
ICICI Venture
ICICI Venture House, Ground Floor, Appasaheb Marathe Marg, Mumbai, Maharashtra, 400025, India
Overview
ICICI Venture is a specialist alternative assets manager based in India. The firm is a wholly owned subsidiary of ICICI Bank (www.icicibank.com), the largest private sector financial services group in India. ICICI Venture has been at the forefront of driving entrepreneurship in India for over two decades, both as a partner and capital provider for individuals with a clear common objective, the passion to pursue business ideas in the quest for creating value for all stakeholders and for the larger good of the nation. Till date, various funds managed by the firm have invested in over 500 companies. ICICI Venture continues to remain committed to this mission.
- Total investments
- 10
- Lead investments
- 5
- Investments · 12mo
- 3
- Active investors
- 3
Sector focus
- Banking
- Bitcoin
- Consulting
- Finance
- Financial Services
Investment portfolio
- Indifi Technologies
Led · Equity · Jul 2026
Founded in 2015 by Alok Mittal and Siddharth Mahanot, Indifi operates a technology-led lending platform that facilitates unsecured business loans to SMEs via partnerships with lending institutions. The company says it has facilitated more than 1.5 lakh loans across 400-plus cities through partnerships with over 80 lending institutions. Indifi reported operating revenue of Rs 360 crore in FY25, up 22.4% from Rs 294.24 crore a year earlier, while its net loss widened 64% to Rs 45.04 crore in the same period. The fresh Rs 79 crore injection from existing backers is intended to expand operations, strengthen infrastructure, meet working capital needs, repay debt, and cover other corporate requirements. Previously, Indifi secured $35 million in 2023 in a round led by ICICI Venture.
- Dholakia
Participated · Equity · Apr 2026
Dholakia Lab Grown Diamond operates a fully vertical supply chain from growing diamonds in Surat to selling jewellery in more than 25 countries. The company integrates proprietary technologies including robotic manufacturing, AI-assisted design, and an inventory-light configurator. It runs production powered by 100% renewable energy and uses recycled metals, and it is pursuing deep R&D in precision single-crystal diamonds for defence, semiconductor and other deep-tech applications. The business is part of the Hari Krishna Group and references a 33-year family legacy. Management plans to expand production capacity and scale a pan-India retail network following the recent capital raise. The company has operations or teams in Surat, Mumbai and New Jersey.
- Unbox Robotics
Led · Series B · Jan 2026
Pune-based Unbox Robotics designs and deploys modular 3D robotic sorters coordinated by proprietary swarm-intelligence software, enabling faster and more scalable order fulfilment for e-commerce, retail and third-party logistics customers. Its systems allow large fleets of robots to collaborate dynamically, delivering high throughput with minimal fixed infrastructure. The company serves clients across India, Europe and the United States and reports more than 5× year-on-year growth while already operating profitably. With fresh capital, management plans to bolster leadership and engineering talent, speed up new product development and deepen its market footprint both domestically and in select global regions. Unbox Robotics also facilitated meaningful liquidity for employees through its ESOP programme during the latest transaction.
- Arteria Technologies
Led · Series B · Jul 2025
Arteria Technologies offers a supply-chain SaaS platform that digitizes and manages end-to-end enterprise supply chains while embedding financing options for suppliers and distributors. Its platform combines data intelligence, digitization, and integration with third-party financing to improve upstream and downstream visibility and support supply chain resilience. The company serves over 100 large enterprises across FMCG, automotive, building materials, and process manufacturing. Founded in 2010 and headquartered in Bengaluru, Arteria aims to streamline capital flow for suppliers and distributors through embedded finance. Following its recent fundraise, the company plans to scale operations, invest in AI-based product development, strengthen its team, and expand into new markets. The articles do not disclose revenue or other financial metrics beyond the Series B raise.
- Zopper
Participated · Series D · Nov 2024
Zopper is a Noida, India–based insurance technology company that provides insurance solutions through a SaaS platform, partnering with insurance providers to offer customized products via more than 1,000 APIs. Founded in 2011 by Surjendu Kuila and Mayank Gupta, the company works with about 40 insurance companies and 2,500 ecosystem players to automate and streamline insurance distribution across digital channels. Its product focus includes device and appliance protection and bancassurance solutions delivered through partner integrations. Zopper plans to use new funding to enhance digital infrastructure, strengthen its insurance distribution platform, invest in AI/ML and data capabilities, expand bancassurance offerings, and improve post-sales servicing. The company operates under the legal name Solvy Tech Solutions Private Limited and lists its website as zopper.com. Zopper is an API platform for insurance infrastructure that creates byte-sized, personalized insurance products and supplies them to distribution partners. The company pivoted from a point-of-sale platform—its prior POS IP was sold to PhonePe in mid-2018—and has since built its current insurance business independently. Zopper operates in over 1,200 Indian cities and has partnered with more than 150 players, including Amazon, Ola, Croma, Xiaomi, Hitachi and Equitas Small Finance Bank. The startup has been profitable for over 18 months. It plans to deploy the fresh funds to significantly scale its workforce and to explore acquisitions. Zopper aims to reach nearly $1 billion in revenue and to file for an IPO in about five years. Zopper operates an on-demand marketplace focused on large, hard-to-ship items including home appliances, electronics, furniture, and vehicles. Rather than operating its own warehouses and logistics, Zopper partners with local retailers to help them find customers and manage orders, enabling rapid delivery plus local assembly and product support. The company reports about 1 million app downloads and roughly 500,000 monthly active users. Zopper was founded in 2011 and is based in New Delhi. It currently operates in seven cities and plans to expand to 30 cities by the end of the year. The business positions itself to benefit from the difficulty of logistics in bulky categories, which its co-founder says creates a competitive moat. Solvy Tech Solutions Pvt Ltd operates Reviews42, a community-based product review portal that aggregates user and expert reviews across multiple categories and includes a price-comparison engine. The site provides detailed specification pages, buying tips, overall ratings and is available on desktop and mobile, with apps for Android, iOS and Windows. Mobile accounts for close to 60% of total traffic and the service reports around 1,000 retailers on board; the company currently operates in Delhi-NCR. Reviews42 was co-founded by Surjendu Kuila and Neeraj Jain in 2011 and is being rebranded as Zopper.com. The company has raised $5 million in a round led by Tiger Global with participation from existing investors Blume Ventures and Nirvana Venture Advisors. Proceeds will be used to improve the product, build the team and expand into Bangalore (going live next month), followed by Hyderabad, Chennai and Mumbai.