Iron Pillar

Founded 2015
Founders Anand Prasanna Ashish Shah Mohanjit Jolly Sameer Nath

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 19
Average round size
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The average size of a deal this fund participated in
$27M
Portfolio companies 14
Rounds per year 3.17
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 2
Key employees 3
Stages of investment
Late Stage Venture

Areas of investment

  • E-Commerce
  • Consumer Electronics
  • Internet
  • Consumer Applications
  • Consumer Software
Summary

In 2015 was created Iron Pillar, which is appeared as VC. The main department of described VC is located in the Mumbai. The company was established in Asia in India.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Iron Pillar, startups are often financed by Blume Ventures, Kalaari Capital, IIFL. The meaningful sponsors for the fund in investment in the same round are IIFL, Omidyar Network, Kalaari Capital. In the next rounds fund is usually obtained by IIFL, Wenlyn Global Group, Trifecta Capital Advisors.

This organization was formed by Anand Prasanna, Ashish Shah, Mohanjit Jolly. The overall number of key employees were 3.

The fund has no exact preference in some founders of portfolio startups. If startup sums 3 of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight Snapdeal, Vyome Biosciences, Bluestone.com. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - India. Among the most popular fund investment industries, there are Automotive, Real Time.

The increased amount of exits for fund were in 2019. The average startup value when the investment from Iron Pillar is more than 1 billion dollars. The fund is constantly included in 2-6 deals per year. The common things for fund are deals in the range of 10 - 50 millions dollars. The top activity for fund was in 2018. The real fund results show that this VC is 42 percentage points more often commits exit comparing to other companies.

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Funds from India, Mumbai
Funds with similar focus located in India, Mumbai:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Curefoods

Food and Beverage
Restaurants
Snack Food
1
$12M24 Aug 2021 India, Bengaluru

Skill Lync

E-Learning
EdTech
Education
Higher Education
1
$16M03 Aug 2021 India, Chennai

Ushur

Artificial Intelligence
Cloud Management
Customer Service
Information Technology
Internet
Machine Learning
Natural Language Processing
SaaS
Software
1
$5M09 Feb 2021 United States, San Jose

CoreStack

Cloud Computing
Cloud Infrastructure
Cloud Management
Cloud Security
Private Cloud
SaaS
Software
1
$4M02 Dec 2020 United States, Bellevue

Servify

Consumer Applications
Consumer Electronics
Consumer Software
Enterprise Software
1
$23M23 Sep 2020 India, Mumbai

Freshtohome

E-Commerce
E-Commerce Platforms
Food and Beverage
Food Delivery
Online Portals
1
$121M07 Aug 2020 India, Bengaluru

Bluestone.com

E-Commerce
Internet
Jewelry
1
$1M21 Jul 2020 India, Bengaluru

Servify

Consumer Applications
Consumer Electronics
Consumer Software
Enterprise Software
1
$11M09 Jun 2020 India, Mumbai

Testbook.com

E-Learning
EdTech
Education
1
$8M08 Jan 2020 India, Mumbai
News
Uniphore Secures $140M in Series D Funding

– Uniphore from Palo Alto develops a Conversational Service Automation (CSA) platform.
– Series D $140m funding round brings the total funds invested in the company to $210m.
– The round was led by Sorenson Capital Partners with participation from Serena Capital, Sanabil Investments, Cisco Investments, March Capital Partners, National Grid Partners, Chiratae Ventures, Iron Pillar Fund, and Sistema Capital.
– The new investment will be used to extend the company’s technology and market leadership in AI, Automation and Machine learning across the enterprise.

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