About Kaizenvest
Kaizenvest is a venture capital firm founded in 2010. It is primarily based out of Mumbai, India. As of Jul 2023, Kaizenvest has invested in 26 companies. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from EdTech to Enterprise Applications and Consumer. Most recently it participated in the $***** Conventional Debt round of Leverage Edu Overall, Kaizenvest portfolio has seen 1 unicorn, 1 IPO and 6 acquisitions including key companies like UpGrad, Toppr and Stride. A lot of funds co-invest with Kaizenvest, with names like Alteria Capital sharing a substantial percentage of its portfolio. Kaizenvest has team of 30 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 6 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Kaizenvest's List of Top Investments
Kaizenvest has a portfolio of 26 companies, one of which is a Unicorn. Their most notable investments are in Founding Years and Founding Years.Their portfolio spans across India, United States, Vietnam and 4 more locations. They have invested in EdTech, Enterprise Applications, Consumer and 5 other sectors, across stages such as Series B, Series A and 6 more. Here is the list of top investments by Kaizenvest:
1. BYJU'S
Provider of online and offline academic tutoring for school students. This organization delivers educational instruction for primary and secondary grade levels. It offers preparation courses for competitive entrance examinations. The curriculum includes subjects such as mathematics, physics, chemistry, and biology. Instruction is delivered through digital platforms and physical learning centers. The service model incorporates video lessons, interactive assessments, and structured learning paths to facilitate subject mastery.
Key facts about BYJU'S
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2022
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $4.6B
- Employee Count: 19,146 as on Jul 31, 2026
- Investors: ADS Ventures, Silver Lake and 130 Others
- Latest Funding Round: Conventional Debt, May 12, 2023, $*****
2. Leverage Edu
Provider of academic admissions counseling and professional career placement services. This entity assists individuals with university application processes and facilitates employment opportunities across various industries. Services include document validation, interview preparation, and language training to support professional mobility. Additionally, the organization offers financial assistance, housing support, and online degree programs to help individuals achieve their educational and career objectives.
Key facts about Leverage Edu
- Founded Year: 2017
- Location: London (United Kingdom)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $60.3M
- Employee Count: 999 as on Mar 31, 2026
- Investors: BlackSoil, Avendus and 169 Others
- Latest Funding Round: Series C, Feb 09, 2026, $*****
- Highlight: Editors' Pick
3. Vedantu
Provider of live interactive K–12 tutoring platform. Its offerings include two-way live online classes for students, covering CBSE, ICSE, state-board curricula and competitive exams such as JEE, NEET, NTSE, and Olympiads, using its proprietary WAVE. It also offers recorded sessions, quizzes, assignments, doubt-solving features, project-based learning, curated study materials and Master Talks sessions with achievers. The platform uses low-bandwidth audio-video streaming, interactive whiteboard tools, multi-teacher AI/ML-enhanced engagement analytics, real-time doubt resolution, gamified participation features like leaderboards and badges, and hybrid online–offline delivery options.
Key facts about Vedantu
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $335M
- Employee Count: 972 as on Aug 31, 2025
- Investors: WestBridge Capital, Accel and 41 Others
- Latest Funding Round: Series F, Sep 26, 2025, $*****
- Highlight: Editors' Pick
4. UpGrad
Higher education and upskilling platform. It provides online degree programs, professional certifications, and career transition courses in partnership with universities and industry experts. It partners with universities and industry organizations to provide structured learning pathways for students and working professionals, focusing on career advancement, job readiness, and lifelong learning through technology-enabled education.
Key facts about UpGrad
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $372M
- Employee Count: 6,673 as on May 31, 2026
- Investors: Temasek, 360 One and 53 Others
- Latest Funding Round: Series F, Apr 23, 2026, $*****
- Highlight: Editors' Pick
5. Toppr
Developer of personalized online learning and test preparation solutions. This platform provides adaptive video lessons, concept explanations, practice exercises, and doubt-clearing support tailored to individual learning trajectories for school curriculum and competitive examinations.
