IAN Angel Fund Backs InterCosmos to Power Next-Gen In-Space Transportation

IAN Angel Fund, the evergreen fund of IAN Group, has invested in an early-stage funding round in InterCosmos, a next-gen in-space transportation company. The investment will help the company accelerate the development and flight qualification of its flagship propulsion technology, HyperX, and build its first in-flight demonstration.

Founded by aerospace engineers Gokul (Co-founder & CEO) and Aravinda Samy (Co-founder, COO & CTO), InterCosmos is working to solve a long-standing challenge in the space industry: to make propulsion systems safer, more reliable, and easier to operate without compromising performance. As the number of satellites and space missions continues to grow globally, propulsion has become critical, enabling in-orbit movement, maneuvering, and mission control. During the founders' tenure as project interns at LPSC/ISRO, they built expertise in the complexities of rocket propulsion, demonstrating strong technical and analytical capabilities in a demanding environment.

(Left to Right) Gokul Ravi (Co-founder & CEO) and Aravinda Samy (Co-founder, COO & CTO), at InterCosmos

This investment will be utilised to develop HyperX’s first in-flight demonstration and augment research and engineering capabilities to prepare HyperX for real-world space missions. The company is focused on demonstrating performance in orbit. This will be a critical milestone, as flight heritage is essential for adoption by customers and to enable commercial partnerships.

This investment by IAN Angel Fund reflects the growing investor interest in India’s spacetech industry. In fact, this investment underlines IAN Group’s focus on deeptech, with early-stage capital going into startups building critical infrastructure for the future of India’s, and eventually the global, space economy.

Headquartered in Chennai, with operations in Trivandrum, InterCosmos is targeting customers such as satellite manufacturers, spacecraft developers, and mission operators. These customers require reliable and safe propulsion systems for a wide range of applications, including satellite maneuvering, orbital mobility, launch vehicle upper stages, and future deep-space missions.

Gokul, Co-founder & CEO, InterCosmos, said, “This investment marks a significant milestone for InterCosmos as we move towards flight-qualifying our technology and accelerating the development of HyperX. We are building next-generation, non-toxic hypergolic propulsion systems to enable safe and efficient in-space transportation, delivering reliable, high-performance propulsion across a wide range of space missions.”

Traditional propulsion systems often rely on highly toxic fuels such as hydrazine, which are difficult to handle, expensive to operate, and heavily regulated. While alternatives exist, many of them compromise on performance or introduce complex ignition systems that reduce reliability. InterCosmos is addressing this gap by building HyperX, a non-toxic hypergolic propulsion system that offers the same reliability and operational simplicity as traditional systems while significantly improving safety and efficiency.

The global space economy is expanding rapidly, driven by increasing satellite launches, private space missions, and growing demand for in-space mobility. Industry estimates indicate that the space economy could grow to nearly $1.8 trillion by 2035, with propulsion emerging as a key enabling segment. As more satellites and spacecraft are launched, the need for efficient in-space transportation and maneuvering systems is expected to increase. It is creating strong opportunities for new propulsion technologies. InterCosmos is building solutions in this space.

Interestingly, the company’s vision is to expand beyond propulsion systems into broader in-space transportation infrastructure. This includes mobility platforms, re-entry vehicles, and interplanetary systems built on its HyperX technology platform. The company aims to contribute to the next phase of space mobility by enabling faster, safer, and more cost-effective spacecraft operations.

About InterCosmos:

InterCosmos is building next-generation in-space transportation technologies with HyperX, a novel non-toxic, high-performance hypergolic propulsion technology. As the company’s core platform and first commercial product, HyperX delivers safe, reliable, and scalable propulsion for the rapidly expanding space market.

Unlike traditional toxic propellants, HyperX enables easier handling, simplified ground operations, and reduced regulatory complexity without compromising performance.

About IAN Angel Fund:

IAN Angel Fund, the evergreen fund of IAN Group, is a SEBI-registered Category I AIF and part of India’s leading early-stage investment platform, which pioneered angel investing in the country. Today, IAN invests through its Angel Fund and venture capital funds, backed by a network of ~500 investors, including iconic entrepreneurs and industry leaders from India and overseas. The platform enables founders to raise capital from ₹50 lakh to ₹50 crore as they scale, while offering investors a diversified early- stage portfolio across both emerging and growth-stage startups.

