# Mohandas Pai

> Mohandas Pai is a seed investor at Aarin Capital (Bengaluru) backing E-Commerce and Education. See 46 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Aarin Capital](https://shizune.co/investors/profile/aarin-capital)
- Location: Bengaluru, India
- Total investments: 46
- Last investment: Oct 2024
- Lead investor: 17%
- Last updated: Aug 2026
- LinkedIn: https://in.linkedin.com/in/mohandaspai
- X (Twitter): https://twitter.com/tvmohandaspai

Mohandas Pai is a seed investor at Aarin Capital in Bengaluru focused on E-Commerce and Education. Mohandas Pai - Co-Founder and Chairman @ Aarin Capital

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $247k–$5M |
| Angel | $400k–$750k |
| Series A | $2.5M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 9 | 20% |
| Education | 6 | 13% |
| Information Technology | 5 | 11% |
| Internet | 4 | 9% |
| Software | 4 | 9% |

95 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 19 | 41% |
| Series A | 9 | 20% |
| Angel | 4 | 9% |
| Funding Round | 4 | 9% |
| Series C | 2 | 4% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 30 | 65% |
| United States | 3 | 7% |
| Singapore | 2 | 4% |
| Belgium | 1 | 2% |
| United Kingdom | 1 | 2% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| TripFactory | TripFactory is the Largest Online Holiday Store offering the largest selection of Holidays. We believe great consumer experiences can be delivered by providing expert knowledge and best prices while planning a holiday and we are trying to constantly ensure we deliver, the perfect holiday for our customers. | $50M | Series A | Oct 29, 2024 |  |
| Invact Metaversity | Invact high-quality, virtually immersive learning experiences for everyone, delivered at the best price to them wherever they are. | $5M | Pre-Seed | Feb 22, 2022 |  |
| Invact Metaversity | Invact high-quality, virtually immersive learning experiences for everyone, delivered at the best price to them wherever they are. | $5M | Seed | Feb 21, 2022 |  |
| Foundit | Foundit is an online career and recruitment resource with its cutting edge technology provides relevant profiles to employers and relevant jobs to jobseekers across industry verticals, experience levels and geographies. More than 200 million people have registered on the Monster Worldwide network. Today, with operations in more than 40 countries,Monster provides the widest and most sophisticated job seeking, career management, recruitment and talent management capabilities globally. Monster India started its operations in 2001. | $18.2M | Venture - Series Unknown | Dec 22, 2021 |  |
| 88academics | 88academics (INDIA) has been established with the social objective of making quality video-based learning material available to ALL Indian students. Technology, connectivity, and social media are rapidly changing the world of Education and we wish to lead the democratization of the tuition industry in India. The current tuition options available inthe market are expensive and cater only to the upper classes leaving students from middle and lower-income families at a disadvantage. We intend to leverage technology to level the playing field. | $3M | Seed | Sep 27, 2021 |  |
| 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. | $8M | Corporate Round | May 30, 2018 |  |
| 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. | $8M | Corporate Round | May 30, 2018 |  |
| Zoomcar | Zoomcar is the marketplace for car sharing in emerging markets, with over 20,000 cars on its technology-driven platform across India, Southeast Asia, and Egypt. Zoomcar empowers host entrepreneurs to safely and easily share their cars to earn additional passive income. Guests in the Zoomcar community enjoy a diverse, affordable selection of cars tounlock memorable driving experiences with friends and family. Founded in 2013 and headquartered in Bengaluru, India, Zoomcar employs over 300 people and operates in 100 cities across India, Indonesia, Vietnam, and Egypt. Uri Levine, the co-founder of mobility unicorns Waze and Moovit, currently serves as Zoomcar’s Chairman of the Board. | $40M | Series C | Feb 16, 2018 |  |
| QwikSpec | QwikSpec is a great tool that helps our inspectors accelerate their work and removes a lot of current pain points of making paper entries, errors in transcription, and identifying missing certificates. | $540K | Seed | Jul 14, 2017 |  |
| TaxSutra | Taxsutra provides real time, up-to-date news and case law analysis on Income tax from ITAT, and the High Courts and Supreme Court. We are also tracking important litigations, developments in Income Tax department, CBDT and Finance Ministry, with a view to keep tax professionals abreast of the latest trends therein. | $296K | Seed | Jan 02, 2017 |  |

10 of 46 investments shown.

## Co-investors
- [3one4 Capital](https://shizune.co/investors/profile/3one4) — VC Fund, 7 deals together
- [Singapore Angel Network](https://shizune.co/investors/profile/singapore-angel-network) — VC Fund, 4 deals together
- [Aarin Capital](https://shizune.co/investors/profile/aarin-capital) — VC Fund, 3 deals together
- [Globevestor](https://shizune.co/investors/profile/globevestor) — VC Fund, 3 deals together
- [LVX Ventures](https://shizune.co/investors/profile/letsventure) — VC Fund, 3 deals together
- [Picus Capital](https://shizune.co/investors/profile/picus-capital) — VC Fund, 3 deals together

## About Aarin Capital

VC Fund · Bangalore, India

We seek to create long-term value by partnering with talented, hungry management teams actively complementing their skills with our collaborative engagement. We aim to build profitable companies with sustainable value propositions. We appreciate audacious ideas that embed disruptive, customer-focused technologies with the potential to address andtransform large markets.We support our investee companies in generating profitable revenue growth, instituting strong compliance and governance processes, margin enhancement and active operational and strategic management.We dislike financial engineering as a means to demonstrating value creation.We encourage our investee companies to focus on maximising free cash flows by focusing on their core strengths.We are not merely financial investors but also trusted operating partners of our investee companies. Accordingly, we have separate investment and operating teams comprising seasoned, high-quality professionals with a wealth of hands-on operating and investing experience to streamline and maximise the impact and support we can provide to our investee companies.

2 contacts available at Aarin Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Mohandas Pai | Co-Founder and Chairman | https://shizune.co/investors/profile/tv-mohandas-pai |
| Ranjan Pai | Partner | https://shizune.co/investors/profile/ranjan-pai |

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## FAQ

### What does Mohandas Pai invest in?

Mohandas Pai invests primarily in E-Commerce, Education and Information Technology startups, most often at Seed and Series A stage. Most of the 46 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

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

Mohandas Pai typically joins rounds of $247k–$5M at Seed, $400k–$750k at Angel and $2.5M–$50M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Mohandas Pai participates in.

### When did Mohandas Pai last invest?

The most recent investment recorded for Mohandas Pai closed in Oct 2024. Shizune tracks 46 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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