About growX ventures
growX ventures is a venture capital firm founded in 2008. It is primarily based out of Delhi, India. As of Mar 2026, growX ventures is an active investor, having invested in 49 companies, with 2 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 High Tech and FinTech. Most recently it participated in the $***** Seed round of Armory Overall, growX ventures portfolio has seen 9 acquisitions including key companies like Fynd, Locus and Vue.ai. A lot of funds co-invest with growX ventures, with names like GrowX Ventures sharing a substantial percentage of its portfolio. growX ventures has team of 13 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Deals in last 12 months
growX ventures' List of Top Investments
growX ventures has a portfolio of 49 companies. Their most notable investments are in ULOOK and Locus.Their portfolio spans across India, United States, Canada and 4 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 24 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by growX ventures:1. Fynd
Platform powering online and in-store retail operations using AI-driven tools. It enables brands to build and manage e‑commerce sites, mobile apps, and physical store experiences from a single interface. The platform supports catalog management, personalized marketing, order fulfillment, logistics, analytics, and immersive features like AR try-ons.
Key facts about Fynd
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $16M
- Employee Count: 2,422 as on Apr 30, 2025
- Investors: Kalysta Capital, Tian Tian Ventures and 92 Others
- Latest Funding Round: Series C, Mar 29, 2018, $*****
- Highlight: Acquired
2. Locus
Provider of an AI-powered platform for optimizing logistics and delivery. The platform offers solutions for fulfillment automation, dispatch planning, and delivery orchestration. It also provides features such as track and trace, analytics, and insights. The platform supports various industries, including retail, fast-moving consumer goods, and e-commerce.
Key facts about Locus
- Founded Year: 2015
- Location: Milpitas (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $82.5M
- Employee Count: 353 as on Jul 31, 2026
- Investors: Qualcomm Ventures, GIC and 33 Others
- Latest Funding Round: Series C, May 27, 2021, $*****
- Highlight: Acquired
3. Stashfin
Digital financial platform offering instant credit, investments, bill payments, and credit-building tools online. It also enables everyday financial management including bill payments, rewards, insurance, and money transfers. The platform focuses on fast, paperless onboarding, quick credit approvals, and real-time disbursals, while also offering tools to help users monitor and improve their credit profile.
Key facts about Stashfin
- Founded Year: 2016
- Location: Gurugram (India)
- Annual Revenue: $50M - $100M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $115M
- Employee Count: 175 as on Feb 28, 2025
- Investors: Innoven Capital, BlackSoil and 41 Others
- Latest Funding Round: Venture Debt, 2025, $*****
- Highlight: Editors' Pick
4. Multipl
Provider of investment platform offering options for short and long-term. The platform allows users to invest in mutual funds based on financial goals. It offers tools for planned spending and wealth management. The platform also provides access to brand discounts when users redeem their goals.
Key facts about Multipl
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5.77M
- Employee Count: 34 as on Aug 31, 2025
- Investors: Merak Ventures, SMK Ventures and 55 Others
- Latest Funding Round: Seed, Dec 11, 2025, $*****
- Highlight: Editors' Pick
Provider of platform for employee recognition, rewards, incentives, and wellbeing. The platform offers tools for real-time recognition, social engagement, and data-driven insights to enhance workplace culture. It facilitates personalized rewards, global options, and seamless redemption experiences. The platform also delivers solutions for sales contests, loyalty programs, sentiment analysis, and employee resource groups.
