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The Venture Codex

JSW Ventures

Grand Palladium, 6th Floor, 175, CST Road, Santacruz, Mumbai, Maharashtra, 400098, India

Overview

JSW Ventures is a part of the JSW group and provides early stage venture capital to companies building innovative products, services or technology leveraging India's demographic dividend, consumption drivers, manufacturing, and technological advancements. The fund invests in tech and tech-enabled businesses across consumer internet, enterprise, SaaS, health tech, edtech, fintech and mobile.

Total investments
18
Lead investments
6
Investments · 12mo
2
Active investors
1

Sector focus

  • FinTech
  • Venture Capital
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Investment portfolio

  • Vetic

    Participated · Equity · Jun 2026

    Founded in 2022 and based in Gurugram, Vetic operates an integrated pet healthcare platform combining clinics, emergency care facilities, diagnostics, surgeries, at-home and virtual veterinary services, insurance, pharmacy, and pet supplies. The company says it has built a healthcare operating system that maintains longitudinal pet health records and standardises care protocols across its network, and it has integrated AI tools for pet parent triaging, diagnostic support, and personalised care recommendations. Vetic currently operates more than 65 clinics across 11 cities, 15 emergency care facilities, and serves over 60,000 subscribed members. Financially, operating revenue grew 2.5x to Rs 62.9 crore in FY25 from Rs 25.5 crore in FY24, while losses widened 63% to Rs 65.6 crore in FY25 from Rs 40.2 crore in FY24 due to rapid expansion. The company plans to use the new funding to scale its clinic footprint and veterinary workforce, deepen insurance and wellness offerings, invest in technology and AI, and roll out Vet at Home nationally over the next two quarters.

  • EcoSoul Home

    Participated · Series B · Sep 2025

    EcoSoul Home designs, manufactures, and markets a range of sustainable home-essentials such as tableware, trash bags, and related household products. Headquartered in Noida, India, the company operates five owned manufacturing plants across Uttar Pradesh, Uttarakhand, Karnataka, and Chhattisgarh, supplemented by 11 contract manufacturing units. Roughly 75 % of EcoSoul’s revenue comes from outside India, with current distribution spanning over 12 countries. Management plans to use new capital to double manufacturing capacity, add new product lines, and deepen omni-channel retail presence in the United States, United Kingdom, Europe, GCC nations, and India. Future initiatives include launching a more value-centric brand, expanding into the B2B segment, and entering additional markets such as Saudi Arabia, Oman, Qatar, Bahrain, France, Spain, Portugal, and Italy. Including the latest raise, the company’s cumulative funding exceeds $50 million.

  • Hyperbots

    Participated · Series A · May 2025

    Hyperbots is an agentic AI platform that automates finance and accounting workflows for mid-market enterprises. Its product suite comprises specialized AI co-pilots—built with CFOs—that handle procure-to-pay, order-to-cash, expense management, analytics, reporting, invoice processing, matching and reconciliation, accruals, tax validation, payment-term checks, and ERP GL-code recommendations. Co-pilots integrate with leading ERP, CRM, and finance systems, and the team worked with 25+ U.S. design partners over 18 months before launching an MVP. Since launch, Hyperbots reports over 80% straight-through processing, 99.8% document accuracy, and up to 80% reduction in manual intervention. The company is on track to serve 100+ U.S. clients this year across healthcare, media, manufacturing, retail, EV infrastructure, construction, oil & gas, pharma, and real estate. Planned product and go-to-market initiatives include U.S. expansion, development of new co-pilots, and the launch of HyperLM, a finance-and-accounting LLM pre-trained with millions of data points and domain-specific reasoning. Hyperbots is an Indian-founded, Dover, DE–based AI-powered fintech startup that has developed AI Assistants to automate finance operations. The company's assistants target accounts payable, expense processing, and accounts receivable, removing repetitive and mundane tasks to drive productivity gains. Leadership includes CEO Rajeev Pathak, VP AI Niyati Chhaya, and Head of Engineering Ram Jayaraman. The company raised $2M in seed funding led by Kalaari Capital with participation from Sunicon Ventures and Athera Venture Partners. Hyperbots plans to use the funds to expand operations and broaden its business reach.

