Array Ventures

Founded in 2011, IvyCap Ventures is one of India's leading homegrown venture capital funds leveraging IIT and IIM alumni networks to power the Indian startup ecosystem. Headquartered in Mumbai with offices in Delhi, Bengaluru, US and Singapore, the company is currently managing assets in excess of USD 530 million with a portfolio of 30+ companies spread across sectors such as ConsumerTech, HealthTech, Fintech, EdTech, Saas, Enterprise Tech, DeepTech and others. We are a sector agnostic fund stemming from our strong belief in people’s power to spark innovation & disruption. We invest in early to growth stage start-ups (Seed Pre-series A, Series A and Series B) that are building innovative technology-based products, services & business solutions and have the potential to scale and adapt to lead in a cut-throat market and became India’s first homegrown VC fund to have successfully created a dragon company' As a homegrown VC fund, we are proud to have more than 20 institutional investors investing across our funds. Promising start-ups, in addition to funding, could receive invaluable advice and scale-up support within the IvyCap Ventures ecosystem under the Mentorship Program. We also have an alumni-driven engagement platform for all the stakeholders in the start-up ecosystem under the name IvyCamp which helps in enabling engagement, accelerating business, design corporate innovation programs, and help early stage start-up communities to connect with investors. IvyCap Ventures also have direct support from over 5,000+ IIT and IIM graduates globally. Our core philosophy lies in creating enduring value for all our stakeholders through capital and expertise. We nurture relationships with our investors, and portfolio companies and believe in creating a meaningful impact while generating financial returns. Our current portfolio includes Purplle.com, Bewakoof.com, Biryani By Kilo and more, together we are accomplishing a meaningful difference.

We’re not afraid of revolutionary change because it’s been at the center of our trajectory for more than 30 years across more than a dozen industries. We’ve taken technology from our imaginations into households worldwide, and we’re always looking for the next great idea - not because it’s a straight line to profit but because we’re risk-takers who love a good story. OUR GOAL IS NOT TO FORETELL THE COURSE OF THE REVOLUTION. We aim to contribute to its construction. Across our diverse and forward-thinking portfolio in AI, education, medical devices, SaaS, and marketplace businesses, our core focus is harnessing and nurturing talent with a strong emphasis on unleashing the full potential of data, insights, and machine learning to unlock new possibilities and create a better future. We bring more than just capital to the table. We work closely with founders to provide strategic guidance, mentorship, and access to our extensive industry experts and advisors network. We believe in the power of collaboration and are committed to working with our portfolio companies to help them succeed. OUR STORY For many years, the brothers served as co-CEOs of Insight Enterprises, with Eric retiring to Chairman Emeritus in 2009 while Tim remains Chairman of the Board to this day. Throughout their tenure, Eric and Tim played were critical in cultivating Insight’s culture of innovation and exceptional customer service and empowering their employees. This culture that has helped Insight earn numerous awards and recognition over the years. In addition to building Insight into a Fortune 500 company, Eric and Tim have remained active in the business community as principals of AZ Crown Investments. Through this venture, they provide early-stage funding and mentorship to promising startups in various of industries, including technology, healthcare, and consumer products. Drawing upon their wealth of experience and expertise, they have helped numerous companies succeed. Beyond their work with AZ Crown Investments, the brothers also serve on the boards of multiple companies and organizations. They are dedicated to making a positive impact in their communities and beyond, supporting various philanthropic initiatives. Eric and Tim have established themselves as true leaders in the business world through their commitment to entrepreneurship, mentorship, and philanthropy.

Our mission is to generate value in our community by providing funding and resources to local, early-stage entrepreneurs. TVV seeks to invest in companies in the HealthTech, Life Sciences, SaaS, and AI verticals.

CE-Ventures is the corporate venture capital platform of Crescent Enterprises, focusing on strategic investments in early- to late-stage high-growth companies and select venture funds globally. The platform was launched in 2017 and initially capitalised with $150 million to be invested by 2020, 50% of which is targeted towards the MENA region. CE-Ventures targets start-ups that offer synergies with Crescent Enterprises’ operations across supply chain management tech, medical tech, enterprise software as a service (SaaS), and niche consumer emerging tech, among others. The platform focuses on wide-ranging emerging technologies pervasive across industry sectors such as artificial intelligence (AI), the Internet of things (IoT), and blockchain. CE-Ventures partners with purpose-driven entrepreneurs and start-ups to catalyse disruptive technologies and generate long-term returns. Focus Areas EMERGING TECHNOLOGIES Artificial Intelligence Machine Learning Internet of Things Big data ENERGY-TECH Industrial drones Energy storage Cleantech Upstream oil & gas production ENTERPRISE/SAAS Cybersecurity Software Infrastructure FIN-TECH Payments & Infrastructure Open/Neo Banking Insure-tech MED-TECH Medical devices Biotech Healthcare services SUPPLY CHAIN MANAGEMENT TECHNOLOGIES Distribution Trucking & Last mile delivery Warehousing Related technologies ED-TECH Virtual classroom/Immersive learning (AR/VR) Learning management systems Collaborative & social learning Computer-aided assessment FOOD-TECH/AG-TECH Cloud kitchens Food e-commerce Smart Farming & Vertical Farming Drones & Robots

