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The Venture Codex

Vernalis Capital

No. 8, (Old No 68/1A), Sakthi Nagar, Mount Poonamallee Road, Porur, Chennai, Tamil Nadu, 600116, India

Overview

Vernalis Capital is a family-owned investment company that helps entrepreneurs pursue their vision and goals. It believes in providing entrepreneurs strategic leverage and seeks to build an ecosystem of synergistic companies. Vernalis Capital also believes in impactful philanthropy and routinely invests in socially meaningful projects and campaigns.

Total investments
2
Lead investments
0
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Grexa AI

    Participated · Seed · Jul 2025

    India's First Marketing AI Platform for Small Businesses Founded by four proven entrepreneurs who scaled Testbook.com from startup to $30M ARR with 1,000+ employees before a successful acquisition. We are venture-funded and backed by leading angel investors and industry veterans. Our IIT alumni founding team has extensive experience building high-growth digital businesses. Small businesses today struggle with broken marketing cycles - lacking technical skills, unable to afford quality agencies, and constantly let down by unreliable service providers. While large businesses have enterprise tools and dedicated teams, small businesses get left behind. Grexa AI changes this dynamic. Our fully autonomous Marketing AI Platform delivers what agencies can't - consistency, reliability, and measurable results 24/7. Built on intelligent algorithms that understand exactly what keywords, strategies, and tactics work for specific business types across different geographies. Our AI gets more leads from Google, converts more leads into sales, drives repeat revenue, and engages with customers around the clock. This all-in-one platform works automatically, delivering revenue growth in weeks, not months. We're on a mission to make powerful digital marketing accessible to every small business on the planet. We're not just building marketing software - we're becoming the reliable growth partner every small business deserves. Join us in revolutionizing how small businesses grow.

  • Verofax Limited

    Participated · Series A · Jan 2022

    Verofax is an Abu Dhabi, UAE-based Web3 services company that applies patented Web3 technologies—blockchain, augmented reality and artificial intelligence—to provide elevated tourist, shopper and brand marketing experiences. Its core product combines AI-powered guides, AR experiences and blockchain-enabled engagement to turn destinations, retailers and sports stadiums interactive and drive conversion and social virality. The company leverages gamification and direct brand-to-customer engagement to increase consumer intimacy and measurable results from AI and AR experiences. Verofax serves retail, tourism and sports sectors and is used by brands such as Anheuser Busch Inc and Emirates Airlines. Led by CEO Wassim Merheby, it raised $3M in bridge funding to execute a pipeline of projects across the Middle East and EU, including AI-powered guides in the GCC and sports fan guides in the EU and North America. The funding is intended to support commercialization and deployment of its solutions across venues and brands. Verofax provides asset digitization and 'Traceability as a Service' using patented technology that incorporates blockchain, augmented reality and artificial intelligence. Its platform enables brands to turn offline products interactive, manage supply chains, fend off counterfeit activity and improve manufacturers' productivity. Brands can extend reach directly to end consumers, increase consumer intimacy through direct engagement, and leverage NFTs and metaverse experiences. The company's solutions target industries such as retail and CPG and are already used by leading brands including Anheuser Busch Inc. Verofax is a Microsoft Gold partner, has a global network of distributors and resellers, and co-sells on enterprise platforms including Microsoft Appsource, Amazon AWS and Ant Group Antchain. Led by CEO Wassim Merheby, Verofax closed a $1.5M pre-Series A round and plans to use the funds to expand global sales and marketing ahead of a planned Series A later in 2022. Verofax provides an automation and traceability platform that enables Item ID serialization, traceability, and transaction certification on a private blockchain to prevent counterfeiting, boost manufacturer-consumer engagement, and increase staff productivity through data insights. Founded in 2018 and led by Wassim Merheby and Jamil Zablah, the company is headquartered in Abu Dhabi and also maintains an office in Kuala Lumpur. Verofax has established partnerships with a sustainable retailer in Asia and set up joint ventures across Asia, Africa and the GCC. It has been approved as a co-sell partner by Microsoft, Oracle and AntGroup. The company secured $1.2M in seed funding and intends to use the proceeds to serve its pipeline of projects, launch a marketing campaign targeting the food, healthcare and apparel industries, and hire 20 additional team members, mainly software developers and business development managers.

Team