About Stellaris
Stellaris is a venture capital firm founded in 2017. It is primarily based out of India. As of Jul 2026, Stellaris is an active investor, having invested in 81 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 $***** Series A round of Carpl Overall, Stellaris portfolio has seen 1 unicorn, 1 IPO and 5 acquisitions including key companies like Glance, Mamaearth and Vogo. A lot of funds co-invest with Stellaris, with names like Angel List sharing a substantial percentage of its portfolio. Stellaris has team of 15 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Portfolio Unicorns
Stellaris' List of Top Investments
Stellaris has a portfolio of 81 companies, one of which is a Unicorn. Their most notable investments are in RDash and Dashtoon.Their portfolio spans across India, United States, Singapore and 1 more locations. They have invested in Enterprise Applications, Consumer, Retail and 25 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Stellaris:
1. Whatfix
Developer of a digital adoption platform providing in-application user guidance. The platform offers tools for creating contextual guidance, analyzing user engagement, and replicating applications for training. It provides solutions for AI adoption, change acceleration, employee training, and user support. The platform supports workflow optimization and feature adoption across various industries.
Key facts about Whatfix
- Founded Year: 2013
- Location: San Jose (United States)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $266M
- Employee Count: 1,102 as on Jun 30, 2026
- Investors: Helion Venture Partners, Dragoneer Investment Group and 37 Others
- Latest Funding Round: Series E, Sep 19, 2024, $*****
- Highlight: Editors' Pick
2. Glance
Developer of an AI-powered shopping agent providing personalized style inspiration. The agent uses intuitive intelligence to curate a shopping feed. It collaborates to provide a shopping experience tailored to the user. The company also provides resources and a help center.
Key facts about Glance
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: $50M - $100M as on Mar 31, 2024
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $390M
- Employee Count: 584 as on May 31, 2025
- Investors: Mithril, Stride Ventures and 12 Others
- Latest Funding Round: Venture Debt, Mar 01, 2025, $*****
- Highlight: Editors' Pick
3. Mamaearth
Online brand offering toxin-free beauty products. The business offers a variety of items across several categories, including face, hair, makeup, body, and baby care. It also provides combos, gift packs, and new product launches.
Key facts about Mamaearth
- Founded Year: 2016
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $89.3M
- Employee Count: 969 as on Aug 31, 2025
- Investors: Evolvence Equity Partners, Evolvence India and 15 Others
- Latest Funding Round: Angel, Sep 13, 2022, $*****
- Highlight: Public
4. CityMall
Online marketplace offering multi-category products. It provides a wide selection that includes fashion, electronics, groceries, and daily-use items. The platform enables customers to explore different categories at competitive prices, catering to varied shopping needs.
Key facts about CityMall
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $153M
- Employee Count: 1,871 as on Aug 31, 2025
- Investors: Elevation Capital, Arena Ventures and 53 Others
- Latest Funding Round: Conventional Debt, Sep 01, 2025, $*****
- Highlight: Editors' Pick
5. LoadShare
Provider of end-to-end logistics delivery services. It is a technology-driven logistics network that provides intercity, intracity, warehouse delivery services and it also enables users to track the shipments. It also provides customized logistics solutions.
Key facts about LoadShare
- Founded Year: 2017
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $65M
- Employee Count: 497 as on Aug 31, 2025
- Investors: Tiger Global Management, Stride Ventures and 33 Others
- Latest Funding Round: Series C, Aug 31, 2024, $*****
- Highlight: Editors' Pick
Stellaris' Year-on-Year Investment Trends
Stellaris has invested in 81 companies over the last 10 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 16 investments, while as of Jul 2026, it has made 4 investments in this year. Its most recent first time investment was in Atlas and most recent follow-on round was in Carpl.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 2 | 4 |
2025 | 10 | 6 | 16 |
2024 | 9 | 7 | 16 |
2023 | 10 | 5 | 15 |
2022 | 9 | 9 | 18 |
2021 | 13 | 6 | 19 |
2020 | 5 | 7 | 12 |
2019 | 4 | 5 | 9 |
2018 | 8 | 4 | 12 |
2017 | 5 | 1 | 6 |
Stellaris' Investments by Stage
Stellaris has made 60 investments in Seed stage with an average round size of $2.58M and 16 investments in Series A stage with an average round size of $6.29M.Stage of entry | No. of Investments |
|---|---|
Seed | 60 |
Series A | 16 |
Note: We have considered here, only first round of investments
Stellaris' Investments by Sector
Stellaris has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, FinTech and High Tech. Notably, it has invested in 78 Tech companies, 45 Consumer (B2C) companies, 42 Software companies and at least 40 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 32 |