We’re nothing like your average early stage VC. For more than two decades, we have scouted, mentored, and funded Danish success stories like Vivino, Trustpilot, Lunar, Seaborg Technologies, and Glycom. Altogether, we lived well over 400 journeys alongside young guns, big egos, and eccentrics - the best kind if you ask us. PSV The land of opportunitiesInvestment Funds: We invest early in founders with the potential to rewrite the future. Societal Impact: We ensure early adaption of impact in our portfolio and the wider ecosystem. Academy: We build, nurture and develop the next generation of founders. Portfolio Management: We specialize in the commercialization of technology and act as portfolio managers. Humble-bragging just doesn't cut it when talking about our tribe of founders and their companies. They're our pride, not just for making it big but for making it right.

Unicorn India Ventures was founded in 2016 when our partners, Anil Joshi and Bhaskar Majumdar, brought their complementary skill sets together to pursue a common goal of assisting determined and visionary startup founders in scaling their businesses to new heights and developing the investor ecosystem in India. The investment thesis for this Fund revolved around the countrywide digitization wave as a result of higher internet penetration, increase in smartphone users, ease of doing business and the overall prosperity of the country. Unicorn India Ventures Fund-I was actively deployed in new-age startups, with both partners utilizing their extensive networks and deep understanding of the startup ecosystem and businesses to invest in pioneering ideas and innovative founders. Several companies that received investments from Unicorn India Ventures in 2016 experienced multiple up rounds in late 2017, which further bolstered our conviction and confidence in our investment thesis. Unicorn India Ventures was founded in 2016 when our partners, Anil Joshi and Bhaskar Majumdar, brought their complementary skill sets together to pursue a common goal of assisting determined and visionary startup founders in scaling their businesses to new heights and developing the investor ecosystem in India. The investment thesis for this Fund revolved around the countrywide digitization wave as a result of higher internet penetration, increase in smartphone users, ease of doing business and the overall prosperity of the country. The Fund-I was in the penultimate year of the investment phase. We found novel and pathbreaking opportunity which bridged the SME banking enablement gap through its innovative digital first approach, Open Bank. By this time we had invested in companies like Sequretek, Inc42, SmartCoin, Open Bank etc which later went on to become industry leaders in their domains. In 2019, as Fund-I concluded its investment phase, we experienced multiple successful up rounds, including Open's notable Series B round just one year after our initial seed investment. With this success, we began planning the launch of a new fund vehicle, complete with a clear investment thesis for each sector, marking the beginning of a new chapter in our investment journey. The year 2020 was marked by significant volatility and a period of intense learning, as it signaled the beginning of a new era. While the pandemic brought considerable challenges for everyone, technology emerged as a key driver in this paradigm shift, leading to a transformation in many aspects of daily life. The widespread adoption of digital technologies proved to be a boon for organizations that facilitated this shift, including the majority of our portfolio companies. In 2021, we resumed our active search for new and innovative investment opportunities. We directed our investments towards determined startup founders with pioneering ideas. Notably, two of our high-performing portfolio companies from Fund-I, namely SmartCoin and Open, successfully secured funding for their Series B and Series C rounds, respectively. As we entered the fifth year of Fund-I, we initiated planning for potential exits in the mid-to-late 2021 period. This strategic move resulted in some promising outcomes in the early months of 2022. In 2022, we reached the sixth year of our first fund and were pleased to report a total value to paid-in (TVPI) ratio of approximately 9x. Furthermore, we delivered an impressive compound annual growth rate (CAGR) return of around 60% after factoring in fees, to our valued investors. Open achieved a significant milestone by becoming India's 100th unicorn and the first neobank to attain this distinction. Through a partial exit from Open and complete exits from six other portfolio companies, we were able to deliver more than a two-fold return on investment to our limited partners (LPs) with one year remaining in the fund's lifecycle. Our investments from Fund-II have demonstrated exceptional growth, with several of them raising multiple rounds of funding in the first year after our initial investment. Presently, Fund-II has been fully deployed, with 80% of the corpus reserved for follow-on investments in promising breakout companies.