Indigo Circle Advisors
Indigo Circle Advisors took part in 2 disclosed rounds in Indian startups in 2026 (0 as lead), most often Series B rounds in Mobility & Logistics; its latest was Ethereal Machines on 25 April 2026.
About Indigo Circle Advisors
Indigo Circle Advisors has backed Indian startups that StopDown covered, listed below.
Deals in 2026
| Date | Company | Round | Amount | Role | Co-investors | Story |
|---|---|---|---|---|---|---|
| 25 April 2026 | EMEthereal Machines | Series B | ₹264.5 Cr | Participant | Avataar Ventures, Peak XV Partners, Novellus Systems, Sustained Innovations LLP, Eventures India Pvt Ltd, Shailesh Lakhani | Story |
| 21 March 2026 | EE Exponent Energy | extended Series B | Rs 182 crore ($20 million) | Participant | 360 One Asset, TDK Ventures, YourNest Venture Capital, Advantedge Technology, Eight Roads Ventures (India), 3one4 Capital +3 | Story |
Stage and sector mix
Disclosed rounds Indigo Circle Advisors took part in, by stage and by sector.
| Stage | 2026 | 2025 |
|---|---|---|
| Series B | 2 | 0 |
| Sector | 2026 | 2025 |
|---|---|---|
| Mobility & Logistics | 1 | 0 |
| Professional & Local Services | 1 | 0 |
Frequent co-investors
| Investor | Rounds together |
|---|---|
| 360 One Asset | 1 |
| 3one4 Capital | 1 |
| Advantedge Technology | 1 |
| Avataar Ventures | 1 |
| Eight Roads Ventures (India) | 1 |
| Eventures India Pvt Ltd | 1 |
| Lightspeed | 1 |
| Novellus Systems | 1 |
Indian portfolio
- EMEthereal MachinesProfessional & Local Services · in at Series B · 2026
- EEExponent EnergyMobility & 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.
Indigo Circle Advisors in the news
- EMEthereal Machines · Funding · 25 April 2026 · ₹264.5 CrEthereal Machines raises $28.5M in Series B led by Avataar Venture PartnersEthereal Machines produces precision engineering components using its proprietary multi-axis CNC machines
- EEExponent Energy · Funding · 21 March 2026 · Rs 182 crore ($20 million)Exponent Energy raises Rs 182 crore extended Series BExponent Energy builds rapid-charging solutions that charge electric vehicles fully in 15 minutes
Read next: companies in the portfolio
Questions about Indigo Circle Advisors
How many investments did Indigo Circle Advisors make in India in 2026?
StopDown has recorded 2 disclosed rounds in Indian startups with Indigo Circle Advisors in 2026 so far, 0 of them as lead. The latest was Ethereal Machines on 25 April 2026 (₹264.5 Cr).
Which sectors does Indigo Circle Advisors invest in?
In the 2025 and 2026 rounds StopDown recorded, Indigo Circle Advisors invested most often in Mobility & Logistics (1 round) and Professional & Local Services (1 round).
Does Indigo Circle Advisors lead rounds?
In the 2 rounds StopDown recorded in 2025 and 2026, Indigo Circle Advisors joined as a participant; none named it as the lead.