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The Venture Codex

SucSEED Indovation Fund

CIE at IIITH, OJAS MedTech, Vindhya C4, IIIT Hyderabad, Gachibowli, Hyderabad, Telangana, 500032, India

Overview

SucSEED Indovation offers access to capital for deep tech startups to scale and grow. SucSEED supports early-stage deep tech and tech-driven startups providing solutions to the large-scale needs of India and with the potential to serve global emerging market needs too.

Total investments
23
Lead investments
5
Investments · 12mo
6
Active investors
1

Sector focus

  • Financial Services
  • Innovation Management
  • Venture Capital
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Investment portfolio

  • Fire AI

    Led · Seed · Jul 2026

    FireAI develops a causal decision intelligence platform intended to help enterprises make better decisions. The company was founded by Vipul Prakash and operates out of Mumbai. FireAI plans to use its latest funding to expand sales, grow regionally, invest in research and development, and support administrative functions. To date it has raised ₹6.2 crore in earlier pre-seed and seed rounds plus the recent ₹2.5 crore investment. The additional capital is positioned to accelerate commercial and product development efforts. No revenue or user metrics were disclosed in the coverage.

  • SportVot

    Participated · Equity · Apr 2026

    SportVot offers a cloud-based, AI-led production platform that enables leagues, tournaments, and associations to stream matches and discover talent. The company monetises through production and streaming fees charged to organisers, pay-per-view access, subscriptions, and brand partnerships or sponsorship integrations. SportVot reports having streamed over 500,000 matches, operating in more than 30 countries with an audience reach exceeding 100 million viewers. Founded in 2019 in Mumbai, the startup emphasizes reducing production costs and broadening visibility for grassroots sports. With recent fundraising — including a ₹9.4 crore pre-Series A in February 2024 and the latest ₹32.7 crore round — SportVot plans to scale internationally and invest in AI-driven production and distribution infrastructure to grow its business.

  • StepOut

    Participated · Series A · Jan 2026

    StepOut is a Bengaluru-based sports-tech company that applies artificial intelligence and computer vision to football match analysis, player development, and scouting. Its platform delivers AI-driven match breakdowns, automated highlights, live analytics, and advanced metrics such as xG, xA, PPDA, and player impact scores. Since its last funding round, the startup has analysed over 25,000 matches and tracked more than 150,000 players while achieving 3× year-on-year revenue growth and a 90 % customer renewal rate. StepOut currently serves 120 clubs, academies, and federations across 23 countries, including high-profile organizations such as AFC Ajax, Rayo Vallecano, Bengaluru FC, Hong Kong FC, and the All India Football Federation, and is piloting with Real Madrid, Chelsea, Fulham, and Espanyol. The company plans to channel new capital into international expansion, deeper AI and computer-vision capabilities, and broadening its offering beyond football to other amateur sports disciplines. Founded by Jeet Karmakar and Sayak Ghosh, StepOut positions itself as a comprehensive performance intelligence layer for the global sports ecosystem.

  • We360.ai

    Participated · Equity · Oct 2025

    Founded in 2021, Bhopal-based We360.ai offers a cloud-based workforce analytics platform that tracks productivity, efficiency and skill gaps across enterprise teams. Its core product now features three AI agents—Clara for unbiased productivity reporting, Emily for skills analysis and up-skilling recommendations, and Ethan for talent planning and burnout detection. The company claims 100 % cash-positive operations and says its software is trusted by more than 6,000 companies and deployed to roughly 120,000 users in over 18 countries. Recognition includes consistent #1 rankings on G2 for 24 consecutive months, listings in Forbes’ Fastest Growing Companies, and selection to TiE Global’s Top 200 Emerging Companies. Recent accolades also note strong customer support and leadership awards. With fresh capital, management plans to accelerate development and global rollout of its AI agents while deepening penetration in IT, BFSI and other enterprise segments.

  • Samaaro

    Participated · Series A · Oct 2025

    Samaaro provides an AI-driven software platform that turns corporate events into measurable revenue outcomes by automating promotion, attendee registration, in-event engagement, and post-event analytics. Founded by Purnank Prakash and Mayank Banka, the company serves enterprise customers such as ICICI Lombard, Modon Properties, Apex Group, the Ministry of Housing and Urban Affairs, and Varun Beverages. Its footprint spans India, the Middle East, and North America. With its latest capital infusion, Samaaro plans to strengthen brand presence across India and the Middle East, target mid-market and enterprise clients, and accelerate AI-led product innovation. The platform is positioned within the MarTech and EventTech segments, leveraging artificial intelligence to increase event ROI for its customers. No operating revenue or user metrics were disclosed in the article.

Team

  • Vikrant Varshney

    Co-founder & Managing Partner

    LinkedIn