# Shilpa Kulkarni

> Shilpa Kulkarni is a Series B investor at Zodius Capital backing Software and Manufacturing. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Zodius Capital](https://shizune.co/investors/profile/zodius-capital)
- Location: Mumbai, India
- Total investments: 7
- Last investment: Jun 2026
- Lead investor: 86%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/pub/shilpa-kulkarni/0/33a/713

Shilpa Kulkarni is a Series B investor at Zodius Capital in Mumbai focused on Software and Manufacturing. Shilpa leads the development of our Digital Services companies. She also manages our investor relationships and corporate transactions. Shilpa has previously managed corporate development and Investments function at WNS, prior to which she was a venture investor at eVentures India where her investments included Mentorix (sold to Lionbridge),Intigma (sold to Emptoris). Shilpa began her career as an Investment Banker with JP Morgan Chase.Shilpa lives in Mumbai with her husband and two daughters.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 2 | 29% |
| Manufacturing | 2 | 29% |
| Beauty | 1 | 14% |
| Mobile | 1 | 14% |
| FinTech | 1 | 14% |

17 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 4 | 57% |
| Series C | 1 | 14% |
| Series D | 1 | 14% |
| Secondary Market | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| INNEFU | INNEFU is a research oriented Information Security consulting group specializing in meeting the Information Security needs of the consumer via specialized products and services.They offer a complete gamut of Information Security services under one roof which includes their patented and patent pending products:- Information Security Productsand Services- AuthShield – Two Factor Authentication- Internet Interception & Monitoring System- Tactical Internet Monitoring System- Link AnalysisTheir products including Tactical Internet interception and Monitoring System have been used by Law Enforcement Agencies to investigate hacking attacks while their Two Factor Authentication system ensures secure and failsafe online/credit card transactions by creating a dynamic password every time the user wishes to log in. |  | Series B | Jun 05, 2026 |  |
| INNEFU | INNEFU is a research oriented Information Security consulting group specializing in meeting the Information Security needs of the consumer via specialized products and services.They offer a complete gamut of Information Security services under one roof which includes their patented and patent pending products:- Information Security Productsand Services- AuthShield – Two Factor Authentication- Internet Interception & Monitoring System- Tactical Internet Monitoring System- Link AnalysisTheir products including Tactical Internet interception and Monitoring System have been used by Law Enforcement Agencies to investigate hacking attacks while their Two Factor Authentication system ensures secure and failsafe online/credit card transactions by creating a dynamic password every time the user wishes to log in. |  | Secondary Market | Jun 05, 2026 |  |
| Foxtale | Foxtale is a skincare brand that offers and provides skin care items for all skin types using modern science and technology. Its products include moisturizers, vitamin C serum, sunscreen, and face wash for customers to use quality skincare products at an affordable price. | $30M | Series C | Jan 15, 2025 |  |
| Foxtale | Foxtale is a skincare brand that offers and provides skin care items for all skin types using modern science and technology. Its products include moisturizers, vitamin C serum, sunscreen, and face wash for customers to use quality skincare products at an affordable price. | $18M | Series B | Jun 12, 2024 |  |
| EMotorad | EMotorad is an electric vehicles company that aims to bring across top-quality electric cycles which would currently cost way higher in the Indian market at an affordable price for adventure seekers, daily commuters, or casual riders. EMotorad's bikes come with removable batteries to make it a convenient experience for users. | $17.3M | Series B | Nov 26, 2023 |  |
| Innoviti | Innoviti develops payments processing, credit distribution, and payments management software solutions. It offers uniPAY, a unified payment and card management system for retailers; quickEMI, a solution that provides consumers the option of paying for their purchases in installments on their credit cards; pgEMI, a solution that provides consumersthe option of paying for their purchases in installments; and fastCollect, an automated collection technology for banks and retailers/online megastores. Innoviti serves markets, such as retail, mobile, lifestyle, entertainment, jewelry, education, cabs, holidays, hotels, restaurants, wellness, healthcare, online, and banks. | $25M | Series D | Jul 08, 2022 |  |
| Onsitego | Onsitego is a customer service company for device and appliance repairs. | $19M | Series B | Feb 17, 2020 |  |

7 of 7 investments shown.

## Co-investors
- [FMO](https://shizune.co/investors/profile/fmo) — VC Fund, 2 deals together
- [Kae Capital](https://shizune.co/investors/profile/kae-capital) — VC Fund, 2 deals together
- [Z47](https://shizune.co/investors/profile/matrix-partners-india) — VC Fund, 2 deals together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 1 deal together
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund, 1 deal together
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund, 1 deal together

## About Zodius Capital

VC Fund · Mumbai, India

Zodius builds exceptional market defining businesses in new and high growth areas where an exciting new market is emerging and there is no leader in place to drive the market. Operational since 2011, Zodius typically develops one company every six months and works intensively with its portfolio company teams to “speed up” and “shape up” forexceptional growth and profitability.

4 contacts available at Zodius Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Gautam Patel | Managing Director | https://shizune.co/investors/profile/gautam-patel |
| Naushad Ally Sohoboo | Director | https://shizune.co/investors/profile/naushad-ally-sohoboo |
| Neeraj Bhargava | Founder, Senior Managing Director, Chairperson of Investment Committee & CEO | https://shizune.co/investors/profile/neeraj-bhargava |
| Shilpa Kulkarni | Managing Director | https://shizune.co/investors/profile/shilpa-kulkarni |

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Shilpa Kulkarni invest in?

Shilpa Kulkarni invests primarily in Software, Manufacturing and Beauty startups, most often at Series B and Series C 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 Shilpa Kulkarni last invest?

The most recent investment recorded for Shilpa Kulkarni closed in Jun 2026. 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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