About Athera
Athera is a venture capital firm founded in 2008. It is primarily based out of Bengaluru, India. As of Jun 2026, Athera is an active investor, having invested in 65 companies, with 1 new investment 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 High Tech and Retail. Most recently it participated in the $***** Seed round of Propsoch Overall, Athera portfolio has seen 2 unicorns, 3 IPOs and 18 acquisitions including key companies like redBus, FundsIndia and Policybazaar. A lot of funds co-invest with Athera, with names like Blume Venture sharing a substantial percentage of its portfolio. Athera has team of 6 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Athera's List of Top Investments
Athera has a portfolio of 65 companies, including 2 unicorns. Their most notable investments are in HealthifyMe and redBus.Their portfolio spans across India, United States, Singapore and 1 more locations. They have invested in Enterprise Applications, High Tech, Retail and 26 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by Athera:
1. redBus
redBus is a consumer-facing travel brand enabling customers to buy tickets on the internet and mobile. The company partners with bus operators and enables travelers to book inter-city bus tickets and hire buses. The company also added hotel booking capabilities. Owned around 70% of the market share in online bus ticketing. Its mobile app is available for download across Android, iOS and Windows devices. Launched a pilot project for dynamic pricing in Ahmedabad with cheap tickets for early birds. Planning to expand its global footprint by launching operations SEA & LATAM countries. Acquired by Ibibo Group in June 2013.
Key facts about redBus
- Founded Year: 2006
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $10M
- Employee Count: 800 as on Jan 31, 2026
- Investors: Helion Venture Partners, Naspers and 11 Others
- Latest Funding Round: Series C, Mar 14, 2011, $*****
- Highlight: Acquired
2. FundsIndia
Online investment platform for mutual funds and other financial products. It also alows to invest in equities, gold, corporate deposits, bonds, loans, insurance, and other financial products. It offers investment plan to manage their investment amounts based on the market condition. It enable investors to alter their investment levels depending on their financial situation.
Key facts about FundsIndia
- Founded Year: 2008
- Location: Chennai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $16.6M
- Employee Count: 1,048 as on Aug 31, 2025
- Investors: Faering Capital, Foundation Capital and 8 Others
- Latest Funding Round: Series C, Feb 10, 2020, $*****
- Highlight: Acquired
3. Policybazaar
Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans. It is an online insurance platform that provides users with a marketplace to compare and purchase various types of insurance products including life, health, travel, and car insurance. The platform offers a range of features such as policy comparison, online quotes, and policy renewal, aiming to provide users with a seamless and user-friendly experience.
Key facts about Policybazaar
- Founded Year: 2008
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Late Stage
- Employee Count: 24,206 as on Jun 30, 2025
- Investors: Education Growth Partners, Premji Invest and 9 Others
- Latest Funding Round: Post IPO, Oct 14, 2017, $*****
- Highlight: Editors' Pick
4. Euler Motors
Manufacturer of electric commercial vehicles and TCO calculation service. The company provides electric loading vehicles for commercial use. It offers a tool to calculate and compare vehicle profitability. The tool allows users to select vehicles and input usage details.
Key facts about Euler Motors
- Founded Year: 2018
- Location: Delhi (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $254M
- Employee Count: 731 as on Aug 31, 2025
- Investors: GIC, BlackSoil and 52 Others
- Latest Funding Round: Conventional Debt, Mar 17, 2026, $*****
- Highlight: Editors' Pick
5. GreyOrange
Provider of warehouse and in-store automation solutions using artificial intelligence. The company offers orchestration platforms, assisted picking robots, and intralogistics automation. It also provides rack-to-person, tote-to-person, and sortation and smart conveying robots. The company serves industries including apparel, retail, consumer electronics, and manufacturing.
