Ankur Capital
Unit 5, Jetha Compound, Dr. Babasaheb Ambedkar Road, Byculla, Mumbai, Maharashtra, 400027, India
Overview
Ankur Capital is an early-stage venture capital firm investing in digital and deep science technology companies. Founded in 2014, Ankur Capital is known for taking contrarian bets to uncover and unlock opportunities in overlooked markets across India. They were the first institutional investors in notable companies including Captain Fresh (supply chain tech), Cropin (agri SaaS), Rupifi (B2B BNPL), String Bio (biotech); and Vegrow (agritech).
- Total investments
- 29
- Lead investments
- 15
- Investments · 12mo
- 4
- Active investors
- 8
Sector focus
- Venture Capital
Investment portfolio
- Pranos
Led · Seed · Mar 2026
Pranos Fusion, founded in May 2024 and based in Bengaluru, is developing compact tokamak reactors and an integrated fusion technology stack. Its offerings include plasma-design and control software (JENGA), a compact tokamak platform (PRAGYA), and a high-temperature superconducting magnet program (MAGGA). The company aims to achieve longer confinement times and higher magnetic fields in a smaller physical footprint through software-driven design, plasma control, and HTS magnet technology. Pranos is collaborating with institutions such as the Institute for Plasma Research and the Jawaharlal Nehru Centre for Advanced Scientific Research and is engaging with the global ITER program. Financially, it has raised a Rs 3.5 crore pre-seed from Industrial47, received a Rs 20 lakh Startup India Seed Fund grant, and recently closed a $6.8 million seed round to fund technology development, team growth, and testing infrastructure.
- OneKiraana
Led · Seed · Mar 2026
OneKiraana helps kirana stores design and launch private-label products by offering customization at the micro layer, allowing small retailers to differentiate their offerings. The company plans to use its recent seed financing to upgrade technology and manufacturing, improve delivery and logistics, and open additional stores across India. The startup raised $1.6 million in the announced seed round, led by Ankur Capital with participation from Green Trunk Ventures, VCMint and other angels. No revenue, user, or other operating metrics were disclosed in the article. The new capital is intended to support near-term product, operational and geographic expansion initiatives.
- CraftifAI
Led · Seed · Feb 2026
Bengaluru-based CraftifAI is an R&D startup building a multi-agent generative AI platform that streamlines the design, optimisation, and deployment of software and AI models on edge and embedded hardware. Its silicon-agnostic workflow unifies fragmented toolchains—spanning frameworks like GStreamer, ROS2, and Android—into an automated, AI-driven pipeline that covers model optimisation, quantisation, and end-to-end product lifecycle management. By compressing development timelines and lowering costs, the company targets OEMs in robotics, drones, surveillance, industrial automation, and broader IoT segments. CraftifAI has already secured pilot projects with multiple Indian OEMs and a US-listed semiconductor firm, demonstrating early commercial traction. The founders plan to use new capital to deepen engineering talent, build go-to-market teams, and scale internationally. Founded in 2025 by Pratik Sharda and Yashwant Dagar, the startup positions itself as an enabling layer for faster hardware innovation at the edge. No revenue figures have been disclosed, but the company highlights pilots as validation of its platform’s value.
- Offgrid Energy Labs
Participated · Series A · Sep 2025
Offgrid Energy Labs has developed ZincGel, a zinc-bromide battery with a proprietary water-based electrolyte intended as a lower-cost, safer alternative to lithium-ion for stationary storage. The startup says ZincGel delivers 80–90% of lithium’s energy efficiency while offering a lower levelized cost of storage and reduced fire risk. The chemistry supports longer discharges (6–12 hours), can last up to twice as long as typical lithium-ion batteries, and uses a carbon-based cathode for fast charge/discharge performance. Offgrid has amassed over 25 IP families and more than 50 IP assets across markets including the U.S., U.K., India, China, Australia, and Japan. The company has been building prototypes in Noida but plans a 10 MWh demonstration facility in the U.K. by Q1 2026 and commercialization thereafter, with a gigafactory in India planned as the next phase. Early testers and partners include Shell (seed investor) and Tata Power, and the startup is in talks with global players such as Enel. Offgrid Energy Labs has developed ZincGel®, a modular rechargeable zinc‑based battery technology platform designed for stationary storage, microgrids, EV charging and low‑powered mobility. The company emphasizes recyclable, non‑toxic materials and claims over 15 patents, designs and trademarks for its innovations. ZincGel® is positioned to address performance, environmental impact and cost issues the company attributes to current battery technologies, targeting a potential $100 billion global energy storage market. Offgrid has completed prototype pilot runs and plans a commercial product launch in about 18 months. Its go‑to‑market approach includes licensing the battery technology and selling a novel electrolyte to existing battery manufacturers. The company reports partnerships and testing support from institutions and industry partners to validate and pilot the technology.
- Agrizy
Participated · Series A · Aug 2024
Agrizy is a Bangalore-based provider of a B2B agri-processing platform co-founded in 2021 by Vicky Dodani and Saket Chirania. The platform supports discovery and ordering, fulfillment, and credit facilitation to help processors maximize capacity utilization and overall business outcomes. Agrizy has served over 100 institutional clients across domestic and international markets, including Europe, North America, and Asia. It has processed more than 100,000 MT of agrifood products. The company plans to use the funds to accelerate expansion across existing and new product lines and to develop value-added services. Agrizy also intends to enable quality financial services to better serve agri-processors. Agrizy operates a B2B agrifood processing platform that enables processors to buy pre- and semi-processed products and offers end-to-end fulfillment including quality assurance, logistics, and payment options. The company provides value-added processing services that supply large agrifood processors and brands with custom-processed products while aiming to increase capacity utilization and profitability for SME processors. Agrizy also offers FinTech services that enable formal lenders’ working capital to processors at affordable rates. The company raised $5 million in debt financing and plans to use the funds to strengthen processing capabilities, expand reach to more agrifood processing SMEs in India, and purchase large quantities of agrifood on domestic and foreign markets. Agrizy previously raised a $4,000,000 seed round in April 2022 from Amrit Acharya and other investors. Established in 2020 and based in Bengaluru, Agrizy lists competitors including Copia, AgroFresh, and Hazel Technologies. Agrizy is developing a tech-first platform to bridge the processed agri supply chain by connecting processors and buyers of non-perishable farm products across food and non-food categories. Founded in September 2021 by Vicky Dodani and Saket Chirania, the company offers solutions across digital vendor management and supply and value chain automation. The startup plans to use new capital to build business and engineering teams, develop a suite of digital services for the processed agriculture marketplace, and ramp up customer traction in targeted value chains. Management says the business has been sustainably growing 100% month-on-month from inception. Agrizy targets improved price realization, expanded footprint across locations, and unlocking value for SMEs by enabling formal credit. The seed round is also Ankur Capital's first investment through its India Pitch Fest program.