About Sunicon Ventures
Sunicon Ventures is a venture capital firm founded in 2018. It is primarily based out of Mumbai, India. As of May 2026, Sunicon Ventures is an active investor, having invested in 35 companies, with 4 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 High Tech to Enterprise Applications and Retail. Most recently it participated in the $***** Series B round of StrainX Biotech Overall, Sunicon Ventures portfolio has seen 1 IPO, namely Sanjivani Parenteral. A lot of funds co-invest with Sunicon Ventures, with names like LVX sharing a substantial percentage of its portfolio. Sunicon Ventures has team of 13 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Deals in last 12 months
Sunicon Ventures' List of Top Investments
Sunicon Ventures has a portfolio of 35 companies. Their most notable investments are in SUIND and SUIND.Their portfolio spans across India, United States and Singapore. They have invested in High Tech, Enterprise Applications, Retail and 21 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Sunicon Ventures:1. Ensurity
Provider of FIDO2-certified biometric and passwordless authentication solutions. It offers hardware and software products for secure access to various systems, including Windows, Linux, macOS, RDP, and network appliances. Solutions are designed for enterprises, SMBs, and air-gapped infrastructure, supporting integration with Microsoft Entra ID and Hybrid AD. The company provides biometric security keys and a software platform enabling passwordless PC access and single sign-on to applications. This includes lifecycle management for authentication keys and an asset management system. The offerings also encompass multi-factor authentication deployment across multiple platforms.
Key facts about Ensurity
- Founded Year: 2010
- Location: Hyderabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5.13M
- Employee Count: 45 as on Sep 30, 2026
- Investors: Sunicon Ventures and 47 Others
- Latest Funding Round: Seed, Mar 30, 2020, $*****
- Highlight: Editors' Pick
2. Neemans
Online retailer of shoes for men and women of all types. The company provides sneakers, slip-ons, loafers, and sandals. Also available are oxfords, slides, clogs, flip-flops, and flats. The retailer offers shoes for casual, sports, outdoor, formal, and daily use.
Key facts about Neemans
- Founded Year: 2017
- Location: Hyderabad (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $19.4M
- Employee Count: 171 as on Jul 31, 2025
- Investors: Sixth Sense Ventures, Enam Holdings and 43 Others
- Latest Funding Round: Series B, Dec 29, 2025, $*****
- Highlight: Editors' Pick
3. Vidyakul
Online platform offering learning solutions to crack board exams. It offers courses in maths, physics, chemistry, and more for students in class 9th to 12th. It also provides curriculum video lessons, study notes, sample papers, and question papers. The app is available for Android users.
Key facts about Vidyakul
- Founded Year: 2017
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.76M
- Employee Count: 252 as on Sep 30, 2026
- Investors: NB Ventures, Dholakia Ventures and 156 Others
- Latest Funding Round: Seed, Jul 11, 2022, $*****
- Highlight: Editors' Pick
Provider of backpacker hostels with dormitory system accommodation in various locations. It offers a range of dormitories and private rooms in multiple locations. The company operates a chain of backpacker hostels that cater to budget-conscious travelers, providing amenities such as free WiFi, air-conditioned rooms, and breakfast. It bridges the gap between accessible travel and enthusiastic travelers. It prioritizes cleanliness, safety, and comfort in its properties.
Key facts about The Hosteller
- Founded Year: 2014
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $22.4M
- Employee Count: 963 as on Mar 31, 2026
- Investors: Verlinvest, BlackSoil and 80 Others
- Latest Funding Round: Series B, Apr 16, 2026, $*****
- Highlight: Editors' Pick
Manufacturer of high-performance lithium-ion and graphene batteries for drones and electric aviation. Its products include high-power-density batteries, battery management systems, and battery heating solutions designed to improve flight endurance, charging speed, safety, and reliability, with applications across agricultural, surveying, surveillance, and defense drones.
