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The Venture Codex

NuVentures

740 Shri Krishna Temple Rd, Indira Nagar 1st Stage, Bangalore, Karnataka, 560038, India

Overview

NuVentures is an early stage venture fund based out of Bangalore, India founded by Venk Krishnan in 2015. They back tech-enabled startups by providing a quality mentorship ecosystem and financial capital. They invest in passionate entrepreneurs and teams with a drive to build globally scalable enterprises solving India-centric problems. Recent NuVentures investments include Acko, Coverfox, Daily Ninja, Geist, Pocket Aces, Scripbox, Vokal, TapChief, and Thrillophilia.

Total investments
4
Lead investments
0
Investments · 12mo
1
Active investors
4

Sector focus

  • Enterprise
  • FinTech
  • Venture Capital
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Investment portfolio

  • Linq

    Participated · Series A · Jul 2026

    LinqAlpha builds a platform that lets institutional investors deploy specialized AI agents that synthesize thousands of signals and learn each user's unique investment framework to surface differentiated insights. The company was founded by Jacob Choi, Subeen Pang, Jin Kim, and Hojun Choi and brings together former Goldman Sachs analysts and MIT computer science PhDs. Since launch, LinqAlpha has been adopted by over 70 financial institutions across the U.S., Europe, and Asia, including sell-side teams at investment banks and buy-side clients such as Causeway Capital Management and Schonfeld Strategic Advisors. Collectively, its buy-side clients manage more than $5 trillion in assets. LinqAlpha is headquartered in New York and plans to use its Series A proceeds to expand its global team, deepen dataset integrations, and accelerate deployment across equities, macro, credit, and multi-asset strategies. The company frames its product as an "Alpha Intelligence Layer" designed to help institutional teams synthesize fast, interconnected public-market signals into actionable judgment.

  • Lucidity

    Participated · Seed · Sep 2022

    Lucidity builds software that automates cloud block storage optimization, expanding and shrinking volumes in real time to reduce waste. Its NoOps, application-agnostic layer deploys as an agent and begins optimizing within an hour without code changes, and the company says it can cut cloud storage costs by up to 70%. It currently offers Storage Auto-Scaler for dynamic resizing and a free Storage Audit tool to identify reclaimable storage and spending. Lucidity targets Fortune 2000 customers with more than $1 billion in revenues, with 70% of its customers in the U.S., the rest in Europe, and 20% on the Fortune 100. The company plans to add object storage optimization and is launching another product within six months, with multiple modules planned over time. Lucidity was founded in 2021 and has about 100 employees across offices in India, Abu Dhabi, London and the U.S. Lucidity offers a NoOps orchestration layer that automates cloud block storage provisioning and capacity management without any code changes. Its tools, including an Auto-scaler and dynamic provisioning, aim to make block storage up to 70% cheaper and 10x faster while preventing downtime during traffic surges. The software can be onboarded in about 15 minutes and uses a pay-as-you-use model with a flat management fee for data under management. Customers are typically enterprise and upper mid-market companies transitioning from on-premise to cloud; Lucidity reports more than 10 enterprise clients and is at an early revenue stage. Reported use cases include reducing over-provisioning (one customer cut storage costs by almost 77%) and helping other customers maintain utilization of 75–80%. The company has offices in New York, Bangalore and Abu Dhabi and plans to use new funding to expand its U.S. go-to-market efforts.

  • HomeLane

    Participated · Series E · Sep 2021

    HomeLane provides end-to-end home interiors services and products, focusing on design, manufacturing and installation for residential customers. The company plans strategic expansion into newer markets and deeper investments in technology and brand-building. Management has set an ambitious revenue target of Rs 2,500 crore by FY24. The business has been capital efficient and the company has achieved cash profitability, according to an investor quote in the article. HomeLane is based in New Delhi and is led by co-founders Srikanth Iyer and Tanuj Choudhry. Over the past seven years it has raised significant venture capital to support growth. HomeLane operates a virtual design platform and real-time integrated pricing engine that lets home buyers select from hundreds of kitchen, wardrobe or wall-unit combinations and work with HomeLane interior designers to customise orders. The platform supports selection of layouts, designs, colours and finishes and the company offers a 45-day delivery guarantee for fit-outs. Bengaluru-based HomeLane says the new capital will be used for continued operations, further expansion of the business and working capital. The company has reported losses for four consecutive financial years—Rs 24 crore (2016–17), Rs 29.28 crore (2017–18), Rs 54.86 crore (2018–19) and Rs 121.31 crore (2019–20). Founded in 2014 by Srikanth Iyer, Rama Harinath, Krishnan Ganesh and Meena Ganesh, HomeLane has raised multiple prior financings and strategic deals. Sequoia, Accel and JSW have been recurring investors in its recent rounds. HomeLane offers a one-stop shop for fitted kitchens, wardrobes, entertainment units and other interior fixtures, combining an online design platform with 16 experience centers across seven Indian cities. Customers upload floor plans that local interior designers review to provide product suggestions, price quotes and 3D visualizations. The company has worked with more than 900 design experts and delivered over 6,000 projects. HomeLane emphasizes guaranteed on-time delivery and after-sale services and differentiates from pure online sellers by its local designer network and supply-chain capacity. The startup plans to use new capital to broaden its proprietary technology infrastructure and expand into eight to ten additional cities. Financially, HomeLane reported a net loss of $4.1 million on revenue of $5.6 million for the year ended March 2018 and its CEO says the company is inching closer to EBITDA profitability. HomeLane is a Bangalore-based online marketplace for fixed furniture, formed in August 2014 by Srikanth Iyer and Rama Harinath alongside K Ganesh and Meena. The portal sells fixed furniture items such as wardrobes, TV cabinets, kitchen units and other home set-up solutions, after rolling up assets of offline design firm Bello Interiors. The company reports 100 employees, has acquired 40 customers in the last eight months, and its average ticket size is about Rs 5 lakh. HomeLane plans to use new funding for expansion into 10 more cities by year end, technology enhancements, and marketing campaigns. Immediate expansion targets are Chennai and Hyderabad, followed by NCR and Pune, and the company intends to double headcount by year end. It positions itself against FabFurnish and Urban Ladder but says it has no direct competition because those players sell loose furniture while HomeLane focuses on fixed furniture.

  • TapChief

    Participated · Equity · Jun 2019

    TapChief is an online platform that enables professionals to earn income without full-time jobs by connecting them with businesses seeking industry experts. Founded in 2016 by Shashank Murali, Binay Krishna and Arjun Krishna, the platform lets businesses source and shortlist experts to consult or work on specific projects across functions such as strategy, technology, and operations. The company raised $1.5 million from Blume Ventures. TapChief said it will use the funds to expand its network of professionals, enhance its product offering, and strengthen its technology. It serves projects of varying budgets and durations, providing flexible engagement lengths and compensation structures. TapChief, founded in 2016 by Shashank Murali, Binay Krishna, and Arjun Krishna, pivoted in mid-2017 from an online advice platform to a full-stack future-of-work platform. The product aggregates professionals’ personal brands, provides learning from experts, and enables businesses to discover, hire, and pay talent for gigs via proprietary technology. The company reports over 75,000 professionals on the platform, has enabled gigs worth more than $1 million to date, and works with customers including Unilever, Deloitte, redBus, UpGrad, and Dunzo. TapChief has a team of 35 based in Bengaluru and plans to scale headcount and product development with new funding. The startup is targeting growth to empower a million professionals to earn viable incomes without full-time jobs.

Team