Where is Seedfund's headquarters located?

Seedfund's headquarters is located in Mumbai ( India ).

How big is Seedfund's investment team?

Seedfund has a team of 6, including 4 partners.

How many companies has Seedfund invested in?

Seedfund has invested in 46 companies, including redBus & Nazara.

Which companies has Seedfund invested in lately?

AxisRooms & Heckyl Technologies are the latest investments by Seedfund.

What sectors does Seedfund focus on for investments?

Top sectors in Seedfund's portfolio are Enterprise Applications (12 investments) and Consumer (19 investments).

What stages of companies does Seedfund typically invest in?

Seedfund primarily invests in Seed and Series A stages.

How many exits has Seedfund been involved in?

Seedfund's portfolio has seen 1 IPO and 12 acquisitions.

Seedfund - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

Seedfund is a venture capital firm founded in 2006. It is primarily based out of Mumbai, India. As of Jun 2020, Seedfund has invested in 46 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it led the $98.9K Series A round of AxisRooms.

Overall, Seedfund portfolio has seen 1 IPO and 12 acquisitions including key companies like redBus, Nazara and Little Black Book. A lot of funds co-invest with Seedfund, with names like Bedrock Ventures sharing a substantial percentage of its portfolio.

Seedfund has team of 6 people including 4 partners.

Key Metrics

Team Members

Mahesh Murthy, Paula Mariwala & 4 more

Portfolio Count

redBus, Nazara & 44 more

Portfolio Sectors

Enterprise Applications, Consumer & 24 more

Portfolio Locations

India, United States & 1 more

Rounds of Entry

Seed, Series A & 3 more

Portfolio IPOs

Nazara

Portfolio Acquisitions

Frontier Communications, Chumbak & 10 more

Portfolio Soonicorns

NetAmbit

Seedfund has a portfolio of 46 companies. Their most notable investments are in redBus and redBus.Their portfolio spans across India, United States and Poland. They have invested in Enterprise Applications, Consumer, Retail and 23 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Seedfund:

1. redBus

redBus is a consumer-facing travel brand enabling customers to buy tickets on the internet and mobile. The company partners with bus operators and enables travelers to book inter-city bus tickets and hire buses. The company also added hotel booking capabilities. Owned around 70% of the market share in online bus ticketing. Its mobile app is available for download across Android, iOS and Windows devices. Launched a pilot project for dynamic pricing in Ahmedabad with cheap tickets for early birds. Planning to expand its global footprint by launching operations SEA & LATAM countries. Acquired by Ibibo Group in June 2013.

Key facts about redBus

Founded Year: 2006
Location: Bengaluru (India)
Annual Revenue: ₹763Cr as on Mar 31, 2024
Last Known Valuation: $30.3M as on Mar 14, 2011
Stage: Acquired
Total Funding till date: $10M
Employee Count: 826 as on Oct 31, 2024
Investors: Naspers, Helion Venture Partners and 11 Others
Latest Funding Round: Series C, Mar 14, 2011, $6.5M
Highlight: Acquired

2. Nazara

Developer of casual games. It develops mobile games. It develops retro-style games with a focus on twin-stick shooters and platformers. It also develops mods for games such as Doom.

Key facts about Nazara

Founded Year: 2000
Location: Mumbai (India)
Annual Revenue: ₹1,220Cr as on Mar 31, 2024
Stage: Public
Total Funding till date: $128M
Employee Count: 65 as on Jan 31, 2025
Investors: WestBridge Capital, Rare Enterprises and 101 Others
Latest Funding Round: Post IPO, Nov 29, 2024, $100M
Highlight: Public

3. DailyObjects

Online brand of multi-category mobile and fashion accessories. The product catalog includes phone cases, phone holders, screen guards, adapters, chargers, wireless chargers, electronic cases, and more. It offers fashion accessories including handbags, backpacks, and wallets.

Key facts about DailyObjects

Founded Year: 2012
Location: Gurugram (India)
Annual Revenue: ₹84.4Cr as on Mar 31, 2024
Valuation: ₹381Cr as on Sep 16, 2024
Stage: Series B
Total Funding till date: $14.2M
Employee Count: 155 as on May 31, 2025
Investors: 360 One, Caspian Debt and 16 Others
Latest Funding Round: Series B, May 27, 2024, $10M
Highlight: Editors' Pick

4. Little Black Book

Online marketplace offering multi-category products. The product catalog includes home decor, furniture, shoes, clothing, bags, and accessories. It generates community-led recommendations across categories, providing unique local discoveries through feeds and map-based interfaces. Uses community-driven recommendations as a medium to drive an engaged audience. It allows users to follow others, creates a custom feed based on their interests, and posts their experiences on the platform. The app is available for Android and iOS users. It monetizes through in-app ads.

Key facts about Little Black Book

Founded Year: 2015
Location: Delhi (India)
Annual Revenue: ₹31.1Cr as on Mar 31, 2024
Last Known Valuation: ₹128Cr as on Dec 27, 2021
Stage: Acquired
Total Funding till date: $9.08M
Employee Count: 91 as on Feb 28, 2025
Investors: IDG Ventures, Dream Incubator and 89 Others
Latest Funding Round: Series A, Jan 30, 2021, $1.57M
Highlight: Acquired

5. CarWale

Online listing platforms that facilitate the sale of second-hand cars. The platform enables consumers to research various brands of cars, pricing, and insurance policies and serves as a listing platform to connect buyers and sellers of cars. Their app is available for iOS and Android devices.

