About Swadharma Source Ventures
Swadharma Source Ventures is a venture capital firm founded in 1969. It is primarily based out of London, United Kingdom. As of Sep 2025, Swadharma Source Ventures has invested in 35 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Seed round of Superfam.app Overall, Swadharma Source Ventures portfolio has seen 1 unicorn, namely GoGuardian. A lot of funds co-invest with Swadharma Source Ventures, with names like Angel List sharing a substantial percentage of its portfolio. Swadharma Source Ventures has team of 2 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Unicorns
Swadharma Source Ventures' List of Top Investments
Swadharma Source Ventures has a portfolio of 35 companies, one of which is a Unicorn. Their most notable investments include STAGE and Jar.Their portfolio spans across India, United States and Singapore. They have invested in Enterprise Applications, FinTech, Retail and 17 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Swadharma Source Ventures:_1578648263290.png?format=webp&height=120&width=120){kind=logo}
1. STAGE
Provider of Indian movies, web series and originals. It offers a variety of content in different languages such as Haryanvi, Rajasthani, Bhojpuri, and Gujarati. The platform provides access to a wide selection of movies and shows across genres like drama, romance, thriller, and comedy.
Key facts about STAGE
- Founded Year: 2019
- Location: Delhi (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $23.7M
- Employee Count: 109 as on Aug 31, 2025
- Investors: GrowthStory, NB Ventures and 203 Others
- Latest Funding Round: Series B, Dec 13, 2024, $*****
- Highlight: Editors' Pick
2. Jar
Provider of a financial platform that enables users to save money in digital gold. The platform allows individuals to set aside fixed amounts on a daily, weekly, or monthly basis. Users have the flexibility to withdraw their savings as cash, receive physical gold, or invest in jewellery. By leveraging digital infrastructure, the service aims to simplify the process of building savings habits through gold accumulation.
Key facts about Jar
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $66.8M
- Employee Count: 267 as on May 31, 2026
- Investors: Staenberg Venture Partners, BlackSoil and 135 Others
- Latest Funding Round: Series B, Sep 10, 2026, $*****
- Highlight: Editors' Pick
3. GoGuardian
AI and cloud-based platform offering school management software. The platform enables members to monitor, manage, and filter any school device on your network. Schools can also monitor student activity, control inappropriate content, and manage theft. It also helps members in identifying students who are most at risk of suicide using machine learning.
Key facts about GoGuardian
- Founded Year: 2014
- Location: Los Angeles (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $200M
- Employee Count: 537 as on Sep 30, 2026
- Investors: Sumeru Equity Partners, Golub Growth and 5 Others
- Latest Funding Round: Series B, Aug 05, 2021, $*****
- Highlight: Editors' Pick
4. Troovy
Manufacturer of clean-label snacks and food products for children. The company produces a range of wholesome treats including vegetable and grain-based chips, pasta, and various sauces. All products are formulated without artificial preservatives, colours, refined sugar, maida, or palm oil. The focus is on providing nutritious, transparently sourced food options that support healthy eating habits for growing children. PF = Yes
Key facts about Troovy
- Founded Year: 2021
- Location: Gurugram (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $8.69M
- Employee Count: 74 as on May 31, 2026
- Investors: Fireside Ventures, Sharrp Ventures and 33 Others
- Latest Funding Round: Series A, Nov 17, 2025, $*****
- Highlight: Editors' Pick
5. OnFinance AI
Developer of artificial intelligence agents for automated regulatory compliance management. This system processes regulatory communications to generate actionable tasks and monitor updates from financial authorities. It automates evidence collection, tracks document circulation, and verifies content to support audit preparation. The software integrates with existing document management and business workflow systems to centralize oversight. It provides tools for generating reports, managing circulars, and mapping regulations to business activities.