Key facts about Toppr
- Founded Year: 2013
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $116M
- Employee Count: 1,203 as on Jul 31, 2026
- Investors: Helion Venture Partners, Elevation Capital and 28 Others
- Latest Funding Round: Series D, Jan 11, 2021, $*****
- Highlight: Acquired
Kaizenvest's Year-on-Year Investment Trends
Kaizenvest has invested in 27 companies over the last 15 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in MindX and most recent follow-on round was in Leverage Edu.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 2 | 3 |
2022 | 1 | 0 | 1 |
2021 | 2 | 1 | 3 |
2020 | 0 | 1 | 1 |
2019 | 1 | 2 | 3 |
2018 | 1 | 2 | 3 |
2017 | 2 | 0 | 2 |
Kaizenvest's Investments by Stage
Kaizenvest has made 7 investments in Series B stage with an average round size of $11.5M, 5 investments in Series A stage with an average round size of $5.18M and 3 investments in Seed stage with an average round size of $2.57M.Stage of entry | No. of Investments |
|---|---|
Series B | 7 |
Series A | 5 |
Seed | 3 |
Angel | 1 |
PE | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Kaizenvest's Investments by Sector
Kaizenvest has a diverse portfolio, with companies operating in the Education, EdTech, Enterprise Applications, Business Services and Consumer. Notably, it has invested in 16 Consumer (B2C) companies, 12 Enterprise (B2B) companies, 12 Tech companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Education | 11 |
EdTech | 8 |
Enterprise Applications | 3 |
Business Services | 2 |
Consumer | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Kaizenvest's Investments by Geography
Kaizenvest has made most investments in India (17), followed by Vietnam where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 17 |
Vietnam | 2 |
Indonesia | 1 |
United Kingdom | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Kaizenvest's recent investments
Kaizenvest has not made any investment in 2026 so far.Here are the most recent investments by Kaizenvest:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 03, 2023 | United Kingdom | Conventional Debt | 7096 | [+4] | |
Jun 30, 2023 | United Kingdom | Series C | 8093 | [+28] | |
Apr 12, 2023 | Vietnam | Series B | 6169 | [+2] | |
Jan 21, 2022 | United Kingdom | Series B | 4770 | [+68] | |
Nov 23, 2021 | Indonesia | Series A | 7182 | [+7] |
Unicorns in Kaizenvest's Portfolio
Kaizenvest has 1 unicorn in its portfolio - UpGrad. The most recent unicorn in their portfolio is UpGrad which became a unicorn in 2021, 5 years before Kaizenvest first invested in it.Here is a list of unicorns in Kaizenvest's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Higher education and upskilling platform | 2015 | Mumbai | Series F | jdortui |
IPOs and Publicly Listed companies in Kaizenvest's Portfolio
1 of Kaizenvest's portfolio company became public - Stride. It got listed on the New York Stock Exchange (NYSE), in Dec 2007.Here are Kaizenvest's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 14, 2007 | - | - | 8683 |
Acquired companies in Kaizenvest's Portfolio
6 companies from Kaizenvest's portfolio have been acquired. The most recent acquisition was Deeksha in Oct 2022 by Vedantu for $*****.Here are Kaizenvest's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 13, 2022 | Oct 10, 2012 | Series A | 2722 | |
May 02, 2022 | Mar 27, 2017 | Seed | 1060 | |
Jul 25, 2021 | May 09, 2018 | Series C | 1043 | |
May 23, 2021 | Nov 24, 2014 | Angel | 4815 | |
Mar 30, 2017 | May 17, 2016 | Series B | 5816 |
Team profile of Kaizenvest
Kaizenvest has a team of 30 members including 8 Partners, 1 Venture Partner and 3 Principals located in Singapore, India and 4 more locations. Kaizenvest's team sits on the board of 4 companies.Here is a list of top team members in Kaizenvest:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | |||
Partner | Singapore | |||
Partner | Mumbai | - | - | |
Partner | - | - | - | |
Partner | Singapore | - | ||
Partner | Munich | - | - | |
Partner | Singapore | - | - | |
Partner | Malaysia | - | - | |
Venture Partner | China | - | - | |
Principal | Singapore | - |
Co-investors of Kaizenvest
Over the past 15 years, 340 investors have co-invested in Kaizenvest's portfolio companies. This includes funds and angels.
- Invested before Kaizenvest: Accel, Brand Capital and 154 others have invested in rounds before Kaizenvest. There are 3 companies where Accel has invested before Kaizenvest and 2 companies where Brand Capital has invested before Kaizenvest.
- Top Co-investors of Kaizenvest: 100 investors entered a company along with Kaizenvest. These include investors like Alteria Capital (2 companies).
- Invested after Kaizenvest: A total of 84 investors have invested in Kaizenvest's portfolio after their investments. Top Investors include Peepul Capital (2 companies), Davidson Kempner Capital Management (1 company) and UBS (1 company).
Recent News related to Kaizenvest
•
BlueOrchard bets on ChrysCapital-backed Varthana FinanceVCCircle•Dec 09, 2024•Varthana, BlueOrchard, Kaizenvest
•
Varthana Finance Raises $14 Million from Blue Earth Capital to Support Affordable Private SchoolsStartupNews•Jan 13, 2024•Varthana, Blue Earth Capital, Elevar Equity, Omidyar Network India and 2 others
•
•
Lakshmikumaran and Sridharan advises ETS on Series C funding round in Leverage Edu along with other investorsBusinessnewsthisweek•Jul 20, 2023•Leverage Edu, Lakshmikumaran & Sridharan, ETS Capital, Blume Venture and 2 others
•
Vietnamese edtech startup MindX scores $15m in Series B fundingAsiaTechDaily•Jul 16, 2023•MindX, Kaizenvest, Beacon Fund, Aksorn and 2 others
•
Leverage Edu Raises $40 Million in Series C Funding Round to Expand Study Abroad PlatformStartup Story•Jul 03, 2023•Leverage Edu, ETS, Blume Venture, DSG Consumer Partners and 5 others
•
Vietnamese edtech firm MindX raises $15m led by KaizenvestShareandstocks•Apr 12, 2023•MindX, Kaizenvest, MindX, Aksorn and 7 others
•
•
upGrad Completes Investment Round of USD 210 MillionACROFAN•Aug 15, 2022•UpGrad, Kaizenvest, NSFO, Temasek and 9 others
•
upGrad funding provides momentumYourStory•Aug 12, 2022•UpGrad, ETS Global, Bodhi Tree Asset Management, Kaizenvest and 11 others
