About India Internet Fund
India Internet Fund is a venture capital firm founded in 2011. It is primarily based out of Delhi, India. As of Sep 2021, India Internet Fund has invested in 23 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 Consumer and Retail. Most recently it participated in the $***** Series E round of Porter Overall, India Internet Fund portfolio has seen 1 IPO and 6 acquisitions including key companies like Unacademy, Porter and Talon One. A lot of funds co-invest with India Internet Fund, with names like Tiger Global Management sharing a substantial percentage of its portfolio. India Internet Fund has team of 8 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio IPOs
Portfolio Soonicorns
India Internet Fund's List of Top Investments
India Internet Fund has a portfolio of 23 companies. Their most notable investments are in Plum and Unacademy.Their portfolio spans across India, United States, Singapore and 1 more locations. They have invested in Enterprise Applications, Consumer, Retail and 14 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by India Internet Fund:
1. Tala
Provider of financial infrastructure and credit decision models. This entity develops risk intelligence and underwriting engines designed to facilitate access to credit. The technology utilizes behavioral data to assess creditworthiness and enable financial transactions through digital interfaces.
Key facts about Tala
- Founded Year: 2011
- Location: Santa Monica (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $346M
- Employee Count: 906 as on Sep 30, 2026
- Investors: Western Technology Investment, Founders Circle Capital and 51 Others
- Latest Funding Round: Conventional Debt, Mar 20, 2025, $*****
- Highlight: Editors' Pick
2. Unacademy
Provider of online educational resources and structured courses for exam preparation. They offer live classes with educator interaction and doubt clearing sessions. The platform provides access to recorded classes for learning anytime, anywhere. Resources include practice sections, mock tests, and downloadable lecture notes.
Key facts about Unacademy
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $880M
- Employee Count: 1,799 as on Jul 31, 2025
- Investors: ABG Capital, Dragoneer Investment Group and 68 Others
- Latest Funding Round: Series H, Aug 01, 2021, $*****
- Highlight: Acquired
3. Porter
Provider of on-demand logistics and goods transportation services. The company offers a range of transportation solutions including intra-city goods movement, packing and moving services, and enterprise logistics management. Through a digital platform, it facilitates the booking of various vehicle types for the transport of commercial and personal goods. The service supports businesses and individuals with supply chain management, distribution, and relocation needs.
Key facts about Porter
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $198M
- Employee Count: 2,027 as on Aug 31, 2025
- Investors: Vitruvian Partners, Magnetic and 57 Others
- Latest Funding Round: Series F, Jan 15, 2026, $*****
- Highlight: Editors' Pick
4. Talon One
Talon.One offers a platform for brands to create, run and manage promotional campaigns. Brands can run coupons, discounts, loyalty and referral campaigns using this platform. The company offers a campaign manager dashboard to run and manage promotional campaigns. It also offers 3rd party integration with email, A/B testing, weather, customer support, dynamically exchange data. Clients include Casper, Delivery Hero and others.
Key facts about Talon One
- Founded Year: 2015
- Location: Berlin (Germany)
- Annual Revenue: €10M - €50M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $138M
- Employee Count: 350 as on Jul 31, 2026
- Investors: Meritech, India Internet Fund and 11 Others
- Latest Funding Round: Series B, Jul 02, 2025, $*****
- Highlight: Acquired
5. Plum
Provider of employee health benefits and insurance plans for businesses. The company offers group health, term life, and personal accident insurance. Healthcare options include care programs, telehealth, health checkups, and mental health support. Business insurance includes directors and officers, errors and omissions, and cyber coverage. The company provides benefits management, claims analytics, and budgeting features.
