Aavishkaar

Aavishkaar, founded in 2001 and based in Mumbai, is a venture capital firm focused on early-stage investments in underserved regions of Asia Pacific and Africa. The firm aims to catalyze development by identifying promising entrepreneurs and providing them with capital, along with a supportive environment to foster sustainable enterprises. Aavishkaar has innovatively adapted traditional venture capital methodologies to meet the needs of low-income markets, shifting investment risk from technology and product innovation to execution. This approach has enabled Aavishkaar to achieve a successful track record with over $155 million under management, investing in a diverse portfolio that spans sectors such as agriculture, education, energy, and healthcare. By engaging economically vulnerable populations as producers, users, or owners, Aavishkaar not only delivers commercial returns but also promotes significant developmental impacts. As part of its growth strategy, the firm has initiated the Aavishkaar Frontier Fund to extend its model to emerging economies, with a goal of investing in 300 start-ups over the next decade and raising $1 billion to support its mission of sustainable economic growth.

Noshir Colah

Partner

Amol Ganu

Associate Vice President, Finance

Disha Kapadia

Investment Manager

Sushma Kaushik

Partner

Swati Rai

Co-Founder and Director

Neha Saraf

Investment Manager

EN Venkat

Partner

80 past transactions

InI Farms

Venture Round in 2023
InI Farms grows horticulture products in India with improved farming practices, international quality standards, high productivity and world class technology. Currently InI Farms is developing Pomegranate plantations in over 1000 acres of leased land. The project involves increasing the productivity by 2X of current average productivity and the export quality from 40% to 70%. InI has extensive capabilities and in-depth understanding of agriculture domain. Our strong local presence, deep knowledge of market segments, extensive operational experience, strong network and hands-on attitude makes us capable of building profitable farming businesses.

LEO1

Series B in 2022
Visionary Financepeer Private Limited operates as an artificial intelligence-driven school fee financing company based in Mumbai, India. Founded in 2017, it offers a digital lending platform that utilizes algorithms to assess risk from various credit and non-credit bureau channels. The platform is designed to facilitate education loans and peer-to-peer lending, enabling parents and students to pay school fees in manageable installments. Additionally, it provides a range of personal financial products, including home loans, debt consolidation loans, vehicle loans, and business loans. By connecting individual borrowers with lenders through a secure digital medium, the company addresses the financial needs of self-employed individuals, entrepreneurs, and salaried employees.

Altum Credo

Venture Round in 2021
Altum Credo Home Finance (ACHF) is a Housing Finance Company Registered with National Housing Bank (NHB). Head Quartered at Pune, they aim to expand in various locations, Cities and States in the near future. Cater to Home Finance needs of customer segment which has limited access to Long Term Finance & provide best in class personalized service at affordable cost with key thrust on “Convenience, Relevance & Simplicity”. Altum Credo is promoted by three professional entrepreneur with rich experience in retail asset lending with leading banks and financial institution.

AgroStar

Series D in 2021
AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity and income. We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers. AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country. Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit.

Chqbook

Series B in 2021
Chqbook.com, a Gurugram based fintech startup, is building India’s first Market Place Bank for Small Business Owners (across SMEs, HoReCa, and Kiranas) and their employees. Key Pillars: Chqbook is helping Business Owners through five pillars of Accounts, Lending, Insurance, Rewards, and Knowledge. Awards: Winner of many prestigious awards like Fintech Rocketship Award 2019 under the UK-India Fintech Rocketship Programme, Tech30 at TechSparks 2019, and 2018 SuperStartups Asia Awards. Chqbook App Offers over 60 products with zero-fee and negotiated rates – a massive choice to its customers across business loans and credit cards, all in one place. The startup has served over 200,000 customers across 20 cities. Chqbook uses alternate data and works with credit bureaus, partners and financial institutions to provide financial services to over 12,000 business owners per month and process over 40,000 customer applications per month.

Little Laureates

Venture Round in 2021
Little Laureates operates a chain of affordable preschools.

GoBolt

Series B in 2021
GoBolt is a tech-logistics company that specializes in both Line Haul and Short Haul Trucking. It aims to enhance value through dis-intermediation and improved asset utilization, leveraging advanced technology to transform the transportation management industry. The company is developing a next-generation logistics platform that incorporates innovative operating models and scalable processes, emphasizing digitization. GoBolt also features a comprehensive Marketplace Tech Platform that has the potential to integrate various transportation services, including brokerage, insurance, resale, and operational management tools for logistics providers. This end-to-end digital transport management platform is designed to help clients maximize their potential in a rapidly evolving market.

