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About NuVentures
NuVentures is a venture capital firm founded in 2014. It is primarily based out of Bengaluru, India. As of Dec 2025, NuVentures is an active investor, having invested in 51 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 Consumer and Retail. Most recently it participated in the $***** Series A round of ClayWorks Overall, NuVentures portfolio has seen 3 unicorns and 10 acquisitions including key companies like ACKO, Perplexity and Bigbasket. A lot of funds co-invest with NuVentures, with names like Venk Krishnan sharing a substantial percentage of its portfolio. NuVentures has team of 11 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
NuVentures' List of Top Investments
NuVentures has a portfolio of 51 companies, including 3 unicorns. Their most notable investments are in Misfits and Adukale.Their portfolio spans across India, United States and Bahrain. They have invested in Enterprise Applications, Consumer, Retail and 19 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by NuVentures:
1. ACKO
Provider of digital insurance products including car, bike, health, life, and travel coverage. The company offers a range of insurance solutions through a digital platform, enabling users to purchase policies and manage claims online. Its offerings include comprehensive coverage for vehicles, health plans for families and individuals, term life insurance, and international travel protection. The service focuses on simplifying the insurance process by providing digital tools for policy management, claim filing, and real-time assistance.
Key facts about ACKO
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $743M
- Employee Count: 1,306 as on Aug 31, 2025
- Investors: Amazon, Multiples Alternate Asset Management and 59 Others
- Latest Funding Round: Series E, Jul 10, 2026, $*****
- Highlight: Editors' Pick
2. Perplexity
AI-powered search and answer generation. It enables users to ask complex questions and receive concise, well-sourced answers synthesized from multiple web sources. The platform combines natural language understanding with real-time web data to provide accurate, context-aware responses.
Key facts about Perplexity
- Founded Year: 2022
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.72B
- Employee Count: 1,370 as on Aug 31, 2026
- Investors: Oceanic Partners, T. Rowe Price and 66 Others
- Latest Funding Round: Angel, Dec 05, 2025, $*****
- Highlight: Editors' Pick
3. Bigbasket
Online retailer of grocery, household, beauty, and personal care products. It provides a selection of food items, cleaning supplies, and personal care products. The business offers delivery options with varied time slots. It also provides an express delivery service for immediate needs in select areas.
Key facts about Bigbasket
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $943M
- Employee Count: 22,095 as on May 31, 2025
- Investors: Helion Venture Partners, LionRock Capital and 64 Others
- Latest Funding Round: Conventional Debt, Nov 20, 2025, $*****
- Highlight: Acquired
4. Scripbox
Platform offering mutual fund investments, financial planning, and wealth growth services. It provides tools for financial planning, personalized investment recommendations, and progress tracking. The platform offers options for investing in both regular and direct mutual funds across various categories, including equity, large cap, mid cap, and multi cap funds. It also provides market insights through newsletters and social media channels.
Key facts about Scripbox
- Founded Year: 2012
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $87.6M
- Employee Count: 398 as on Feb 28, 2025
- Investors: Innoven Capital, Trifecta Capital and 73 Others
- Latest Funding Round: Series D, Jul 15, 2026, $*****
- Highlight: Editors' Pick
5. Foxtale
Online brand of skincare, face, lip, body care, and perfume products. The company offers serums, moisturizers, sunscreens, masks, toners, and cleansers. Body care products include body washes, lotions, and perfumes. The company provides various formulations targeting different skin types and concerns.
