Zephyr Management, L.P.
Emerging managerSEC-registered investment adviser.
- HQ
- NY
Zephyr Management, L.P. is led by Mukul Gulati, President and Chief Investment Officer. Its listed portfolio companies include Ripplr, a tech-enabled logistics and consumer products distributor; ZippMat, which provides tech-enabled construction supply chain services; Curefoods, a cloud kitchen operator in India; Varthana, which lends to affordable private schools; Poshn, an online agri-commodity wholesale marketplace; and Agnit Semiconductors.
New fund likely raising soon
The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | Growth, Series A, Series B |
| Sectors | Not stated | Not enough dated deals | Fintech, Construction and proptech, Edtech, Foodtech, Hardware |
| Regions | Not stated | Not enough dated deals | None |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2008 | 1 | Fintech |
| 2010 | 2 | Hardware |
| 2011 | 1 | Biotech, Life sciences and research tools |
| 2012 | 1 | Construction and proptech |
| 2013 | 2 | Construction and proptech, Hardware, Logistics |
| 2015 | 2 | Construction and proptech, Fintech, Media |
| 2016 | 3 | Edtech, Fintech, Consumer |
| 2017 | 3 | Foodtech, HR and future of work |
| 2018 | 1 | Enterprise SaaS |
| 2019 | 4 | Consumer, Ecommerce, Edtech |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 0 | 0 | 1 | 1 |
| 2011 | 0 | 0 | 0 | 0 | 1 |
| 2012 | 0 | 0 | 0 | 0 | 0 |
| 2013 | 0 | 0 | 0 | 0 | 2 |
| 2014 | 0 | 0 | 0 | 0 | 0 |
| 2015 | 0 | 1 | 0 | 1 | 0 |
| 2016 | 0 | 0 | 1 | 1 | 1 |
| 2017 | 0 | 1 | 1 | 1 | 0 |
| 2018 | 0 | 0 | 1 | 0 | 0 |
| 2019 | 0 | 0 | 1 | 0 | 2 |
| 2020 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Zephyr Acorn Venture Fund L.P. Zephyr Peacock provides equity financing to fast-growing, early to growth stage companies led by strong entrepreneurs, focusing on fintech, food and agriculture, infratech, and advanced manufacturing. It backs businesses with proven models and a path to market leadership, and helps build them. Inferred from the firm's website | 2022 | $2.28M to $30M (Form D) | Late investment period |
03 · People across funds
- Mukul Gulati, President & CIO
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.zephyrpeacock.com
- https://zmlp.com/zephyrpeacock/contact/
- https://zmlp.com/zephyrpeacock/team/
- https://zmlp.com/zephyrpeacock/
- https://zmlp.com/news/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026