Sky.Garden

Series A in 2021
Sky.Garden develops an online platform that enables businesses to sell any product to defined audiences in Africa. The company also offers its services through a mobile application. The company serves informal traders, small and medium enterprises, and established businesses. The company was founded in 2015 and is based in Nairobi, Kenya.

Utkarsh Small Finance Bank

Venture Round in 2021
Utkarsh Small Finance Bank provides a range of banking services.

Ergos

Series A in 2020
Ergos Business Solutions Pvt Ltd is a technology-driven company focused on enhancing the agricultural supply chain for farmers in India. Founded in 2010 and based in Bengaluru, Ergos develops a platform that facilitates the digitization of food grains, offering services such as storage, credit, and liquidation. The company is establishing micro warehouses to create an integrated supply chain, allowing farmers to store their produce securely and access financial services. By leveraging technology, Ergos empowers farmers to avoid distress sales, reduce wastage, and manage their liquidity needs through partnerships with financial institutions. This approach enables farmers to sell their produce at favorable times, resulting in potential income increases of 25% to 30%. Overall, Ergos aims to transform the agricultural landscape by converting produce into a financial asset for farmers.

Fabelio

Series C in 2020
Fabelio is a design-centric e-tailer operating in Indonesia and soon in entire South East Asia. They partner with the best designers in Indonesia to create original designs and they work closely with the best factories to manufacture good-quality products at attractive prices. At fabelio they focus on furnishing happiness.

Ergos

Series A in 2020
Ergos Business Solutions Pvt Ltd is a technology-driven company focused on enhancing the agricultural supply chain for farmers in India. Founded in 2010 and based in Bengaluru, Ergos develops a platform that facilitates the digitization of food grains, offering services such as storage, credit, and liquidation. The company is establishing micro warehouses to create an integrated supply chain, allowing farmers to store their produce securely and access financial services. By leveraging technology, Ergos empowers farmers to avoid distress sales, reduce wastage, and manage their liquidity needs through partnerships with financial institutions. This approach enables farmers to sell their produce at favorable times, resulting in potential income increases of 25% to 30%. Overall, Ergos aims to transform the agricultural landscape by converting produce into a financial asset for farmers.

Chqbook

Series A in 2020
Chqbook.com, a Gurugram based fintech startup, is building India’s first Market Place Bank for Small Business Owners (across SMEs, HoReCa, and Kiranas) and their employees. Key Pillars: Chqbook is helping Business Owners through five pillars of Accounts, Lending, Insurance, Rewards, and Knowledge. Awards: Winner of many prestigious awards like Fintech Rocketship Award 2019 under the UK-India Fintech Rocketship Programme, Tech30 at TechSparks 2019, and 2018 SuperStartups Asia Awards. Chqbook App Offers over 60 products with zero-fee and negotiated rates – a massive choice to its customers across business loans and credit cards, all in one place. The startup has served over 200,000 customers across 20 cities. Chqbook uses alternate data and works with credit bureaus, partners and financial institutions to provide financial services to over 12,000 business owners per month and process over 40,000 customer applications per month.

Sindabad.com

Series A in 2019
Sindabad.com is the first and largest B2B e-commerce platform in Bangladesh, launched in mid-2016. It offers a comprehensive purchasing solution for business buyers, including offices, factories, and SMEs, by providing direct-to-office deliveries of a wide range of products such as stationery, IT equipment, cleaning supplies, and industrial items. The company serves various industries, including finance, education, manufacturing, and pharmaceuticals, and has built a diverse customer base that includes leading financial institutions and local conglomerates. With a workforce of nearly 200 employees, Sindabad.com operates two state-of-the-art warehouses and maintains its own delivery fleet in Dhaka. Over its relatively short history, the platform has rapidly expanded, now catering to more than 500 corporate customers and over 4,200 SMEs, with numbers continuing to grow.

AgroStar

Series C in 2019
AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity and income. We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers. AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country. Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit.

GoBolt

Series A in 2018
GoBolt is a tech-logistics company that specializes in both Line Haul and Short Haul Trucking. It aims to enhance value through dis-intermediation and improved asset utilization, leveraging advanced technology to transform the transportation management industry. The company is developing a next-generation logistics platform that incorporates innovative operating models and scalable processes, emphasizing digitization. GoBolt also features a comprehensive Marketplace Tech Platform that has the potential to integrate various transportation services, including brokerage, insurance, resale, and operational management tools for logistics providers. This end-to-end digital transport management platform is designed to help clients maximize their potential in a rapidly evolving market.