Key facts about OnFinance AI
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5.25M
- Employee Count: 48 as on Aug 31, 2026
- Investors: Indian Angel Network, Maya Valley Ventures and 73 Others
- Latest Funding Round: Seed, Sep 04, 2025, $*****
- Highlight: Editors' Pick
Swadharma Source Ventures' Year-on-Year Investment Trends
Swadharma Source Ventures has invested in 35 companies over the last 3 years, with an average of 2 new investments annually in the last 3 years. In 2025, it made 2 investments. Its most recent first time investment was in Superfam.app.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
Swadharma Source Ventures' Investments by Stage
Swadharma Source Ventures has made 5 investments in Seed stage with an average round size of $800K and 1 investment in Series A stage with an average round size of $1.91M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 1 |
Note: We have considered here, only first round of investments
Swadharma Source Ventures' Investments by Sector
Swadharma Source Ventures has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Aerospace, Maritime and Defense Tech, Artificial Intelligence - Industry Applications and Chemicals and Materials. Notably, it has invested in 31 Tech companies, 20 Enterprise (B2B) companies, 20 Software companies and at least 18 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
High Tech | 3 |
Enterprise Applications | 2 |
Aerospace, Maritime and Defense Tech | 1 |
Artificial Intelligence - Industry Applications | 1 |
Chemicals and Materials | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Swadharma Source Ventures' Investments by Geography
Swadharma Source Ventures has made most investments in India (4), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 4 |
United States | 1 |
Note: We have considered here, only first round of investments
Swadharma Source Ventures' recent investments
Swadharma Source Ventures has not made any investment in 2026 so far.Here are the most recent investments by Swadharma Source Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 30, 2025 | - | Seed | 1363 | [+1] | |
Feb 11, 2025 | United States | Seed | 6785 | [+3] | |
Sep 30, 2024 | India | Series A | 3473 | [+16] | |
Jan 03, 2024 | India | Seed | 9811 | [+19] | |
Dec 18, 2023 | India | Seed | 3532 | [+11] |
Unicorns in Swadharma Source Ventures' Portfolio
Swadharma Source Ventures has 1 unicorn in its portfolio - GoGuardian. The most recent unicorn in their portfolio is GoGuardian which became a unicorn in 2021, 5 years before Swadharma Source Ventures first invested in it.Here is a list of unicorns in Swadharma Source Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
72 | AI and cloud-based platform offering school management software | 2014 | Los Angeles | Series B | ywjhwhp |
Team profile of Swadharma Source Ventures
Swadharma Source Ventures has a team of 2 members including 2 Partners located in India. Swadharma Source Ventures' team does not sit on the board of any company as of now.Co-investors of Swadharma Source Ventures
Over the past 3 years, 164 investors have co-invested in Swadharma Source Ventures's portfolio companies. This includes funds and angels.
- Invested before Swadharma Source Ventures: Ravi Swarup, K Anil Kumar and 41 others have invested in rounds before Swadharma Source Ventures. There is 1 company where Ravi Swarup has invested before Swadharma Source Ventures and 1 company where K Anil Kumar has invested before Swadharma Source Ventures.
- Top Co-investors of Swadharma Source Ventures: 106 investors entered a company along with Swadharma Source Ventures. These include investors like Angel List (3 companies).
- Invested after Swadharma Source Ventures: A total of 15 investors have invested in Swadharma Source Ventures's portfolio after their investments. Top Investors include Sharrp Ventures (1 company), Early Spring (1 company) and Spring (1 company).
Recent News related to Swadharma Source Ventures
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SuperFam Secures $400K Pre-Seed Round Led by Fundamental VC for AI-Powered Family ManagementStartupNews•Sep 30, 2025•Swadharma Source Ventures, Untitled Ventures, Superfam.app, Fundamental
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Future AGI launches world’s most accurate multimodal AI evaluation toolintelligence360•Feb 11, 2025•Future AGI, Powerhouse Ventures, Snow Leopard Global, Angel List and 3 others
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Sauce Startup Troovy In Talks To Secure Rs 13 Cr From Sharrp VenturesInfomance•Sep 20, 2024•Troovy, Sharrp Ventures, Veltis Capital, Swadharma Source Ventures
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