A global founder and operator collective, that partners with entrepreneurs in their 0 to 1 journey.

BLR/SFO/BOM/NYC/NCR
🐦 New team member alert : We are excited to announce that Rahul Mathur has joined our team today!
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Excited to announce our investments in 30+ startups, across sectors, since our inception in 2023. (1/9)
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In 4 months from launch, Stable Money crossed ₹250 crore in FD bookings on their app. Their social media campaign ‘Stable Stories’ drew thousands of users in the early launch to book an FD. Last Friday (17th May), Saurabh was our guest speaker at the DeVC Dugout session.
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Hello SFO 👋Today 6 of our portfolio companies will be presenting at YC’s 25 Demo Day We’ve been investing in YC companies for a while now: Boost Robotics (X25), CodeAnt AI (W24), Mantys (W23), EthosX (S22) and Material Depot (W22) YC has produced outlier companies in India:
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If you haven’t heard Homer Simpon crack a joke in Hindi then you must check out how Smallest AI’s latest voice models. Smallest AI is able to make Homer sound like a desi uncle. Sudarshan and Akshat teamed up in 2023 to start Smallest AI -
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Yesterday, Jonathan Ross (Founder & CEO of Groq) interacted with 40+ AI founders & builders at our office in Bangalore The first audience question was: “What brings you to India?” Jonathan didn’t hesitate for a second & shared that
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📢We are excited to announce our investment in Terractive 🏃‍♀️ Terractive is an active wear brand started by sisters Raena & Rahee from Mumbai. This ₹8 crore round was led by Fireside Ventures with participation from us (DeVC).
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“PMF doesn’t have a passport, but you do.” - Rohit Khanna, Founder of Toplyne Before founding Toplyne, Rohit was VP-Product & part of the founding team at CleverTap; he has close to 15 years of experience in Tech & SaaS Takeaways from his 0-100 Clevertap & 0-1 Toplyne journey⤵️
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🦅 DeVC is excited to share that Mohit Sadaani, Founder of The Moms Co, has joined us as Managing Director in our Gurgaon office. After an extensive stint at McKinsey & Co, Mohit stepped into the startup world by joining Snapdeal as VP-Growth.
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Delighted to share that our portfolio company InspeCity has raised a $5.6M Seed round led by Ashish Kacholia's Family Office 🚀 This round saw participation from MountTech Growth Fund - Kavachh and Anicut Capital along with all existing investors (us, Speciale Invest, Antler India & Shastra VC) A damaged home, car or relationship can be fixed. But, how do you fix a satellite in space which is travelling 7.8 kilometers per second?
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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,
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Excited to share that our portfolio company Answers AI has raised a $1.5M pre-Seed funding round In a short span of time, Answers Ai has crossed 350K lifetime users & answered 2 million user questions. They have also scaled their online presence to 200K followers and 150M views.
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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
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“70% to 80% of our content creation work is done through GenAI tools which we built in-house.. It doesn’t replace the writers or creators, but it makes them 10X better.” At last Friday’s DugOut, Lal Chand Bisu (Co-Founder of Kuku FM) shared a set of nuanced insights -
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Thrilled to announce our investment in CoCreate (YC S25)🎉 Video is eating the world — but the production process hasn’t caught up. That’s where CoCreate steps in. And their origin story is even more interesting. Tamish, Sid, and Archish are musicians who bonded at Stanford
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We are excited to announce our investment in Morphing Machines - a fabless semiconductor startup based out of Bangalore! This $2.76M Seed round was led by Speciale Invest & saw participation from other co-investors such as Golden Sparrow & IvyCap Ventures:
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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).
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We are thrilled to announce our investment into GameRamp GameRamp has raised a $5.4M Pre-Seed round led by BitKraft Ventures with participation from Mixi, Southpark Commons India, us (DeVC) & select Angel investors Our former colleague Vivek R left Z47 last year to partner with
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We're excited to host our first annual look-forward event: “Game Plan 2025” on 16th December in collaboration with Mars Shot Ventures Our team and members of the DeVC collective would be hosting 100+ founders and 50+ investors across Seed to B stages
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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).
