About Ideaspring Capital
Ideaspring Capital is a venture capital firm founded in 2016. It is primarily based out of Bengaluru, India. As of May 2026, Ideaspring Capital is an active investor, having invested in 34 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 Retail. Most recently it participated in the $***** Series A round of HrdWyr Overall, Ideaspring Capital portfolio has seen 4 acquisitions, namely Bewgle and Whodat. A lot of funds co-invest with Ideaspring Capital, with names like Jigar Harish Mehta sharing a substantial percentage of its portfolio. Ideaspring Capital has team of 18 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Soonicorns
Ideaspring Capital's List of Top Investments
Ideaspring Capital has a portfolio of 34 companies. Their most notable investments are in Zapty and HrdWyr.Their portfolio spans across India, United States and Singapore. They have invested in Enterprise Applications, High Tech, Retail and 17 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Ideaspring Capital:
1. Pandorum
Developer of regenerative medicine and 3D tissues. It has developed a working 3D tissue through 3D printing and fabrication techniques. The products include bioengineered cornea which is a hydrogel formulation used for blindness, 3D hepatocyte spheroids for drug discovery and liver therapies, and exosome cell-free therapy for lung regeneration.
Key facts about Pandorum
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $52.1M
- Employee Count: 28 as on Aug 31, 2025
- Investors: Burman Family, Kotak Investment Advisors and 87 Others
- Latest Funding Round: Series B, Mar 20, 2026, $*****
- Highlight: Editors' Pick
2. GrowthPal
Data-driven M&A deal sourcing platform. It facilitates small and mid-size M&A transactions for startups and corporates. It uses artificial intelligence and machine learning to provide actionable recommendations for fundraising, strategic partnerships, acquisitions, and acquihires.
Key facts about GrowthPal
- Founded Year: 2020
- Location: New York City (United States)
- Annual Revenue: SGD 1M - 10M as on Mar 31, 2025
- Stage: Series A
- Total Funding till date: $4M
- Employee Count: 52 as on Oct 31, 2026
- Investors: Ideaspring Capital, Ferrana and 25 Others
- Latest Funding Round: Series A, Jan 14, 2026, $*****
- Highlight: Editors' Pick
3. HrdWyr
Manufacturer of intelligent edge system on chip hardware for processing. These integrated circuits combine real-time data computation with machine learning capabilities to facilitate adaptive decision-making at the device level. The hardware architecture supports parallel processing and power management to enable localized data analysis across industrial, mobility, and infrastructure applications. By performing computations closer to the data source, the technology reduces the need for centralized processing and minimizes operational complexity in connected environments.
Key facts about HrdWyr
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $13M
- Employee Count: 18 as on May 31, 2026
- Investors: Avatar Growth Capital, Singularity AMC and 2 Others
- Latest Funding Round: Series A, May 12, 2026, $*****
- Highlight: Editors' Pick
Ahammune Biosciences is developing small molecule-based therapeutics for the treatment of skin diseases. The company is developing therapeutics for immune-mediated diseases of the skin, with a current focus on the depigmenting disorder, Vitiligo. The drugs help in inducing repigmentation of depigmented patches.
Key facts about Ahammune Biosciences Private Limited
- Founded Year: 2016
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $8.02M
- Employee Count: 54 as on Apr 30, 2025
- Investors: Kotak Investment Advisors, IAN Group and 68 Others
- Latest Funding Round: Series A, Sep 25, 2024, $*****
- Highlight: Editors' Pick
5. Litemed
Manufacturer of wearable light therapy devices for pain management relief. These devices utilize red and near-infrared light wavelengths to target musculoskeletal discomfort and joint stiffness. The technology is designed for application on various body areas to support tissue recovery and local circulation. Each unit functions as a non-invasive, drug-free tool for individuals seeking to manage chronic or acute physical pain through consistent daily use. The system includes adjustable straps and adhesive components to ensure direct contact with the skin during therapy sessions.
