About IndusAge Partners
IndusAge Partners is a venture capital firm founded in 2000. It is primarily based out of Bengaluru, India. As of May 2023, IndusAge Partners has invested in 22 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 Food and Agriculture Tech. Most recently it participated in the $***** Series A round of Connect and Heal Overall, IndusAge Partners portfolio has seen 1 IPO and 3 acquisitions, namely Air Works Group and ideaForge. A lot of funds co-invest with IndusAge Partners, with names like Acsys Investments sharing a substantial percentage of its portfolio. IndusAge Partners has team of 4 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio IPOs
Portfolio Acquisitions
IndusAge Partners' List of Top Investments
IndusAge Partners has a portfolio of 22 companies. Their most notable investments are in Stellapps and Air Works Group.Their portfolio spans across India, United States and United Kingdom. They have invested in Enterprise Applications, High Tech, Food and Agriculture Tech and 18 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by IndusAge Partners:
1. Shell
Key facts about Shell
- Founded Year: 1912
- Location: United States
- Annual Revenue: $500M - $1B as on Dec 31, 2021
- Stage: Funding Raised
- Employee Count: 192,121 as on Mar 31, 2026
- Investors: IndusAge Partners and FEMA
- Latest Funding Round: Grant (prize money), Sep 30, 2012, $*****
Provider of aviation maintenance, repair, and overhaul services for aircraft industry. It offers a range of aviation services such as airframe, line & base maintenance, Avionics Modifications, Calibration Services, Aircraft Painting, Cabin Modifications, Non-Destructive Testing, Integrated Maintenance Solutions, Business and Executive Aviation, Defense Aviation Support, and Training services. Its portfolio of services that cater to various segments of the aviation industry, including commercial airlines, business aviation, and defense services.
Key facts about Air Works Group
- Founded Year: 1951
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $82.7M
- Employee Count: 1,566 as on May 31, 2026
- Investors: BlackSoil, Burman Family and 12 Others
- Latest Funding Round: Unattributed, Apr 07, 2015, $*****
- Highlight: Acquired
Developer of AI software for hardware engineering and EDA solutions. It offers a unified EDA platform to accelerate complex hardware engineering. The company develops EDA tools and ASICs, aiming to reduce AI energy consumption. It provides solutions for verification collateral creation and workload efficiency.
Key facts about Normal Computing
- Founded Year: 2022
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $85M
- Employee Count: 83 as on May 31, 2026
- Investors: Samsung Catalyst Fund, Celesta Capital and 8 Others
- Latest Funding Round: Series A, Mar 25, 2026, $*****
- Highlight: Editors' Pick
Platform offering healthcare services. It provides end to end coordinated care and health cover. The platform offers on demand consultations, smart lab reports, and personalized healthcare services to users.
Key facts about Connect and Heal
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: SGD 10M - 50M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 925 as on Feb 28, 2025
- Investors: Celesta Capital, BAce Capital and 64 Others
- Latest Funding Round: Series A, Apr 05, 2026, $*****
- Highlight: Editors' Pick
5. Wooqer
Digital platform streamlining operational workflows, audits, and team coordination. It is a technology company that enables everyday workplace apps and agents to get any job done.
Key facts about Wooqer
- Founded Year: 2014
- Location: San Jose (United States)
- Stage: Seed
- Total Funding till date: $6M
- Employee Count: 96 as on May 31, 2025
- Investors: Sharrp Ventures, A&E Investments and 2 Others
- Latest Funding Round: Seed, Mar 14, 2014, $*****
- Highlight: Editors' Pick
IndusAge Partners' Year-on-Year Investment Trends
IndusAge Partners has invested in 22 companies over the last 19 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Connect and Heal and most recent follow-on round was in Connect and Heal.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 1 | 1 |
2022 | 0 | 0 | 0 |
2021 | 2 | 1 | 3 |
2020 | 0 | 2 | 2 |
2019 | 0 | 1 | 1 |
2018 | 1 | 0 | 1 |
2017 | 1 | 1 | 2 |
IndusAge Partners' Investments by Stage
IndusAge Partners has made 7 investments in Series A stage with an average round size of $13.8M, 3 investments in Seed stage with an average round size of $340K, 2 investments in Series B stage with an average round size of $15.5M and 1 investment in Unattributed stage with an average round size of $81.6K.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Seed | 3 |
Series B | 2 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
IndusAge Partners' Investments by Sector
IndusAge Partners has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, High Tech, FinTech and Aerospace, Maritime and Defense. Notably, it has invested in 17 Enterprise (B2B) companies, 16 Tech companies, 13 Software companies and at least 7 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Vertical SaaS | 5 |