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Excited to announce our investment into HealthCRED - a B2B healthcare financing startup! 🎉 HealthCRED was founded in 2022 to provide financing solutions tailored for the healthcare sector. Their goal is to build India’s 1st healthcare-focused Small Finance Bank (SFB).
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In Sept 2023 - Brij, Pradeep and Nilesh decided to team up to start Snowmountain AI - an R&D focused AI Lab which builds vertical focused business agents, apps & solutions. Brij left behind a 10+ year career as a VC investor and earlier building Enterprise finance & legal AI.
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Excited to share our investment into Aurva 🎉 Former Meta engineers Apurv Garg (CEO), Krishna Bagadia (CTO) and Akash Mandal (Architect) partnered together to start Aurva to give enterprises end-to-end visibility into who/how/why a human or AI agent is accessing sensitive data:
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Thrilled to share our investment in Nixo (YC S25) 🎉 Priya and Priti met in Stanford in their Freshman year - they’ve been close friends ever since. Now they’re building Nixo, the first ops platform for forward deployed engineers (FDEs):
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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
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“MCP to MVP” — (how) is AI, Agents & MCP is accelerating shipping velocity at the top companies? We’re delighted to host a virtual DugOut on Friday 16th May with an all star line of demos:
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Proud to share a sneak peak of DeVC x कृत्रिम at the Ola Sankalp event today. On 23rd August, we will be sharing more about our committment to support Indian AI application builders; via our partnership with People+ai & कृत्रिम
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We are excited to share that our portfolio company Crackle Tech has raised a $1.7M pre-Seed funding round 🙌 Crackle was founded in Oct ‘23 by 3 former Google executives - Harsh Mittal, Shashank Dudeja and Jaivir Nagi
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We are excited to announce our investment into EMoMee as part of their $1M Pre-Seed round 🎊 This $1M Pre-Seed round is led by Whiteboard Capital together with participation from Gruhas Collective Consumer Fund, us (DeVC) and Angel investors:
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We are delighted to share that our portfolio company *PowerUp Money* has raised a $7.1M Seed round 🎉🔥 This funding round is led by Accel in India, Kae Capital & Blume Ventures with participation from 8i Ventures, us (DeVC) & prominent Angels PowerUp is built for the 5cr+ Indians who are using MFs to build long term wealth. This audience is swamped with a lot of informal advice and hearsay from friends, family and 100s of influencers. This is where PowerUp Money comes in - a DIY advisory app to declutter MFs & put users long term wealth creation in control. Our investment thesis for PowerUp is based on 3 tenants:
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👋Calling Founders, Product & Design leaders who are building in AI — we are hosting an all star panel on “AI X Design” on Wednesday The panelists will address the elephant in the room head on — “(how) will AI change how we design?” —
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We are super excited to announce our investment into Cleevo 🥳 Cleevo is a next-generation home hygiene brand reimagining cleaning floor and surface cleaning for Indian households. They offer concentrate-based cleaning products that are more efficient, affordable, and environmentally friendly than traditional liquid cleaners. Cleevo has served 1.5 Lakh unique customers since inception in March 2023 and has a formidable presence across all commerce platforms such as Zepto, Amazon and Flipkart.
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Akash and Bonish are serial entrepreneurs & batchmates from IIT-B. They have built & sold 2 companies together: 2014-2015: HandyHome – acquired by Urban Company 2017-2018: AblePlus IoT – acquired by OYO In 2021, they decided to join hands for the 3rd time—once again in the hospitality space—by starting Atica:
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Delighted to share our investment in Alter AI (YC S25) 🎉 Srikar & Kevan have been friends for several years - Alter AI was born based on a deep rooted problem statement which Srikar discovered while working at Goldman Sachs as a platform lead in the post trade execution team:
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Delighted to share our investment in VyomIC 🥳 VyomIC is building Bharat’s first and largest private global satellite constellation to deliver highly accurate, secure, and sovereign Positioning, Navigation, and Timing (PNT) services from Low Earth Orbit 🛰 They announced:
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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 sector WhatsApp group is always buzzing!
