# Ranjan Pai

> Ranjan Pai is a seed investor at Manipal Group backing Mobile Apps and Financial Services. See 14 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Manipal Group](https://shizune.co/investors/profile/manipal-group)
- Location: Bangalore, India
- Total investments: 14
- Last investment: Sep 2025
- Lead investor: 43%
- Last updated: Aug 2026

Ranjan Pai is a Co-Founder and serves as Partner at Aarin Capital Partners.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $402k–$4M |
| Series A | $484k–$12M |
| Venture - Series Unknown | $28M–$33M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mobile Apps | 3 | 21% |
| Financial Services | 3 | 21% |
| FinTech | 2 | 14% |
| Finance | 2 | 14% |
| Internet | 2 | 14% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 29% |
| Series A | 3 | 21% |
| Venture - Series Unknown | 2 | 14% |
| Pre-Seed | 1 | 7% |
| Series B | 1 | 7% |

7 stages tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| InCred Money | InCred Money offers a comprehensive platform for investing in high-interest financial products, including Fixed Deposits, Bonds, and Market Linked Debentures (MLDs) with a focus on providing options that come with principal protection. The platform caters to investors looking for intelligent investment solutions with regulated returns ranging from10-12% p.a. on Bonds to up to 9.10% p.a. on Fixed Deposits. InCred Money emphasizes the importance of diversification and liquidity, allowing investments to start from a minimum of ₹5,000. The company also facilitates investments in various alternate investment opportunities through partnerships with third-party platforms, ensuring a broad spectrum of options for investors seeking to optimize their portfolios. In addition to investment services, InCred Money offers educational resources, including investment masterclasses, to empower investors with the knowledge to make informed decisions. | $28.4M | Venture - Series Unknown | Sep 16, 2025 |  |
| NewSpace | NewSpace is a Aerospace Research and Technologies Industry, It designs and develops Persistent Drones for Earth Observation and Communications. | $33M | Venture - Series Unknown | Mar 01, 2024 |  |
| InCred | InCred is a financial services platform that leverages technology and data-science to make lending quick and easy. It uses technology and data-science to make lending quick, simple and hassle-free. InCred offers a broad portfolio of products that cuts across affordable home loans, personal loans, education loans and SME business loans. | $60M | Series D | Nov 09, 2023 |  |
| BlueStone | BlueStone offers a diverse collection of jewellery, featuring designs in gold, diamond, and platinum. The company provides options for various occasions, catering to different customer preferences. BlueStone also introduces a flexible financing plan known as the Gold Mine 10+1 Plan, which allows customers to purchase jewellery through monthlyinstallments. This plan includes a discount on the final installment, making it accessible for a wider audience. The emphasis is on creating unique and contemporary designs that appeal to modern consumers. Overall, BlueStone focuses on delivering an extensive range of jewellery choices to meet the needs of its customers. | $65.2M |  | Sep 23, 2023 |  |
| HerKey (formerly JobsForHer) | HerKey (formerly JobsForHer) is India’s largest career engagement platform that unlocks opportunities, learning, and communities for women in India by connecting them with career champions.HerKey has been at the forefront of developing scalable solutions to increase women's participation in the Indian workforce. Incepted in 2015, HerKey(formerly JobsForHer) works with over 10,000 companies across India that prioritize diversity and inclusion and has assisted them in engaging with and recruiting women. HerKey is dedicated to promoting the professional development of women in their careers. The platform connects women with the right jobs across levels, provides learning opportunities to enable them to upskill and reskill, and provides mentorship to women wanting to start, restart, or advance in their professions. The company's vision is to enable women to realize their full potential by connecting them with the right opportunities, learning, and communities.HerKey has grown to service over 3.5 million women across India and plans to scale to power 30 million women’s careers in India.HerKey seeks to be the dependable companion for every woman on her career journey, enabling her growth, opening up opportunities, creating meaningful engagement, and facilitating her career journey – onwards & upwards.HerKey - Your Career Companion at Every Phase of Life Because we understand that a woman’s career journey traverses through life phases. Opportunities \| Learning \| Communities | $4M | Seed | Apr 26, 2023 |  |
| Meolaa | The Meolaa platform will be powered by an innovative, experience-driven approach that will bridge the gap between sustainability and lifestyle. |  | Seed | Apr 18, 2023 |  |
| Meolaa | The Meolaa platform will be powered by an innovative, experience-driven approach that will bridge the gap between sustainability and lifestyle. | $165K | Pre-Seed | Apr 18, 2023 |  |
| GoalTeller | GoalTeller create your own 24/7 smart financial advisor and prosperity planner. | $401.8K | Seed | Feb 07, 2022 |  |
| G.O.A.T Brand Labs | G.O.A.T Brand Labs is a specialized investment firm with a special focus on the fashion and retail industry. | $483.6K | Series A | Jul 25, 2021 |  |
| GoalTeller | GoalTeller create your own 24/7 smart financial advisor and prosperity planner. |  | Seed | Apr 22, 2021 |  |

