# Elara India Opportunities Fund

> Elara India Opportunities Fund is a VC fund in Mumbai backing Transportation and Travel. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 4
- Last investment: Jan 2024
- Lead investor: 25%
- Last updated: Aug 2026

Elara India Opportunities Fund is an investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Transportation | 2 | 50% |
| Travel | 1 | 25% |
| Delivery | 1 | 25% |
| Payments | 1 | 25% |
| Aerospace | 1 | 25% |

11 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 25% |
| Pre-Seed | 1 | 25% |
| Funding Round | 1 | 25% |
| Post-IPO Equity | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SpiceJet | SpiceJet is India’s preferred airline, with 18.5% market share in Indian domestic market, delivering the lowest air fares with the highest consumer value.The city of Agartala, Ahmedabad, Allahabad, Amritsar, Aurangabad, Bagdogra, Belgaum, Bengaluru, Bhopal, Chandigarh, Chennai, Coimbatore, Dehradun, Delhi, Goa, Guwahati, Hubli, Hyderabad,Indore, Jabalpur, Jaipur, Jammu, Kochi, Kolkata, Kozhikode, Lucknow, Madurai, Mangalore, Mumbai, Mysore, Nanded, Pondicherry, Port Blair, Pune, Rajahmundry, Srinagar, Surat, Thiruvananthapuram, Tiruchirapalli (Trichy), Tirupati, Tuticorin, Udaipur, Varanasi, Vijayawada, Visakhapatnam and 8 international destinations namely Dubai, Colombo, Guangzhou Kabul, Kathmandu, Malé, Riyadh and Sharjah are connected using our new generation fleet of 36 Boeing 737-800/ 900ER aircrafts which are of the highest standard in safety and operating efficiency along with our newly acquired 15 Bombardier Q400 aircraft for enhancing connectivity to Tier II and Tier III cities.SpiceJet MAX:When you are booking your ticket choose SpiceJet MAX and avail fabulous benefits:1) Priority Check-in2) Seat Selection3) Complimentary Meal4) Priority Baggage DeliverySpiceJet Holidays:With our holiday packages, you can customize your vacations according to your plans and add sightseeing excursions or a guided trek or any of our other optional add-ons in your itinerary | $89.5M | Post-IPO Equity | Jan 25, 2024 |  |
| Zaggle | Zaggle is an award-winning digital payments, cashback and analytics company. The company help corporates and individuals enjoy gifts and experiences across multiple channels everyday; in the form of employee rewards and recognition, channel partner incentives, employee benefits, online shopping cash back and restaurant cash back. | $30.6M |  | Sep 13, 2023 |  |
| Hackle | Hackle operates as a logistics and distribution network. | $1.2M | Pre-Seed | Sep 22, 2022 |  |
| Pescafresh | Pescafresh is a seafood distribution and retailing company that delivers fresh and customized seafood to the doorstep of all its consumers. It is dedicated to serving every customer with fresh seafood that are FSSAI approved and follow HACCP principles.The company was driven by a mission to provide seafood aficionados with the flavor of freshnessright to their doorstep. Pescafresh is a culmination of a passion for seafood with the staunch belief that "What you eat is who you are".Pescafresh was founded in 2004 and is headquartered in Mumbai, Maharashtra. | $2M | Seed | Apr 19, 2022 |  |

4 of 4 investments shown.

## Co-investors
- [Abakkus](https://shizune.co/investors/profile/abakkus) — VC Fund, 1 deal together
- [Ananta Capital](https://shizune.co/investors/profile/ananta-capital) — VC Fund, 1 deal together
- Aries Opportunities Fund — VC Fund, 1 deal together
- Astone Partners — VC Fund, 1 deal together
- [Callapina Capital](https://shizune.co/investors/profile/callapina-capital) — VC Fund, 1 deal together
- Copthall Mauritius Investment — 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 Elara India Opportunities Fund invest in?

Elara India Opportunities Fund invests primarily in Transportation, Travel and Delivery startups, most often at Seed and Pre-Seed stage. Most of the 4 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Elara India Opportunities Fund last invest?

The most recent investment recorded for Elara India Opportunities Fund closed in Jan 2024. Shizune tracks 4 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.

# 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