Key facts about GreyOrange
- Founded Year: 2012
- Location: Suwanee (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $545M
- Employee Count: 1,098 as on May 31, 2026
- Investors: Mithril, TriplePoint Capital and 56 Others
- Latest Funding Round: Series D, Dec 21, 2023, $*****
- Highlight: Editors' Pick
Athera's Year-on-Year Investment Trends
Athera has invested in 65 companies over the last 18 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 6 investments, while as of Jun 2026, it has made 1 investment in this year. Its most recent first time investment was in Propsoch and most recent follow-on round was in Euler Motors.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 3 | 3 | 6 |
2024 | 4 | 6 | 10 |
2023 | 1 | 5 | 6 |
2022 | 4 | 6 | 10 |
2021 | 2 | 7 | 9 |
2020 | 3 | 5 | 8 |
2019 | 3 | 2 | 5 |
2018 | 2 | 5 | 7 |
2017 | 0 | 4 | 4 |
Athera's Investments by Stage
Athera has made 35 investments in Series A stage with an average round size of $3.7M, 14 investments in Seed stage with an average round size of $2.41M, 1 investment in Series B stage with an average round size of $6.19M and 1 investment in Unattributed stage with an average round size of $3.31M.Stage of entry | No. of Investments |
|---|---|
Series A | 35 |
Seed | 14 |
Series B | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Athera's Investments by Sector
Athera has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, Vertical SaaS and High Tech. Notably, it has invested in 60 Tech companies, 45 Enterprise (B2B) companies, 38 Software companies and at least 27 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 25 |
Consumer | 15 |
Retail | 10 |
Vertical SaaS | 10 |
High Tech | 8 |
Others | 69 |
Note: We have considered here, only first round of investments
Athera's Investments by Geography
Athera has made most investments in India (44), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
India | 44 |
United States | 9 |
Singapore | 2 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
Athera's recent investments
Athera has made 1 investments in 2026 so far - Propsoch.Here are the most recent investments by Athera:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 03, 2026 | India | Seed | 6666 | [+1] | |
Jul 07, 2025 | India | Seed | 7816 | [+14] | |
May 08, 2025 | India | Series D | 4969 | [+5] | |
Mar 18, 2025 | United States | Series A | 3015 | [+7] | |
Mar 05, 2025 | India | Series A | 2230 | [+1] |
Unicorns in Athera's Portfolio
Athera has 2 unicorns in its portfolio - Headspin and Policybazaar. The most recent unicorn in their portfolio is Headspin. It became a unicorn in 2020, 6 years before Athera first invested in it.Here is a list of unicorns in Athera's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of automated and manual testing platform for mobile and web | 2014 | Palo Alto | Series C | uqqlqbb | ||
76 | Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans | 2008 | Gurugram | Late Stage | littmpr |
IPOs and Publicly Listed companies in Athera's Portfolio
3 of Athera's portfolio companies have become public. Net Avenue Technologies got listed on the National Stock Exchange (NSE), in Dec 2023 at marketcap of $4.63M and PB Fintech got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $4.91B.Here are Athera's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 08, 2023 | Apr 28, 2012 | Unattributed | 8259 | |
Nov 15, 2021 | May 22, 2012 | Series B | 8538 | |
Jun 10, 2005 | - | - | 8142 |
Acquired companies in Athera's Portfolio
18 companies from Athera's portfolio have been acquired. The most recent acquisition was Kaboodle in Apr 2025 by Weezevent for $*****.Here are Athera's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 11, 2025 | - | - | 4703 | |
Oct 31, 2023 | Mar 23, 2012 | Series A | 1544 | |
Aug 22, 2023 | Jul 25, 2010 | Series A | 8741 | |
Aug 06, 2022 | Dec 13, 2018 | Series A | 3509 | |
Oct 06, 2021 | Jul 07, 2016 | Seed | 1013 |
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Team profile of Athera
Athera has a team of 6 members including 2 Partners and 3 Principals located in India. Athera's team sits on the board of 4 companies.Here is a list of all team members in Athera:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | MoveInSync, BluArmor and 5 more | ||
Partner | - | - | ||
Partner | Chennai | - | - | |
Principal | Bengaluru | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - |
Co-investors of Athera
Over the past 18 years, 856 investors have co-invested in Athera's portfolio companies. This includes funds and angels.
- Invested before Athera: Anand Ladsariya, Nitin Agarwal and 388 others have invested in rounds before Athera. There are 4 companies where Anand Ladsariya has invested before Athera and 4 companies where Nitin Agarwal has invested before Athera.
- Top Co-investors of Athera: 150 investors entered a company along with Athera. These include investors like Blume Venture (6 companies).
- Invested after Athera: A total of 316 investors have invested in Athera's portfolio after their investments. Top Investors include Inventus Capital Partners (6 companies), Trifecta Capital (4 companies) and Innoven Capital (4 companies).
Recent News related to Athera
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Propsoch raises USD 2 mn seed funding to expand businessNewsDrum•Jun 03, 2026•Propsoch, Athera, Sparrow Capital, Vakilhousing
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Hyperbots Secures $6.5M Series A Fundingintelligence360•May 23, 2025•Hyperbots, Arkam Ventures, Athera, JSW Ventures and 3 others
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Hyperbots Raises $6.5M in Series A FundingFinSMEs•May 13, 2025•Hyperbots, Arkam Ventures, Athera, JSW Ventures and 3 others
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Hyperbots Secures $6.5M Series A FundingBusiness Line•May 13, 2025•Hyperbots, Arkam Ventures, Athera, JSW Ventures and 3 others
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Sorin Investments Leads $7M Series A Investment in Beacon.li to Drive AI-Powered Enterprise Software Support & AdoptionCXOtoday•Mar 06, 2025•Sorin, Beacon, Athera, JAFCO Asia and 1 other
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Ai Startup Beacon.li Raises $7 Million In Series A Funding From Sorin InvestmentsMoneycontrol•Mar 05, 2025•Beacon, Sorin Group, Athera, JAFCO Asia and 5 others
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Ai Startup Beacon.li Bags $7 Mn Led By Ex-kkr India Ceo’s Vc FirmStartupNews•Mar 05, 2025•Beacon, Sorin Group, Athera, JAFCO Asia and 10 others
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AI Startup Beacon.li Bags $7 Mn Led By Sanjay Nayar’s Sorin InvestmentsInc42•Mar 05, 2025•Beacon, Sorin, Athera, Sorin Group and 5 others
