About Leo Capital
Leo Capital is a venture capital firm founded in 2017. It is primarily based out of Delhi, India. As of Jul 2026, Leo Capital is an active investor, having invested in 73 companies, with 4 new investments in the last 12 months. It primarily invests in Seed 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 participated in the $***** Series A round of Flair Labs Overall, Leo Capital portfolio has seen 1 unicorn and 7 acquisitions including key companies like Cover Genius, Stratzy and IPLTech Electric. A lot of funds co-invest with Leo Capital, with names like Rajul Garg sharing a substantial percentage of its portfolio. Leo Capital has team of 14 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Unicorns
Deals in last 12 months
Leo Capital's List of Top Investments
Leo Capital has a portfolio of 73 companies, one of which is a Unicorn. Their most notable investments are in Stratzy and Infraprime Logistics Technologies.Their portfolio spans across India, United States, Singapore and 10 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 23 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Leo Capital:
1. Holidu
App-based meta-search platform for vacation rentals. Travelers can provide the destination, check-in/check-out, number of guests to search for vacation rental accommodations. Bookings can be done via their partner website.
Key facts about Holidu
- Founded Year: 2014
- Location: Munich (Germany)
- Annual Revenue: €50M - €100M as on Dec 31, 2022
- Stage: Series E
- Total Funding till date: $170M
- Employee Count: 829 as on Aug 31, 2026
- Investors: Vintage Investment Partners, Northzone and 23 Others
- Latest Funding Round: Venture Debt, Oct 19, 2022, $*****
- Highlight: Editors' Pick
2. BeatO
Provider of a smartphone-enabled glucometer and diabetes management app. It offers a smartphone-enabled glucometer and test strips that connect with their app. The app provides personalized insights and guidance to support people in controlling and managing diabetes.
Key facts about BeatO
- Founded Year: 2015
- Location: Delhi (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $50.8M
- Employee Count: 93 as on May 31, 2025
- Investors: Magnetic, Orios Venture Partners and 62 Others
- Latest Funding Round: Series B, Apr 24, 2023, $*****
- Highlight: Editors' Pick
3. indiagold
Provider of gold loans and digital gold and gold coins. It facilitates loan applications and offers options for digital gold and physical gold coins. The business connects individuals with loan offers from various financial institutions.
Key facts about indiagold
- Founded Year: 2020
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $24.4M
- Employee Count: 305 as on Aug 31, 2025
- Investors: Alpha Wave Global, 3one4 Capital and 37 Others
- Latest Funding Round: Series A, Mar 16, 2026, $*****
- Highlight: Editors' Pick
Brand of beauty and personal care products. It offers makeup, skincare, mom and baby items, hair care, and intimate hygiene products. It provides digital content spanning beauty, fashion, lifestyle, movies, entertainment, and parenting. It is a tech-enabled platform for content creation, data analytics, and brand endorsement. It builds communities centered on beauty, parenting, sexuality, and holistic living.
Key facts about The Good Glamm Group
- Founded Year: 2015
- Location: Delhi (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2023
- Last Known Valuation: $*****
- Stage: Deadpooled
- Total Funding till date: $352M
- Employee Count: 142 as on Jun 30, 2025
- Investors: Amazon, Chiratae Ventures and 62 Others
- Latest Funding Round: Series E, Apr 12, 2024, $*****
- Highlight: Editors' Pick
5. GoComet
Provider of software for managing international trade and logistics workflows. This platform integrates procurement, shipment tracking, document management, and invoice reconciliation into a unified system. It utilizes automated agents to monitor supply chain events, classify communications, and provide analytical insights based on operational data. The system maps existing business processes to coordinate activities between internal teams and external partners. It facilitates carrier selection, rate intelligence, and the execution of multi-modal transport tasks. By connecting various stages of the trade cycle, the software assists in maintaining visibility over cargo movements and financial documentation.
