About NEDFi
NEDFi is a venture capital firm founded in 1995. It is primarily based out of Guwahati, India. As of Sep 2024, NEDFi has invested in 14 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 $***** Series A round of Zerund Manufacturing Overall, NEDFi portfolio has seen 1 unicorn, namely Slice. A lot of funds co-invest with NEDFi, with names like Matterhorn Projects sharing a substantial percentage of its portfolio. NEDFi has team of 81 people including 28 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Unicorns
NEDFi's List of Top Investments
NEDFi has a portfolio of 14 companies, one of which is a Unicorn. Their most notable investments are in North East Small Finance Bank and My3dSelfie.Their portfolio spans across India and United Kingdom. They have invested in Enterprise Applications, High Tech, Consumer and 12 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by NEDFi:
1. Slice
Chains providing digital banking, savings accounts, and UPI credit cards. The banking entity offers a savings account with daily interest that adjusts with the central bank's repo rate, featuring no minimum balance and transparent terms. It also provides a UPI credit card for flexible payments and rewards. Additional features include automatic transaction categorization, spending insights, and secure financial management tools. The entity further offers fixed deposits and various credit products through its network of branches and digital channels.
Key facts about Slice
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2023
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $449M
- Employee Count: 3,381 as on Feb 28, 2026
- Investors: 360 One, Axis Bank and 81 Others
- Latest Funding Round: Series D, Sep 03, 2026, $*****
- Highlight: Editors' Pick
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Key facts about North East Small Finance Bank
- Founded Year: 2011
- Location: Guwahati (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $43.2M
- Employee Count: 2,919 as on Aug 31, 2025
- Investors: SIDBI Venture Capital, Abler Nordic and 39 Others
- Latest Funding Round: Series B, Sep 28, 2022, $*****
3. Notify
Provider of a cloud-based workplace safety platform for employees. The company provides employee communication solutions. It offers NotifyIt, which is a near-miss reporting app, available for Apple and Android devices, helping employees to track near-misses and incidents in the workplace. The report can be annotated with photos and location tags. The company also provides software solutions for incident management and audit & inspections. The company provides an inbuilt dashboard for reporting and viewing incidents. Employees can report an incident based on their location, type of incident, and more using the app-based platform.
Key facts about Notify
- Founded Year: 2017
- Location: Wallsend (United Kingdom)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $6.75M
- Employee Count: 21 as on Mar 31, 2025
- Investors: Calculus Capital, Mercia and 8 Others
- Latest Funding Round: Series A, Jan 31, 2025, $*****
- Highlight: Editors' Pick
Developer and manufacturer of sustainable construction materials. It develops and manufactures eco-friendly construction products using recycled industrial waste and plastic. Its flagship lightweight bricks are designed to reduce construction costs, improve energy efficiency, lower carbon emissions, and divert waste from landfills. It offers plastic-embedded lightweight bricks, non-plastic bricks, adhesives, and premix products, serving residential, commercial, and affordable housing projects. It focuses on sustainable construction by producing high-strength, fire-resistant, and resource-efficient building materials while promoting circular economy principles through large-scale waste recycling and carbon reduction.
