About Sparrow Capital
Sparrow Capital is a venture capital firm founded in 2020. It is primarily based out of Bengaluru, India. As of Oct 2026, Sparrow Capital is an active investor, having invested in 48 companies, with 7 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 $***** Series B round of Zorit Overall, Sparrow Capital portfolio has seen 1 acquisition, namely Circle Health. A lot of funds co-invest with Sparrow Capital, with names like Beenext sharing a substantial percentage of its portfolio. Sparrow Capital has team of 8 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Sparrow Capital's List of Top Investments
Sparrow Capital has a portfolio of 48 companies. Their most notable investments are in Saswat Finance and HomeRun.Their portfolio spans across India, United States, Colombia and 1 more locations. They have invested in Enterprise Applications, Consumer, Retail and 25 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Sparrow Capital:
1. Deconstruct
Platform offering multi-category skincare products. It offers a wide range of science-backed solutions, including face and body care products, lip balms, cleansers, serums, and sunscreens. The brand also provides specialized kits such as an oily skin kit and a skin radiance routine kit. Its products cater to various skin types and concerns, including hydration, brightening, and anti-aging.
Key facts about Deconstruct
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $10.4M
- Employee Count: 74 as on Aug 31, 2025
- Investors: Verlinvest, Kalaari Capital and 16 Others
- Latest Funding Round: Series A, Dec 24, 2024, $*****
- Highlight: Editors' Pick
2. Gushwork
Developer of an AI-powered platform generating inbound leads from search. The platform uses AI agents to research buyer intent and create content. It publishes content to a website, builds backlinks, and optimizes for search engines. The platform provides a lead dashboard with spam filtering.
Key facts about Gushwork
- Founded Year: 2023
- Location: Lewes (United States)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $11.1M
- Employee Count: 80 as on May 31, 2026
- Investors: Lightspeed, B Capital and 9 Others
- Latest Funding Round: Seed, Feb 26, 2026, $*****
- Highlight: Editors' Pick
3. Furnishka
Internet first brand of multi-category home furniture. It stocks a variety of products, including sofas, coffee tables, dining sets, beds, wardrobes, and home decor items. The retailer provides both online and offline shopping experiences through its chain of stores. Customers can find furniture suitable for Indian households, with a focus on providing durable and long-lasting pieces at competitive prices.
Key facts about Furnishka
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $9.48M
- Employee Count: 55 as on Jan 31, 2025
- Investors: India Quotient, DSP Mutual Fund and 32 Others
- Latest Funding Round: Seed, Jul 28, 2026, $*****
4. Apnamart
Hybrid model grocery delivery services with a focus on providing products at affordable prices. It offers a wide range of products through its online platform and physical stores, aiming to revolutionize grocery shopping experiences for cities. The company leverages a franchise-driven omnichannel model to provide 15-minute deliveries of daily groceries and FMCG products. With a focus on high-quality products and convenience.
Key facts about Apnamart
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $50.7M
- Employee Count: 351 as on Aug 31, 2025
- Investors: Stride Ventures, Peak XV Partners and 23 Others
- Latest Funding Round: Series C, Jul 01, 2026, $*****
5. Aukera
Lab-grown diamond jewellery brand offering rings, earrings, and fine jewellery. It offers a wide range of products including engagement rings, bridal rings, earrings, bracelets, necklaces, mangalsutras, bangles, pendants, and nosepins. Its collections feature IGI-certified diamonds, 18-karat gold jewellery, contemporary designs, and solitaire pieces. The brand operates through online sales and physical retail stores, supported by customer services such as assured buyback and lifetime exchange.
