About Zeropearl
Zeropearl is a venture capital firm founded in 2024. It is primarily based out of Gurugram, India. As of Sep 2026, Zeropearl is an active investor, having invested in 60 companies, with 8 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 $***** Seed round of Onya Overall, Zeropearl portfolio has seen 1 IPO and 2 acquisitions, namely Honasa Consumer, OZiva and Beardo. A lot of funds co-invest with Zeropearl, with names like Kunal Naresh Shah sharing a substantial percentage of its portfolio. Zeropearl has team of 5 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio IPOs
Deals in last 12 months
Zeropearl's List of Top Investments
Zeropearl has a portfolio of 60 companies. Their most notable investments are in Cura and Gully Labs.Their portfolio spans across India and United States. They have invested in Enterprise Applications, Retail, Consumer and 14 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Zeropearl:1. GIVA
Retailer of silver, gold, and lab-grown diamond jewellery. The company offers a variety of jewellery items, including rings, necklaces, pendants, bracelets, and earrings. It also provides personalized jewellery options and gift cards. ```
Key facts about GIVA
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $133M
- Employee Count: 3,227 as on Apr 30, 2026
- Investors: Premji Invest, Sixth Sense Ventures and 82 Others
- Latest Funding Round: Angel, May 25, 2026, $*****
- Highlight: Editors' Pick
2. CityMall
Online marketplace connecting consumers in emerging urban and rural markets with a wide range of grocery, fashion, and home products. It is a digital marketplace that offers a broad assortment of products—including groceries, fashion, and home essentials—through a mobile app and web portal. The platform focuses on consumers in smaller urban and rural markets, providing a convenient online shopping experience tailored to local needs. It operates as a social commerce venture, leveraging community engagement to drive product discovery and purchase decisions.
Key facts about CityMall
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $154M
- Employee Count: 1,284 as on May 31, 2026
- Investors: Arena Ventures, Elevation Capital and 55 Others
- Latest Funding Round: Series D, Aug 08, 2026, $*****
- Highlight: Editors' Pick
Online retailer of cosmetics, fragrances, skincare, and beauty accessories. The company provides a variety of products, including items for lips, eyes, face, hair, and nails. Product lines include everyday, pro, and gifting options. The business also offers makeup tools, kits, and combos.
Key facts about Renee Cosmetics
- Founded Year: 2019
- Location: Ahmedabad (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $55.2M
- Employee Count: 393 as on Aug 31, 2025
- Investors: Evolvence Equity Partners, Innoven Capital and 28 Others
- Latest Funding Round: Series C, Dec 02, 2025, $*****
- Highlight: Editors' Pick
4. Khatabook
App-based bookkeeping management solutions for small businesses. It is a software-as-a-service accounting platform designed for micro, small and medium businesses to manage their financial transactions, accounts, and generate reports for better financial management. It allows users to manage transactions, purchases, payments, and more. It sends payment reminders, PDF reports, QR code payments, and more. It operates by providing tools for recording credits, managing finances, and facilitating transactions. It also allows users to add customers, send payment reminders, manage inventory, create invoices, and track GST and non-GST bills.
Key facts about Khatabook
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $187M
- Employee Count: 172 as on May 31, 2026
- Investors: LionRock Capital, Alpha Wave Global and 54 Others
- Latest Funding Round: Series C, Aug 24, 2021, $*****
- Highlight: Editors' Pick
5. Stable Money
Provider of platform for booking fixed deposits from various banks. The platform allows users to compare and choose fixed deposits. It offers a digital booking experience for fixed deposits. The platform also provides access to bonds and a secured credit card.