About IAN Group:

IAN Group is India’s largest horizontal platform for early-stage investments, comprising the IAN Angel Fund, BioAngels, and a series of SEBI-registered venture capital funds, including the US$100 million IAN Alpha Fund. IAN supports entrepreneurs with capital, mentoring by experienced founders, and access to global markets. Forbes has recognised IAN as one of the most iconic business and economic developments of Independent India over the last 75 years, alongside institutions such as LIC, NASSCOM, the RBI, and Naukri.com.

IAN Angel Fund Leads ₹10 Cr Seed Round in Rymo Technologies to Expand Robotic Neuro-Rehabilitation Access

IAN Group, the country’s single largest early-stage investment platform, has invested in Rymo Technologies, a robotic neuro-rehabilitation startup, in its seed funding round of over INR 10 crore, through its evergreen fund, IAN Angel Fund, with participation from other angel investors.

The fresh capital will be used to accelerate product innovation, expand manufacturing capabilities, and strengthen the company’s presence across India while scaling into international markets, including ASEAN and the Middle East.

Founded by Chirag Shah (CEO) and Abhishek Rai (CTO), Rymo Technologies is working to address a structural gap in neuro-rehabilitation. While the incidence of stroke and neurological disorders continues to rise globally, access to advanced rehabilitation remains limited due to a shortage of trained therapists and the high cost of robotic rehabilitation systems. As a result, patients in Tier 1/2 cities and smaller hospitals often lack access to advanced therapy solutions.

For IAN, the opportunity lies not only in the growing demand for rehabilitation technology but also in the company’s ability to address this gap with a scalable and validated solution.

The company has already demonstrated strong traction across the healthcare ecosystem, with more than 452 device installations and 354 clinical customers, including leading institutions such as AIIMS, Apollo Hospitals, and Manipal Hospitals. Rymo’s systems have supported over 7,500 patients, delivering more than 15,000 therapy hours, with studies indicating up to 25 percent faster recovery outcomes.

Chirag Shah, Co-founder & CEO, Rymo Technologies, said, “Our goal is to democratize world-class rehabilitation so that no patient is left behind due to cost or infrastructure barriers. With this financing, we hope to grow internationally, develop our technology, and give more patients and healthcare professionals access to superior robotic rehabilitation.”

Rymo’s approach focuses on bringing robotic and AI-assisted rehabilitation technology to mid-sized hospitals and physiotherapy clinics at an accessible price point, enabling healthcare providers beyond large metropolitan hospitals to offer advanced rehabilitation services.

Beyond clinical adoption, the company has built a multi-layered technology foundation that combines patented hardware architecture, proprietary algorithms trained on patient data, and modular system design. At the core of the platform is a multi-joint robotic rehabilitation system being integrated with AI-driven therapy personalization designed to deliver measurable recovery outcomes. These capabilities, along with regulatory progress and international clinical validation studies, including one currently underway in Italy, create a strong platform for global expansion.

Rymo’s price-performance advantage also positions it uniquely in the market. While global robotic rehabilitation systems can cost several times more, Rymo’s solutions are designed to make advanced rehabilitation accessible to Tier 1/2 clinics, mid-sized hospitals, and emerging healthcare markets that have historically been unable to adopt such technology.

The company has also made progress on regulatory and international expansion fronts. Rymo has received US FDA classification as a Class II medical device and has signed a distribution partnership with Fourier Rehab to expand into ASEAN markets.

The global neuro-rehabilitation devices market, valued at approximately $2.16 billion and growing at around 14 percent annually, presents a significant opportunity, particularly as healthcare systems seek scalable rehabilitation solutions for rising neurological disorders.

Rymo aims to capture this opportunity by building a connected neuro-rehabilitation ecosystem leveraging robotics, internet of things, virtual reality and other advanced technologies.

About Rymo Technologies : Rymo Technologies is a pioneering healthcare technology startup headquartered in Navi Mumbai, India, dedicated to transforming physical rehabilitation through advanced robotics, virtual reality, and artificial intelligence. The company builds innovative, accessible, and affordable solutions including its flagship Mobi-L system to help individuals recover from strokes, injuries, and neurological conditions regain mobility and independence.

About IAN Angel Fund

IAN Angel Fund, the evergreen fund of IAN Group, is a SEBI-registered Category I AIF and part of India’s leading early-stage investment platform, which pioneered angel investing in the country. IAN invests through its Angel Fund and venture capital funds, backed by a network of over 250 angel investors from India and overseas. The platform enables founders to raise capital from ₹50 lakh to ₹50 crore while offering investors a diversified early-stage portfolio.

