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India / Direct investor

Partnering with founders to build a better tomorrow.

B2B and DeepTech investment across seed and early-growth stages, with a longer history of angel and syndicate investments.

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Seed cheque, reported Dec 2024Up to INR 10 crore
Series B, reported Dec 2024INR 20-30 crore
Fund II target, not verified closeINR 400 crore
Official holding pages49 companies

01 / The fund

B2B technology, from seed to early growth

growX backs businesses using technology to solve business problems. Its current site says it is deploying Fund II across early-stage and early-growth B2B and DeepTech companies. The stated domains include semiconductors, defense, space, advanced manufacturing and alternative materials, alongside software, fintech, health and logistics. Earlier syndicates were broader and included consumer and conventional tech-enabled businesses; those historical holdings remain visible below.

At Fund II's December 2024 launch, reported cheque plans were up to INR 10 crore at seed and INR 20-30 crore at Series B, with a target corpus of INR 400 crore and 20-24 investments. These are dated announced terms, not a verified current available cheque or completed fund close. The current official site says investment amounts vary and does not give a numerical range. Its history distinguishes earlier angel/syndicate activity from regulated Fund I and Fund II vehicles.

The official investor page's return figures and projected IRR are manager claims, not independently verified performance, so they are not used as promises. A partial exit can coexist with a current holding: Pixxel remains active on its holding page despite being shown in the site's exit showcase. Historical cohort, fund participation, company operating status and realized cash returns are different facts.

Official investment approach ↗ · Fund II deployment statement ↗ · December 2024 reported terms ↗

02 / Portfolio

Explore by sector

49 unique company pages in the manager's current official portfolio sitemap, spanning Fund I, Fund II and earlier syndicates. This includes active, exited and archived listings, not 49 current Fund II holdings. DTT sectors describe technology; software, fintech and conventional tech-enabled businesses are kept in Others. Manager status labels are reproduced as published and do not independently establish company survival, full cash exits or realized returns.

BioTech 1

4BaseCare logo
4BaseCare ↗

Uses genomic testing and clinical data to help guide personalized cancer treatment.

Holding source ↗

Energy & Materials 4

PeelON logo
PeelON ↗

Develops plant-based, compostable films intended to keep fresh produce usable for longer.

Holding source ↗
Cell Propulsion logo
Cell Propulsion ↗

Develops electric drivetrains and connected systems for commercial vehicles.

Holding source ↗
RACEnergy logo
RACEnergy ↗

Develops swappable batteries, battery-swapping stations and electric powertrains for three-wheelers.

The linked company site could not be verified during this check. Holding source shown instead.

Holding source ↗
Claro Energy logo
Claro Energy ↗

Provides solar-powered water pumps and energy solutions for agriculture.

Holding source ↗

Physical AI 4

Armory logo
Armory ↗

Builds AI-enabled counter-drone systems for detecting and responding to unauthorized aircraft.

Holding source ↗
CynLr logo
CynLr ↗

Develops machine vision and robotic manipulation systems so industrial robots can handle varied objects.

Holding source ↗
Doxper logo
Doxper ↗
Manager status: Archived

Developed smart-pen technology that captures handwritten medical notes as digital records.

Holding source ↗
AEREO logo
AEREO ↗
Manager status: Exited

Builds drones and provides aerial surveying, mapping and inspection services.

Holding source ↗

Semiconductors 2

Pantherun logo
Pantherun ↗

Develops chip-based real-time data encryption and secure networking devices.

Holding source ↗
Lightspeed logo
Lightspeed ↗

Develops optical interconnects and optoelectronic computing for AI and high-performance computing.

Holding source ↗

Space Tech 3

Pixxel logo
Pixxel ↗

Builds hyperspectral imaging satellites and analytics to monitor the Earth in many wavelengths of light.

Holding source ↗
ULOOK logo
ULOOK ↗

Develops satellites that detect radio-frequency emissions for maritime and security intelligence.

Holding source ↗
Bellatrix logo
Bellatrix ↗

Develops propulsion and mobility systems used to maneuver satellites in space.

Holding source ↗

Others 35

Vue.ai logo
Vue.ai ↗

Provides enterprise AI software for visual recognition, product data and retail workflows.

Holding source ↗
Two Point O Capital logo
Two Point O Capital ↗

Finances energy-transition equipment and projects for businesses.

Holding source ↗
Shephertz logo
Shephertz ↗

Provides app-development, data-analytics and customer-engagement software.

Holding source ↗
Table Hero logo
Table Hero ↗
Manager status: Archived

Developed software to help restaurants build an online business.

The official holding page has no usable company website link. Holding source shown instead.

Holding source ↗
Lissun logo
Lissun ↗

Provides mental-health support and developmental care for children through digital services and centers.

Holding source ↗
Finverv logo
Finverv ↗

Provides lending software and interfaces that connect businesses with banks and other lenders.

Holding source ↗
FairDeal logo
FairDeal ↗

Provides distribution, ordering, inventory and payment tools for consumer brands and retailers.

Holding source ↗
Quicklend logo
Quicklend ↗

Connects borrowers with lenders offering loans secured against mutual-fund holdings.

Holding source ↗
AyushPay logo
AyushPay ↗

Provides healthcare-payment, insurance and financing services.

Holding source ↗
OneStack logo
OneStack ↗

Provides digital-banking and core-banking software for cooperative banks and credit societies.

