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The Venture Codex

Panthera Growth Partners

12 Marina Boulevard #17-01 Marina Bay Financial Centre, Singapore, Central Singapore, 018982

Overview

Panthera Growth Partners is a growth investment firm partnering with digital/tech-driven companies.

Total investments
6
Lead investments
5
Investments · 12mo
2
Active investors
1
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Investment portfolio

  • Innefu Labs

    Led · Series B · Jun 2026

    Founded in 2010 and co‑founded by Tarun Wig and Abhishek Sharma, Innefu Labs develops AI‑based intelligence fusion platforms and multi‑modal systems for defense, intelligence, law enforcement, revenue intelligence and large enterprises. It reports more than 100 installations across the Indian subcontinent, Middle East and Southeast Asia and deployments that include national‑scale intelligence fusion centres, predictive policing, revenue intelligence and OSINT/deep web fusion platforms. Its client base spans defense and intelligence organizations, law enforcement agencies, financial intelligence units, BFSI and Fortune 500 companies. The company plans to advance a proprietary Agentic AI platform, create a dedicated Physical AI (robotics) wing, and build sovereign AI infrastructure with secure, domain‑specialized language models. Innefu’s recent $30 million Series B is intended to fund global expansion and continued deep‑tech R&D as it pursues an eventual IPO.

  • Flipspaces

    Participated · Series C · Sep 2025

    Flipspaces' core product is a proprietary tech suite that combines space planning, immersive VR walkthroughs, procurement, and end-to-end execution on a single platform. The platform is designed to deliver efficiency, transparency, and timely execution in a traditionally fragmented commercial design-and-build sector. The company says it has delivered over 1,000 projects spanning 8 million sq. ft., serving enterprises, startups, and SMEs across IT, retail, education, healthcare, and financial services. Flipspaces plans to use new capital to scale operations across India, the U.S., and the U.A.E., deepen supply-chain integration, and enhance its technology stack with AI-driven interventions. Strategic acquisitions in adjacent categories are also on the roadmap. Financially, Flipspaces reported operating revenue of Rs 190 crore in FY24 (a 90% increase from Rs 100 crore in FY23) and narrowed losses to Rs 8 crore in FY24 from Rs 19 crore in FY23; it has yet to file its annual report for FY25. Competitors include traditional interior design firms and tech-driven players like Livspace and Space Matrix. Flipspaces builds VR-based design and contracting products and operates a B2B SaaS vertical called Vizstore that lets furniture and furnishing brands virtualize the showroom experience. The product aims to reduce real estate costs and give consumers greater control of interior design and execution. The company targets the commercial interior design and build market and describes its core technology as a path-breaking platform for the interior-designing experience. Flipspaces says it will use new capital to grow its U.S. business and expand its newly launched SaaS offering. The Mumbai/New Delhi–based startup claims to have seen 25X growth in its U.S. business. It is also backed by Carpediem Capital.

  • Foxtale

    Led · Series B · Jun 2024

    Foxtale is a direct-to-consumer (D2C) skincare brand. The company announced it has raised about $18 million (Rs 150 crore) in a Series B funding round. The Series B was led by Singapore-based Panthera Growth Partners. The article does not list other participating investors or provide operating metrics such as revenue or user numbers. No details on the company's use of proceeds, product roadmap, or future plans were provided. The report presents the fundraise amount and lead investor as the primary financial details.

  • EMotorad

    Led · Series B · Nov 2023

    EMotorad manufactures and sells a portfolio of 14 electric-bike models, assembling batteries, motors and other components at its Pune facility and exporting to more than 18 countries. The company sells both own-branded and white-labeled models and has brand presence in the U.S., Europe, Australia, Japan and parts of the Middle East. It runs a 50-member tech center in Bengaluru developing proprietary software and technology and has about 160 employees globally. Current Pune capacity is up to 90,000 bikes annually, and a new 150,000-square-foot facility due in the next three months is expected to raise capacity to 400,000 units per year with an in-house smart drivetrain. EMotorad has sold 80,000 units to date (40,000 last year) and generated nearly $36 million in cumulative revenues; it reported nearly $2 million in India revenue last year and aims for about $7.8 million this year. The company is targeting expansion of retail presence from 200 to 800 stores, global sales of 100,000 by FY2025, and reduced reliance on Chinese suppliers by developing key components in-house.

  • Fabhotels

    Led · Equity · Sep 2023

    Fabhotels operates an online hotel-room aggregation platform offering inventory across multiple cities. Founded in 2015 by Adarsh Manpuria and Vaibhav Aggarwal, the company is based in Gurgaon. It lists 1,300+ hotels across 76+ cities and reports over 4 million customers. The group's parent, Casa2 Stays, is directing capital toward scaling TravelPlus, a corporate travel and expense management vertical. TravelPlus says it serves enterprise customers such as Spinny, Urban Company, PolicyBazaar, Zomato, Spicejet, Pharmeasy, and Ninjacart. To date the group has raised over $48 million from investors including Goldman Sachs, Acce, RB Investments Pte. Ltd., Qualcomm, Tacxn Labs, and InnoVen Capital. FabHotels operates a budget hotel chain on a franchise model aimed at providing standardized services across properties. Founded in 2014 by Wharton alumnus Vaibhav Aggarwal, the company runs over 600 hotels across 50 cities in India. Its core product is standardized, branded budget lodging delivered via franchise partnerships. The chain has attracted institutional investor interest, most recently securing a fresh funding round. The company’s current valuation was reported at Rs 856.4 crore following the latest raise. Operational scale (rooms/hotels) is represented by its 600+ hotel footprint across India. Casa2 Stays Pvd Ltd owns and operates FabHotels.com, a technology-driven budget hotel franchise brand led by co-founder and CEO Vaibhav Aggarwal. The company's franchise model focuses on partnering with 20–40 room budget hotels and uses a proprietary technology platform to deliver superior yields to franchisees and assist in property operations. FabHotels operates over 5,000 rooms across more than 225 franchise hotels in over 20 major Indian cities, including Mumbai, the National Capital Region and Bengaluru. The company also operates a professional training academy for hotel staff and maintains on-the-ground quality control teams to standardize stay experiences. Casa2 Stays intends to use the Series B proceeds to further strengthen its market leadership, brand and expansion plans. The company recently secured a $25m Series B led by Goldman Sachs with participation from existing investor Accel Partners. FabHotels is a tech-enabled hospitality startup that operates as a budget hotel aggregator. The company was formed by former Rocket Internet executives. It operates in India. According to the article, FabHotels has raised $8 million in a Series A round. The funding was disclosed by co-founder Vaibhav Aggarwal. The article does not provide other operating metrics, valuation, or details on future plans.

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