About IAN Group

IAN Group is India’s largest horizontal platform for early-stage investments, comprising the IAN Angel Fund, BioAngels, and a series of SEBI-registered Venture Capital Funds, the latest being a US$100mn VC Fund, IAN Alpha Fund. IAN enables entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores, supported by high-quality mentoring by successful entrepreneurs, enabling access to global markets. IAN Group backs founders across domains and helps them scale their companies across India and beyond. Forbes has recognised IAN as one of the most iconic business and economic developments of Independent India over the last 75 years, alongside institutions such as LIC, NASSCOM, the RBI, and Naukri.com.

IAN Angel Fund Invests in Peping, Positioning India’s Functional Soda Brand for Billion-Dollar Potential

IAN Angel Fund, the evergreen fund of IAN Group, has led an INR 2.5 crore funding round in Peping, an FMCG startup building functional beverages for modern Indian consumers. The round also saw participation from other angel investors. The capital will be used to expand distribution, strengthen supply chain capabilities, invest in brand building, and launch new product flavours.

The investors' conviction in Peping is primarily driven by its focus on functional nutrition and demonstrated signs of repeat consumption. The company is positioned at an inflection point in India’s beverage market, particularly within the premium and health-focused segment, valued at around ₹10,000 crore and growing steadily. Functional beverages are among the fastest-growing sub-categories and are expected to cross ₹13,500 crore by 2033, driven by urban Gen Z and millennial consumers seeking healthier alternatives to sugary carbonated drinks.

Founded by Chirag Maheshwari and Prateek Maheshwari, Peping offers low-calorie prebiotic fizzy drinks and probiotic digestive shots designed for daily consumption.

Unlike niche kombucha brands, child-focused probiotic drinks, or clinical capsules, the company aims to create a great-tasting, affordable, and shelf-stable functional soda suited to Indian preferences. Its dual format of sodas for everyday drinking and shots for targeted digestive support allows the brand to address multiple consumption occasions.

Peping is available on Swiggy Instamart, Zepto, BigBasket, First Club, Namdhari’s, Ratnadeep, and over 200 retail outlets across Bengaluru. The brand is also present in gyms, cafés, and corporate offices through catering partnerships. The company has built its production facility using off-the-shelf components and brought soda canning in-house to improve margins and quality control, reflecting a capital-efficient operating approach.

Commenting on the fundraise, Chirag Maheshwari, Co-founder, Peping, said, “We are thrilled to welcome IAN Group on board alongside key co-investors Signal Ventures, Eleven Eleven, and other angels. Beyond sharing our excitement for Peping’s vision, they bring invaluable strategic expertise to accelerate our distribution expansion and strengthen brand presence.”

Chirag Maheshwari oversees production, online sales, and branding, with prior experience across consumer brands. Prateek Maheshwari leads distribution, offline sales, and finance, bringing experience in partnerships and scaling operations. The founders have known each other since childhood and bring complementary strengths across product and distribution, two critical pillars in consumer FMCG.

Functional sodas have already seen strong success globally. In the US, brands like Olipop and Poppi have built billion-dollar outcomes, with growing consumer demand for prebiotic drinks that combine taste and health. With Peping’s foundational strategy of building a scalable FMCG brand in an under-penetrated but critical category, there is strong potential to build a scalable, health-driven brand in India.

In India, the category is still early, but the timing is right. Nearly 70% of urban Indians report digestive concerns, and while probiotic habits exist culturally through foods like curd and kanji, there has been no modern, ready-to-drink format at scale. With the rise of quick commerce, distribution has become faster and more viable for new-age beverage brands.

About Peping

Peping is building the next generation of better-for-you beverages for India, starting with the gut. Its portfolio includes low-calorie prebiotic fizzy drinks and probiotic digestive shots. With a growing presence across online and offline retail channels, Peping is emerging as a brand for everyday tasty and functional beverages.

About IAN Angel Fund

IAN Angel Fund, the evergreen fund of IAN Group, is a SEBI-registered Category I AIF and part of India’s leading early-stage investment platform, which pioneered angel investing in the country. IAN invests through its Angel Fund and venture capital funds, backed by a network of over 250 angel investors from India and overseas. The platform enables founders to raise capital from ₹50 lakh to ₹50 crore while offering investors a diversified early-stage portfolio.

About IAN Group

IAN Group is India’s largest horizontal platform for early-stage investments, comprising the IAN Angel Fund, BioAngels, and a series of SEBI-registered venture capital funds, including the US$100 million IAN Alpha Fund. IAN supports entrepreneurs with capital, mentoring by experienced founders, and access to global markets. Forbes has recognised IAN as one of the most iconic business and economic developments of Independent India over the last 75 years, alongside institutions such as LIC, NASSCOM, the RBI, and Naukri.com.

