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Meet the 17 Companies PremjiInvests Has Funded So Far Since 2006

PremjiInvest has invested in 40 companies but never made public its funding profile.

PremjiInvest is an investment group which is led by Azim Premji. This billion dollar group was founded in 2006. This is a private equity fund which manages over $2 billion of wealth of Azim Premji’s personal portfolio. Investments made by Premji Invest are both small and large. So far, PremjiInvest has invested in 40 companies but never made public it’s funding profile. 

Since PremjiInvest works in funding and investments, here are some companies in which investments were made :

  1. iD Fresh Food

 iD Fresh Foods was started in 2006 by Musthafa Pc (CEO and founder). It is the perfect professional assistant in the kitchen for the home maker. Started in Bangalore, the main line of this company is to produce and deliver ready to cook fresh food in it’s home made style. The main mission of the company is to make the preparation of home-made meals a pleasure. iD Fresh Food has made it’s presence in 8 cities in India and abroad and consists of more than 800 employees. Recently on 13 March 2017, PremjiInvest invested $25 million in its series B funding round.

2. Amagi Media Labs

Amagi  is the world's first cloud-based managed broadcast services and targeted advertising solutions company. It was founded by  Bhaskar Subramanian, Srinivasan KA and Srividhya Srinivasan in 2008. The headquarter of Amagi is in Bangalore with offices in New York, London, Hong Kong, New Delhi and Mumbai. Amagi brings transparency and simplicity in the entire broadcast operation. It has deployments in over 40 countries and provide advertising solutions to 2500+ brands so as to develop the future of TV advertising. Amagi Media Lab raised $35 million in its series D funding round from Emerald Media, PremjiInvest on 15 December 2016. Prior to this round,  the investment was also made in January 2015 stating an undisclosed amount in it’s series C round of funding. The growth from the latest round of investment funding has enabled Amagi to grow its advertising platforms also.


Lenskart was founded in 2010 by ex Microsoft techie with it’s headquarters in Faridabad, Haryana. It is an eyewear industry reaching over millions of customers rapidly. Since ⅓ of the population wants an access to glasses, Peyush along with his two co-founders Amit Chaudhary and Sumeet Kapahi founded ‘ VALYOO technologies’.  An investment was made in September 2016 of around Rs 200 crore, with a valuation of around Rs 2,000 crore. The most recent investment funding was made on 9 January 2017 of $3.52 million. The CEO and founder of Lenskart said, “With this collaboration, the company will be able to draw on Premji Invests extensive experience, particularly in retail and creating long-lasting brands to realise its potential and develop best practices. We intend to grow strategically, thereby strengthening our presence via both online and offline channels”.

4. Equitas Holdings

Founded in 2007, Equitas is a Chennai-based firm . It is a Non-Deposit Taking Systemically important- Core Investment Company registered with the Reserve Bank of India. Equitas Small Finance Bank Ltd establishes a digital platform for customers by providing financial solutions to individuals and firms.Apart from PremjiInvest, anchor investors include Franklin Templeton MF, ICICI Prudential MF, Birla Sun Life Trustee Co etc. The firm raised around $100 million from premjiInvest and other anchor investors on 6 april 2016.

5. Anaplan

Anaplan was founded in 2006 by Guy Haddleton and Michael Gould in UK. It is a cloud-based planning and performance management platform with documented use cases in finance, sales, supply chain, marketing, IT and HR. Large and fast-growing organizations use Anaplan’s cloud platform in every business function to make better-informed plans and decisions. In January 2016, Premji Invest leads $90 million in its series E funding round in Anaplan in new financing, pushing the company’s valuation to $1.09 billion

6. Snapdeal

Founded on 1 February 2010 by Kunal Bahl, Snapdeal is an Indian e-commerce company based in New Delhi, India. It is an online marketplace offering best priced deals on branded products such as mobiles, electronics, apparel and accessories. Snapdeal has become one of the leading shopping websites all over India offering more than 10 million products and home delivery as well. PremjiInvest has participated in two funding rounds; $500 million private equity round in August 2015 and $100 Mn in it’s series E round of funding in May 2014 along with other investors.

7. ServiceMax

ServiceMax is a GE digital company ; is a provider of cloud-based field service management solutions of technicians, managers and executives. It was founded by Athani Krishnaprasad and Hari Subramanian in the late 1990s as a consulting company focusing on customer relationship management. The headquarter of the company is in Pleasanton, California. In June 2015, Premji Invest leads $82 million in its series F round of funding to expand the sales and marketing of the company globally. This latest round brings the total capital raised by ServiceMax to $202 million.

8. Coupa Software 

Founded in 2006, Coupa is a cloud-based spend management software company located in San Mateo, California. It provides executive dashboards, alerts and expense management. The founders of this software are Noah Eisner and Dave Stephens. Coupa has developed a cloud application that manages how companies spend their money and manage their cash flow. It handles standard business processes like procurement, invoicing etc. In June 2015, Coupa Software closed a $80 million investment in its series G round of funding. The well known investment company, Premji Invest participated in the investment round. It went public on 6 October 2016.

