About Misfits
Misfits is a venture capital firm founded in 2022. It is primarily based out of Gurugram, India. As of Jan 2026, Misfits has invested in 33 companies. 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 Consumer. Most recently it participated in the $***** Seed round of StepOut Overall, Misfits portfolio has seen 2 unicorns, namely Postman and Dev Rev. A lot of funds co-invest with Misfits, with names like Kunal Shah sharing a substantial percentage of its portfolio. Misfits has team of 16 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Misfits' List of Top Investments
Misfits has a portfolio of 33 companies, including 2 unicorns. Their most notable investments include Spyne.ai and Postman.Their portfolio spans across India, United States, Singapore and 1 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 17 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Misfits:_1573792660959.png?format=webp&height=120&width=120){kind=logo}
1. Spyne.ai
Platform offering AI-powered imaging for vehicle photography. It includes automated photo enhancement, 360° spin capture, background editing, shadow correction, plate masking, and cataloging tools. The platform supports API integration, CRM tools, inventory management, and offers analytics dashboards to streamline visual workflows.
Key facts about Spyne.ai
- Founded Year: 2018
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $27.7M
- Employee Count: 220 as on May 31, 2025
- Investors: Storm Ventures, Smile Group and 57 Others
- Latest Funding Round: Series A, Sep 23, 2024, $*****
- Highlight: Editors' Pick
2. Postman
Provider of platform unifying API design, testing, documentation, monitoring, and discovery. The platform integrates with gateways and Git solutions. It allows defining application programming interfaces collaboratively with support for standards. The platform helps to organize application programming interface requests, collaborate across teams, and automate workflows. It also helps to automate functional, integration, and regression testing across the application programming interface ecosystem.
Key facts about Postman
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $434M
- Employee Count: 273 as on Aug 31, 2025
- Investors: WestBridge Capital, Junipero Capital and 15 Others
- Latest Funding Round: Series D, Aug 18, 2021, $*****
- Highlight: Editors' Pick
3. Dev Rev
Provider of conversational AI solutions for managing business operations. It offers an AI-powered tool for search, customer experience, and support managing efficiency and productivity for enterprises. The solutions integrate with existing tools, providing real-time insights and automated workflows. The platform assist businesses access and utilize data with features such as product development and customer satisfaction management. Its offerings are tailored to support various teams, including startups, support, product, and CIO teams.
Key facts about Dev Rev
- Founded Year: 2020
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $158M
- Employee Count: 896 as on Aug 31, 2026
- Investors: Neythri Futures Fund, Audeo Ventures and 11 Others
- Latest Funding Round: Series A, Jul 10, 2024, $*****
- Highlight: Editors' Pick
4. Zippee
Network of fulfillment centers providing rapid delivery for consumer brands. This infrastructure enables businesses to manage inventory and execute order processing through integrated software systems. The service facilitates the storage of goods in decentralized facilities to support accelerated shipping timelines for online orders. Operations include inventory management, order picking, and packing services to coordinate the movement of products from storage to the final destination.
Key facts about Zippee
- Founded Year: 2021
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $10.7M
- Employee Count: 83 as on May 01, 2026
- Investors: Motherson Group, Dholakia Ventures and 140 Others
- Latest Funding Round: Seed, Sep 04, 2025, $*****
- Highlight: Editors' Pick
5. 30 Sundays
Provider of customized international travel itineraries for romantic couple vacations. The service offers personalized trip planning, including the selection of accommodations, activities, and transportation arrangements. An automated analysis tool evaluates existing travel plans to provide feedback on feasibility and quality. The platform focuses on creating curated experiences for couples by vetting hotels and activities to ensure alignment with specific travel preferences. All travel documentation, including vouchers and tickets, is consolidated within a digital interface to assist with trip management.
