
IPV
Room 801, Platinum Building No. 233 TaiCang Road, Shanghai, 200020, China
Overview
IPV Capital is a China based venture capital firm dedicated to delivering exceptional investment performance by backing high growth technology firms.
- Total investments
- 19
- Lead investments
- 7
- Investments · 12mo
- 2
- Active investors
- 8
Sector focus
- Business Development
- Financial Services
- Venture Capital
Investment portfolio
- Ctruh
Led · Seed · May 2026
Founded in 2022 by Vinay Agastya and based in Bengaluru, Ctruh develops browser-native 3D and extended reality infrastructure and platforms. Its VersaAI engine converts images, text, and video into 3D assets, while Commverse Studio provides a no-code platform for brands to create and deploy 3D/XR experiences and integrates content creation, deployment, commerce, and analytics. The company offers browser-native experiences that run across devices without downloads or specialized hardware. Ctruh serves clients in retail, e-commerce, real estate, automotive, education, and healthcare. It competes with players such as mirrAR, Eccentric, Metadome.ai, and Trezithe. The company plans to expand into the US and UAE in 2026 and is funding that growth in part with the newly raised seed capital.
- RoadGrid
Participated · Series A · Jan 2026
RoadGrid develops EV charging hardware, software and energy management solutions and is the creator of a patented Universal EV Charger that supports two-wheelers, three-wheelers, passenger vehicles and commercial EVs. The company plans to build a manufacturing and assembly facility with an annual capacity of 2,000 chargers and commercial production slated for March 2027, using locally manufactured components. At an initial production level of 1,000 chargers the company projects the facility could generate around Rs 100 crore in annual revenue and create more than 100 jobs. Founded in 2020, RoadGrid currently employs over 40 people, has deployed more than 100 EV chargers and manages over 200 charging points. It serves six enterprise customers and has partnerships with VinFast, HPCL and IOCL, and earlier this year raised Rs 12 crore in a pre-Series A round led by Venture Catalysts.
- Darwix AI
Led · Seed · Jun 2025
Darwix AI (CUR8 Ventures Pvt. Ltd.) offers an omnichannel generative AI platform, Transform+, powered by a proprietary LLM stack to provide conversational intelligence to enterprises. The platform delivers real-time agent assistance, automation and actionable insights across voice, chat, email and in-person interactions. Darwix targets enterprise verticals including BFSI and retail and operates across the US, India and the Middle East. Founded by Ajay Sethi and Hanit Awal, the company is focused on unifying and enhancing customer interactions through its AI solutions. The firm plans to deploy recent funding toward product development, market expansion, team growth and scaling its omnichannel platform.
- Palette Brands
Participated · Series A · Jun 2024
Palette Brands is a direct-to-consumer consumer goods company focused on mass-premium lifestyle products. Its current portfolio includes Unbottle, a reusable environmentally friendly drinkware line, and Totem, which makes accessories for India’s Apple customer base; it plans to introduce Ember, a non-toxic cookware line. The company targets aspirational, affluent consumers who value contemporary product design and who represent a sizable TAM with unmet demand. Palette was founded by Siddharth Gadodia, Young Yun, Himanshi Tandon, and Bret Recor and was formerly known as White.Inc. It has formed a partnership with Box Clever to produce experiences and goods aimed at the US market. Financially, Palette recently raised approximately $2.0 million in a pre-Series A round led by Rockstud Capital with participation from angel and existing investors.
- insideFPV
Participated · Seed · Sep 2023
insideFPV is a defence drone technology startup founded in 2020 by Arth Chowdhary, Deyvant Bhardwaj and Oshi Kumari to plug critical gaps in India’s combat-ready unmanned systems. The company develops first-person-view (FPV) drones, surveillance drones and interceptor drones that are engineered to function reliably in harsh battlefield environments. Its platforms have already undergone high-altitude trials with the Indian Army, demonstrating performance in extreme conditions. With a product roadmap centred on trusted, indigenous hardware, insideFPV intends to deepen core engineering work and advance its defence platforms’ reliability. The startup plans to channel new capital into product development, capability building and fortifying its core drone lines. Financially, the company has secured a ₹6 crore pre-Series A round to fuel these initiatives, although no revenue or user figures were disclosed. Management views the recent investment as a key endorsement of its mission-critical technology ambitions.