About Mars Growth Capital
Mars Growth Capital is a venture capital firm founded in 2020. It is primarily based out of Singapore, Singapore. As of Jun 2025, Mars Growth Capital has invested in 45 companies. It primarily invests in Conventional Debt round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and Consumer. Most recently it participated in the $***** Conventional Debt round of Infra.Market Overall, Mars Growth Capital portfolio has seen 3 unicorns, 3 IPOs and 8 acquisitions including key companies like eToro, Meesho and Zetwerk. A lot of funds co-invest with Mars Growth Capital, with names like Liquidity sharing a substantial percentage of its portfolio. Mars Growth Capital has team of 26 people including 10 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Conventional Debt, Series D & 6 more
Portfolio Unicorns
Portfolio Soonicorns
Mars Growth Capital's List of Top Investments
Mars Growth Capital has a portfolio of 45 companies, including 3 unicorns. Their most notable investments are in HungryPanda Panda Takeaway and Speedoc.Their portfolio spans across India, United States, United Kingdom and 11 more locations. They have invested in Enterprise Applications, Retail, Consumer and 20 other sectors, across stages such as Conventional Debt, Series D and 6 more. Here is the list of top investments by Mars Growth Capital:
1. eToro
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs. It enables users to copy the traders of the community and also helps traders to earn extra income by sharing portfolios. It allows trading in stocks, ETFs, indices, currencies, and commodities.
Key facts about eToro
- Founded Year: 2007
- Location: Tel Aviv (Israel)
- Annual Revenue: $1B+ as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $423M
- Employee Count: 2,713 as on Sep 30, 2026
- Investors: Galtymore Partners, West Coast Equity Partners and 47 Others
- Latest Funding Round: Series F, Mar 21, 2023, $*****
- Highlight: Public
2. Meesho
Online marketplace providing a platform for individuals and small businesses to sell products across various categories. It is an online shopping platform offering a wide range of products, including fashion, electronics, and home essentials, at affordable prices. It enables individuals to start their online stores without any investment and offers a platform for small businesses to sell their products.
Key facts about Meesho
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $1.63B
- Employee Count: 2,082 as on Mar 31, 2025
- Investors: WestBridge Capital, Fidelity Investments and 41 Others
- Latest Funding Round: Series F, Jan 27, 2025, $*****
- Highlight: Public
3. Disprz
Provider of AI-powered learning experience management, and enablement platform. The platform offers personalized skilling, frontline enablement, and mobile learning. It features generative skilling, content hubs, and decision support dashboards. The platform supports employee onboarding, performance enablement, talent development, and compliance training. It also provides tools for assessment generation, content summarization, and pathway authoring.
Key facts about Disprz
- Founded Year: 2015
- Location: West Orange (United States)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $52.1M
- Employee Count: 325 as on Sep 30, 2026
- Investors: Kalysta Capital, 360 One and 40 Others
- Latest Funding Round: Series C, May 26, 2023, $*****
- Highlight: Editors' Pick
4. Zetwerk
Manufacturer of industrial components for energy electronics and aerospace sectors. Operations involve the production of fabricated systems for power infrastructure and assembly of vertical integration products. The business provides precision components for defense applications and structural assemblies for industrial use. Additionally, the supply of raw materials for manufacturing operations is managed through a digital platform that coordinates production planning, quality assurance, and logistics tracking.
Key facts about Zetwerk
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $931M
- Employee Count: 975 as on May 31, 2026
- Investors: Baillie Gifford, Toba Capital and 85 Others
- Latest Funding Round: Series F, Mar 26, 2026, $*****
- Highlight: Public
5. Healthians
Online platform for at-home diagnostic tests and health checkups. It offers full body checkups and blood tests with home sample collection and report counseling. The platform leverages technologies to deliver at-home diagnostic tests, scan tests, and doctor consultations for customized diet-cum-nutrition plans. It is an online platform providing at-home diagnostic health test services, leveraging a technology-driven healthcare matrix to deliver quick and accurate medical checkups. It facilitates free home sample collection and smart reports from NABL-accredited labs, offering real-time updates to users.