IAN Group Announces Final Close of its Second VC Fund IAN Alpha Fund with US$100 Mn

IAN Group, the country’s single largest early-stage investment platform, has announced the final close of its 2nd VC Fund - IAN Alpha Fund with US$100 million. The Fund will invest in early-stage companies / MSMEs with strong founders, solving real problems, leveraging technology and innovation, including those aligned to India’s national strategic imperatives. While deep tech remains at the heart of its investment thesis, the IAN Alpha Fund follows a carefully structured risk-mitigation strategy, balancing innovation led long-gestation ventures with shorter-cycle businesses. This approach ensures a high return proposition for investors while enabling the fund to continue supporting frontier technologies that require patient capital and domain expertise.

Since its launch, the Fund has already invested in 10–12 pioneering startups, many of them led by first-generation founders based across India, including Tier II and Tier III cities. These startups are leveraging breakthrough technologies such as AI, space tech, semiconductors, biotech, and are increasingly developing indigenous solutions in healthcare, climate, manufacturing, cybersecurity, environment etc. that align closely with India’s developmental goals.

The investors of the Fund have signalled strong confidence in IAN’s capability and proven track record in identifying and scaling high-potential ventures. The IAN Group is delighted to have an exceptional set of marquee investors, including government investors such as the DPIIT - Fund of Funds for Startups managed by SIDBI, Self Reliant India Fund, ACE Fund, Odisha Startup Growth Fund, and Agri Sure Fund of Funds Scheme managed by Nabventures Ltd., as well as institutional investors including Buimerc Corporation Ltd., Dubai, HDFC Life, DS Group Family Office, National Bank for Agriculture and Rural Development, alongside select family offices and individual investors. Notably, a significant portion of the corpus has been contributed by returning investors, reflecting deep trust and continued conviction in the Group’s vision and performance.

This Fund endorses IAN’s two-decade track record of investing in and growing companies. Its portfolio of 250+ companies today stand at a market valuation of almost $10 billion, in sectors such as space tech, biotech, defence tech, AI/ML, SaaS, robotics, fintech, health tech, manufacturing tech, consumer tech, etc.

Mentorship and strategic guidance, the IAN Group’s hallmark, remain central to the Fund’s philosophy. The company’s founder-first philosophy, extensive industry knowledge, and structured mentorship framework have all been crucial in helping firms grow from concept to scale over the years. By giving entrepreneurs access to top-notch strategic advice, governance support, and market insights, the IAN Alpha Fund carries on this legacy by assisting founders in overcoming difficult obstacles, accelerating innovation, and creating long-lasting, rapidly expanding businesses. The Fund guarantees focused execution and ongoing wealth development across its portfolio, supported by an accomplished leadership and investment team.

Saurabh Srivastava, Co-founder, IAN Group, said, “India's biggest opportunity is to transform its problems into innovation-driven businesses. While the founder is at the centre of IAN Alpha Fund’s thesis, it is critical that technology is leveraged to scale the solution for a large market, both in India and then globally. This fund aims to breed companies that bring a paradigm shift to industry and become global leaders.”

Padmaja Ruparel, Co-founder, IAN Group, said, “The IAN Alpha Fund’s thesis is to invest and breed innovation solving real problems or building for India’s strategic imperatives. The role that the Fund plays is way beyond funding, to bring mentoring, market access, and governance frameworks for these early companies. The Fund focuses on technology innovation by Indians, from India, for India & the globe.”

Chintan Thakkar, Group CEO, IAN Group, said, “IAN’s unique strength is an early-stage investment platform that enables entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores with handholding from domain and industry experts. The IAN Group continues to focus on improving lives, promoting inclusivity, and establish India as a leader worldwide.”

By combining patient capital, mentorship, and strategic partnerships, the IAN Alpha Fund is catalyzing the next generation of founders who are building solutions. Its continued growth marks a defining moment in India’s journey toward becoming a global innovation hub — where every rupee invested helps solve real problems, create jobs, and build national capability.

About IAN Group:

IAN Group is India’s largest horizontal platform for seed and early-stage investments, comprising the IAN Angel Fund, BioAngels, and a series of SEBI-registered venture capital funds. It enables entrepreneurs to raise anywhere from Rs. 50 lakhs to Rs. 50 crores, supported by capital, high-quality mentoring from successful founders, and access to global markets. Sector-agnostic in its approach, IAN Group backs founders across domains and helps them scale their companies across India and beyond. Forbes has recognised IAN as one of the most iconic business and economic developments of Independent India over the last 75 years, alongside institutions such as LIC, NASSCOM, the RBI, and Naukri.com.

