# IvyCap Ventures: portfolio, investments and team

> IvyCap Ventures is a vc firm based in India. 20 investments on record, 5 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ivycap-ventures (Millionrounds; every figure on the page links to its filing or article)

India · [Investor](https://millionrounds.com/investors)

# IvyCap Ventures

Last cheque observed Oct 2026; 20 cheques on record.

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Deploying now New fund $5.0M, Aug 2022 VC firm

Pre-seed Seed Series A Deeptech Consumertech Healthtech

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Deploying now

**100%** of best year **5** **cheques in 12 months**, 20 on record

Since the last cheque **4** days **00** hrs **00** min **00** sec

Median round **$11M** Rounds led **6 of 20** Sole investor **7 rounds** Mostly in **India, 83%**

Pitch IvyCap Ventures

## IvyCap Ventures highlights

- 01 5 cheques in the last 12 months
- 02 Mostly Series A and Series B: 65% of its rounds
- 03 Sole investor in 7 rounds, median $9.2M

## What they do

> we invest in early to growth-stage start-ups (Seed, Pre-Series A, Series A, and Series B) From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Deeptech Consumertech Healthtech
- **Based in:** Mumbai, India
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **20 appearances**

- **2026** 5 rounds
- **Oct** **[Live2.ai](https://millionrounds.com/company/live2-ai)** Pre-seed · IN · Google News search **$14M** *Led*
- **Oct** **[Live2.ai](https://millionrounds.com/company/live2-ai)** Series B · IN · Analytics India Magazine **$14M** *Led*
- **Oct** **[CureBay](https://millionrounds.com/company/curebay)** Series C · IN · Google News search **$11M** *Led*
- **Jul** **[BatX Energies](https://millionrounds.com/company/batx-energies)** Series A · IN · Inc42 **$11M** *Led*
- **May** **[BigEndian Semiconductors](https://millionrounds.com/company/bigendian-semiconductors)** Seed · IN · IAN Group **$6.0M** With 2 others
- **2025** 1 round
- **Oct** **[Morphing Machines](https://millionrounds.com/company/morphing-machines)** Series A · IN · IAN Alpha Fund **$4.3M** With 3 others
- **2024** 1 round
- **Oct** **[CureBay](https://millionrounds.com/company/curebay)** Series C · IN · Google News search **$12M** *Led*
- **2019** 3 rounds
- **Dec** **[Purplle](https://millionrounds.com/company/purplle)** Series C · IN · VCCircle **$30M** With 3 others
- **Nov** **[BeYouPlus](https://millionrounds.com/company/beyouplus)** Series A · IN · Inc42 **$3.2M** *Led*
- **Jun** **[Biryani by Kilo](https://millionrounds.com/company/biryani-by-kilo)** Series A · IN · Crazyaboutstartups **$4.0M** Sole investor
- **2015** 4 rounds
- **Jul** **[Bluestone.com](https://millionrounds.com/company/bluestone-com)** Series C · IN **$16M** With 4 others
- **Jun** **[Clovia](https://millionrounds.com/company/clovia)** Series A · IN **$4.7M** Sole investor
- **Jan** **[Sokrati](https://millionrounds.com/company/sokrati)** Series B · IN **Undisclosed** Sole investor
- **Jan** **[Purplle](https://millionrounds.com/company/purplle)** Series A · IN **Undisclosed** With 1 other
- **2014** 4 rounds
- **Sept** **[eShakti.com](https://millionrounds.com/company/eshakti-com)** Series B · US **$15M** With 1 other
- **Aug** **[Leixir](https://millionrounds.com/company/leixir)** Series A **Undisclosed** Sole investor
- **Mar** **[Vinculum Solutions](https://millionrounds.com/company/vinculum-solutions)** Series B · US **Undisclosed** With 1 other
- **Jan** **[FieldEZ](https://millionrounds.com/company/fieldez)** Series A · US **Undisclosed** With 1 other
- **2013** 2 rounds
- **Nov** **[Aujas Networks](https://millionrounds.com/company/aujas-networks)** Series B · IN · articles.economictimes.indiatimes.com **$5.4M** With 3 others
- **Feb** **[RML Information Services Ltd.](https://millionrounds.com/company/rml-information-services-ltd)** Venture **Undisclosed** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

