About Malpani Ventures
Malpani Ventures is a venture capital firm founded in 2018. It is primarily based out of Mumbai, India. As of Jul 2026, Malpani Ventures is an active investor, having invested in 33 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Seed round of Adiabatic Overall, Malpani Ventures portfolio has seen 3 acquisitions, namely RainCan and Primaseller. A lot of funds co-invest with Malpani Ventures, with names like Aniruddha Malpani sharing a substantial percentage of its portfolio. Malpani Ventures has team of 7 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Malpani Ventures' List of Top Investments
Malpani Ventures has a portfolio of 33 companies. Their most notable investments are in Nexxio and Adiabatic.Their portfolio spans across and India. They have invested in Enterprise Applications, Consumer, Retail and 20 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Malpani Ventures:_1581682898875.png?format=webp&height=120&width=120){kind=logo}
1. Chalo
Online platform offering app‑based bus tracking and ticketing services. It provides real-time location updates, ticket and pass booking features, and digital smart cards for convenient travel. The system integrates with city bus operators to optimize scheduling and reduce cash handling.
Key facts about Chalo
- Founded Year: 2014
- Location: Mumbai (India)
- Annual Revenue: $10M - $50M as on Mar 31, 2024
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $117M
- Employee Count: 206 as on Jun 30, 2025
- Investors: BlackSoil, Lightrock India and 68 Others
- Latest Funding Round: Series D, May 30, 2025, $*****
- Highlight: Editors' Pick
2. VdoCipher
Cloud based technology to address the problem of piracy and video leaching on video websites. Premium video authors can host their video content through VdoCipher which offers encrypted streaming to prevent user from downloading. Provides watermark feature for videos, buffer retention for video content and customizable player features. Offers pay-per-use and enterprise models, analysis of video and viewer statistics, on a dashboard along with management of video content. Target solution for premium video tutorials or music or video company. IIT Delhi founding team.
Key facts about VdoCipher
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $179K
- Employee Count: 37 as on Aug 31, 2025
- Investors: Malpani Ventures, Springboard Solutions and 8 Others
- Latest Funding Round: Seed, Feb 01, 2017, $*****
3. Ajjas
Provider of IoT GPS tracking devices and analytics for businesses. The company offers solutions for logistics, fleet management, rental services, finance, and last-mile delivery. Features include real-time tracking, geo-fencing, remote immobilization, and predictive analytics. The company's devices integrate with other brands, offering flexibility.
Key facts about Ajjas
- Founded Year: 2016
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Stage: Seed
- Employee Count: 47 as on Aug 31, 2025
- Investors: Malpani Ventures, Kennis and 4 Others
- Latest Funding Round: Seed, Feb 2020, $*****
4. Clodura
AI and cloud based lead generation platform. It offers an AI based lead generation automation and sales intelligence platform. It automates lead generation processes, allows members to add own leads, and covers all lead data including email, phone number, and social account. It monetizes through subscription-based pricing plans.
Key facts about Clodura
- Founded Year: 2015
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $3.15M
- Employee Count: 57 as on Apr 30, 2025
- Investors: Malpani Ventures, Bharat Innovation Fund and 13 Others
- Latest Funding Round: Seed, Jan 02, 2024, $*****
- Highlight: Editors' Pick
5. Doco
Platform offering AI- and ML-powered distributor network optimization. empowers brands to penetrate offline retail channels using intelligent automation and data-driven insights. By leveraging AI/ML, the platform digitizes distributor operations, creates digital identities for retailers, enables seamless integration with existing systems, and provides real-time market visibility for better demand forecasting and faster new-market access.
