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Venture Capital
FINANCE | Investment Firms & Funds
gsrventuresglobal.com

Investments

613

Portfolio Exits

35

Funds

22

Partners & Customers

1

Service Providers

1

About GSR Ventures

GSR Ventures is a venture capital firm focused on early-stage technology companies. It invests in early-stage digital health companies that leverage emerging technology to drive improvements in efficiency and transform the healthcare landscape. It was founded in 2004 and is based in Palo Alto, California.

Headquarters Location

245 Lytton Ave Suite 350

Palo Alto, California, 94301,

United States

650-331-7300

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Latest GSR Ventures News

Tiger Global backs Indian industrial IoT startup Infinite Uptime in $18.8M funding round

May 22, 2023

Infinite Uptime , an Indian industrial IoT startup that offers predictive maintenance solutions for machinery, has secured an additional $18.85 million as part of an ongoing funding round led by Tiger Global at a valuation of $60 million post-money. The Series B3 round also saw participation from other existing investors including Mayfield, GSR Ventures, VenturEast and THK. The investment will help the startup strengthen global market share and expand value delivery, it said. Mechanical problems, such as wear and tear, deterioration and heightened vibrations, frequently contribute to equipment breakdowns in manufacturing facilities. Infinite Uptime is helping mitigate these by using industrial data analytics that offers a range of indispensable features, including real-time condition monitoring complemented by cloud data backup support. It also features a smart dashboard that provides live monitoring capabilities and the ability to forecast Remaining Useful Life (RUL) and downtime, enabling businesses to strategize and execute timely maintenance actions. Founded in December 2015, the Pune-based startup offers tailor-made solutions with remote condition monitoring, data-driven machine diagnostics and digital reliability services using intelligent data analytics to help improve plant reliability and offer failure predictability for manufacturing facilities. “This investment is a strong validation of our business strategy and growth potential,” said Raunak Bhinge, Founder and CEO, Infinite Uptime, in a prepared statement. “This will enable us to invest heavily into fundamental research & product development, expand our capabilities and overall expertise, helping us deliver more value and exceed the needs of our customers in an ever-evolving market.” The startup has amassed over 300 customers and counts companies including Vedanta, JSW Steel, Hyundai, Borosil, Ceat and Adani among its clients across different parts of the world. “Infinite Uptime has helped their manufacturing partners see improved plant reliability, production volume, and overall efficiency. We are excited to be investing behind them and their continued growth,” Griffin Schroeder, Partner at Tiger Global, said in a statement. Infinite Uptime has helped its customers save over 11,000 hours of unplanned downtime by utilizing advanced analytics, AI and remote monitoring capabilities. “Mayfield, as the seed investor in Infinite Uptime has witnessed its stellar growth into not just a market leader but an evangelist in the IoT space. We remain excited and continue to invest alongside other investors in Infinite Uptime’s exciting journey,” said Vikram Godse, Managing Partner at Mayfield. The startup has its offices in Berkeley, California and Dubai — apart from its India office in the western Indian city of Pune. “We believe Infinite Uptime will play a key role in increasing the efficiency of factory floors thus enabling the global south to compete,” said Sanjeev Yamsani, Partner at VenturEast. “Their ability to scale the product to global south from India is a compelling example of innovation that India can build for the world.” The fresh investment in Infinite Uptime comes at a time when Indian startups are struggling to raise capital as global VCs are quite conscious in putting their money due to the macro-level funding crunch as well as financial irregularity issues grappling some of the top startups in the country.

GSR Ventures Investments

613 Investments

GSR Ventures has made 613 investments. Their latest investment was in Infinite Uptime as part of their Series B - II on May 5, 2023.

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GSR Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/22/2023

Series B - II

Infinite Uptime

$18.85M

No

4

5/19/2023

Seed VC

Haosa

Yes

2

4/6/2023

Pre-Seed - II

Kryptview

$1.5M

Yes

1

3/24/2023

Seed VC

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$99M

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10

3/16/2023

Series B

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$99M

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10

Date

5/22/2023

5/19/2023

4/6/2023

3/24/2023

3/16/2023

Round

Series B - II

Seed VC

Pre-Seed - II

Seed VC

Series B

Company

Infinite Uptime

Haosa

Kryptview

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Amount

$18.85M

$1.5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

4

2

1

10

10

GSR Ventures Portfolio Exits

35 Portfolio Exits

GSR Ventures has 35 portfolio exits. Their latest portfolio exit was Linkflow on August 09, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/9/2022

Acquired

$99M

6

6/13/2022

IPO

$99M

Public

1

4/28/2022

Acquired

$99M

2

4/16/2022

Acq - Pending

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$99M

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10

4/11/2022

Acquired

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$99M

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10

Date

8/9/2022

6/13/2022

4/28/2022

4/16/2022

4/11/2022

Exit

Acquired

IPO

Acquired

Acq - Pending

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

6

1

2

10

10

GSR Ventures Fund History

22 Fund Histories

GSR Ventures has 22 funds, including GSR 2017 Opportunities Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/25/2019

GSR 2017 Opportunities Fund

$99.15M

1

10/22/2019

GSR Ventures VII

Early-Stage Venture Capital

Closed

1

9/18/2018

GSR Ventures VI

Early-Stage Venture Capital

Closed

$400M

4

12/31/2017

GSR 2017 Opportunities Fund

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10

4/18/2016

GSR Go Global Fund

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$99M

10

Closing Date

10/25/2019

10/22/2019

9/18/2018

12/31/2017

4/18/2016

Fund

GSR 2017 Opportunities Fund

GSR Ventures VII

GSR Ventures VI

GSR 2017 Opportunities Fund

GSR Go Global Fund

Fund Type

Early-Stage Venture Capital

Early-Stage Venture Capital

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Status

Closed

Closed

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Amount

$99.15M

$400M

$99M

Sources

1

1

4

10

10

GSR Ventures Partners & Customers

1 Partners and customers

GSR Ventures has 1 strategic partners and customers. GSR Ventures recently partnered with iLEVEL Solutions on February 2, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

2/4/2015

Vendor

United States

GSR Ventures selects iLEVEL for portfolio monitoring

GSR Ventures has selected the iLEVEL to optimise the firm 's portfolio monitoring process .

3

Date

2/4/2015

Type

Vendor

Business Partner

Country

United States

News Snippet

GSR Ventures selects iLEVEL for portfolio monitoring

GSR Ventures has selected the iLEVEL to optimise the firm 's portfolio monitoring process .

Sources

3

GSR Ventures Service Providers

1 Service Provider

GSR Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

GSR Ventures Team

13 Team Members

GSR Ventures has 13 team members, including current Founder, Managing Director, Richard Lim.

Name

Work History

Title

Status

Richard Lim

Founder, Managing Director

Current

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Name

Richard Lim

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Work History

Title

Founder, Managing Director

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Status

Current

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