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The Venture Codex

Upsparks

WeWork, Prestige Cube, Site No. 26, Laskar, Hosur Rd, Adugodi, Koramangala, Bangalore, Karnataka, 560029, India

Overview

Upsparks is an early-stage venture fund focused on investing in technology startups and providing the needed support throughout a startup early growth. We invest in people first and are committed to creating value by leveraging our interpersonal networks, strategic partnerships, and deep industry experience. We collaborate and invest in forward thinking entrepreneurs who work at the frontiers of digital innovation. Upsparks is devoted to early-stage investments and to building tomorrow's market leaders.

Total investments
16
Lead investments
1
Investments · 12mo
1
Active investors
3
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Investment portfolio

  • Smallest.ai

    Participated · Series A · Jul 2026

    Smallest.ai develops small, specialized voice models designed to mimic human conversational behavior by listening, thinking and speaking simultaneously for near-zero response lag. The company’s models focus on voice-specific nuances such as diverse accents, dozens of languages and robustness in noisy environments. When queries exceed the small model’s knowledge, Smallest.ai routes the request to a larger foundational LLM and briefly places the user on hold to “research” the issue. The startup targets enterprise customer-support and voice companies and lists RingCentral and Truecaller as customers. Smallest.ai was founded in late 2024 and has raised over $21 million in total funding. The current Series A proceeds are being used to advance its small-model approach and scale commercial adoption.

  • Atomgrid

    Participated · Seed · May 2024

    Founded by Siddharth Gupta and Lakshit Bansal, Atomgrid offers an end-to-end specialty chemicals platform that combines distribution, in-house research, and proprietary product creation. The company already generates more than 50% of its revenue from exports and serves over 150 active customers across 15 countries. Management plans to channel fresh capital into expanding its international presence and accelerating product development. Over the past 18 months Atomgrid has completed two funding rounds and now targets nearly threefold revenue growth in FY26 compared with FY25. By integrating the chemicals value chain, the startup positions itself as a technology-enabled alternative to incumbents such as Scimplifi and Covvalent. Its export-heavy revenue mix and broad customer base provide a strong footing for continued scale.

  • Osian

    Participated · Series A · Mar 2024

    Beatoven.ai offers a web-based application that lets content creators generate and customize tunes from a large library of mood-based tracks across multiple genres. Users can input prompts for text-to-music generation, and the company is testing multimodal inputs (video, images, text, and audio references) to produce closely aligned music tracks. The platform includes editing features in development to improve music accuracy and overall quality. Beatoven.ai has formed partnerships with more than 200 artists and plans to expand that network to at least 500 artists within the next two to three years. The company was founded by Mansoor Rahimat Khan and Siddharth Bhardwa and aims to empower creators with easy-to-use AI music tools. Beatoven Private Limited (Beatoven.ai) is an India-based AI-driven music-tech platform offering a large variety of tunes and jingles for content creators and producers. It uses advanced AI music-generation techniques to compose unique mood-based music that is original, licensable, royalty-free, and cost-efficient. The product is built to streamline music composition, production, background sound effects, and songwriting for videos and podcasts. The company’s stated mission is to imbibe various musical cultures of the world into one system and empower creators with easy access to royalty-free music. In March 2022 BeatOven Ai raised $1.0M in a seed round led by Redstart Labs (an Info Edge subsidiary) and UK-based Entrepreneur First. The funds will be used for team expansion, collaborations with global artists, music acquisitions, and product development to build a highly customizable AI-assisted tool that understands user preferences and enables soundtrack creation.

  • Kusho

    Participated · Seed · Feb 2024

    Kusho develops AI agents that simulate a software developer to find bugs in code with greater accuracy and in a fraction of the time of a human. The system combines proprietary models with foundational large language models to test code during development and at each new release. Kusho’s agents aim to automate manual, time-consuming testing tasks so engineering teams can focus on building and shipping software. The company says this approach reduces time-to-market, lowers project costs, and improves overall codebase quality and release stability. Kusho was founded in 2023 by Sourabh Gawande and Abhishek Saikia; Saikia serves as co-founder and CEO. Financially, the company has closed a $600K pre-seed round to support early development and go-to-market efforts.

  • Glamplus

    Led · Series A · Jan 2024

    Glamplus offers a SaaS solution for salons, spas, and beauty chains to optimize operations and manage staff, appointments, and revenue. The platform also supplies beauty products, professionals, and personal-care items both online and offline to chain spas. It aims to digitize informal-economy gyms, salons, and spas to improve operational efficiency. The company was founded in 2020 and is based in Bengaluru, India. Glamplus combines software tools with marketplace supply functions to serve B2B customers in the beauty sector. It plans to use new funding to expand B2B presence in tier I and tier II Indian cities and to pursue international market ventures. Glamplus offers an AI-based salon and spa platform combining a CRM for customer management, an ERP for staff and inventory, and a B2B marketplace layered on its SaaS product. The platform supports appointment scheduling, digital invoicing, bulk SMS/WhatsApp promotions, loyalty schemes, stylist efficiency tracking and inventory management. Glamplus aims to premiumize salon offerings via B2B2C interactions and a curated beauty order marketplace on its SaaS platform. The company says it has scaled to 4,000 paying partners in less than eight months across six cities (Bengaluru, Delhi, Kolkata, Ahmedabad, Nagpur and Pune) and reports strong retention and unit economics. Management plans to expand tech capabilities and grow its B2B marketplace, targeting 10,000 B2B partners and monthly revenue of Rs 5 crore by March 2022. Founders Vatsalya Agarwal, Divyanshu Singh and Rohan Singh launched the company in July 2020 to address the fragmented SMB salon market. Glamplus, founded in July 2020 and Bengaluru-based, offers an experience-driven CRM platform for salons and related partners that manages appointments, staff management, suppliers and provides analytical reports on customer visit patterns. The product targets repeat engagement through a simple dashboard and analytics to help businesses elevate customer experience. The startup says it scaled to 500 paying partners in under three months across Bengaluru, Delhi and Pune and aims to grow to 3,000 partners in the next six months. Glamplus plans vertical expansion of its business lines and will use new funding to enhance product and technology capabilities and support business expansion. Management has set a longer-term target to capture a substantial share of a large and growing salon market over the next 2–3 years.

Team