DeVC

We are excited to double down on our partnership with Anurag & Felicity by backing them in their current $3M seed round led by 3one4 capital. ?? Anurag and team are building one of the most compelling publishing playbooks for gaming, deeply rooted in rapid prototyping in partnership with game makers, and then diving growth for such IPs on back of UA and live ops expertise. Two of their early IPs Seek & Find and Nova Solitaire have already gone on to garner 1M+ downloads and are scaled up to $100K+ monthly revenue run rate With game making getting democratized rapidly with advances in developer tooling on back of genAI, Felicity is shaping the future publishing playbook that would enable 1000s of game builders to grow and monetize their IPs We invested in Felicity at the formative round alongside Sameer & Manish from our Collective. ?? We first engaged with Anurag 18 months ago — early in his journey at a session we hosted for gaming founders. He has nurtured this team, business & strategy — wishing Felicity Games the very best — the journey has just begun! #startups #india #venturecapital

?? Hello Delhi! We’re super excited to host our quarterly NCR DugOut on 5th March 2025. This time, the panel discussion will be centered on the ‘the Idea to IPO & Beyond’ journey featuring : ?(1) Rohit Bansal (Co-Founder, AceVector Group & Titan Capital) (2) Vishesh Khurana (Co-Founder, Shiprocket & Co-Managing Partner, Tribe Capital India) (3) & moderated by Mohit Sadaani (MD, DeVC & Co-Founder, The Moms Co) Shiprocket is prepping for its IPO (per public sources); Rohit has taken one group company public (Unicommerce went public in 2024) & Mohit has had a different journey (exit to strategic)?— this will be an interesting discussion for founders at all stages of their journey. Each of our panelists are Founder Turned VCs who have seen both sides of the table now! The panel discussion will be followed by networking, dinner & drinks — we have a few (15) spots open for NCR based founders who are building across sectors — please sign up via the Luma link here — : https://lu.ma/kxxr67s5; registration is subject to confirmation #startups #india #venturecapital

We’re excited to unveil the Jury for the ‘Elevator Pitch’ session at Mumbai Tech Week 2025 ?? The jury members are ?? (1) Consumer Tech & B2B — Sameer Pitalwalla, Yash Dholakia and Mohit Sadaani (2) FinTech — Ritesh Jain, Lizzie Chapman and Anish Patil (3) AI + SaaS?— Dhruvil Sanghvi, Sanket Shah, Aakash Kumar, Anand Jain We’re delighted to continue our partnership from last year with Tech Entrepreneurs Association of Mumbai (TEAM) and Government of Maharashtra (GoM) for MTW Mumbai Tech Week 2025. PS; we’re still accepting applications — up to $500K in funding ??Link to apply: https://lnkd.in/d3rv5aZN #startups #india #venturecapital

Showcasing DeVC’s Consumer portfolio — the creators of customer love, the engineers of habit forming products & the designers of tomorrow’s means of expression. DeVC has partnered with 29 Consumer companies over the last 2 years — our ‘Consumer’ sector WhatsApp group with our Collective members is always buzzing! Our push into consumer is led by Ramakant Sharma (Founder - Livspace) & Revant Bhate (Founder - Mosaic Wellness) who are also Venture Partners at DeVC. And, we’ve made several co-investments with Abhishek Goyal (Founder of TRACXN), Arjun Vaidya and Utsav Somani We broadly divide ‘Consumer’ into 5 sub-sectors: (1) Brands ?? Terractive, Boba Bhai, Legend of Toys, Kilrr, Kreo (2) Media & Gaming ?? Felicity Games, EMoMee, Eight Networks (3) Health ?? HealthFlex, OnCare, DreamSleep app, Cleevo (4) Digital micro-transactions ?? InstaAstro, Ziffi Chess, AnswersAi, Supernova (5) Marketplaces ?? Marrfa, Tractor Factory We’re bullish on Consumer globally — Jamil is building Marrfa (UAE PropTech) | Shubhan & team are building Answers AI out of LA Our findings tell us that micro-transactions are now officially a viable monetization mode for Indian businesses (alongside ads & subscriptions) — Insta Astro provides astrology on demand, Supernova provides English education on demand. Our belief is that as India undergoes its ‘Wealth’ journey, it will also undergo its ‘Health’ journey — Cleevo offers green sanitation products, Oncare is reducing for cancer treatment costs, HealthFlex is improving physiotherapy patient outcomes.? ?? Consumer is a sector where we have underwritten businesses with deep conviction across multiple rounds. We hope to continue partnering with more founders over the next few years especially in the Health & Digital micro-transactions space! #startups #india #venturecapital

