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 73 companies, with 6 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 $***** Seed round of Nusynth Technologies 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 73 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 live social entertainment platform. It enables creators to host interactive video and audio livestreams, connecting with viewers and fans through livestreams in multiple Indian languages. The platform offers features like social live streams, multiplayer games, chats, and audio calls in seven languages.
Key facts about Eloelo
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $51.2M
- Employee Count: 202 as on Feb 28, 2026
- Investors: Kalaari Capital, WaterBridge and 34 Others
- Latest Funding Round: Series B, Apr 04, 2025, $*****
- Highlight: Editors' Pick
2. CheQ
Provider of digital credit card bill payment and management services. This application enables users to track credit card balances, monitor spending, and settle outstanding bills. It includes features for managing utility payments, accessing credit score insights, and utilizing a digital wallet for financial transactions. The service provides tools for monitoring credit card usage and offers options for obtaining loans against mutual funds. Security measures include data encryption and adherence to financial regulatory standards for processing payments.
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: $17.8M
- Employee Count: 101 as on Apr 30, 2026
- Investors: Sherpalo Ventures, 3one4 Capital and 32 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 with outpatient and hospitalization coverage. It facilitates health insurance policy comparison and selection. It offers coverage for hospitalization, outpatient expenses, and family floater plans. It also provides support throughout the enrolment and claims processes.
Key facts about Even
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $86.6M
- Employee Count: 551 as on Aug 31, 2025
- Investors: Alpha Wave Global, Trifecta Capital and 54 Others
- Latest Funding Round: Series A, May 13, 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: ₹10 - ₹50 Cr as on Mar 31, 2025
- 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 73 companies over the last 4 years, with an average of 6 new investments annually in the last 3 years. In 2025, it made 12 investments, while as of Oct 2026, it has made 9 investments in this year. Its most recent first time investment was in Nusynth Technologies and most recent follow-on round was in InspeCity.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 4 | 9 |
2025 | 8 | 4 | 12 |
2024 | 5 | 5 | 10 |
2023 | 13 | 1 | 14 |
2022 | 12 | 1 | 13 |
Shastra's Investments by Stage
Shastra has made 37 investments in Seed stage with an average round size of $3.04M and 6 investments in Series A stage with an average round size of $9.94M.Stage of entry | No. of Investments |
|---|---|
Seed | 37 |
Series A | 6 |
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, Vertical SaaS and Aerospace, Maritime and Defense Tech. Notably, it has invested in 66 Tech companies, 58 Enterprise (B2B) companies, 42 Software companies and at least 27 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
High Tech | 12 |
Consumer | 9 |
Vertical SaaS | 7 |
Aerospace, Maritime and Defense Tech | 6 |
Others | 62 |
Note: We have considered here, only first round of investments
Shastra's Investments by Geography
Shastra has made most investments in India (36), followed by United States where it has made 8 investments.Country | No. of Investments |
|---|---|
India | 36 |
United States | 8 |
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. Nusynth Technologies and InspeCity 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 13, 2026 | India | Seed | 9936 | ||
Aug 28, 2026 | India | Series A | 3872 | [+1] | |
Aug 27, 2026 | India | Seed | 9145 | [+3] | |
Jul 07, 2026 | India | Seed | 3608 | [+1] | |
Jun 16, 2026 | India | Seed | 3537 | [+10] |
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, 540 investors have co-invested in Shastra's portfolio companies. This includes funds and angels.
- Invested before Shastra: iDEX, Jungle Ventures and 115 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: 317 investors entered a company along with Shastra. These include investors like Angel List (10 companies).
- Invested after Shastra: A total of 106 investors have invested in Shastra's portfolio after their investments. Top Investors include Y Combinator (2 companies), MGF Kavachh (2 companies) and ACT Grants (2 companies).
Recent News related to Shastra
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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.io, Shastra, TDV Partners
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AGNIT Semiconductors Nets $2.6 Mn To Foray Into Telecom, Power ElectronicsInc42•Mar 16, 2026•AGNIT Semiconductors, Shastra, Zephyr Management, 3one4 Capital
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Inamo raises USD 8 mn in funding round led by Prime Venture PartnersNewsDrum•Mar 02, 2026•Inamo, Shastra, Antler, Gemba Capital and 2 others
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Quick Commerce Enablement Startup Inamo To Raise ₹50 CrStartupNews•Feb 28, 2026•Inamo, Shastra, Antler, Gemba Capital and 1 other
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India's deep-tech funding shift: Patience, patents, and big betsScanx•Jan 12, 2026•Shastra, Lightspeed Venture Partners
