About Ramrod Advisors
Ramrod Advisors is a venture capital firm founded in 2013. It is primarily based out of Mumbai, India. As of Nov 2024, Ramrod Advisors has invested in 7 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and High Tech. Most recently it participated in the $***** Series A round of Heaps.ai Overall, Ramrod Advisors portfolio has seen 1 IPO and 1 acquisition, namely Purple Style Labs and Bonhomia. A lot of funds co-invest with Ramrod Advisors, with names like Nelum Gidwani sharing a substantial percentage of its portfolio. Ramrod Advisors has team of 4 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Ramrod Advisors' List of Top Investments
Ramrod Advisors has a portfolio of 7 companies. Their most notable investments are in Bonhomia and Svasti.Their portfolio spans across and India. They have invested in Retail, Consumer, High Tech and 8 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Ramrod Advisors:Chains providing curated luxury fashion. The business operates an omnichannel platform offering selections in luxury fashion through online and offline channels. It focuses on the distribution of designer apparel and accessories.
Key facts about Purple Style Labs
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $72.5M
- Employee Count: 126 as on Feb 28, 2026
- Investors: Kreos Capital, Lansdowne Partners and 353 Others
- Latest Funding Round: Conventional Debt, Jul 12, 2026, $*****
- Highlight: Public
AI-powered surveillance and access control systems. It build high-end Electro-Optic surveillance systems for Strategic and Commercial buyers. Its vision is to become a global leader in providing security solutions to national and international defence and aerospace organizations. The company envisages to become a player of reckoning in homeland security, defense intelligence, surveillance and reconnaissance and machine vision. It offers a suite of products incorporating thermal imaging, multi-spectral capabilities, and advanced weapon sights. Solutions are tailored to meet specific security threats and budgetary constraints, focusing on automated threat detection and minimal human intervention. The technology is applicable to both civilian and defense sectors.
Key facts about Optimized Electrotech
- Founded Year: 2017
- Location: Ahmedabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $16M
- Employee Count: 142 as on Aug 31, 2025
- Investors: BlackSoil, ACG and 190 Others
- Latest Funding Round: Series A, Apr 23, 2026, $*****
- Highlight: Editors' Pick
3. Svasti
Microfinance Institution catering to the urban poor. It is expanding its products to provide MSME loans, savings, and insurance products in the areas that it services directly or as an agent to banks and insurance companies.
Key facts about Svasti
- Founded Year: 2010
- Location: Chennai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $34.2M
- Employee Count: 878 as on Sep 30, 2026
- Investors: BlackSoil, Sprints and 76 Others
- Latest Funding Round: Series C, Mar 17, 2026, $*****
- Highlight: Editors' Pick
4. Heaps.ai
AI-based business and data analysis tool for healthcare providers. The company has developed software that assists with administrative tasks. It has features for CRM, clinical out management, behavioral health modules, and more. It uses AI and data analytics to provide actionable insights for clinicians, insurers, and hospitals, enabling personalized and proactive patient care. The platform supports care managers and case managers in overseeing, assessing, and communicating with patients, enhancing care coordination and eliminating readmission rates.
Key facts about Heaps.ai
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $8.13M
- Employee Count: 90 as on Sep 30, 2026
- Investors: ACG, CapFort Ventures and 41 Others
- Latest Funding Round: Series A, Nov 25, 2024, $*****
- Highlight: Editors' Pick
5. Bonhomia
Internet-first brand offering coffee products. It offers coffee capsules, coffee shots, coffee drip bags, tea capsules, coffee beans, and ground coffee. It also offers coffee makinf accessories.
Key facts about Bonhomia
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $3.75M
- Employee Count: 6 as on Sep 30, 2026
- Investors: Fireside Ventures, Ramrod Advisors and 21 Others
- Latest Funding Round: Conventional Debt, 2022, $*****
- Highlight: Acquired
Ramrod Advisors' Year-on-Year Investment Trends
Ramrod Advisors has invested in 7 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Svasti and most recent follow-on round was in Heaps.ai.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 1 | 1 |
2023 | 1 | 0 | 1 |
2022 | 3 | 0 | 3 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 0 | 1 | 1 |
2018 | 0 | 1 | 1 |
2017 | 0 | 1 | 1 |
Ramrod Advisors' Investments by Stage
Ramrod Advisors has made 3 investments in Seed stage with an average round size of $1.95M, 2 investments in Series A stage with an average round size of $4.33M and 2 investments in Series B stage with an average round size of $8.88M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 2 |
Series B | 2 |
Note: We have considered here, only first round of investments
Ramrod Advisors' Investments by Sector
Ramrod Advisors has a diverse portfolio, with companies operating in the Consumer, Retail, Consumer Goods, Food and Agriculture and Food and Agriculture Tech. Notably, it has invested in 5 Tech companies, 4 Consumer (B2C) companies, 3 Enterprise (B2B) companies and at least 1 company focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 3 |
Retail | 3 |
Consumer Goods | 2 |
Food and Agriculture | 2 |
Food and Agriculture Tech | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
Ramrod Advisors' Investments by Geography
Ramrod Advisors has made most investments in India (7).Ramrod Advisors' recent investments
Ramrod Advisors has not made any investment in 2026 so far.Here are the most recent investments by Ramrod Advisors:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 25, 2024 | India | Series A | 5378 | [+9] | |
Mar 24, 2023 | India | Series B | 5926 | ||
May 06, 2022 | India | Seed | 6287 | [+23] | |
Apr 06, 2022 | India | Series A | 2801 | [+49] | |
Feb 07, 2022 | India | Series B | 6094 | [+59] |
IPOs and Publicly Listed companies in Ramrod Advisors' Portfolio
1 of Ramrod Advisors' portfolio company became public - Purple Style Labs. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Sep 2026 at marketcap of $488MHere are Ramrod Advisors' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 07, 2026 | Feb 07, 2022 | Series B | 9634 |
Acquired companies in Ramrod Advisors' Portfolio
1 company from Ramrod Advisors' portfolio has been acquired. The most recent acquisition was Bonhomia in Jan 2018 by CoCreate for $*****.Here are Ramrod Advisors' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 09, 2018 | Feb 10, 2015 | Seed | 5790 |
Team profile of Ramrod Advisors
Ramrod Advisors has a team of 4 members including 4 Partners located in India. Ramrod Advisors' team does not sit on the board of any company as of now.Here is a list of all team members in Ramrod Advisors:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of Ramrod Advisors
Over the past 11 years, 762 investors have co-invested in Ramrod Advisors's portfolio companies. This includes funds and angels.
- Invested before Ramrod Advisors: Shubham Gupta, Angel List and 448 others have invested in rounds before Ramrod Advisors. There are 2 companies where Shubham Gupta has invested before Ramrod Advisors and 2 companies where Angel List has invested before Ramrod Advisors.
- Top Co-investors of Ramrod Advisors: 127 investors entered a company along with Ramrod Advisors. These include investors like Nelum Gidwani (3 companies).
- Invested after Ramrod Advisors: A total of 185 investors have invested in Ramrod Advisors's portfolio after their investments. Top Investors include Klub AI (1 company), K P Sanghvi (1 company) and ICPA Health Products (1 company).
