About GrowthCap Ventures
GrowthCap Ventures is a venture capital firm founded in 2022. It is primarily based out of Mumbai, India. As of Nov 2025, GrowthCap Ventures is an active investor, having invested in 6 companies, with 3 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 Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Seed round of Navanc A lot of funds co-invest with GrowthCap Ventures, with names like Bright Moon Ventures sharing a substantial percentage of its portfolio.GrowthCap Ventures' List of Top Investments
GrowthCap Ventures has a portfolio of 6 companies. Their most notable investments are in Advance Mobility and Reput.Their portfolio spans across and India. They have invested in Enterprise Applications, FinTech, Consumer and 8 other sectors, across stages such as Seed stage. Here is the list of top investments by GrowthCap Ventures:
1. Mylapay
Provider of payment processing and risk management solutions. It offers a suite of products encompassing secure authentication, payment switching for online and offline transactions, and a transaction management system for post-authorization processes. These solutions include clearing and settlement, reconciliation, profitability analytics, and chargeback dispute management. The platform features seamless payment processing, a secure cloud environment, simplified API integration, and real-time transaction costing. A key focus is on minimizing risk, particularly in cross-border payments, and maximizing revenue through features like dynamic currency conversion. The system provides end-to-end processing within a single platform, offering transparency through an intuitive dashboard.
Key facts about Mylapay
- Founded Year: 2019
- Location: Chennai (India)
- Annual Revenue: ₹5.87Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.74M
- Employee Count: 85 as on Aug 31, 2025
- Investors: LetsVenture, Saison Capital and 33 Others
- Latest Funding Round: Seed, Sep 19, 2025, $*****
- Highlight: Editors' Pick
2. Spense
Provider of fintech infrastructure and APIs for rapid application development. This company offers a platform enabling the quick creation of financial applications. Services include KYC onboarding, digital banking capabilities, deposit options, card and payment processing, UPI integration, escrow services, mutual fund access, P2P investment tools, and digital gold solutions. The platform is designed for ease of use and requires no coding, facilitating faster time to market for new fintech products. Regulatory compliance support is also provided.
Key facts about Spense
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: ₹2.71Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.2M
- Employee Count: 19 as on Aug 31, 2025
- Investors: QED Innovation Labs, GrowthCap Ventures and 24 Others
- Latest Funding Round: Seed, May 28, 2025, $*****
3. Navanc
Provider of AI-powered property creditworthiness scoring and assessment platform. The platform offers tools for property assessment, valuation, and risk analysis. It facilitates property assessment reports, streamlining workflows. The platform integrates data for property assessment needs, offering solutions for property evaluation.
Key facts about Navanc
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: ₹2.4Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $3.12M
- Employee Count: 22 as on Mar 31, 2025
- Investors: Firstport Capital, QED Innovation Labs and 38 Others
- Latest Funding Round: Seed, Apr 01, 2026, $*****
- Highlight: Editors' Pick
Platform offering advanced mobility solutions for transportation and infrastructure systems. It is a technology company focused on developing sustainable solutions that address various mobility-related challenges across the entire value chain.
Key facts about Advance Mobility
- Founded Year: 2023
- Location: Mumbai (India)
- Annual Revenue: ₹65.9Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5M
- Investors: NVS Consult, Samarthya Investment Advisors and 36 Others
- Latest Funding Round: Seed, Apr 15, 2024, $*****
- Highlight: Editors' Pick
5. TrusTerra
Provider of an AI-powered platform for buying and selling used electric vehicles. It is designed to enhance transparency and trust in used electric vehicle market by providing a comprehensive resale solution, including a TruEV Score for evaluating vehicle condition.
Key facts about TrusTerra
- Founded Year: 2024
- Location: Gurugram (India)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.06M
- Investors: India Accelerator, GrowthCap Ventures and 13 Others
- Latest Funding Round: Seed, Dec 06, 2024, $*****
GrowthCap Ventures' Year-on-Year Investment Trends
In 2025, it made 4 investments. Its most recent first time investment was in Navanc.GrowthCap Ventures' Investments by Stage
GrowthCap Ventures has made 6 investments in Seed stage with an average round size of $1.43M.GrowthCap Ventures' Investments by Sector
GrowthCap Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, FinTech, Auto Tech and Consumer. Notably, it has invested in 6 Software companies, 6 Tech companies, 5 Enterprise (B2B) companies and at least 4 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
Vertical SaaS | 4 |
FinTech | 3 |
Auto Tech | 2 |
Consumer | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
GrowthCap Ventures' Investments by Geography
GrowthCap Ventures has made most investments in India (6).GrowthCap Ventures' recent investments
GrowthCap Ventures has not made any investment in 2026 so far.Here are the most recent investments by GrowthCap Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 17, 2025 | India | Seed | 2975 | [+9] | |
Sep 19, 2025 | India | Seed | 4580 | [+8] | |
May 28, 2025 | India | Seed | 8233 | [+21] | |
Jan 13, 2025 | India | Seed | 1582 | [+11] | |
Dec 06, 2024 | India | Seed | 1616 | [+13] |
Co-investors of GrowthCap Ventures
Over the past 2 years, 158 investors have co-invested in GrowthCap Ventures's portfolio companies. This includes funds and angels.
- Invested before GrowthCap Ventures: QED Innovation Labs, 77 Capital and 73 others have invested in rounds before GrowthCap Ventures. There are 2 companies where QED Innovation Labs has invested before GrowthCap Ventures and 1 company where 77 Capital has invested before GrowthCap Ventures.
- Top Co-investors of GrowthCap Ventures: 82 investors entered a company along with GrowthCap Ventures. These include investors like Bright Moon Ventures (1 company).
- Invested after GrowthCap Ventures: Equentis Wealth Advisory Services (1 company) is the only investor which has invested in GrowthCap Ventures's portfolio after their investments.
Recent News related to GrowthCap Ventures
•
•
Mylapay Raises $1 Million to Power Next-Gen Payment InfrastructureCXOtoday•Jan 05, 2026•Mylapay, CDM Capital, Equinix, GrowthCap Ventures and 1 other
•
GrowthCap Ventures Leads $1.85M Pre-seed Round for SpenseIncubees•Jun 09, 2025•GrowthCap Ventures, Spense
•
•
•
RePut.ai closes $1 Mn in pre-seed round led by GrowthCap VenturesEntrackr•Jan 13, 2025•Reput, GrowthCap Ventures
•
•
•
GrowthCap Ventures Invests In Advance MobilityStartupNews•Apr 15, 2024•GrowthCap Ventures, Advance Mobility, Advancemobility
•
Karnataka Leads in Startup Investments, Outperforms Other StatesStartup Story•Feb 16, 2024•GrowthCap Ventures, PhonePe, Udaan, Artha Group