10 of 14 investments shown.

## Co-investors
- [360 ONE Asset](https://shizune.co/investors/profile/iifl-asset-management) — VC Fund, 2 deals together
- [Better Capital](https://shizune.co/investors/profile/better-capital-e839) — VC Fund, 1 deal together
- [Cornerstone Venture Partners](https://shizune.co/investors/profile/cornerstone-venture-partners) — VC Fund, 1 deal together
- [Flipkart](https://shizune.co/investors/profile/flipkart) — VC Fund, 1 deal together
- [Fresco Capital](https://shizune.co/investors/profile/fresco-capital-advisors) — VC Fund, 1 deal together
- [Growth Story](https://shizune.co/investors/profile/growthstory) — VC Fund, 1 deal together

## About Manipal Group

VC Fund · Bangalore, India

Manipal Group provides education and healthcare services in India and internationally through its subsidiaries.Manipal has been imparting world class education for over six decades.Manipal Acunova Pvt. Ltd. is a collaborative venture between the Manipal Education and Medical Group International India Pvt. Ltd. and AcuNova Ltd. They are alsoproud of their Stem Cell Research Programme.Manipal Healthcare manages 11 hospitals including 8 teaching hospitals, making it Asia’s largest healthcare management group.Manipal Cure & Care is a healthcare retail venture of Manipal group. Manipal cure and Care endeavors to establish Health & Wellness zones which focus on Wellness, Preventive, and Beauty. MNE Technologies Pvt. Ltd. is the only Asian group of company solely dedicated to providing integrated biomedical equipment maintenance and management and started its operations in India in the year 2000 following in-depth market analysis and customer surveys.The Manipal Foundation has been providing challenging global opportunities in Education & Healthcare to committed,talented and needy youth,besides preserving and promoting culture and traditions that make for a wholesome community. It fulfills this objective by offering Indian and International students a variety of scholarships and fellowships to pursue their ambitions in the fields of Education and Healthcare.

4 contacts available at Manipal Group.

| Name | Title | Profile |
| --- | --- | --- |
| Ranjan Pai | MD & CEO | https://shizune.co/investors/profile/ranjan-pai-4 |
| Harinarayan Sharma | Managing Director | https://shizune.co/investors/profile/harinarayan-sharma |
| Nishith Mohanty | Global Human Resources Head & Chief Human Resources Officer | https://shizune.co/investors/profile/nishith-mohanty |
| Shriniwas Joshi | Chief Finance Officer | https://shizune.co/investors/profile/shriniwas-joshi |

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## FAQ

### What does Ranjan Pai invest in?

Ranjan Pai invests primarily in Mobile Apps, Financial Services and FinTech startups, most often at Seed and Series A stage. Most of the 14 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Ranjan Pai's check size?

Ranjan Pai typically joins rounds of $402k–$4M at Seed, $484k–$12M at Series A and $28M–$33M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Ranjan Pai participates in.

### When did Ranjan Pai last invest?

The most recent investment recorded for Ranjan Pai closed in Sep 2025. Shizune tracks 14 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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