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About Indus Valley Capital
Indus Valley Capital is a venture capital firm founded in 2019. It is primarily based out of Karachi, Pakistan. As of Jun 2026, Indus Valley Capital is an active investor, having invested in 24 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in Pakistan based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Food and Agriculture Tech. Most recently it participated in the $***** Seed round of Metal A lot of funds co-invest with Indus Valley Capital, with names like Fatima Gobi Ventures sharing a substantial percentage of its portfolio. Indus Valley Capital has team of 3 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
Indus Valley Capital's List of Top Investments
Indus Valley Capital has a portfolio of 24 companies. Their most notable investments are in Paismo and Shadiyana.Their portfolio spans across Pakistan, United States, Germany and 2 more locations. They have invested in Enterprise Applications, Consumer, Food and Agriculture Tech and 13 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Indus Valley Capital:1. Bazaar
Platform offering an operating system for general purpose. It helps to build an operating system for traditional retail systems. It provides a solution to purchase all the products for the store and maintain the accounts in the khata app. The platform offers features like the point of sale management, supply chain management, digital lending, etc. The mobile application is available for play store users.
Key facts about Bazaar
- Founded Year: 2020
- Location: Karachi (Pakistan)
- Stage: Series B
- Total Funding till date: $108M
- Employee Count: 946 as on Aug 31, 2026
- Investors: Dragoneer Investment Group, Global Founders Capital and 15 Others
- Latest Funding Round: Series B, Mar 15, 2022, $*****
- Highlight: Editors' Pick
2. Markaz
App-based reselling platform offering fashion products. . The app enables resellers to list and sell multi-category clothing and fashion accessories, share them with customers or friends on social media networks through WhatsApp, Facebook, Instagram, etc, and earn by selling products. The mobile application is available for Android users.
Key facts about Markaz
- Founded Year: 2021
- Location: Islamabad (Pakistan)
- Stage: Seed
- Total Funding till date: $2.4M
- Employee Count: 483 as on Aug 31, 2026
- Investors: Y Combinator, Indus Valley Capital and 2 Others
- Latest Funding Round: Seed, May 10, 2022, $*****
- Highlight: Editors' Pick
3. Farmdar
Provider of agricultural crop data. They leverages artificial intelligence and satellite technology to provide farmers with accurate and actionable crop data. They aim to increase agricultural productivity and sustainability. They use remote sensing and AI to deliver detailed analytics on crops enabling farmers to make data driven decisions.
Key facts about Farmdar
- Founded Year: 2021
- Location: Lahore (Pakistan)
- Stage: Seed
- Total Funding till date: $1.3M
- Employee Count: 76 as on Aug 31, 2026
- Investors: Moment Ventures, The Community Fund and 7 Others
- Latest Funding Round: Seed, Nov 10, 2025, $*****
Online platform offering multi-category grocery supplies. It offers fruits & vegetables, meat & seafood, dairy products, bakery products, and more. It also offers personal care products, home care products, pet products, and more. The company claims fast and same-day delivery of the products from the point of order.
Key facts about Airlift Express
- Founded Year: 2015
- Location: Frankfurt Am Main (Germany)
- Stage: Series B
- Total Funding till date: $110M
- Employee Count: 657 as on Mar 31, 2026
- Investors: Graph Ventures, Calm Ventures and 8 Others
- Latest Funding Round: Series B, Aug 18, 2021, $*****
- Highlight: Editors' Pick
5. Maqsad
App-based platform offering multi-disciplinary learning solutions for students. It allows students to complete courses at their own pace. It also provides doubt-clearing solutions. It is a study app that offers interactive bite-sized video lectures, MCQ practice tests, and instant math solutions. The app is available for iOS and Android users.
