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The Venture Codex

12 Flags

6th Floor, The Collonade, The Leela Palace, Old Airport Rd, Bangalore, KA, 560008, India

Overview

12 Flags Group is a consumer investment platform that focuses on early growth businesses.

Total investments
7
Lead investments
5
Investments · 12mo
7
Active investors
2

Sector focus

  • Financial Services
  • Impact Investing
  • Venture Capital
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Investment portfolio

  • Wippi

    Led · Seed · Aug 2026

    Wippi builds screen-free learning and play products that combine conversational voice AI, storytelling and interactive play for children aged four and above. Its portfolio includes Character Cards, illustrated storybooks and Wippi Radio, enabling kids to interact with characters like Ram, Krishna, Alice, Cinderella and Aladdin. The company plans to expand its characters, languages and original content, and is developing collectible figurines and additional AI-powered conversational learning products. Wippi aims to reach 15,000 families over the next 12 months and to expand into global markets. The startup was founded by Rishabh Singhi and Siddhartha Jain and is headquartered in Bengaluru.

  • Sumosave Retail

    Led · Series B · Jul 2026

    Founded in 2022, Sumosave Retail operates company-owned neighbourhood supermarkets across east and north India, catering largely to middle and lower-middle-income consumers. The chain focuses on value retail and affordability and has set a goal of operating 500 stores by 2030. The company plans to use its latest capital to expand its store footprint and to strengthen its supply chain. Sumosave previously raised $3.3 million from Lightspeed and angel investors. To finance expansion, the business is combining equity and venture debt, exemplified by the pre-series B equity raise led by 12 Flags and venture debt provided by Stride Ventures.

  • Blue Tokai Coffee Roasters

    Participated · Series D · May 2026

    Blue Tokai Coffee Roasters is a specialty coffee chain operating over 175 cafes across multiple Indian cities. The company sells coffee and operates a retail cafe network while partnering with investors to fund growth. It reported FY25 revenue of Rs 325 crore, a 50% year-on-year increase, and narrowed losses to Rs 50 crore (down 20.6%). Blue Tokai has raised over $130 million to date, including a $25 million Series D bridge, and completed a Rs 175 crore Series D extension led by Anicut Capital. Post-round ownership changes include A91 Partners becoming the largest external shareholder at about 23.51% and Verlinvest holding about 14.62%. The company plans to expand into international markets such as Dubai and Japan.

  • KNOT

    Led · Equity · Dec 2025

    Founded in 2025 by IIT Bombay graduates Archit Nanda and Rachit Bansal, KNOT positions itself as the “operating system of instant fashion,” blending creator-led trends with hyper-local logistics. The app offers 60-minute delivery, virtual try-ons, and a doorstep Try ‘n Buy model aimed at removing friction from online apparel shopping. Order volumes have tripled in the last three months, now exceeding 350 orders per day, underscoring early product-market fit among young, time-sensitive shoppers. KNOT is integrating premium labels such as Jack & Jones, Vero Moda, Van Heusen, Louis Philippe, and Allen Solly to expand assortment quality. With fresh funding, the company plans to deepen its micro-warehousing network, refine routing and last-mile logistics, and roll out service in additional Indian cities beyond its Mumbai beachhead. Investors highlight KNOT’s AI-powered fit intelligence and discovery engine as key differentiators in a crowded online fashion market. The startup ultimately aims to merge culture, commerce, and speed to redefine how Indian consumers discover and purchase apparel.

  • Codeyoung

    Led · Series A · Nov 2025

    Founded in 2020 by Shailendra Dhakad and Rupika Taneja, Codeyoung delivers live, personalized 1:1 online classes for students aged 5–17 across coding, math, English, science, AP courses, and SAT preparation. The company emphasizes outcome-based learning, allowing students to progress at their own pace while giving parents real-time visibility into performance. To date, the platform claims more than 20 lakh teaching hours delivered to over 25,000 students in 15 countries, with completion rates above 80 percent, renewals above 60 percent, and an NPS exceeding 65. Codeyoung’s model converts passive screen time into active skill-building, promoting curiosity and problem-solving. The firm plans to channel new capital into global expansion, AI-driven personalization tools, and additional learning categories. Prior to the latest raise, it secured $1.86 million in seed funding from Guild Capital and others.

Team