The Venture Codex Logo

The Venture Codex

Overview

Investment advisory firm for offshore fund managers in India.

Founded

2014

Deals · 12mo

2

Stage focus

Series B
Series E

Geographic focus

India

Sector focus

—

Investment portfolio

6rounds
NAMEDATESIZE
KreditBee
Apr 2026Led
$280 MSeries E
Capillary Technologies
Nov 2025Participated
$4 MOther Equity
Raise Financial Services
Oct 2025Led
$120 MSeries B
Dhan
Oct 2025Led
$120 MOther Equity
Rice Parent Co
Oct 2025Led
$120 MSeries B
Physics Wallah
Sep 2024Led
$210 MSeries B
KreditBee
Apr 2026Led
$280 MSeries E
Capillary Technologies
Nov 2025Participated
$4 MOther Equity
Raise Financial Services
Oct 2025Led
$120 MSeries B
Dhan
Oct 2025Led
$120 MOther Equity
Rice Parent Co
Oct 2025Led
$120 MSeries B
Physics Wallah
Sep 2024Led
$210 MSeries B
6
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Hornbill Capital: 6 funding rounds are recorded in the selected participation categories.All available history.
Hornbill Capital: 6 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B30
Series C+10
Other Equity11

Monthly Deal Activity

Hornbill Capital: 6 deals are recorded across 26 months.All available history.
Hornbill Capital: 6 deals are recorded across 26 months. All available history
MonthDeals
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '253
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Hornbill Capital: Fintech is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Hornbill Capital: Fintech is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Fintech4
Networks, Cloud & Communication1
Education & Workforce1
Enterprise Software1
E-Commerce & Retail1
AI & Machine Learning1
Data, Analytics & IT1

Deal Size Distribution

Hornbill Capital: 6 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Hornbill Capital: 6 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M4
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Hornbill Capital: India has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Hornbill Capital: India has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
India5
United States1
Hornbill Capital: 20 co-investors are shown, with Beenext sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Hornbill Capital: Led accounts for 83% and participating for 17% of round participation.All available history.
Hornbill Capital: Led accounts for 83% and participating for 17% of round participation. All available history
CategoryDeals (count)Share (%)
Led583%
Participating117%
Hornbill Capital: Single-lead accounts for 40% and co-led for 60% of lead dynamics.All available history.
Hornbill Capital: Single-lead accounts for 40% and co-led for 60% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead240%
Co-led360%

Team

Manoj Thakur

Founder and Managing Partner