About Lenarco
Lenarco is a venture capital firm founded in 2013. It is primarily based out of Nicosia, Cyprus. As of May 2022, Lenarco has invested in 2 companies. It primarily invests in Series B round in India based startups. Its investments are spread across Financial Services and Business Services sectors. Most recently it participated in the $***** Series C round of Slice Overall, Lenarco portfolio has seen 2 unicorns, namely GirnarSOFT and Slice. A lot of funds co-invest with Lenarco, with names like Sunley House Capital Management sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B & Series E
Portfolio Unicorns
Lenarco's List of All Investments
Lenarco has a portfolio of 2 companies, all of them are unicorns. Their most notable investments are in GirnarSOFT and Slice.Their portfolio spans across and India. They have invested in Financial Services, Business Services, across Series B, Series E stages. Here is the list of all investments by Lenarco:1. GirnarSOFT
Provider of website, web & mobile application development, BI, and digital marketing services. Its other services include cloud computing, mobility consulting, enterprise application development, lead management, and UI & UX designing.
Key facts about GirnarSOFT
- Founded Year: 2007
- Location: Jaipur (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $620M
- Employee Count: 6,709 as on Apr 30, 2025
- Investors: CapitalG, Tybourne Capital Management and 43 Others
- Latest Funding Round: Convertible Debt, Oct 12, 2021, $*****
- Highlight: Editors' Pick
2. Slice
Chains providing digital banking, savings accounts, and UPI credit cards. The banking entity offers a savings account with daily interest that adjusts with the central bank's repo rate, featuring no minimum balance and transparent terms. It also provides a UPI credit card for flexible payments and rewards. Additional features include automatic transaction categorization, spending insights, and secure financial management tools. The entity further offers fixed deposits and various credit products through its network of branches and digital channels.
Key facts about Slice
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2023
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $331M
- Employee Count: 3,381 as on Feb 28, 2026
- Investors: 360 One, Innoven Capital and 51 Others
- Latest Funding Round: Conventional Debt, Jul 19, 2024, $*****
- Highlight: Editors' Pick
Lenarco's Year-on-Year Investment Trends
Lenarco has invested in Slice and Slice in 2022. Its most recent first time investment was in Slice and most recent follow-on round was in Slice.Lenarco's Investments by Stage
Lenarco has made 1 investment in Series B stage with an average round size of $220M and 1 investment in Series E stage with an average round size of $200M.Lenarco's Investments by Sector
Lenarco has a diverse portfolio, with companies operating in the Business Services and Financial Services. Notably, it has invested in 2 Enterprise (B2B) companies and 1 Consumer (B2C) company.Lenarco's Investments by Geography
Lenarco has made most investments in India (2).Lenarco's recent investments
Lenarco has not made any investment in 2026 so far.Here are the most recent investments by Lenarco:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 31, 2022 | India | Series C | 2250 | ||
Jan 19, 2022 | India | Series B | 9649 | ||
Nov 28, 2021 | India | Series B | 2193 | ||
Oct 12, 2021 | India | Series E | 4641 | [+24] |
Unicorns in Lenarco's Portfolio
Lenarco has 2 unicorns in its portfolio - Slice and GirnarSOFT. The most recent unicorn in their portfolio is Slice. It became a unicorn in 2021.Here is a list of unicorns in Lenarco's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Chains providing digital banking, savings accounts, and UPI credit cards | 2016 | Bengaluru | Series C | kptkqqv | ||
78 | Provider of website, web & mobile application development, BI, and digital marketing services | 2007 | Jaipur | Series E | qegqxpu |
Co-investors of Lenarco
Over the past 5 years, 71 investors have co-invested in Lenarco's portfolio companies. This includes funds and angels.
- Invested before Lenarco: Hillhouse, KMK Online and 37 others have invested in rounds before Lenarco. There is 1 company where Hillhouse has invested before Lenarco and 1 company where KMK Online has invested before Lenarco.
- Top Co-investors of Lenarco: 28 investors entered a company along with Lenarco. These include investors like Sunley House Capital Management (2 companies).
- Invested after Lenarco: A total of 4 investors have invested in Lenarco's portfolio after their investments. Top Investors include Neo Asset Management (1 company), Stride Ventures (1 company) and GMO Venture Partners (1 company).