Key facts about Zerund Manufacturing
- Founded Year: 2018
- Location: Guwahati (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $2.78M
- Employee Count: 13 as on Dec 31, 2025
- Investors: SIDBI Venture Capital, Dreamweaver Investments and Business solutions and 5 Others
- Latest Funding Round: Series A, Sep 22, 2024, $*****
5. GNRC
Key facts about GNRC
- Founded Year: 1987
- Location: Guwahati (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Early Stage
- Total Funding till date: $4.06M
- Employee Count: 130 as on Jun 30, 2023
- Investors: Avendus, Canbank Venture Capital Fund and 14 Others
- Latest Funding Round: Conventional Debt, Apr 13, 2018, $*****
NEDFi's Year-on-Year Investment Trends
NEDFi has invested in 14 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Zerund Manufacturing and most recent follow-on round was in ERC Lens.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 4 | 0 | 4 |
2021 | 0 | 0 | 0 |
2020 | 2 | 1 | 3 |
2019 | 2 | 0 | 2 |
2018 | 2 | 0 | 2 |
NEDFi's Investments by Stage
NEDFi has made 6 investments in Seed stage with an average round size of $1.09M, 2 investments in Series A stage with an average round size of $1.85M, 2 investments in Series B stage with an average round size of $4.49M and 1 investment in Unattributed stage with an average round size of $2.51M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 2 |
Series B | 2 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
NEDFi's Investments by Sector
NEDFi has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Auto Tech, Consumer Goods and FinTech. Notably, it has invested in 7 Enterprise (B2B) companies, 6 Tech companies, 4 Consumer (B2C) companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Enterprise Applications | 3 |
Auto Tech | 1 |
Consumer Goods | 1 |
FinTech | 1 |
Others | 11 |
Note: We have considered here, only first round of investments
NEDFi's Investments by Geography
NEDFi has made most investments in India (8), followed by United Kingdom where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 8 |
United Kingdom | 3 |
Note: We have considered here, only first round of investments
NEDFi's recent investments
NEDFi has not made any investment in 2026 so far.Here are the most recent investments by NEDFi:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 22, 2024 | India | Series A | 2879 | ||
Apr 08, 2022 | India | Series A | 6672 | [+16] | |
Apr 08, 2022 | India | Seed | 4045 | [+22] | |
Mar 31, 2022 | India | Series B | 8041 | [+3] | |
Mar 31, 2022 | India | Series B | 4902 | [+2] |
Unicorns in NEDFi's Portfolio
NEDFi has 1 unicorn in its portfolio - Slice. The most recent unicorn in their portfolio is Slice which became a unicorn in 2021.Here is a list of unicorns in NEDFi's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | Chains providing digital banking, savings accounts, and UPI credit cards | 2015 | Bengaluru | Series D | odeylwr |
Team profile of NEDFi
NEDFi has a team of 81 members including 28 Partners and 1 Venture Partner located in India. NEDFi's team sits on the board of 3 companies.Here is a list of top team members in NEDFi:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Guwahati | |||
Partner | Guwahati | - | ||
Partner | Guwahati | - | ||
Partner | Guwahati | - | - | |
Partner | Guwahati | - | ||
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of NEDFi
Over the past 8 years, 176 investors have co-invested in NEDFi's portfolio companies. This includes funds and angels.
- Invested before NEDFi: NVCL, Dhirendra Kumar Sinha and 106 others have invested in rounds before NEDFi. There are 2 companies where NVCL has invested before NEDFi and 2 companies where Dhirendra Kumar Sinha has invested before NEDFi.
- Top Co-investors of NEDFi: 33 investors entered a company along with NEDFi. These include investors like Matterhorn Projects (2 companies).
- Invested after NEDFi: A total of 35 investors have invested in NEDFi's portfolio after their investments. Top Investors include Kechangulie Rio (2 companies), Neo Asset Management (1 company) and Stride Ventures (1 company).
Recent News related to NEDFi
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ALMT Legal Advised SIDBI Venture Capital On INR 150 Million Investment In ZerundLegal Era - Legal Media Group•Nov 12, 2024•ALMT Legal, SIDBI Venture Capital, Zerund Manufacturing, NEDFi
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Quickobook Raises 1cr from NVCL, Launches Surgery Care assistance in Guwahati and SilcharGuwahati Times•Sep 09, 2022•Quickobook, NVCL, NEDFi
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Maven Invests Gbp1m In Fintech Platform PockitPrivate Equity Wire•Feb 24, 2021•Maven Capital Partners, Pockit, NEDFi, Europa and 4 others
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£1.75million investment in North East martech firmProlific North•Feb 12, 2021•Leaf Grow, Europa, British Business Bank, Maven Capital Partners and 3 others
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Health and safety software firm closes second funding roundPrivate Equity Wire•Mar 24, 2020•Notify, NEDFi, Mercia
