About Tetration Ventures
Tetration Ventures is a venture capital firm founded in 2012. It is primarily based out of Delhi, India. As of Oct 2025, Tetration Ventures is an active investor, having invested in 51 companies, with 2 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 Retail and Consumer. Most recently it participated in the $***** Series A round of immunitoAI Overall, Tetration Ventures portfolio has seen 1 IPO, namely IndiGrid. A lot of funds co-invest with Tetration Ventures, with names like Invstt sharing a substantial percentage of its portfolio. Tetration Ventures has team of 6 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Deals in last 12 months
Tetration Ventures' List of Top Investments
Tetration Ventures has a portfolio of 51 companies. Their most notable investments are in GoodGudi and Blostem.Their portfolio spans across India, United States and Singapore. They have invested in Enterprise Applications, Retail, Consumer and 22 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Tetration Ventures:1. SuperK
Retail chain of supermarkets. It provides site selection assistance, franchise training, marketing support, technology integration, supply chain management, retail operations support, inventory management, and online grocery delivery. It also provides groceries and essentials to the public, but it also has a strong enterprise component by partnering with entrepreneurs.
Key facts about SuperK
- Founded Year: 2019
- Location: Visakhapatnam (India)
- Annual Revenue: ₹96.3Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $24.3M
- Employee Count: 153 as on Aug 31, 2025
- Investors: Blume Venture, Venture Catalysts and 66 Others
- Latest Funding Round: Series B, Jun 30, 2025, $*****
2. IndiGrid
Infrastructure fund focused on multiple sectors. The company operates power transmission lines, substations, and battery energy storage systems. Their vision is to build the nation by delivering power and creating value for investors.
Key facts about IndiGrid
- Founded Year: 2016
- Location: Delhi (India)
- Stage: Public
- Total Funding till date: $368M
- Employee Count: 477 as on May 31, 2026
- Investors: GIC, Utilico Emerging Markets Trust and 4 Others
- Latest Funding Round: Post IPO, Jan 23, 2026, $*****
- Highlight: Public
3. ELIVAAS
Provider of a luxury vacation home rental marketplace. The platform offers exclusive vacation homes for short-term rentals, providing users with a wide range of options for weekend getaways or longer stays. The company offers a variety of services to owners of luxury properties, helping them to monetize and manage their properties. The platform allows users to search, book, and enjoy luxurious villa stays in various locations.
Key facts about ELIVAAS
- Founded Year: 2023
- Location: Gurugram (India)
- Annual Revenue: ₹40.1Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $18.5M
- Employee Count: 345 as on Aug 31, 2025
- Investors: 3one4 Capital, QED Innovation Labs and 29 Others
- Latest Funding Round: Series B, Aug 08, 2025, $*****
- Highlight: Editors' Pick
Developer of software tools for managing online commerce business operations. These tools facilitate digital advertising, reward programs, and recovery processes for retail brands. The technology suite assists with link management and single sign-on authentication to support digital storefront functionality.
Key facts about Nitro Commerce
- Founded Year: 2023
- Location: Gurugram (India)
- Annual Revenue: ₹11.8Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $6.91M
- Employee Count: 72 as on Feb 01, 2026
- Investors: Cornerstone Ventures, Dholakia Ventures and 34 Others
- Latest Funding Round: Series A, Aug 28, 2025, $*****
- Highlight: Editors' Pick
5. Fundamento
Developer of AI voice agent for automating lending customer interactions. The AI agent handles end-to-end automation from loan discovery to collections. It provides solutions with intelligent conversations and aims for zero human intervention. The agent converses fluently in multiple languages and retains context across the entire lending lifecycle. It integrates into lending ecosystems, powering customer engagement while maintaining security and compliance.
Key facts about Fundamento
- Founded Year: 2020
- Location: San Francisco (United States)
- Annual Revenue: ₹4.13Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $3.67M
- Employee Count: 59 as on May 31, 2026
- Investors: Google, IIFL Finance and 28 Others
- Latest Funding Round: Seed, Oct 18, 2025, $*****
- Highlight: Editors' Pick
Tetration Ventures' Year-on-Year Investment Trends
Tetration Ventures has invested in 51 companies over the last 3 years, with an average of 5 new investments annually in the last 3 years. In 2025, it made 6 investments. Its most recent first time investment was in immunitoAI and most recent follow-on round was in Crackle.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 6 | 0 | 6 |
2024 | 5 | 1 | 6 |
2023 | 3 | 0 | 3 |
Tetration Ventures' Investments by Stage
Tetration Ventures has made 13 investments in Seed stage with an average round size of $1.03M and 1 investment in Series A stage with an average round size of $6.1M.Stage of entry | No. of Investments |
|---|---|
Seed | 13 |
Series A | 1 |
Note: We have considered here, only first round of investments
Tetration Ventures' Investments by Sector
Tetration Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Aerospace, Maritime and Defense Tech and Consumer Goods. Notably, it has invested in 37 Tech companies, 29 Enterprise (B2B) companies, 21 Software companies and at least 20 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 5 |
Enterprise Applications | 4 |
High Tech | 4 |
Aerospace, Maritime and Defense Tech | 2 |
Consumer Goods | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
Tetration Ventures' Investments by Geography
Tetration Ventures has made most investments in India (14), followed by Singapore where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 14 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Tetration Ventures' recent investments
Tetration Ventures has not made any investment in 2026 so far.Here are the most recent investments by Tetration Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 09, 2025 | India | Series A | 1086 | [+19] | |
Sep 26, 2025 | India | Seed | 5270 | [+2] | |
Apr 09, 2025 | India | Seed | 4598 | [+8] | |
Mar 12, 2025 | India | Seed | 9613 | [+26] | |
Feb 26, 2025 | India | Seed | 9814 | [+2] |
IPOs and Publicly Listed companies in Tetration Ventures' Portfolio
1 of Tetration Ventures' portfolio company became public - IndiGrid. It got listed on the Bombay Stock Exchange (BSE), in Jun 2017 at marketcap of $328MHere are Tetration Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 09, 2017 | - | - | 1598 |
Team profile of Tetration Ventures
Tetration Ventures has a team of 6 members. Tetration Ventures' team does not sit on the board of any company as of now.Co-investors of Tetration Ventures
Over the past 3 years, 241 investors have co-invested in Tetration Ventures's portfolio companies. This includes funds and angels.
- Invested before Tetration Ventures: DTU-IIF, Veena Jindal and 88 others have invested in rounds before Tetration Ventures. There is 1 company where DTU-IIF has invested before Tetration Ventures and 1 company where Veena Jindal has invested before Tetration Ventures.
- Top Co-investors of Tetration Ventures: 117 investors entered a company along with Tetration Ventures. These include investors like Invstt (8 companies).
- Invested after Tetration Ventures: A total of 34 investors have invested in Tetration Ventures's portfolio after their investments. Top Investors include Chiratae Ventures (2 companies), We Founder Circle (2 companies) and Accel (1 company).
