Ganapathy Venugopal
Co-founder and CEO
Helps founders build businesses; manager leadership and portfolio support.
LinkedIn profile ↗ · Manager biography ↗INDIA / SEED AND DEEP-TECH VENTURE CAPITAL
Helping founders build valuable companies.
Seed investing, a qualified historical portfolio and the separately identified Micelio vehicle.
Connect NowCurrent manager seed range$500K - $750K
Fund II announced target$100 million
Portfolio and history87 relationships
Investment-involved people6 reviewed
01 / The fund
Early conviction, with distinct vehicles
Axilor Ventures backs early-stage founders across enterprise software, commerce, healthcare, finance, agriculture and deep tech. Its current, undated about page says $500,000-$750,000 per startup and 8-12 new investments each year. July 2022 Fund II interviews instead described planned initial cheques of $750,000-$1 million. The current manager range and dated launch strategy are both retained rather than silently combined.
Axilor Technology Fund I: the manager's July 2022 letter describes a ₹200 crore first fund, launched in 2018, with 54 investments at that time. Fund II: the July 2022 announcement gives a $100 million (then ₹770 crore) target, a 15-year term and 30% reserved for cross-over investments in first-fund companies. January 2025 reporting still describes $100 million as a target. A verified final close was not found; the target is not displayed as cash raised or available.
Micelio: clean mobility and related deep-tech investments are managed as a distinct vehicle. Axilor explicitly marks Oorja, Newtrace, the ePlane Company, e-TRNL Energy and ElectricPe as Micelio on its portfolio page. Staff biographies assign Alok Chauhan and Sarthak Agarwal to this vehicle. Newer public financing reports identify Micelio in Turiyam.ai and Stride Green/NexxGro. Other manager-displayed mobility entries are retained without inventing an exact legal-fund allocation.
Accelerator versus investment: the older accelerator gave equity-free support, with later seed investment conditional on milestones. Cohort membership alone is not proof of a fund holding. This page includes explicit seed-fund archive entries and the funded 2020 pre-seed programme, not all 146 archived accelerator companies.
Current manager strategy ↗ · Dated Fund II announcement ↗02 / Portfolio
Explore by sector
87 named company relationships: all 59 distinct named entries on the current manager portfolio, 19 additional historical seed-fund archive entries and 9 additional funded or manager-confirmed relationships. Three anonymous placeholders are omitted, and repeated Solar Ladder, Fluxgen and Oorja tiles count once each. This is not 87 current holdings or an audited legal portfolio. Exits, historical relationships and Micelio entries are labelled.
Every company appears in the gallery. Sectors follow reviewed company products, not the manager's broad industry headings: Peer is robotics; Newtrace, NoPo, MiniMines and battery technologies are Energy & Materials; clinical diagnostics and microbial colours are BioTech. Ordinary software, care delivery, commerce and financing stay Others. ElectricPe's current ownsite describes vehicle retail and service, beyond its earlier charging model. No quantum investment was verified.
Appiyo/Twixor, WorkAdvantage/AdvantageClub.ai, Securax/Securtime, Dropshop/Brands of Bharat and Stride Green/NexxGro are one lineage each. Loco is the game-streaming business, not Locofast: the manager tile's wrong link is not repeated. Bon is the historical Bonfleet company, not the newer BON Credit. Historical names with no verified authentic mark use explicit labels.
Energy & Materials 9
Micelio vehicle, explicitly marked by Axilor; not an Axilor Technology Fund holding.
Lithium-ion cell architecture and manufacturing technology intended to reduce heating during high-power charging.
Holding record ↗
Micelio vehicle, explicitly marked by Axilor; not an Axilor Technology Fund holding.
Electric two-wheeler sales, service and ownership platform with charging, finance and battery support; evolved beyond its initial charging-aggregation model.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Sensor-connected water measurement and analytics for industrial water use, leaks and resource management.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Battery recycling and extraction technology using hybrid hydrometallurgy to recover lithium, cobalt, nickel and other battery materials.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Electric tractors with in-house battery thermal management, connected monitoring and farm-machine engineering.