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👋 Hello SFO - we're super excited to share that we are hosting our 1st DugOut in the Bay Area in partnership with Z47 & Aarthi Ramamurthy Although we're a Bangalore based team - we have had the privilege of being early investors for many teams building in & from the US as a result of our Collective: (1) Kintsugi - Sales Tax automation (2) AnswersAi - Education (3) Confido Health - Healthcare Front-office (4) Smallest AI - Voice AI Infra (5) RapidClaims - Healthcare RCM (6) CodeAnt AI (YC W24) - Code Gen (7) PineGap AI - Equity research (8) Highperformr - Sales automation (9) Snowmountain AI - Enterprise AI & many others unannounced or in stealth mode.
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“Your 1st PM hire is a pain hire and not a pleasure hire. As a founder, you make the PM hire when you can no longer manage Product due to other responsibilities (Finance, Ops, Partnerships, Investors etc) ” - Anuj Rathi (CBO, Cleartrip)
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Delighted to share our partnership with Frizzle (YC S25) 🎉 Abhay & Shyam have been friends since high school - where they started a Not For Profit organization called the Midwest Maths Circle. Their love for Maths, teaching & technology made them partner up again
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How are AI agents transforming healthcare clinics & patient experience? Calling a clinic in the U.S. often feels like entering a customer service labyrinth. Long hold times. Frustrated staff. Delayed care. That’s the exact pain Confido Health’s founders felt — quite literally:
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We are delighted to double down on our partnership with Confido Health as part of their $10M Series A round Confido is taking on a major challenge in the US Healthcare ecosystem: Staff shortage results in delayed response time to inbound calls from patients
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We’re bringing together the OpenAI engineering and product team with India’s startup CTOs and technical founders for a working session in Bengaluru. Led by Wulfie Bain, Nikunj Handa, and Thomas Jeng from OpenAI, we'll go deep with implementation patterns, live problem-solving,
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Last Friday, we hosted Arjun Rao (GP @ Speciale Invest) along with Aakash Kumar (MD @ Matrix Partners India ) and 30+ Deep Tech founders at our office for a closed door discussion on the evolution of the Deep Tech landscape, founders and funders in India. Sharing key learnings⤵️
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Delighted to share our investment in Autosana (YC S25) 🎉 Yuvan and Jason are high school buddies who are on their 4th rodeo together - this time going after a painful problem statement for any Engineering Manager - mobile app QA!
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Last Friday, we hosted 60+ Consumer Brand founders at our office for our weekly Dugout. The room was packed beyond capacity despite the evening rain & traffic. The panel included Chirag (GoKwik), Romita (Foxtale), CV (Matrix Partners India aka Z47) & my colleague Divyanshi
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👋Calling CTOs & Engineering leaders! This Friday, we are hosting an “AI in SDLC” Roundtable with a fantastic line up of speakers
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We are pleased to announce our investment into Confido Health 🏥 Confido Health has raised a $3M Seed round led by Together Fund with participation from MedMountain Ventures, Rebellion VC, Operators Studio, Angels and us (DeVC)
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Delighted to share that our portfolio company Kintsugi has raised an $18M Series A led by Vertex 🥳 The founders — Pujun Bhatnagar and Jeff Gibson — are both a force of nature — in under 2 years, they have built a formidable Sales tax compliance franchise in the USA with a 95+ member team serving a base of 2,400 customers.
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Jonathan architected Google’s 1st TPU and at now at his company Groq, he is leading the development of the world's 1st LPU - an ASIC designed specifically for AI inference workloads. Groq has scaled GroqCloud from 0 to 2 million developers in less than 18 months;
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We are thrilled to share that our portfolio company Isler has secured $2.5M in funding from Häfele 🥳 Isler is focused on kitchen appliance manufacturing. They design, create & manufacture aesthetically appealing, silent, and energy-efficient kitchen chimneys, hobs etc. The company was founded a little over 2 years ago - DeVC had invested alongside Singularity VC and two members of the DeVC Collective (Ramakant Sharma and Amiya Pathak).