Key facts about Litemed
- Founded Year: 2022
- Location: Hyderabad (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.63M
- Employee Count: 38 as on Mar 31, 2026
- Investors: Verlinvest, Ideaspring Capital and 20 Others
- Latest Funding Round: Seed, Jan 31, 2026, $*****
- Highlight: Editors' Pick
Ideaspring Capital's Year-on-Year Investment Trends
Ideaspring Capital has invested in 34 companies over the last 9 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 5 investments, while as of May 2026, it has made 3 investments in this year. Its most recent first time investment was in HrdWyr and most recent follow-on round was in Litemed.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 2 | 3 |
2025 | 3 | 2 | 5 |
2024 | 5 | 2 | 7 |
2023 | 4 | 1 | 5 |
2022 | 2 | 2 | 4 |
2021 | 3 | 2 | 5 |
2020 | 2 | 3 | 5 |
2019 | 3 | 1 | 4 |
2018 | 5 | 1 | 6 |
2017 | 4 | 0 | 4 |
Ideaspring Capital's Investments by Stage
Ideaspring Capital has made 29 investments in Seed stage with an average round size of $1.57M, 2 investments in Series A stage with an average round size of $7.62M and 1 investment in Unattributed stage with an average round size of $524K.Stage of entry | No. of Investments |
|---|---|
Seed | 29 |
Series A | 2 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Ideaspring Capital's Investments by Sector
Ideaspring Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, Life Sciences and Sustainability Tech. Notably, it has invested in 33 Tech companies, 30 Enterprise (B2B) companies, 22 Software companies and at least 13 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
High Tech | 13 |
Enterprise Infrastructure | 6 |
Life Sciences | 6 |
Sustainability Tech | 5 |
Others | 49 |
Note: We have considered here, only first round of investments
Ideaspring Capital's Investments by Geography
Ideaspring Capital has made most investments in India (25), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
India | 25 |
United States | 6 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Ideaspring Capital's recent investments
Ideaspring Capital has made 3 investments in 2026 so far. HrdWyr and Litemed are the latest among them.Here are the most recent investments by Ideaspring Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 12, 2026 | India | Series A | 3397 | [+2] | |
Jan 31, 2026 | India | Seed | 4941 | [+2] | |
Jan 14, 2026 | United States | Series A | 4913 | - | |
Dec 19, 2025 | India | Seed | 9790 | ||
Nov 14, 2025 | India | Seed | 8673 |
Acquired companies in Ideaspring Capital's Portfolio
4 companies from Ideaspring Capital's portfolio have been acquired. The most recent acquisition was Bewgle in Sep 2023 by Acceldata for $*****.Here are Ideaspring Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 19, 2023 | Jul 02, 2019 | Seed | 7871 | |
Aug 04, 2021 | Mar 24, 2017 | Seed | 9651 | |
Jun 15, 2020 | Jul 12, 2018 | Seed | 8415 | |
Jun 01, 2018 | May 10, 2017 | Seed | 5259 |
Team profile of Ideaspring Capital
Ideaspring Capital has a team of 18 members including 6 Partners located in India and United States. Ideaspring Capital's team sits on the board of 15 companies.Here is a list of top team members in Ideaspring Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | - | |
Partner | Bengaluru | |||
Partner | Mumbai | BabyChakra, MathCo and 6 more | ||
Partner | Mumbai | - | ||
Partner | Bengaluru | - | ||
Partner | Bengaluru | - |
Co-investors of Ideaspring Capital
Over the past 9 years, 328 investors have co-invested in Ideaspring Capital's portfolio companies. This includes funds and angels.
- Invested before Ideaspring Capital: Anirban Lahiri, Techstars and 170 others have invested in rounds before Ideaspring Capital. There are 2 companies where Anirban Lahiri has invested before Ideaspring Capital and 2 companies where Techstars has invested before Ideaspring Capital.
- Top Co-investors of Ideaspring Capital: 101 investors entered a company along with Ideaspring Capital. These include investors like Jigar Harish Mehta (2 companies).
- Invested after Ideaspring Capital: A total of 55 investors have invested in Ideaspring Capital's portfolio after their investments. Top Investors include BIRAC (1 company), pi Ventures (1 company) and Capital 2B (1 company).
Recent News related to Ideaspring Capital
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HrdWyr Raises $13 Million in Series A Funding Led by Ideaspring CapitalViestories•May 12, 2026•HrdWyr, Singularity AMC, Avatar Growth Capital, Persistent and 1 other
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Healthtech Startup CURAPOD Raises Rs 20 Cr Led by V3 VenturesViestories•Feb 10, 2026•3i Partners, V3 Ventures, Ideaspring Capital, http://curapod.com and 1 other
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GrowthPal Secures $2.6M Funding to Revolutionize M&A with AIGlobeNewswire•Jan 14, 2026•GrowthPal, Ideaspring Capital, HubSpot, Intercom and 3 others
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LatentForce Secures $1.7M Seed Funding to Advance AI-Driven Software ModernizationLokmat•Dec 19, 2025•Yali Capital, Ideaspring Capital, LatentForce.ai
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India’s pharma funding falls by over 90% YoY in April 2025
Express Pharma•Jun 02, 2025•SRV Hospitals, HexaHealth, Mosaic Wellness, 3one4 Capital and 4 others
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Tvaster Genkalp secures $1.25 M funding to advance liquid biopsy cancer diagnosticsBioSpectrum India•Apr 01, 2025•Tvaster Genkalp, Invigo, Ideaspring Capital
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Pune-based Ahammune Biosciences raises $5 million in a Series A roundIndian Startup News•Sep 25, 2024•Ahammune Biosciences Private Limited, pi Ventures, Capital 2B, Colossa Ventures and 5 others
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FlyNava Receives Commitment of $2.5 Million from Ideaspring Capital to Drive Pricing Innovation in the Airline IndustryEIN Presswire•Jun 28, 2024•Flynava Technologies, Ideaspring Capital
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ClearTrust raises $1.9 Mn in pre-Series A roundEntrackr•Jan 29, 2024•ClearTrust, Ideaspring Capital, Piper Serica, Alacrity and 3 others
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Mela Ventures leads Rs 20 Cr round in SimYogEntrackr•Dec 14, 2023•SimYog Technology, Mela Ventures, 1Crowd, Ideaspring Capital and 3 others
