Catamaran Ventures
Investment vehicle of Infosys co-founder N. R. Narayana Murthy
Catamaran Ventures took part in 2 disclosed rounds in Indian startups in 2026 (0 as lead), most often Series B rounds in Agriculture & Food Systems; its latest was Matel Motion and Energy Solutions on 3 August 2026.
About Catamaran Ventures
Catamaran Ventures is the family office of Infosys co-founder N. R. Narayana Murthy. Its president Deepak Padaki has described a focus on AI, data centre infrastructure and precision manufacturing. It has said it plans to double its corpus to $2 billion, and a 2025 report said it was cautious on startups.
Investment thesis
- Focus on AI, data centre infrastructure and precision manufacturing
- Plans to double corpus to $2B over five years
Deals in 2026
| Date | Company | Round | Amount | Role | Co-investors | Story |
|---|---|---|---|---|---|---|
| 3 August 2026 | MM | Series B | ₹130 crore | Participant | UC Impower, Transition VC | Story |
| 18 March 2026 | AOAkshayakalpa Organic | Series D | ₹175 crore | Participant | ABC Impact Fund, Rainmatter, Asha Ventures, Waterfield Fund, Pratithi Growth Fund, A91 Partners | Story |
Stage and sector mix
Disclosed rounds Catamaran Ventures took part in, by stage and by sector.
| Stage | 2026 | 2025 |
|---|---|---|
| Series B | 1 | 0 |
| Series D+ | 1 | 0 |
| Sector | 2026 | 2025 |
|---|---|---|
| Agriculture & Food Systems | 1 | 0 |
| Mobility & Logistics | 1 | 0 |
Frequent co-investors
| Investor | Rounds together |
|---|---|
| A91 Partners | 1 |
| ABC Impact Fund | 1 |
| Asha Ventures | 1 |
| Pratithi Growth Fund | 1 |
| Rainmatter | 1 |
| Transition VC | 1 |
| UC Impower | 1 |
| Waterfield Fund | 1 |
Exits and IPOs in the portfolio
| Company | Event | Latest story | Date |
|---|---|---|---|
AC Acko | IPO | ACKO eyes $300 million IPO filing | 9 June 2026 |
Indian portfolio
- ACAckoFintech
- AOAkshayakalpa OrganicAgriculture & Food Systems · in at Series D+ · 2026
- INInnovitiFinancial Services · 2026
- MM
Matel Motion and Energy SolutionsMobility & Logistics · in at Series B · 2026
India-based companies only. Linked names have a StopDown page; the rest link up on their own as soon as we cover them.
Catamaran Ventures in the news
- INInnoviti · Results · 4 September 2026Innoviti slashes FY26 loss by 57% to ₹26.7 Cr despite revenue dipInnoviti is a digital payments startup offering sales acceleration, revenue assurance, and payment collection tools
- MMMatel Motion and Energy Solutions · Funding · 3 August 2026 · ₹130 croreMatel raises ₹130 crore in Series B fundingMatel designs and manufactures motors and powertrains for electric vehicles and industrial use
- MMMatel Motion and Energy Solutions · Funding · 3 August 2026 · ₹130 croreMatel Motion raises ₹130 crore Series B for expansionMatel designs and manufactures motors, controllers, and integrated powertrains for electric vehicles and industrial use
- AOAkshayakalpa Organic · Funding · 18 March 2026 · ₹175 croreAkshayakalpa Organic raises Rs 175 crore Series DAkshayakalpa Organic delivers organic milk and dairy products directly to consumers
Read next: companies in the portfolio
Questions about Catamaran Ventures
How many investments did Catamaran Ventures make in India in 2026?
StopDown has recorded 2 disclosed rounds in Indian startups with Catamaran Ventures in 2026 so far, 0 of them as lead. The latest was Matel Motion and Energy Solutions on 3 August 2026 (₹130 crore).
Which sectors does Catamaran Ventures invest in?
In the 2025 and 2026 rounds StopDown recorded, Catamaran Ventures invested most often in Agriculture & Food Systems (1 round) and Mobility & Logistics (1 round).
Does Catamaran Ventures lead rounds?
In the 2 rounds StopDown recorded in 2025 and 2026, Catamaran Ventures joined as a participant; none named it as the lead.
Which Indian unicorns has Catamaran Ventures backed?
Catamaran Ventures' Indian portfolio includes ACKO, which StopDown's coverage or the investor's own material describes as unicorns.
Sources: craincurrency.com · news.ventureintelligence.com · familyofficehub.io · checked 2026-10-18