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👋Calling Healthcare founders - this Friday, we are hosting a Healthcare Roundtable with a fantastic line up of speakers: (1) Rohit MA- Managing Partner @ Peer Capital & Director/Co-Founder of Cloudnine Group of Hospitals (2) Mayank Banerjee – Co-Founder of Even Healthcare
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We’re thrilled to announce our investment in Stance Health — a Bangalore based HealthTech startup. Stance Health has raised a $1M Pre-Seed funding round led by General Catalyst India with participation from Antler India, us and Angels.
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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 Pittalwala, Yash Dholakia and Mohit Sadaani
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We are delighted to announce our investment in Fabriclore 🚀 💸Vijay, Anupam, Sandeep & team Fabriclore have raised a $1.6M Seed round led by PeerCapital with participation from Regal Group (UAE) as a strategic investor & financial investors such as Bulleon Ventures, & us (DeVC)
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We're excited to be hosting our 2nd Dugout tomorrow (5th September) in SFO This our quarterly curated gathering for portfolio founders, co-investors & friends of the firm. We're co-hosting Dugout this time with a fantastic line-up:
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👋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 for MTW Mumbai Tech Week 2025
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Rahul has been a founder himself. He has been giving back in his own way by: (a) Enabling early-stage founders find collaborators and investors through his wide network (b) Sharing his learnings both from his personal journey & those he gathers from his intellectual pursuits
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We are thrilled to share that our portfolio company RapidClaims AI has raised a $8M Series A led by Accel India DeVC had invested in RapidClaims in the previous Seed round ($3M) led by Together with participation from Peercheque, Neon VC and Better Capital:
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We are delighted to share that our portfolio company Stupa Sports Analytics has raised a ₹28 crore Pre-Series A funding round 🚀 This round is led by our friends over at PeerCapital and Centre Court Capital at a ₹98 crore valuation ⤵️
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Hello Delhi 👋 We are super excited to bring our DugOut series to town on 20th September 2024 (i.e. this Friday) We recently visited Mumbai and hosted our DugOut at WeWork with Shashank (Whole Truth Foods), Aniket Deb (Bizongo), Romita (Foxtale) & Arjun Vaidya (Dr Vaidya’s)..
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Hello Bangalore 👋 After a ~2 month hiatus from Bangalore — we’re back for the DeVC DugOut — and in a BIG way! We’ve partnered with GrayScale Ventures who are hosting the Magicball AI Week in Bangalore
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Last Friday we hosted 50+ FinTech & BFSI founders for a discussion on navigating compliance & complexity while building a financial services company. Nitin Gupta - Founder & CEO of Uni & Aakash Kumar- MD at Matrix Partners India (aka Z47) addressed some of the key audience FAQs:
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We’re delighted to be hosting Vinit Bhansali at our BLR office to speak about “(how) should you think about moving to SF to build your company?” Moving countries is a major (personal & professional) decision with far reaching consequences (on lifestyle, family & work networks)
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India’s Consumer Internet ecosystem is going through its biggest shifts in years. Millions of users, thousands of operators, and billions of minutes of attention are moving all at once. What happens next? The mechanics that kept people engaged in gaming:
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Hola Bay Area 👋 We’re back in town to host DugOut - this time in a salon format to address the burning question: “(how) does GTM change in the AI era? We have incredible 2 guest speakers:
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👋 Calling all founders who are building in AI or FinTech — we’re hosting our next DugOut on 25th April 2025 (this Friday): The common grouse in AI is “show, don’t tell” - therefore, no panel this time — ONLY demos from AI X FinTech companies who have paying customers or
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कसा काय, मुंबई 🙏 We are coming back to town on Friday (27th Sept) to host a DugOut session on building AI Applications for India. The panelists are: 1. Aakrit Vaish — Advisor on AI to MeitY, Founder of Haptik & peercheque 2. Tanuj Bhojwani — Head of People+ai
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➡If you’d like to be part of future Dugout sessions - do follow us @DeVc_India & keep an eye out on socials. And, if you found this useful, tag a founder or re-tweet. Rohit doesn't use Twitter but you can find him active on LinkedIn & open to help SaaS founders🤝
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Our collective includes some of the most remarkable founders, each of which bring their unique expertise. They include @RevantB, @nitinwhatever, @miten, @msadani, @VasantSridhar, @AsishMohapatra1, @LadyAshBorg, @ArvindParthiban, @amit_lakhotia, @aakrit, @Naveenkukreja5 (6/9)
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कसा काय, मुंबई 🙏 We are super excited to bring our DugOut series to town on 2nd September 2024 (i.e. coming Monday) After running the DugOut for 14 consecutive weeks in Bangalore, our Collective members based in Mumbai asked “Why should Bangalore have all the fun & learnings?”