Key facts about GoComet
- Founded Year: 2016
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Mar 31, 2025
- Stage: Series A
- Total Funding till date: $9.51M
- Employee Count: 347 as on Aug 31, 2026
- Investors: India Quotient, Sunstone and 19 Others
- Latest Funding Round: Series A, Feb 08, 2022, $*****
- Highlight: Editors' Pick
Leo Capital's Year-on-Year Investment Trends
Leo Capital has invested in 73 companies over the last 9 years, with an average of 7 new investments annually in the last 5 years. In 2025, it made 7 investments, while as of Jul 2026, it has made 4 investments in this year. Its most recent first time investment was in Flair Labs and most recent follow-on round was in StrainX Biotech.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 7 | 0 | 7 |
2024 | 6 | 0 | 6 |
2023 | 4 | 2 | 6 |
2022 | 11 | 7 | 18 |
2021 | 8 | 7 | 15 |
2020 | 4 | 6 | 10 |
2019 | 7 | 4 | 11 |
2018 | 6 | 1 | 7 |
2017 | 1 | 0 | 1 |
Leo Capital's Investments by Stage
Leo Capital has made 41 investments in Seed stage with an average round size of $2.67M, 13 investments in Series A stage with an average round size of $7.99M, 1 investment in Series C stage with an average round size of $150M, 1 investment in Series D stage with an average round size of $2.59M and 1 investment in Series E stage with an average round size of $6M.Stage of entry | No. of Investments |
|---|---|
Seed | 41 |
Series A | 13 |
Series C | 1 |
Series D | 1 |
Series E | 1 |
Note: We have considered here, only first round of investments
Leo Capital's Investments by Sector
Leo Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, High Tech and Retail. Notably, it has invested in 64 Tech companies, 48 Enterprise (B2B) companies, 36 Software companies and at least 26 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 27 |
Consumer | 18 |
FinTech | 13 |
High Tech | 8 |
Retail | 8 |
Others | 65 |
Note: We have considered here, only first round of investments
Leo Capital's Investments by Geography
Leo Capital has made most investments in India (27), followed by United States where it has made 15 investments.Country | No. of Investments |
|---|---|
India | 27 |
United States | 15 |
Singapore | 7 |
United Kingdom | 3 |
Germany | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Leo Capital's recent investments
Leo Capital has made 4 investments in 2026 so far. Flair Labs and StrainX Biotech are the latest among them.Here are the most recent investments by Leo Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 24, 2026 | United States | Series A | 7158 | ||
May 01, 2026 | India | Series B | 4208 | [+9] | |
Mar 11, 2026 | United Kingdom | Seed | 6126 | [+4] | |
Jan 20, 2026 | Germany | Seed | 1939 | [+6] | |
Dec 02, 2025 | India | Seed | 2710 | [+7] |
Unicorns in Leo Capital's Portfolio
Leo Capital has 1 unicorn in its portfolio - Cover Genius. The most recent unicorn in their portfolio is Cover Genius which became a unicorn in 2026.Here is a list of unicorns in Leo Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of a software suite for the insurance industry | 2014 | New York City | Series F | pgfunjx |
Acquired companies in Leo Capital's Portfolio
7 companies from Leo Capital's portfolio have been acquired. The most recent acquisition was Stratzy in Nov 2025 by Raise for $*****.Here are Leo Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 19, 2025 | Nov 09, 2021 | Seed | 1379 | |
Oct 01, 2025 | Mar 24, 2018 | Seed | 4134 | |
Aug 16, 2023 | Oct 26, 2020 | Seed | 6424 | |
Aug 02, 2023 | Aug 26, 2021 | Seed | 4982 | |
Mar 21, 2023 | Feb 11, 2019 | Seed | 7550 |
Team profile of Leo Capital
Leo Capital has a team of 14 members including 6 Partners and 1 Principal located in India, United States and 3 more locations. Leo Capital's team sits on the board of 3 companies.Here is a list of top team members in Leo Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | |||
Partner | Delhi | Knowlarity, Edureka and 1 more | ||
Partner | Rome | - | - | |
Partner | Seattle | - | ||
Partner | Bengaluru | - | ||
Partner | - | - | - | |
Principal | Helsinki | - |
Co-investors of Leo Capital
Over the past 9 years, 677 investors have co-invested in Leo Capital's portfolio companies. This includes funds and angels.
- Invested before Leo Capital: Rajul Garg, Aniket Khera and 218 others have invested in rounds before Leo Capital. There are 5 companies where Rajul Garg has invested before Leo Capital and 2 companies where Aniket Khera has invested before Leo Capital.
- Top Co-investors of Leo Capital: 224 investors entered a company along with Leo Capital. These include investors like Rajul Garg (6 companies).
- Invested after Leo Capital: A total of 233 investors have invested in Leo Capital's portfolio after their investments. Top Investors include Orios Venture Partners (2 companies), Pankaj Chaddah (2 companies) and Flipkart (2 companies).
Recent News related to Leo Capital
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StrainX Bioworks Secures $13 Million in Funding Led by Prime Venture Partners and Leo CapitalViestories•May 25, 2026•StrainX Biotech, Leo Capital, Prime Venture Partners, Sparrow Capital and 5 others
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Kayna Raises €1.5m to Expand in UK and USAFintech Finance•Mar 11, 2026•Kayna, Enterprise Ireland, Digital Irish, Aperture and 5 others
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GeneralMind Secures $12 Million Funding for AI-Powered Automation of Supply Chain ProcessesTrending Topics•Jan 20, 2026•Lucid Capital, Leo Capital, Lakestar, GeneralMind and 2 others
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GeneralMind, AI startup founded by Razor team, secures €10.2M fundingEU-Startups•Jan 20, 2026•Lucid Capital, Booom, Heliad, Leo Capital and 2 others
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Redapto has raised USD 500K in a Pre-Seed funding round led by Y CombinatorEnablers•Dec 05, 2025•Redapto, Y Combinator, Flair Labs, Leo Capital and 2 others
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TERN Group secures €20.4M to address healthcare staff shortagesSilicon Canals•Sep 10, 2025•TERN, Notion, RTP Global, DST Global and 5 others
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Reveal Healthtech Secures $7.2 Mn to Enhance AI Clinical SolutionsInc42•Sep 04, 2025•Reveal HealthTech, Innovaccer, Investcorp, Leo Capital and 4 others
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Prepay Nation and Tylt Join Forces to Advance Crypto-Powered Prepaid Solutions GloballyPrepay Nation•Feb 03, 2025•Prepay Nation, Tylt, Leo Capital, Beta Lab and 2 others
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LambdaTest Secures $38 Million to Revolutionize Quality Assurance with AI-Driven SolutionsStartupHub.ai•Dec 10, 2024•Avataar Ventures, Qualcomm Ventures, Premji Invest, Sequoia Capital and 5 others
