About NB Ventures
NB Ventures is a venture capital firm founded in 2016. It is primarily based out of Dubai, United Arab Emirates. As of Apr 2025, NB Ventures has invested in 61 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 Consumer and Retail. Most recently it participated in the $***** Seed round of Edgistify Overall, NB Ventures portfolio has seen 1 unicorn, 1 IPO and 8 acquisitions including key companies like Purplle, LetsTransport and Sorted. A lot of funds co-invest with NB Ventures, with names like Nava sharing a substantial percentage of its portfolio. NB Ventures has team of 6 people.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
NB Ventures' List of Top Investments
NB Ventures has a portfolio of 61 companies, one of which is a Unicorn. Their most notable investments are in The Wedding Brigade and ElectricPe.Their portfolio spans across India, United States, United Arab Emirates and 2 more locations. They have invested in Enterprise Applications, Consumer, Retail and 23 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by NB Ventures:1. Purplle
Retailer of beauty and cosmetic products. This omnichannel platform offers a wide range of beauty and grooming items, including makeup, skincare, hair care, and fragrance products. The company provides a personalized shopping experience by recommending items based on individual preferences and purchase behavior. It operates both online and through physical retail outlets to provide a comprehensive selection of beauty solutions. PF = Yes
Key facts about Purplle
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $560M
- Employee Count: 973 as on Jul 31, 2025
- Investors: ADIA, Goldman Sachs and 108 Others
- Latest Funding Round: Series F, Jun 27, 2024, $*****
- Highlight: Editors' Pick
2. Leverage Edu
Company is an AI-native global talent mobility & upskilling platform, helping students and professionals from emerging markets access education and employment opportunities globally. The company has helped 200,000+ individuals over the last 9 years, channelled over $1 billion in forex, aggregated $500 million in education loans, secured 12,000+ student-housing beds, and hosts over a 1000 companies every year at job fairs for its alumni worldwide. For enterprise partners, Leverage Edu also offers LE AI, an AI product suite spanning coaching, interview readiness and quality compliance. The company has also more recently expanded into workforce mobility through Leverage Careers, and into industry-integrated online programmes and certifications through Leverage Upskilling.
Key facts about Leverage Edu
- Founded Year: 2017
- Location: Noida (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $64.6M
- Employee Count: 928 as on May 01, 2026
- Investors: BlackSoil, Avendus and 146 Others
- Latest Funding Round: Series D, Jun 25, 2026, $*****
- Highlight: Editors' Pick
Provider of logistics services for first mile and last mile. Operations include the movement of goods between warehouses, distribution centers, and retail locations. Services facilitate the transport of shipments through various stages of the supply chain. The business manages the distribution of freight using a fleet of vehicles to ensure the movement of cargo from origin to final destination.
Key facts about LetsTransport
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $92.6M
- Employee Count: 773 as on May 31, 2026
- Investors: BlackSoil, Innoven Capital and 70 Others
- Latest Funding Round: Series E, Apr 24, 2024, $*****
- Highlight: Acquired
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4. STAGE
Provider of Indian movies, web series and originals. It offers a variety of content in different languages such as Haryanvi, Rajasthani, Bhojpuri, and Gujarati. The platform provides access to a wide selection of movies and shows across genres like drama, romance, thriller, and comedy.
Key facts about STAGE
- Founded Year: 2019
- Location: Delhi (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $23.7M
- Employee Count: 109 as on Aug 31, 2025
- Investors: GrowthStory, NB Ventures and 203 Others
- Latest Funding Round: Series B, Dec 13, 2024, $*****
- Highlight: Editors' Pick
5. GreyOrange
Provider of warehouse and in-store automation solutions using artificial intelligence. The company offers orchestration platforms, assisted picking robots, and intralogistics automation. It also provides rack-to-person, tote-to-person, and sortation and smart conveying robots. The company serves industries including apparel, retail, consumer electronics, and manufacturing.