Enterprise Applications | 29 |
Retail | 23 |
FinTech | 14 |
High Tech | 9 |
Others | 72 |
Note: We have considered here, only first round of investments
Stellaris' Investments by Geography
Stellaris has made most investments in India (62), followed by United States where it has made 14 investments.Country | No. of Investments |
|---|---|
India | 62 |
United States | 14 |
Singapore | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Stellaris' recent investments
Stellaris has made 4 investments in 2026 so far. Carpl and Zouk are the latest among them.Here are the most recent investments by Stellaris:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 23, 2026 | India | Series A | 7469 | ||
May 19, 2026 | India | Series B | 8411 | [+2] | |
Apr 08, 2026 | Singapore | Seed | 4511 | ||
Jan 13, 2026 | India | Seed | 5332 | [+4] | |
Dec 26, 2025 | India | Seed | 3148 |
Unicorns in Stellaris' Portfolio
Stellaris has 1 unicorn in its portfolio - Glance. The most recent unicorn in their portfolio is Glance which became a unicorn in 2020, 5 years before Stellaris first invested in it.Here is a list of unicorns in Stellaris' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
78 | Developer of an AI-powered shopping agent providing personalized style inspiration | 2019 | Bengaluru | Series D | auctevn |
IPOs and Publicly Listed companies in Stellaris' Portfolio
1 of Stellaris' portfolio company became public - Mamaearth. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2023 at marketcap of $1.25BHere are Stellaris' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 07, 2023 | Sep 01, 2018 | Series A | 7657 |
Acquired companies in Stellaris' Portfolio
5 companies from Stellaris' portfolio have been acquired. The most recent acquisition was Vogo in Mar 2022 by Chalo for $*****.Here are Stellaris' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 28, 2022 | Apr 18, 2018 | Series A | 5671 | |
Nov 03, 2021 | Dec 20, 2019 | Seed | 8135 | |
Oct 05, 2021 | Dec 12, 2019 | Seed | 4882 | |
Jun 14, 2021 | Jun 26, 2018 | Series A | 9544 | |
Apr 20, 2021 | Jul 02, 2018 | Seed | 3612 |
Team profile of Stellaris
Stellaris has a team of 15 members including 1 Partner and 5 Principals located in India. Stellaris' team sits on the board of 9 companies.Here is a list of top team members in Stellaris:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | - | - | ||
Principal | Bengaluru | Clove Dental, Vogo and 8 more | ||
Principal | India | - | - | |
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | ||
Principal | Delhi | - |
Co-investors of Stellaris
Over the past 10 years, 1205 investors have co-invested in Stellaris's portfolio companies. This includes funds and angels.
- Invested before Stellaris: Y Combinator, Rajesh Sawhney and 347 others have invested in rounds before Stellaris. There are 4 companies where Y Combinator has invested before Stellaris and 3 companies where Rajesh Sawhney has invested before Stellaris.
- Top Co-investors of Stellaris: 463 investors entered a company along with Stellaris. These include investors like Angel List (11 companies).
- Invested after Stellaris: A total of 393 investors have invested in Stellaris's portfolio after their investments. Top Investors include Alteria Capital (8 companies), Peak XV Partners (5 companies) and Trifecta Capital (4 companies).
Recent News related to Stellaris
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TT&A advised IFC in its minority investment in Aditya Birla Capital LimitedLexology•Jul 20, 2026•IFC, Aditya Birla Capital, TT&A, Carpl and 1 other
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Kim.cc Secures New Funding Round Led by Stellaris Venture Partners to Fuel US ExpansionMassinvestor•Jul 01, 2026•Stellaris, Kim.cc
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Zouk to Raise Rs 60 Crore in Pre-Series C Funding Round Led by Aavishkaar Capital and Stellaris Venture PartnersEntrackr•Jun 02, 2026•Aavishkaar Capital, Sharrp Ventures, Zouk, Stellaris and 1 other
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General Catalyst just led a $63M bet on India’s travel payments marketTechCrunch+•May 20, 2026•Scapia, Peak XV Partners, General Catalyst, Z47 and 3 others
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Melazyme Raises $2M to Advance Melanin and Sweet Protein PlatformGreen Queen•May 14, 2026•SeaX Ventures, Stellaris, Plug and Play Tech Center
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Accounting Tech Startup Atlas Raises $6 Million Led by Accel, StellarisViestories•Apr 08, 2026•Stellaris, Accel, Atlas, Atlas Technologies and 2 others
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AI agents are in vogue, but most of them fail to pass the investor testPressReader•Mar 17, 2026•Stellaris, Arrowhead
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Stellaris Venture Partners is eager to back AI startups but conviction ...YourStory•Mar 05, 2026•Stellaris
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Material Depot Nets $10 Mn To Scale Omnichannel Home Interiors PlayStartupNews•Feb 05, 2026•Stellaris, Accel, Material Depot, BharatPe and 5 others
