# Nepean Capital

> Nepean Capital is a VC fund in Mumbai backing Information Technology and Software. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 7
- Last investment: Jul 2024
- Lead investor: 0%
- Last updated: Aug 2026

Nepean Capital is a VC fund in Mumbai focused on Information Technology and Software. Nepean Capital, headquartered in Mumbai, manages Funds that invest in Public & Private markets in India. The funds are structured as Alternative Investment Funds (AIF) Category II & III registered with the Securities and Exchange Board of India (SEBI).

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 3 | 43% |
| Software | 2 | 29% |
| Health Care | 2 | 29% |
| Renewable Energy | 2 | 29% |
| Artificial Intelligence | 2 | 29% |

21 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Post-IPO Equity | 3 | 43% |
| Venture - Series Unknown | 2 | 29% |
| Pre-Seed | 1 | 14% |
| Series B | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Infiheal | Infiheal’s Healo is a multilingual AI mental health companion built on responsible AI principles and co-designed with therapists, psychiatrists, and doctors. Operating at the intersection of AI, healthcare, and social impact, Healo addresses the mental healthcare access gap faced by millions worldwide through safe, affordable, and culturallygrounded support.The platform is powered by a psychology-first AI foundation model trained on therapist-developed datasets, enabling evidence-based and culturally aligned understanding of emotions, family dynamics, stigma, and socio-economic stressors.Healo currently supports over 850K+ users as a 24x7 first line of care, delivering emotional support in 93+ languages through voice-based and low-literacy user experiences. It also functions as a clinical risk triage system, connecting high-risk users to psychologists and expanding access in remote regions.Its three-layer safety architecture detects distress and clinical risk, while a human-in-the-loop framework escalates severe cases to therapists or helplines in compliance with HIPAA, CDSCO, and ISO 27001 standards. Unlike generic chatbots, Healo integrates AI-driven support with human clinical oversight to deliver personalized, stigma-free mental healthcare at scale.Infiheal has been lauded by Prime Minister Narendra Modi on the 108th Mann Ki Baat. The founder was invited to speak at the World Economic Forum, Davos 2026. Awards include the World Economic Forum Asia’s Demographic Challenge (Top 10), UNDP National Innovation Challenge 2025, IBM–NASSCOM AI Award, CNBC Optum HealthX 2025, Best Assistive Technology Startup 2024 (Government of Karnataka), and the TiE Matrix Award 2025. It has been featured in Forbes Top 100 Startups and presented at TEDx. | $600K | Pre-Seed | Jul 01, 2024 |  |
| Inoxwind | The Inox Group is a $2 billion, professionally managed business group with diverse business interests including industrial gases, refrigerants, chemicals, engineering plastics, cryogenic engineering, renewable energy and entertainment. The Inox Group includes two listed companies (Gujarat Fluorochemicals Limited and Inox Leisure Limited) and ajoint venture (Inox Air Products Limited) with a global giant, a Fortune 500 company – Air Products & Chemicals Inc. The Inox group employs more than 8000 people at more than 100 business units across India, with the distribution network spread across more than 50 countries around the world. | $108.2M | Post-IPO Equity | May 28, 2024 |  |
| Zupee | Zupee is a game publisher specializing in online skill-based games and gamification for learning and skilling. | $72M | Series B | Jan 05, 2022 |  |
| Sterling and Wilson Renewable Energy | Sterling and Wilson Renewable Energy is a provider of renewable engineering, procurement and construction (EPC) solutions. | $377.8M | Post-IPO Equity | Oct 10, 2021 |  |
| KareXpert Technologies Pvt. Ltd. | KareXpert is a designing technology platform with a Patient centric approach to make “Patient Continuity” a reality in Indian Healthcare. We are the only technology to design patented “Advanced Health Cloud Technology Stack” which connects Patients with all the care Providers -Hospitals, Nursing homes, Clinics, Doctors, Pharmacy shops, Diagnosticlabs, Imaging Center, Blood Bank, Organ Bank, and Ambulance. Our Innovative Solutions are compatible to run on any Smart device-Mobile, Tablet, Laptop, Desktop via Mobile App & Web App. |  | Venture - Series Unknown | Jan 01, 2021 |  |
| RateGain | RateGain is a software company that offers hospitality and travel technology solutions for hotels, airlines, tour operators, and more. The company is helping customers around the world to streamline their operations and sales.Since its inception in 2004, RateGain’s expertise in innovating solutions for the dynamic travel ecosystem has resulted incontinuous growth and an established position as a thought leader and trendsetter in the marketplace. | $15M | Venture - Series Unknown | Aug 14, 2020 |  |
| Piramal Group | Piramal Group is a diversified conglomerate with operational presence in pharma, financial services, information management and real estate. | $490M | Post-IPO Equity | Jun 27, 2020 |  |

7 of 7 investments shown.

## Co-investors
- [The Carlyle Group](https://shizune.co/investors/profile/the-carlyle-group) — VC Fund, 2 deals together
- [AJ Capital](https://shizune.co/investors/profile/aj-capital) — VC Fund, 1 deal together
- [Avataar Venture Partners](https://shizune.co/investors/profile/avataar-venture-partners) — VC Fund, 1 deal together
- Inox Wind Energy — VC Fund, 1 deal together
- [Z47](https://shizune.co/investors/profile/matrix-partners-india) — VC Fund, 1 deal together
- [Orios Venture Partners](https://shizune.co/investors/profile/orios-venture-partners) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [RA Capital Management](https://shizune.co/investors/profile/ra-capital-management) — VC Fund
- [KB Securities](https://shizune.co/investors/profile/kb-securities) — VC Fund
- [Frazier Healthcare Partners](https://shizune.co/investors/profile/frazier-healthcare-ventures) — VC Fund

## FAQ

### What does Nepean Capital invest in?

Nepean Capital invests primarily in Information Technology, Software and Health Care startups, most often at Post-IPO Equity and Venture - Series Unknown stage. Most of the 7 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Nepean Capital last invest?

The most recent investment recorded for Nepean Capital closed in Jul 2024. Shizune tracks 7 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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