About Utsav Somani
Utsav Somani is a venture capital firm founded in 2014. It is primarily based out of Delhi, India. As of Feb 2025, Utsav Somani has invested in 38 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 axiTrust A lot of funds co-invest with Utsav Somani, with names like Angel List sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Soonicorns
Utsav Somani's List of Top Investments
Utsav Somani has a portfolio of 38 companies. Their most notable investments are in Merito and Alt Carbon.Their portfolio spans across India and United States. They have invested in Enterprise Applications, FinTech, Retail and 22 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Utsav Somani:
1. Ultrahuman
Provider of wearable health trackers and metabolic monitoring hardware devices. The product catalog includes rings that monitor sleep, heart rate variability, and body temperature. Additional hardware tracks glucose levels through continuous monitoring sensors. Environmental monitors measure air quality, light exposure, and noise levels within residential spaces. Blood testing services provide analysis of biomarkers to correlate physiological trends with lifestyle data. Accessories include chargers and light-blocking eyewear to support sleep hygiene.
Key facts about Ultrahuman
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹581Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $103M
- Employee Count: 333 as on Mar 31, 2026
- Investors: Steadview, Playbook Partners and 43 Others
- Latest Funding Round: Series C, Mar 17, 2026, $*****
- Highlight: Editors' Pick
2. M2P Fintech
Provider of APIs enabling banking, lending, and payment financial services. The company offers solutions for customer onboarding, core banking systems, and payment processing. It facilitates card issuance, core lending, and digital commerce. The company provides tools for regulatory compliance, fraud management, and rewards programs. It also offers value-added services, including reconciliation, KYC, and anti-money laundering solutions.
Key facts about M2P Fintech
- Founded Year: 2014
- Location: Chennai (India)
- Annual Revenue: ₹531Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $188M
- Employee Count: 1,290 as on Aug 31, 2025
- Investors: Insight Partners, Tiger Global Management and 63 Others
- Latest Funding Round: Series D, Jun 30, 2025, $*****
- Highlight: Editors' Pick
3. Even
Provider of health insurance plans with outpatient and hospitalization coverage. It facilitates health insurance policy comparison and selection. It offers coverage for hospitalization, outpatient expenses, and family floater plans. It also provides support throughout the enrolment and claims processes.
Key facts about Even
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹27.2Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $72.5M
- Employee Count: 551 as on Aug 31, 2025
- Investors: Khosla Ventures, Trifecta Capital and 54 Others
- Latest Funding Round: Series A, Mar 31, 2025, $*****
- Highlight: Editors' Pick
4. Park Plus
Provider of vehicle-related services, including FASTag, challan, insurance, and parking. The business offers solutions for vehicle access, parking management, and traffic regulation. It facilitates services, such as FASTag recharge, challan payments, and insurance options. The business delivers parking solutions for corporate, residential, and commercial establishments.
Key facts about Park Plus
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹180Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $51.8M
- Employee Count: 525 as on Aug 31, 2025
- Investors: Z47, Stride Ventures and 61 Others
- Latest Funding Round: Venture Debt, 2025, $*****
- Highlight: Editors' Pick
5. Vetic
Chain of veterinary clinics. It offers OPD consultation, vaccinations, grooming, emergency care, dental cleaning, X-ray, pet food, diagnostic tests, and surgeries for pets. It also allow the user to organize pet’s medical records, and book grooming sessions.
Key facts about Vetic
- Founded Year: 2022
- Location: Gurugram (India)
- Annual Revenue: ₹66.6Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $47.2M
- Employee Count: 272 as on Aug 31, 2025
- Investors: Bessemer Venture Partners, Kotak Mahindra Bank and 71 Others
- Latest Funding Round: Series C, Mar 18, 2025, $*****
- Highlight: Editors' Pick
Utsav Somani's Year-on-Year Investment Trends
Utsav Somani has invested in 38 companies over the last 7 years, with an average of 5 new investments annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in axiTrust and most recent follow-on round was in RocketPay.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 4 | 0 | 4 |
2023 | 4 | 1 | 5 |
2022 | 7 | 5 | 12 |
2021 | 10 | 3 | 13 |
2020 | 4 | 0 | 4 |
2019 | 1 | 0 | 1 |
Utsav Somani's Investments by Stage
Utsav Somani has made 25 investments in Seed stage with an average round size of $1.67M, 5 investments in Series A stage with an average round size of $8.09M, 1 investment in Angel stage with an average round size of $284K and 1 investment in Series C stage with an average round size of $56M.Stage of entry | No. of Investments |
|---|---|
Seed | 25 |
Series A | 5 |
Angel | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Utsav Somani's Investments by Sector
Utsav Somani has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Retail and Healthcare. Notably, it has invested in 35 Tech companies, 23 Enterprise (B2B) companies, 20 Consumer (B2C) companies and at least 17 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Consumer | 8 |
FinTech | 6 |
Retail | 5 |
Healthcare | 4 |
Others | 37 |
Note: We have considered here, only first round of investments
Utsav Somani's Investments by Geography
Utsav Somani has made most investments in India (31), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 31 |
United States | 1 |
Note: We have considered here, only first round of investments
Utsav Somani's recent investments
Utsav Somani has not made any investment in 2026 so far.Here are the most recent investments by Utsav Somani:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 03, 2025 | India | Seed | 5643 | [+20] | |
Jan 31, 2025 | India | Seed | 9723 | ||
Dec 09, 2024 | India | Angel | 8086 | [+18] | |
Sep 26, 2024 | India | Seed | 2248 | [+7] | |
Jun 27, 2024 | India | Seed | 9466 |
Co-investors of Utsav Somani
Over the past 7 years, 843 investors have co-invested in Utsav Somani's portfolio companies. This includes funds and angels.
- Invested before Utsav Somani: Kunal Bahl, Titan Capital and 127 others have invested in rounds before Utsav Somani. There are 3 companies where Kunal Bahl has invested before Utsav Somani and 3 companies where Titan Capital has invested before Utsav Somani.
- Top Co-investors of Utsav Somani: 417 investors entered a company along with Utsav Somani. These include investors like Angel List (12 companies).
- Invested after Utsav Somani: A total of 297 investors have invested in Utsav Somani's portfolio after their investments. Top Investors include Angel List (4 companies), LetsVenture (3 companies) and QED Innovation Labs (3 companies).
Recent News related to Utsav Somani
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Spiritual and devotion platform Utsav raises Rs 6.35 crore in a funding roundIndian Startup News•Jan 31, 2025•Utsav Somani, Equanimity Investments, Agrim, India Quotient and 1 other
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Utsav Somani's Offline, a club for elite tech founders, raises $2 million in seed roundMoneycontrol•Sep 20, 2023•Utsav Somani
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Homegrown Chingari raises $1.3 million seed fundingLivemint•Aug 09, 2020•Chingari, AngelList, iSeed Ventures, Village Global and 5 others
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