About Shastra
Shastra is a venture capital firm founded in 2022. It is primarily based out of Bengaluru, India. As of Oct 2026, Shastra is an active investor, having invested in 75 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 High Tech and Retail. Most recently it participated in the $***** Series B round of Simplismart A lot of funds co-invest with Shastra, with names like Angel List sharing a substantial percentage of its portfolio. Shastra has team of 9 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Deals in last 12 months
Shastra's List of Top Investments
Shastra has a portfolio of 75 companies. Their most notable investments are in Blurgs and KoachPRO.Their portfolio spans across India, United States and Singapore. They have invested in Enterprise Applications, High Tech, Retail and 25 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Shastra:1. EloElo
Provider of consumer entertainment and AI-powered digital platforms. It operates multiple products, including Story TV, a micro-drama streaming platform offering short-form episodic entertainment in multiple languages, Dolphin AI, an agentic AI video-generation studio that transforms scripts into long-form, multi-scene videos, Master, a micro-learning platform offering bite-sized educational content across subjects such as finance, business, communication, and social media, and Voxy AI, an AI companion designed for conversational interactions.
Key facts about EloElo
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $131M
- Employee Count: 212 as on May 01, 2026
- Investors: NBCUniversal, Hornbill Capital and 34 Others
- Latest Funding Round: Series C, Nov 04, 2026, $*****
- Highlight: Editors' Pick
2. CheQ
Provider of a credit management platform for tracking and repaying credit card bills. The platform enables users to manage multiple credit cards in one place, monitor credit scores, and access personalized credit and loan offers. It facilitates bill payments and provides rewards for transactions made through the service.
Key facts about CheQ
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $17M
- Employee Count: 101 as on May 01, 2026
- Investors: Sherpalo Ventures, 3one4 Capital and 34 Others
- Latest Funding Round: Seed, Jun 18, 2024, $*****
- Highlight: Editors' Pick
Developer of intelligent vertical robotic sortation systems for warehouse automation. The technology utilizes autonomous mobile robots and software to sort parcels within fulfillment centers and distribution hubs. These modular systems are designed to operate in three-dimensional space, providing scalable capacity for order consolidation and parcel routing. By integrating high-speed robotics, the platform optimizes floor space usage and improves throughput in logistics operations. The systems support various parcel sizes and weights, enabling automated workflows in diverse distribution environments.
Key facts about Unbox Robotics
- Founded Year: 2019
- Location: Pimpri Chinchwad (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $28.2M
- Employee Count: 105 as on Jul 31, 2025
- Investors: Sixth Sense Ventures, F-Prime Capital and 54 Others
- Latest Funding Round: Series B, Jan 05, 2026, $*****
- Highlight: Editors' Pick
4. Even
Provider of health insurance plans offering transparent coverage for hospitalisation and outpatient medical expenses. The company facilitates access to medical care by providing comprehensive policies that include coverage for inpatient treatments, outpatient services, and various modern medical procedures. It focuses on simplifying the insurance experience through clear policy terms and dedicated support for claims and enrolment processes.
Key facts about Even
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $126M
- Employee Count: 696 as on May 31, 2026
- Investors: Alpha Wave Global, Trifecta Capital and 55 Others
- Latest Funding Round: Series B, Oct 19, 2026, $*****
- Highlight: Editors' Pick
5. Sanlayan
Manufacturer of electronic systems for defense and aerospace technology applications. Operations include the development of power supply units, radar systems, electronic warfare equipment, and unmanned aerial system countermeasures. These systems are designed to meet technical specifications for use in security and defense environments.
