_1572841417891.png?format=webp&height=120&width=120){kind=logo}
About Pegasus
Pegasus is a venture capital firm founded in 2008. It is primarily based out of Mumbai, India. As of Jul 2026, Pegasus is an active investor, having invested in 23 companies, with 2 new investments 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 Consumer to Enterprise Applications and Retail. Most recently it participated in the $***** Series B round of Age Care Labs Overall, Pegasus portfolio has seen 1 unicorn and 2 acquisitions, namely Zetwerk, Prescinto and JusDivine. A lot of funds co-invest with Pegasus, with names like Shastra sharing a substantial percentage of its portfolio. Pegasus has team of 8 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Pegasus' List of Top Investments
Pegasus has a portfolio of 23 companies, one of which is a Unicorn. Their most notable investments are in CIEL HR and Snapmint.Their portfolio spans across and India. They have invested in Consumer, Enterprise Applications, Retail and 20 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Pegasus:1. CIEL HR
Company offering a complete suite of tech-driven HR solutions, covering the entire employee lifecycle. With 83 offices across 37 locations and more than 1450+ employees, CIEL has served 7000+ companies. It provides value & professional staffing, executive search, selection and RPO by CIEL HR, skilling by CIEL skills & careers, and background verification by vibrant screen. It also provides HR advisory by Ma Foi strategic consultants and people metrics, talent assessment & development by Jombay and Thomas Assessments, Talent Engagement by Jombay, and Learning Experience Platform by Courseplay.
Key facts about CIEL HR
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $15.9M
- Employee Count: 43,809 as on Apr 30, 2026
- Investors: Pegasus, Prime Securities and 151 Others
- Latest Funding Round: Series A, Jan 01, 2026, $*****
- Highlight: Editors' Pick
2. Snapmint
Online retailer of electronics, appliances, fashion, and home and kitchenware. It provides options for customers to purchase items using installment plans. The business facilitates online sales and fraud detection for merchant partners. It offers options for payment and delivery of purchased goods.
Key facts about Snapmint
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $181M
- Employee Count: 98 as on Aug 31, 2025
- Investors: Kalysta Capital, General Atlantic and 178 Others
- Latest Funding Round: Series A, 2025, $*****
- Highlight: Editors' Pick
3. Zetwerk
Manufacturer of industrial components for energy electronics and aerospace sectors. Operations involve the production of fabricated systems for power infrastructure and assembly of vertical integration products. The business provides precision components for defense applications and structural assemblies for industrial use. Additionally, the supply of raw materials for manufacturing operations is managed through a digital platform that coordinates production planning, quality assurance, and logistics tracking.
Key facts about Zetwerk
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.12B
- Employee Count: 975 as on May 31, 2026
- Investors: Baillie Gifford, Toba Capital and 84 Others
- Latest Funding Round: Series F, Mar 26, 2026, $*****
- Highlight: Editors' Pick
4. RED.Health
Provider of fast, reliable, and empathetic care during medical emergencies. The company offers comprehensive coverage nationwide through a network of ambulances and partners. It provides professional support at every step, utilizing technology to ensure rapid response times. The company integrates with smart devices to leverage data for timely assistance, making it easy to navigate emergencies.
Key facts about RED.Health
- Founded Year: 2016
- Location: Hyderabad (India)
- Annual Revenue: SGD 1B+ as on Mar 31, 2024
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $34.3M
- Employee Count: 1,263 as on Aug 31, 2025
- Investors: BlackSoil, 108 Capital and 53 Others
- Latest Funding Round: Series B, Mar 03, 2025, $*****
- Highlight: Editors' Pick
5. Emoha
Provider of holistic in home elder care services and emergency support. It offers membership plans encompassing health support, safety measures, convenience services, and engaging activities for seniors. The plans are designed to address varying levels of need, with add on options available for customized care. It providing immediate assistance through multiple communication channels. The services aim to provide peace of mind for both seniors and the families, facilitating proactive health monitoring and managing age related challenges.