Key facts about Maqsad
- Founded Year: 2021
- Location: Karachi (Pakistan)
- Stage: Seed
- Total Funding till date: $4.9M
- Employee Count: 92 as on Aug 31, 2026
- Investors: Alter, Speedinvest and 5 Others
- Latest Funding Round: Seed, Mar 16, 2023, $*****
- Highlight: Editors' Pick
Indus Valley Capital's Year-on-Year Investment Trends
Indus Valley Capital has invested in 24 companies over the last 7 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Jun 2026, it has made 4 investments in this year. Its most recent first time investment was in Metal and most recent follow-on round was in Farmdar.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 1 | 1 | 2 |
2024 | 2 | 3 | 5 |
2023 | 3 | 1 | 4 |
2022 | 4 | 2 | 6 |
2021 | 4 | 3 | 7 |
2020 | 2 | 2 | 4 |
2019 | 3 | 1 | 4 |
Indus Valley Capital's Investments by Stage
Indus Valley Capital has made 22 investments in Seed stage with an average round size of $2.26M and 1 investment in Series A stage with an average round size of $3.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 22 |
Series A | 1 |
Note: We have considered here, only first round of investments
Indus Valley Capital's Investments by Sector
Indus Valley Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Food and Agriculture Tech, Gig Economy and Transportation and Logistics Tech. Notably, it has invested in 20 Tech companies, 13 Consumer (B2C) companies, 13 Enterprise (B2B) companies and at least 10 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 8 |
Enterprise Applications | 8 |
Food and Agriculture Tech | 4 |
Gig Economy | 4 |
Transportation and Logistics Tech | 4 |
Others | 24 |
Note: We have considered here, only first round of investments
Indus Valley Capital's Investments by Geography
Indus Valley Capital has made most investments in Pakistan (14), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
Pakistan | 14 |
United States | 4 |
Germany | 1 |
India | 1 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
Indus Valley Capital's recent investments
Indus Valley Capital has made 4 investments in 2026 so far. Metal and Colabs are the latest among them.Here are the most recent investments by Indus Valley Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 20, 2026 | United States | Seed | 9795 | [+6] | |
Apr 26, 2026 | - | Seed | 4674 | [+3] | |
Apr 24, 2026 | - | Seed | 2142 | [+3] | |
Jan 29, 2026 | Pakistan | Seed | 2293 | [+3] | |
Dec 09, 2025 | Pakistan | Seed | 9592 | - |
Team profile of Indus Valley Capital
Indus Valley Capital has a team of 3 members including 1 Partner and 1 Venture Partner located in United States. Indus Valley Capital's team does not sit on the board of any company as of now.Co-investors of Indus Valley Capital
Over the past 7 years, 200 investors have co-invested in Indus Valley Capital's portfolio companies. This includes funds and angels.
- Invested before Indus Valley Capital: Mohit Tandon, Avinash Anand and 46 others have invested in rounds before Indus Valley Capital. There is 1 company where Mohit Tandon has invested before Indus Valley Capital and 1 company where Avinash Anand has invested before Indus Valley Capital.
- Top Co-investors of Indus Valley Capital: 107 investors entered a company along with Indus Valley Capital. These include investors like Fatima Gobi Ventures (5 companies).
- Invested after Indus Valley Capital: A total of 45 investors have invested in Indus Valley Capital's portfolio after their investments. Top Investors include Shorooq Partners (3 companies), Josh Buckley (2 companies) and Sam Altman (2 companies).
Recent News related to Indus Valley Capital
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Pakistan’s workspace platform raises $2m pre-series ATech in Asia•Oct 24, 2024•COLABS, Shorooq Partners, Indus Valley Capital, Fatima Gobi Ventures and 1 other
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Pakistan’s BNPL startup secures $3.2m in series ATech in Asia•Sep 24, 2024•Qist Bazaar, Indus Valley Capital, Gobi Partners
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BridgeLinx Logistics’s Series A Financing RoundGlobal Legal Chronicle•May 31, 2024•BridgeLinx, Allen Gledhill, Indus Valley Capital
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Paklaunch Raises Funding Led by Disrupt.com, Eyes Regional ExpansionProPakistani•Mar 13, 2024•Paklaunch, Disrupt, Valley Capital Partners, Indus Valley Capital
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Pakistan’s Digital Freight Forwarder Raises Over $1 Million in Pre-Seed FundingProPakistani•Nov 13, 2023•Voyage, Indus Valley Capital
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