Key facts about Sanlayan
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $26.7M
- Employee Count: 85 as on Apr 30, 2026
- Investors: Jungle Ventures, Singularity AMC and 20 Others
- Latest Funding Round: Series A, Jun 09, 2025, $*****
- Highlight: Editors' Pick
Shastra's Year-on-Year Investment Trends
Shastra has invested in 75 companies over the last 4 years, with an average of 7 new investments annually in the last 3 years. In 2025, it made 14 investments, while as of Oct 2026, it has made 9 investments in this year. Its most recent first time investment was in Nova Spectral AI and most recent follow-on round was in Simplismart.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 4 | 9 |
2025 | 10 | 4 | 14 |
2024 | 5 | 6 | 11 |
2023 | 12 | 1 | 13 |
2022 | 12 | 1 | 13 |
Shastra's Investments by Stage
Shastra has made 37 investments in Seed stage with an average round size of $3.03M and 7 investments in Series A stage with an average round size of $8.76M.Stage of entry | No. of Investments |
|---|---|
Seed | 37 |
Series A | 7 |
Note: We have considered here, only first round of investments
Shastra's Investments by Sector
Shastra has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, FinTech and Vertical SaaS. Notably, it has invested in 68 Tech companies, 59 Enterprise (B2B) companies, 43 Software companies and at least 28 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
High Tech | 12 |
Consumer | 9 |
FinTech | 7 |
Vertical SaaS | 7 |
Others | 63 |
Note: We have considered here, only first round of investments
Shastra's Investments by Geography
Shastra has made most investments in India (37), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
India | 37 |
United States | 7 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Shastra's recent investments
Shastra has made 9 investments in 2026 so far. Simplismart and Nova Spectral AI are the latest among them.Here are the most recent investments by Shastra:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 27, 2026 | India | Series B | 4366 | ||
Oct 16, 2026 | India | Seed | 1924 | ||
Oct 01, 2026 | India | Seed | 4892 | [+14] | |
Aug 27, 2026 | India | Seed | 7350 | [+3] | |
Jul 07, 2026 | India | Seed | 1880 | [+1] |
Team profile of Shastra
Shastra has a team of 9 members including 4 Partners located in India and United States. Shastra's team sits on the board of 2 companies.Here is a list of all team members in Shastra:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | |||
Partner | Bengaluru | |||
Partner | San Francisco | - | ||
Partner | Bengaluru | - |
Co-investors of Shastra
Over the past 4 years, 580 investors have co-invested in Shastra's portfolio companies. This includes funds and angels.
- Invested before Shastra: iDEX, Jungle Ventures and 130 others have invested in rounds before Shastra. There are 2 companies where iDEX has invested before Shastra and 1 company where Jungle Ventures has invested before Shastra.
- Top Co-investors of Shastra: 332 investors entered a company along with Shastra. These include investors like Angel List (10 companies).
- Invested after Shastra: A total of 116 investors have invested in Shastra's portfolio after their investments. Top Investors include MGF Kavachh (2 companies), ACT Grants (2 companies) and We Founder Circle (2 companies).
Recent News related to Shastra
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Nova Spectral AI Secures Rs 21.15 Crore Seed Funding Led by Shastra VCIncubees•Nov 11, 2026•Shastra, Nova Spectral AI
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NuSynth Raises Rs 36.5 Cr Seed Funding From Avaana Capital, Shastra VCIncubees•Nov 03, 2026•Shastra, Avaana Capital Advisors, Nusynth Technologies
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Nova Spectral AI Raises Rs 21 Crore for India's Infrared Vision ChipIndian Startup News•Oct 27, 2026•Shastra, Equirus Capital, Nova Spectral AI
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Nvidia CEO Urges German Manufacturers to Embrace AI for Industrial Re-engineeringWral•Oct 20, 2026•Nvidia, Simplismart, Dallas Venture Capital, Accel and 2 others
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NuSynth Technologies Raises Rs 36.5 Crore in Seed Funding Led by Avaana Capital and Shastra VCViestories•Oct 13, 2026•Nusynth AI, Avaana Capital Advisors, Nusynth Technologies, Shastra
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InspeCity Raises Approx. $12M in Series A FundingFinSMEs•Aug 28, 2026•Shastra, Speciale Invest, Antler, InspeCity
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IIT-Madras Startup Blurgs AI Secures USD 2.2 Million for Global ExpansionDeccan Herald•Jul 07, 2026•Blurgs, Shastra, Pravega Ventures
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CREST Secures $3.1 Million in Pre-Seed Funding Round Led by BEENEXTEntrackr•Jun 16, 2026•Atrium, Sparrow, 91 Ventures, Shastra and 7 others
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Flexprice Secures $1.5 Million Seed Funding Led by Shastra VCEntrackr•May 26, 2026•Flexprice, Shastra, TDV Partners
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