IAN Angel Fund Backs Trishul Space’s Harpy-1 Engine in ₹4 Crore Pre-Seed Round

Trishul Team(L-R) Rajat, Aditya, Divyam

Trishul Space, an advanced rocket propulsion startup developing next-generation liquid rocket engines, has secured ₹4 crore in a pre-seed funding round led by the IAN Angel Fund, with participation from 8X Ventures and ITEL. The capital will fund research and testing of advanced turbopump technology, accelerating the development and commercialization of Harpy-1, a high-performance liquid rocket engine for small satellite launch vehicles.

Founded by Aditya Singh, Divyam, and Rajat Choudhary, Trishul Space builds high-performance propulsion systems powered by staged combustion cycles and AI-driven failure detection mechanism.

Building rocket engines is one of the toughest challenges for launch vehicle developers. The process is expensive, time-consuming, and technically complex, often creating a major bottleneck in the space industry. Trishul Space aims to solve this by developing cost-effective, ready-to-use liquid rocket engines that cut down development time, complexity, and cost, targeting both private and government launch vehicle manufacturers.

Rajat Choudhary, Co-founder, Trishul Space, said,

This investment is a strong validation of our vision to build India’s most advanced and reliable rocket propulsion systems. With this support, we aim to accelerate the development and testing of our ‘Harpy-1’ engine, strengthen India’s space launch ecosystem, and move one step closer to making space access faster, affordable, and globally competitive. In addition, IAN’s mentoring and guidance would help us build valuable business.

India’s space sector is shifting from government-led programs to a vibrant private ecosystem. Trishul Space aims to make rocket propulsion more modular and accessible, helping new players build faster and cheaper without starting from scratch, through its modular, plug-and-play reliable system.

By delivering advanced, affordable propulsion solutions, Trishul accelerates development timelines and lowers entry barriers for new and emerging space players. It is strategically positioned in the global small and medium launch vehicle market, projected to cross USD 15 billion by 2030, where propulsion systems account for nearly 30–40 percent of total launch costs.

The IAN Angel Fund’s investment reflects strong investor confidence in India’s space ecosystem and aligns with its focus on deep-tech ventures that help build for India’s strategic imperatives.

About Trishul Space

Trishul Space is a Deep-tech aerospace startup that was founded in 2022 with the goal of creating next-generation rocket engines that are dependable, efficient, and operational. The company specializes in high-performance propulsion systems that use AI-driven failure detection and staged combustion cycles to enable space access quicker, more economical, and competitive on a global scale. Trishul Space, which has its headquarters in Prayagraj, Uttar Pradesh, and operates out of IIT Delhi's R&I Park, provides government and private launch vehicle makers with affordable propulsion solutions, advancing both India's and the world's transition towards a truly spacefaring civilization.

About IAN Group

IAN Group is the country’s single largest seed and early-stage investment platform, comprising IAN Angel Fund, BioAngels, IAN Fund I, and IAN Alpha Fund — enabling entrepreneurs to raise from ₹50 lakhs to ₹50 crores. The platform brings capital, mentoring from successful entrepreneurs, and global market access. It is sector-agnostic and has funded innovative start-ups across 19 sectors in India and 7 other countries, expanding the global footprint of Indian companies. IAN has been listed by Forbes as one of the iconic business and economic events of Independent India over 75 years, alongside LIC, NASSCOM, RBI, and Naukri.com

Fery Rides Raises ~ ₹2 Cr from IAN Angel Fund to Grow India’s 1st Women-Led, Women-Only Mobility Network

Fery Rides, India’s first women-led mobility platform built for women, has raised ₹2.075 crore in a seed funding round led by IAN Angel Fund, part of IAN Group. The round was led by Hari Balasubramanian, Uday Chatterjee, and Sri Prakash. The investment will help the company strengthen its technology platform, scale operations beyond NCR, and onboard more women drivers — referred to on the platform as Sister Partners.

Fery Rides is tackling one of India’s most urgent challenges: the lack of safe and reliable transportation for women. Every day, millions of women across Indian cities travel with anxiety or fear of harassment. The idea for Fery began when co-founder Ajay Kumar saw a close friend being harassed by a ride-hailing driver. That was the moment he realised how unsafe the daily commute had become for women. Together with Vindhya Mehrotra and Himanshu Chaubey, he built the platform to create a service where safety, reliability, and dignity come first.

