IIMA Ventures (CIIE)
IIMA New Campus, Vastrapur, Ahmedabad, Gujarat, 380015, India
Overview
Deliver disproportionate impact to entrepreneurship in India by backing purpose-driven entrepreneurs harnessing the power of technology to solve some of India's toughest problems using business models that are specific to India.
- Total investments
- 46
- Lead investments
- 8
- Investments · 12mo
- 20
- Active investors
- 3
Sector focus
- Education
- Financial Services
- Funding Platform
- Incubators
- Venture Capital
Investment portfolio
- Butterfly Learnings
Participated · Series B · Aug 2026
Butterfly Learnings offers a platform combining clinical therapy, inclusive schooling, diagnostics, digital therapeutics and technology-enabled interventions for children with autism, ADHD and learning disabilities. The company operates 90 centres across 22 cities and runs a therapist training institute that provides training based on behavioural healthcare standards. It holds an exclusive global licence for Get SET Early, an eye-tracking autism screening technology that has CDSCO approval to screen children from one year of age. Founded by Dr Sonam Kothari and Dr Abhishek Sen, Butterfly Learnings plans to expand its centre network beyond Maharashtra and build partnerships with hospitals and paediatricians. The company also intends to strengthen its technology and AI capabilities and scale its therapist training programme.
- Nabhdrishti Aerospace
Participated · Seed · Jul 2026
Founded in Bengaluru in 2023, Nabhdrishti Aerospace is developing a family of small gas turbines built around a shared core to serve unmanned aircraft, light aviation and industrial/defence power applications. Its product lineup includes the ND350 (a 275 kW turbogenerator / 350 SHP turboprop), the ND400 turbojet (400 N thrust, 95,000 rpm, 3.95 kg, operating to Mach 0.85 and 10,000 metres) and the ND2000 targeting up to 2 MW for industrial and defence users. The company emphasizes fuel flexibility — including exploration of green hydrogen — and has focused early work on a fuel-flexible combustor and injector testing. The three co-founders, Rohit Chouhan (CEO), Arjun Srivatsa and Antanu Sadhu, bring experience from General Electric, Rolls-Royce and the DRDO's Gas Turbine Research Establishment. Nabhdrishti aims to generate near-term industrial revenue while advancing aviation engines, and has stated a goal of becoming India's leading propulsion provider by 2032. As of January 2026 the ND400 completed a first run; flight trials and commercial revenue had not been announced.
- SUIND
Participated · Seed · Jul 2026
Founded in 2020 and based in Bengaluru, Suind builds autonomous drone solutions for agriculture, including its flagship Bumblebee platform that combines computer vision with autonomous navigation for crop monitoring, issue detection, and precision spraying. The company reported being in a pre-revenue stage and recorded a loss of Rs 1.89 crore in FY25; it has not filed financial statements for FY26. Suind raised a Rs 5 crore seed round in November 2023 led by Sunicon Ventures with participation from Zetta Farms and angels. Following the latest financing, Transition Venture Capital Fund becomes the largest external investor. The company intends to expand its drone applications into industrial use cases beyond agriculture. Suind competes with Indian drone firms such as Marut Drones, Garuda Aerospace, IoTechWorld Avigation, BharatRohan, and Dhaksha Unmanned Systems.
- Gimi Michi
Participated · Seed · Jun 2026
Gimi Michi launched around six months ago and initially sells Korean ramen, positioning itself as an authentic Korean FMCG brand for Indian consumers. The company was founded by Nishank Goyal, Akhil Kumar, and Bodhi Rathor and is headquartered in Gurugram. It claims to be the top-selling noodles brand on Flipkart and reports Rs 1 crore in monthly net sales with roughly 60% month-on-month growth on a single product. Nearly half of its sales come from Tier II and Tier III cities, and it cites repeat purchase rates significantly higher than the category average across e-commerce and quick commerce channels. Gimi Michi distributes through quick commerce platforms and plans to expand its product portfolio into sauces, snacks, and ready-to-eat offerings. The team attributes demand to rising popularity of Korean culture in India and aims to build a broader Korean food brand as it scales."}omegranate
- Navanc
Participated · Series A · May 2026
Navanc builds explainable AI infrastructure for home loans, loan-against-property (LAP), and secured MSME credit products, automating property diligence, valuation workflows, and portfolio monitoring. The company serves banks, NBFCs, housing finance companies, and other lenders across India. Founded by Nagachethan SM and Byom Kesh Jha and based in Bengaluru, Navanc positions itself as an AI-first provider for intelligent property-risk assessment and underwriting. Following the ₹10.5 crore Pre-Series A, the firm plans to accelerate product development, expand its presence across the secured credit ecosystem, and hire top-tier talent across functions.