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The Venture Codex

Steadview Capital

30 Berkeley Square, Sixth Floor, London, England, W1J 6EX, United Kingdom

Overview

Steadview is a leading global investment firm headquartered out of London with over US$4 billion in AUM. The fund has a crossover structure and makes concentrated long-term investments in both public markets and private equity with a primary focus on technology-oriented businesses. Steadview's capital base is supported by a sophisticated group of institutional investors including leading sovereign wealth funds, university endowments, pension funds, foundations, and family offices.

Total investments
55
Lead investments
16
Investments · 12mo
5
Active investors
6

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Temple

    Participated · Equity · Mar 2026

    Temple was quietly launched by Deepinder Goyal after Zomato’s public listing and is intentionally operating in stealth, with no public disclosure of its product or sector focus other than Goyal’s description of it as a long-term play distinct from his food delivery and quick-commerce interests. The company has not revealed any operating metrics such as revenue, users, or customers, underscoring its early, heads-down stage of development. Goyal stresses that Temple is being built independently of Zomato and his other ventures, positioning it as a new pillar in his entrepreneurial portfolio. To demonstrate internal conviction, more than 30 Temple employees invested their own capital at the same terms offered to outside backers. Financially, the startup is now well-capitalized following its maiden raise of roughly USD 54 million, which values the company at about USD 190 million post-money. The funding gives Temple ample runway to refine its still-undisclosed product and chart its go-to-market plans. Management has indicated that additional details will be shared only once the business is ready for public launch.

  • Temple

    Participated · Seed · Feb 2026

    Temple is a health-tech startup incubated by Deepinder Goyal that is building a wearable sensor worn on a user’s temples to continuously monitor cerebral blood flow. The device originated from Goyal’s longevity project, Continue, which hypothesises that declining cerebral perfusion—estimated to drop 0.7% per year—contributes to ageing and higher all-cause mortality. By providing high-precision, real-time data that current consumer wearables cannot capture, Temple aims to serve elite athletes first and eventually broaden into wider health and longevity applications. The company claims its sensor suite will deliver novel performance metrics and is actively hiring engineers across analog electronics, embedded systems, sensor algorithms, computational neuroscience, and neuro-imaging machine learning to accelerate product development. More than 30 of its own employees invested personal capital into the company, underscoring internal conviction. Temple has not yet released commercial revenue figures, but the recent financing pegs its valuation at $190 million, giving it a substantial runway for R&D and go-to-market efforts.

  • CleanMax

    Participated · Equity · Feb 2026

    Founded in 2010, Clean Max Enviro Energy Solutions (CleanMax) develops, owns and operates renewable energy assets that serve commercial and industrial clients across sectors such as data centres, cement, steel, FMCG and real estate. The company delivers power through long-term supply agreements, offers EPC as well as operations and maintenance services for on-site and farm-based solar, wind and hybrid plants, and provides carbon credit and broader net-zero advisory solutions. According to a CRISIL report, CleanMax had 2.80 GW of operational, owned and managed capacity and 3.17 GW of contracted capacity under execution as of 31 October 2025. For FY25, the company recorded ₹1,496 crore in operating revenue, up 8 % year-on-year, while EBITDA rose 37 % to ₹1,015 crore, demonstrating improving operating leverage. Management is positioning the business to capitalise on growing corporate decarbonisation mandates and expects the upcoming IPO proceeds to fund further capacity expansion. The diversified customer base and service suite underpin CleanMax’s strategy to remain a leading integrated renewable partner for Indian enterprises.

  • Wakefit

    Participated · Equity · Dec 2025

    Founded in 2016, Wakefit has built a full-stack model that spans product design, in-house manufacturing, distribution, and customer engagement. Its portfolio covers mattresses, furniture, and home furnishings sold via its website, company-owned–company-operated (COCO) stores, and major e-commerce and multi-brand outlets. Wakefit operates five manufacturing facilities across Karnataka, Tamil Nadu, and Haryana that use imported machinery and automation to streamline production and reduce waste. For the six months ended 30 September 2025, the company generated ₹724 crore in revenue from operations and ₹35.5 crore in profit. Management plans to deploy fresh capital to open 117 new COCO stores, purchase new equipment, fund lease payments for existing outlets, and bolster marketing. The firm is preparing for a ₹1,289 crore IPO that would value it at roughly ₹6,400 crore. Wakefit’s growth trajectory positions it among the fastest Indian home-and-furnishings brands to surpass ₹1,000 crore in total income within the organised segment.

