Tamil Nadu Infrastructure Fund Management Corporation
No. 19, TP Scheme Road, Raja Street Extension, Raja Annamalai Puram, Chennai, Tamil Nadu, 600028, India
Overview
TNIFMC is an asset management company that focuses on the development of Tamil Nadu.
- Total investments
- 6
- Lead investments
- 5
- Investments · 12mo
- 2
- Active investors
- 0
Sector focus
- Asset Management
- Finance
- Financial Services
Investment portfolio
- Aheesa Digital Innovations
Led · Equity · Aug 2026
Aheesa Digital Innovations is a Chennai-based fabless semiconductor design startup that has achieved first-pass silicon success for its VIHAAN broadband networking SoC. VIHAAN is built on the domestic VEGA microprocessor and is purpose-built for fibre broadband infrastructure. The company plans to move the chip toward a volume-production tape-out targeted for 2027. Financially, Aheesa recently raised ₹40 crore in a seed round led by the Tamil Nadu Infrastructure Fund Management Corporation via the Tamil Nadu Emerging Sector Seed Fund, alongside private investors, to accelerate product deployment. The firm’s progress is highlighted within the central government’s Design Linked Incentive (DLI) scheme, which has supported multiple domestic chip design breakthroughs. Aheesa’s milestone contributes to broader ecosystem activity that includes dozens of tape-outs and government programmes aimed at scaling domestic semiconductor design to commercial production.
- Oor Cabs
Led · Equity · Feb 2026
Oor Cabs is a Trichy-based electric vehicle startup that owns and operates a fleet of 40 e-autorickshaws, providing up to 500 rides per day through WhatsApp and a dedicated mobile application. The company employs salaried drivers, including 16 women, and is developing AI-powered fleet-positioning tools to reduce passenger wait times and better match the 1,100 daily ride requests it currently receives. With fresh capital, Oor Cabs plans to add at least 300 additional e-autorickshaws across Tamil Nadu within a year, including 100 new vehicles in Trichy before May 2026. Expansion targets include tier-II cities such as Madurai, Tirunelveli, Karaikudi, and Thanjavur, where demand for green mobility is growing. Part of the funding will go toward establishing three charging stations in Trichy, with future plans for solar-powered charging infrastructure to achieve net-zero emissions. The company’s focus on salaried employment, particularly for women drivers, positions it as both a mobility and social-impact venture. The recent state investment marks a significant boost to its operational scale and sustainability initiatives.
- Torus Robotics
Led · Seed · Feb 2024
Torus Robotics develops motors and controllers intended to reduce reliance on imported powertrain components for the EV market. The company’s products are, according to the startup, up to 15% more efficient, at least 50% lighter and more compact, and more affordable than traditional alternatives. Founded in Chennai in 2019 by Vignesh M, Vibhakar Senthil, and Abbhi Vignesh K, the startup targets industrial, energy, and electric vehicle applications. It has obtained funding for applications under the FLCTD program facilitated by UNIDO. The $470K seed will be used to fund innovation and expansion and to expand R&D operations to accelerate technology transfer from lab to market. The round was raised under the Tamil Nadu Emerging Sector Seed Fund (TNESSF).
- OxyZEN Express
Led · Seed · Dec 2023
Oxyzen Express provides PTL and express logistics services through a pan-Indian network spanning over 10,000 pin codes. The company has developed OWENS, a proprietary tech stack whose Middle Mile Optimizer performs real-time deep-search data analytics to optimize and automate routine network decisions. OWENS is presented as a design-driven platform intended to improve customer experience and boost business productivity. Oxyzen started operations in early 2022 and is registered under the Startup India initiative. It was co-founded by Raghuraman R, Patram Choudhary, and Bala Aghoramurthy. The startup reported it scaled quickly to almost $6 million in revenue in FY23 and serves corporate clients across retail, pharmaceuticals, FMCG, e-commerce, electronics, and automotive.
- MrMed
Led · Equity · Sep 2023
MrMed operates an online super-specialty pharmacy focused on timely access to affordable medicines for conditions such as kidney disease, heart disorders, cancer, HIV/AIDS, and transplants. The company was co-founded by Devashish Singh and Saurab Jain in 2021. Since launching, MrMed says it has served over 50,000 users across 2,000 cities in India and recorded an annual recurring revenue of over ₹26 crore as of July 2023. The platform aims to build a profitable yet scalable brand in the super-specialty healthcare space while maintaining customer service and operational excellence. Recent plans include using new capital for customer acquisition, marketing initiatives, team expansion, and exploring adjacent ventures within the pharma supply chain and healthcare service provider sectors.
Team
No current team members are available.