9. PolicyBazaar

Policybazaar is an Indian life insurance and general insurance comparison portal which was founded in 2008 by Yashish Dahiya and Alok Bansal ; the headquarter is located in Gurgaon, Haryana.The company has more than 5 million registered users. Policybazaar has raised around $40 million (248 crore ) in it’s series D round of funding from Premji Invest, the personal investment vehicle of Wipro chairman Azim Premji, among a set of existing and new investors. This investment was made in April 2015.


Autonomous machines will be everywhere and CYNGN is bringing this world to life by animating the inanimate. CYNGN was founded on 1 December 2013 by Kirt McMaster, Koushik Datta and Steve Kondik. It basically focuses on purpose driven autonomy. The headquarter of CYNGN is located in Palo Alto, California. The origin of Cyanogen OS goes almost as far back as Android itself, forged by folks who love taking something they bought and making it better themselves, and growing that passion into a unique flavor of Android. PI invested $85 million in it’s series C round of funding in CYNGN on March 2015.

11. Zuora

 Tien Tzuo is the co-founder the CEO of Zuora since 2007. Zuora is an enterprise software company founded in 2006 that designs and sells SaaS (software as a service) applications for companies with a subscription business model. Its headquarter is located in Foster City, California. Zuora’s applications are designed to automate billing, commerce, and finance operations. This firm provides a platform to other companies to manage their subscriber lifecycle, strengthen its sales, revenue recognition etc. PremjiInvest invested $115 million in its series F round of funding along with other investors.

12. Financial Software System 

It was founded in 1992 by Nagaraj Mylandla. Financial software system is a risk management software and consulting firm headquartered in Horsham, Pennsylvania USA, with sales and support offices in London, Miami, San Francisco, Guayaquil, Singapore, Hong Kong and Hyderabad. It is a leading global payment system company offering business values The company deals in financial management which may include money exchange, interest rate, fixed income and equity instruments. Wipro boss Azim Premji has invested Rs 350 crore ($57 million) in it’s series D round of funding to acquire a minority stock in payments processing and technology company Financial Software and System (FSS). Premji and other investors and pouring their money in FSS due to which the company is planning public offering.

13. DataStax 

Founded in April 2010, DataStax is a data management software vendor. Consisting of more than 400 employees, DataStax Enterprise provide data platform that includes integrated operational analytics and research using Apache Spark and Apache Solr respectively. The headquarter of DataStax is located in Santa Clara, United States and it was founded by Jonathan Ellis, Matt Pfeil. 

PremjiInvest, along with other investors has invested in database management company DataStax. The company stated that it has secured $106 million in series E financing. This amount, along with the amount of previous rounds bring the total of $190 million. Datastax has experienced a rapid growth and now has more than 350 employees.

14. Myntra

Myntra is an online shopping website that serves different products of different brands, sizes and colors. It is an e-commerce marketplace headquartered in Bengaluru, Karnataka, India. The company was founded in 2007 by Indian Institute of Technology graduates with a focus on personalisation of gift items.The founder of this shopping website are Vineet Saxena, Ashutosh Lawania and Raveen Sastry. By 2010, Myntra shifted its focus to the online retailing of branded apparel. Online fashion store, Myntra has confirmed that it has raised $50 million (around 300 crore) led by PremjiInvest. The company has decided to use this investment to strengthen its technologies, infrastructure etc. The investment was raised in January 2015.

 15. Healthcare Global Enterprise Ltd.

Healthcare Global Ltd is one of the largest specialist in cancer care. It’s headquarter is located in Bangalore, India along with 20 different cancer centres. The Healthcare Global Ltd. is known nationally as well as internationally. It is globally recognised with several national and international awards. The mission of healthcare is to create a fulfilling environment where doctors and staff advance the future of cancer care through cutting-edge patient care, clinical research and technology, enabling patients to achieve longer and better lives. The company recently deployed $20 million to Healthcare Global Enterprises Ltd and came into headlines.

16. Himatsingka Group

The himatsingka group is a vertically integrated Home Textile major with a global footprint. The Group focuses on the manufacturing, retailing and distribution of Home Textile products. The group was founded in 1985 and focuses on product development and design for high levels of customers. The group continues to expand with over 5000 people in a team. Azim Premji has acquired eight lakh shares of Himatsingka Seide at Rs 136 per share in a block deal which was announced on the BSE website. 

17. Cicada Resorts

Cicada Resorts was started two years ago by a group of technology entrepreneurs led by 'Tiger' T G Ramesh. The operational resort is located on the banks of river Cauvery which is around 180 km from Bangalore. Azim Premji invested in the Cicada resorts. Cicada resorts are eco-tourism operator and Premji invested $10 million in these resorts., March 14, 2008. 

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