  • Urban Company

    Participated · Equity · Sep 2025

    Urban Company is a Gurugram-based home services marketplace. The company has launched a Rs 1,900 crore initial public offering comprising a Rs 429 crore fresh issue and a Rs 1,471 crore offer-for-sale by existing shareholders. Ahead of the IPO it allocated shares worth Rs 853.87 crore to anchor investors and resolved to offer 82,900,485 equity shares at the upper issue price of Rs 103. The IPO opens September 10 and closes September 12 with a price band of Rs 98–103 and a minimum bid quantity of 145 equity shares. For the fiscal year ending March 2025 Urban Company reported operating revenue of Rs 1,144 crore (up 38%) and a profit before tax of Rs 28.5 crore. The filing notes early investors such as Accel, Elevation and Bessemer Venture Partners stand to realise substantial multiples on their holdings. Urban Company is an online marketplace for home services that takes a full-stack approach to partner enablement. Founded in 2014 by Abhiraj Singh Bhal, Varun Khaitan and Raghav Chandra, the Gurugram-based startup operates in 62 cities across India, the UAE, Singapore and Saudi Arabia and has a partner network of over 55,000 service professionals. The company is backed by investors including Ratan Tata, Tiger Global and Prosus and previously raised $188 million in a growth round led by Prosus Ventures. Urban Company reported consolidated operating revenue of Rs 636.6 crore in FY23, a 45% increase from Rs 437.6 crore in FY22, while narrowing its net loss to Rs 308.4 crore in FY23 from Rs 514.7 crore the prior year. The firm said it achieved breakeven in the quarter ended June 2023. Dharana Capital characterized Urban Company as a strong, capital-efficient and durable business in the local services market. Urban Company is an on-demand home services firm. It announced its fifth Employee Stock Ownership Plan (ESOP) secondary sale, with Prosus, Vy Capital and Dharana Capital buying employee shares worth Rs 203 crore. The company has granted ESOPs to 1,593 employees and ex-employees and has awarded 11% of its current fully diluted cap table as ESOPs (vested, unvested, and sold). To date, 784 employees and ex-employees have participated in five secondary ESOP sale programmes, liquidating ESOPs worth Rs 306 crore across those programmes. About 450 employees and ex-employees had the opportunity to participate in the ongoing ESOP secondary sale amounting to Rs 203 crore. Co-founder and CPTO Raghav Chandra said the company has actively pursued secondary sales and is keen to strengthen and grow its ESOP programme. Urban Company, formerly UrbanClap, is a home services platform that lets customers book services—such as AC maintenance, TV repair, painting, plumbing, cleaning and haircuts—through its app or website. The startup operates in 35 cities across India, Singapore, Australia, the UAE and Saudi Arabia and has more than 35,000 service partners active on the platform. Urban Company focuses on productizing services through technology and weeks-long training and upskilling programs for service workers to increase their earnings and versatility. The company saw growth disrupted by last year’s nationwide lockdown but began recovering last year and reported its best month to date in March. It plans to deploy new capital to expand in its existing markets, supercharge onboarding, training and safety, and to expand its technology team. The startup said it plans to file for an IPO within the next 24 months. UrbanClap operates a marketplace that matches service professionals—such as cleaners, repair staff and beauticians—with customers. The platform serves customers across 10 cities in India as well as in Dubai and Abu Dhabi. TechCrunch describes UrbanClap as India’s largest home services startup. The article reports that UrbanClap has raised $75M. No revenue or user metrics are provided in the article. Other operational or strategic details beyond its service categories and geographic reach are not included in the piece.

Team