About Paramark Ventures
Paramark Ventures is a venture capital firm founded in 2021. It is primarily based out of Seoul, South Korea. As of Jun 2026, Paramark Ventures is an active investor, having invested in 21 companies, with 2 new investments in the last 12 months. It primarily invests in Series C 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 B round of FirstClub Overall, Paramark Ventures portfolio has seen 3 unicorns and 1 IPO including key companies like Purplle, Spinny and Wakefit. A lot of funds co-invest with Paramark Ventures, with names like KB Investment sharing a substantial percentage of its portfolio. Paramark Ventures has team of 6 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Seed & 4 more
Portfolio IPOs
Deals in last 12 months
Paramark Ventures' List of Top Investments
Paramark Ventures has a portfolio of 21 companies, including 3 unicorns. Their most notable investments are in Carta Healthcare and Fourier.Their portfolio spans across India and United States. They have invested in Enterprise Applications, Consumer, Retail and 18 other sectors, across stages such as Series B, Seed and 4 more. Here is the list of top investments by Paramark 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: ₹1,000+ 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 Investment Partners and 108 Others
- Latest Funding Round: Series F, Jun 27, 2024, $*****
- Highlight: Editors' Pick
2. Spinny
Retailer of inspected pre-owned vehicles with home delivery service options. This business facilitates the purchase of used automobiles through an online platform and physical hubs. Each vehicle undergoes a technical evaluation to verify its condition before sale. The service includes options for vehicle financing, documentation processing, and home delivery. Customers may return vehicles within a specified timeframe after purchase.
Key facts about Spinny
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $698M
- Employee Count: 5,812 as on May 31, 2026
- Investors: Elevation Capital, WestBridge Capital and 56 Others
- Latest Funding Round: Series G, Dec 12, 2025, $*****
- Highlight: Editors' Pick
3. Kuku FM
Provider of digital audiobooks and podcasts across various entertainment genres. This service distributes audio content including narratives, stories, and informational programs. Users access these materials through a mobile application for listening on personal devices. The library includes content spanning categories such as personal finance, career development, self-help, and historical accounts. The platform functions as a digital repository for spoken-word media.
Key facts about Kuku FM
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $122M
- Employee Count: 245 as on Apr 01, 2026
- Investors: Verlinvest, India Quotient and 66 Others
- Latest Funding Round: Angel, Mar 30, 2026, $*****
- Highlight: Editors' Pick
4. Cashify
Online retailer of refurbished and used consumer electronics and gadgets. It provides options to sell or buy used phones, laptops, smartwatches, tablets, gaming consoles, cameras, and accessories. The business also offers repair services for phones and laptops, addressing issues like screen damage, battery problems, and microphone malfunctions. Additionally, it facilitates the recycling of old devices.
Key facts about Cashify
- Founded Year: 2009
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $140M
- Employee Count: 1,486 as on May 31, 2025
- Investors: Amazon, Prosus and 23 Others
- Latest Funding Round: Series E, Jun 08, 2022, $*****
- Highlight: Editors' Pick
5. Wakefit
Internet first brand company offering sleep and home solutions. Its product range includes mattresses, pillows, beds, sofas, and work desks, and other home furniture products.
Key facts about Wakefit
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $105M
- Employee Count: 2,140 as on Jul 31, 2025
- Investors: Elevation Capital, Verlinvest and 6 Others
- Latest Funding Round: Series D, Jan 13, 2023, $*****
- Highlight: Public
Paramark Ventures' Year-on-Year Investment Trends
Paramark Ventures has invested in 21 companies over the last 4 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 4 investments, while as of Jun 2026, it has made 2 investments in this year. Its most recent first time investment was in Orange Health and most recent follow-on round was in FirstClub.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 2 | 2 | 4 |
2024 | 4 | 1 | 5 |
2023 | 1 | 0 | 1 |
2022 | 9 | 0 | 9 |
Paramark Ventures' Investments by Stage
Paramark Ventures has made 4 investments in Series B stage with an average round size of $24.1M, 3 investments in Seed stage with an average round size of $12.3M and 3 investments in Series C stage with an average round size of $40.2M.Stage of entry | No. of Investments |
|---|---|
Series B | 4 |
Seed | 3 |
Series C | 3 |
Series D | 3 |
Series A | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Paramark Ventures' Investments by Sector
Paramark Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, HealthTech and FinTech. Notably, it has invested in 18 Tech companies, 12 Consumer (B2C) companies, 10 Enterprise (B2B) companies and at least 6 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 7 |
