About Magnivia Ventures
Magnivia Ventures is a venture capital firm founded in 2014. It is primarily based out of Edgewater, United States. As of May 2026, Magnivia Ventures is an active investor, having invested in 10 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Australia based startups. Its investments are spread across a wide range of sectors from HealthTech to High Tech and Consumer. Most recently it participated in the $***** Seed round of Pramatra Space Overall, Magnivia Ventures portfolio has seen 2 unicorns, 2 IPOs and 1 acquisition including key companies like Swiggy, Lenskart and Cult.fit. A lot of funds co-invest with Magnivia Ventures, with names like Vectr Ventures sharing a substantial percentage of its portfolio. Magnivia Ventures has team of 6 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Acquisitions
Deals in last 12 months
Magnivia Ventures' List of Top Investments
Magnivia Ventures has a portfolio of 10 companies, including 2 unicorns. Their most notable investments include Swiggy and Lenskart.Their portfolio spans across India, Cayman Islands and Australia. They have invested in HealthTech, High Tech, Consumer and 15 other sectors, across stages such as Seed stage. Here is the list of top investments by Magnivia Ventures:1. Swiggy
Operator of digital platforms facilitating food and grocery delivery services. These platforms connect consumers with restaurants and retail stores to enable the purchase and transport of prepared meals and household goods. The service manages the logistics of order fulfillment and delivery through a network of independent couriers. Users access these services through mobile applications to browse menus and product inventories before placing orders for fulfillment.
Key facts about Swiggy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $3.62B
- Employee Count: 4,488 as on Mar 31, 2025
- Investors: Harmony Partners, Fidelity Investments and 90 Others
- Latest Funding Round: Post IPO, Dec 12, 2025, $*****
- Highlight: Public
2. Lenskart
Online eyewear retailer offering a range of eyeglasses, sunglasses, and contact lenses for sale. It is an eyewear company offering a wide range of eyeglasses, sunglasses, and contact lenses through its e-commerce platform and physical stores. The company utilizes technology-driven features such as 3D try-on and prescription services to enhance customer experience.
Key facts about Lenskart
- Founded Year: 2008
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $981M
- Employee Count: 18,984 as on Apr 30, 2026
- Investors: Fidelity Investments, ADIA and 55 Others
- Latest Funding Round: Series I, Jul 21, 2023, $*****
- Highlight: Public
3. Cult.fit
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
Key facts about Cult.fit
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $714M
- Employee Count: 1,832 as on Apr 30, 2025
- Investors: Innoven Capital, Fireside Ventures and 99 Others
- Latest Funding Round: Series G, Mar 17, 2026, $*****
- Highlight: Editors' Pick
4. Blu-Smart
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
Key facts about Blu-Smart
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $159M
- Employee Count: 613 as on Feb 28, 2025
- Investors: SoftBank Group, BlackSoil and 281 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
5. Polygon
Developer of scalable blockchain interoperability protocols. It offers a suite of solutions, including cross-chain protocols and zero-knowledge (ZK) rollups, designed to enhance the scalability and security of blockchain networks. These protocols enable seamless asset transfer and interaction across different blockchains, improving the overall user experience. The company also provides developer tools and resources to support the creation of decentralized applications (dApps) on its platform. It fosters a vibrant developer community and offers grant programs to encourage innovation within the ecosystem.
Key facts about Polygon
- Founded Year: 2017
- Location: George Town (Cayman Islands)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $451M
- Employee Count: 390 as on Jun 30, 2026
- Investors: World Capital Holdings Group, Steadview and 65 Others
- Latest Funding Round: Series B, Feb 02, 2022, $*****
- Highlight: Editors' Pick
Magnivia Ventures' Year-on-Year Investment Trends
Magnivia Ventures has invested in 10 companies over the last 4 years, with an average of 0 new investment annually in the last 3 years. As of May 2026, it has made 1 investment in this year. Its most recent first time investment was in Pramatra Space.Magnivia Ventures' Investments by Stage
Magnivia Ventures has made 2 investments in Seed stage with an average round size of $3.1M.Magnivia Ventures' Investments by Sector
Magnivia Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, FinTech and High Tech. Notably, it has invested in 10 Tech companies, 6 Consumer (B2C) companies, 6 Enterprise (B2B) companies and at least 4 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 1 |
Enterprise Infrastructure | 1 |
FinTech | 1 |
High Tech | 1 |
Note: We have considered here, only first round of investments
Magnivia Ventures' Investments by Geography
Magnivia Ventures has made most investments in Australia (1), followed by India where it has made 1 investment.Magnivia Ventures' recent investments
Magnivia Ventures has made 1 investments in 2026 so far - Pramatra Space.Here are the most recent investments by Magnivia Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 25, 2026 | India | Seed | 6969 | [+7] | |
Aug 23, 2022 | Australia | Seed | 8490 | [+4] |
Unicorns in Magnivia Ventures' Portfolio
Magnivia Ventures has 2 unicorns in its portfolio - Cult.fit and OYO. The most recent unicorn in their portfolio is Cult.fit. It became a unicorn in 2021, 4 years before Magnivia Ventures first invested in it.Here is a list of unicorns in Magnivia Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
84 | Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru | Series G | tsqk{ib | ||
76 | Chains providing booking services for hotels and various vacation homes | 2012 | Gurugram | Series G | w{eqaoe |
IPOs and Publicly Listed companies in Magnivia Ventures' Portfolio
2 of Magnivia Ventures' portfolio companies have become public. Lenskart got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2025 at marketcap of $7.86B and Swiggy got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $10.3B.Here are Magnivia Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 10, 2025 | - | - | 3679 | |
Nov 13, 2024 | - | - | 6757 |
Acquired companies in Magnivia Ventures' Portfolio
1 company from Magnivia Ventures' portfolio has been acquired. The most recent acquisition was Chainlink in Sep 2021 by Hyphen for $*****.Here are Magnivia Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 12, 2021 | - | - | 6078 |
Team profile of Magnivia Ventures
Magnivia Ventures has a team of 6 members including 3 Partners located in United States. Magnivia Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Magnivia Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York | - | ||
Partner | - | - | ||
Partner | - | - |
Co-investors of Magnivia Ventures
Over the past 4 years, 13 investors have co-invested in Magnivia Ventures's portfolio companies. This includes funds and angels.
- Invested before Magnivia Ventures: Techstars has invested before Magnivia Ventures.
- Top Co-investors of Magnivia Ventures: 12 investors entered a company along with Magnivia Ventures. These include investors like Vectr Ventures (1 company).
Recent News related to Magnivia Ventures
•
Pramatra Space Raises Pre-Seed Funding To Build a Quantum-Secure Future From SpaceIndian Startup Times•May 25, 2026•Rebalance, Pramatra Space, Techstars, Magnivia Ventures
•
Buy to earn' fintech Hello Clever bags $4.5 million seed roundSmartCompany•Aug 23, 2022•Caroline Tran, Clever, RBA, Vectr Ventures and 5 others
