About Mela Ventures
Mela Ventures is a venture capital firm founded in 2020. It is primarily based out of Bengaluru, India. As of Aug 2026, Mela Ventures is an active investor, having invested in 17 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 High Tech and Auto Tech. Most recently it participated in the $***** Series A round of Solinas Integrity A lot of funds co-invest with Mela Ventures, with names like 1Crowd sharing a substantial percentage of its portfolio. Mela Ventures has team of 13 people including 2 partners.Key Metrics
Mela Ventures' List of Top Investments
Mela Ventures has a portfolio of 17 companies. Their most notable investments are in General Aeronautics and Knolskape.Their portfolio spans across India, Singapore and United States. They have invested in Enterprise Applications, High Tech, Auto Tech and 12 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Mela Ventures:1. GalaxEye
Manufacturer of satellites combining radar and multispectral imaging sensor technology. These platforms integrate synthetic aperture radar and multispectral sensors to capture fused imagery. This approach provides visual data for observation and analysis regardless of weather conditions or lighting. The hardware supports applications in infrastructure monitoring, agriculture, and defense by delivering aligned data streams from a single orbital platform.
Key facts about GalaxEye
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $24.1M
- Employee Count: 104 as on Mar 31, 2026
- Investors: Yali Capital, Valour Capital and 50 Others
- Latest Funding Round: Series A, Jan 08, 2026, $*****
- Highlight: Editors' Pick
2. FirstHive
Provider of an AI-powered platform for customer data unification and analysis. The platform offers data ingestion, identity resolution, and customer journey orchestration. It facilitates personalized experiences across digital and offline channels. The platform also provides campaign intelligence and optimization through predictive analytics.
Key facts about FirstHive
- Founded Year: 2009
- Location: Atlanta (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $9.13M
- Employee Count: 102 as on Jun 30, 2026
- Investors: Info Edge Ventures, Info Edge and 31 Others
- Latest Funding Round: Series A, Oct 13, 2025, $*****
- Highlight: Editors' Pick
3. Mindgrove
Developer of system on chips for IoT, vision, and edge applications. The company designs chips for use in sectors such as automotive, industrial automation, vision systems, and smart living. Products include processors for edge and computer vision workloads, and low-power SoCs for embedded devices. The company also provides modules and resources such as blogs and news.
Key facts about Mindgrove
- Founded Year: 2021
- Location: Chennai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $10.4M
- Employee Count: 44 as on Jul 31, 2025
- Investors: Rocketship, Peak XV Partners and 11 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
- Highlight: Editors' Pick
4. Flo Mobility
Developer of autonomous robots for material movement, lawn care, and finishing. The company offers robots for automating material handling and wall finishing. Robots are available on a subscription basis, integrating with existing workflows. The company's robots are equipped with sensors for navigation and safety. The robots are designed to reduce manual labor and material wastage.
Key facts about Flo Mobility
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $3.33M
- Employee Count: 34 as on Jun 30, 2026
- Investors: 3F Ventures, LetsVenture and 56 Others
- Latest Funding Round: Seed, Jan 20, 2026, $*****
- Highlight: Editors' Pick
AI-powered surveillance and access control systems. It build high-end Electro-Optic surveillance systems for Strategic and Commercial buyers. Its vision is to become a global leader in providing security solutions to national and international defence and aerospace organizations. The company envisages to become a player of reckoning in homeland security, defense intelligence, surveillance and reconnaissance and machine vision. It offers a suite of products incorporating thermal imaging, multi-spectral capabilities, and advanced weapon sights. Solutions are tailored to meet specific security threats and budgetary constraints, focusing on automated threat detection and minimal human intervention. The technology is applicable to both civilian and defense sectors.
