About Z Nation Lab
Z Nation Lab is a venture capital firm founded in 2016. It is primarily based out of Cupertino, United States. As of Aug 2025, Z Nation Lab has invested in 185 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 High Tech and Retail. Most recently it participated in the $***** Seed round of OneDios Overall, Z Nation Lab portfolio has seen 1 unicorn and 12 acquisitions including key companies like Jasper AI, Fitterfly and Karkinos. A lot of funds co-invest with Z Nation Lab, with names like Venture Catalysts sharing a substantial percentage of its portfolio. Z Nation Lab has team of 5 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Z Nation Lab's List of Top Investments
Z Nation Lab has a portfolio of 185 companies, one of which is a Unicorn. Their most notable investments are in Vital and Sheru.Their portfolio spans across India, United States, United Kingdom and 3 more locations. They have invested in Enterprise Applications, High Tech, Retail and 32 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Z Nation Lab:
1. Blu-Smart
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
Key facts about Blu-Smart
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Last Known Valuation: $*****
- Stage: Deadpooled
- Total Funding till date: $159M
- Employee Count: 613 as on Feb 28, 2025
- Investors: SoftBank Group, BlackSoil and 280 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
2. Leverage Edu
Provider of academic admissions counseling and professional career placement services. This entity assists individuals with university application processes and facilitates employment opportunities across various industries. Services include document validation, interview preparation, and language training to support professional mobility. Additionally, the organization offers financial assistance, housing support, and online degree programs to help individuals achieve their educational and career objectives.
Key facts about Leverage Edu
- Founded Year: 2017
- Location: London (United Kingdom)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $60.3M
- Employee Count: 999 as on Mar 31, 2026
- Investors: BlackSoil, Avendus and 169 Others
- Latest Funding Round: Series C, Feb 09, 2026, $*****
- Highlight: Editors' Pick
3. FamApp
Provider of digital spending accounts with integrated payment card services. These accounts facilitate electronic transactions through mobile applications and physical payment cards. Users manage funds, track expenses, and execute payments using digital interfaces. The service enables online and offline purchases while providing tools for monitoring financial activity.
Key facts about FamApp
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $43.7M
- Employee Count: 87 as on Aug 31, 2025
- Investors: Elevation Capital, Rocketship and 18 Others
- Latest Funding Round: Series A, Jun 16, 2021, $*****
- Highlight: Editors' Pick
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4. 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
5. Snapmint
Online retailer of electronics, appliances, fashion, and home and kitchenware. It provides options for customers to purchase items using installment plans. The business facilitates online sales and fraud detection for merchant partners. It offers options for payment and delivery of purchased goods.
Key facts about Snapmint
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $181M
- Employee Count: 98 as on Aug 31, 2025
- Investors: Kalysta Capital, General Atlantic and 177 Others
- Latest Funding Round: Series A, 2025, $*****
- Highlight: Editors' Pick
Z Nation Lab's Year-on-Year Investment Trends
Z Nation Lab has invested in 185 companies over the last 10 years, with an average of 16 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in OneDios and most recent follow-on round was in CoutLoot.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 2 | 3 |
2024 | 30 | 19 | 49 |
2023 | 30 | 23 | 53 |
2022 | 58 | 5 | 63 |
2021 | 33 | 1 | 34 |
2020 | 0 | 0 | 0 |
2019 | 2 | 0 | 2 |
2018 | 3 | 0 | 3 |
2017 | 1 | 2 | 3 |
Z Nation Lab's Investments by Stage
Z Nation Lab has made 110 investments in Seed stage with an average round size of $1.16M, 40 investments in Series A stage with an average round size of $6.63M and 7 investments in Series B stage with an average round size of $12.6M.Stage of entry | No. of Investments |
|---|---|
Seed | 110 |
Series A | 40 |
Series B | 7 |
Series C | 3 |
Series E | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Z Nation Lab's Investments by Sector
Z Nation Lab has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, High Tech and FinTech. Notably, it has invested in 162 Tech companies, 117 Enterprise (B2B) companies, 93 Consumer (B2C) companies and at least 84 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 67 |
Enterprise Applications | 53 |
Retail | 49 |
High Tech | 30 |
