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Key people at DeVC.
DeVC (Decentralised VC) is a pre-seed venture capital firm based in Bengaluru, India, founded in 2022. It operates as a collective of founders, operators, and early investors who invest in and support startups from concept to early traction, typically with cheque sizes ranging from $50K to $500K. DeVC’s mission is to back the next generation of ventures by partnering closely with entrepreneurs during their critical 0 to 1 journey. The firm is sector-agnostic but has notable investments in AI, machine learning, adtech, agritech, and SaaS, reflecting a broad interest in technology-driven startups. DeVC emphasizes community and operational support, leveraging a network of over 100 founders and operators to help startups with go-to-market strategies, product development, and organizational growth, thus significantly impacting the early-stage startup ecosystem in South Asia and beyond[1][2][4].
Founded by a group of experienced entrepreneurs and investors including Shashank Kumar (Razorpay), Asish Mohpatra (OfBusiness), Jitendra Gupta (Jupiter Bank), and Ramakant (LivSpace), DeVC has evolved into a global founder and operator collective. The firm’s origin story is rooted in the desire to create a decentralized, founder-led investment model that goes beyond capital to provide mentorship and community support. Early traction came from building a strong network of angel investors and co-investors, enabling DeVC to back over 48 startups by mid-2025, including recent seed rounds in companies like Cleevo and CodeAnt AI[1][2].
DeVC rides the wave of increasing founder-led venture capital models that emphasize community and operational involvement alongside funding. The timing is significant as early-stage startups face growing challenges in accessing not just capital but also strategic support to scale effectively. Market forces such as the rise of AI, SaaS, and digital transformation across sectors create fertile ground for DeVC’s investments. By fostering a decentralized, founder-centric ecosystem, DeVC influences the broader startup landscape by democratizing access to venture capital and operational expertise, particularly in the South Asian region, helping startups compete on a global scale[1][2].
Looking ahead, DeVC is poised to deepen its influence by expanding its portfolio and enhancing its community-driven support model. Trends such as AI innovation, hybrid work technologies, and digital-first business models will likely shape its investment focus. As DeVC continues to scale, it may evolve into a leading platform that not only funds but also systematically accelerates early-stage ventures through its collective expertise. This evolution will reinforce its founding mission of empowering ambitious founders to build transformative companies from the ground up[1][2][4].
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 14, 2026 | Inspecity | $5.6M Seed | Ashish Kacholia | Anicut Capital, Antler, MountTech, Speciale Invest, Veda VC |
| Mar 2, 2026 | Companion Labs | $2.5M Seed | Peak XV Partners (Sequoia Capital India) | All In Capital, UNTITLED |
| Feb 23, 2026 | Potpie | $2.2M Pre-Seed | Anupam Rastogi | All In Capital, PointOne Capital |
| Feb 5, 2026 | Material Depot | Material Depot Series A | Stellaris Venture Partners, Accel, Rahul Chowdhri, Pratik Agarwal | Ankit Nagori, Arpita Kapoor, Harsh Pokharna, MyAsia VC, Niraj Singh, Rajesh Reddy, Ramakant Sharma, Saurabh Jain, Shashvat Nakrani, Soma Capital, Swapnil Saurav, Vineet Khanna, Whiteboard Capital, Abhiroop Jayanthi, Abhishek Goyal, Ananya Singhal |
