About Z47
Z47 is a venture capital firm founded in 2006. It is primarily based out of Bengaluru, India. As of Jun 2025, Z47 is an active investor, having invested in 205 companies, with 8 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it led the $5M Seed round of Emversity along with Lightspeed Venture Partners. This round also saw participation from and other investors.
Overall, Z47 portfolio has seen 9 unicorns, 5 IPOs and 29 acquisitions including key companies like Razorpay, Bigbasket and CRED. A lot of funds co-invest with Z47, with names like Angel List sharing a substantial percentage of its portfolio.
Z47 has team of 53 people including 16 partners.
Key Metrics
Team Members
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Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
Z47's List of Top Investments
Z47 has a portfolio of 205 companies, including 9 unicorns. Their most notable investments are in Clipapp and Camp K12.Their portfolio spans across India, United States, SingaporeÌý²¹²Ô»å 6 more locations. They have invested in Enterprise Applications, Consumer, High TechÌý²¹²Ô»å 31 other sectors, across stages such as Seed, Series A Ìý²¹²Ô»å 9 more. Here is the list of top investments by Z47:
1. Razorpay
Provider of online payment gateway solutions for businesses. It offers payment solutions, automated payroll, in-person payments, and banking services for businesses. It is an all-in-one finance solution that allows businesses to accept, process, and disburse payments through various methods, including credit cards, debit cards, net banking, UPI, and digital wallets. It offer tools such as detailed statistics on payments, settlements and refunds, real-time data and insights for informed business decisions, supports recurring payments and subscriptions for regular transactions and more.
Key facts about Razorpay
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹2,500Cr as on Mar 31, 2024
- Valuation: $4.76B - $7.97B
- Stage: Series F
- Total Funding till date: $742M
- Employee Count: 2,204 as on May 31, 2025
- Investors: TCV, GIC and 35 Others
- Latest Funding Round: Series F, Dec 19, 2021, $375M
- Highlight: Editors' Pick
2. Bigbasket
Online supermarket that offers a wide range of personal and household products through its e-commerce platform. With a focus on efficient supply chain operations, the company leverages technology to deliver products to customers across various cities. BigBasket aims to provide customers with a convenient and hassle-free shopping experience by streamlining its logistics and delivery processes. The company has established itself as a major player in the Indian online grocery retail market.
Key facts about Bigbasket
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹10,100Cr as on Mar 31, 2024
- Last Known Valuation: ₹22,400Cr as on Dec 23, 2022
- Stage: Acquired
- Total Funding till date: $943M
- Employee Count: 21,814 as on Apr 30, 2025
- Investors: Sands Capital Ventures, Bessemer Venture Partners and 66 Others
- Latest Funding Round: Series G, Dec 21, 2022, $200M
- Highlight: Acquired
3. CRED
Provider of credit card management and rewards services for creditworthy individuals. It offers tools to better manage credit cards, improve credit scores, and receive payment reminders. Members gain access to exclusive rewards, cashback, and curated experiences from select brands. The platform prioritizes data security through encryption and secure transactions. Services include bill payment, UPI payments, and score tracking.
Key facts about CRED
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: ₹2,470Cr as on Mar 31, 2024
- Valuation: $1.12B as on May 29, 2025
- Stage: Series G
- Total Funding till date: $942M
- Employee Count: 917 as on Apr 30, 2025
- Investors: GIC, Sofina and 89 Others
- Latest Funding Round: Series G, May 29, 2025, $75M
- Highlight: Editors' Pick

4. Ola
App-based personal transportation booking platform. Users can book transportation services by providing pick-up point, drop-off point, payment details, and more. The platform provides various rides including cars, auto-rickshaws, two-wheelers, and more. The app is available for both Android and iOS devices.
Key facts about Ola
- Founded Year: 2010
- Location: Bengaluru (India)
- Annual Revenue: ₹2,200Cr as on Mar 31, 2024
- Valuation: $2B as on Nov 04, 2024
- Stage: Series J
- Total Funding till date: $3.84B
- Employee Count: 538 as on Jan 31, 2025
- Investors: HBM Partners, Odenn Ventures and 148 Others
- Latest Funding Round: Series J, Feb 22, 2022, $20M
- Highlight: Editors' Pick

5. Classplus
Online platform for managing coaching institutes. It provides features such as attendance tracking, insightful student reports, a parent communications module, fee records, and more. Its app is available for Android devices.
Key facts about Classplus
- Founded Year: 2018
- Location: Noida (India)
- Annual Revenue: ₹265Cr as on Mar 31, 2024
- Valuation: $554M as on Jun 05, 2024
- Stage: Series D
- Total Funding till date: $279M
- Employee Count: 369 as on Feb 28, 2025
- Investors: TRP, Sequoia Capital and 49 Others
- Latest Funding Round: Series D, Jun 05, 2024, $8.58M
- Highlight: Editors' Pick
Z47's Year-on-Year Investment Trends
Z47 has invested in 205 companies over the last 19 years, with an average of 14 new investments annually in the last 10 years. In 2024, it made 42 investments, while as of Jun 2025, it has made 13 investments in this year. Its most recent first time investment was in MomsMade and most recent follow-on round was in Stable Money.
Year | No. of Investments | ||
---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 1 | 12 | 13 |
2024 | 25 | 17 | 42 |
2023 | 23 | 10 | 33 |
2022 | 14 | 27 | 41 |
2021 | 11 | 29 | 40 |
2020 | 17 | 22 | 39 |
2019 | 18 | 13 | 31 |
2018 | 12 | 15 | 27 |
2017 | 11 | 5 | 16 |
2016 | 3 | 10 | 13 |