Key facts about Plum
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $41.2M
- Employee Count: 449 as on Aug 31, 2025
- Investors: India Internet Fund, Meyer Keith Ventures and 44 Others
- Latest Funding Round: Series B, Mar 16, 2026, $*****
- Highlight: Editors' Pick
India Internet Fund's Year-on-Year Investment Trends
India Internet Fund has invested in 23 companies over the last 15 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Porter and most recent follow-on round was in SnapLion.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 | 0 | 0 | 0 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
India Internet Fund's Investments by Stage
India Internet Fund has made 8 investments in Seed stage with an average round size of $699K, 4 investments in Series A stage with an average round size of $20.9M, 1 investment in Series E stage with an average round size of $101M and 1 investment in Series F stage with an average round size of $86.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Series A | 4 |
Series E | 1 |
Series F | 1 |
Note: We have considered here, only first round of investments
India Internet Fund's Investments by Sector
India Internet Fund has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Gig Economy and Retail. Notably, it has invested in 20 Tech companies, 13 Enterprise (B2B) companies, 13 Software companies and at least 10 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
FinTech | 4 |
Consumer | 3 |
Gig Economy | 3 |
Retail | 2 |
Others | 17 |
Note: We have considered here, only first round of investments
India Internet Fund's Investments by Geography
India Internet Fund has made most investments in India (11), followed by Singapore where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 11 |
Singapore | 2 |
United States | 2 |
Note: We have considered here, only first round of investments
India Internet Fund's recent investments
India Internet Fund has not made any investment in 2026 so far.Here are the most recent investments by India Internet Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 01, 2021 | India | Series E | 4863 | ||
May 24, 2021 | India | Series A | 5503 | [+28] | |
Nov 25, 2020 | India | Series F | 8847 | ||
Feb 26, 2019 | India | Series A | 1490 | ||
Sep 03, 2015 | United States | Series A | 4686 | [+6] |
IPOs and Publicly Listed companies in India Internet Fund's Portfolio
1 of India Internet Fund's portfolio company became public - Ola Electric. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Aug 2024 at marketcap of $3.99BHere are India Internet Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 09, 2024 | Feb 26, 2019 | Series A | 5776 |
Acquired companies in India Internet Fund's Portfolio
6 companies from India Internet Fund's portfolio have been acquired. The most recent acquisition was Talon One in Apr 2026 by Adyen for $*****.Here are India Internet Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 24, 2026 | - | - | 4499 | |
Mar 15, 2026 | Nov 25, 2020 | Series F | 9674 | |
Mar 28, 2025 | - | - | 5767 | |
Apr 18, 2022 | Jul 25, 2013 | Seed | 8364 | |
Aug 12, 2016 | - | - | 9869 |
Team profile of India Internet Fund
India Internet Fund has a team of 8 members including 2 Partners located in United States. India Internet Fund's team sits on the board of 1 company.Co-investors of India Internet Fund
Over the past 15 years, 366 investors have co-invested in India Internet Fund's portfolio companies. This includes funds and angels.
- Invested before India Internet Fund: Mumbai Angels, Blume Venture and 126 others have invested in rounds before India Internet Fund. There are 2 companies where Mumbai Angels has invested before India Internet Fund and 2 companies where Blume Venture has invested before India Internet Fund.
- Top Co-investors of India Internet Fund: 112 investors entered a company along with India Internet Fund. These include investors like Tiger Global Management (4 companies).
- Invested after India Internet Fund: A total of 126 investors have invested in India Internet Fund's portfolio after their investments. Top Investors include Temasek (2 companies), Victory Park Capital Advisors (1 company) and IVP (1 company).
Recent News related to India Internet Fund
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Indian E-scooter Maker Ather Converts Shares Ahead Of IpoTech in Asia•Mar 10, 2025•Ather Energy, Hero MotoCorp, India Internet Fund, Caladium Investment and 1 other
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Ketto Raises $700,000 Funds Led By Calcutta Angels, The Chennai AngelsBW Businessworld•Jul 16, 2015•Ketto, Calcutta Angels, TCA, Singapore Angel Network and 4 others
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AppVirality Raises $465,000 To Give Developers User Growth ToolsTechCrunch+•Jan 13, 2015•App Virality, TNN Capital, India Internet Fund, Rajan Jei Anandan and 4 others
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Blume Ventures invests in Snaplion, SocialBlood, Snapbizz and GreytipMediaNama•Sep 08, 2014•SnapLion, Orios Venture Partners, India Internet Fund, Blume Venture
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