail brands. The technology suite assists with link management and single sign-on authentication to support digital storefront functionality.
Key facts about Nitro Commerce
- Founded Year: 2023
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $6.91M
- Employee Count: 72 as on Feb 01, 2026
- Investors: Dholakia Ventures, Catalyst Trusteeship and 34 Others
- Latest Funding Round: Series A, Aug 28, 2025, $*****
- Highlight: Editors' Pick
Provider of on demand manufacturing services for industrial machines. It offers an on demand platform for manufacturing sector including custom CNC milling services, five and three axis machining, and more for various industries including aerospace, healthcare and electronics. It offer solutions such as prototyping, material selection, parts generation, design assistance, production, quality control, and allows users to upload CAD files for quotes generation. It also offer material guidance, design optimization, and full sub-assembly services.
Key facts about Ethereal Machines
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $52M
- Employee Count: 114 as on Aug 31, 2025
- Investors: Steadview, Yali Capital and 56 Others
- Latest Funding Round: Series B, Apr 16, 2026, $*****
- Highlight: Editors' Pick
5. Sunfox
Provider of Ultra portable AI ECG devices enabling precise heart diagnosis via smartphones. The devices facilitate cardiac monitoring and early detection of heart conditions. The solutions enable seamless cardiac diagnostics in medical settings and support remote monitoring and early detection for patients at home. It offers devices with varying capabilities, including 12 lead options, AI Capabilities, Cloud Platform and smartphone compatibility.
Key facts about Sunfox
- Founded Year: 2016
- Location: Dehradun (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.29M
- Employee Count: 103 as on Aug 31, 2025
- Investors: CapFort Ventures, Venture Catalysts and 58 Others
- Latest Funding Round: Seed, Aug 28, 2024, $*****
- Highlight: Editors' Pick
Finvolve's Year-on-Year Investment Trends
Finvolve has invested in 32 companies over the last 3 years, with an average of 10 new investments annually in the last 3 years. In 2025, it made 10 investments, while as of Jun 2026, it has made 9 investments in this year. Its most recent first time investment was in Trevel and most recent follow-on round was in Indrajaal.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 9 | 0 | 9 |
2025 | 9 | 1 | 10 |
2024 | 8 | 1 | 9 |
2023 | 5 | 1 | 6 |
Finvolve's Investments by Stage
Finvolve has made 26 investments in Seed stage with an average round size of $1.7M, 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 | 26 |
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 Consumer, High Tech, Enterprise Applications, Auto Tech and Retail. Notably, it has invested in 28 Tech companies, 22 Enterprise (B2B) companies, 15 Consumer (B2C) companies and at least 12 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 9 |
High Tech | 9 |
Enterprise Applications | 8 |
Auto Tech | 7 |
Retail | 7 |
Others | 47 |
Note: We have considered here, only first round of investments
Finvolve's Investments by Geography
Finvolve has made most investments in India (29), followed by Sweden where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 29 |
Sweden | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Finvolve's recent investments
Finvolve has made 9 investments in 2026 so far. Trevel and QubeHealth are the latest among them.Here are the most recent investments by Finvolve:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 12, 2026 | India | Seed | 7049 | [+8] | |
Jun 11, 2026 | India | Series A | 6274 | ||
Jun 09, 2026 | India | Seed | 9162 | [+1] | |
Apr 29, 2026 | India | Seed | 6802 | ||
Apr 29, 2026 | India | Seed | 8486 |
Unicorns in Finvolve's Portfolio
Finvolve has 1 unicorn in its portfolio - Droom. The most recent unicorn in their portfolio is Droom which became a unicorn in 2021, 3 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 |
|---|---|---|---|---|---|---|---|
75 | Online retailer of used and new automobiles, plus related services | 2014 | Gurugram | Series G | vjbsewa |
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 | 1015 |
Acquired companies in Finvolve's Portfolio
1 company from Finvolve's portfolio has been acquired. The most recent acquisition was Lawyered in Aug 2018 by Ashish Bhatia for $*****.Here are Finvolve's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 31, 2018 | Apr 21, 2026 | Seed | 1004 |
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, 585 investors have co-invested in Finvolve's portfolio companies. This includes funds and angels.
- Invested before Finvolve: India Accelerator, Arjun Vaidya and 375 others have invested in rounds before Finvolve. There are 6 companies where India Accelerator has invested before Finvolve and 2 companies where Arjun Vaidya has invested before Finvolve.
- Top Co-investors of Finvolve: 144 investors entered a company along with Finvolve. These include investors like India Accelerator (20 companies).
- Invested after Finvolve: A total of 64 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,
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