Key facts about 30 Sundays
- Founded Year: 2022
- Location: Gurugram (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $8.73M
- Employee Count: 172 as on Mar 31, 2026
- Investors: Info Edge Ventures, First Cheque and 14 Others
- Latest Funding Round: Series A, May 27, 2026, $*****
- Highlight: Editors' Pick
Misfits' Year-on-Year Investment Trends
Misfits has invested in 33 companies over the last 4 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Wobot and most recent follow-on round was in StepOut.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 3 | 0 | 3 |
2024 | 3 | 0 | 3 |
2023 | 3 | 0 | 3 |
2022 | 1 | 0 | 1 |
Misfits' Investments by Stage
Misfits has made 9 investments in Seed stage with an average round size of $1.69M and 1 investment in Series A stage with an average round size of $4.66M.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 1 |
Note: We have considered here, only first round of investments
Misfits' Investments by Sector
Misfits has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Retail and Transportation and Logistics Tech. Notably, it has invested in 32 Tech companies, 20 Enterprise (B2B) companies, 20 Software companies and at least 14 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Consumer | 6 |
Enterprise Applications | 5 |
High Tech | 2 |
Retail | 2 |
Transportation and Logistics Tech | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
Misfits' Investments by Geography
Misfits has made most investments in India (9), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 9 |
Singapore | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Misfits' recent investments
Misfits has made 1 investments in 2026 so far - StepOut.Here are the most recent investments by Misfits:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 21, 2026 | India | Seed | 6857 | [+2] | |
Mar 28, 2025 | United States | Seed | 2254 | [+4] | |
Feb 12, 2025 | India | Seed | 9299 | [+3] | |
Jan 31, 2025 | India | Seed | 5022 | [+7] | |
Jun 25, 2024 | India | Seed | 5687 | [+4] |
Unicorns in Misfits' Portfolio
Misfits has 2 unicorns in its portfolio - Dev Rev and Postman. The most recent unicorn in their portfolio is Dev Rev. It became a unicorn in 2024, 2 years before Misfits first invested in it.Here is a list of unicorns in Misfits' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Provider of conversational AI solutions for managing business operations | 2020 | Palo Alto | Series A | dtvvf{g | ||
72 | Provider of platform unifying API design, testing, documentation, monitoring, and discovery | 2014 | San Francisco | Series D | bu{rmor |
Team profile of Misfits
Misfits has a team of 16 members including 3 Partners and 8 Principals located in India, Singapore and 1 more location. Misfits' team sits on the board of 8 companies.Here is a list of top team members in Misfits:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | India | |||
Partner | India | - | ||
Partner | Mendoza | - | - | |
Principal | Bengaluru | Happay and Newtap Finance | ||
Principal | Gurugram | TrulyMadly and BulBul | ||
Principal | Singapore | |||
Principal | India | |||
Principal | Delhi | - |
Co-investors of Misfits
Over the past 4 years, 304 investors have co-invested in Misfits's portfolio companies. This includes funds and angels.
- Invested before Misfits: Lead Angels, Angel List and 150 others have invested in rounds before Misfits. There are 2 companies where Lead Angels has invested before Misfits and 2 companies where Angel List has invested before Misfits.
- Top Co-investors of Misfits: 106 investors entered a company along with Misfits. These include investors like Kunal Shah (2 companies).
- Invested after Misfits: A total of 46 investors have invested in Misfits's portfolio after their investments. Top Investors include Future Wealth Investments (1 company), God Gift Properties (1 company) and Green Canopy NODE (1 company).
Recent News related to Misfits
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StepOut Raises $1.5 Million in Pre-Series A Funding Led by RainmatterEnablers•Jan 21, 2026•StepOut, Misfits, SucSEED Indovation, Rainmatter and 3 others
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Wealth-tech startup AssetPlus raises Rs 175 Cr led by Nexus Venture PartnersEntrackr•Jan 19, 2026•AssetPlus, Eight Roads Ventures, Rainmatter, Nexus Venture Partners and 6 others
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Farm fresh: Freshly’s quick commerce bet on fruits and vegetablesYourStory•May 26, 2025•Freshly, Misfits, Better Capital
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StepOut has raised USD 500K in a Seed funding round led by Rainmatter.Enablers•Feb 12, 2025•StepOut, Rainmatter, Misfits, IndigoEdge and 4 others
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30 Sundays Raises $770,000 to Revolutionize Holiday Travel with Generative AIBusiness Wire India•Nov 05, 2024•30 Sundays, Info Edge Ventures, First Cheque, Eximius Ventures and 2 others
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Crackle Technologies Raises $1.7 Mn Funding Round from AC VenturesViestories•Sep 10, 2024•Crackle, We Founder Circle, AC Ventures, Sun Icon Ventures and 4 others
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Plus Gold Raises $1.2 Mn From Venture Catalysts, JITO, OthersBW Disrupt•Jun 25, 2024•Plusgold, Venture Catalysts, Signal, JITO Incubation & Innovation Foundation and 3 others
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Drone Startup Skye Air Bags $4 Mn From Mount Judi Ventures, OthersInc42•Jun 11, 2024•Skye Air, Mount Judi Ventures, Chiratae Ventures, Windrose Capital and 6 others
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DecoSynth Secures Significant Venture Funding Round Led by Misfit CapitalThe Globe and Mail•Jul 28, 2023•DecoSynth, Misfits, Misfit Capital
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Zippee Secures $1.6 Million in Funding to Expand Same-Day Delivery ServicesStartup Story•Jun 29, 2023•Zippee, Misfits, Haldirams, FBC and 4 others
