The Venture Codex

Participated · Equity · Aug 2025

Aeronero provides a suite of Air Water solutions that generate clean, alkaline, drinkable water directly from the atmosphere. Its flagship systems are deployed across homes, offices, and military outposts in India and abroad. Led by CEO and Founder Dr. Durga Das, the company is scaling in-house manufacturing to produce 2,000 units per month and currently holds an order book of nearly ₹30 crore. Aeronero is targeting a ₹100 crore topline and plans to use the new funding to expand operations and development efforts. The company is based in Chennai, India.

Participated · Series A · May 2024

BEYOBO is an online B2B cross-border e-commerce marketplace founded by Anil Agrawal that connects Indian SMEs to import products and helps international vendors increase their online and offline presence in the Indian market. The platform offers a wide range of products, including household goods, cosmetics, mobile devices and accessories, and the company fulfills orders itself. Over the past year the e-commerce platform reportedly doubled in growth. BEYOBO will use the proceeds to increase international brand presence in the Indian market and to fund platform upgrades. The startup raised Rs 6.7 crore in a pre-Series A2 round that was 300% oversubscribed. The article frames the raise against a rapidly growing Indian B2B e-commerce market, which expanded from $5.6 billion in 2021 to $18.2 billion in 2023. Beyobo is a B2B commerce enabler focused on cross-border procurement and helping international brands enter Indian markets. The company digitalizes B2B operations and supports brands in reaching tier 2 and 3 city retailers through an online platform. Beyobo serves over 35,000+ retailers and reported INR 95 crore in revenue in FY23. Founders include Anil Agrawal, Kunal Jain, and Shikha Agarwal, with Anil Agrawal serving as CEO. The company plans to expand into additional categories and add predictive analytics and personalized cataloguing to improve customer experience. Beyobo emphasizes three engines for non-linear growth and aims to deepen its supply and demand capabilities.

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.

Participated · Series A · May 2023

ixamBee operates an online exam-preparation platform that offers a combination of study materials, practice tests, and interactive learning tools under its ixamBee Learning Experience (iLX). The platform serves students preparing for RBI, SEBI, NABARD, public sector banks, insurance companies, SSC, and other PSU exams. ixamBee reports having reached over 12 million students and having 1.9 million students registered on the platform. The company plans to use new funding to launch additional learning programs and to invest in content development, marketing, and technology. Founders include Chandraprakash Joshi, Arunima Sinha, and Sandeep Singh, with Chandraprakash serving as co-founder and CEO. The product and growth plans are positioned to expand the platform’s reach across exam categories. ixamBee offers an online test-preparation platform (ixamBee Learning Experience, iLX) combining study materials, practice tests, and interactive learning tools aimed at helping students prepare up to 50% faster for recruitment and government exams. The platform uses algorithms and data analytics to track progress and deliver a personalized learning experience, and the company says it provides 100+ mock exams for free. ixamBee also operates classroom coaching and test-series programs in select Indian cities. The startup reports leveraging data from about 2 million registered students and has piloted new business opportunities using that data. Founded in 2017, the company says it plans to expand product offerings and scale reach fivefold. It recently raised capital to support that expansion and invest in marketing, content development, and technology. ixamBee operates a government exam preparation platform aimed at rural and semi-urban learners. The service is run by Atozlearn Edutech Pvt Ltd and was founded in 2017 by Chandraprakash Joshi. The company is based in Noida and reports that 6.5 million students have benefitted from its offerings since launch. ixamBee raised fresh capital to strengthen its technology and boost its product offerings. The reported fundraising and stated plans indicate a focus on scaling content and platform capabilities for its target demographic.