About Promaft Partners
Promaft Partners is a venture capital firm founded in 2024. It is primarily based out of Mumbai, India. As of Apr 2026, Promaft Partners is an active investor, having invested in 9 companies, with 2 new investments in the last 12 months. It primarily invests in Series B round in India based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and High Tech. Most recently it participated in the $***** Series B round of The Hosteller Overall, Promaft Partners portfolio has seen 1 unicorn, 2 IPOs and 3 acquisitions including key companies like Swiggy, Paytm and Bigbasket. A lot of funds co-invest with Promaft Partners, with names like Accel sharing a substantial percentage of its portfolio. Promaft Partners has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Promaft Partners' List of Top Investments
Promaft Partners has a portfolio of 9 companies, one of which is a Unicorn. Their most notable investmentis in The HostellerTheir portfolio spans across India and United States. They have invested in Consumer, Enterprise Applications, High Tech and 9 other sectors, across stages such as Series B stage. Here is the list of top investments by Promaft Partners:1. Swiggy
Operator of an online platform for ordering food and groceries. The platform allows users to discover restaurants and order meals. It also provides a service for ordering groceries online. The platform also offers corporate services and partnership opportunities. The platform uses tech for order tracking, payments, and customer communication.
Key facts about Swiggy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹15,600Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $3.62B
- Employee Count: 5,263 as on Aug 31, 2025
- Investors: Harmony Partners, Invesco Mutual Fund and 87 Others
- Latest Funding Round: Post IPO, Dec 12, 2025, $*****
- Highlight: Public
2. Paytm
Digital payment platform offering financial services, recharges and more. Its consumer solution includes mobile, DTH recharges, electricity bills, UPI transfers, flights/buses/trains booking, credit cards, insurance, and Paytm Money for trading/MTF. Its business solutions feature zero-balance accounts, payment gateway, Soundbox, QR codes, NACH collections, and APIs for MSMEs/corporates with instant settlements and GST invoicing.
Key facts about Paytm
- Founded Year: 2000
- Location: Noida (India)
- Stage: Public
- Total Funding till date: $3.16B
- Employee Count: 14,078 as on Aug 31, 2025
- Investors: Berkshire Hathaway, Sapphire Ventures and 78 Others
- Latest Funding Round: Angel, Nov 20, 2020, $*****
- Highlight: Public
3. Bigbasket
Online retailer of grocery, household, beauty, and personal care products. It provides a selection of food items, cleaning supplies, and personal care products. The business offers delivery options with varied time slots. It also provides an express delivery service for immediate needs in select areas.
Key facts about Bigbasket
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹9,910Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $943M
- Employee Count: 22,095 as on May 31, 2025
- Investors: Helion Venture Partners, IFC and 68 Others
- Latest Funding Round: Conventional Debt, Nov 20, 2025, $*****
- Highlight: Acquired
4. PharmEasy
Provider of an online pharmacy and healthcare platforms. It offers a wide range of pharmaceutical products, healthcare and wellness items, over-the-counter (OTC) products, ayurvedic and homeopathic medicines, medical devices, and lab test.
Key facts about PharmEasy
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹75.5Cr as on Mar 31, 2025
- Stage: Series F
- Total Funding till date: $688M
- Employee Count: 505 as on Jul 31, 2025
- Investors: Analah Ventures, Temasek and 94 Others
- Latest Funding Round: Conventional Debt, Sep 16, 2025, $*****
- Highlight: Editors' Pick
5. VideoVerse
Provider of AI-driven technology for video editing and content transformation. The company offers solutions for generating video highlights, content moderation, and web stories production. It also provides tools for online video editing, dynamic content transformation, and smart distribution. The platform refines content and enhances consumption across media genres.
Key facts about VideoVerse
- Founded Year: 2016
- Location: Los Angeles (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $105M
- Employee Count: 237 as on Mar 31, 2026
- Investors: Evolvence Equity Partners, Promaft Partners and 62 Others
- Latest Funding Round: Series B, Dec 18, 2023, $*****
- Highlight: Acquired
Promaft Partners' Year-on-Year Investment Trends
In 2025, it made 1 investment, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in The Hosteller.Promaft Partners' Investments by Stage
Promaft Partners has made 2 investments in Series B stage with an average round size of $28M.Promaft Partners' Investments by Sector
Promaft Partners has a diverse portfolio, with companies operating in the Consumer, Telecom and Travel and Hospitality Tech. Notably, it has invested in 8 Tech companies, 7 Consumer (B2C) companies, 4 Software companies and at least 3 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 1 |
Telecom | 1 |
Travel and Hospitality Tech | 1 |
Note: We have considered here, only first round of investments
Promaft Partners' Investments by Geography
Promaft Partners has made most investments in India (2).Promaft Partners' recent investments
Promaft Partners has made 1 investments in 2026 so far - The Hosteller.Here are the most recent investments by Promaft Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 16, 2026 | India | Series B | 1391 | [+2] | |
Jun 18, 2025 | India | Series B | 3652 | [+7] |
Unicorns in Promaft Partners' Portfolio
Promaft Partners has 1 unicorn in its portfolio - XpressBees. The most recent unicorn in their portfolio is XpressBees which became a unicorn in 2022, 4 years before Promaft Partners first invested in it.Here is a list of unicorns in Promaft Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Provider of end-to-end logistics delivery and courier solutions | 2015 | Pune | Series G | tlszsll |
IPOs and Publicly Listed companies in Promaft Partners' Portfolio
2 of Promaft Partners' portfolio companies have become public. Swiggy got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Nov 2024 at marketcap of $10.3B and Paytm got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $18.8B.Here are Promaft Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 13, 2024 | - | - | 6217 | |
Nov 18, 2021 | - | - | 5790 |
Acquired companies in Promaft Partners' Portfolio
3 companies from Promaft Partners' portfolio have been acquired. The most recent acquisition was VideoVerse in Sep 2025 by Minute Media for $*****.Here are Promaft Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 09, 2025 | - | - | 3832 | |
Jan 20, 2021 | - | - | 6972 | |
Mar 02, 2015 | - | - | 6148 |
Team profile of Promaft Partners
Promaft Partners has a team of 4 members including 3 Partners and 1 Principal. Promaft Partners' team does not sit on the board of any company as of now.Here is a list of all team members in Promaft Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Principal | - | - | - |
Co-investors of Promaft Partners
Over the past year, 108 investors have co-invested in Promaft Partners's portfolio companies. This includes funds and angels.
- Invested before Promaft Partners: Kavit Sutariya, RTP Global and 97 others have invested in rounds before Promaft Partners. There is 1 company where Kavit Sutariya has invested before Promaft Partners and 1 company where RTP Global has invested before Promaft Partners.
- Top Co-investors of Promaft Partners: 9 investors entered a company along with Promaft Partners. These include investors like Accel (1 company).
Recent News related to Promaft Partners
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The Hosteller raises Rs 150 Cr in Series B funding roundYourStory•Apr 16, 2026•The Hosteller, Promaft Partners, V3 Ventures, ITI Growth Opportunities and 1 other
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Wiom secures USD 40 Million in a new funding round led by Bertelsmann India Investments and AccelEnablers•Jun 26, 2025•Wiom, Bertelsmann India Investments, Accel, Prosus and 2 others
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VC boom: New firms reshape startup funding in 2024Financial Express•Dec 23, 2024•MudhalVC, Playbook Partners, Bluegreenventuresllc, Promaft Partners
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