About IvyCap Ventures
IvyCap Ventures is a venture capital firm founded in 2011. It is primarily based out of Mumbai, India. As of Aug 2026, IvyCap Ventures is an active investor, having invested in 84 companies, with 14 new investments in the last 12 months. It primarily invests in Series A 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 Lissun Overall, IvyCap Ventures portfolio has seen 1 unicorn, 1 IPO and 9 acquisitions including key companies like Purplle, BlueStone and Bewakoof. A lot of funds co-invest with IvyCap Ventures, with names like Capital 2B sharing a substantial percentage of its portfolio. IvyCap Ventures has team of 48 people including 17 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
IvyCap Ventures' List of Top Investments
IvyCap Ventures has a portfolio of 84 companies, one of which is a Unicorn. Their most notable investments are in Onlinesales.io and Pintel.Their portfolio spans across India, United States, China and 2 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 24 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by IvyCap Ventures:1. Purplle
Brand of beauty and cosmetic products. It provides a platform for browsing and purchasing items from various categories. It offers resources such as a help center with FAQs and order tracking. The platform supports secure payments with major credit and debit cards. It offers a range of beauty and personal care products, including cosmetics, skincare, haircare, fragrances, and wellness items.
Key facts about Purplle
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $560M
- Employee Count: 973 as on Jul 31, 2025
- Investors: ADIA, Goldman Sachs and 108 Others
- Latest Funding Round: Series F, Jun 27, 2024, $*****
- Highlight: Editors' Pick
2. BlueStone
Retailer of gold diamond platinum and gemstone jewellery and coins. This business provides various accessories including rings earrings pendants bangles bracelets necklaces and chains. It offers products crafted from precious metals and stones for men women and children. The inventory includes items for daily wear and special occasions. Customers can purchase gold coins in different weights and purities. The business maintains an online store and physical retail outlets to facilitate product sales. It provides services related to the exchange and buyback of jewellery items.
Key facts about BlueStone
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $255M
- Employee Count: 1,943 as on Mar 31, 2025
- Investors: Dragoneer Investment Group, Steadview and 64 Others
- Latest Funding Round: Conventional Debt, May 14, 2025, $*****
- Highlight: Public
3. SNITCH
Online platform offering a wide selection of fashion products for men. It is a online platform offering a wide range of men's fashion products, including shirts, jeans, and other clothing items. The company provides a curated selection of premium and modern styles, catering to the fashion needs of men.
Key facts about SNITCH
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $53.3M
- Employee Count: 1,138 as on Apr 30, 2026
- Investors: 360 One, IvyCap Ventures and 6 Others
- Latest Funding Round: Series B, May 29, 2025, $*****
- Highlight: Editors' Pick
4. Bewakoof
Online retailer of fashion apparel and accessories for men and women. It provides a selection of clothing and related items through its platform. The platform offers mobile covers and options for customers to track orders. It also provides customer support and application downloads.
Key facts about Bewakoof
- Founded Year: 2011
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $39.5M
- Employee Count: 368 as on Jul 31, 2025
- Investors: IvyCap Ventures, Pratithi Investments and 58 Others
- Latest Funding Round: Series B, Dec 27, 2021, $*****
- Highlight: Acquired
Manufacturer of artificial intelligence robots designed for child educational engagement. These devices facilitate interactive learning through conversational interfaces, games, and educational content. The hardware includes mobile robotic units and automated board game systems that provide structured guidance for skill development. Users manage device settings, usage limits, and safety configurations through a connected software application. The products focus on problem solving, critical thinking, and creative expression for young users.