Holding source ↗
Multipl logo
Multipl ↗

Helps users save and invest toward planned purchases rather than borrowing to pay for them.

Holding source ↗
Cosmofeed logo
Cosmofeed ↗

Provides tools for creators to sell content, manage payments and reach an audience.

Holding source ↗
Lemnisk logo
Lemnisk ↗

Provides customer-data and marketing-automation software for personalized customer experiences.

Holding source ↗
MedPay logo
MedPay ↗

Connects primary-care providers and insurers to support cashless healthcare claims.

Holding source ↗
Zuddl logo
Zuddl ↗

Provides software for planning and running business events, conferences and webinars.

Holding source ↗
UNCOVER (formerly Meddo) logo
UNCOVER (formerly Meddo) ↗

Operates dermatology and aesthetics clinics with a digital care platform.

Holding source ↗
Advantage Club logo
Advantage Club ↗

Provides employee rewards, recognition, benefits and engagement software.

Holding source ↗
Progcap logo
Progcap ↗

Provides working-capital financing to small retailers and other underserved businesses.

Holding source ↗
KyePot logo
KyePot ↗
Manager status: Archived

Developed a group savings and lending platform.

The historical company destination is unavailable. Archived holding source shown instead.

Holding source ↗
Jump logo
Jump ↗
Manager status: Archived

Developed software for searching and finding specific scenes within videos.

The official holding page has no usable company website link. Holding source shown instead.

Holding source ↗
PaperToStone logo
PaperToStone ↗
Manager status: Archived

Provided home design, renovation, construction and interior services.

The official holding page has no usable company website link. Holding source shown instead.

Holding source ↗
BiteClub logo
BiteClub ↗
Manager status: Archived

Operated a marketplace connecting consumers with home cooks and professional chefs.

The manager links this archived food-service company to Flo, a different portfolio company. That mismatched destination is not used.

Holding source ↗
FLO logo
FLO ↗
Manager status: Archived; Lessons Learnt

Developed AI-assisted video-editing software that selects moments to create shorter clips.

Holding source ↗
Paygilant logo
Paygilant ↗

Provides fraud-detection and identity-risk software for digital payments.

Holding source ↗
Wellthy logo
Wellthy ↗

Develops digital care and patient-support software for chronic health conditions.

Holding source ↗
ZipLoan logo
ZipLoan ↗

Provides digital credit assessment and loans to small businesses.

Holding source ↗
Stashfin logo
Stashfin ↗

Provides digital lending and other financial-service products.

Holding source ↗
Fastfox logo
Fastfox ↗
Manager status: Archived

Developed a home-rental platform.

The official holding page has no usable company website link. Holding source shown instead.

Holding source ↗
Locus logo
Locus ↗
Manager status: Exited

Provides logistics software for route planning, dispatch, tracking and delivery operations.

Holding source ↗
Wiom logo
Wiom ↗
Manager status: Exited

Aggregates broadband providers to make home internet available through neighborhood networks.

Holding source ↗
Fynd logo
Fynd ↗
Manager status: Exited

Provides retail, inventory and commerce software connecting stores and online sales.

Holding source ↗
AdSparx logo
AdSparx ↗
Manager status: Exited

Developed software for inserting targeted video advertisements into online video streams.

The historical domain now shows an unrelated advertising agency. Holding source shown rather than the unrelated destination.

Holding source ↗
Better Butter logo
Better Butter ↗
Manager status: Exited

Provides a recipe-discovery and food-content community.

Holding source ↗
Fortune Pay logo
Fortune Pay ↗
Manager status: Exited

Developed payment terminals and electronic-payment services for merchants and banks.

The official holding page has no usable company website link. Holding source shown instead.

Holding source ↗
Quandl logo
Quandl ↗
Manager status: Exited

Provides financial, economic and alternative datasets; now part of Nasdaq Data Link.

Holding source ↗

03 / Team & connect

Investment team

Ashish Taneja

Ashish Taneja

Founding Partner & CEO

Fund leadership and B2B / DeepTech investment strategy

LinkedIn profile ↗
Sidd Gandhi

Sidd Gandhi

Venture Partner

Venture Partner; early-stage and growth-stage investing

LinkedIn profile ↗
Anirav Godhwani

Anirav Godhwani

Analyst

Investment team; company evaluation and investment support

LinkedIn profile ↗

Six investing contacts, each with a direct personal LinkedIn check. Sahil's Vice President title follows the manager's July 2026 promotion, which is newer than the Associate title still on its People page. Manan Anand is excluded because that same update says he left to start his own company, consistent with his current personal profile. Manish's working personal profile replaces the broken older URL on the site. Sidd retains the official Venture Partner title, not a claim of full-time employment. Advisors, investor relations and brand staff are not included.

Official people page ↗

July 2026 manager team update ↗

04 / Fund network

Limited partners

One named institution is supported here by primary public commitment evidence. Fund II launch coverage describes startup founders and existing/new LPs without naming them. Portfolio co-investors, customers, advisers and startup founders are not inferred to be LPs.

SIDBI Fund of Funds for Startups

growX ventures Fund I

SIDBI's public commitments table lists growX ventures Fund I with INR 20 crore sanctioned against an INR 124 crore target corpus. A sanctioned commitment is not proof that the entire amount has been drawn down. The table's target corpus is not substituted for a reported final corpus or assumed to apply to Fund II.

Primary commitment source ↗

Research checked 2 November 2026. Public fund statements are not investment advice or confirmation of an available allocation.