Holding record ↗
Micelio vehicle, explicitly marked by Axilor; not an Axilor Technology Fund holding.
Electrode coatings and electrolyser stacks for hydrogen production, including platinum-group-metal-free coated cathodes.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Manufactures small-diameter single-walled carbon nanotubes using HiPCO processes for electronics, batteries, sensors and other materials applications.
Holding record ↗
Micelio vehicle, explicitly marked by Axilor; not an Axilor Technology Fund holding.
Battery engineering software combining physical models and machine learning to study performance, degradation and design trade-offs.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Software and procurement tools for solar installers, connecting project workflows, equipment purchasing and financing.
Holding record ↗BioTech 6
Current manager portfolio display; not a current ownership register.
Radiology reporting and diagnostic services using AI-supported medical-image analysis.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Molecular testing technology combining assay design, computation and laboratory processes to increase testing capacity.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Microbial fermentation processes for natural colours used in textiles and other materials.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
ReMeDi telemedicine systems combining point-of-care diagnostic devices and remote clinical workflows.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Thermal imaging and AI-supported breast-screening systems; clinical diagnostics, not drug development.
Holding record ↗
Current manager portfolio display; not a current ownership register.
AI-assisted digital microscopy and pathology devices for diagnostic laboratories.
Holding record ↗Physical AI 6
Current manager portfolio display; not a current ownership register.
Industrial AI and sensing tools for asset monitoring, safety and inspection.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Virtual device simulation and test automation for connected-device systems, so teams can test software without fleets of physical devices.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Connected smart locks and access-control hardware for enterprises.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Autonomous pallet-handling robots with on-board perception for warehouse and factory material movement.
Holding record ↗
Manager-displayed exit; retained as historical investment, not current ownership.
Augmented-reality product visualisation and 3D commerce platform acquired by Flipkart in 2020.
Historical manager exit record used because the tile contains a malformed external URL.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Camera-based industrial inspection using AI to find manufacturing defects on production lines.
Holding record ↗AI & Compute 3
Current manager portfolio display; not a current ownership register.
Unified APIs, integrations and MCP tools connecting business software and AI agents to third-party systems.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Voice AI sales agents designed for Indian languages and customer interactions, with telephony and human oversight.
Holding record ↗
Micelio-led $4M pre-seed financing reported March 2026; not an Axilor Technology Fund cheque.
AI inference compute infrastructure and hardware platform; inference runs trained models to produce responses.
Holding record ↗Space Tech 1
Micelio vehicle, explicitly marked by Axilor; not an Axilor Technology Fund holding.
Developing compact electric vertical-take-off aircraft for air ambulance, cargo and passenger use. Design targets are not proof of certified commercial operation.
Holding record ↗Others 62
Current manager portfolio display; not a current ownership register.
Employee rewards, recognition and engagement software, historically WorkAdvantage.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Employee health-benefit, insurance and preventive-care coordination platform.
Holding record ↗
Historical manager fund letter and funded December 2020 pre-seed cohort.
Experiential and social commerce using local sellers and aggregated delivery.
Holding record ↗
Dated September 2018 financing report names Axilor; current ownership not asserted.
Historical gig-worker credit platform founded by Bhasker Bosky Kode. Not the newer BON Credit company.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Payment orchestration, gateway routing, checkout and reconciliation software for merchants.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Consumer-goods company that acquires and distributes regional brands through a local retail network. Dropshop is the same business lineage.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Oncology consultation and cancer-care delivery services, not a drug-discovery platform.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Debt collection and repayment-workflow software for lenders.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Industrial sourcing and supply-chain platform for automotive and engineering components.
Holding record ↗
Funded December 2020 pre-seed cohort; distinct from equity-free accelerator participation.
Remote collaboration software using contextual discussion threads instead of repeated meetings.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Customer-success workflow software for B2B SaaS businesses.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Software for franchise operating procedures, training, audits and day-to-day execution.
Holding record ↗
December 2020 pre-seed investment programme; staged capital, not a claimed fixed cheque.