| Jan 3, 2026 | Stance Health | $1.0M Pre-Seed | Anand Chandrasekaran | Kulin Shah, Nandan Reddy, Sriharsha Majety, Nitin Sharma |
| Dec 22, 2025 | PowerUp Money | $12.0M Series A | Navendu Sharma | 8i Ventures, Prayank Swaroop, Blume Ventures, Kae Capital |
| Nov 25, 2025 | Riverline AI | $825K Pre-Seed | Prateek Mehta | gradCapital |
| Nov 12, 2025 | Nyayanidhi | $2.0M Seed | Sonal Saldanha | Nishchay AG, Force Ventures, Peercheque |
| Oct 6, 2025 | Morphing Machines | $4.3M Series A | Rajnish Kapur | CIIE, Golden Sparrow Ventures, Navam Capital, Vishesh Rajaram |
| Oct 1, 2025 | Confido Health | $10.0M Confido Health Series A | Blume Ventures, Sanjay Nath | MedMountain Ventures, Schema Ventures, Shubham Gupta, Vicus Ventures |
| Sep 8, 2025 | Ziffi Chess | $5.0M Series A | Ravi Venkatesh | Rohan Nayak, India Quotient, Symphysis LSV |
| Sep 1, 2025 | VyomIC | $2.0M Seed | Speciale Invest | Ashish Taneja, BYT Capital |
| Aug 6, 2025 | Terafac | $740K Pre-Seed | Raj Sheth | Bharat Founders Fund, Innovation Mission Punjab |
| Aug 5, 2025 | GameRamp | $5.4M Pre-Seed | Anuj Tandon | MIXI, South Park Commons |
| May 1, 2025 | CodeAnt AI | $2.0M Seed | Uncorrelated Ventures, VitalStage Ventures, Tom Blomfield | Entrepreneur First, Matrix Partners India, Anandamoy Roychowdhary, Portage Ventures, Theory Ventures, Saturnin Pugnet, Entrepreneur First, Transpose Platform |
| Jul 31, 2024 | EMoMee | $1.0M Pre-Seed | DeVC, Whiteboard Capital | — |
| Jun 27, 2024 | Morphing Machines | $2.8M Seed | Speciale Invest | CIIE, Golden Sparrow Ventures, Navam Capital |
| May 30, 2024 | Kintsugi AI | $6.0M Series A | DeVC, Kyber Knight, Lisa Dolan, Plug and Play, Venture Highway | — |
| May 14, 2024 | Chlopak, Leonard, Schechter & Associates | $3.5M Seed | Venture Highway | Alok Goel, Arvind Krishnaswamy, Arvind Parthiban, Sidharth Malik, Suman Gopalan, Tarkeshwar Thakur, Neon Fund |
| May 1, 2024 | ProsParity | $2.0M Seed | — | BEENEXT, Helion Venture Partners, Quona Capital, Amit Gupta, Abhishek Goyal, Ashish Gupta, Dhyanesh Shah, Nitin Kaushal, Raj Dugar, All In Capital, Huddle Ventures, Sparrow Capital |
| Apr 1, 2024 | StepSecurity | $3.0M Seed | Michael Sutton | Blu Venture Investors, Costanoa Ventures, Decibel Partners, Paladin Capital Group, Inner Loop Capital, SaaS Ventures |
| Apr 1, 2024 | Boba Bhai | $1.0M Seed | Global Growth Capital UK, Bipin Shah | AngelList, RTP Global, V3 Ventures, Ashish Agrawal, Ramakant Sharma, Aayush Arora, Abhinav Sinha, Ameet Nandlaskar, Arjit Johri, Arjun Vaidya, Asit Oberoi, Dhruv Madaan, Divyanshi Chowdhary, Harsh Patel, Kunal Bahl, Kushal Khandwala, Mandeep Sodhi, Neha Patil, Nikhil B., Nishant Sharma, Prabhraj Bhatia, Rajendra Lora, Rohit Bansal, Sharad Bansal, Shivam Agarwal, Shripad Nadkarni, Varun Alagh, Shiva Singh Sangwan, FinFirst, Peercheque, Warmup Ventures |
| Apr 1, 2024 | PineGap | $3.0M Seed | Inventus Capital, B. V. Jagadeesh | Steve Kishi, Inventus Capital Partners, Mohan Kumar, Mohit Aron, Vetri Vetrivelkumaran Vellore |
| Dec 16, 2023 | DigitalPaani | $1.2M Seed | Bharat Founders Fund, Climate Angels, DeVC, Enzia Ventures, Peercheque, SAE | Alok Mittal, Ashish Goel, Mohit Sadaani, Mohit Tandon |
| Dec 16, 2023 | ofScale | $380K Pre-Seed | First Cheque | Abhishek Goyal, Mekin Maheshwari, Revant Bhate, Matrix Partners India, Relentless VC |