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We are excited to announce our investment in Felicity Games founded by Anurag Choudhary, a seasoned consumer internet executive. Felicity has raised $700K from us, Visceral Capital & angel investors including Sameer Pitalwalla, Manish Agarwal, Swiggy founders and Kunal Shah:
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Amartya & Chinmay are slightly different engineers - they love coding but they really know how to sell. For most of 2024, our office was bright & buzzing post 9PM because Amartya would be doing customer calls & demos to US based clients. This duo founded CodeAnt AI in June 2023 — they are hardworking, resilient and focused builders. You might remember them from their “successful YC admit on 4th try” story.
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👋Calling DeepTech founders - this Friday, we are hosting a DeepTech session with Arjun Rao (GP at Speciale Invest) Arjun is a former founder himself and now is a GP at Speciale Invest
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"Taking your company public feels like being selected for the national team - your journey starts there (once more). You've prepared your whole life for this.” - Abhishek Goyal, Co-Founder of TRACXN (NSE:TRACXN)
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👋Calling FinTech founders - this Friday, we are hosting a Dugout session with Nitin Gupta - CEO & Founder of Uni Cards which will be moderated by Aakash Kumar - MD at Matrix Partners India (aka Z47)
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We are delighted to announce our investment in ProsParity 🚀 💸Saurabh, Anirudh & team ProsParity have raised a $2M Seed round led by BEENEXT with participation fromAll In Capital, us (DeVC) & Angel investors incl Abhishek (Founder, Tracxn) & Dhyanesh (Founder, Mosaic Wellness)
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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
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In 2015, Sidu & Aakash sold their company C42 Engineering to their largest client Gojek (now the GOTO Group). They played a pivotal role in building Gojek’s engineering team & culture to help it scale from 100s of rides per day to millions of rides per day. After a stellar run at Gojek, they decided to jump back into the startup arena by co-founding realfast and partnered with Steve Sule:
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👋 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)
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(c) Actively backing mission driven founders with his personal capital Rahul will work with our team to spearhead efforts to channelize flow of capital, network and knowledge from our DeVC Collective to early stage founders.
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1/ Introducing #Bidso : Stitching the fragmented supply chain in B2B manufacturing !
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We're excited to be hosting the Berkeley Hoppy Hours tomorrow (3rd September) as part of our DeVC Tribes initiative This edition of Hoppy Hours is being co-hosted with Kevin Chang from Berkeley Ventures and Shubhan Dua from Answers AI
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His enthusiasm for venture building is unparalleled and we are delighted to have him join the team! 🙌
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👋Calling all founders - this Friday, we are hosting a Dugout session with Abhishek Goyal, Co-Founder of Tracxn (NSE: TRACXN) for a discussion on “Outcomes in a maturing venture landscape” Abhishek is a 3X Founder. He led Tracxn from idea (May '13) to IPO (Oct 20, '22) & beyond.