NEPRA Resource Management

Series B in 2018
NEPRA Resource Management provides waste management solutions in India. It offers dry waste management and recycling; waste pick up; and waste handling and reporting. NEPRA Resource Management collects and processes a range of materials, including commercial and industrial waste, paper and cardboard, metal, glass, plastic, E-waste, and wood. It offers services for waste-pickers/society cleaners/building care takers/malls/residential societies/commercial establishments or any other type of waste generator. NEPRA Resource Management serves hotel, IT, telecom, and research industries; retail sectors, multi brand outlets, residential associations, individual households, and townships; and Ahmedabad Municipal Corporation. It began operation in 2006, with its headquarters in Ahmedabad in India as a subsidiary of Nepra Group.

Altum Credo

Venture Round in 2018
Altum Credo Home Finance (ACHF) is a Housing Finance Company Registered with National Housing Bank (NHB). Head Quartered at Pune, they aim to expand in various locations, Cities and States in the near future. Cater to Home Finance needs of customer segment which has limited access to Long Term Finance & provide best in class personalized service at affordable cost with key thrust on “Convenience, Relevance & Simplicity”. Altum Credo is promoted by three professional entrepreneur with rich experience in retail asset lending with leading banks and financial institution.

Soulfull

Series A in 2018
Soulfull is a manufacturer and retailer of ready-to-eat cereals designed to offer a healthy breakfast option. The company's products are all-natural and made from grains that require less water for cultivation. They are gluten-free, free of preservatives, and high in fiber, catering to consumers seeking nutritious and delicious meal choices. Soulfull's focus on sustainability and health aligns with the growing demand for wholesome food alternatives in the market.

Fabelio

Series B in 2018
Fabelio is a design-centric e-tailer operating in Indonesia and soon in entire South East Asia. They partner with the best designers in Indonesia to create original designs and they work closely with the best factories to manufacture good-quality products at attractive prices. At fabelio they focus on furnishing happiness.

Vaatsalya Healthcare

Private Equity Round in 2018
Vaatsalya Healthcare Solutions Pvt. Ltd. owns and operates a chain of hospitals in Karnataka and Andhra Pradesh. The company offers pharmacy, laboratory, emergency, ambulance, causality, dialysis, radiology, and operation, as well as general medicine, pediatrics, and gynecology services. It also operates clinics. Vaatsalya Healthcare Solutions Pvt. Ltd. was founded in 2004 and is based in Bengaluru, India. It has hospitals in Gadag, Hassan, Shimoga, Hubli, Mysuru, Chickmagaluru, and Narasannapeta, India.

Ergos

Seed Round in 2017
Ergos Business Solutions Pvt Ltd is a technology-driven company focused on enhancing the agricultural supply chain for farmers in India. Founded in 2010 and based in Bengaluru, Ergos develops a platform that facilitates the digitization of food grains, offering services such as storage, credit, and liquidation. The company is establishing micro warehouses to create an integrated supply chain, allowing farmers to store their produce securely and access financial services. By leveraging technology, Ergos empowers farmers to avoid distress sales, reduce wastage, and manage their liquidity needs through partnerships with financial institutions. This approach enables farmers to sell their produce at favorable times, resulting in potential income increases of 25% to 30%. Overall, Ergos aims to transform the agricultural landscape by converting produce into a financial asset for farmers.

Intellecap

Venture Round in 2017
Intellecap Advisory Services Private Limited, established in 2002 and headquartered in Hyderabad, India, with an additional office in Mumbai, is a social-sector advisory firm that serves a diverse clientele, including corporates, non-profits, development agencies, and governments in developing markets. The firm specializes in facilitating investments, providing consulting services, and generating knowledge focused on scalable and sustainable development initiatives. Intellecap offers a range of services, including enterprise support, capital advisory, and research, advising clients on grant funding, mergers and acquisitions, angel investing, and corporate financing transactions. Its expertise spans various industries, such as real estate, information technology, education, environmental services, transportation, food products, beverages, retail, and logistics. Intellecap operates as the advisory arm of the Aavishkaar-Intellecap Group, emphasizing its commitment to fostering sustainable growth in emerging economies.

