About TPN Investments
TPN Investments is a venture capital firm located in Abu Dhabi, United Arab Emirates. As of Jun 2024, TPN Investments has invested in 15 companies. 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 Consumer and Auto Tech. Most recently it participated in the $***** Seed round of Growdash Overall, TPN Investments portfolio has seen 2 acquisitions, namely Volt Lines and iKcon. A lot of funds co-invest with TPN Investments, with names like Flat6Labs sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
TPN Investments' List of Top Investments
TPN Investments has a portfolio of 15 companies. Their most notable investmentis in MaxWholesaleTheir portfolio spans across United Arab Emirates, Bangladesh, United Kingdom and 4 more locations. They have invested in Enterprise Applications, Consumer, Auto Tech and 11 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by TPN Investments:1. Chaldal
Online retailer offering multi-category grocery products. The product catalog includes beverages, fruits, vegetables, grains, coffee, meat, seafood, and more. It also provides personal care products, fashion, home care, and more. The company also provides its mobile application for Android and iOS devices.
Key facts about Chaldal
- Founded Year: 2013
- Location: Dhaka (Bangladesh)
- Stage: Series C
- Total Funding till date: $30M
- Employee Count: 810 as on Jul 31, 2026
- Investors: ACE & Company, IFC and 29 Others
- Latest Funding Round: Series C, Jun 26, 2024, $*****
- Highlight: Editors' Pick
Platform offering cloud kitchen for delivery-only restaurants. The platform offers infrastructure and multiple solutions for restaurant businesses. It offers storage & professional site management, including waste management, pest control, cleaning, and more. It offers infrastructure size that comes from 12m² to 27m² for restaurants like dessert, sandwiches, salad, etc. Its additional offerings include built-in ventilation & heating, gas & electricity supply, stainless steel walls, and more.
Key facts about Growth Kitchen
- Founded Year: 2020
- Location: London (United Kingdom)
- Stage: Seed
- Total Funding till date: $3.94M
- Employee Count: 40 as on Jul 31, 2026
- Investors: PactVC, TPN Investments and 10 Others
- Latest Funding Round: Seed, Apr 01, 2022, $*****
- Highlight: Editors' Pick
3. Derq
Developer of intelligent transportation systems using artificial intelligence for road safety. The company offers a platform that integrates with existing infrastructure. It detects, tracks, and predicts road user behavior in real time. The company’s products monitor and analyze road safety and traffic performance. The platform helps agencies manage traffic flow, reduce congestion, and predict road user intent.
Key facts about Derq
- Founded Year: 2016
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $6M
- Employee Count: 81 as on Jul 31, 2026
- Investors: AT&T, e& and 5 Others
- Latest Funding Round: Seed, Oct 28, 2024, $*****
- Highlight: Editors' Pick
4. Bongo
Subscription-based video streaming platform. Users can watch movies, series, and TV on the platform. The mobile app for iOS and Android devices.
Key facts about Bongo
- Founded Year: 2013
- Location: Dhaka (Bangladesh)
- Stage: Series B
- Total Funding till date: $453K
- Employee Count: 259 as on Jul 31, 2026
- Investors: North Base Media, Razor Capital and 2 Others
- Latest Funding Round: Series B, Aug 28, 2023, $*****
5. Volt Lines
VoltLines is a SaaS-driven route scheduling software for employee transportation. The platform enables enterprises to reserve seats for daily employee transportation. It also offers an HR web app for enterprises that enables them to track buses, gain insights, add/remove employees & more. Their app is available for iOS & Android devices.
Key facts about Volt Lines
- Founded Year: 2017
- Location: Istanbul (Turkey)
- Stage: Acquired
- Total Funding till date: $1.61M
- Employee Count: 64 as on Jul 31, 2026
- Investors: Crescent Enterprises, Wamda Capital and 13 Others
- Latest Funding Round: Seed, Nov 14, 2018, $*****
- Highlight: Acquired
TPN Investments' Year-on-Year Investment Trends
TPN Investments has invested in 15 companies over the last 5 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Growdash and most recent follow-on round was in Growdash.TPN Investments' Investments by Stage
TPN Investments has made 1 investment in Seed stage with an average round size of $750K and 1 investment in Series A stage with an average round size of $1.02M.TPN Investments' Investments by Sector
TPN Investments has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Food and Agriculture Tech, Retail and Transportation and Logistics Tech. Notably, it has invested in 12 Tech companies, 10 Enterprise (B2B) companies, 9 Software companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Consumer | 1 |
Enterprise Applications | 1 |
Food and Agriculture Tech | 1 |
Retail | 1 |
Transportation and Logistics Tech | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
TPN Investments' Investments by Geography
TPN Investments has made most investments in India (1), followed by United Arab Emirates where it has made 1 investment.TPN Investments' recent investments
TPN Investments has not made any investment in 2026 so far.Here are the most recent investments by TPN Investments:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 03, 2024 | United Arab Emirates | Seed | 8128 | [+2] | |
Jul 17, 2023 | United Arab Emirates | Seed | 1686 | [+2] | |
Dec 13, 2022 | India | Series A | 3721 | [+13] | |
Sep 10, 2021 | India | Series A | 1013 | [+54] |
Acquired companies in TPN Investments' Portfolio
2 companies from TPN Investments' portfolio have been acquired. The most recent acquisition was Volt Lines in Apr 2022 by Swvl for $*****.Here are TPN Investments' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 25, 2022 | - | - | 8389 | |
Nov 07, 2021 | - | - | 6584 |
Co-investors of TPN Investments
Over the past 5 years, 108 investors have co-invested in TPN Investments's portfolio companies. This includes funds and angels.
- Invested before TPN Investments: Indian Angel Network Fund, Maple Capital Advisors and 52 others have invested in rounds before TPN Investments. There is 1 company where Indian Angel Network Fund has invested before TPN Investments and 1 company where Maple Capital Advisors has invested before TPN Investments.
- Top Co-investors of TPN Investments: 47 investors entered a company along with TPN Investments. These include investors like Flat6Labs (1 company).
- Invested after TPN Investments: A total of 7 investors have invested in TPN Investments's portfolio after their investments. Top Investors include Oraseya Capital (1 company), Hub71 (1 company) and Salica Investments (1 company).
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