About Pravega Ventures
Pravega Ventures is a venture capital firm founded in 2016. It is primarily based out of Bengaluru, India. As of Jul 2026, Pravega Ventures is an active investor, having invested in 37 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 Enterprise Applications to Consumer and FinTech. Most recently it participated in the $***** Seed round of Blurgs Overall, Pravega Ventures portfolio has seen 1 unicorn and 2 acquisitions, namely Innovaccer, Fyle and GreyAtom. A lot of funds co-invest with Pravega Ventures, with names like Beenext sharing a substantial percentage of its portfolio. Pravega Ventures has team of 14 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
Portfolio Soonicorns
Pravega Ventures' List of Top Investments
Pravega Ventures has a portfolio of 37 companies, one of which is a Unicorn. Their most notable investments are in Sorted AI and Fyle.Their portfolio spans across India, United States, Singapore and 1 more locations. They have invested in Enterprise Applications, Consumer, FinTech and 20 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Pravega Ventures:
1. Innovaccer
Developer of healthcare data platforms and artificial intelligence agent software. This technology unifies clinical, operational, and financial information from disparate systems to support decision-making. The platform provides tools for population health management, revenue cycle automation, and quality performance tracking. It enables the deployment of automated assistants to streamline administrative workflows, manage patient outreach, and facilitate care coordination across various healthcare settings. The system integrates non-electronic health record data to improve documentation accuracy and support value-based care initiatives.
Key facts about Innovaccer
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $675M
- Employee Count: 1,201 as on Apr 30, 2026
- Investors: Dragoneer Investment Group, Generation Investment Management and 36 Others
- Latest Funding Round: Series F, Jan 09, 2025, $*****
- Highlight: Editors' Pick
2. Cityflo
Operator of app based bus services for daily office commutes. This service provides scheduled transportation for individuals traveling between residential areas and workplaces. Passengers use a mobile application to reserve seats, track vehicle locations, and manage travel schedules. The service utilizes air conditioned buses to transport commuters along fixed routes with designated stops. Users can select from various subscription plans to accommodate different work schedules.
Key facts about Cityflo
- Founded Year: 2015
- Location: Thane (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $14.7M
- Employee Count: 177 as on Jul 31, 2025
- Investors: Chiratae Ventures, LetsVenture and 51 Others
- Latest Funding Round: Series B, Oct 18, 2023, $*****
- Highlight: Editors' Pick
3. Fyle
Provider of expense management software automating receipt tracking and reconciliation. The software offers features such as real-time receipt submission, expense tracking, and automated approvals. It provides tools for budget configuration, reporting, and spend control. The platform integrates with accounting software, streamlining expense data synchronization. It offers a mobile application for expense management on the go.
Key facts about Fyle
- Founded Year: 2016
- Location: Newark (United States)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $15.4M
- Employee Count: 143 as on Jul 31, 2025
- Investors: ABG Capital, Steadview and 24 Others
- Latest Funding Round: Series A, Oct 21, 2022, $*****
- Highlight: Acquired
4. Mintoak
Digital payments and engagement solutions for MSMEs. The company provides omnichannel payment solutions, a smart processing solution, tools for retailers to track credit transactions, and more. It also offers services like customer recognition, feedback and ratings, analytics, insights, and more.
Key facts about Mintoak
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $30.6M
- Employee Count: 146 as on Aug 31, 2025
- Investors: PayPal, Z3Partners and 18 Others
- Latest Funding Round: Series A, Dec 11, 2025, $*****
- Highlight: Editors' Pick
5. Otipy
Online platform offering grocery products through a digital storefront. It provides a variety of food items, household essentials, and pantry staples for everyday needs. Thd product catalog includes vegetables, fruits, dairy items, eggs, breads, and more.