Key facts about Foxtale
- Founded Year: 2021
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $56.8M
- Employee Count: 314 as on Aug 31, 2025
- Investors: NuVentures, Panthera and 25 Others
- Latest Funding Round: Series C, Dec 12, 2024, $*****
- Highlight: Editors' Pick
NuVentures' Year-on-Year Investment Trends
NuVentures has invested in 51 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in ClayWorks and most recent follow-on round was in HomeLane.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 2 | 0 | 2 |
2023 | 1 | 1 | 2 |
2022 | 1 | 0 | 1 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 1 | 1 | 2 |
NuVentures' Investments by Stage
NuVentures has made 12 investments in Seed stage with an average round size of $1.5M, 2 investments in Series A stage with an average round size of $1.56M and 1 investment in Series E stage with an average round size of $50.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 2 |
Series E | 1 |
Note: We have considered here, only first round of investments
NuVentures' Investments by Sector
NuVentures has a diverse portfolio, with companies operating in the Consumer, Consumer Goods, Enterprise Applications, FinTech and Food and Agriculture. Notably, it has invested in 42 Tech companies, 31 Consumer (B2C) companies, 20 Enterprise (B2B) companies and at least 18 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Consumer Goods | 3 |
Enterprise Applications | 3 |
FinTech | 3 |
Food and Agriculture | 3 |
Others | 10 |
Note: We have considered here, only first round of investments
NuVentures' Investments by Geography
NuVentures has made most investments in India (13), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 13 |
United States | 3 |
Note: We have considered here, only first round of investments
NuVentures' recent investments
NuVentures has not made any investment in 2026 so far.Here are the most recent investments by NuVentures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 11, 2025 | India | Series A | 7163 | - | |
Sep 08, 2025 | India | Seed | 7940 | [+4] | |
Aug 12, 2024 | India | Seed | 7621 | - | |
Jul 01, 2024 | United States | Seed | 1275 | ||
Nov 20, 2023 | India | Seed | 6277 | [+14] |
Unicorns in NuVentures' Portfolio
NuVentures has 3 unicorns in its portfolio - Perplexity, ACKO and Mu Sigma. The most recent unicorn in their portfolio is Perplexity. It became a unicorn in 2024, 2 years before NuVentures first invested in it.Here is a list of unicorns in NuVentures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
81 | AI-powered search and answer generation | 2022 | San Francisco | Series E | gytorda | ||
85 | Provider of digital insurance products including car, bike, health, life, and travel coverage | 2016 | Bengaluru | Series E | cmfbciz | ||
62 | Visual data analytics platform for enterprises | 2004 | Northbrook | Series C | cnmlsmd |
Acquired companies in NuVentures' Portfolio
10 companies from NuVentures' portfolio have been acquired. The most recent acquisition was Onco in Jul 2025 by Apollo Hospitals for $*****.Here are NuVentures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2025 | - | - | 2649 | |
Mar 19, 2025 | - | - | 3735 | |
Sep 26, 2024 | - | - | 7876 | |
Sep 28, 2023 | Nov 28, 2016 | Series A | 9005 | |
Mar 16, 2023 | Feb 08, 2016 | Seed | 7433 |
Team profile of NuVentures
NuVentures has a team of 11 members including 4 Partners located in United States and India. NuVentures' team does not sit on the board of any company as of now.Here is a list of top team members in NuVentures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York | - | - | |
Partner | Edison | - | - | |
Partner | Lafayette | - | - | |
Partner | Bengaluru | - |
Co-investors of NuVentures
Over the past 11 years, 422 investors have co-invested in NuVentures's portfolio companies. This includes funds and angels.
- Invested before NuVentures: Aprameya Radhakrishna, Accel and 164 others have invested in rounds before NuVentures. There are 3 companies where Aprameya Radhakrishna has invested before NuVentures and 2 companies where Accel has invested before NuVentures.
- Top Co-investors of NuVentures: 125 investors entered a company along with NuVentures. These include investors like Venk Krishnan (6 companies).
- Invested after NuVentures: A total of 131 investors have invested in NuVentures's portfolio after their investments. Top Investors include WestBridge Capital (2 companies), Konark Trust (2 companies) and Anicut Capital (2 companies).
Recent News related to NuVentures
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Misfits Secures Seed Funding to Expand India’s First Prebiotic Soda BrandIndian Retailer•Sep 08, 2025•MisFits, NuVentures, Misfits
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NuVentures invests in AI unicorn Perplexity via secondary transactionYourStory•Aug 15, 2025•Perplexity, NuVentures
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NuVentures unveils $75M fund to back AI startups with India connectYourStory•Mar 27, 2025•NuVentures
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Homevista acquires DesignCafe, raises Rs 225 crBestMediaInfo•Sep 26, 2024•Design Cafe, HomeLane, Hero Corp, Evolvence India and 3 others
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Omni-channel FMCG brand Adukale received investment from NuVenturesIncubees•Aug 17, 2024•Adukale, NuVentures, Force Ventures, Anya Capital
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NuVentures Backs Bengaluru-Based Snacks Brand Adukale in New Fundraising RoundStartup Story•Aug 14, 2024•Adukale, NuVentures, Force Ventures, Accel
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Early-stage investor NuVentures backs snacks brand AdukaleMoneycontrol•Aug 12, 2024•NuVentures, Adukale
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YC-backed Pivot Robots raises funding from NuVenturesEntrackr•Jul 01, 2024•Pivot Robots, NuVentures, https://dev-nuventures.pantheonsite.io