Enterprise Applications | 6 |
Retail | 6 |
HealthTech | 4 |
FinTech | 2 |
Others | 16 |
Note: We have considered here, only first round of investments
Paramark Ventures' Investments by Geography
Paramark Ventures has made most investments in India (13), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
India | 13 |
United States | 4 |
Note: We have considered here, only first round of investments
Paramark Ventures' recent investments
Paramark Ventures has made 2 investments in 2026 so far - FirstClub and Orange Health.Here are the most recent investments by Paramark Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 04, 2026 | India | Series B | 8436 | [+4] | |
May 16, 2026 | India | Series C | 9972 | [+5] | |
Oct 16, 2025 | India | Series C | 4533 | [+6] | |
Sep 04, 2025 | India | Series A | 6464 | [+15] | |
May 08, 2025 | United States | Series B | 8081 | [+8] |
Unicorns in Paramark Ventures' Portfolio
Paramark Ventures has 3 unicorns in its portfolio - Purplle, Slice and Spinny. The most recent unicorn in their portfolio is Purplle. It became a unicorn in 2022.Here is a list of unicorns in Paramark 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 | jzifcjp | ||
64 | Chains providing digital banking, savings accounts, and UPI credit cards | 2016 | Bengaluru | Series C | mvlnlc{ | ||
83 | Retailer of inspected pre-owned vehicles with home delivery service options | 2015 | Gurugram | Series G | jpabkhe |
IPOs and Publicly Listed companies in Paramark Ventures' Portfolio
1 of Paramark Ventures' portfolio company became public - Wakefit. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Dec 2025 at marketcap of $702MHere are Paramark Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 15, 2025 | Jan 13, 2023 | Series D | 3194 |
Team profile of Paramark Ventures
Paramark Ventures has a team of 6 members including 2 Partners and 1 Venture Partner located in India and South Korea. Paramark Ventures' team sits on the board of 1 company.Here is a list of all team members in Paramark Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | |||
Partner | South Korea | - | ||
Venture Partner | Bengaluru | - |
Co-investors of Paramark Ventures
Over the past 4 years, 479 investors have co-invested in Paramark Ventures's portfolio companies. This includes funds and angels.
- Invested before Paramark Ventures: Blume Venture, Peak XV Partners and 313 others have invested in rounds before Paramark Ventures. There are 3 companies where Blume Venture has invested before Paramark Ventures and 3 companies where Peak XV Partners has invested before Paramark Ventures.
- Top Co-investors of Paramark Ventures: 121 investors entered a company along with Paramark Ventures. These include investors like KB Investment (4 companies).
- Invested after Paramark Ventures: A total of 43 investors have invested in Paramark Ventures's portfolio after their investments. Top Investors include Sharrp Ventures (1 company), BlackSoil (1 company) and IFC (1 company).
Recent News related to Paramark Ventures
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FirstClub Raises $55 Million to Deepen Quality-First Premium Quick Commerce PlayLivemint•Jun 04, 2026•Peak XV Partners, Sofina, Aditya Birla, Blume Venture and 6 others
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Shinhan Securities Invests Strategically in Sensor Tower, a US Digital Intelligence FirmKorea Newswire•Oct 24, 2025•Shinhan Securities, Microsoft, SensorTower, Paramark Ventures and 2 others
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Accel-backed FirstClub raises $23 million from existing investorsMoneycontrol•Sep 04, 2025•FirstClub, Fourier, Aditya Birla, Accel and 8 others
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Carta Healthcare Secures $18.25 Million in Series B1 Financingsvdaily.com•May 08, 2025•Carta Healthcare, UPMC Enterprises, MemorialCare Innovation Fund, Rex Health Ventures and 6 others
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Fourier Raises $18.5M to Launch On-Demand Hydrogen Production SystemRenewable Energy Magazine•Apr 03, 2025•Fourier, General Catalyst, Paramark Ventures, Airbus Ventures and 4 others
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Daily Capsule Fresh capital for Geniemode; Third Unicorn in talks to divest CrickPeYourStory•Feb 25, 2025•Geniemode, Multiples Alternate Asset Management, Fundamentum, Paramark Ventures and 7 others
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Geniemode raises over $50M in Series C funding to expand global sourcing operationsYourStory•Feb 24, 2025•Geniemode, Multiples Alternate Asset Management, Fundamentum, Paramark Ventures and 1 other
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Design-led apparel sourcing platform Geniemode raises $50 million in a Series C roundIndian Startup News•Feb 24, 2025•Geniemode, Multiples Alternate Asset Management, Fundamentum, Paramark Ventures and 2 others
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Multiples, others invest USD 50 mn in GeniemodeNewsDrum•Feb 24, 2025•Geniemode, Multiples Alternate Asset Management, Fundamentum, Paramark Ventures and 1 other
