About Qed Innovation Labs
Qed Innovation Labs is a venture capital firm founded in 2018. It is primarily based out of Mumbai, India. As of Feb 2026, Qed Innovation Labs is an active investor, having invested in 239 companies, with 8 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 Retail. Most recently it participated in the $***** Seed round of Temple Overall, Qed Innovation Labs portfolio has seen 9 unicorns, 5 IPOs and 10 acquisitions including key companies like Swiggy, Shiprocket and Urban Company. A lot of funds co-invest with Qed Innovation Labs, with names like Kunal Shah sharing a substantial percentage of its portfolio. Qed Innovation Labs has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 6 more
Portfolio IPOs
Portfolio Soonicorns
Qed Innovation Labs' List of Top Investments
Qed Innovation Labs has a portfolio of 239 companies, including 9 unicorns. Their most notable investments are in RevRag and Career Anna.Their portfolio spans across India, United States, Anguilla and 2 more locations. They have invested in Enterprise Applications, Consumer, Retail and 30 other sectors, across stages such as Seed, Series A and 6 more. Here is the list of top investments by Qed Innovation Labs:1. Swiggy
Online platform that enables users to order food, groceries, and dining‑out options. It coordinates pickup and delivery services for a wide range of restaurants and retail partners.
Key facts about Swiggy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $3.42B
- Employee Count: 4,488 as on Mar 31, 2025
- Investors: Harmony Partners, HDFC Mutual Fund and 88 Others
- Latest Funding Round: Post IPO, Dec 12, 2025, $*****
- Highlight: Public
2. Shiprocket
Provider of e-commerce shipping, fulfillment, marketing, and financial services. The business offers tools for domestic and cross-border shipping, including integrations with courier partners. Fulfillment services encompass warehousing, packaging, and shipping. Marketing solutions include checkout optimisation and customer engagement tools. Financial services provide capital and credit score assessment.
Key facts about Shiprocket
- Founded Year: 2011
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $306M
- Employee Count: 915 as on Aug 31, 2025
- Investors: Temasek, Crescent Enterprises and 63 Others
- Latest Funding Round: Series E, Dec 23, 2024, $*****
- Highlight: Public
Provider of home maintenance repair and personal care service professionals. This business facilitates the booking of technicians for appliance repair, plumbing, electrical work, and cleaning tasks. It also connects individuals with practitioners for salon, spa, and grooming treatments performed at residential addresses. The service model coordinates scheduling for various household maintenance and wellness requirements.
Key facts about Urban Company
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $376M
- Employee Count: 2,111 as on Mar 31, 2026
- Investors: ABG Capital, Dragoneer Investment Group and 50 Others
- Latest Funding Round: Series F, Apr 27, 2021, $*****
- Highlight: Public
4. GIVA
Omnichannel jewellery brand offering silver, gold, and demi-fine jewellery. Its portfolio includes rings, earrings, pendants, necklaces, bracelets, bangles, anklets, mangalsutras, nose pins, and jewellery for women, men, and children. It operates through its online store, mobile app, and physical retail outlets, while also offering gifting products, personalized jewellery, gift cards, and smart purchase plans.
Key facts about GIVA
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Stage: Series C
- Total Funding till date: $128M
- Employee Count: 3,246 as on May 31, 2026
- Investors: Premji Invest, BlackSoil and 83 Others
- Latest Funding Round: Series C, May 25, 2026, $*****
- Highlight: Editors' Pick
Provider of general and life insurance products across various categories. It offers car, bike, health, property, travel, and business insurance, alongside term life, savings, retirement, and group life insurance plans. The company facilitates claims processing, policy renewals, and provides resources such as calculators, guides, and transparency reports. It also offers opportunities to become an agent for its insurance products.
