# Iron Pillar

> Iron Pillar is a VC fund in Mumbai backing E-Commerce and SaaS. See 43 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 43
- Last investment: Sep 2025
- Lead investor: 49%
- Fund size: $10M
- Last fund: Jul 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/iron-pillar-capital-management-ltd/
- X (Twitter): https://twitter.com/ironpillarfund
- Website: https://www.ironpillarfund.com/

Iron Pillar is a venture growth investor focused on mid stage technology investments in India. They back proven and innovative companies in the Consumer Tech and Enterprise Tech sectors, post a Series A round of venture capital funding. Headquartered in Mumbai, with a presence in Mauritius, Palo Alto, Shanghai and Singapore, the 6-member IronPillar founding team brings 100+ years of combined experience and directly relevant and complementary skill sets in venture investing, M&A/investment banking, operations and technology.They actively partner with technology entrepreneurs and early stage investors to support companies by leveraging Their experience and networks in India, the U.S. and China/Asia.

## Contacts

5 contacts available for Iron Pillar. Shizune tracks 8 team members at Iron Pillar. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ironpillar?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $5M–$70M |
| Series C | $1.7M–$51M |
| Series D | $18M–$140M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 5 | 12% |
| SaaS | 4 | 9% |
| Software | 4 | 9% |
| Machine Learning | 3 | 7% |
| Consumer Electronics | 3 | 7% |

60 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 10 | 23% |
| Series C | 8 | 19% |
| Series D | 5 | 12% |
| Series A | 3 | 7% |
| Funding Round | 2 | 5% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 14 | 33% |
| United States | 6 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Abhijit Gupta | Entrepreneur In Residence | 1 | https://shizune.co/investors/profile/abhijit-gupta-2 |
| Anand Prasanna | Managing Partner | 11 | https://shizune.co/investors/profile/anand-prasanna |
| Ashok Ananthakrishnan | Partner | 3 | https://shizune.co/investors/profile/ashok-ananthakrishnan |
| Devavrat Jatia | Vice President | 5 | https://shizune.co/investors/profile/devavrat-jatia |
| Mohanjit Jolly | Partner | 16 | https://shizune.co/investors/profile/mohanjit-jolly |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Chakr Innovation | Chakr Innovation is a material science startup that develops cleantech products for diesel generators that reduce emissions. Its devices use advanced retrofit emission control technology and IoT-enabled monitoring systems to convert diesel pollution into cleaner air and make energy production sustainable and environmentally friendly. It also allowsindustries to focus on material science technology specifically geared toward air quality enhancement. | $23M | Series C | Sep 22, 2025 |  |
| Flipspaces | Flipspaces is a Virtual- Reality-Tech-based design and contracting venture that aims at disrupting the way consumers design and execute the interiors of their spaces. At the core of the venture is a path-breaking technology product which gamifies the interior- designing experience for the consumer putting the control of interior-design in the handsof the consumer. Combined with our contracting arm which consists of our own product manufacturing capabilities and curated vendors network, we come in as end-to-end design to execution partner for companies looking to build their office, builders looking to differentiate their residential or commercial projects or players in the managed working space market. | $50M | Series C | Sep 08, 2025 |  |
| ToneTag | ToneTag is an integrated library (sdk) that allows easy, frictionless, and secure proximity payments using sound (Tone) or NFC (Tag).Depending upon user device and retail pos hardware, mobile application can toggle to initiate in-store purchases using sound or NFC.It works on any mobile device and no internet is required on user device at timeof initiating payment. | $78M | Series B | Feb 11, 2025 |  |
| Curefoods | Curefoods democratizes access to food on a sustainable basis. They focus on operations management for cloud kitchens and the online food ordering market. | $40M | Series D | Dec 18, 2024 |  |
| Fold Health | To build modern, seamless, consumer-friendly services that your practice can deliver without the added administrative hassles, Fold Health combines existing investments in people and resources.Fold is here to help you expand and enhance your healthcare business virtually. Through the coordination of the people, technology, and events that drivecare campaigns, the company's platform assists you in designing, providing, and carrying them out.Fold Health was established in November, 2021 in San Francisco, California. | $6M | Seed | Jul 12, 2023 |  |
| Pando | Pando provides an open-market, freight management platform which digitizes logistics operations.Its vision is to ease and enable commerce, through digital deliveries. Pando aims to increase efficiencies in the delivery ecosystem of traditional enterprises, through the introduction of advanced connectivity of and data sharing between devices,information systems, services, and stakeholders by building a network of digital delivery stakeholders on a single platform interface which users, and companies to digitize information, transactions, communication, and documentation across the board.Pando was founded in 2015 and is based in Chennai. | $30M | Series B | May 03, 2023 |  |
| Curefoods | Curefoods democratizes access to food on a sustainable basis. They focus on operations management for cloud kitchens and the online food ordering market. |  | Debt Financing | Apr 06, 2023 |  |
| Curefoods | Curefoods democratizes access to food on a sustainable basis. They focus on operations management for cloud kitchens and the online food ordering market. |  | Debt Financing | Apr 06, 2023 |  |
| Curefoods | Curefoods democratizes access to food on a sustainable basis. They focus on operations management for cloud kitchens and the online food ordering market. | $36.7M | Series D | Apr 06, 2023 |  |
| Curefoods | Curefoods democratizes access to food on a sustainable basis. They focus on operations management for cloud kitchens and the online food ordering market. | $36.7M | Series D | Apr 06, 2023 |  |

10 of 43 investments shown.

## Co-investors
- [Chiratae Ventures](https://shizune.co/investors/profile/idg-ventures) — VC Fund, 9 deals together
- [Three State capital](https://shizune.co/investors/profile/three-state-capital) — VC Fund, 7 deals together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 6 deals together
- [Winter Capital](https://shizune.co/investors/profile/winter-capital) — VC Fund, 6 deals together
- [Aflac Global Ventures](https://shizune.co/investors/profile/aflac-corporate-ventures) — VC Fund, 4 deals together
- [Blume Ventures](https://shizune.co/investors/profile/blume-ventures) — VC Fund, 4 deals together

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## FAQ

### What does Iron Pillar invest in?

Iron Pillar invests primarily in E-Commerce, SaaS and Software startups, most often at Series B and Series C stage. Most of the 43 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Iron Pillar's check size?

Iron Pillar typically joins rounds of $5M–$70M at Series B, $1.7M–$51M at Series C and $18M–$140M at Series D. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Iron Pillar participates in.

### How do I contact Iron Pillar?

Public channels for Iron Pillar include LinkedIn, X (Twitter) and the website linked on this profile. 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.

### Who are the partners at Iron Pillar?

The team at Iron Pillar includes Abhijit Gupta (Entrepreneur In Residence), Anand Prasanna (Managing Partner) and Ashok Ananthakrishnan (Partner), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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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