Key facts about Doco
- Founded Year: 2022
- Location: Ghaziabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $830K
- Employee Count: 55 as on Jun 30, 2026
- Investors: Gujarat Venture Finance, Malpani Ventures and 16 Others
- Latest Funding Round: Seed, Nov 12, 2025, $*****
Malpani Ventures' Year-on-Year Investment Trends
Malpani Ventures has invested in 33 companies over the last 8 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Jul 2026, it has made 1 investment in this year. Its most recent first time investment was in Adiabatic and most recent follow-on round was in Clodura.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 1 | 1 | 2 |
2023 | 4 | 1 | 5 |
2022 | 3 | 0 | 3 |
2021 | 0 | 0 | 0 |
2020 | 3 | 0 | 3 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
Malpani Ventures' Investments by Stage
Malpani Ventures has made 15 investments in Seed stage with an average round size of $563K and 1 investment in Series A stage with an average round size of $568K.Stage of entry | No. of Investments |
|---|---|
Seed | 15 |
Series A | 1 |
Note: We have considered here, only first round of investments
Malpani Ventures' Investments by Sector
Malpani Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, Sustainability Tech and EdTech. Notably, it has invested in 29 Tech companies, 18 Consumer (B2C) companies, 16 Enterprise (B2B) companies and at least 16 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Consumer | 5 |
Retail | 4 |
Sustainability Tech | 3 |
EdTech | 2 |
Others | 17 |
Note: We have considered here, only first round of investments
Malpani Ventures' Investments by Geography
Malpani Ventures has made most investments in India (16).Malpani Ventures' recent investments
Malpani Ventures has made 1 investments in 2026 so far - Adiabatic.Here are the most recent investments by Malpani Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 28, 2026 | India | Seed | 6757 | [+8] | |
Nov 12, 2025 | India | Seed | 3721 | ||
Mar 20, 2025 | India | Seed | 4821 | - | |
May 07, 2024 | India | Seed | 6061 | [+25] | |
Jan 02, 2024 | India | Seed | 4332 |
Acquired companies in Malpani Ventures' Portfolio
3 companies from Malpani Ventures' portfolio have been acquired. The most recent acquisition was Primaseller in Mar 2021 by Delhivery for $*****.Here are Malpani Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 03, 2021 | - | - | 4709 | |
Oct 17, 2018 | - | - | 9336 | |
Jul 18, 2018 | - | - | 6194 |
Team profile of Malpani Ventures
Malpani Ventures has a team of 7 members including 2 Partners, 1 Venture Partner and 1 Principal located in India. Malpani Ventures' team sits on the board of 1 company.Here is a list of all team members in Malpani Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Mumbai | |||
Venture Partner | Mumbai | - | ||
Principal | Mumbai | - | - |
Co-investors of Malpani Ventures
Over the past 8 years, 490 investors have co-invested in Malpani Ventures's portfolio companies. This includes funds and angels.
- Invested before Malpani Ventures: IIMA Ventures, Ajay Kumar Dubey and 129 others have invested in rounds before Malpani Ventures. There are 2 companies where IIMA Ventures has invested before Malpani Ventures and 1 company where Ajay Kumar Dubey has invested before Malpani Ventures.
- Top Co-investors of Malpani Ventures: 275 investors entered a company along with Malpani Ventures. These include investors like Aniruddha Malpani (10 companies).
- Invested after Malpani Ventures: A total of 84 investors have invested in Malpani Ventures's portfolio after their investments. Top Investors include Vasanth Kumar Muthuvale (2 companies), Shankar Vailaya (2 companies) and Bharat Innovation Fund (1 company).
Recent News related to Malpani Ventures
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Adiabatic Technologies Secures ₹83 Million in Seed Funding for Manufacturing ExpansionMercom India•Aug 05, 2026•Avinya Ventures, Malpani Ventures, Adiabatic, UPES and 3 others
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GVFL and Malpani Ventures lead pre-seed round in DOCOEntrackr•Nov 12, 2025•Doco, Malpani Ventures, Gujarat Venture Finance, and 2 others
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Iyaso Raises USD 500K in Pre-Seed Funding Round Led by Malpani VenturesEnablers•Mar 20, 2025•Iyaso, Malpani Ventures
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Clodura.AI raised $2 M Pre-series A funding from Bharat Innovation FundIncubees•Jun 06, 2024•, Bharat Innovation Fund, Malpani Ventures, Clodura and 3 others
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IntelloSync Secures Pre-Seed Funding from Malpani Ventures, KRS Jamwal and Others to Fuel AI-First LegalTech SaaS for BusinessesAsian News International•Mar 14, 2024•IntelloSync, Malpani Ventures
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Nesa Medtech raises an undisclosed amount in Pre-Series A funding roundMedTech Innovator•Oct 31, 2023•Nesa Medtech, KITVEN, SucSEED Indovation, Malpani Ventures
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Mestastop raises $500k to further its cancer drug discoveryIndiatimes•Oct 20, 2023•Mestastop, Malpani Ventures, 92 Angels
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