# Tamilnadu Industrial Development Corporation

> Tamilnadu Industrial Development Corporation is a VC fund in Chennai backing Energy and FinTech. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Chennai, India
- Total investments: 4
- Last investment: Mar 2026
- Lead investor: 75%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/tidco/
- Website: https://www.tidco.com
- Facebook: https://www.facebook.com/profile.php?id=100069453968570&locale=pa_IN

Tamilnadu Industrial Development Corporation is a VC fund in Chennai focused on Energy and FinTech. Tamilnadu Industrial Development Corporation Limited (TIDCO) is a governmental agency that serves as an industrial development agency. Established in 1965, TIDCO's primary role is to facilitate and undertake joint ventures in the industrial sector. It also serves as the Nodal Agency for the development of the Chennai Bengaluru IndustrialCorridor. In collaboration with various partners, TIDCO has been instrumental in the development of several industrial projects.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 1 | 25% |
| FinTech | 1 | 25% |
| Finance | 1 | 25% |
| Payments | 1 | 25% |
| Software | 1 | 25% |

14 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Corporate Round | 2 | 50% |
| Seed | 1 | 25% |
| Series A | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Raptee Energy | Emobility | $2.7M | Corporate Round | Mar 14, 2026 |  |
| Agnikul | Agnikul is a space tech startup that designs, manufactures, tests, and launch orbital-class rockets for micro and nanosatellites. They currently work out of the National Center for Combustion R&D at IIT-Madras. Rocket scientists, engineers, ex-bankers and space lawyers are a part of their team. This unique blend of people is one of theirbiggest strengths. The company was founded in 2017 and is based in Chennai, Tamil Nadu. | $2.7M | Corporate Round | Mar 14, 2026 |  |
| OxyZEN Express | OxyZEN Express is a company that works in the highly competitive express logistics business. | $3M | Seed | Dec 22, 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. | $3.6M | Series A | Jul 20, 2015 |  |

4 of 4 investments shown.

## Co-investors
- [Catamaran](https://shizune.co/investors/profile/catamaran-ventures) — VC Fund, 1 deal together
- New India Investment Corporation — VC Fund, 1 deal together
- SNAM Group of Companies — VC Fund, 1 deal together
- [Tata Group](https://shizune.co/investors/profile/tata-group) — VC Fund, 1 deal together
- Titan Company — VC Fund, 1 deal together

## Similar investors

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- [Vector](https://shizune.co/investors/profile/vector-inc-) — VC Fund
- [Akatsuki Games Inc.](https://shizune.co/investors/profile/akatsuki-3) — VC Fund

## FAQ

### What does Tamilnadu Industrial Development Corporation invest in?

Tamilnadu Industrial Development Corporation invests primarily in Energy, FinTech and Finance startups, most often at Corporate Round and 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 Tamilnadu Industrial Development Corporation last invest?

The most recent investment recorded for Tamilnadu Industrial Development Corporation closed in Mar 2026. 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.

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