Key facts about Miko Technologies
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $102M
- Employee Count: 228 as on May 31, 2026
- Investors: Chiratae Ventures, 360 One and 118 Others
- Latest Funding Round: Series D, Aug 16, 2025, $*****
- Highlight: Editors' Pick
IvyCap Ventures' Year-on-Year Investment Trends
IvyCap Ventures has invested in 84 companies over the last 13 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 14 investments, while as of Aug 2026, it has made 16 investments in this year. Its most recent first time investment was in SwitchOn and most recent follow-on round was in Lissun.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 11 | 5 | 16 |
2025 | 6 | 8 | 14 |
2024 | 12 | 7 | 19 |
2023 | 7 | 6 | 13 |
2022 | 6 | 7 | 13 |
2021 | 9 | 9 | 18 |
2020 | 8 | 8 | 16 |
2019 | 4 | 6 | 10 |
2018 | 1 | 5 | 6 |
2017 | 0 | 7 | 7 |
IvyCap Ventures' Investments by Stage
IvyCap Ventures has made 35 investments in Series A stage with an average round size of $6.48M, 31 investments in Seed stage with an average round size of $1.78M, 9 investments in Series B stage with an average round size of $6.35M and 2 investments in Series C stage with an average round size of $9.03M.Stage of entry | No. of Investments |
|---|---|
Series A | 35 |
Seed | 31 |
Series B | 9 |
Series C | 2 |
Note: We have considered here, only first round of investments
IvyCap Ventures' Investments by Sector
IvyCap Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, High Tech and Vertical SaaS. Notably, it has invested in 74 Tech companies, 54 Enterprise (B2B) companies, 43 Software companies and at least 32 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 32 |
Consumer | 27 |
Retail | 17 |
High Tech | 16 |
Vertical SaaS | 15 |
Others | 114 |
Note: We have considered here, only first round of investments
IvyCap Ventures' Investments by Geography
IvyCap Ventures has made most investments in India (64), followed by United States where it has made 8 investments.Country | No. of Investments |
|---|---|
India | 64 |
United States | 8 |
China | 2 |
Singapore | 1 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
IvyCap Ventures' recent investments
IvyCap Ventures has made 16 investments in 2026 so far. Lissun and SwitchOn are the latest among them.Here are the most recent investments by IvyCap Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 18, 2026 | India | Series A | 7155 | [+7] | |
Jul 16, 2026 | India | Series A | 7818 | [+1] | |
Jul 01, 2026 | India | Series A | 7615 | [+4] | |
Jun 29, 2026 | India | Series A | 2763 | [+3] | |
Jun 03, 2026 | United Arab Emirates | Series A | 9267 | - |
Unicorns in IvyCap Ventures' Portfolio
IvyCap Ventures has 1 unicorn in its portfolio - Purplle. The most recent unicorn in their portfolio is Purplle which became a unicorn in 2022, 7 years after IvyCap Ventures first invested in it.Here is a list of unicorns in IvyCap Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
85 | Brand of beauty and cosmetic products | 2012 | Mumbai | Series F | fwnmeqi |
IPOs and Publicly Listed companies in IvyCap Ventures' Portfolio
1 of IvyCap Ventures' portfolio company became public - BlueStone. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Aug 2025 at marketcap of $897MHere are IvyCap Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 19, 2025 | Jul 10, 2015 | Series C | 3546 |
Acquired companies in IvyCap Ventures' Portfolio
9 companies from IvyCap Ventures' portfolio have been acquired. The most recent acquisition was Wagr in Oct 2025 by Fredun Group for $*****.Here are IvyCap Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 09, 2025 | Nov 26, 2021 | Seed | 9219 | |
Apr 24, 2025 | Jun 17, 2019 | Series A | 5583 | |
Nov 28, 2022 | Mar 06, 2021 | Series B | 4653 | |
Apr 01, 2022 | Mar 04, 2020 | Series A | 9353 | |
Mar 20, 2022 | 2013 | Seed | 7250 |
Team profile of IvyCap Ventures
IvyCap Ventures has a team of 48 members including 17 Partners and 14 Principals located in India, United States and 1 more location. IvyCap Ventures' team sits on the board of 17 companies.Here is a list of top team members in IvyCap Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | |||
Partner | Singapore | Purplle, Miko Technologies and 11 more | ||
Partner | - | |||
Partner | Mumbai | - | ||
Partner | Bengaluru | - | ||
Partner | - | - | ||
Partner | India | - | ||
Partner | Mumbai | - |
Co-investors of IvyCap Ventures
Over the past 13 years, 2171 investors have co-invested in IvyCap Ventures's portfolio companies. This includes funds and angels.
- Invested before IvyCap Ventures: LetsVenture, TCA and 1209 others have invested in rounds before IvyCap Ventures. There are 6 companies where LetsVenture has invested before IvyCap Ventures and 5 companies where TCA has invested before IvyCap Ventures.
- Top Co-investors of IvyCap Ventures: 343 investors entered a company along with IvyCap Ventures. These include investors like Capital 2B (3 companies).
- Invested after IvyCap Ventures: A total of 617 investors have invested in IvyCap Ventures's portfolio after their investments. Top Investors include BlackSoil (5 companies), Trifecta Capital (5 companies) and Innoven Capital (4 companies).
Recent News related to IvyCap Ventures
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PixVerse, an AI video platform, raises $439 million in Series C fundingStartup Log•Jul 14, 2026•PixVerse, Alibaba, Lollapalooza Capital, IvyCap Ventures and 13 others
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Rusk Media Secures Fresh Funding, Receiving a Valuation BumpVCCircle•Jun 18, 2026•Rusk Media, Audacity, Info Edge Ventures, IvyCap Ventures and 4 others
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Zuvees Secures ₹30 Crore Series A Funding from IvyCap VenturesThe SaaS News•Jun 04, 2026•Zuvees, IvyCap Ventures
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D2C Gifting Platform Zuvees Raises Rs 15 Cr in Ongoing Series A RoundViestories•Jun 03, 2026•IvyCap Ventures, Zuvees
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Tiea Connectors Secures Rs 77 Cr in Series A Funding Led by IvyCap VenturesEntrackr•May 27, 2026•TIEA, Jamwant Ventures, 8X Ventures, IvyCap Ventures and 1 other
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