Key facts about Otipy
- Founded Year: 2020
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Stage: Series B
- Total Funding till date: $44.2M
- Employee Count: 284 as on May 31, 2026
- Investors: WestBridge Capital, Smile Group and 14 Others
- Latest Funding Round: Venture Debt, Mar 17, 2025, $*****
- Highlight: Editors' Pick
Pravega Ventures' Year-on-Year Investment Trends
Pravega Ventures has invested in 37 companies over the last 10 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 7 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in Blurgs and most recent follow-on round was in ChefKart.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 3 | 4 | 7 |
2024 | 1 | 4 | 5 |
2023 | 4 | 5 | 9 |
2022 | 2 | 2 | 4 |
2021 | 5 | 6 | 11 |
2020 | 4 | 2 | 6 |
2019 | 1 | 5 | 6 |
2018 | 0 | 6 | 6 |
2017 | 4 | 0 | 4 |
Pravega Ventures' Investments by Stage
Pravega Ventures has made 23 investments in Seed stage with an average round size of $1.44M, 8 investments in Series A stage with an average round size of $7.13M and 1 investment in Series B stage with an average round size of $6.94M.Stage of entry | No. of Investments |
|---|---|
Seed | 23 |
Series A | 8 |
Series B | 1 |
Note: We have considered here, only first round of investments
Pravega Ventures' Investments by Sector
Pravega Ventures has a diverse portfolio, with companies operating in the FinTech, Consumer, Enterprise Applications, Financial Services and Vertical SaaS. Notably, it has invested in 36 Tech companies, 29 Enterprise (B2B) companies, 22 Software companies and at least 21 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 15 |
Consumer | 13 |
Enterprise Applications | 10 |
Financial Services | 6 |
Vertical SaaS | 5 |
Others | 35 |
Note: We have considered here, only first round of investments
Pravega Ventures' Investments by Geography
Pravega Ventures has made most investments in India (29), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
India | 29 |
United States | 4 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
Pravega Ventures' recent investments
Pravega Ventures has made 3 investments in 2026 so far. Blurgs and ChefKart are the latest among them.Here are the most recent investments by Pravega Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 07, 2026 | India | Seed | 4391 | [+1] | |
Jun 24, 2026 | India | Series A | 7144 | ||
Feb 16, 2026 | India | Seed | 2066 | [+3] | |
Dec 19, 2025 | India | Series A | 3106 | [+1] | |
Dec 11, 2025 | India | Series A | 8940 | [+1] |
Unicorns in Pravega Ventures' Portfolio
Pravega Ventures has 1 unicorn in its portfolio - Innovaccer. The most recent unicorn in their portfolio is Innovaccer which became a unicorn in 2021, 4 years after Pravega Ventures first invested in it.Here is a list of unicorns in Pravega Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Developer of healthcare data platforms and artificial intelligence agent software | 2014 | San Francisco | Series F | f{vzvdg |
Acquired companies in Pravega Ventures' Portfolio
2 companies from Pravega Ventures' portfolio have been acquired. The most recent acquisition was Fyle in Aug 2025 by Sage for $*****.Here are Pravega Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 04, 2025 | Jun 29, 2016 | Seed | 2464 | |
Jan 10, 2022 | Oct 03, 2017 | Seed | 9541 |
Team profile of Pravega Ventures
Pravega Ventures has a team of 14 members including 4 Partners and 6 Principals located in India and Japan. Pravega Ventures' team sits on the board of 4 companies.Here is a list of top team members in Pravega Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | Gurugram | Crofarm, Travel Triangle and 5 more | ||
Partner | Bengaluru | Tracxn, Travel Triangle and 2 more | ||
Partner | Tokyo | - | - | |
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - |
Co-investors of Pravega Ventures
Over the past 10 years, 543 investors have co-invested in Pravega Ventures's portfolio companies. This includes funds and angels.
- Invested before Pravega Ventures: Rajan Anandan, Axilor Ventures and 208 others have invested in rounds before Pravega Ventures. There are 2 companies where Rajan Anandan has invested before Pravega Ventures and 2 companies where Axilor Ventures has invested before Pravega Ventures.
- Top Co-investors of Pravega Ventures: 168 investors entered a company along with Pravega Ventures. These include investors like Beenext (6 companies).
- Invested after Pravega Ventures: A total of 165 investors have invested in Pravega Ventures's portfolio after their investments. Top Investors include Prashant Malik (3 companies), WestBridge Capital (3 companies) and Steadview (2 companies).
Recent News related to Pravega Ventures
•
•
IIT-Madras Startup Blurgs AI Secures USD 2.2 Million for Global ExpansionDeccan Herald•Jul 07, 2026•Blurgs, Shastra, Pravega Ventures
•
Constelli Raises $20 Mn to Accelerate Electronic Warfare R&DInc42•Feb 27, 2026•Constelli, 360 One, General Catalyst, Pravega Ventures and 1 other
•
Xflow Raises $16.6 Mn Funding, Secures Full PA-CB LicenceStartupNews•Feb 24, 2026•Xflow, General Catalyst, PayPal Ventures, Square Peg Ventures and 7 others
•
Wealthtech startup Otto Money raises $1.3 Mn led by Pravega VenturesEntrackr•Feb 16, 2026•Pravega Ventures, Otto
•
•
SalarySe secures $11.3 million in round led by Flourish Ventures, SIG VenturesIndiatimes•Oct 30, 2025•SalarySe, Flourish, SIG Venture Capital, Peak XV Partners and 6 others
•
InPrime Finserv Secures $6.02 Mn in Series A1 Funding Led by Pravega VenturesStartupTalky•Jul 07, 2025•InPrime Finserv, Pravega Ventures, Z47, Info Edge Ventures and 1 other
•
NBFC InPrime Secures $3 Mn From InfoEdge to Expand Beyond MetrosInc42•Jul 07, 2025•InPrime Finserv, Pravega Ventures, Z47, Info Edge Ventures and 1 other
•
InPrime Finserv raises Rs 50 cr, WiseLife raises Rs 8 crNewsDrum•Jul 07, 2025•InPrime Finserv, Pravega Ventures, Z47, Info Edge Ventures and 1 other