Qlapa

Series A in 2017
Qlapa is the online trading site for handmade products and crafts such as wooden furniture, jewelry, hanging ornaments, paintings, leather wallets and other handmade products. Discover a variety of unique products are not sold in other places ranging from traditional crafts to the modern design product! Qlapa chose the products sold on this site one by one to conform to the standards of good quality so you can find interesting products in accordance with your wishes. Qlapa will continue the payment to the seller if the product you have received. If the transaction is canceled before the product is shipped, your money will be refunded 100%. Simple, safe and do not have far to go shopping! Qlapa provides a stage for creative local produce unique and quality, in order to reach out to local and international buyers.

AgroStar

Series B in 2017
AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity and income. We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers. AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country. Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit.

Milk Mantra

Series D in 2017
Milk Mantra is a funded agri food and beverage startup with big ideas. Ideas about creating the most healthy dairy products for the customers and reaching this in a first of its kind distribution model. They are an honest effort in making a real sustainable positive impact in Odisha with the big and the small things that they do, and in the process create an enterprise that they are all proud of. Its Milky Moo brand is a growing dairy brand in the country. The Milky Moo range is available across Eastern India.

Osam Dairy

Series B in 2016
Osam procures every drop of milk from a network of trained dairy farmers. The rigorous training is supplemented by quality checks at the time of procurement on a daily basis through Milk Analyser which checks the milk on pre-defined parameters. If the milk does not meet our standards on purity, quality and freshness, we reject the milk at the farm level. Once the milk comes to the plant, expert dairy professionals take over in a modern, eco friendly and hygienic infrastructural set up. The milk is neither exposed to air or human touch. We ensure that nothing but the best comes out of the ‘Osam’ plant. We are proud of our infrastructure and processes and we will be humbled if you would visit us at our plant in Patratu any time convenient for you.

Jaypore

Venture Round in 2016
Jaypore is an online retail platform based in New Delhi, India, specializing in Indian textiles and handcrafted products. Founded in 2012, it features a curated marketplace that connects artisans and independent producers with consumers worldwide. The platform offers a diverse range of products, including apparel, accessories, home decor, gifts, and fashion jewelry, all showcasing traditional and contemporary Indian craftsmanship. Jaypore aims to provide individuals with easy access to a variety of artisan-based goods at reasonable prices. Its product offerings encompass a wide array of items, such as sarees, tunics, home textiles, decorative arts, and personal care products. The company operates as a subsidiary of Aditya Birla Fashion and Retail Limited.

CloudWell

Venture Round in 2016
CloudWell is an Application Service provider, working for multiple verticals with a special concentration in payments sector. Its focus is to bring efficiency in payment systems so that cost of funds gets lowered for business houses whilst utilizing all available channels for collection of funds.

MAs Foods

Venture Round in 2016
Ma's Kitchen is a food Manufacturing company, specialising in spices, savoury ingredients and meal solutions, to the conventional, organic and fair trade markets.

Jaypore

Series A in 2016
Jaypore is an online retail platform based in New Delhi, India, specializing in Indian textiles and handcrafted products. Founded in 2012, it features a curated marketplace that connects artisans and independent producers with consumers worldwide. The platform offers a diverse range of products, including apparel, accessories, home decor, gifts, and fashion jewelry, all showcasing traditional and contemporary Indian craftsmanship. Jaypore aims to provide individuals with easy access to a variety of artisan-based goods at reasonable prices. Its product offerings encompass a wide array of items, such as sarees, tunics, home textiles, decorative arts, and personal care products. The company operates as a subsidiary of Aditya Birla Fashion and Retail Limited.

Swarna Pragati Housing

Series B in 2015
Swarna Pragati Housing Microfinance specializes in providing housing microfinance loans to low-income households in rural India. Founded in 2010 and headquartered in Chennai, the organization offers various loan products aimed at improving living conditions, including loans for new construction, repairs, and upgrades of homes. Additionally, Swarna Pragati Housing provides incremental housing loans for specific construction components, such as laying foundations and installing roofing or flooring. The company aims to enhance the quality of life for its clients by enabling access to affordable financing, thereby improving health, education, and livelihood opportunities for families in need.

MeraDoctor

Seed Round in 2015
MeraDoctor is India's largest platform for live chat consultations with doctors. Their focus is on quickly getting users high-quality medical advice from licensed, carefully screened and trained doctors. By focusing on chat (like WhatsApp), they give people the most convenient and easy way to get advice.

Karadi Path

Series A in 2015
Karadi Path Education Company Pvt. Ltd., an extension of Karadi Tales, focuses on enhancing language skills, particularly spoken English, through innovative educational services. Recognizing a significant demand for effective language development, the company has developed a unique language learning process that emphasizes discovery-based learning. This approach allows children to engage with the material in a fun and interactive manner, thereby making the learning experience enjoyable and effective. By building on the success of Karadi Tales audiobooks, Karadi Path aims to address the gaps in language acquisition and support students in achieving fluency.