??Calling all Mumbai based founders - here is your opportunity to raise up to $500K in funding from DeVC & our Collective We’re delighted to announce our partnership with Tech Entrepreneurs Association of Mumbai (TEAM) and Government of Maharashtra (GoM) for MTW Mumbai Tech Week 2025. Like last year, DeVC is powering ‘The Elevator Pitch’ - a live pitch fest at MTW. Last year - 400+ startups applied, 40+ startups pitched & select few got funded by us & our peers. There are 3 tracks → AI + SaaS, Consumer Tech & B2B and FinTech Eligibility criteria for The Elevator Pitch: (a) Company should be incorporated in India (b) Should have raised ≤ $500K in total? (c) Founders should be working full time on their business? (d) Pre-product | pre-revenue co’s are also eligible Time is running out — the last day to apply is 20th Feb! Do spread the word — tag a fellow founder PS: If you tag someone & get they selected for the Pitch Fest, we’ll give you a free ticket to come see them in action! Stay tuned — we will reveal the judges for this year! ??Link to apply: https://lnkd.in/d3rv5aZN #startups #india #venturecapital

We’re delighted to share that our portfolio company Ambak has announced $7M in funding across its Seed & Pre-Series A round ?? We doubled down on our partnership with Rashi Garg , Raghuveer Malik & Rameshwar Gupta by investing in the Pre-Series A round led by Peak XV Partners with participation from Advantedge Founders, Alluvium Capital & angel investors, Ambak is a tech-enabled marketplace for mortgages, LAP & other forms of secured credit. Since our initial investment in Ambak, the team has executed phenomenally well by scaling to: (a) 3,000+ channel partners (b) 50+ financial institution partners (c) 15,000+ customers Our conviction in making this investment comes from the deep operating track record of all 3 founders and from table thumping views from the DeVC Collective (especially from Nitin Gupta, who has also co-invested with us in Ambak) Credit linked to residential real estate accounts for ~50% of the retail loans in India. While most other forms of credit in India have been digitized — home loans remains one product where digitization is yet to fully pan out. Ambak has an edge here! Aakash, MD at DeVC said “Ambak’s potential is immense and the boldness of this team’s vision puts them in a great position to innovate in the secured lending space. We are excited to be a part of the company’s journey as it continues to scale and build a world class platform for all stakeholders in the housing finance market” Wishing team Ambak the very best for their journey ?? #startups #india #venturecapital

We are excited to share our investment in Tractor Factory???? — an omni-channel marketplace for purchasing new & old tractors??? Tractor Factory was founded by Shailesh Tiwari in 2024. Shailesh is an IIM-C grad who has spent time at TAFE (which gives him the insight into the Indian tractor market) and Chalo (which exposed him to startups & mobility) ??The company announced its $500K Pre-Seed round led by All In Capital with participation from Bharat Founders Fund, us (DeVC) and Angels from the DeVC Collective including Chakradhar Gade (Country Delight) & Abhishek Goyal (TRACXN) It operates a network of COCO & FOFO owned stores across Madhya Pradesh right now. It has begun expansion outside its home state. ??Building trust with customers & partners is the key to success in the used vehicles space: (a) Despite being a young company, they have significant inbound from prospective franchise partners (across the country) due to their content led acquisition play (b) The company undertakes refurbishment (i.e. a full stack play) to sell Tractor Factory Assured? units to franchisees and their customers. Abhishek Goyal, Founder of TRACXN & DeVC Collective member said: “Tractor factory is taking a step towards making farming an economically sustainable activity for farmers in India. The early feedback from users is incredible.” ?? Wishing Shailesh Tiwari & team Tractor Factory the very best for their journey ?? #startups #india #venturecapital

