About Marathon Edge
Marathon Edge is a venture capital firm founded in 2018. It is primarily based out of Ebene City, Mauritius. As of Jul 2023, Marathon Edge has invested in 3 companies. 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 Retail and FinTech. Most recently it participated in the $***** Seed round of Tripjack Marathon Edge has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Marathon Edge's List of All Investments
Marathon Edge has a portfolio of 3 companies. Their most notable investments are in Tripjack and Ginesys.Their portfolio spans across and India. They have invested in Enterprise Applications, Retail, FinTech and 3 other sectors, across stages such as Series A, Seed stages. Here is the list of all investments by Marathon Edge:
Food franchise specializing in on-the-go waffle sandwiches. The company is known for its freshly baked, eggless waffles with premium fillings, offering a variety of batters and flavors. It also expanded into the FMCG segment, offering ready-to-eat products like pancake and waffle premixes, waffle crisps, and spreads, all eggless and preservative-free.
Key facts about The Belgian Waffle
2. Ginesys
Platform offering cloud-based ERP for retail industry. It offers a suite of solutions for production, warehouse, retail point-of-sale, accounting, and e-commerce management, catering to retail segments. It offers inventory management, procurement management, sales and distribution, warehouse management, production management, finance and accounting, and more.
Key facts about Ginesys
- Founded Year: 2006
- Location: India
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 399 as on May 31, 2026
- Investors: Turning Ideas, Marathon Edge and 1 Other
- Latest Funding Round: Series A, Jun 11, 2019, $*****
- Highlight: Editors' Pick
3. Tripjack
B2B travel technology platform. The platform offers features that includes automated payments, post-booking services, API integration, flight and hotel search, and more. It offers services in flight ticketing, hotel booking, holidays, cruises, travel packages, and travel insurance.
Key facts about Tripjack
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $10.2M
- Employee Count: 830 as on Aug 31, 2025
- Investors: Marathon Edge and 2 Others
- Latest Funding Round: Seed, Jul 05, 2023, $*****
- Highlight: Editors' Pick
Marathon Edge's Year-on-Year Investment Trends
Marathon Edge has invested in 4 companies over the last 7 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Tripjack.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
Marathon Edge's Investments by Stage
Marathon Edge has made 2 investments in Series A stage with an average round size of $7M and 1 investment in Seed stage with an average round size of $10.2M.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Seed | 1 |
Note: We have considered here, only first round of investments
Marathon Edge's Investments by Sector
Marathon Edge has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Food and Agriculture and Retail. Notably, it has invested in 2 Enterprise (B2B) companies, 2 Software companies, 2 Tech companies and at least 1 company focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
Consumer | 1 |
FinTech | 1 |
Food and Agriculture | 1 |
Retail | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Marathon Edge's Investments by Geography
Marathon Edge has made most investments in India (3).Marathon Edge's recent investments
Marathon Edge has not made any investment in 2026 so far.Here are the most recent investments by Marathon Edge:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 05, 2023 | India | Seed | 8293 | - | |
Jan 31, 2022 | India | Series A | 3775 | - | |
Jun 11, 2019 | India | Series A | 3523 | - |
Team profile of Marathon Edge
Marathon Edge has a team of 2 members including 2 Partners located in India. Marathon Edge's team sits on the board of 1 company.Co-investors of Marathon Edge
Over the past 7 years, 3 investors have co-invested in Marathon Edge's portfolio companies. This includes funds and angels.
- Invested after Marathon Edge: A total of 3 investors have invested in Marathon Edge's portfolio after their investments. Top Investors include VIXAR (1 company), Vallabh Bhansali (1 company) and HDFC Mutual Fund (1 company).
Recent News related to Marathon Edge
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PE funds line up to take a bite of Belgian WaffleIndiatimes•Jul 06, 2024•The Belgian Waffle, The Carlyle Group, Bain Capital, Marathon Edge
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Nikhil Raghavan-led Marathon Edge increases stake in portfolio firmVCCircle•Mar 31, 2020•Marathon Edge
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PoS and ERP solutions provider Ginesys raises $10 million from Marathon EdgeTheNewsMinute•Jun 27, 2019•Ginesys, Marathon Edge
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India: Marathon Edge to invest up to $10m in retail software platform GinesysDeal Street Asia•Jun 12, 2019•Ginesys, Bharat Matrimony, Marathon Edge