Ergos

Seed Round in 2015
Ergos Business Solutions Pvt Ltd is a technology-driven company focused on enhancing the agricultural supply chain for farmers in India. Founded in 2010 and based in Bengaluru, Ergos develops a platform that facilitates the digitization of food grains, offering services such as storage, credit, and liquidation. The company is establishing micro warehouses to create an integrated supply chain, allowing farmers to store their produce securely and access financial services. By leveraging technology, Ergos empowers farmers to avoid distress sales, reduce wastage, and manage their liquidity needs through partnerships with financial institutions. This approach enables farmers to sell their produce at favorable times, resulting in potential income increases of 25% to 30%. Overall, Ergos aims to transform the agricultural landscape by converting produce into a financial asset for farmers.

AgroStar

Series A in 2015
AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity and income. We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers. AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country. Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit.

Let's Recycle

Series B in 2015
Let’s Recycle is the largest waste management solution in India. We strategize to bring in environmental solutions that can help the communities and organizations to become sustainable. With the wide spread network of recycling facilities our business adapts to meet the needs of various costumer groups by tailoring, scheduling and organizing our operations to suite their requirements. Since 2012 we have helped 500+ customers become greener. Let’s Recycle has formalized the Indian unregulated and unorganized waste management sector by sourcing waste from the marginalized waste pickers, ensuring long standing relationships by providing fair and transparent prices. We have impacted the lives of 5000+ people from bottom of pyramid and are committed to do in future.

Utkarsh Micro Finance

Series D in 2014
Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need of capital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged.

Ergos

Seed Round in 2014
Ergos Business Solutions Pvt Ltd is a technology-driven company focused on enhancing the agricultural supply chain for farmers in India. Founded in 2010 and based in Bengaluru, Ergos develops a platform that facilitates the digitization of food grains, offering services such as storage, credit, and liquidation. The company is establishing micro warehouses to create an integrated supply chain, allowing farmers to store their produce securely and access financial services. By leveraging technology, Ergos empowers farmers to avoid distress sales, reduce wastage, and manage their liquidity needs through partnerships with financial institutions. This approach enables farmers to sell their produce at favorable times, resulting in potential income increases of 25% to 30%. Overall, Ergos aims to transform the agricultural landscape by converting produce into a financial asset for farmers.

AgroStar

Seed Round in 2014
AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity and income. We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers. AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country. Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit.

Milk Mantra

Series C in 2014
Milk Mantra is a funded agri food and beverage startup with big ideas. Ideas about creating the most healthy dairy products for the customers and reaching this in a first of its kind distribution model. They are an honest effort in making a real sustainable positive impact in Odisha with the big and the small things that they do, and in the process create an enterprise that they are all proud of. Its Milky Moo brand is a growing dairy brand in the country. The Milky Moo range is available across Eastern India.

Suryoday Small Finance Bank

Venture Round in 2014
Suryoday Small Finance Bank Limited is a small finance bank in India focused on promoting financial inclusion for the unserved and underserved segments of the population. Established in 2008 and based in Navi Mumbai, the bank offers a range of banking services, including savings and current accounts, term deposits, and loans for mortgages, commercial vehicles, and micro, small, and medium enterprises. It also provides home loans, secured business loans, and group loans, along with various insurance products and pension schemes. The bank supports its customers with debit cards, NRI banking services, and digital banking facilities, while also operating 482 banking outlets across 12 states and union territories as of July 2020. Originally founded as Suryoday Micro Finance Limited, the institution rebranded in January 2017 to better reflect its broader banking services aimed at improving the financial well-being of economically disadvantaged individuals and reducing poverty in its operational areas.

Mela Artisans

Venture Round in 2014
Mela Artisans, Inc. is an online retailer specializing in home decoration, jewelry, gifts, and accessories. Founded in 2010 by Navrose S. Mehta and Sonana Mehta-Rao, the company is headquartered in Boca Raton, Florida. Mela Artisans offers a diverse range of products, including decorative items such as photo frames, candle holders, trays, tabletops, boxes, bowls, throws, and decorative pillows. In addition to home decor, the company features a selection of jewelry, including necklaces, earrings, and bracelets, as well as accessories like scarves, hats, and wraps. Mela Artisans also provides gifts suitable for various occasions, including housewarming, weddings, and celebrations for women. The company focuses on serving customers through its online platform.