Key facts about Aukera
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $19.5M
- Employee Count: 226 as on May 01, 2026
- Investors: Innoven Capital, Fireside Ventures and 10 Others
- Latest Funding Round: Conventional Debt, Jul 10, 2026, $*****
- Highlight: Editors' Pick
Sparrow Capital's Year-on-Year Investment Trends
Sparrow Capital has invested in 48 companies over the last 6 years, with an average of 7 new investments annually in the last 5 years. In 2025, it made 15 investments, while as of Oct 2026, it has made 12 investments in this year. Its most recent first time investment was in Zorit and most recent follow-on round was in ReplyAll.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 6 | 12 |
2025 | 6 | 9 | 15 |
2024 | 10 | 3 | 13 |
2023 | 4 | 1 | 5 |
2022 | 7 | 2 | 9 |
2021 | 8 | 0 | 8 |
2020 | 1 | 0 | 1 |
Sparrow Capital's Investments by Stage
Sparrow Capital has made 36 investments in Seed stage with an average round size of $1.59M, 5 investments in Series A stage with an average round size of $3.39M and 1 investment in Series B stage with an average round size of $2.84M.Stage of entry | No. of Investments |
|---|---|
Seed | 36 |
Series A | 5 |
Series B | 1 |
Note: We have considered here, only first round of investments
Sparrow Capital's Investments by Sector
Sparrow Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, Consumer Goods and FinTech. Notably, it has invested in 41 Tech companies, 27 Enterprise (B2B) companies, 24 Software companies and at least 22 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 16 |
Consumer | 13 |
Retail | 11 |
Consumer Goods | 5 |
FinTech | 5 |
Others | 44 |
Note: We have considered here, only first round of investments
Sparrow Capital's Investments by Geography
Sparrow Capital has made most investments in India (35), followed by United States where it has made 8 investments.Country | No. of Investments |
|---|---|
India | 35 |
United States | 8 |
Colombia | 1 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Sparrow Capital's recent investments
Sparrow Capital has made 12 investments in 2026 so far. Zorit and ReplyAll are the latest among them.Here are the most recent investments by Sparrow Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 28, 2026 | India | Series B | 6288 | [+5] | |
Aug 28, 2026 | India | Seed | 7417 | [+11] | |
Aug 10, 2026 | Colombia | Seed | 9942 | [+1] | |
Aug 05, 2026 | India | Seed | 3141 | [+9] | |
Jul 28, 2026 | India | Seed | 3076 | [+11] |
Acquired companies in Sparrow Capital's Portfolio
1 company from Sparrow Capital's portfolio has been acquired. The most recent acquisition was Circle Health in May 2026 by Canada Life for $*****.Here are Sparrow Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 18, 2026 | Feb 2026 | Seed | 8767 |
Team profile of Sparrow Capital
Sparrow Capital has a team of 8 members including 5 Partners located in India. Sparrow Capital's team does not sit on the board of any company as of now.Here is a list of all team members in Sparrow Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | ||
Partner | Bengaluru | - |
Co-investors of Sparrow Capital
Over the past 6 years, 641 investors have co-invested in Sparrow Capital's portfolio companies. This includes funds and angels.
- Invested before Sparrow Capital: Kunal Bahl, Rohit Kumar Bansal and 164 others have invested in rounds before Sparrow Capital. There are 5 companies where Kunal Bahl has invested before Sparrow Capital and 5 companies where Rohit Kumar Bansal has invested before Sparrow Capital.
- Top Co-investors of Sparrow Capital: 318 investors entered a company along with Sparrow Capital. These include investors like Beenext (7 companies).
- Invested after Sparrow Capital: A total of 157 investors have invested in Sparrow Capital's portfolio after their investments. Top Investors include Angel List (3 companies), Panthera Peak (3 companies) and We Founder Circle (2 companies).
Recent News related to Sparrow Capital
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Bijnis Rebrands As Zorit, Raises ₹27 Cr For B2B Quick CommerceInc42•Oct 29, 2026•Bijnis, Sparrow Capital, WaterBridge, Info Edge Ventures and 2 others
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Info Edge Backs Written-Off Startup Again as Sparrow Capital Leads Funding RoundVCCircle•Oct 28, 2026•Info Edge, Sparrow Capital, Sparrow Capital Management, Zorit
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ReplyAll Apparel Raises Rs 9.7 Cr in Pre-Series A FundingEntrackr•Oct 26, 2026•Long View Ventures, Atom XVII, Antler, Sadev Ventures and 3 others
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Nexus Venture Partners Leads HomeRun's $12M Series A+ to Scale Quick Commerce for Construction MaterialsIndianWeb2•Aug 06, 2026•HomeRun, Nexus Venture Partners, Titan Capital, Sorin Investments and 2 others
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Personal assistance startup Hulp secures $2.6 Mn seed fundingEntrackr•Aug 05, 2026•Hulp, Sparrow Capital, BITKRAFT Ventures, DeVC and 1 other
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Lab-Grown Diamond Brand Aukera Raises ₹90 Cr Debt To Expand Store NetworkInc42•Jul 10, 2026•Aukera, Alteria Capital, Fireside Ventures, Peak XV Partners and 4 others
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Sparrow Capital Announces Final Close of Third Fund at Rs 475 CroreEntrackr•Jul 02, 2026•Sparrow Capital
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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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Propsoch raises USD 2 mn seed funding to expand businessNewsDrum•Jun 03, 2026•Propsoch, Athera, Sparrow Capital, Vakilhousing
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StrainX Bioworks Secures $13 Million in Funding Led by Prime Venture Partners and Leo CapitalViestories•May 25, 2026•StrainX Biotech, Leo Capital, Prime Venture Partners, Sparrow Capital and 5 others