Med-tech supply-chain and distributor e-commerce software, not a medical-device manufacturer.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Cattle-health, identification and financial-access services for dairy farmers.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Digital gold saving and financial-access platform; not a materials producer.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Home repair, maintenance and facilities services.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Business messaging, AI call answering, scheduling and customer-communication software.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Business payments, spend management, cards and reconciliation platform.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Multi-carrier shipping automation, tracking, labels, returns and logistics integrations.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted. Manager also tags this as an exit.
Local-event discovery and ticketing platform. Historical seed-fund and exit archive entry.
Holding record ↗
Historical manager investment essay, September 2021.
Subscription management and subscription-commerce app.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Sourcing and distribution platform for fish, meat and other fresh-protein supply chains.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Furniture and home-interior commerce platform.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Indian-language audio stories and entertainment platform.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Patient-financing platform connecting medical borrowers and lenders.
Holding record ↗
Funded December 2020 pre-seed cohort; current ownership and operation not asserted.
Agricultural-input commerce platform connecting farmers, local advisers and suppliers.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted. Manager also tags this as an exit.
Bot-detection and web-security software.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Document scanning, storage and personal document-management software.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Local-language social-content platform for small towns and rural communities.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
English-learning and micro-learning app, historically Knudge.me. Not the unrelated financial-adviser service at knudge.com.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Cross-border payments and international-trade services for businesses.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Software for pharmaceutical manufacturing, compliance, quality and operational workflows. Pharma customers do not make it a drug developer.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Live game streaming and esports community platform. Separate from textile marketplace Locofast; Redwood acquired a majority stake in 2024.
The portfolio tile incorrectly links Locofast; manager company biography confirms the gaming identity.
Holding record ↗
Current manager portfolio display; not a current ownership register.
B2B textile marketplace connecting fashion brands and buyers to verified fabric mills.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Connected-worker software for industrial procedures, maintenance and frontline collaboration.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Elective surgery delivery and hospital network. This is healthcare service delivery, not a new therapeutic.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Metal sourcing, financing, recycling and contract-manufacturing marketplace for industrial buyers.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Flexible short-stay hotel booking platform.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Mobile emergency-response coordination network.
Holding record ↗
Manager display as Stride Green; Micelio-led June 2025 round and NexxGro personal-investment disclosure reconciled as one lineage.
Climate-asset finance, leasing and management platform. NexxGro and Stride Green are one lineage, not two investments.
Holding record ↗
Named manager portfolio in July 2022 fund letter; not on current portfolio grid.
Cardiac rehabilitation, preventive care and chronic-disease support services. Not the US cancer company at numen.com.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Greenhouse and farm operations platform combining agronomy support with market links for growers.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Food and restaurant business, retained from the historical seed-fund archive.
Holding record ↗
Manager-displayed exit; retained as historical investment, not current ownership.
E-commerce merchant data and intelligence business, acquired by Assembly. Retained as an exit.
Historical manager exit record used because the tile contains a malformed external URL.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted. Manager also tags this as an exit.
Online marketplace for regional artisan foods.
Holding record ↗
Manager-displayed exit; retained as historical investment, not current ownership.
Digital entertainment and content studio. Axilor labels it exited to Saregama.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Design-to-manufacturing software and sourcing platform for interior designers and furniture factories.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Warehousing, fulfilment and distribution services for online and offline businesses.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Technology-enabled natural-fibre supply-chain business linking farmers, reelers, weavers and buyers. Historical manager relationship; current operation is not asserted.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Identity, privileged-access and endpoint-security software for enterprise IT teams.
Holding record ↗
Manager-displayed exit; retained as historical investment, not current ownership.
Cloud time, attendance and workforce software developed by Securax; ADP announced its acquisition in January 2023.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted. Manager also tags this as an exit.
Retailer and merchant e-commerce operations software.
Holding record ↗
Funded December 2020 pre-seed cohort; current ownership not asserted.