Key facts about Healthians
- Founded Year: 2013
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $80.1M
- Employee Count: 1,730 as on Oct 31, 2025
- Investors: WestBridge Capital, Evolvence Equity Partners and 63 Others
- Latest Funding Round: Grant (prize money), 2022, $*****
- Highlight: Editors' Pick
Mars Growth Capital's Year-on-Year Investment Trends
Mars Growth Capital has invested in 45 companies over the last 5 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in HungryPanda Panda Takeaway and most recent follow-on round was in Infra.Market.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 2 | 2 |
2024 | 4 | 1 | 5 |
2023 | 5 | 0 | 5 |
2022 | 9 | 0 | 9 |
2021 | 9 | 0 | 9 |
Mars Growth Capital's Investments by Stage
Mars Growth Capital has made 14 investments in Conventional Debt stage with an average round size of $22.3M, 4 investments in Series D stage with an average round size of $43.5M and 2 investments in Series A stage with an average round size of $15M.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 14 |
Series D | 4 |
Series A | 2 |
Series B | 2 |
Series C | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
Mars Growth Capital's Investments by Sector
Mars Growth Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, FinTech and Gig Economy. Notably, it has invested in 43 Tech companies, 35 Enterprise (B2B) companies, 24 Software companies and at least 19 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 15 |
Consumer | 9 |
Retail | 7 |
FinTech | 6 |
Gig Economy | 6 |
Others | 25 |
Note: We have considered here, only first round of investments
Mars Growth Capital's Investments by Geography
Mars Growth Capital has made most investments in India (9), followed by Australia where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 9 |
Australia | 3 |
United Kingdom | 3 |
United States | 3 |
Germany | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
Mars Growth Capital's recent investments
Mars Growth Capital has not made any investment in 2026 so far.Here are the most recent investments by Mars Growth Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 30, 2025 | India | Conventional Debt | 8914 | - | |
Jan 27, 2025 | India | Series F | 3635 | ||
Sep 30, 2024 | United Kingdom | Series D | 9622 | [+3] | |
Sep 11, 2024 | India | Conventional Debt | 5170 | - | |
Sep 09, 2024 | Germany | Series D | 4160 | - |
Unicorns in Mars Growth Capital's Portfolio
Mars Growth Capital has 3 unicorns in its portfolio - Omise, Infra.Market and InMobi. The most recent unicorn in their portfolio is Omise. It became a unicorn in 2022.Here is a list of unicorns in Mars Growth Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Provider of payment solutions and processing technology for businesses and platforms | 2013 | Bangkok | Series C | roahbvr | ||
69 | Manufacturer of building materials for construction and infrastructure project requirements | 2016 | Thane | Series G | hbfypvk | ||
72 | Provider of advertising solutions and platforms for brand building and growth | 2007 | Bengaluru | Series D | ieushbn |
IPOs and Publicly Listed companies in Mars Growth Capital's Portfolio
3 of Mars Growth Capital's portfolio companies have become public. Zetwerk got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2026 at marketcap of $2.69B and Meesho got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $5.57B.Here are Mars Growth Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 23, 2026 | Jun 23, 2021 | Conventional Debt | 5985 | |
Dec 10, 2025 | Apr 16, 2024 | Series F | 2674 | |
May 14, 2025 | - | - | 3363 |
Acquired companies in Mars Growth Capital's Portfolio
8 companies from Mars Growth Capital's portfolio have been acquired. The most recent acquisition was Habyt in Apr 2026 by Hmlet for $*****.Here are Mars Growth Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 28, 2026 | Sep 09, 2024 | Series D | 1665 | |
Apr 24, 2025 | - | - | 7687 | |
Jan 16, 2025 | - | - | 6443 | |
Mar 13, 2024 | - | - | 7585 | |
Mar 10, 2023 | Oct 04, 2022 | Conventional Debt | 1743 |
Team profile of Mars Growth Capital
Mars Growth Capital has a team of 26 members including 10 Partners located in Singapore, Israel and 2 more locations. Mars Growth Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Mars Growth Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United States | - | - | |
Partner | Singapore | - | - | |
Partner | Tel Aviv Yafo | - | - | |
Partner | Japan | - | - | |
Partner | Tel Aviv | - | - | |
Partner | Singapore | - | - | |
Partner | Tel Aviv | - | - | |
Partner | Tokyo | - | - | |
Partner | Singapore | - | - | |
Partner | Singapore | - | - |
Co-investors of Mars Growth Capital
Over the past 5 years, 733 investors have co-invested in Mars Growth Capital's portfolio companies. This includes funds and angels.
- Invested before Mars Growth Capital: Trifecta Capital, Innoven Capital and 385 others have invested in rounds before Mars Growth Capital. There are 4 companies where Trifecta Capital has invested before Mars Growth Capital and 4 companies where Innoven Capital has invested before Mars Growth Capital.
- Top Co-investors of Mars Growth Capital: 26 investors entered a company along with Mars Growth Capital. These include investors like Liquidity (2 companies).
- Invested after Mars Growth Capital: A total of 320 investors have invested in Mars Growth Capital's portfolio after their investments. Top Investors include 360 One (2 companies), PSG (2 companies) and Think Investments (1 company).
Recent News related to Mars Growth Capital
•
NALA Secures $50 Million Facility to Scale Global Stablecoin Payments InfrastructureTechMoran•May 29, 2026•NALA, Mars Growth Capital
•
Nala Secures $50 Million Credit Line to Expand Stablecoin Payment NetworkTechCabal•May 28, 2026•Liquidity Group, NALA, MUFG Bank, Mars Growth Capital and 2 others
•
Eruditus secures $150 Mn refinancing led by Mars Growth Capital and HSBC amid dry edtech funding environmentEntrackr•Sep 11, 2025•Mars Growth Capital, Eruditus, HSBC
•
Edtech startup Eruditus to raise $15 million from MARS GrowthIndian Startup News•Sep 10, 2025•Mars Growth Capital, Eruditus
•
Maharashtra's Startup Momentum Grows with $1.4B in H1 2025
Siliconindia•Jul 25, 2025•Magma General Insurance, DS Group, Patanjali Ayurved, Blume Venture and 8 others
•
Maharashtra tech ecosystem funding rises 8% to $1.4 billion in H1 2025Indian Startup News•Jul 24, 2025•Magma General Insurance, DS Group, Patanjali Ayurved, Zaggle and 12 others
•
MUFG-backed building materials platform Infra.Market nets $150mTech in Asia•Jun 30, 2025•Infra.Market, Mars Growth Capital
•
Infra.Market Raises $50 Mn Debt From Mars Growth Capital Preparing for IPOInc42•Jun 30, 2025•Infra.Market, Mars Growth Capital
•
Infra.Market secures $50M to boost construction materials businessIndiatimes•Jun 30, 2025•Infra.Market, Mars Growth Capital
•
Meesho Closes Another $250-270 Mn RoundInc42•Jan 27, 2025•Meesho, Tiger Global Management, Think Investments, Mars Growth Capital and 2 others