NEPRA Resource Management

Series B in 2014
NEPRA Resource Management provides waste management solutions in India. It offers dry waste management and recycling; waste pick up; and waste handling and reporting. NEPRA Resource Management collects and processes a range of materials, including commercial and industrial waste, paper and cardboard, metal, glass, plastic, E-waste, and wood. It offers services for waste-pickers/society cleaners/building care takers/malls/residential societies/commercial establishments or any other type of waste generator. NEPRA Resource Management serves hotel, IT, telecom, and research industries; retail sectors, multi brand outlets, residential associations, individual households, and townships; and Ahmedabad Municipal Corporation. It began operation in 2006, with its headquarters in Ahmedabad in India as a subsidiary of Nepra Group.

Mandala Apparels

Venture Round in 2014
We manufacture apparels in both woven and knits and our factory has GOTS/FLO certifications. Our strength is in handling a wide category of products starting from infant, kids, adult, bed linen, soft toys and accessories and organic fabric in meters. We take pride in implementing a sustainable business by creating a balance between social, environmental and economic factors. In our manufacturing unit we also try to empower women and therefore about 80% of our production staff consists of women. In the near future our effort is to create a value based supply chain from the farmer to the finished product and support our clients right from the grass root level up to the end customer to create awareness.

HR Food Processing

Series A in 2014
HR Food Processing, founded by Abhinav Shah, Rakesh Sharma, Abhishek Rajan and Harsh Thakkar, started operations in May 2015 with a single processing plant in Jharkhand. The company sells two varieties of milk, besides value-added products such as paneer, curd, sweet curd, mango lassi, lassi, butter milk and pedha under the Osam brand.

ULink BioEnergy

Seed Round in 2014
ULink BioEnergy manufactures and distributes biodegradable organic fertilizers.

Utkarsh Micro Finance

Debt Financing in 2013
Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need of capital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged.

Electronic Payment and Services

Venture Round in 2013
EPS is founded by professionals who have been part of the retail, banking, oil and technology space for more than a decade. EPS senior management together have 30 years of retail payments experience and been in the fore front various new initiatives in the country for last decade or so. EPS has formed primarily to provide quality payment services for value.

Little Laureates

Venture Round in 2013
Little Laureates operates a chain of affordable preschools.

Arohan

Venture Round in 2013
Arohan Financial Services Limited is a non-banking financial company based in Kolkata, India, that specializes in providing a diverse range of financial services primarily to economically active women and small businesses in low-income areas. The company offers microfinance solutions, including small loans for personal and business use, and focuses on facilitating financial inclusion through various products such as loans for shopkeepers, toilet construction, and utility needs. Additionally, Arohan provides supplementary services like group term life insurance and hospi-cash products, along with micro, small, and medium enterprise lending options. Established in 1991, Arohan operates through a network of branches to reach remote locations, thereby enhancing access to financial services for underserved populations. The company is committed to supporting entrepreneurship and development through its loan offerings and financial safety net products.
EPS is founded by professionals who have been part of the retail, banking, oil and technology space for more than a decade. EPS senior management together have 30 years of retail payments experience and been in the fore front various new initiatives in the country for last decade or so. EPS has formed primarily to provide quality payment services for value.

Utkarsh Micro Finance

Series C in 2013
Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need of capital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged.

Milk Mantra

Series B in 2013
Milk Mantra is a funded agri food and beverage startup with big ideas. Ideas about creating the most healthy dairy products for the customers and reaching this in a first of its kind distribution model. They are an honest effort in making a real sustainable positive impact in Odisha with the big and the small things that they do, and in the process create an enterprise that they are all proud of. Its Milky Moo brand is a growing dairy brand in the country. The Milky Moo range is available across Eastern India.

AgroStar

Seed Round in 2013
AgroStar is India’s foremost AgTech start-up working on the mission of #HelpingFarmersWin by providing a complete range of agri solutions at the fingertips of farmers. AgroStar’s tech platform provides a combination of agronomy advice coupled with service and agri input products that enable farmers to significantly improve their productivity and income. We use an extensive amount of data, technology and agronomy knowledge to give the right solutions (advice+products) to Indian farmers. AgroStar currently operates in the states of Gujarat, Maharashtra, and Rajasthan and has over 5 Lakh farmers on its digital platform. Farmers in these states can avail agri solutions for their entire crop life-cycle with a simple “missed call” or through its Android app, which is amongst the highest rated farming focused apps in the country. Over the next 5 years, we plan to continue to provide incremental value to farmers in terms of wide range of inputs delivered at their doorsteps, world-class agronomy guidance and also access to market linkages and credit.

