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 Jan 2026, NB Ventures is an active investor, having invested in 60 companies, with 1 new investment 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 Retail and Consumer. Most recently it participated in the $***** Seed round of Edgistify Overall, NB Ventures portfolio has seen 1 unicorn and 8 acquisitions including key companies like Purplle, LetsTransport and Mumzworld. A lot of funds co-invest with NB Ventures, with names like Nava Limited sharing a substantial percentage of its portfolio. NB Ventures has team of 6 people.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
NB Ventures' List of Top Investments
NB Ventures has a portfolio of 60 companies, one of which is a Unicorn. Their most notable investments are in ElectricPe and The Wedding Brigade.Their portfolio spans across India, United States, United Arab Emirates and 2 more locations. They have invested in Enterprise Applications, Retail, Consumer 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
Brand of beauty and cosmetic products. It provides a platform for browsing and purchasing items from various categories. It offers resources such as a help center with FAQs and order tracking. The platform supports secure payments with major credit and debit cards. It offers a range of beauty and personal care products, including cosmetics, skincare, haircare, fragrances, and wellness items.
Key facts about Purplle
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹1,410Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $558M
- Employee Count: 973 as on Jul 31, 2025
- Investors: ADIA, Goldman Sachs and 107 Others
- Latest Funding Round: Series F, Jun 27, 2024, $*****
- Highlight: Editors' Pick
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2. 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: ₹113Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $23.8M
- Employee Count: 109 as on Aug 31, 2025
- Investors: Goodwater Capital, NB Ventures and 198 Others
- Latest Funding Round: Series B, Dec 13, 2024, $*****
- Highlight: Editors' Pick
Provider of managed logistics services including first-mile, mid-mile, and last-mile delivery. The company offers customized solutions for various shipping needs, including per packet, per tonne, and per unit. It provides end-to-end management of delivery services.
Key facts about LetsTransport
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹530Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $92.6M
- Employee Count: 490 as on Aug 31, 2025
- Investors: GMO Venture Partners, BlackSoil and 69 Others
- Latest Funding Round: Series E, Apr 24, 2024, $*****
- Highlight: Acquired
4. Idfy
Provider of a platform for identity verification and risk management. The platform offers tools for customer and workforce governance throughout their lifecycle. It focuses on frictionless onboarding, verifiable identities, and faster revenue generation. The platform aims to reduce onboarding friction, prevent fraud, and accelerate time-to-revenue. It helps detect and mitigate risk in real time, reducing financial and operational losses. The platform also transforms compliance into a growth engine through centralized automation.
Key facts about Idfy
- Founded Year: 2011
- Location: Mumbai (India)
- Annual Revenue: ₹191Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $62.7M
- Employee Count: 697 as on Aug 31, 2025
- Investors: Trifecta Capital, TransUnion and 40 Others
- Latest Funding Round: Series F, Feb 13, 2026, $*****
- 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: 1,051 as on Mar 31, 2026
- Investors: TriplePoint Capital, BlackRock 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 60 companies over the last 8 years, with an average of 5 new investments annually in the last 5 years. As of Jan 2026, it has made 1 investment in this year. 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) | 1 | 0 | 1 |
2025 | 0 | 0 | 0 |
2024 | 4 | 7 | 11 |
2023 | 6 | 1 | 7 |
2022 | 8 | 2 | 10 |
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 $7.72M and 3 investments in Series B stage with an average round size of $8.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 11 |
Series B | 3 |
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 50 Tech companies, 41 Consumer (B2C) companies, 21 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 | 46 |
Note: We have considered here, only first round of investments
NB Ventures' Investments by Geography
NB Ventures has made most investments in India (27), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 27 |
United States | 3 |
United Kingdom | 2 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
NB Ventures' recent investments
NB Ventures has made 1 investments in 2026 so far - Edgistify.Here are the most recent investments by NB Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 12, 2026 | India | Seed | 7072 | [+3] | |
Dec 11, 2024 | India | Series B | 9504 | ||
Oct 07, 2024 | India | Series A | 1017 | [+3] | |
Sep 12, 2024 | India | Seed | 5468 | [+21] | |
Jul 30, 2024 | India | Seed | 5134 |
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, 3 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 | Brand of beauty and cosmetic products | 2012 | Mumbai | Series F | naxvosg |
Acquired companies in NB Ventures' Portfolio
8 companies from NB Ventures' portfolio have been acquired. The most recent acquisition were LetsTransport in Feb 2026 by Bertelsmann Investments.Here are NB Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 10, 2026 | Apr 24, 2024 | Series E | 2426 | |
Aug 18, 2025 | - | - | 6408 | |
Jul 18, 2025 | - | - | 8873 | |
Apr 23, 2025 | Oct 20, 2021 | Seed | 9921 | |
Feb 06, 2024 | - | - | 9589 |
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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, 1422 investors have co-invested in NB Ventures's portfolio companies. This includes funds and angels.
- Invested before NB Ventures: Blume Venture, Nava Limited and 985 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 Limited has invested before NB Ventures.
- Top Co-investors of NB Ventures: 240 investors entered a company along with NB Ventures. These include investors like Nava Limited (7 companies).
- Invested after NB Ventures: A total of 195 investors have invested in NB Ventures's portfolio after their investments. Top Investors include LetsVenture (2 companies), Invstt (2 companies) and Aman Gupta (1 company).
Recent News related to 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
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ElectricPe raises $3 mn pre-Series A funding led by Green Frontier CapitalIndiatimes•Jul 30, 2024•ElectricPe, Green Frontier Capital, Blume Venture, Micelio and 1 other
