Crucifer Investments leads $260,000 round in India's Owners ID

UAE-based Crucifer Investments has led a $260,000 pre-seed investment round in Indian startup Owners ID, the company announced on 20 May, 2026. Founded in Bangalore in November 2022, Owners ID develops QR code‑based technology for recovering lost property and intends to use the funding to accelerate product development, scale manufacturing and expand internationally.

"the new funding will help develop its products and technologies, increase manufacturing capacity, update its mobile app, develop AI-based item recovery systems, strengthen its brand, and expand into global markets," Owners ID said in a statement announcing the round.

How Owners ID's technology works

Owners ID offers a privacy‑preserving system for retrieving lost belongings using simple QR codes. The startup emphasises that its solution does not require bystanders to download an app, and its tags and codes function without batteries or expensive devices. The platform is designed to reunite owners with lost items without exposing personal user data such as phone numbers or addresses.

• Use cases listed by Owners ID include bags, keys, wallets, passports and documents.
• The company also targets electronic devices, pet tags and health IDs as applications for its QR code tags.
• Owners ID is developing AI‑based item recovery systems as part of its product roadmap.

The pre-seed round led by Crucifer Investments totals $260,000, providing the Bangalore startup with capital to enhance its mobile app and expand manufacturing capacity for physical tags and labels. Owners ID has positioned its product for everyday use, addressing what it describes as a market where "millions of items are lost annually."

By avoiding the need for additional hardware or complex setup, Owners ID aims to lower friction for finders and owners alike. The company's approach—simple QR codes linked to secure identity data—intends to strike a balance between accessibility and privacy, so that recovered items can be returned without exposing sensitive contact information.

The funding will also support Owners ID's longer‑term ambitions beyond item recovery. The company has signalled plans to broaden into smart identity and digital safety solutions for individuals and property, and to pursue growth in international markets.

Crucifer Investments' lead in the pre-seed round adds to a growing flow of Gulf capital into early‑stage tech ventures across South Asia. For Owners ID, the infusion of $260,000 is targeted at product refinement, scaling production, and the development of AI capabilities intended to improve recovery rates and automate matching between found items and owners.

With the new capital and a roadmap that combines physical tags, mobile tooling and AI, Owners ID is positioning itself to tackle the routine problem of lost belongings while expanding into adjacent identity and safety solutions.