# Surge's Investments in India: 16 Startups by Sector (2026)

> The 16 startups in India that Surge has backed, by sector: AI, E-commerce and Consumer Apps and more. $1.3B raised. Updated nightly.

Source: https://millionrounds.com/portfolio-maps/peak-xv-partners-investments-india (Millionrounds; every figure on the page links to its filing or article)

## AI

5

- [Sarvam](https://millionrounds.com/company/sarvam)
- [TrueFoundry](https://millionrounds.com/company/truefoundry)
- [*R* Ringg](https://millionrounds.com/company/ringg)
- [BiteSpeed](https://millionrounds.com/company/bitespeed)
- [Peakperformer](https://millionrounds.com/company/peakperformer)

## E-commerce

3

- [FirstClub](https://millionrounds.com/company/firstclub)
- [Truemeds](https://millionrounds.com/company/truemeds)
- [Vaaree](https://millionrounds.com/company/vaaree)

## Consumer Apps

2

- [SalarySe](https://millionrounds.com/company/salaryse)
- [Boxs](https://millionrounds.com/company/boxs)

## Agtech

2

- [Bijak](https://millionrounds.com/company/bijak)
- [Aqgromalin](https://millionrounds.com/company/aqgromalin)

## Beauty

2

- [Pankhuri](https://millionrounds.com/company/pankhuri)
- [Vah Vah!](https://millionrounds.com/company/vah-vah)

## Fintech

2

- [Scapia](https://millionrounds.com/company/scapia)
- [*NG* Neo Group](https://millionrounds.com/company/neo-group)

## Segment by segment

### AI

5 startups · $896M raised

- [**Sarvam**](https://millionrounds.com/company/sarvam) Sarvam AI is a Bengaluru-based artificial intelligence company founded in 2023. India $855M
- [**TrueFoundry**](https://millionrounds.com/company/truefoundry) TrueFoundry provides the fastest framework for Post model Pipeline to Data Scientists and ML Engineers. India $19M
- [*R* **Ringg**](https://millionrounds.com/company/ringg) Ringg is an IT company that develops software for manufacturing industries. India $15M
- [**BiteSpeed**](https://millionrounds.com/company/bitespeed) BiteSpeed is an AI-native revenue operating system designed for e-commerce brands, particularly those on Shopify. India $3.5M
- [**Peakperformer**](https://millionrounds.com/company/peakperformer) Peakperformer is an edtech and SaaS company based in Bengaluru, founded in 2019-2020. India $3.0M

### E-commerce

3 startups · $173M raised

- [**FirstClub**](https://millionrounds.com/company/firstclub) Experience unparalleled quality with FirstClub's curated selection of premium produce and products India $86M
- [**Truemeds**](https://millionrounds.com/company/truemeds) Truemeds is a rapidly growing HealthTech company based in Mumbai, India, founded in 2019 by Akshat Nayyar and Kunal Wani. India $85M
- [**Vaaree**](https://millionrounds.com/company/vaaree) Vaaree, officially known as House Of Vaaree Private Limited, is a Bengaluru-based online marketplace that specializes in high-qual India $2.1M

### Consumer Apps

2 startups · $13M raised

- [**SalarySe**](https://millionrounds.com/company/salaryse) SalarySe is a fintech platform based in Gurugram, India, designed to support salaried employees, particularly those in lower- and India $11M
- [**Boxs**](https://millionrounds.com/company/boxs) Boxs is a design-focused company that simplifies material sourcing and project execution for designers and architects. India $1.6M

### Agtech

2 startups · $27M raised

- [**Bijak**](https://millionrounds.com/company/bijak) Bijak is a leading B2B agricultural commodities trading marketplace and agritech platform based in Gurugram, India. India $22M
- [**Aqgromalin**](https://millionrounds.com/company/aqgromalin) Aqgromalin Farmtech Services Private Limited is a tech-driven agritech startup based in Chennai, Tamil Nadu, India. India $5.3M

### Beauty

2 startups · $5.1M raised

- [**Pankhuri**](https://millionrounds.com/company/pankhuri) Pankhuri is India's largest women-only social community platform, founded in 2019 by Pankhuri Srivastava. India $3.2M
- [**Vah Vah!**](https://millionrounds.com/company/vah-vah) Vah Vah! India $1.9M

### Fintech

2 startups · $162M raised

- [**Scapia**](https://millionrounds.com/company/scapia) Scapia is a Bengaluru-based travel-fintech company founded in January 2022 by Anil Goteti, a former executive at Flipkart. India $126M
- [*NG* **Neo Group**](https://millionrounds.com/company/neo-group) India $36M

**How this map is made.** Every startup here has raised money in a round we track that names Surge as an investor and is based in India. Each sits under its main sector, read from its rounds, and each shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **Surge portfolio map** 39 startups · $1.8B](https://millionrounds.com/portfolio-maps/peak-xv-partners-portfolio-map)[Sector portfolio **Surge's AI portfolio** 12 startups · $157M](https://millionrounds.com/portfolio-maps/peak-xv-partners-ai-portfolio)[Investments abroad **Foresight Ventures' investments in the United States** 15 startups · $509M](https://millionrounds.com/portfolio-maps/foresight-ventures-investments-united-states)[Investments abroad **Index Ventures' investments in the United States** 217 startups · $50B](https://millionrounds.com/portfolio-maps/index-ventures-investments-united-states)[Investments abroad **Bossa Invest's investments in the United States** 161 startups · $6.5B](https://millionrounds.com/portfolio-maps/bossa-invest-investments-united-states)[Investments abroad **Village Global's investments in the United States** 127 startups · $6.5B](https://millionrounds.com/portfolio-maps/village-global-investments-united-states)

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