Key facts about Dreamfly Innovations
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $6.85M
- Employee Count: 36 as on May 31, 2026
- Investors: SIDBI, Unified Programming Interfaces and 25 Others
- Latest Funding Round: Venture Debt, Feb 02, 2026, $*****
- Highlight: Editors' Pick
Sunicon Ventures' Year-on-Year Investment Trends
Sunicon Ventures has invested in 35 companies over the last 5 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 10 investments, while as of May 2026, it has made 3 investments in this year. Its most recent first time investment was in WeatherCast Solutions and most recent follow-on round was in StrainX Biotech.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 6 | 4 | 10 |
2024 | 5 | 1 | 6 |
2023 | 2 | 0 | 2 |
2022 | 4 | 0 | 4 |
2021 | 2 | 0 | 2 |
Sunicon Ventures' Investments by Stage
Sunicon Ventures has made 19 investments in Seed stage with an average round size of $1.12M and 2 investments in Series A stage with an average round size of $4.42M.Stage of entry | No. of Investments |
|---|---|
Seed | 19 |
Series A | 2 |
Note: We have considered here, only first round of investments
Sunicon Ventures' Investments by Sector
Sunicon Ventures has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Consumer, Environment Tech and Food and Agriculture Tech. Notably, it has invested in 30 Tech companies, 27 Enterprise (B2B) companies, 13 Software companies and at least 12 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 9 |
Enterprise Applications | 7 |
Consumer | 4 |
Environment Tech | 3 |
Food and Agriculture Tech | 3 |
Others | 30 |
Note: We have considered here, only first round of investments
Sunicon Ventures' Investments by Geography
Sunicon Ventures has made most investments in India (19), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 19 |
Singapore | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Sunicon Ventures' recent investments
Sunicon Ventures has made 3 investments in 2026 so far. StrainX Biotech and WeatherCast Solutions are the latest among them.Here are the most recent investments by Sunicon Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 01, 2026 | India | Series B | 2124 | [+9] | |
May 2026 | India | Seed | 3613 | ||
Jan 21, 2026 | India | Seed | 1800 | [+7] | |
Nov 2025 | India | Seed | 6329 | - | |
Oct 27, 2025 | India | Seed | 4875 | [+2] |
IPOs and Publicly Listed companies in Sunicon Ventures' Portfolio
1 of Sunicon Ventures' portfolio company became public - Sanjivani Parenteral. It got listed on the Bombay Stock Exchange (BSE), in Aug 1996.Here are Sunicon Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 04, 1996 | - | - | 6063 |
Team profile of Sunicon Ventures
Sunicon Ventures has a team of 13 members including 3 Partners located in India. Sunicon Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Sunicon Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | Mumbai | - | ||
Partner | Mumbai | - | - |
Co-investors of Sunicon Ventures
Over the past 5 years, 507 investors have co-invested in Sunicon Ventures's portfolio companies. This includes funds and angels.
- Invested before Sunicon Ventures: Aksa Hospitality Llp, Deepali Mahajan and 236 others have invested in rounds before Sunicon Ventures. There is 1 company where Aksa Hospitality Llp has invested before Sunicon Ventures and 1 company where Deepali Mahajan has invested before Sunicon Ventures.
- Top Co-investors of Sunicon Ventures: 195 investors entered a company along with Sunicon Ventures. These include investors like LVX (3 companies).
- Invested after Sunicon Ventures: A total of 74 investors have invested in Sunicon Ventures's portfolio after their investments. Top Investors include V3 Ventures (1 company), Unit E Consulting (1 company) and Harsh Deepak Shah (1 company).
Recent News related to Sunicon Ventures
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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
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Sensesemi Bags ₹25 Cr Seed Funding to Build Edge AI ChipsAnalytics India Magazine•Jan 21, 2026•Jainoncor, LVX, Sensesemi, Piper Serica and 3 others
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Semiconductor Startup Sensesemi Raises INR 25 Cr To Build Edge AI ChipsInc42•Jan 21, 2026•Sensesemi, Piper Serica, Jainoncor, LVX and 4 others
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Performance nutrition brand Neulife raises $1 Mn in seed roundStartupNews•Oct 27, 2025•Subhkam Ventures, Neulife, Singularity Venture Partners, Sun Icon Ventures
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Cookd Secures INR 16 Cr in Pre-Series A Funding Led by Spring Marketing CapitalEnablers•Jul 11, 2025•Cookd, Spring, Eternal Capital, Sun Icon Ventures and 1 other
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GROWiT Raises $3 Million in Series A Funding for Agritech ExpansionIndian Startup News•May 28, 2025•GrowiT, Gujarat Venture Finance, Veloce Opportunities Fund, JITO Incubation & Innovation Foundation and 4 others
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Hyperbots Secures $6.5M Series A Fundingintelligence360•May 23, 2025•Hyperbots, Arkam Ventures, Athera, JSW Ventures and 3 others
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Hyperbots Raises $6.5M in Series A FundingFinSMEs•May 13, 2025•Hyperbots, Arkam Ventures, Athera, JSW Ventures and 3 others
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Hyperbots Secures $6.5M Series A FundingBusiness Line•May 13, 2025•Hyperbots, Arkam Ventures, Athera, JSW Ventures and 3 others
