About IIITH Seed Fund
IIITH Seed Fund is a venture capital firm founded in 2017. It is primarily based out of Hyderabad, India. As of May 2022, IIITH Seed Fund 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 Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of DaveAI Overall, IIITH Seed Fund portfolio has seen 3 acquisitions, namely Scholr and Paymatrix. A lot of funds co-invest with IIITH Seed Fund, with names like IIIT Hyderabad sharing a substantial percentage of its portfolio. IIITH Seed Fund has team of 1 people including 1 partners.IIITH Seed Fund's List of Top Investments
IIITH Seed Fund has a portfolio of 6 companies. Their most notable investments are in Paymatrix and Scholr.Their portfolio spans across and India. They have invested in Enterprise Applications, High Tech, Consumer and 9 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by IIITH Seed Fund:
1. Bolt.Earth
Provider of electric vehicle charging hardware, software, and support services. The company offers a range of chargers suitable for various electric vehicles and locations. It provides software for managing charging infrastructure, including access control, performance monitoring, and reporting. End-to-end support and maintenance services are available, including site assessment, installation, and customer support.
Key facts about Bolt.Earth
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: SGD 1M - 10M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $29.6M
- Employee Count: 246 as on Jul 31, 2026
- Investors: Prime Venture Partners, Union Square Ventures and 37 Others
- Latest Funding Round: Series A, Jan 16, 2025, $*****
- Highlight: Editors' Pick
2. Scholr
Scholr provides homework assistance for students. The platform allows students to snapshot of the problem they want help with and send it. Students receive guidance on that question. Homework guidance is offered for mathematics, physics, chemistry, and biology. It utilizes artificial intelligence to provide solutions to questions. It provides an application for both Android as well as iOS.
Key facts about Scholr
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $284K
- Employee Count: 14 as on Jul 31, 2026
- Investors: Venture Gurukool, Zone Startups India and 13 Others
- Latest Funding Round: Seed, Sep 08, 2019, $*****
- Highlight: Acquired
3. Paymatrix
SaaS-driven payment management platform for rent payment and collection. The platform streamlines the rent payment and collection process between tenants, landlords, and property managers. It offers rental analytics, rental agreements, payment reminder, and screening services. It also features a loyalty program for consumers by providing them with rewards and cashback on transactions.
Key facts about Paymatrix
- Founded Year: 2015
- Location: Hyderabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $711K
- Employee Count: 16 as on Jul 31, 2026
- Investors: Village Capital, Muthoot Fincorp and 25 Others
- Latest Funding Round: Seed, May 13, 2021, $*****
- Highlight: Acquired
4. DaveAI
AI based sales experience platform for businesses. The platform creates virtual sales avatars that engage in natural language conversations with customers and understand preferences. It supports brands drive sales with interactive product discovery experiences using a virtual sales avatar.
Key facts about DaveAI
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $641K
- Employee Count: 74 as on Aug 31, 2025
- Investors: Startup Reseau, Soonicorn Ventures and 32 Others
- Latest Funding Round: Series A, Apr 08, 2025, $*****
- Highlight: Editors' Pick
Provider of meeting assistant translating conversations. The platform has developed AI voice assistant that translates speech to text. The features include workflow management, data deployment, accent detection, speech recognition, speaker identification, real time transcription, analyse agent assistance, automates call resolution and more.
Key facts about Mashinga Tech
- Founded Year: 2013
- Location: Kochi (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2022
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $111K
- Employee Count: 6 as on Jul 31, 2026
- Investors: CoCreation Consulting, IIITH Seed Fund and 8 Others
- Latest Funding Round: Seed, May 30, 2020, $*****
IIITH Seed Fund's Year-on-Year Investment Trends
IIITH Seed Fund has invested in 6 companies over the last 9 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in DaveAI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
IIITH Seed Fund's Investments by Stage
IIITH Seed Fund has made 2 investments in Seed stage with an average round size of $31K and 1 investment in Series A stage with an average round size of $258K.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
IIITH Seed Fund's Investments by Sector
IIITH Seed Fund has a diverse portfolio, with companies operating in the Enterprise Applications, Artificial Intelligence - Industry Applications, Consumer, EdTech and FinTech. Notably, it has invested in 6 Software companies, 6 Tech companies, 5 Enterprise (B2B) companies and at least 3 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
Artificial Intelligence - Industry Applications | 1 |
Consumer | 1 |
EdTech | 1 |
FinTech | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
IIITH Seed Fund's Investments by Geography
IIITH Seed Fund has made most investments in India (3).IIITH Seed Fund's recent investments
IIITH Seed Fund has not made any investment in 2026 so far.Here are the most recent investments by IIITH Seed Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 27, 2022 | India | Series A | 8331 | [+7] | |
Jan 25, 2018 | India | Seed | 7489 | [+1] | |
Dec 27, 2017 | India | Seed | 9408 |
Acquired companies in IIITH Seed Fund's Portfolio
3 companies from IIITH Seed Fund's portfolio have been acquired. The most recent acquisition was Paymatrix in Jun 2021 by Muthoot Fincorp for $*****.Here are IIITH Seed Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 21, 2021 | Jan 25, 2018 | Seed | 4490 | |
Feb 18, 2021 | Dec 27, 2017 | Seed | 4376 | |
Sep 16, 2019 | - | - | 9756 |
Team profile of IIITH Seed Fund
IIITH Seed Fund has a team of 1 member located in India. IIITH Seed Fund's team does not sit on the board of any company as of now.Co-investors of IIITH Seed Fund
Over the past 9 years, 59 investors have co-invested in IIITH Seed Fund's portfolio companies. This includes funds and angels.
- Invested before IIITH Seed Fund: CIE IIITH, Vineel Nalla and 28 others have invested in rounds before IIITH Seed Fund. There are 2 companies where CIE IIITH has invested before IIITH Seed Fund and 1 company where Vineel Nalla has invested before IIITH Seed Fund.
- Top Co-investors of IIITH Seed Fund: 4 investors entered a company along with IIITH Seed Fund. These include investors like IIIT Hyderabad (1 company).
- Invested after IIITH Seed Fund: A total of 25 investors have invested in IIITH Seed Fund's portfolio after their investments. Top Investors include Litchi (1 company), Danish Faruqui (1 company) and Rahul Khemka (1 company).
Recent News related to IIITH Seed Fund
•
DaveAI, A Nasscom DeepTech Club Startup Specializing in Visual AI, Raises Strategic Funding via Investors from Japan and IndiaIndianWeb2•May 26, 2022•DaveAI, GHV, Hakuhodo, Mumbai Angels and 1 other
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Stack Finance secured seed funding from SOSV, AngelList, othersTechStory•Aug 18, 2020•StackWealth, SOSV, MOX, AngelList and 3 others
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Sales augmentation startup DaveAI raises investment from Mumbai Angels Network and othersYourStory•Aug 13, 2020•DaveAI, Mumbai Angels, GHV Accelerator, IIIT Hyderabad and 1 other