  • Aereo

    Led · Series B · Oct 2024

    Aereo leverages drone hardware and AI-powered analytics to deliver inventory assessments, quality inspections, and land record digitization across sectors including mining, infrastructure, urban development, and land records. The company has mapped over 45,000 villages under the SVAMITVA scheme and covered more than 50,000 square kilometers for the Digital India Land Record Modernization Program. It has filed 15 patents spanning drone hardware, design, and predictive flight planning technologies. Aereo reports profitability at the EBITDA level. The company plans to use newly raised funds to accelerate growth, drive innovations in drone technology, and expand its presence in international markets. Founded in 2013, Aereo faces competition from Skylark Drones, IdeaForge, and Garuda Aerospace. Aereo is a Bengaluru-based provider of drone-based business intelligence serving mining, infrastructure, urban and rural development, and land records. Its services include large-scale mapping and data collection, having mapped over 45,000 villages under the SVAMITVA scheme and covered more than 50,000 sq. km for DILRMP. The company is a technology partner for Coal India Limited’s Digicoal initiative, supplying data to improve productivity, efficiency, safety, and environmental compliance for large coal mines. Aereo raised $15M in a Series B to expand operations and bolster development efforts. The round was led by 360 ONE Asset with participation from StartupXseed Ventures and Navam Capital. Co-founded by Vipul Singh (CEO) and Suhas Banshiwala (CTO), the company aims to scale its mapping and analytics capabilities across public and private land-record and infrastructure programs. AUS (Aarav Unmanned Systems) develops proprietary commercial-grade drones and drone-based solutions focused on mapping, industrial inspection and precision agriculture. The company produces PPK-enabled hardware such as the INSIGHT-PPK and uses photogrammetry to generate accurate 3D maps and digital elevation models for mining, urban planning, roads and railways. AUS says it is expanding deeper into mapping and targeting the energy sector with technology specifically developed for those applications. The team reported a 6x increase in revenue year-over-year. Management plans to use new funding to expand market reach, increase R&D, and pursue longer-term applications in logistics and urban mobility. Founded in 2013 and initially incubated at the SIDBI Innovation and Incubation Centre at IIT-Kanpur, the company is Bengaluru-based and aims to grow its presence in India and select international markets. Aarav Unmanned Systems builds unmanned aerial vehicles and delivers UAV-based land surveying for civil engineering, infrastructure and utility sectors. It provides precision agriculture solutions to optimise irrigation, fertilisation and pesticide distribution and to give early failure warnings. The company also supplies thermographic data to detect hot spots and inefficiencies in power transmission lines, solar plants and other critical industries. Founded in 2013 and incubated at the SIDBI Innovation and Incubation Centre (SIIC) at IIT‑Kanpur, Aarav focuses on cost-effective, domain-specific drone products. The company recently raised an undisclosed fresh round and intends to use the capital for new product development and team expansion. No operating metrics or valuation were disclosed in the article.

  • Convin

    Participated · Series A · Sep 2024

    Convin provides an AI-powered conversation intelligence solution that analyzes the performance of remote and inside sales, support, and collections teams by monitoring agent-customer interactions. Founded in 2020 and launched in 2021 by Ashish Santhalia, Bharat Patidar, Atul Shree, and Durgesh Choudary, the company serves over 80 companies including Reliance Nippon, Puravankara, Titan, Thyrocare, and Lazypay. Convin plans to use its new funding to expand its core team, broaden distribution channels, and enhance its AI capabilities. The company recently secured $6.5 million in a Series A round, signaling early-stage investor confidence as it scales product and go-to-market efforts. Its product focus remains on improving customer-facing team efficiency through AI-driven call and conversation analysis. Convin builds an end-to-end virtual assisted selling platform that enables multi-channel customer interactions, automates conversation analysis, and helps agents sell more effectively. The product focuses on improving agent productivity and enhancing end-customer experiences. The company serves customers across BFSI, EdTech, Healthcare, Real Estate & Travel, and Hospitality. Co-founded by IIT Delhi alumni Ashish Santhalia (CEO), Bharat Patidar (COO), Atul Shree (CTO), and Durgesh Choudary (CPO), the team is focused on product and go-to-market expansion. Convin intends to use the new funding to accelerate platform development and grow its product and GTM teams. The company is based in Bengaluru, India.

Team