AG **Ashish Gobind Wadhwani** Shareholder i Form ADV

LH **Lina How Ah Chong** Director i Filing they signed

SG **Sonia Gupta** Director i Form ADV

VB **Vikram Balwant Gupta** Director i Form ADV

VS **Vishal Shyam Gauri** Shareholder i Form ADV

We also hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$38M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Ivycap Ventures Advisors Private Limited
- **SEC number:** CRD 332304

New fund on file

**$5.0M**

raised in Aug 2022

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$11M** the round, not its cheque Alone, median **$9.2M**

Led 6 of 20 rounds **30%**

- **Sole investor:** 7 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A said *8*
- Series B said *5*
- Series C *4*
- Pre-seed said *1*
- Seed said *1*
- Venture *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [IDG Ventures India](https://millionrounds.com/fund/idg-ventures-india) 3
- [Alteria Capital](https://millionrounds.com/fund/alteria-capital) 2
- [Blume Ventures](https://millionrounds.com/fund/blume-ventures) 2
- [IAN Alpha Fund](https://millionrounds.com/fund/ian-alpha-fund) 2
- [Trifecta Capital](https://millionrounds.com/fund/trifecta-capital-2) 2
- [VentureSoul Partners](https://millionrounds.com/fund/venturesoul-partners) 2

**Pitching IvyCap Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as IvyCap Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**IDG Ventures India** VC firm **3** rounds together](https://millionrounds.com/fund/idg-ventures-india)[**Alteria Capital** Venture debt **2** rounds together](https://millionrounds.com/fund/alteria-capital)[**Blume Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/blume-ventures)[**IAN Alpha Fund** VC firm **2** rounds together](https://millionrounds.com/fund/ian-alpha-fund)[**Trifecta Capital** VC firm **2** rounds together](https://millionrounds.com/fund/trifecta-capital-2)[**VentureSoul Partners** Growth equity **2** rounds together](https://millionrounds.com/fund/venturesoul-partners)

## Recently backed

The latest companies IvyCap Ventures put money into.

[**CureBay** $11M · Oct 2026](https://millionrounds.com/company/curebay)[**BatX Energies** $11M · Jul 2026](https://millionrounds.com/company/batx-energies)[**BigEndian Semiconductors** $6.0M · May 2026](https://millionrounds.com/company/bigendian-semiconductors)[**Morphing Machines** $4.3M · Oct 2025](https://millionrounds.com/company/morphing-machines)[**Biryani by Kilo** $4.0M · Jun 2019](https://millionrounds.com/company/biryani-by-kilo)

## Quick answers about IvyCap Ventures

### What does IvyCap Ventures invest in?

IvyCap Ventures invests most often at Series A and Series B (65% of the rounds on record), in sectors such as Deeptech, Consumertech and Healthtech.

### How active is IvyCap Ventures?

20 investments on record, 5 of them in the last 12 months, and it led 6. The most recent was in Oct 2026.

### What has IvyCap Ventures invested in recently?

Its most recent investments on record: Live2.ai (Pre-seed, Oct 2026), CureBay (Series C, Oct 2026) and BatX Energies (Series A, Jul 2026).

### How big are IvyCap Ventures's cheques?

The median round it joins is $11M.

### Does IvyCap Ventures lead rounds?

Yes: it led 6 of its 20 investments on record (30%).

### Where does IvyCap Ventures invest?

Most of the companies it backs are in India (83%) and the United States (17%).

### Is IvyCap Ventures investing now?

Yes: it is actively investing, with 5 investments in the last 12 months.

### Who does IvyCap Ventures invest alongside?

Most often IDG Ventures India (3 rounds together), Alteria Capital (2 rounds together) and Blume Ventures (2 rounds together).

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