Key facts about GreyOrange
- Founded Year: 2012
- Location: Suwanee (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $545M
- Employee Count: 1,166 as on Sep 30, 2026
- Investors: TriplePoint Capital, Mithril and 56 Others
- Latest Funding Round: Series D, Dec 21, 2023, $*****
- Highlight: Editors' Pick
NB Ventures' Year-on-Year Investment Trends
NB Ventures has invested in 61 companies over the last 8 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Edgistify and most recent follow-on round was in Aesthetic.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 5 | 7 | 12 |
2023 | 7 | 1 | 8 |
2022 | 7 | 2 | 9 |
2021 | 7 | 0 | 7 |
2020 | 2 | 0 | 2 |
2019 | 2 | 0 | 2 |
2018 | 2 | 0 | 2 |
NB Ventures' Investments by Stage
NB Ventures has made 14 investments in Seed stage with an average round size of $4.21M, 11 investments in Series A stage with an average round size of $7.82M and 4 investments in Series B stage with an average round size of $5.69M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 11 |
Series B | 4 |
Conventional Debt | 2 |
Series C | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
NB Ventures' Investments by Sector
NB Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Vertical SaaS and Food and Agriculture Tech. Notably, it has invested in 51 Tech companies, 41 Consumer (B2C) companies, 24 Enterprise (B2B) companies and at least 20 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 12 |
Enterprise Applications | 10 |
FinTech | 6 |
Vertical SaaS | 6 |
Food and Agriculture Tech | 5 |
Others | 44 |
Note: We have considered here, only first round of investments
NB Ventures' Investments by Geography
NB Ventures has made most investments in India (29), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 29 |
United States | 3 |
United Arab Emirates | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
NB Ventures' recent investments
NB Ventures has not made any investment in 2026 so far.Here are the most recent investments by NB Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 07, 2025 | India | Seed | 9630 | [+8] | |
Dec 11, 2024 | India | Series B | 5039 | ||
Dec 11, 2024 | India | Series A | 6227 | ||
Oct 07, 2024 | India | Series A | 3584 | [+3] | |
Sep 12, 2024 | India | Seed | 6875 | [+21] |
Unicorns in NB Ventures' Portfolio
NB Ventures has 1 unicorn in its portfolio - Purplle. The most recent unicorn in their portfolio is Purplle which became a unicorn in 2022, 4 years before NB Ventures first invested in it.Here is a list of unicorns in NB Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
85 | Retailer of beauty and cosmetic products | 2012 | Mumbai | Series F | cfunwug |
IPOs and Publicly Listed companies in NB Ventures' Portfolio
1 of NB Ventures' portfolio company became public - Purple Style Labs. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Sep 2026 at marketcap of $488MHere are NB Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 07, 2026 | - | - | 7982 |
Acquired companies in NB Ventures' Portfolio
8 companies from NB Ventures' portfolio have been acquired. The most recent acquisition was Sorted in Apr 2026 by Huboo for $*****.Here are NB Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 28, 2026 | - | - | 7650 | |
Feb 10, 2026 | Apr 24, 2024 | Series E | 9382 | |
Aug 18, 2025 | - | - | 9353 | |
Jul 18, 2025 | - | - | 7192 | |
Apr 23, 2025 | Oct 20, 2021 | Seed | 5142 |
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Team profile of NB Ventures
NB Ventures has a team of 6 members located in United Arab Emirates. NB Ventures' team does not sit on the board of any company as of now.Co-investors of NB Ventures
Over the past 8 years, 1461 investors have co-invested in NB Ventures's portfolio companies. This includes funds and angels.
- Invested before NB Ventures: Blume Venture, Nava and 964 others have invested in rounds before NB Ventures. There are 8 companies where Blume Venture has invested before NB Ventures and 6 companies where Nava has invested before NB Ventures.
- Top Co-investors of NB Ventures: 248 investors entered a company along with NB Ventures. These include investors like Nava (7 companies).
- Invested after NB Ventures: A total of 247 investors have invested in NB Ventures's portfolio after their investments. Top Investors include Stride Ventures (3 companies), Aditum (2 companies) and Innoven Capital (2 companies).
Recent News related to NB Ventures
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Indian wealthtech start-up Centricity secures $20m in seed funding roundFinTech Futures•May 28, 2026•MMG India, Centricity, NB Ventures
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Edgistify Secures $1.4 Mn in Pre-Series A Funding Led by NB Ventures and Rajesh RanavatStartupNews•Jan 12, 2026•Edgistify, Neuberger Berman, NB Ventures
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Ranveer Singh-backed sexual wellness brand Bold Care raises $5M in Series A fundingBEAMSTART•Feb 10, 2025•Bold Care, AVT Group, NB Ventures, Gruhas and 13 others
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Blume Ventures partners with Dubai's NB Ventures for $50 mn India FundVCCircle•Dec 30, 2024•Blume Venture, NB Ventures
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Power Gummies raises Rs 10 Cr led by Jaipuria Family Office and QuadrantEntrackr•Dec 11, 2024•Power Gummies, 100Unicorns, DSG Consumer Partners, Wipro Consumer Care and 6 others
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WickedGud Bags Rs 20 Cr to Expand Retail Presence in IndiaIndian Retailer•Dec 04, 2024•WickedGud, Orios Venture Partners, Asiana Airlines, Asiana Fund and 4 others
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Bold Care to raise Rs 30 Cr in new funding roundEntrackr•Dec 01, 2024•Bold Care, AudaCity Capital, MGA Ventures, Claris Capital and 4 others
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Suraasa raises $6 Mn in new round from Reach Capital, ETS, and othersEntrackr•Oct 17, 2024•Suraasa, TRTL, TSM Ventures, NB Ventures and 2 others
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Edtech startup Suraasa bags $6M funding to solve global teacher shortageYourStory•Oct 16, 2024•Suraasa, Reach Capital, ETS, NB Ventures and 2 others
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Wealth management platform Centricity raises $20 mn in seed round led by LightspeedMoneycontrol•Sep 12, 2024•Centricity, Lightspeed Venture Partners, Paramark Ventures, NB Ventures and 4 others