FinTech | 24 |
Others | 268 |
Note: We have considered here, only first round of investments
Z Nation Lab's Investments by Geography
Z Nation Lab has made most investments in India (161), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 161 |
United Kingdom | 2 |
United States | 2 |
Singapore | 1 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
Z Nation Lab's recent investments
Z Nation Lab has not made any investment in 2026 so far.Here are the most recent investments by Z Nation Lab:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 06, 2025 | India | Seed | 4887 | [+21] | |
Mar 15, 2025 | India | Series A | 9721 | ||
Mar 07, 2025 | India | Series A | 3435 | [+1] | |
Dec 09, 2024 | India | Series A | 1546 | [+4] | |
Dec 07, 2024 | India | Seed | 8344 | - |
Unicorns in Z Nation Lab's Portfolio
Z Nation Lab has 1 unicorn in its portfolio - Jasper AI. The most recent unicorn in their portfolio is Jasper AI which became a unicorn in 2022, 3 years before Z Nation Lab first invested in it.Here is a list of unicorns in Z Nation Lab's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | AI and SaaS-based platform for content creation | 2017 | Austin | Series A | buvxlqg |
Acquired companies in Z Nation Lab's Portfolio
12 companies from Z Nation Lab's portfolio have been acquired. The most recent acquisition was CirclePe Club in Jul 2026 by Crib for $*****.Here are Z Nation Lab's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 01, 2026 | Mar 26, 2024 | Seed | 3909 | |
Apr 03, 2026 | Jun 17, 2023 | Unattributed | 1256 | |
Nov 06, 2025 | Jul 12, 2022 | Series A | 4841 | |
Jul 24, 2025 | - | - | 8206 | |
Apr 23, 2025 | Dec 10, 2022 | Series A | 5516 |
Team profile of Z Nation Lab
Z Nation Lab has a team of 5 members including 3 Partners, 1 Venture Partner and 1 Principal located in India and United States. Z Nation Lab's team sits on the board of 1 company.Here is a list of all team members in Z Nation Lab:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | Mumbai | |||
Partner | India | - | - | |
Venture Partner | Cupertino | - | - | |
Principal | Mumbai | - |
Co-investors of Z Nation Lab
Over the past 10 years, 7027 investors have co-invested in Z Nation Lab's portfolio companies. This includes funds and angels.
- Invested before Z Nation Lab: Venture Catalysts, 100Unicorns and 3954 others have invested in rounds before Z Nation Lab. There are 37 companies where Venture Catalysts has invested before Z Nation Lab and 27 companies where 100Unicorns has invested before Z Nation Lab.
- Top Co-investors of Z Nation Lab: 1808 investors entered a company along with Z Nation Lab. These include investors like Venture Catalysts (62 companies).
- Invested after Z Nation Lab: A total of 1263 investors have invested in Z Nation Lab's portfolio after their investments. Top Investors include Venture Catalysts (14 companies), Angel List (12 companies) and Stride Ventures (10 companies).
Recent News related to Z Nation Lab
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Seed funding drops 25% in 2024 as VCs retreatMSN•Dec 27, 2024•Artha Venture Fund, AgniKul, PiggyRide, Venture Catalysts and 2 others
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Indian technology startup scene in 2024: More unicorns, more exitsBusiness Standard•Dec 22, 2024•Innoven Capital, Peak XV Partners, 360 One, Accel and 2 others
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Funding winter over? India’s tech startup ecosystem outshines China, Germany with $11.3 billion raised in 2024Business Today•Dec 19, 2024•Accel, Blume Venture, Peak XV Partners, Z Nation Lab and 4 others
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India's tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024Business Standard•Dec 19, 2024•Tube Investments of India, Flipkart, DMI Finance, Blume Venture and 11 others
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Autocracy Machinery raises seed round led by Venture CatalystsEntrackr•Jun 27, 2024•Autocracy Machinery, Venture Catalysts, Z Nation Lab, Hem Angels and 1 other
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Tech startup funding at $4.1 bn in H1 2024, 4% higher than H2 2023: TracxnBusiness Standard•Jun 20, 2024•DST Global, Epiq Capital, Z Nation Lab, We Founder Circle
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Japan’s Marui Group Joins Niro’s Cap Table By Investing In Pre-Series B Funding RoundInc42•May 10, 2024•Elevar Equity, Niro, Marui Group, GMO Venture Partners and 4 others
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Flashaid Nets $2.5 Mn To Offer API-First Full Stack Health SolutionsInc42•Apr 25, 2024•Flashaid, Z Nation Lab, Piper Serica, SOSV and 1 other
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FlashAid, two others secure early-stage fundingVCCircle•Apr 25, 2024•Flashaid, Piper Serica, SOSV, Z21 Ventures and 2 others
