The Velumani family office — the investment vehicle of Dr. Arokiaswamy Velumani, founder of diagnostics giant Thyrocare Technologies — has emerged as one of Indian startups' most decisive new backers. Velumani family office funding led EV maker Simple Energy's Rs 1,750 crore (~$180 million) all-equity Series C in September-October 2026, the largest round in the company's history and among the largest ever in India's electric two-wheeler space.
What Velumani family office funding backs
The family office writes large, all-equity, founder-aligned cheques into Indian manufacturing and deep-build startups. Simple Energy's Series C took the company's cumulative capital raised past Rs 2,530 crore, and the family office had already led Simple's Rs 250 crore round in June 2026. Joining the round were founder-CEO Suhas Rajkumar, co-founder and CFO Ankit Gupta, Bengaluru HNI Amit Mishra and the Haran Family Office — an unusual structure where the founders themselves co-invested alongside the lead.
The Simple Energy case
Simple Energy, founded by Suhas Rajkumar, Shreshth Mishra and Ankit Gupta, builds electric scooters including the Simple One, OneS, Ultra and the family-focused Simple Wave launched in September. The company operates 80 outlets across 60 cities, with installed capacity of 10,000 scooters a month — and demand running at three to four times what it can supply. Revenue rose roughly fourfold to ~Rs 170 crore in FY26 (from ~Rs 40 crore in FY25), with 8,908 scooters sold in FY26 versus 1,959 in FY25. The company targets 25,000 units a month capacity and 160–170 outlets by March 2027, aiming for a top-five spot in India's electric two-wheeler market.
The family office's total deployable capital has not been publicly disclosed.
How to apply for funding
The Velumani family office publishes no website or application route; its deals are founder-led and relationship-driven. Founders of capital-intensive, build-in-India businesses seeking large equity cheques would realistically need a warm introduction — but the office's Simple Energy double-down shows it rewards founders who put their own capital beside its cheques.
Why it matters for founders
The Velumani family office is patient, all-equity capital from a founder who built and listed Thyrocare himself — writing cheques big enough to retool Indian manufacturing. Two lead rounds in Simple Energy within four months shows conviction speed. If you're building hardware in India and can show demand running ahead of supply, this is the kind of family capital worth pursuing.