About Old Well Partners
Old Well Partners is a venture capital firm founded in 2016. It is primarily based out of Charlotte, United States. As of Mar 2022, Old Well Partners has invested in 4 companies. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Retail and FinTech. Most recently it participated in the $***** Series A round of Dukaan Overall, Old Well Partners portfolio has seen 1 unicorn, namely Upgrade. A lot of funds co-invest with Old Well Partners, with names like D Global Ventures sharing a substantial percentage of its portfolio. Old Well Partners has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 1 more
Portfolio Unicorns
Portfolio Soonicorns
Old Well Partners' List of All Investments
Old Well Partners has a portfolio of 4 companies, one of which is a Unicorn. Their most notable investments include Upgrade and Jar.Their portfolio spans across India and United States. They have invested in Enterprise Applications, Retail, FinTech and 1 other sectors, across stages such as Series A, Series B and 1 more. Here is the list of all investments by Old Well Partners:
1. Upgrade
Provider of consumer credit and banking products. It provides users with a financial technology company offering diverse credit and banking products. The company provides personal loans, credit cards, and rewards checking and savings accounts designed to assist individuals in managing their finances. Their offerings aim to provide accessible credit solutions, competitive rates, and rewards for everyday spending. They also include tools for credit monitoring and education to help individuals understand and improve their credit health.
Key facts about Upgrade
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $750M
- Employee Count: 1,552 as on Mar 31, 2026
- Investors: TriplePoint Capital, Dragoneer Investment Group and 42 Others
- Latest Funding Round: Series G, Oct 16, 2025, $*****
- Highlight: Editors' Pick
2. Jar
Platform providing digital gold savings plans and online gold purchases. It facilitates options for daily, weekly, or monthly savings in digital gold. The platform also offers the ability to buy silver and gold jewellery. It provides resources such as calculators for salary and gold values. The platform ensures secure storage of gold in vaults and insurance coverage.
Key facts about Jar
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: ₹2,450Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $63.3M
- Employee Count: 255 as on Aug 31, 2025
- Investors: Staenberg Venture Partners, BlackSoil and 128 Others
- Latest Funding Round: Series B, Dec 14, 2024, $*****
- Highlight: Editors' Pick
3. Dukaan
Platform offering enterprise e-commerce solutions. It offers tools to create and manage online stores, including website and mobile app creation, inventory management, order processing, and shipping integrations. It provides features for managing staff accounts, analyzing business performance, and integrating with third-party plugins to extend functionality. It offers customizable themes and optimized checkout processes to enhance the customer experience.
Key facts about Dukaan
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹10Cr as on Mar 31, 2023
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $23.9M
- Employee Count: 4 as on Aug 31, 2025
- Investors: Lightspeed Venture Partners, Sequoia Capital and 103 Others
- Latest Funding Round: Series A, Aug 13, 2022, $*****
- Highlight: Editors' Pick
4. Salesken
AI powered sales enablement platform for enterprises. The AI predicts deal outcomes for leaders. It coaches sales reps using conversational AI solutions. The platform offers a pitch intelligence feature that provides visibility into customer conversation. The platform generates call transcripts and summaries in real time to assist the sales rep. It caters its solution to industries such as healthcare, education, banking, and more.
Key facts about Salesken
- Founded Year: 2009
- Location: Bengaluru (India)
- Annual Revenue: ₹5.07Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $33M
- Employee Count: 154 as on Jul 01, 2024
- Investors: Flucas Ventures, Evolution VC Partners and 26 Others
- Latest Funding Round: Series B, Mar 31, 2023, $*****
- Highlight: Editors' Pick
Old Well Partners' Year-on-Year Investment Trends
Old Well Partners has invested in 4 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Salesken and most recent follow-on round was in Dukaan.Old Well Partners' Investments by Stage
Old Well Partners has made 2 investments in Series A stage with an average round size of $23.1M, 1 investment in Series B stage with an average round size of $22M and 1 investment in Series F stage with an average round size of $280M.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Series B | 1 |
Series F | 1 |
Note: We have considered here, only first round of investments
Old Well Partners' Investments by Sector
Old Well Partners has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Artificial Intelligence - Industry Applications, Financial Services and Retail. Notably, it has invested in 4 Tech companies, 2 Consumer (B2C) companies, 2 Enterprise (B2B) companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
FinTech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Financial Services | 1 |
Retail | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Old Well Partners' Investments by Geography
Old Well Partners has made most investments in India (3), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 3 |
United States | 1 |
Note: We have considered here, only first round of investments
Old Well Partners' recent investments
Old Well Partners has not made any investment in 2026 so far.Here are the most recent investments by Old Well Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 14, 2022 | India | Series A | 4405 | ||
Nov 22, 2021 | India | Series B | 7171 | [+8] | |
Nov 16, 2021 | United States | Series F | 8463 | [+9] | |
Oct 04, 2021 | India | Series A | 3355 | [+55] | |
Sep 06, 2021 | India | Series A | 3128 | [+37] |
Unicorns in Old Well Partners' Portfolio
Old Well Partners has 1 unicorn in its portfolio - Upgrade. The most recent unicorn in their portfolio is Upgrade which became a unicorn in 2020, 1 years before Old Well Partners first invested in it.Here is a list of unicorns in Old Well Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Provider of consumer credit and banking products | 2016 | San Francisco | Series G | zeyayfr |
Team profile of Old Well Partners
Old Well Partners has a team of 3 members including 2 Partners located in United States. Old Well Partners' team does not sit on the board of any company as of now.Co-investors of Old Well Partners
Over the past 5 years, 238 investors have co-invested in Old Well Partners's portfolio companies. This includes funds and angels.
- Invested before Old Well Partners: Kunal Naresh Shah, Shaan Puri and 108 others have invested in rounds before Old Well Partners. There are 2 companies where Kunal Naresh Shah has invested before Old Well Partners and 2 companies where Shaan Puri has invested before Old Well Partners.
- Top Co-investors of Old Well Partners: 86 investors entered a company along with Old Well Partners. These include investors like D Global Ventures (2 companies).
- Invested after Old Well Partners: A total of 42 investors have invested in Old Well Partners's portfolio after their investments. Top Investors include Neuberger Berman (1 company), LuminArx (1 company) and Prophetic Ventures (1 company).
Recent News related to Old Well Partners
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Financial Technology Company Upgrade Raises $280 MillionFinance Magnates•Nov 17, 2021•DST Global, Coatue, Upgrade, Dragoneer Investment Group and 10 others
•
Dukaan raises $11 Mn in pre-Series A roundEntrackr•Sep 06, 2021•Dukaan, 640 Oxford Ventures, Snow Leopard Ventures, Lightspeed Venture Partners and 13 others