Key facts about AdvantageClub.ai
- Founded Year: 2016
- Location: San Francisco (United States)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $11M
- Employee Count: 315 as on Jul 31, 2026
- Investors: Flucas Ventures, Merak Ventures and 69 Others
- Latest Funding Round: Series A, Dec 02, 2024, $*****
- Highlight: Editors' Pick
growX ventures' Year-on-Year Investment Trends
growX ventures has invested in 49 companies over the last 10 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Mar 2026, it has made 3 investments in this year. Its most recent first time investment was in Bellatrix Aerospace and most recent follow-on round was in Armory.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 2 | 2 | 4 |
2024 | 2 | 0 | 2 |
2023 | 0 | 0 | 0 |
2022 | 3 | 2 | 5 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 2 | 2 | 4 |
2018 | 1 | 0 | 1 |
2017 | 2 | 1 | 3 |
growX ventures' Investments by Stage
growX ventures has made 12 investments in Seed stage with an average round size of $2.17M, 4 investments in Series A stage with an average round size of $10.5M, 1 investment in Series B stage with an average round size of $13.4M and 1 investment in Series C stage with an average round size of $9.13M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 4 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
growX ventures' Investments by Sector
growX ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech, FinTech and HealthTech. Notably, it has invested in 45 Tech companies, 36 Enterprise (B2B) companies, 31 Software companies and at least 19 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
High Tech | 5 |
Aerospace, Maritime and Defense Tech | 3 |
FinTech | 3 |
HealthTech | 3 |
Others | 20 |
Note: We have considered here, only first round of investments
growX ventures' Investments by Geography
growX ventures has made most investments in India (16), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 16 |
United States | 3 |
Colombia | 1 |
Note: We have considered here, only first round of investments
growX ventures' recent investments
growX ventures has made 3 investments in 2026 so far. Armory and Bellatrix Aerospace are the latest among them.Here are the most recent investments by growX ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 31, 2026 | India | Seed | 4977 | [+3] | |
Mar 22, 2026 | India | Series A | 3593 | [+8] | |
Jan 23, 2026 | India | Series B | 1850 | [+17] | |
Aug 20, 2025 | India | Series A | 7265 | [+21] | |
Jul 25, 2025 | India | Seed | 7170 | [+1] |
Acquired companies in growX ventures' Portfolio
9 companies from growX ventures' portfolio have been acquired. The most recent acquisition was Locus in Oct 2025 by Ingka for $*****.Here are growX ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 07, 2025 | May 09, 2016 | Series A | 4998 | |
Mar 04, 2025 | - | - | 2320 | |
Feb 12, 2024 | Dec 21, 2017 | Seed | 4637 | |
Aug 05, 2021 | May 06, 2017 | Seed | 5968 | |
Sep 18, 2019 | - | - | 4606 |
Team profile of growX ventures
growX ventures has a team of 13 members including 3 Partners, 2 Venture Partners and 2 Principals located in India and United Arab Emirates. growX ventures' team sits on the board of 5 companies.Here is a list of top team members in growX ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Delhi | |||
Partner | Delhi | Claro Energy and Varuna | ||
Partner | Delhi | - | ||
Venture Partner | Dubai | |||
Venture Partner | - | - | - | |
Principal | Bengaluru |
Co-investors of growX ventures
Over the past 10 years, 498 investors have co-invested in growX ventures's portfolio companies. This includes funds and angels.
- Invested before growX ventures: GrowX Ventures, Groundupp Ventures and 228 others have invested in rounds before growX ventures. There are 3 companies where GrowX Ventures has invested before growX ventures and 2 companies where Groundupp Ventures has invested before growX ventures.
- Top Co-investors of growX ventures: 131 investors entered a company along with growX ventures. These include investors like GrowX Ventures (3 companies).
- Invested after growX ventures: A total of 137 investors have invested in growX ventures's portfolio after their investments. Top Investors include Tiger Global Management (2 companies), Kunal Naresh Shah (2 companies) and Alpha Wave Global (1 company).
Recent News related to growX ventures
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Bellatrix Aerospace raises $20M in pre-Series B funding round led by Cactus PartnersYourStory•Mar 28, 2026•Cactus Partners, Monarcholdings, growX ventures, IndusBridge Ventures and 9 others
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Bengaluru Startup Raises ₹19 Cr for Intelligent RF Systems in Space, DefenceAnalytics India Magazine•Nov 06, 2025•ULOOK, growX ventures, Info Edge Ventures
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Indian biotech startup PeelON secures $1m seed fundingTech in Asia•Aug 20, 2025•Peelon, growX ventures, COREangels, Clean Energy Venture Group and 3 others
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Pixxel backer growX Ventures makes first close of second VC fundVCCircle•Jun 18, 2025•growX ventures
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Quicklend Secures Funding To Revolutionize Secured Lending, Launches ‘Loan Against Mutual Funds’Businessnewsthisweek•Feb 05, 2025•Quicklend, Inuka Capital, Eximius Ventures, Upsparks Capital and 2 others
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Quicklend raises Rs 6.75 Cr in pre-seed roundEntrackr•Feb 05, 2025•Quicklend, Inuka Capital, Eximius Ventures, Upsparks Capital and 2 others