Key facts about Emoha
- Founded Year: 2018
- Location: Gurugram (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $16.4M
- Employee Count: 344 as on Aug 31, 2025
- Investors: Founder Collective, Lumis Partners and 52 Others
- Latest Funding Round: Series B, Feb 27, 2024, $*****
- Highlight: Editors' Pick
Pegasus' Year-on-Year Investment Trends
Pegasus has invested in 23 companies over the last 7 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 3 investments, while as of Jul 2026, it has made 2 investments in this year. Its most recent first time investment was in Age Care Labs and most recent follow-on round was in Snapmint.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 2 | 1 | 3 |
2024 | 7 | 3 | 10 |
2023 | 2 | 0 | 2 |
2022 | 0 | 3 | 3 |
2021 | 1 | 2 | 3 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
Pegasus' Investments by Stage
Pegasus has made 8 investments in Seed stage with an average round size of $1.46M, 5 investments in Series A stage with an average round size of $4.13M, 3 investments in Series B stage with an average round size of $4.18M and 1 investment in Series F stage with an average round size of $16.6M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Series A | 5 |
Series B | 3 |
Series F | 1 |
Note: We have considered here, only first round of investments
Pegasus' Investments by Sector
Pegasus has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Environment Tech and Sustainability Tech. Notably, it has invested in 17 Tech companies, 14 Consumer (B2C) companies, 11 Enterprise (B2B) companies and at least 7 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 7 |
Enterprise Applications | 5 |
Retail | 5 |
Environment Tech | 4 |
Sustainability Tech | 4 |
Others | 24 |
Note: We have considered here, only first round of investments
Pegasus' Investments by Geography
Pegasus has made most investments in India (17).Pegasus' recent investments
Pegasus has made 2 investments in 2026 so far - Age Care Labs and CIEL HR.Here are the most recent investments by Pegasus:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 02, 2026 | India | Series B | 5777 | [+1] | |
Jan 01, 2026 | India | Series A | 1210 | [+85] | |
Jun 03, 2025 | India | Seed | 3057 | [+3] | |
May 03, 2025 | India | Series B | 7486 | [+60] | |
Mar 06, 2025 | India | Series F | 5722 |
Unicorns in Pegasus' Portfolio
Pegasus has 1 unicorn in its portfolio - Zetwerk. The most recent unicorn in their portfolio is Zetwerk which became a unicorn in 2021, 3 years before Pegasus first invested in it.Here is a list of unicorns in Pegasus' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Manufacturer of industrial components for energy electronics and aerospace sectors | 2018 | Bengaluru | Series F | yhhqeng |
Acquired companies in Pegasus' Portfolio
2 companies from Pegasus' portfolio have been acquired. The most recent acquisition was Prescinto in Oct 2024 by IBM for $*****.Here are Pegasus' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 15, 2024 | Mar 17, 2021 | Seed | 8404 | |
Mar 07, 2017 | - | - | 9312 |
Team profile of Pegasus
Pegasus has a team of 8 members including 3 Partners located in India. Pegasus' team does not sit on the board of any company as of now.Here is a list of all team members in Pegasus:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | Mumbai | - | - | |
Partner | Thane | - |
Co-investors of Pegasus
Over the past 7 years, 766 investors have co-invested in Pegasus's portfolio companies. This includes funds and angels.
- Invested before Pegasus: Kae Capital, Kalysta Capital and 425 others have invested in rounds before Pegasus. There are 2 companies where Kae Capital has invested before Pegasus and 2 companies where Kalysta Capital has invested before Pegasus.
- Top Co-investors of Pegasus: 195 investors entered a company along with Pegasus. These include investors like Shastra (2 companies).
- Invested after Pegasus: A total of 144 investors have invested in Pegasus's portfolio after their investments. Top Investors include BlackSoil (2 companies), 360 One (2 companies) and We Founder Circle (2 companies).
Recent News related to Pegasus
•
Age Care Labs Secures ₹85 Crore in Series B1 Funding RoundIndiaMedToday•Jul 02, 2026•Emoha, Rainmatter, Shrem, Pegasus
•
Fintech startup Snapmint raises $18 Mn in debt and equityEntrackr•Dec 12, 2024•Snapmint, Perpetuity Ventures, Pegasus, Prudent Investment Managers
•
FinTech Funding November 2024: Indian FinTechs raised USD 130 mln, ET BFSIIndiatimes•Dec 03, 2024•SarvaGram, Peak XV Partners, Elevar Equity, Elevation Capital and 11 others
•
Easy Bags $35 Mn To Offer Mortgage-Backed Loans To Home BuyersInc42•Nov 06, 2024•Easy Home Finance, Clay Capital, Sumitomo Mitsui Banking Corporation, Xponentia Capital and 5 others
•
ZEVO raises $2 million in funding to deploy 5,000 electric vehiclesIndian Startup News•Oct 03, 2024•ZEVO, Pegasus, BizdateUp, JITO Incubation & Innovation Foundation
•
Emobility Startup ZEVO Nets $2 Mn From BizDateUp, OthersInc42•Oct 03, 2024•ZEVO, BizdateUp, Pegasus, JITO Incubation & Innovation Foundation
•
Indian AI firm, Tardid Technologies secures strategic investment for global expansionFinancial Express•Mar 06, 2024•Tardid, Pegasus, Samarthya Investment Advisors
•
Msme-focused Wholesale Platform Lal10 Raises $5.5m In Pre-series A RoundYourStory•Jul 19, 2022•Lal10, Yuj, Beyond Capital Ventures, Spiral Ventures and 6 others
•
Healthcare startup StanPlus raises $20 million in Series A funding - The Hindu BusinessLineBusiness Line•Jan 24, 2022•RED.Health, Marquee Equity, Kalaari Capital, HealthXCapital and 8 others
•
Bhagwandas Retail Pvt. Ltd’s $1.1 Million Pre-Series A Raising FoundGlobal Legal Chronicle•May 06, 2020•Legasis Partners, Pegasus