ULink BioEnergy

Venture Round in 2013
ULink BioEnergy manufactures and distributes biodegradable organic fertilizers.

NEPRA Resource Management

Series A in 2013
NEPRA Resource Management provides waste management solutions in India. It offers dry waste management and recycling; waste pick up; and waste handling and reporting. NEPRA Resource Management collects and processes a range of materials, including commercial and industrial waste, paper and cardboard, metal, glass, plastic, E-waste, and wood. It offers services for waste-pickers/society cleaners/building care takers/malls/residential societies/commercial establishments or any other type of waste generator. NEPRA Resource Management serves hotel, IT, telecom, and research industries; retail sectors, multi brand outlets, residential associations, individual households, and townships; and Ahmedabad Municipal Corporation. It began operation in 2006, with its headquarters in Ahmedabad in India as a subsidiary of Nepra Group.
EPS is founded by professionals who have been part of the retail, banking, oil and technology space for more than a decade. EPS senior management together have 30 years of retail payments experience and been in the fore front various new initiatives in the country for last decade or so. EPS has formed primarily to provide quality payment services for value.

Vana Vidyut

Venture Round in 2012
Vana Vidyut Pvt. Ltd. (VVPL) is providing power to people harnessing natural resources. VVPL is the first in the country to have a 360-degree model from biomass plantations to biomass based power plants.

Karadi Path

Venture Round in 2012
Karadi Path Education Company Pvt. Ltd., an extension of Karadi Tales, focuses on enhancing language skills, particularly spoken English, through innovative educational services. Recognizing a significant demand for effective language development, the company has developed a unique language learning process that emphasizes discovery-based learning. This approach allows children to engage with the material in a fun and interactive manner, thereby making the learning experience enjoyable and effective. By building on the success of Karadi Tales audiobooks, Karadi Path aims to address the gaps in language acquisition and support students in achieving fluency.

Vortex Engineering

Venture Round in 2011
Vortex Engineering Private Limited specializes in designing, developing, manufacturing, and marketing automated teller machines (ATMs) for banks in India and abroad. The company offers a comprehensive suite of software and services for ATM management, aimed at maximizing ATM availability and providing tailored solutions for banks and service providers. Vortex's product range includes the Ecoteller, a low-power ATM suitable for various settings, a small bunch note acceptor for instant cash deposits, and the Gramateller Duo, which operates on solar power for non-metropolitan areas. Additionally, Vortex provides two operational models for its services: a hosted model at its data center and a customer-hosted model at the bank's facilities. Their offerings include an ATM management center, managed services for monitoring, and a marketing platform for banks to promote advertisements on ATM screens. Established in 2001 and headquartered in Chennai, Vortex Engineering is committed to enhancing self-service banking capabilities in emerging markets and exports its products to customers in Asia and Africa.

Vortex Engineering

Venture Round in 2011
Vortex manufactures and sells ATMs, including solar powered machines, for use in rural and semi-urban areas across India.

Milk Mantra

Series A in 2011
Milk Mantra is a funded agri food and beverage startup with big ideas. Ideas about creating the most healthy dairy products for the customers and reaching this in a first of its kind distribution model. They are an honest effort in making a real sustainable positive impact in Odisha with the big and the small things that they do, and in the process create an enterprise that they are all proud of. Its Milky Moo brand is a growing dairy brand in the country. The Milky Moo range is available across Eastern India.

InI Farms

Seed Round in 2011
InI Farms grows horticulture products in India with improved farming practices, international quality standards, high productivity and world class technology. Currently InI Farms is developing Pomegranate plantations in over 1000 acres of leased land. The project involves increasing the productivity by 2X of current average productivity and the export quality from 40% to 70%. InI has extensive capabilities and in-depth understanding of agriculture domain. Our strong local presence, deep knowledge of market segments, extensive operational experience, strong network and hands-on attitude makes us capable of building profitable farming businesses.

Butterfly Fields

Venture Round in 2010
Butterfly Fields was founded by people with a passion to create more ‘doers’ in India. They felt that the Indian educational system, with its emphasis on theory and exams, was taking the joy out of learning and more importantly, its very purpose. As with many great journeys, Butterfly Fields began its journey by asking some simple questions that challenged the status quo:

GV Meditech

Venture Round in 2010
GV Meditech Ltd. owns and operates a chain of tertiary care hospitals in and around Varanasi. It offers consultation, diagnostic, preventive health check package, operation, I.C.U., physiotherapy, dialysis, pharmacy, and other services.

