About Iron Pillar
Iron Pillar is a venture capital firm founded in 2016. It is primarily based out of Ebene City, Mauritius. As of May 2025, Iron Pillar is an active investor, having invested in 21 companies, with 3 new investments in the last 12 months. It primarily invests in Series B round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Auto Tech. Most recently it led the Undisclosed Series B round of Flipspaces along with Prudent Investment Managers. This round also saw participation from Synergy Capital Partners.
Overall, Iron Pillar portfolio has seen 2 unicorns and 2 acquisitions including key companies like , NowFloats and Uniphore. A lot of funds co-invest with Iron Pillar, with names like Trifecta Capital sharing a substantial percentage of its portfolio.
Iron Pillar has team of 23 people including 7 partners.
Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A &
Portfolio Acquisitions
Portfolio Unicorns
Uniphore &
Portfolio Soonicorns
Deals in last 12 months
Iron Pillar's Year-on-Year Investment Trends
Iron Pillar has invested in 21 companies over the last 9 years, with an average of 2 new investments annually in the last 5 years. In 2024, it made 2 investments, while as of May 2025, it has made 2 investments in this year. Its most recent first time investment was in Flipspaces and most recent follow-on round was in Curefoods.
Year | No. of Investments | ||
---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 2 | 0 | 2 |
2024 | 1 | 1 | 2 |
2023 | 2 | 3 | 5 |
2022 | 2 | 3 | 5 |
2021 | 3 | 3 | 6 |
2020 | 1 | 4 | 5 |
2019 | 4 | 3 | 7 |
2018 | 2 | 3 | 5 |
2017 | 1 | 0 | 1 |
2016 | 2 | 0 | 2 |

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Iron Pillar's Investments by Stage
Iron Pillar has made 11 investments in Series B stage with an average round size of $24.4M, 4 investments in Series A stage with an average round size of $10.1M, 2 investments in Series C stage with an average round size of $40.4M, 2 investments in Series D stage with an average round size of $15.3M and 1 investment in Series H stage with an average round size of $200M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Series B | 11 |
Series A | 4 |
Series C | 2 |
Series D | 2 |
Series H | 1 |
Iron Pillar's Investments by Sector
Iron Pillar has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Retail and Vertical SaaS. Notably, it has invested in 20 Tech companies, 14 Enterprise (B2B) companies, 13 Software companies and at least 8 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Enterprise Applications | 12 |
High Tech | 6 |
Consumer | 4 |
Retail | 4 |
Vertical SaaS | 4 |
Others | 19 |
Iron Pillar's Investments by Geography
Iron Pillar has made most investments in India (15), followed by United States where it has made 8 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
India | 15 |
United States | 8 |
Iron Pillar's recent investments
Here are the most recent investments by Iron Pillar:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
May 07, 2025 | India | Series B | Undisclosed | ||
Jan 28, 2025 | India | Series B | Undisclosed | ValueQuest [+2] | |
Nov 12, 2024 | India | Series D | $16.5M | Chiratae Ventures [+2] | |
Jun 05, 2024 | India | Series D | $8.58M | ||
Jul 13, 2023 | United States | Series A | $6M | [+2] |
Unicorns in Iron Pillar's Portfolio
Here is a list of unicorns in Iron Pillar's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
---|---|---|---|---|---|---|---|
57 | AI and cloud-based platform offering conversational customer service automation solutions | 2008 | Palo Alto | Series E | xjyayrk | ||
75 | Online marketplace platform offering fashion and lifestyle products | 2010 | Delhi | Series H | ut{bpqx |
Team profile of Iron Pillar
Iron Pillar has a team of 23 membersÌý¾±²Ô³¦±ô³Ü»å¾±²Ô²µ 7 Partners, 7 Venture Partners and 4 PrincipalsÌýlocated in India, United Arab Emirates and . Iron Pillar's team sits on the board of 5 companies.Here is a list of top team members in Iron Pillar:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Mumbai | - | , | |
Partner | Mumbai | Servify, FreshToHome and 1 more | ||
Partner | Bengaluru | - | , | |
Partner | Palo Alto | - | ||
Partner | United Arab Emirates | - | ||
Partner | Dubai | - | ||
Partner | Dubai | - | ||
Venture Partner | San Francisco | - | ||
Venture Partner | Huangpu | - | ||
Venture Partner | Mumbai | |||
Venture Partner | Dubai | - | - |
Co-investors of Iron Pillar
Over the past 9 years, 753 investors have co-invested in Iron Pillar's portfolio companies.
- Invested before Iron Pillar:ÌýNexus Venture Partners, Kalaari Capital and 331 others have invested in rounds before Iron Pillar. There are 5 companies where Nexus Venture Partners has invested before Iron Pillar and 3 companies where Kalaari Capital has invested before Iron Pillar.
- Top Co-investors of Iron Pillar:Ìý174 investors entered a company along with Iron Pillar. These include investors like Trifecta Capital (2 companies).
- Invested after Iron Pillar:ÌýA total of 246 investors have invested in Iron Pillar's portfolio after their investments. Top Investors include Adil Allana (2 companies), Kunal Shah (2 companies) and (2 companies).

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Recent News related to Iron Pillar
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IndianWeb2•Feb 11, 2025•ToneTag, ValueQuest, Elevate Innovation Partners, Iron Pillar and 4 others
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The Economic Times•Sep 25, 2023•Kalaari Capital, Iron Pillar, IvyCap Ventures Advisors, Accel and 7 others
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Inventiva•May 11, 2023•Pando, Iron Pillar, Uncorrelated Ventures, Nexus Venture Partners and 4 others
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