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The Venture Codex

Z47

601-602, Ceejay House, Dr Annie Besant Road, Worli, Mumbai, Maharashtra, 400018, India

Overview

Z47 invests in technology startups that target the Indian consumer and global enterprise markets at the seed, early, and early growth phases.

Total investments
21
Lead investments
10
Investments · 12mo
12
Active investors
8

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Oolka

    Participated · Series A · Jun 2026

    Founded in 2024 by Utkrishta Kumar (formerly chief experience officer at Meesho), Oolka builds an agentic AI platform that both diagnoses a user’s financial situation and, with consent, takes personalised actions on their behalf. Its multi-agent system monitors repayment schedules, spending patterns and credit utilisation to nudge users toward better habits, automate timely payments, and optimise credit card use. The company is developing what it calls India’s first AI-native consumer app for credit and focuses on hyper-personalised user experiences. Oolka is targeting younger borrowers—Gen Z and millennials—who account for a large share of active credit-score trackers in India. Financially, this funding round follows a $7 million seed raised from Lightspeed, Z47, 8i Ventures and angel investors.

  • Scapia

    Participated · Equity · May 2026

    Scapia offers an integrated app that bundles travel bookings, UPI-based payments and co-branded credit cards into a single platform. Over the past year the company reported flight bookings grew nearly sixfold, hotel bookings increased about eightfold, and customer growth rose sevenfold, with demand rising from smaller Indian cities. Scapia issues a dual-network co-branded card that supports both Visa and RuPay and provides a single statement, credit line and repayment flow, and it partners with Federal Bank and BOBCARD while planning to add another banking partner. About one-third of users prefer airport dining and shopping rewards over lounge access, reflecting shifts in its customer base. The startup has roughly 250 employees and said it will expand product development and hire AI-focused engineering and product talent with the new funding. Scapia was founded in 2022 and is headquartered in Bengaluru.

  • Coral

    Led · Seed · Apr 2026

    Coral operates an AI-powered platform designed to automate the review of medical paperwork. The company handles documents such as patient referrals and prior authorization requests. Coverage of the company notes a $12.5 million financing announced April 20, 2026. The article frames Coral as focused on reducing manual processing of clinical and administrative documents. No operating metrics, revenue figures, or detailed product roadmaps were provided in the coverage. The report does not include details on the company's founding year, location, or prior funding history.

  • Wootz.work

    Led · Series A · Mar 2026

    Houston-based Wootzwork is an advanced engineering and manufacturing solutions company that positions itself as a single, accountable partner for OEMs running cross-border programs across India, Southeast Asia, and customer on-shore markets. The firm overlays proprietary engineering, governance, and execution systems on existing factory infrastructure, allowing suppliers to meet global quality standards without costly plant overhauls. Over the past year, Wootzwork managed manufacturing for more than 22 global enterprises across 12 trade lanes spanning North America, Europe, and APAC, activating a network of 300+ suppliers. It has delivered over 30 million parts and assemblies—ranging from precision components to custom machines—while maintaining 98 percent on-time delivery and quality compliance. Engineering and program teams are distributed across India, the United States, the United Kingdom, and Germany to stay closely aligned with customers while retaining ground-level oversight. Industries served include food processing, packaging, renewable energy, data centers, automotive engineering, material handling, warehousing, and industrial hardware. The company views manufacturing complexity as a competitive advantage when supported by its AI-driven control systems, and plans to deepen these capabilities and expand its engineering footprint with new capital.

  • Stable Money

    Participated · Series C · Feb 2026

    Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money offers a mobile-first platform where Indians can book fixed deposits, purchase ‘Stable Bonds’, access short-term 7-day FDs, and obtain secured lifetime-free credit cards without opening a traditional savings account. More than 30 lakh users (3 million) have invested over ₹5,000 crore (≈US$600 million) through the service, underscoring rapid adoption in an underserved fixed-income market that is compounding at roughly 12% annually. The interface emphasizes transparency, instant withdrawals, and speed, positioning the company as a trusted alternative to legacy bank processes. Stable Money generates trust by partnering directly with banks and NBFCs and plans to deepen these relationships to improve rate discovery and widen product choice. The firm intends to expand into adjacent savings products while building a physical presence in key cities to complement its digital reach. Investors highlight the platform’s trust-first design, disciplined execution, and rapid scale as key differentiators. Including the latest raise, Stable Money has secured about US$65 million in institutional and angel funding within three years of operation.

Team