Seed to Series B fund research profile
IvyCap Ventures is an India-focused multi-stage investor built around the network of IIT, IIM and other institutional ecosystems. Its current strategy combines seed and Series A participation with meaningful minority positions, follow-on capital and a growing emphasis on deeptech, climate, health and industrial technology.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
IvyCap Ventures uses a seed to series b approach across Consumer, health, deeptech, fintech.
Current evidence
IvyCap closed Fund III at ₹2,100 crore in 2024 and reported approximately ₹5,000 crore of AUM; its public portfolio names include Purplle, BlueStone, Miko, Snitch, DhruvaSpace and Eggoz.
Strategy
Seed to Series B
Sector focus
Consumer, health, deeptech, fintech
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
IvyCap closed Fund III at ₹2,100 crore in 2024 and reported approximately ₹5,000 crore of AUM; its public portfolio names include Purplle, BlueStone, Miko, Snitch, DhruvaSpace and Eggoz.
Investor questions
IvyCap Ventures is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Seed to Series B, with a sector focus of Consumer, health, deeptech, fintech. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to IvyCap Ventures in the reviewed public sources: Purplle, BlueStone, Miko, Snitch, DhruvaSpace, Eggoz, Celcius. It does not represent a complete current portfolio unless the manager has published one.
Fund III closed at ₹2,100 crore and the manager said it would invest in about 25 companies with ₹30–50 crore average initial tickets. Business Standard reported near-3x DPI for Fund I, 0.4x DPI for Fund II and a 22x Purplle exit; these are vintage-specific reported outcomes. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Fund III final close ₹2,100 crore; total AUM was reported at ₹5,500 crore by Business Standard and approximately $600M in the manager’s 2024 newsletter.. Public terms or access information: Seed to Series B, with significant minority positions and up to 20% of Fund III reserved for follow-ons. The firm’s public strategy emphasises technology-enabled businesses and institutional networks.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Vikram Gupta. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: Fund III deployment status.
2024: IvyCap closed Fund III at ₹2,100 crore in 2024 and reported approximately ₹5,000 crore of AUM; its public portfolio names include Purplle, BlueStone, Miko, Snitch, DhruvaSpace and Eggoz.
Next step
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