Employee feedback, manager development and people-management software.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Customer-feedback aggregation and analysis software.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Cloud infrastructure management and monitoring platform, retained as a historical relationship.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Inter-city freight booking platform, retained as a historical relationship.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Conversational customer-engagement and workflow automation software. Historical Appiyo, the developer of Twixor, is kept in this lineage rather than counted again.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Restaurant software that brings delivery-platform orders, menus and outlet operations into one system.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Bookkeeping, billing, inventory and tax software for small businesses.
Holding record ↗
Current manager portfolio display; not a current ownership register.
Digital freight-forwarding platform for cross-border shipping and supply-chain coordination. The manager-linked domain now shows a placeholder, so the dated manager investment essay is the destination.
Manager-linked ownsite is now a generic placeholder; dated investment essay used instead.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Recruitment assessment, interview and test-integrity software.
Holding record ↗
Historical manager seed-fund archive; current ownership and operation not asserted.
Writing, poetry and social-content platform.
Holding record ↗03 / Team & connect
Investment-involved people
Kris Gopalakrishnan
Co-founder and Chairman
Manager chairman and startup investor. Personal headline emphasizes Pratiksha Trust; chairman role comes from Axilor.
LinkedIn profile ↗ · Manager biography ↗
Prachi Sinha
Head of Healthcare, Climate-tech and Agritech Investments
Heads healthcare, climate-tech and agritech investing. No invented partner title.
LinkedIn profile ↗ · Manager biography ↗
Sanjana Manku
Senior Associate
Climate and health-tech investments.
LinkedIn profile ↗ · Manager biography ↗
Alok Chauhan
Principal
Leads clean-mobility investing for Micelio, with wider deep-tech interests disclosed personally.
LinkedIn profile ↗ · Manager biography ↗
Sarthak Agarwal
Associate
Deep-tech and clean-mobility investments for the Micelio vehicle.
LinkedIn profile ↗ · Manager biography ↗Reviewed 2 November 2026 against six personal LinkedIn pages and the current manager biographies. Named manager portraits were compared with the personal photographs; VG's personal image is an illustration, so his manager portrait is used. Roles come from the manager, with Micelio duties preserved. Other co-founders are not assumed to be current deal contacts. Axilor Labs venture-building roles and legal/operations staff are not relabelled as investment staff. A listed role is not a promise that every person reviews every deal.
Official people and contact route ↗04 / Fund network
Disclosed founder and family backing
Five backing lineages from dated public disclosures, not a complete current LP register. The July 2022 proprietary Fund II plan named the founders and their family capital. January 2025 reporting names Pratithi as an anchor LP. Planned contributions, an anchor relationship and a final-close subscription are different claims.
Kris Gopalakrishnan / Pratithi Investments
Founder-family capital; Pratithi named anchor LP
July 2022 interviews describe the founder family as a major source of Fund II target capital. January 2025 reporting specifically identifies Pratithi, his family office, as an Axilor anchor LP. These are grouped as one backing lineage, not two independent commitments.
Backing disclosure 1 ↗ Backing disclosure 2 ↗S. D. Shibulal family capital
Founder-family source of planned proprietary fund capital
July 2022 reporting names the family houses of Kris Gopalakrishnan and S. D. Shibulal as the majority source for the $100M Fund II target. No exact individual commitment or final-close allocation is asserted.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Srinath Batni
Founder contributing to planned proprietary capital
Named in July 2022 reporting among the three other founders pooling the remainder of the Fund II target. This dated funding plan does not prove a separate current LP register entry.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Prof. Tarun Khanna
Founder contributing to planned proprietary capital
Named in July 2022 reporting among the founders pooling planned Fund II capital. Harvard and his other affiliations are not inferred to be fund investors.
Backing disclosure 1 ↗ Backing disclosure 2 ↗Ganapathy Venugopal
Founder contributing to planned proprietary capital
July 2022 reporting names the CEO among founders pooling capital. His management role alone is not the evidence; the dated financing interviews are.
Backing disclosure 1 ↗ Backing disclosure 2 ↗The manager's Investors page is a follow-on VC and debt-provider network, not a list of fund LPs. Portfolio founders, co-investors, employers, trustees and university affiliations are not substituted for backing evidence. No separate Micelio LP register is asserted.