About Tenacity Ventures
Tenacity Ventures is a venture capital firm founded in 2021. It is primarily based out of Mumbai, India. As of Feb 2026, Tenacity Ventures is an active investor, having invested in 22 companies, with 3 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Conventional Debt round of Statiq Overall, Tenacity Ventures portfolio has seen 3 unicorns and 1 acquisition including key companies like Purplle, Pristyn Care and Branch. A lot of funds co-invest with Tenacity Ventures, with names like Peak XV Partners sharing a substantial percentage of its portfolio. Tenacity Ventures has team of 10 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series C & 4 more
Portfolio Acquisitions
Portfolio Unicorns
Tenacity Ventures' List of Top Investments
Tenacity Ventures has a portfolio of 22 companies, including 3 unicorns. Their most notable investments are in Clear and Statiq.Their portfolio spans across India, United States and Singapore. They have invested in Enterprise Applications, High Tech, FinTech and 13 other sectors, across stages such as Series A, Series C and 4 more. Here is the list of top investments by Tenacity Ventures:1. Purplle
Brand of beauty and cosmetic products. It provides a platform for browsing and purchasing items from various categories. It offers resources such as a help center with FAQs and order tracking. The platform supports secure payments with major credit and debit cards. It offers a range of beauty and personal care products, including cosmetics, skincare, haircare, fragrances, and wellness items.
Key facts about Purplle
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $560M
- Employee Count: 973 as on Jul 31, 2025
- Investors: Goldman Sachs, ADIA and 108 Others
- Latest Funding Round: Series F, Jun 27, 2024, $*****
- Highlight: Editors' Pick
2. Exotel
Provider of cloud-based communication platform offering AI-powered customer engagement solutions. The platform delivers enterprise connectivity and conversation intelligence across various channels. It offers tools for intelligent voice and chat agents, conversational context, and AI-powered contact centers. The platform provides features such as voice streaming, dynamic SIP trunking, and messaging application programming interfaces.
Key facts about Exotel
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $97.7M
- Employee Count: 574 as on Jun 30, 2025
- Investors: Steadview, CX Partners and 65 Others
- Latest Funding Round: Venture Debt, May 09, 2023, $*****
- Highlight: Editors' Pick
3. Seclore
Provider of data-centric security software for preventing data theft and compliance. The platform facilitates discovery, classification, protection, monitoring, and tracking of sensitive digital assets. It offers digital asset classification, enterprise digital rights management, and risk insights. The platform provides APIs, SDKs, and email encryption. It integrates with data loss prevention, cloud access security brokers, and SIEM tools.
Key facts about Seclore
- Founded Year: 2008
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $51.8M
- Employee Count: 332 as on Aug 31, 2025
- Investors: Helion Venture Partners, Trifecta Capital and 39 Others
- Latest Funding Round: Series D, Oct 15, 2025, $*****
- Highlight: Editors' Pick
4. Toddle
Developer of learning management software for curriculum and assessment planning. This platform provides tools for educators to design curriculum maps, manage lesson plans, and track student progress through digital portfolios and gradebooks. It incorporates artificial intelligence to assist with grading, report generation, and the creation of instructional materials. The system facilitates communication between school communities and supports administrative tasks such as attendance tracking, scheduling, and accreditation management. Designed for educational institutions, the software integrates with various digital tools to centralize teaching workflows and personalize student learning experiences.
Key facts about Toddle
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $29.6M
- Employee Count: 321 as on Apr 30, 2025
- Investors: Trifecta Capital, GSV Ventures and 47 Others
- Latest Funding Round: Series A, Jan 24, 2025, $*****
- Highlight: Editors' Pick
5. Statiq
Manufacturer of electric vehicle charging hardware and operator of networks. This business produces alternating current and direct current charging equipment for residential and commercial use. It provides software systems to manage, monitor, and optimize charging infrastructure performance. The hardware supports various power capacities to accommodate different vehicle battery requirements. Users access the charging infrastructure through a mobile application to locate stations, initiate sessions, and process payments.