Fery ensures every ride is operated by trained and verified women drivers and is exclusively used by women passengers. Technology enables easy onboarding, real-time tracking with SOS alerts, and WhatsApp-enabled customer support, through a robust app. Additionally, all vehicles are electric, making the platform both sustainable and inclusive.

Since launching in April 2023, Fery has completed over 65,000 eco-friendly rides, empowered more than 250 women drivers, and crossed 50,000 app downloads. The service currently operates in Gurugram and is preparing to scale across Delhi NCR and other major cities. Fery has partnered with players like Sakha Cabs for airport rides and participated in pilot operations during the Mahakumbh in Prayagraj.

Ajay Kumar, Co-founder & CEO, Fery Rides, said, “This fundraise is more than just capital; it’s a strong validation of our mission to redefine mobility for women in India. With the backing of IAN Group and our mentors, we are ready to scale Fery into a national movement for safer, sustainable, and women-led urban transportation.”

Padmaja Ruparel, Co-founder, IAN Group, said, “Real change happens when innovation meets inclusion. Fery Rides places women at the centre of the solution to one of the biggest challenges — safe mobility. This company has built an innovative solution to a real problem, creating both value and social change. We’re proud to support a team that is redefining transportation through empowerment, technology, and trust.”

Fery’s model is unique because it empowers women on both sides of the ride. It offers commuters a trusted, stress-free way to travel while creating dignified livelihood opportunities for women drivers who are often excluded from the gig economy. These Sister Partners receive training, financial independence, and confidence through their work — and many now serve as role models in their communities.

Beyond the numbers, Fery’s story is deeply human. One early driver, who was once hesitant to even ride in traffic, now completes 20 rides a day and supports her daughter’s dream of becoming an Olympic athlete. Stories like hers reflect the larger mission of building a movement where women support, trust, and uplift one another — through mobility.

About Fery Rides:

Fery Rides is a Gurugram-based mobility platform and India’s first to be built by women, for women. It offers safe and reliable rides operated only by trained and background-verified women drivers, called Sister Partners. By serving both commuters and earners, Fery creates independence, dignity, and trusted connectivity for women. With features like real-time tracking, SOS alerts, and WhatsApp support, it is redefining how women move through cities.

About IAN Group:

IAN Group is the country’s single largest seed and early-stage investment platform, comprising IAN Angel Fund, BioAngels, IAN Fund I, and IAN Alpha Fund — enabling entrepreneurs to raise from ₹50 lakhs to ₹50 crores. The platform brings capital, mentoring from successful entrepreneurs, and global market access. It is sector-agnostic and has funded innovative start-ups across 19 sectors in India and 7 other countries, expanding the global footprint of Indian companies. IAN has been listed by Forbes as one of the iconic business and economic events of Independent India over 75 years, alongside LIC, NASSCOM, RBI, and Naukri.com.

IAN Angel Fund Leads ₹4 Crore Seed Round in Famyo to Build India’s Smiggle and LEGO Equivalent

Famyo, a kids’ lifestyle brand that transforms everyday essentials into cool collectibles, has raised ₹4 crore in a seed funding round led by IAN Angel Fund, with participation from Shivali Vij, Deepank Kumar, Pratik Mathurkar, and Uday Sodhi as lead investors. Chennai Angels, Stoffer Norden also co-invested.

Famyo is a Bengaluru-based kids’ lifestyle brand that turns everyday essentials into cool collectibles led by kids' favourite characters. When children crave fun and parents demand safety, Famyo delivers on both. Its glow-in-the-dark blankets, adventure-ready poncho towels, and character-themed accessories blend playful design with premium materials. From character creation and seasonal drops to character-led storytelling, the company oversees every step, reimagining everyday kid essentials like blankets, towels, pouches, and school gear into premium, design-first collectibles rooted in characters and themes that resonate with Indian children.

Famyo, co-founded by Karishma Seetharaman and Ritvik Raj, is India's answer to global favorites like Smiggle and LEGO, one theme at a time.

Famyo has already crossed an ARR of over ₹12 crores, is growing at 40% quarter-on-quarter, and demonstrating strong emotional resonance with both kids and parents.

Drawing on prior entrepreneurial success in scaling a traditional retail family business through an extensive offline distribution network, Karishma Seetharaman leverages deep expertise in supply chains, retail dynamics, and product–market fit to drive Famyo’s rapid execution and growth.