Key facts about Optimized Electrotech
- Founded Year: 2017
- Location: Ahmedabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $16M
- Employee Count: 142 as on Aug 31, 2025
- Investors: BlackSoil, Exfinity Venture Partners and 243 Others
- Latest Funding Round: Series A, Apr 23, 2026, $*****
- Highlight: Editors' Pick
Mela Ventures' Year-on-Year Investment Trends
Mela Ventures has invested in 17 companies over the last 6 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Aug 2026, it has made 4 investments in this year. Its most recent first time investment was in Solinas Integrity and most recent follow-on round was in Optimized Electrotech.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 2 | 4 |
2025 | 2 | 1 | 3 |
2024 | 2 | 1 | 3 |
2023 | 3 | 2 | 5 |
2022 | 5 | 3 | 8 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
Mela Ventures' Investments by Stage
Mela Ventures has made 8 investments in Series A stage with an average round size of $5.35M, 7 investments in Seed stage with an average round size of $1.7M and 2 investments in Series B stage with an average round size of $1.24M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Seed | 7 |
Series B | 2 |
Note: We have considered here, only first round of investments
Mela Ventures' Investments by Sector
Mela Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech, Environment Tech and Sustainability Tech. Notably, it has invested in 17 Enterprise (B2B) companies, 16 Tech companies, 11 Software companies and at least 8 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
High Tech | 9 |
Aerospace, Maritime and Defense Tech | 3 |
Environment Tech | 3 |
Sustainability Tech | 3 |
Others | 18 |
Note: We have considered here, only first round of investments
Mela Ventures' Investments by Geography
Mela Ventures has made most investments in India (15), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 15 |
Singapore | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Mela Ventures' recent investments
Mela Ventures has made 4 investments in 2026 so far. Solinas Integrity and Optimized Electrotech are the latest among them.Here are the most recent investments by Mela Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 06, 2026 | India | Series A | 1126 | [+4] | |
Apr 23, 2026 | India | Series A | 7139 | [+13] | |
Jan 20, 2026 | India | Seed | 8907 | [+5] | |
Jan 08, 2026 | India | Series A | 4039 | [+14] | |
Mar 27, 2025 | India | Series A | 7316 | [+30] |
Team profile of Mela Ventures
Mela Ventures has a team of 13 members including 2 Partners and 3 Principals located in India. Mela Ventures' team sits on the board of 1 company.Here is a list of top team members in Mela Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | |||
Partner | Bengaluru | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - |
Co-investors of Mela Ventures
Over the past 6 years, 747 investors have co-invested in Mela Ventures's portfolio companies. This includes funds and angels.
- Invested before Mela Ventures: LetsVenture, Speciale Invest and 532 others have invested in rounds before Mela Ventures. There are 3 companies where LetsVenture has invested before Mela Ventures and 2 companies where Speciale Invest has invested before Mela Ventures.
- Top Co-investors of Mela Ventures: 146 investors entered a company along with Mela Ventures. These include investors like 1Crowd (3 companies).
- Invested after Mela Ventures: A total of 67 investors have invested in Mela Ventures's portfolio after their investments. Top Investors include Infosys (1 company), Ajay Kumar (1 company) and Raj Sethia (1 company).
Recent News related to Mela Ventures
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Solinas Integrity Raises $5.5 Million in Series A1 Funding Led by Mela VenturesIndia Shorts•Aug 06, 2026•Mela Ventures, Solinas Integrity, Hero Corp
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Optimized Electrotech raises Rs 35 cr led by Exfinity Ventures to fuel space imaging expansionMoneycontrol•Apr 27, 2026•Optimized Electrotech, Venture Catalysts, Exfinity Venture Partners, Blume Ventures and 4 others
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GalaxEye Raises ₹44 Cr In Ongoing Series A Funding RoundStartupNews•Mar 12, 2026•GalaxEye, Speciale Invest, Rainmatter, Eraya Capital and 7 others
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iTuring.ai Secures USD 5 Million in Series A Funding RoundEnablers•Jul 23, 2025•iTuring.ai, Dallas Venture Capital, Mela Ventures
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Goyel & Goyal advises Optimized ElectroTech on $6M Series A fundingBar & Bench•Apr 22, 2025•Optimized Electrotech, Blume Venture, Mela Ventures, Bharat Innovation Fund and 2 others
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VuNet Pockets INR 60 Cr To Help Enterprises Streamline Digital TransactionsInc42•Jan 23, 2025•VuNet Systems, Pravega Ventures, Mela Ventures, Athera and 3 others
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Indian semiconductor firm Mindgrove secures $8m series ATech in Asia•Dec 23, 2024•Mindgrove, Rocketship, Speciale Invest, Mela Ventures and 4 others
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Space startup GalaxEye secures $10 million in series ATech in Asia•Nov 06, 2024•GalaxEye, MountTech Growth Fund, Mela Ventures, Speciale Invest and 8 others
