IvyCap Ventures, founded in 2011, is an Indian venture capital fund that utilizes the networks of IIT and IIM alumni to support and nurture the startup ecosystem in India. The Platform has a portfolio of 50+ companies spread across sectors such as ConsumerTech, HealthTech, Fintech, EdTech, Saas, Enterprise Tech, DeepTech, and others.
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IvyCap Ventures has 54 companies in its portfolio. On May 16, 2023, they made their most recent investment in Agraga (Series A Round). Purplle is the only unicorn owned by IvyCap Ventures. There have been 8 portfolio exits for IvyCap Ventures. The three most noteworthy exits are Bewakoof, Clovia, and Aujas.
Here is the list of the IvyCap Ventures Startup Portfolio | Startups Funded by IvyCap Ventures
Purplle
Manish Taneja and Rahul Dash founded Purplle.com, an e-beauty platform in India that was established in 2012. They have over 7 million monthly active users base, and Purplle.com has become one of the largest platforms in the country for beauty products.
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They offer a wide range of options with more than 1000+ brands and approximately 50,000 products, all accessible through their website and mobile application. IvyCap Ventures had invested ₹15 crore in Purplle, in a Series A funding round back in 2015. Purplle gives 22x return to the lvyCap.
BlueStone
In 2011 founded by Gaurav Singh Kushwaha, BlueStone is India’s leading digital-first fine jewelry brand. As an omnichannel jewelry brand, BlueStone provides excellent customer experience by placing a primary focus on top-notch quality and exquisite craftsmanship in its products.
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Bluestone Raises $16 Mn From IvyCap, Accel, and Dragoneer in Jul 2015. IvyCap Ventures, Iron Pillar, and 4 more investors invested $1.95M in a Series D round on May 29, 2020.
eShakti
Founded by B G Krishnan, eShakti is an international women’s fashion brand That made personalized clothing for every customer. Its global presence is in over 30 countries, including Canada, Australia, the UK, France, and Germany.
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eShakti raises an undisclosed amount in Series B Funding From IvyCap & IDG Ventures. The Platform has more than 10 investors in its portfolio such as Chiratae Ventures, Innoven Capital, BlackSoil, IvyCap Ventures, and others.