Excited to share that we have doubled down on our partnership with Dhruv & Boba Bhai. ?? Boba Bhai just announced a ?30 crore follow-on investment led by 8i Ventures with participation from Titan Capital, Global Growth Capital and us (DeVC). We made our initial investment in April 2024 based on Dhruv Kohli’s incredible track record & positive signals from multiple members of the DeVC Collective — peercheque (Aakrit & Miten), Mars Shot Ventures (Harshil & Shashank) and Arjun Vaidya Team Boba Bhai has exceeded ALL expectations: ?(1) ??Scale: It fulfills 80,000 orders per month with an AOV of ?400 i.e. ?3.2 crore Sales in just one year of founding (2) ?? Customer Love: Our team heard overwhelming positive feedback when we visited their outlets during our diligence process (3) ??Product extension: After extensive culinary R&D, the company is rolling out its own ice-cream (we distributed early samples at one of our events!) ?The business has incredible runway to grow from here — expansion of the CPG range, launch on Quick Commerce channels, outlet penetration in T2/T3 India. Aakash Kumar, MD at DeVC, said "Dhruv has compounded at an extremely fast rate. The scope of ambition continues to expand -- from QSR to FMCG products & beyond. It is a pleasure to be in business with them!" The team has taken an audacious target to scale from the current 42 stores to over 150 stores by the end of this year (this is an upward revision from the earlier target of 100 stores by December 2025). ?? Please join us in congratulating Dhruv & team Boba Bhai; wishing them the very best ?? #startups #india #venturecapital

It is heartening to see DeVC’s active investment push in AI startups being called out by good folks at ET! :) Together with our collective members Ashwini, Aakrit, Arjun, Vishesh, Aakash, Soumitra and many more, who are seasoned founders and investors from the domain, we have been investing across the Machine learning, AI and Data (MAD) landscape with special focus on Applied AI To date, we have made 19 investments and are privileged to have partnered with some of the boldest and most ambitious founders who are building some of the most compelling products and services Across founder backgrounds: From highly experienced & successful entrepreneurs like Sidu & Aakash (realfast) to disruptive and audacious first time founders like Siddhant & Shubhan (Answers AI) Across themes: From deeply vertical plays in health (RapidClaims.ai, Confido Health) to broader consumer applications in learning (ZuAI ,Supernova ) Over the past year we have also partnered with founders building deeper infra plays such as Morphing Machines which is building custom silicon for deep learning use cases We're very grateful for the partnership with each of our founders ?? #startups #india #ai #technology #venturecapital

We are pleased to announce our investment into Quash ?? Quash has raised $650K in Pre-Seed funding from Arali Ventures, Java Capital, peercheque, us (DeVC) and Abhishek Goyal (Angel & member of the DeVC Collective). Ameer, Prakhar and Ayush founded Quash in 2023 to streamline the QA process for mobile apps by automating the entire testing lifecycle from bug detection to resolution with an eventual goal of eliminating the requirement for manual testing. The company recently launched Quash Report — an open-source bug reporting tool. Quash has also seen fast uptake in the market — marquee customers include Ola Group and Rebel Foods.? DeVC was introduced to the founders by Aakrit & Miten (members of the DeVC Collective) who also invested in the company via their vehicle peercheque Aakrit told us "QA Testing is a field ripe for disruption, and Generative AI is set to play a transformative role. Ayush, Prakhar, and Hamza are building something truly groundbreaking, and peercheque is thrilled to support them on this exciting journey (alongside DeVC).” Please join us in wishing team Quash the very best for their journey ? #startups #india #venturecapital