About Physis Capital
Physis Capital is a venture capital firm founded in 2022. It is primarily based out of Gurugram, India. As of Nov 2025, Physis Capital is an active investor, having invested in 7 companies, with 4 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 Enterprise Applications to Consumer and EdTech. Most recently it participated in the $***** Seed round of Elevate Now A lot of funds co-invest with Physis Capital, with names like Gujarat Venture Finance sharing a substantial percentage of its portfolio. Physis Capital 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
Deals in last 12 months
Physis Capital's List of Top Investments
Physis Capital has a portfolio of 7 companies. Their most notable investments are in CTPL and Elevate Now.Their portfolio spans across and India. They have invested in Enterprise Applications, Consumer, EdTech and 5 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Physis Capital:_1578648263290.png?format=webp&height=120&width=120){kind=logo}
1. STAGE
Provider of Indian movies, web series and originals. It offers a variety of content in different languages such as Haryanvi, Rajasthani, Bhojpuri, and Gujarati. The platform provides access to a wide selection of movies and shows across genres like drama, romance, thriller, and comedy.
Key facts about STAGE
- Founded Year: 2019
- Location: Delhi (India)
- Annual Revenue: ₹113Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $23.7M
- Employee Count: 109 as on Aug 31, 2025
- Investors: Blume Venture, Venture Catalysts and 198 Others
- Latest Funding Round: Series B, Dec 13, 2024, $*****
- Highlight: Editors' Pick
2. Recur Club
Provider of debt financing solutions for startups and small to medium enterprises. The company offers various debt products, including ultra-fast debt, secured term loans, and venture debt. It also provides cashflow financing, working capital financing, invoice financing, lease financing, and structured debt. The company serves multiple sectors, including SaaS, tech services, and retail.
Key facts about Recur Club
- Founded Year: 2021
- Location: Delhi (India)
- Annual Revenue: ₹17.6Cr as on Mar 31, 2025
- Stage: Series A
- Total Funding till date: $15.3M
- Employee Count: 81 as on Aug 31, 2025
- Investors: Info Edge Ventures, Lighthouse Canton and 24 Others
- Latest Funding Round: Conventional Debt, Sep 29, 2025, $*****
- Highlight: Editors' Pick
3. Hudle
Provider of platform connecting sports enthusiasts with venues and community. The platform facilitates sports participation by connecting individuals with sports venues and communities. It offers a way for enthusiasts to discover and book venues for various sports, fostering social connections through shared sporting activities. The platform aims to make sports accessible and create communities centered around athletic interests.
Key facts about Hudle
- Founded Year: 2019
- Location: Delhi (India)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $5.85M
- Employee Count: 361 as on May 31, 2025
- Investors: Inflection Point Ventures, Inflection Point Ventures and 197 Others
- Latest Funding Round: Series A, Dec 25, 2025, $*****
- Highlight: Editors' Pick
4. Elevate Now
Provider of medical weight-loss and wellness programs. It offers a medically supervised approach combining therapeutic interventions, habit coaching, nutritional guidance, fitness techniques, and stress management. It offers Allurion gastric balloon for sustainable weight loss and improved long-term health. It also offers personalized plans that are developed following consultations and assessments.
Key facts about Elevate Now
- Founded Year: 2022
- Location: Delhi (India)
- Annual Revenue: ₹4.17Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.88M
- Employee Count: 90 as on Mar 31, 2025
- Investors: Angel List, Inflection Point Ventures and 16 Others
- Latest Funding Round: Seed, Nov 27, 2025, $*****
- Highlight: Editors' Pick
Manufacturer of surgical navigation systems for cranial, spinal, and ENT surgeries. The company provides surgical system platforms designed to meet specific surgical requirements. Its software suite supports cranial, spinal, and ENT procedures. The systems offer tools intended to optimize procedural outcomes.
Key facts about HRS Navigation
Physis Capital's Year-on-Year Investment Trends
In 2025, it made 4 investments. Its most recent first time investment was in Elevate Now.Physis Capital's Investments by Stage
Physis Capital has made 3 investments in Seed stage with an average round size of $3.39M, 3 investments in Series A stage with an average round size of $4.83M and 1 investment in Series B stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Series B | 1 |
Note: We have considered here, only first round of investments
Physis Capital's Investments by Sector
Physis Capital has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, EdTech, FinTech and Financial Services. Notably, it has invested in 6 Tech companies, 5 Enterprise (B2B) companies, 3 Consumer (B2C) companies and at least 3 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Enterprise Applications | 2 |
EdTech | 1 |
FinTech | 1 |
Financial Services | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Physis Capital's Investments by Geography
Physis Capital has made most investments in India (7).Physis Capital's recent investments
Physis Capital has not made any investment in 2026 so far.Here are the most recent investments by Physis Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 27, 2025 | India | Seed | 9921 | ||
Nov 12, 2025 | India | Seed | 3072 | ||
Aug 19, 2025 | India | Series A | 3900 | [+9] | |
May 31, 2025 | India | Series A | 8810 | [+6] | |
Dec 13, 2024 | India | Series B | 8377 | [+26] |
Team profile of Physis Capital
Physis Capital has a team of 11 members including 4 Partners and 2 Principals located in India. Physis Capital's team sits on the board of 2 companies.Here is a list of top team members in Physis Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | India | - | ||
Partner | India | |||
Partner | India | |||
Partner | Bengaluru | - | - | |
Principal | Delhi | - | ||
Principal | Bengaluru | - |
Co-investors of Physis Capital
Over the past 2 years, 513 investors have co-invested in Physis Capital's portfolio companies. This includes funds and angels.
- Invested before Physis Capital: Inflection Point Ventures, Firstport Capital and 467 others have invested in rounds before Physis Capital. There are 4 companies where Inflection Point Ventures has invested before Physis Capital and 3 companies where Firstport Capital has invested before Physis Capital.
- Top Co-investors of Physis Capital: 44 investors entered a company along with Physis Capital. These include investors like Gujarat Venture Finance (2 companies).
Recent News related to Physis Capital
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Surgical Navigation Tech Startup HRS Navigation Raises $5 Mn in Pre Series A Led by GVFL , Physis and Sathguru CatalysersIndianWeb2•Nov 12, 2025•Sathguru Catalysers, Physis Capital, Exim Bank, KITVEN and 3 others
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Recur Club Secures $50 Mn to Enhance Debt Marketplace ExpansionInc42•Sep 29, 2025•Info Edge Ventures, Recur Club, incredevals, U-GRO and 7 others
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Hudle Raises $2.5M in Series A FundingFinSMEs•Jul 21, 2025•Hudle, Physis Capital, Sky Impact Capital, Blue Tokai Coffee Roasters
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Physis Capital Raises INR 200 Crore to Fund Tech Startups by 2025StartupTalky•Jun 18, 2025•Physis Capital
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STAGE Surpasses ₹180 Cr ARR, 4.4M Paying Households; Expands Cultural Footprint with Bhojpuri LaunchAsian News International•Mar 22, 2025•STAGE, Goodwater Capital, Blume Venture, Physis Capital
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STAGE, an Indian Regional OTT Platform, Raises $12.5 Million in Series B FundingTechPortal•Mar 21, 2025•STAGE, Mumbai Angels, Venture Catalysts, Inflection Point Ventures and 6 others