B2R

Venture Round in 2010
B2R (Business-To-Rural) is a for-profit social enterprise based in Uttarakhand, India, focused on establishing and managing rural Business Process Management (BPM) centers. The organization aims to enhance rural business productivity by offering business process outsourcing services, including data abstraction, coding, underwriting, logical unitization, and KYC account verification maintenance. By providing these services, B2R creates employment opportunities for educated but unemployed youth, helping them secure viable livelihoods. The enterprise is dedicated to delivering both business and social value, thus fostering economic growth and improving the quality of life in rural areas through a scalable impact model.

CreditAccess Grameen

Series B in 2009
CreditAccess Grameen provides micro financial products and services for women from rural poor and low income households in India. It offers microcredit loans for income generation, family welfare, emergency, and home improvement, as well as micro insurance services covering life insurance, health insurance, and national pension scheme. CreditAccess Grameen also provides non-financial services, such as enterprise development, financial literacy promotion, basic health/nutrition education, basic medical services, special medical services for women and children, and training for women and women's rights/gender issues education. Vinatha M. Reddy founded Grameen Koota Financial Services in 1999. It became CreditAccess Grameen in January 2018, with its headquarters in Bengaluru in India.

Waterlife India Pvt. Ltd.

Venture Round in 2009
Waterlife India Private Limited provides solutions for water and waste water. The company offers drinking water, water harvesting, waste water management, and industrial solutions, as well as franchisee opportunities. It provides its products through a network of stores in villages, urban centers, and corporates in India. The company was founded in 2008 and is based in Hyderabad, India with additional offices in Uttar Pradesh, Karnataka, Mumbai, Bihar, Puducherry, Aurangabad, and West Bengal.

Zameen Organic

Seed Round in 2009
Zameen is a farmers company marketing Fair trade and Organic products. Zameen's aim is to improve the livelihoods of rural farming communities, and build more transparent and ethical value chains. Zameen connects brands and farmers directly. Close collaboration makes value chains more transparent and enables collaboration. Imagine if consumers, factory workers and farmers would be able to work together to solve issues like climate change, water shortage and child labour !!

Swas Healthcare

Venture Round in 2009
Swas Healthcare Pvt. Ltd. provides professional healthcare services to traditional medicine system based healthcare centers and hospitals. It offers management contract services, as well as provides consulting services, such as feasibility study and preparation of project report, project planning, implementation, and management audit for ayurveda and nature cure centers. The company operates a nature cure center and an out patient department center that provide healthcare services using naturopathy, ayurveda, and yoga. Swas Healthcare Pvt. Ltd. was incorporated in 2006 and is based in Ahmedabad, India.

Sara Plast

Venture Round in 2009
Sara Plast designs, manufactures, and supplies customized sanitation solutions for urban and rural India. It offers portable toilets/rest rooms; luxury restroom containers for specialty events, VIP functions, and long term deployments at oil fields and military camps; single user/two user hand wash stations; urinals; showers; and septic tanks. Sara Plast's services include installation of toilets/restrooms, cleaning, evacuation, waste disposal, and recycling sewage water. It offers sanitation solutions for infrastructure and construction, events, government and corporate social responsibility, industry and manufacturing, and disaster management applications. It also provides sanitation solutions for rent. Rajiv Kher founded Sara Plast in 1999. It has its headquarters in Pune in India.

Milk Mantra

Seed Round in 2009
Milk Mantra is a funded agri food and beverage startup with big ideas. Ideas about creating the most healthy dairy products for the customers and reaching this in a first of its kind distribution model. They are an honest effort in making a real sustainable positive impact in Odisha with the big and the small things that they do, and in the process create an enterprise that they are all proud of. Its Milky Moo brand is a growing dairy brand in the country. The Milky Moo range is available across Eastern India.

CreditAccess Grameen

Series A in 2008
CreditAccess Grameen provides micro financial products and services for women from rural poor and low income households in India. It offers microcredit loans for income generation, family welfare, emergency, and home improvement, as well as micro insurance services covering life insurance, health insurance, and national pension scheme. CreditAccess Grameen also provides non-financial services, such as enterprise development, financial literacy promotion, basic health/nutrition education, basic medical services, special medical services for women and children, and training for women and women's rights/gender issues education. Vinatha M. Reddy founded Grameen Koota Financial Services in 1999. It became CreditAccess Grameen in January 2018, with its headquarters in Bengaluru in India.
Akashganga is a pioneer dairy industry service provider since 1996
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