Key facts about CarWale

Founded Year: 2003
Location: Mumbai (India)
Annual Revenue: ₹555Cr as on Mar 31, 2024
Last Known Valuation: $19.8M as on Jan 24, 2014
Stage: Acquired
Total Funding till date: $5.89M
Employee Count: 1,150 as on Mar 31, 2025
Investors: SVB, Sierra Ventures and 12 Others
Latest Funding Round: Series A, Jan 24, 2014, $1.75M
Highlight: Acquired

Want to see the entire list?

Seedfund has invested in 46 companies over the last 19 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Schoolay and most recent follow-on round was in AxisRooms.

Here are Seedfund's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	0	0	0
2024	0	0	0
2023	0	0	0
2022	0	0	0
2021	0	0	0
2020	1	2	3
2019	2	2	4
2018	0	2	2
2017	1	2	3
2016	0	3	3

View all investments by Seedfund

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Seedfund has made 34 investments in Seed stage with an average round size of $785K, 4 investments in Series A stage with an average round size of $2.52M, 2 investments in Series B stage with an average round size of $2.15M, 2 investments in Series C stage with an average round size of $8.24M and 1 investment in Unattributed stage.

Here are Seedfund's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Seed	34
Series A	4
Series B	2
Series C	2
Unattributed	1

View all investments by Seedfund

Seedfund has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Media & Entertainment and Healthcare. Notably, it has invested in 32 Tech companies, 22 Consumer (B2C) companies, 20 Enterprise (B2B) companies and at least 10 companies focusing on Software.

Here are Seedfund's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Consumer	18
Enterprise Applications	11
Retail	9
Media & Entertainment	6
Healthcare	4
Others	35

View all investments by Seedfund

Seedfund has made most investments in India (39), followed by United States where it has made 4 investments.

Here are Seedfund's investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
India	39
United States	4

View all investments by Seedfund

Seedfund has not made any investment in 2025 so far.

Here are the most recent investments by Seedfund:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 23, 2020	AxisRooms	India	Series A	$98.9K	-
Jun 15, 2020	Heckyl Technologies	India	Series B	$72.7K	Chiratae Ventures [+1]
Apr 15, 2020	Schoolay	India	Seed	$1.45M	Beenos [+8]
Jul 18, 2019	Nazara	India	Series C	$12M	Azimuth Investments [+8]
Apr 16, 2019	Chumbak	India	Series D	$10.1M	Gaja Capital [+3]

Get the detailed list of all investments by Seedfund. Download now!

See more recent investments made by Seedfund

1 of Seedfund's portfolio company became public - Nazara. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Mar 2021 at marketcap of $461M

Here are Seedfund's portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Nazara	Mar 30, 2021	Jul 18, 2019	Series C	$12M

View more details about public companies in Seedfund's portfolio

12 companies from Seedfund's portfolio have been acquired. The most recent acquisition were Frontier Communications in Sep 2024 by Verizon for $20B.

Here are Seedfund's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Frontier Communications	Sep 05, 2024	-	-	-
Chumbak	Jan 12, 2023	Sep 2012	Series A	$2M
Little Black Book	Aug 06, 2022	-	-	-
STAQ	Mar 16, 2021	Dec 28, 2017	Series B	$2M
Sportskeeda	Aug 21, 2019	Oct 25, 2011	Seed	$555K

View all acquired companies in Seedfund's portfolio

Seedfund has a team of 6 members including 4 Partners and 1 Venture Partner located in India. Seedfund's team sits on the board of 4 companies.

Here is a list of all team members in Seedfund:

Name	Designation	Location	Board Memberships	Contact details
Mahesh Murthy	Partner	-	V Resorts and Satellize	2 Emails, 2 Phone numbers
Paula Mariwala	Partner	Mumbai	Heckyl Technologies	2 Emails, 1 Phone number
Pravin Gandhi	Partner	Mumbai	CarWale, Avendus and 3 more	2 Emails
Bharati Jacob	Partner	Bengaluru	Vaatsalya and SportzVillage	1 Email
Sanjay Anandaram	Venture Partner	Bengaluru	Quess, Sattva Consulting and 1 more	1 Email
Sachin Chikhalikar	Associate	Mumbai	-	1 Email

Get the full list of Seedfund's team & partners for free. Download now!

View team details of Seedfund

Over the past 19 years, 470 investors have co-invested in Seedfund's portfolio companies.

Invested before Seedfund: ESL, JetSynthesys and 33 others have invested in rounds before Seedfund. There are 1 company where ESL has invested before Seedfund and 1 company where JetSynthesys has invested before Seedfund.
Top Co-investors of Seedfund: 153 investors entered a company along with Seedfund. These include investors like Bedrock Ventures (3 companies).
Invested after Seedfund: A total of 282 investors have invested in Seedfund's portfolio after their investments. Top Investors include Asian Healthcare Fund (3 companies), Aditi Balbir (2 companies) and RB Investments (2 companies).