High Tech | 3 |
FinTech | 2 |
Aerospace, Maritime and Defense | 1 |
Others | 15 |
Note: We have considered here, only first round of investments
IndusAge Partners' Investments by Geography
IndusAge Partners has made most investments in India (9), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
India | 9 |
United States | 4 |
Note: We have considered here, only first round of investments
IndusAge Partners' recent investments
IndusAge Partners has not made any investment in 2026 so far.Here are the most recent investments by IndusAge Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 26, 2023 | India | Series A | 1028 | - | |
Sep 15, 2021 | India | Series C | 5920 | [+6] | |
Feb 22, 2021 | India | Series A | 8308 | - | |
Feb 17, 2021 | United States | Series A | 9981 | [+7] | |
Nov 23, 2020 | India | Series B | 1104 | [+4] |
IPOs and Publicly Listed companies in IndusAge Partners' Portfolio
1 of IndusAge Partners' portfolio company became public - ideaForge. It got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Jul 2023 at marketcap of $339MHere are IndusAge Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2023 | Dec 21, 2016 | Series A | 7045 |
Acquired companies in IndusAge Partners' Portfolio
3 companies from IndusAge Partners' portfolio have been acquired. The most recent acquisition was Air Works Group in Oct 2022 by Adani Defence & Aerospace for $*****.Here are IndusAge Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 18, 2022 | Feb 20, 2007 | Unattributed | 9278 | |
Jul 02, 2021 | - | - | 7860 | |
Feb 18, 2019 | Apr 08, 2014 | Series B | 6015 |
Team profile of IndusAge Partners
IndusAge Partners has a team of 4 members including 2 Partners and 2 Principals located in India and United States. IndusAge Partners' team sits on the board of 8 companies.Here is a list of all team members in IndusAge Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | Auradine, Market Simplified and 2 more | ||
Partner | Bengaluru | |||
Principal | Chennai | - | ||
Principal | Mumbai | - |
Co-investors of IndusAge Partners
Over the past 19 years, 312 investors have co-invested in IndusAge Partners's portfolio companies. This includes funds and angels.
- Invested before IndusAge Partners: BAce Capital, Celesta Capital and 71 others have invested in rounds before IndusAge Partners. There is 1 company where BAce Capital has invested before IndusAge Partners and 1 company where Celesta Capital has invested before IndusAge Partners.
- Top Co-investors of IndusAge Partners: 91 investors entered a company along with IndusAge Partners. These include investors like Acsys Investments (2 companies).
- Invested after IndusAge Partners: A total of 148 investors have invested in IndusAge Partners's portfolio after their investments. Top Investors include Celesta Capital (3 companies), Blue Ashva Capital (2 companies) and Beenext (2 companies).
Recent News related to IndusAge Partners
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Dairytech Startup Stellapps To Raise INR 67 Cr From Qualcomm, Omnivore, OthersInc42•Sep 18, 2021•Stellapps, Qualcomm, Omnivore, IndusAge Partners and 2 others
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Could CRISPR cure HIV? US biotech Excision raises $60m to find outpharmaphorum•Feb 19, 2021•Excision, GreatPoint Ventures, Artis Ventures, Adjuvant Capital and 6 others
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Excision BioTherapeutics Completes $60 Million Financing to Advance CRISPR-Based Infectious Disease ProgramsGlobeNewswire•Feb 17, 2021•Excision, GreatPoint Ventures, Artis Ventures, Adjuvant Capital and 6 others
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Arzooo secures $7.5 million Series A funding led by WRVI CapitalIndiatimes•Oct 27, 2020•3Lines, Arzooo, Celesta Capital, Jabbar and 1 other
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IP Intelligence Company Clairvolex Raises $3.5 Mn From Walden Riverwood CapitalInc42•Jun 26, 2019•Clairvolex, Celesta Capital, IndusAge Partners, International Proximity and 3 others
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Stellapps Technologies: Stellapps bags $14 million in a round led by Gates Foundation, othersThe Economic Times•May 31, 2018•Stellapps, Gates, Celesta Capital, IndusAge Partners and 7 others
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Cloudleaf Secures $13 Million Series A Funding from Leading Investors for its Enterprise IoT Solutions | Business WireBusiness Wire•Sep 19, 2017•Cloudleaf, IndusAge Partners, Bold Capital Partners, Tandem Capital and 1 other
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Get My Parking raises $1.1 million from IAN and othersIndiatimes•Feb 23, 2017•Get My Parking, Indian Angel Network, Beenext, TCA and 85 others
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Cloudleaf - IndusAge PartnersIndusAge Partners•Jan 27, 2016•Cloudleaf, Mahindra Partners, IndusAge Partners, Cloudleaf and 1 other
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Bellboi (Nucleus Vision) - IndusAge PartnersIndusAge Partners•Jan 27, 2016•Bellboi, IndusAge Partners, Reliance Capital
