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Peaceful Progress Funds

No. 5/27, Door No. 9, 3rd Floor, 10th Avenue, Ashok Nagar, Chennai, Tamil Nadu, 600083, India

Overview

Peaceful Progress is an angel fund that seeks to invest in early-stage tech-led consumer companies. It focuses on technology-enabled startups in emerging sectors such as AI, ML, IoT, VR, MR, non-tech start-ups in the FMCG segment as well as other new-age disruptors. Peaceful Progress transforms high-potential brands into sector leaders.

Total investments
2
Lead investments
0
Investments · 12mo
0
Active investors
4

Sector focus

  • Venture Capital
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Investment portfolio

  • CargoFL

    Participated · Seed · Jan 2025

    CargoFL is a Pune-based B2B logistics technology platform that offers AI-driven solutions for logistics and supply chain management. Its platform focuses on transport management, route optimization, demand forecasting, and real-time tracking. Clients include Puma, Godrej, Schaeffler, and Decathlon. The company raised Rs 6.75 crore in a seed round in January 2025. CargoFL plans to use the funds to build a sales engine, enhance product capabilities, and onboard new clients across India, Southeast Asia, MENA, and North America. Founded in 2017, the company is positioning to scale its AI-powered offerings to more enterprise customers.

  • Garuda Aerospace

    Participated · Equity · Dec 2023

    Garuda Aerospace is India’s leading drone manufacturer and service provider, operating under a Drone-as-a-Service (DaaS) model that delivers affordable, precise, and reliable drone technology across multiple sectors. The company holds six approvals from the Directorate General of Civil Aviation (DGCA) and is the first Indian drone startup to earn dual DGCA certifications for both manufacturing and training. Through its DGCA-approved Remote Pilot Training Organization in Chennai and a network of more than 300 Centres of Excellence established with educational institutions, Garuda has already trained and certified over 2,500 drone pilots. It also runs a "Train the Trainer" initiative to expand the pool of qualified instructors, supporting the industry’s growing need for skilled operators. Garuda’s product line spans small and medium drones (under and over 25 kg MTOW) and emphasizes safety, compliance, and accessibility. Brand ambassador and investor Mahendra Singh Dhoni recently completed the company’s DGCA pilot certification, further validating its training platform. In its most recent financing, Garuda was valued at $250 million, underlining strong investor confidence in its growth trajectory.

Team

  • Chandrashekar Kupperi

    General Partner

    LinkedIn
  • Sitaraman Parthasarathy

    General Partner

  • Fazlur Shah

    Venture Associate

    LinkedIn
  • Kamal Kumar Agarwal

    General Partner