# 23 High Networth Individuals (HNIs)

> 23 High Networth Individuals (HNIs) is a VC fund backing E-Commerce, B2B and SaaS. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 5
- Last investment: Oct 2020
- Lead investor: 40%
- Last updated: Aug 2026

23 High Networth Individuals (HNIs) is a VC fund focused on E-Commerce and B2B. 23 High Networth Individuals (HNIs).

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 2 | 40% |
| B2B | 1 | 20% |
| SaaS | 1 | 20% |
| Retail | 1 | 20% |
| Sports | 1 | 20% |

19 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 40% |
| Angel | 1 | 20% |
| Series B | 1 | 20% |
| Funding Round | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Jumbotail | Jumbotail is an operator of an online marketplace that simplifies food and grocery shopping.Jumbotail is a VC funded startup building an online marketplace for food and grocery, targeted at wholesale buyers. It also operates a marketplace that connects tens of thousands of these Kirana stores with brands and traders. The company offers a wholesuite of services including supply chain logistics, a mobile app for placing orders, integration with point-and-sales devices, and credit solutions to shop owners that can’t easily get a loan from banks.They offer a wide selection of high-quality staples, homecare, packaged foods, and personal care products from all the leading brands, and staples producers. Their vision is to organize the food and grocery ecosystem in India using technology, data science, and design. They are building products, platforms, and services for the next billion people of India, who have fundamentally different needs - access, language, selection, supply chain, financial, cultural, and the like. Their market potential is huge - in the order of hundreds of billions of dollars. They have a strong core team consisting of alumni from Stanford, CMU, IIT, BITS, etc. having several years of industry experience in companies like Amazon, Flipkart, eBay, BCG, Housing, and Grofers.They are reimagining and reengineering the food and grocery ecosystem through intelligent technology, intuitive design, and innovative business and supply chain models. They are a passionate team driven by their sense of purpose to solve a critical real-world problem. Each team member will have significant ownership of key components that go into the next-generation e-commerce, supply chain, demand generation, and credit technology platforms and services that they are building. | $11M | Series B | Oct 24, 2020 |  |
| Grinntech | Founded in early 2013 and incubated at the prestigious IIT-Madras incubation cell in 2017, Grinntech Motors & Services Pvt. Ltd. is India’s leading lithium-ion based battery solutions provider. The name Grinntech stands for Green Innovation with technology across multiple high-impact application areas. Envisioned and led by two IIT Rookeealumni, Nikhilesh Mishra and Puneet Jain, Grinntech’s edge lies in R&D driven solutions that are designed and developed to ease and quicken market adoption. Our innovation is fueled by the strong belief that smart energy storage systems will be the foundation of how we use energy in the future and will drive product development upstream. Our mission is to create a more sustainable future by transforming the way we power our world. At Grinntech we build intelligent products based on our cutting edge R&D to overcome the obstacles that stand in the way of modernizing our energy networks.Grinntech develops thermal designs, robust mechanical designs, ultra-safe electronic hardware and software, electrical safety systems and complete overall assembly of the battery packs for stationary and automotive (fixed as well as swappable) applications. In-house technology enables domestic mass production of high quality, affordable, smart and connected lithium battery packs for various applications. Grinntech’s modular battery technology provides lithium battery packs with voltage range from 48V to 1100V and any required energy capacity with various connectivity options like CAN, GPRS, BLE etc. without compromising on safety requirements.Grinntech also provides technology-driven solutions for battery swapping addressing the challenges of range limits & anxiety. | $2M | Angel | Aug 28, 2020 |  |
| illumnus | With the vision of transforming education, illumnus is an Education Technology startup from IIT Bombay & BITS Pilani alumni. The core product is a B2B SaaS-based collaborative Learning Management System for Universities/Schools to enhance the pedagogy and personalized learning experience using ML.illumnus Collaborative LearningManagement System (C-LMS) enables premier schools and universities with their internal digital learning network, simplifying the communication flow among the students and teachers even after school hours. | $100K | Seed | May 20, 2020 |  |
| Tjori | Imbibing cultural and traditional crafts from around the globe, Tjori is a platform for treasured designs across apparel, footwear, bags, decor, and jewelry. In keeping with the essence of our brand, we also offer a range of organic and ayurvedic skin care products, using secrets whispered through generations. Tjori has become an integral part ofthe everyday lifestyle of modern contemporary women in India. We design and craft all our products in a range of aesthetics and fabrics, enabling our customers to experience handmade goodness and create a statement unique to their style. Our vision is to bring together traditional crafts and modern designs, creating contemporary products that are one-of-a-kind. Working closely with designers and artisans, we pride ourselves on our attention to detail and quality, providing only the best for our niche' and valued customers. We passionately infuse quality and comfort into everything we create. | $700K | Seed | Aug 13, 2019 |  |
| SMAAASH | SMAAASH is a sports-centric immersive and interactive entertainment center offering a mix of active and passive entertainment and innovative games. | $4.8M |  | Mar 29, 2018 |  |

5 of 5 investments shown.

## Co-investors
- [Nexus Venture Partners](https://shizune.co/investors/profile/nexus-venture-partners) — VC Fund, 2 deals together
- [Heron Rock Fund](https://shizune.co/investors/profile/heron-rock-fund) — VC Fund, 1 deal together
- [Jumbofund](https://shizune.co/investors/profile/jumbofund) — VC Fund, 1 deal together
- [McKinsey & Company](https://shizune.co/investors/profile/mckinsey-company) — VC Fund, 1 deal together
- [Pimpernel Holdings](https://shizune.co/investors/profile/pimpernel-holdings) — VC Fund, 1 deal together
- [Reaction](https://shizune.co/investors/profile/reaction-fund) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does 23 High Networth Individuals (HNIs) invest in?

23 High Networth Individuals (HNIs) invests primarily in E-Commerce, B2B and SaaS startups, most often at Seed and Angel stage. Most of the 5 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did 23 High Networth Individuals (HNIs) last invest?

The most recent investment recorded for 23 High Networth Individuals (HNIs) closed in Oct 2020. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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