Key facts about Stable Money
- Founded Year: 2022
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $79.8M
- Employee Count: 96 as on Apr 30, 2026
- Investors: Lightspeed, Lightspeed Venture Partners and 22 Others
- Latest Funding Round: Series C, Jul 14, 2026, $*****
- Highlight: Editors' Pick
Zeropearl's Year-on-Year Investment Trends
In 2025, it made 17 investments, while as of Sep 2026, it has made 8 investments in this year. Its most recent first time investment was in True Artis and most recent follow-on round was in Onya.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 4 | 8 |
2025 | 15 | 2 | 17 |
2024 | 2 | 0 | 2 |
Zeropearl's Investments by Stage
Zeropearl has made 20 investments in Seed stage with an average round size of $897K and 1 investment in Series A stage with an average round size of $4.47M.Stage of entry | No. of Investments |
|---|---|
Seed | 20 |
Series A | 1 |
Note: We have considered here, only first round of investments
Zeropearl's Investments by Sector
Zeropearl has a diverse portfolio, with companies operating in the Consumer, Retail, Consumer Goods, Enterprise Applications and Food and Agriculture. Notably, it has invested in 49 Tech companies, 39 Consumer (B2C) companies, 23 Enterprise (B2B) companies and at least 22 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 11 |
Retail | 10 |
Consumer Goods | 6 |
Enterprise Applications | 2 |
Food and Agriculture | 2 |
Others | 12 |
Note: We have considered here, only first round of investments
Zeropearl's Investments by Geography
Zeropearl has made most investments in India (21).Zeropearl's recent investments
Zeropearl has made 8 investments in 2026 so far. Onya and True Artis are the latest among them.Here are the most recent investments by Zeropearl:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 24, 2026 | India | Seed | 4209 | ||
Sep 16, 2026 | India | Seed | 6932 | [+3] | |
Aug 11, 2026 | India | Seed | 9968 | - | |
Jul 01, 2026 | India | Series A | 2484 | [+2] | |
Jun 16, 2026 | India | Seed | 6574 | [+9] |
IPOs and Publicly Listed companies in Zeropearl's Portfolio
1 of Zeropearl's portfolio company became public - Honasa Consumer. It got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Nov 2023 at marketcap of $1.25BHere are Zeropearl's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 07, 2023 | - | - | 4647 |
Acquired companies in Zeropearl's Portfolio
2 companies from Zeropearl's portfolio have been acquired. The most recent acquisition was OZiva in Dec 2022 by Hindustan Unilever for $*****.Here are Zeropearl's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 08, 2022 | - | - | 6735 | |
Jun 30, 2020 | - | - | 4097 |
Team profile of Zeropearl
Zeropearl has a team of 5 members including 2 Partners located in India. Zeropearl's team does not sit on the board of any company as of now.Co-investors of Zeropearl
Over the past 2 years, 316 investors have co-invested in Zeropearl's portfolio companies. This includes funds and angels.
- Invested before Zeropearl: Angel List, Kunal Bahl and 130 others have invested in rounds before Zeropearl. There are 5 companies where Angel List has invested before Zeropearl and 3 companies where Kunal Bahl has invested before Zeropearl.
- Top Co-investors of Zeropearl: 161 investors entered a company along with Zeropearl. These include investors like Kunal Naresh Shah (4 companies).
- Invested after Zeropearl: A total of 23 investors have invested in Zeropearl's portfolio after their investments. Top Investors include Stride Ventures (2 companies), Unilever Ventures (1 company) and Divam Juneja (1 company).
Recent News related to Zeropearl
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TRUE ARTIS Raises Rs 11.4 Cr Seed Funding for Expansion and Technology UpgradesIndian Retailer•Sep 16, 2026•Zeropearl, TRUE ARTIS
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Vecton AI raises INR 6 Cr in pre-seed funding round led by Zeropearl VCEnablers•Aug 11, 2026•Zeropearl, Vecton
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Supply6 raises INR 48 Cr in funding round led by Unilever VenturesEnablers•Jul 01, 2026•Supply6, Unilever, Zeropearl
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Unilever Explores Bid for Supplements Maker Thorne, FT ReportsFashion Network•Jun 26, 2026•Thorne, Unilever, Haleon, Supply6 and 1 other
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LiLLBUD Raises Seed Funding of Rs 6 Crore Led by Zeropearl VCEntrackr•Jun 23, 2026•Zeropearl, LiLLBUD
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OZi Nets $6.2 Mn To Scale Its Baby Care Quick Commerce PlatformInc42•Mar 24, 2026•OZi, RTP Global, Blume Venture, Zeropearl and 1 other
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SteamPRO Raises ₹3.8 Crore Seed Funding to Build India’s Bath-Tech CategoryStartupTalky•Feb 11, 2026•Zeropearl, Steam PRO, Anicut Capital, D2C Insider
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Sneaker brand Gully Labs kicks off Series A round and raised $3 millionEntrackr•Jan 16, 2026•Zeropearl, Gully Labs, Saama, Saama and 2 others
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Cura Care Secures Rs 27 Crore Funding to Revolutionize Urban Dental Wellness in IndiaBusiness Outreach•Dec 24, 2025•Cura, Zeropearl
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