# Ajay Relan

> Ajay Relan is a seed investor at Citi backing Video and Medical. See 6 investments, round sizes, portfolio and contact details. Updated Oct 2026.

- Type: Angel Investor
- Fund: [Citi](https://shizune.co/investors/profile/citigroup)
- Total investments: 6
- Last investment: Jul 2018
- Lead investor: 83%
- Last updated: Oct 2026

Ajay Relan is a seed investor at Citi focused on Video and Medical. Prior to co-founding the Investment Advisor and serving as its Managing Partner till December 2015, Mr. Relan was the head of CVCI in India, a position that he held since the inception of that business in India in 1995. Prior to this, Mr. Relan worked with several financial firms in multiple geographies, starting with Citi in 1976 and eventuallybecoming the CEO of a Citi-affiliated brokerage firm, Citicorp Securities & Investments Limited. Mr. Relan has served on the boards of the following Fund 1 portfolio companies — Thyrocare, Nueclear, SIS, Monnet and NTL. Previously, Mr. Relan served on the boards of several CVCI portfolio companies, such as Suzlon, HT Media, Yes Bank, i-FLEX and Progeon, among others. Mr. Relan earned a Master of Business Administration (MBA) from the Indian Institute of Management, Ahmedabad and a B.A. degree in Economics from St. Stephen's College, Delhi University, where he achieved the top rank in the University.

## Contacts

5 contacts available for Ajay Relan: work email, personal email, work phone, personal phone and socials. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-email/ajay-relan-c295?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Video | 1 | 17% |
| Medical | 1 | 17% |
| Catering | 1 | 17% |
| Internet | 1 | 17% |
| Security | 1 | 17% |

17 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 33% |
| Series B | 1 | 17% |
| Private Equity | 1 | 17% |
| Corporate Round | 1 | 17% |
| Venture - Series Unknown | 1 | 17% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 5 | 83% |
| United States | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Biryani By Kilo | Biryani By Kilo offers a variety of biryani options, including Hyderabadi, Lucknowi, and Kolkata styles, alongside a selection of kebabs and meal combos. Customers can conveniently place orders online for their favorite dishes, ensuring a seamless dining experience. The company emphasizes authentic flavors and traditional recipes, appealing tobiryani enthusiasts. Biryani By Kilo focuses on expanding its presence and enhancing the accessibility of biryani as a complete meal choice. | $1M | Seed | Jul 02, 2018 | http://biryanibykilo.com/ |
| Picture TIme | PictureTime is a digital mobile movie theatre. It is the first digital mobile cinema, displaying the most recent films, educational programs, and interactive governance engagements in rural and Tier 3 cities. | $3.8M | Seed | Mar 08, 2018 | http://picturetime.in/ |
| Rentickle | We know the effort it takes to find the perfect rented house to stay in a new city. And also know that turning it into a home isn't one bit easy. That is why we created Rentickle - a one stop shop for easily renting furniture, appliances and other home furnishing essentials. With a range of high-quality stylish products to choose from at veryaffordable prices, you will never want to buy second-hand goods again! | $4M | Venture - Series Unknown | Dec 04, 2017 | https://www.rentickle.com/ |
| Security & Intelligence Services | Security and Intelligence Services (India) Limited provides private security and facility management services in India and Australia. They offers cash logistics; security services, including manned guarding, cash logistics, and electronic security; and facility management services, such as mechanized cleaning, and pest and termite control services.SiS servers customers that operate in various industries and sectors, which include banking and financial services, IT/ITeS and telecom, automobile, steel and heavy industries, governmental undertakings, hospitality and real estate, utilities, educational institutions, healthcare, consumer goods, engineering, and construction. | $31.4M | Private Equity | Jan 01, 2013 | http://www.sisindia.com |
| Unimark Remedies | Unimark Remedies is a healthcare company, develops and manufactures generic medicines in various therapeutic segments. It offers medicines in the areas of respiratory, cardiovascular, anti-infective, and central nervous system. The company also provides healthcare products, such as diagnostics, devices, finished formulations, cosmeceuticals, animalhealthcare products, and active pharmaceutical ingredients. |  | Corporate Round |  | https://unimarkremedies.com/ |
| Daksh eServices | Daksh eServices is an Indian outsourcing company which offers a range of web enabled customer care services including email response, real-time chat, knowledge management, eCRM architecture and other value added services to global eBusiness.The Daksh vision statement reads "To help eBusiness build exceptional customer relationships byleveraging India's high quality, cost effective intellectual capital ". To realize this vision, Daksh has built a world-class management team drawn from senior professionals at Compaq, Motorola, Andersen Consulting, Pepsi & Hewitt Associates. The team has a collective experience of over 100 man-years in running world-class service operations in an Indian environment and in transitioning business processes from the US to India. |  | Series B |  | http://www.daksh.com |

6 of 6 investments shown.

## Co-investors
- [ThinKuvate](https://shizune.co/investors/profile/thinkuvate) — VC Fund, 2 deals together

## About Citi

VC Fund · New York, United States

Citigroup is a financial services holding company that provides financial products and services.The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, andCiti retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

5 contacts available at Citi.

| Name | Title | Profile |
| --- | --- | --- |
| Alberto Cribiore | Vice Chairman | https://shizune.co/investors/profile/alberto-cribiore |
| Brian Marshall | Global Co-Head of Software Investment banking | https://shizune.co/investors/profile/brian-marshall |
| Charles-Henri Filippi | Chairman of the Board of Directors - Citigroup France | https://shizune.co/investors/profile/charles-henri-filippi |
| Christa Williams | SVP and Investing Principal | https://shizune.co/investors/profile/christa-williams-20a6 |
| Emre Karter | Managing Director, Citi Country Officer, Turkey | https://shizune.co/investors/profile/emre-karter |

## Similar investors

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

## FAQ

### What does Ajay Relan invest in?

Ajay Relan invests primarily in Video, Medical and Catering startups, most often at Seed and Series B stage. Most of the 6 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Ajay Relan?

For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### When did Ajay Relan last invest?

The most recent investment recorded for Ajay Relan closed in Jul 2018. Shizune tracks 6 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co