Key facts about Digit Insurance
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $462M
- Employee Count: 4,589 as on Mar 31, 2026
- Investors: TVS Capital Funds, Wellington Management and 37 Others
- Latest Funding Round: Series D, May 04, 2022, $*****
- Highlight: Public
Qed Innovation Labs' Year-on-Year Investment Trends
Qed Innovation Labs has invested in 239 companies over the last 8 years, with an average of 27 new investments annually in the last 5 years. In 2025, it made 8 investments, while as of Feb 2026, it has made 6 investments in this year. Its most recent first time investment was in Temple and most recent follow-on round was in CRED.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 0 | 6 |
2025 | 7 | 1 | 8 |
2024 | 10 | 1 | 11 |
2023 | 30 | 1 | 31 |
2022 | 66 | 5 | 71 |
2021 | 87 | 6 | 93 |
2020 | 17 | 2 | 19 |
2019 | 7 | 1 | 8 |
2018 | 3 | 0 | 3 |
Qed Innovation Labs' Investments by Stage
Qed Innovation Labs has made 173 investments in Seed stage with an average round size of $2.36M, 41 investments in Series A stage with an average round size of $7M and 10 investments in Series B stage with an average round size of $25M.Stage of entry | No. of Investments |
|---|---|
Seed | 173 |
Series A | 41 |
Series B | 10 |
Series E | 3 |
Series C | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Qed Innovation Labs' Investments by Sector
Qed Innovation Labs has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Retail and HealthTech. Notably, it has invested in 220 Tech companies, 166 Consumer (B2C) companies, 108 Enterprise (B2B) companies and at least 105 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 79 |
Consumer | 75 |
FinTech | 75 |
Retail | 45 |
HealthTech | 32 |
Others | 269 |
Note: We have considered here, only first round of investments
Qed Innovation Labs' Investments by Geography
Qed Innovation Labs has made most investments in India (230), followed by United States where it has made 4 investments.Country | No. of Investments |
|---|---|
India | 230 |
United States | 4 |
Anguilla | 1 |
Lithuania | 1 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Qed Innovation Labs' recent investments
Qed Innovation Labs has made 6 investments in 2026 so far. Temple and Boba Bhai are the latest among them.Here are the most recent investments by Qed Innovation Labs:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 27, 2026 | India | Seed | 3274 | [+80] | |
Feb 25, 2026 | India | Series A | 6347 | [+11] | |
Feb 10, 2026 | India | Series A | 4175 | [+23] | |
Jan 13, 2026 | India | Seed | 5308 | [+29] | |
Jan 13, 2026 | India | Series A | 3725 | [+9] |
Unicorns in Qed Innovation Labs' Portfolio
Qed Innovation Labs has 9 unicorns in its portfolio - Astrotalk, Raise, Rapido and others. The most recent unicorn in their portfolio is Astrotalk. It became a unicorn in 2026, 5 years after Qed Innovation Labs first invested in it.Here is a list of unicorns in Qed Innovation Labs' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Provider of online astrology consultations and personalized horoscope reading services | 2017 | Noida | Series A | tas{ois | ||
78 | Developer of financial service products and infrastructure for Indian residents | 2021 | Mumbai | Series B | ikws{tz | ||
83 | Operator of a ride-hailing platform providing bike taxi, auto rickshaw, and cab services | 2015 | Bengaluru | Series F | qujcpex | ||
76 | Provider of logistics and goods transportation solutions | 2014 | Bengaluru | Series F | pyie{kz | ||
75 | Provider of AI-native human capital management software | 2015 | San Francisco | Series D | ohhclko |
IPOs and Publicly Listed companies in Qed Innovation Labs' Portfolio
5 of Qed Innovation Labs' portfolio companies have become public. Zetwerk got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2026 at marketcap of $2.69B and Shiprocket got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $742M.Here are Qed Innovation Labs' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 23, 2026 | Aug 19, 2021 | Series E | 5590 | |
Aug 19, 2026 | Jul 08, 2021 | Series D | 3150 | |
Sep 17, 2025 | - | - | 9331 | |
Nov 13, 2024 | - | - | 6846 | |
May 23, 2024 | Jul 01, 2021 | Series C | 2687 |
Acquired companies in Qed Innovation Labs' Portfolio
10 companies from Qed Innovation Labs' portfolio have been acquired. The most recent acquisition was Innovist in Jun 2026 by L'Oreal for $*****.Here are Qed Innovation Labs' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 18, 2026 | Apr 26, 2022 | Seed | 2484 | |
Jan 21, 2026 | Oct 14, 2023 | Seed | 2506 | |
Sep 04, 2025 | Sep 27, 2021 | Series E | 9949 | |
Aug 13, 2025 | May 04, 2023 | Seed | 5662 | |
Jul 08, 2025 | Nov 12, 2021 | Series A | 1727 |
Team profile of Qed Innovation Labs
Qed Innovation Labs has a team of 2 members including 2 Partners located in India. Qed Innovation Labs' team sits on the board of 2 companies.Co-investors of Qed Innovation Labs
Over the past 8 years, 6802 investors have co-invested in Qed Innovation Labs's portfolio companies. This includes funds and angels.
- Invested before Qed Innovation Labs: Angel List, Wellfound and 1857 others have invested in rounds before Qed Innovation Labs. There are 26 companies where Angel List has invested before Qed Innovation Labs and 18 companies where Wellfound has invested before Qed Innovation Labs.
- Top Co-investors of Qed Innovation Labs: 2999 investors entered a company along with Qed Innovation Labs. These include investors like Kunal Shah (97 companies).
- Invested after Qed Innovation Labs: A total of 1944 investors have invested in Qed Innovation Labs's portfolio after their investments. Top Investors include Kunal Shah (25 companies), Alteria Capital (19 companies) and Angel List (17 companies).
