About Hearth Ventures
Hearth Ventures is a venture capital firm founded in 2021. It is primarily based out of Mumbai, India. As of Aug 2022, Hearth Ventures has invested in 6 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and Consumer Goods. Most recently it participated in the $***** Seed round of A Big Indian Story A lot of funds co-invest with Hearth Ventures, with names like Baaya International sharing a substantial percentage of its portfolio. Hearth Ventures has team of 6 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed & Series A
Hearth Ventures' List of Top Investments
Hearth Ventures has a portfolio of 6 companies. Their most notable investments are in Relove and A Big Indian Story.Their portfolio spans across India and United States. They have invested in Retail, Consumer, Consumer Goods and 1 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Hearth Ventures:
Provider of study abroad consulting and accommodation services for students. It offers support with education loans and other financial products tailored for students studying abroad. The company has raised $5 million in a bridge equity round and has been recognized among Forbes Select Companies with global business potential.
Key facts about Adventum Student Living
- Founded Year: 2019
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $21.8M
- Investors: Stride Ventures, Cornerstone Ventures and 34 Others
- Latest Funding Round: Series A, Nov 2025, $*****
2. Shobitam
Internet first brand offering ethnic wear for women. The product catalog includes saree, dupatta, petticoats, blouses, etc. It also includes jewelry and accessories.
Key facts about Shobitam
- Founded Year: 2019
- Location: Sammamish (United States)
- Stage: Seed
- Employee Count: 18 as on Jul 31, 2026
- Investors: Hearth Ventures and 1 Other
- Latest Funding Round: Seed, Feb 16, 2022, $*****
3. Relove
A platform offering recommerce management software for fashion businesses. It provides a peer-to-peer resale marketplace, liquidates damaged inventory, and more. The solution allows businesses to manage processes including technology integration, listing approvals, shipping, communication, customer care, traceability, and more.
Key facts about Relove
- Founded Year: 2021
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $700K
- Employee Count: 23 as on Jan 31, 2025
- Investors: peercheque, Blume Venture and 4 Others
- Latest Funding Round: Seed, Jul 29, 2022, $*****
Designer and retailer of handcrafted vegan and cruelty-free fashion accessories and apparel. The company offers a collection of bags, apparel, and jewelry, emphasizing sustainable materials and artisanal production techniques. Products are designed for both men and women, featuring a variety of styles to suit different tastes and occasions. The company's commitment to ethical and sustainable practices is central to its business model.
Key facts about A Big Indian Story
- Founded Year: 2018
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $877K
- Employee Count: 11 as on Jul 31, 2026
- Investors: Bestvantage Investments, Hearth Ventures and 10 Others
- Latest Funding Round: Seed, Aug 01, 2022, $*****
5. Kadam Haat
Internet first brand offering handcrafted decor and kitchen supplies. The product catalog includes baskets, tray, wall art, planters, mats, table tops, carpets, wallets, handbags, laundry bags, spoon, bowl, and more. It also provides gifting products.
Key facts about Kadam Haat
- Founded Year: 2009
- Location: Kolkata (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $141K
- Employee Count: 17 as on Jul 31, 2026
- Investors: Next Bharat Ventures and Hearth Ventures
- Latest Funding Round: Seed, Jul 14, 2022, $*****
Hearth Ventures' Year-on-Year Investment Trends
Its most recent first time investment was in A Big Indian Story.Hearth Ventures' Investments by Stage
Hearth Ventures has made 4 investments in Seed stage with an average round size of $428K and 1 investment in Series A stage with an average round size of $5M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 1 |
Note: We have considered here, only first round of investments
Hearth Ventures' Investments by Sector
Hearth Ventures has a diverse portfolio, with companies operating in the Consumer, Retail, Consumer Goods, Education and Sustainability Tech. Notably, it has invested in 4 Consumer (B2C) companies, 4 Tech companies, 1 Enterprise (B2B) company and at least 1 company focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 4 |
Retail | 4 |
Consumer Goods | 1 |
Education | 1 |
Sustainability Tech | 1 |
Note: We have considered here, only first round of investments
Hearth Ventures' Investments by Geography
Hearth Ventures has made most investments in India (5), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 5 |
United States | 1 |
Note: We have considered here, only first round of investments
Hearth Ventures' recent investments
Hearth Ventures has not made any investment in 2026 so far.Here are the most recent investments by Hearth Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 01, 2022 | India | Seed | 8611 | ||
Jul 29, 2022 | India | Seed | 2294 | [+4] | |
Jul 14, 2022 | India | Seed | 4148 | - | |
May 10, 2022 | India | Series A | 8971 | [+4] | |
Feb 16, 2022 | United States | Seed | 5738 | - |
Team profile of Hearth Ventures
Hearth Ventures has a team of 6 members including 2 Partners located in India. Hearth Ventures' team does not sit on the board of any company as of now.Co-investors of Hearth Ventures
Over the past 4 years, 47 investors have co-invested in Hearth Ventures's portfolio companies. This includes funds and angels.
- Invested before Hearth Ventures: Lokesh Nagappa, Jyoti Khandelwal and 7 others have invested in rounds before Hearth Ventures. There is 1 company where Lokesh Nagappa has invested before Hearth Ventures and 1 company where Jyoti Khandelwal has invested before Hearth Ventures.
- Top Co-investors of Hearth Ventures: 12 investors entered a company along with Hearth Ventures. These include investors like Baaya International (1 company).
- Invested after Hearth Ventures: A total of 26 investors have invested in Hearth Ventures's portfolio after their investments. Top Investors include Plutus Capital (1 company), Gurunath Umakant Kulkarni (1 company) and Auctus Capital (1 company).
Recent News related to Hearth Ventures
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Relove (India) raises US $ 700K in pre-seed funding to scale up circularity in fashionApparelResources•Nov 28, 2022•Relove, Blume Venture, Hearth Ventures
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Hearth Ventures invests in US-based Indian ethnic wear platformVCCircle•Feb 16, 2022•Hearth Ventures, Shobitam,