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We’re excited to host an All Star panel on Consumer Tech this Friday in Bangalore Joining us at the DeVC DugOut are: (1) Lal Chand Bisu - Co-Founder of Kuku FM Serial Enterpreneur who has raised over $50M for Kuku FM and broken the myth that Indian users don’t pay.
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Last Friday we hosted 30+ CTOs, SaaS & DevTool Founders for an “AI in SDLC” Roundtable at our office in Bangalore: We had a fantastic speaker line up:
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Excited to share our investment in AuraML which is building the “Generative simulation engine for industrial robots” 🥳 AuraML has raised a $1M Pre-Seed round led by Turbostart with participation from us (DeVC), GFS Accelerator and India Angel Network:
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At DeVC, we are shaping a community-first approach to early-stage investing, bringing together a collective of founders, operators and investors, committed to supporting and nurturing startups from concept to early traction. (2/9)
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👋Calling Consumer founders - this Friday, we are hosting a Consumer Roundtable with a fantastic line up of speakers:
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4️⃣India v/s USA (hiring) - SaaS founders in USA hire a Product Marketer early (first 10-15 hires) - Whereas in India, we place lower emphasis on Positioning. Considering the reasons above, PMF in India cannot be automatically exported to the USA. This is Rohit’s big learning.
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Smallest AI has raised funding from 3one4 Capital, Better Capital, us (DeVC) and a number of prominent Angel investors. They’ve begun the journey to sell to Enterprises & are seeing early traction & love from customers across geographies & sectors! Wishing Sudarshan, Akshat & team Smallest AI the very best for the future 🚀
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#RohitMA, #RamakantSharma, #SanatRao, #AnoopDawar, #KarthikRamamoorthy, #ArjunVaidya, #AshishGoel, #RangarajanKrishnan, #ChitraHariharan We are also fortunate to have the support of early-stage investors like #RohitMA, @visheshrajaram, @7rahulc and others. (8/9)
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AI voice calls felt alien like. That’s where Smallest AI came in - they have 2 offerings: 1. [Atoms]— Voice AI Agent builder 2. [Waves]— TTS and Voice cloning infrastructure We began interacting with Sudarshan since he was a regular attendee at our DugOuts in Bangalore throughout 2024. Recently, we co-hosted an event in BLR with the Smallest AI team (featuring Paras Chopra and Dr. Arjun Jain) A few days ago, Smallest AI unveiled Lightning V2 → the fastest TTS model (100ms latency) which supports 16 languages & custom voice at an affordable cost of $0.05 per 10,000 characters.
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👋Calling founders building in AI - this Friday, we are hosting Ashray Malhotra - Co-Founder of Rephrase AI (acquired by Adobe) at our office in Indiranagar for a Dugout on “Building a global AI company from India”
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📢We are excited to share that Nishchay (Co-Founder of Jar) will be the guest speaker at our DugOut session on Friday this week. Nishchay & Misbah have built Jar into a formidable business: $15M ARR, CM2 positive, raised $60M+, $300M valuation - all in a short span of 3 years.
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2️⃣The US is “money rich but time poor” & talent is very expensive. - hence, the bar is higher and they care a lot about product experience, don't like hacks and appreciate quality. They see value in automating & making their jobs easier vs throwing more people at the problem.
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Hello Bangalore👋 it has been a while! We've got a small surprise lined up for this Thursday evening: A (very) well known global Product Management coach is dropping by our office in Indiranagar to do a short session on every Product Management.
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👋 Calling Founders & Product leaders, this Friday, we are hosting a DugOut with Anuj Rathi (CBO @ Cleartrip) on “Building & Scaling the Product function” Anuj was the 1st PM hire at Flipkart - went on to join Snapdeal, built Swiggy for 7 years & later became an exec at Jupiter
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Calling all 0-1 SaaS Founders! Navigating the complexities of scaling a SaaS company involves more than just a solid product. Let’s unpack this! 🧵
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