Key facts about Statiq
- Founded Year: 2020
- Location: Gurugram (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $45.5M
- Employee Count: 280 as on May 31, 2026
- Investors: Shell, Utopian and 9 Others
- Latest Funding Round: Conventional Debt, Feb 18, 2026, $*****
- Highlight: Editors' Pick
Tenacity Ventures' Year-on-Year Investment Trends
Tenacity Ventures has invested in 22 companies over the last 5 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 9 investments, while as of Feb 2026, it has made 2 investments in this year. Its most recent first time investment was in Statiq and most recent follow-on round was in Statiq.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 4 | 5 | 9 |
2024 | 5 | 0 | 5 |
2023 | 1 | 1 | 2 |
2022 | 3 | 0 | 3 |
2021 | 1 | 0 | 1 |
Tenacity Ventures' Investments by Stage
Tenacity Ventures is primarily an Early Stage Investor investor majorly investing in Series A (8) rounds where average round size is $81M, Series C (2) rounds where average round size is $33.9M and Series D (2) rounds where average round size is $21.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 8 |
Series C | 2 |
Series D | 2 |
Seed | 1 |
Series B | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Tenacity Ventures' Investments by Sector
Tenacity Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Enterprise Infrastructure, FinTech and Vertical SaaS. Notably, it has invested in 21 Tech companies, 18 Enterprise (B2B) companies, 17 Software companies and at least 14 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 14 |
High Tech | 6 |
Enterprise Infrastructure | 4 |
FinTech | 4 |
Vertical SaaS | 3 |
Others | 17 |
Note: We have considered here, only first round of investments
Tenacity Ventures' Investments by Geography
Tenacity Ventures has made most investments in India (15), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 15 |
United States | 3 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Tenacity Ventures' recent investments
Tenacity Ventures has made 2 investments in 2026 so far - Statiq and Statiq.Here are the most recent investments by Tenacity Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 18, 2026 | India | Conventional Debt | 6235 | [+2] | |
Jan 06, 2026 | India | Series A | 4084 | [+2] | |
Dec 24, 2025 | India | Series A | 4814 | [+7] | |
Nov 12, 2025 | United States | Series B | 9702 | [+2] | |
Oct 15, 2025 | India | Series D | 5208 | - |
Unicorns in Tenacity Ventures' Portfolio
Tenacity Ventures has 3 unicorns in its portfolio - Purplle, Pristyn Care and Branch. The most recent unicorn in their portfolio is Purplle. It became a unicorn in 2022, 4 years before Tenacity Ventures first invested in it.Here is a list of unicorns in Tenacity Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
85 | Brand of beauty and cosmetic products | 2012 | Mumbai | Series F | ospgepf | ||
66 | Chains providing surgical procedures across various medical and clinical specialties | 2018 | Gurugram | Series E | sv{vgpa | ||
66 | Cloud based marketing optimization platform for deep linking | 2014 | Palo Alto | Series F | sp{ukot |
Acquired companies in Tenacity Ventures' Portfolio
1 company from Tenacity Ventures' portfolio has been acquired. The most recent acquisition was Effectiv in Oct 2024 by Socure for $*****.Here are Tenacity Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 24, 2024 | - | - | 3950 |
Team profile of Tenacity Ventures
Tenacity Ventures has a team of 10 members including 9 Partners located in India and United States. Tenacity Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Tenacity Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Mumbai | - | ||
Partner | - | - | - | |
Partner | - | - | ||
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Partner | Bengaluru | - | ||
Partner | United States | - | - | |
Partner | Mumbai | - |
Co-investors of Tenacity Ventures
Over the past 5 years, 383 investors have co-invested in Tenacity Ventures's portfolio companies. This includes funds and angels.
- Invested before Tenacity Ventures: Trifecta Capital, Z47 and 326 others have invested in rounds before Tenacity Ventures. There are 3 companies where Trifecta Capital has invested before Tenacity Ventures and 2 companies where Z47 has invested before Tenacity Ventures.
- Top Co-investors of Tenacity Ventures: 30 investors entered a company along with Tenacity Ventures. These include investors like Peak XV Partners (2 companies).
- Invested after Tenacity Ventures: A total of 25 investors have invested in Tenacity Ventures's portfolio after their investments. Top Investors include Daniel Carroll (1 company), Shreyasi Singh (1 company) and Frank Warren (1 company).
Recent News related to Tenacity Ventures
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EV charging startup Statiq raises $18 Mn led by Tenacity VenturesStartupNews•Feb 18, 2026•Tenacity Ventures, Statiq, Shell, Y Combinator and 1 other
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Peptris raises Rs 70 Cr in Series A round led by IAN Alpha FundViestories•Feb 18, 2026•Indian Angel Network, Peptris, Speciale Invest, BYT Capital and 1 other
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CloudSEK secures $10M investment from US state fund, a first for Indian cybersecurity firmsLivemint•Jan 13, 2026•CloudSEK, Connecticut Innovations, Tenacity Ventures, Neon and 7 others
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Attentive.ai Secures $30.5 Million Series B to Accelerate AI Innovation in ConstructionBusiness Wire•Nov 12, 2025•Tenacity Ventures, Info Edge Ventures, Vertex Ventures, Attentive and 4 others
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CloudSEK Raises $19M to Scale Predictive Cybersecurity GloballyCyberMedia India Online•May 21, 2025•CloudSEK, MassMutual Ventures, Tenacity Ventures
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CloudSEK, a cybersecurity startup, secures $19 million in fundingYourStory•May 21, 2025•CloudSEK, MassMutual Ventures, Inflexor, Prana Ventures and 5 others
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CloudSEK Raises $19M to Advance Predictive Cybersecurity and Expand Globally
TechStory•May 21, 2025•CloudSEK, MassMutual Ventures, Inflexor, Prana Ventures and 5 others
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CureBay Secures $21 Million in Series B FundingBusinessnewsthisweek•May 20, 2025•CureBay, Bertelsmann, Inflexor, Tenacity Ventures and 2 others
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QNu Labs has raised INR 60 Cr in a Series A funding round led by the National Quantum MissionEnablers•Apr 30, 2025•QNu Labs, Com.pk, Speciale Invest, Tenacity Ventures and 1 other