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Z47's Investments by Stage
Z47 has made 100 investments in Seed stage with an average round size of $3.34M, 68 investments in Series A stage with an average round size of $12M and 11 investments in Series B stage with an average round size of $14.5M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Seed | 100 |
Series A | 68 |
Series B | 11 |
Unattributed | 5 |
PE | 3 |
Others | 10 |
Z47's Investments by Sector
Z47 has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, FinTech and Financial Services. Notably, it has invested in 162 Tech companies, 112 Consumer (B2C) companies, 93 Enterprise (B2B) companies and at least 64 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Consumer | 68 |
Enterprise Applications | 55 |
Retail | 44 |
FinTech | 40 |
Financial Services | 21 |
Others | 237 |
Z47's Investments by Geography
Z47 has made most investments in India (174), followed by United States where it has made 17 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
India | 174 |
United States | 17 |
Singapore | 3 |
China | 1 |
Finland | 1 |
Others | 3 |
Z47's recent investments
Here are the most recent investments by Z47:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Jun 14, 2025 | India | Seed | $244K | [+16] | |
May 24, 2025 | India | Series B | $20.2M | Fundamentum [+4] | |
Apr 12, 2025 | India | Seed | $5M | ||
Apr 03, 2025 | India | Series B | $40M | Peak XV Partners [+2] | |
Apr 02, 2025 | India | Series A | $3M |
Unicorns in Z47's Portfolio
Here is a list of unicorns in Z47's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
---|---|---|---|---|---|---|---|
63 | Developer of Generative AI applications | 2023 | Bengaluru | Series B | ctjxipn | ||
78 | Provider of a premium metal credit card with a digital-first approach | 2019 | Pune | Series D | xgw{npd | ||
66 | Provider of an online lenders providing micro loans for businesses | 2016 | Gurugram | Series A | wfxsihe | ||
70 | Online social deal-sharing platform for multi-category products | 2018 | Bengaluru | Series E | lhsasia | ||
64 | Marketplace for trading multi-category industrial materials | 2015 | Ahmedabad | Series G | ud{gxgn |
IPOs and Publicly Listed companies in Z47's Portfolio
Here are Z47's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Aug 09, 2024 | Feb 26, 2019 | Series A | $57M | |
Nov 21, 2022 | Feb 21, 2014 | Unattributed | $2.75M | |
Jul 30, 2018 | Oct 24, 2011 | Series A | $11.8M | |
Aug 26, 2011 | Aug 20, 2008 | Series A | $7M | |
May 06, 2011 | Jul 23, 2010 | PE | $58.3M |
Acquired companies in Z47's Portfolio
Here are Z47's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
May 06, 2023 | Oct 18, 2011 | Unattributed | ₹40°ä°ù | |
Jan 12, 2023 | May 08, 2014 | Series B | $5.82M | |
Dec 08, 2022 | May 04, 2020 | Series A | $5M | |
Nov 29, 2022 | Aug 31, 2017 | Series B | $5M | |
Oct 17, 2022 | Oct 23, 2012 | Series A | $5M |
Team profile of Z47
Z47 has a team of 53 membersÌýincluding 16 Partners, 2 Venture Partners and 25 PrincipalsÌýlocated in India, Malaysia and . Z47's team sits on the board of 4 companies.Here is a list of top team members in Z47:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Delhi | - | ||
Partner | Bengaluru | Jupiter, OfBusiness and 1 more | , | |
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | , | |
Partner | Mumbai | |||
Partner | Mumbai | - | ||
Partner | Mumbai | - | ||
Partner | Mumbai | - | , | |
Partner | Bengaluru | - | , | |
Partner | Jaipur | - | - | |
Partner | Bengaluru | - |
Co-investors of Z47
Over the past 19 years, 3260 investors have co-invested in Z47's portfolio companies.
- Invested before Z47:ÌýWhiteboard Capital, Indian Angel Network and 573 others have invested in rounds before Z47. There are 5 companies where Whiteboard Capital has invested before Z47 and 5 companies where Indian Angel Network has invested before Z47.
- Top Co-investors of Z47:Ìý1111 investors entered a company along with Z47. These include investors like Angel List (17 companies).
- Invested after Z47:ÌýA total of 1574 investors have invested in Z47's portfolio after their investments. Top Investors include (16 companies), Peak XV Partners (13 companies) and Alpha Wave Global (11 companies).

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