Aavishkaar Capital

Aavishkaar, founded in 2001 and headquartered in Mumbai, is a venture capital firm that focuses on early-stage investments in underserved regions, particularly within Asia Pacific and Africa. The firm aims to catalyze development by identifying capable entrepreneurs and providing them with capital alongside a supportive environment to foster sustainable enterprises. Aavishkaar innovatively applies venture capital methodologies to low-income markets, emphasizing execution over product innovation to better meet the needs of these communities. The firm has a diverse portfolio that spans sectors such as agriculture, education, healthcare, and financial inclusion, and has successfully managed over $155 million in investments. Aavishkaar also seeks to expand its impact internationally through the Aavishkaar Frontier Fund, targeting emerging economies with significant low-income populations. With a goal of investing in 300 start-ups over the next decade, Aavishkaar aims to nurture local entrepreneurial talent and promote enterprise-based development, ultimately contributing to sustainable economic growth in these regions.

Anurag Agrawal

Partner

Divya Gupta

Director

Shyamkant Joshi

Managing Director

Darren Lobo

Associate Director

Tarun Mehta

Partner

Abhishek Mittal

Partner, Credit

Shashvat Rai

Managing Director

80 past transactions

InI Farms

Venture Round in 2023
InI Farms Pvt. Ltd., established in 2009 and based in Mumbai, India, is a horticulture company specializing in the production and supply of pomegranates and bananas. The company operates over 1,000 acres of leased land dedicated to developing pomegranate plantations, with a focus on enhancing productivity and improving export quality. By implementing advanced farming practices and adhering to international quality standards, InI Farms aims to double current productivity levels and increase the proportion of export-quality produce from 40% to 70%. Additionally, the company provides farm extension services to small-hold farmers and manages post-harvest processing, ensuring that fruits reach consumers fresh and free of preservatives. InI Farms leverages its extensive agricultural expertise and strong local presence to build profitable farming businesses targeted at both domestic and international markets.

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 a leading AgTech start-up in India dedicated to supporting farmers by offering a comprehensive range of agricultural solutions. Through its technology platform, AgroStar provides agronomy advice, services, and agricultural input products that aim to enhance farmers' productivity and income. The platform leverages extensive data and agronomy expertise to deliver tailored solutions to Indian farmers. Operating primarily in Gujarat, Maharashtra, and Rajasthan, AgroStar serves over 500,000 farmers, who can access solutions for their entire crop life-cycle via a simple missed call or through its highly-rated Android app. The company's offerings include expert advice, personalized content, and agricultural inputs such as seeds and nutrients. Over the next five years, AgroStar plans to expand its services, providing farmers with a wider range of inputs delivered to their doorsteps, superior agronomy guidance, and improved access to market linkages and credit.

Chqbook

Series B in 2021
Chqbook is a Gurugram-based fintech startup focused on creating India's first Market Place Bank for small business owners, including SMEs, HoReCa, and Kiranas. The platform offers a wide range of services through five key pillars: Accounts, Lending, Insurance, Rewards, and Knowledge. Chqbook provides over 60 products with zero fees and negotiated rates, facilitating access to business loans and credit cards for its customers. The startup has successfully served more than 200,000 clients across 20 cities and processes over 40,000 customer applications monthly, leveraging alternate data in collaboration with credit bureaus and financial institutions. Recognized for its innovation, Chqbook has received several awards, including the Fintech Rocketship Award 2019 and the Tech30 accolade at TechSparks 2019.

Little Laureates

Venture Round in 2021
Little Laureates operates a chain of affordable preschools focused on providing educational and training services for young children. The organization emphasizes dynamic and interactive learning experiences, offering live classes and a range of learning aids designed to support self-paced education. Additionally, Little Laureates provides reports and analytics on each child's learning progress, ensuring that parents are informed about their development. The preschools aim to create a challenging yet culturally enriching environment where children can play, learn, and grow effectively.

GoBolt

Series B in 2021
GoBolt is a tech-logistics company focused on transforming the transportation management industry through its logistics management platform. By leveraging advanced technology and a vast network, GoBolt offers solutions for express logistics, including optimal vehicle selection, route planning, and real-time vehicle tracking. The company emphasizes increased asset utilization and aims to reduce transit times while enabling clients to manage their goods more efficiently and reduce costs. GoBolt's marketplace platform also has the potential to integrate various transportation elements, such as brokerage and insurance, thereby creating a comprehensive solution for logistics needs.

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.

Sei Balai Indo Balai

Venture Round in 2021
Producer of tapioca starch intended to be used in pulp, paper, and food applications. The company's starch uses biogas energy from production waste and re-cycles the wastewater, enabling clients to get quality content starch raw material.

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 is a Gurugram-based fintech startup focused on creating India's first Market Place Bank for small business owners, including SMEs, HoReCa, and Kiranas. The platform offers a wide range of services through five key pillars: Accounts, Lending, Insurance, Rewards, and Knowledge. Chqbook provides over 60 products with zero fees and negotiated rates, facilitating access to business loans and credit cards for its customers. The startup has successfully served more than 200,000 clients across 20 cities and processes over 40,000 customer applications monthly, leveraging alternate data in collaboration with credit bureaus and financial institutions. Recognized for its innovation, Chqbook has received several awards, including the Fintech Rocketship Award 2019 and the Tech30 accolade at TechSparks 2019.

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 a leading AgTech start-up in India dedicated to supporting farmers by offering a comprehensive range of agricultural solutions. Through its technology platform, AgroStar provides agronomy advice, services, and agricultural input products that aim to enhance farmers' productivity and income. The platform leverages extensive data and agronomy expertise to deliver tailored solutions to Indian farmers. Operating primarily in Gujarat, Maharashtra, and Rajasthan, AgroStar serves over 500,000 farmers, who can access solutions for their entire crop life-cycle via a simple missed call or through its highly-rated Android app. The company's offerings include expert advice, personalized content, and agricultural inputs such as seeds and nutrients. Over the next five years, AgroStar plans to expand its services, providing farmers with a wider range of inputs delivered to their doorsteps, superior agronomy guidance, and improved access to market linkages and credit.

GoBolt

Series A in 2018
GoBolt is a tech-logistics company focused on transforming the transportation management industry through its logistics management platform. By leveraging advanced technology and a vast network, GoBolt offers solutions for express logistics, including optimal vehicle selection, route planning, and real-time vehicle tracking. The company emphasizes increased asset utilization and aims to reduce transit times while enabling clients to manage their goods more efficiently and reduce costs. GoBolt's marketplace platform also has the potential to integrate various transportation elements, such as brokerage and insurance, thereby creating a comprehensive solution for logistics needs.

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 an online marketplace specializing in handmade products and crafts, offering a range of unique items such as wooden furniture, jewelry, hanging ornaments, paintings, and leather wallets. The platform connects artists and makers directly with potential buyers, eliminating the need for a distribution chain. Qlapa carefully selects each product to ensure high quality, providing customers with distinctive options that blend traditional craftsmanship with modern design. The site emphasizes a straightforward and secure shopping experience, with a policy of refunding customers entirely if transactions are canceled before shipment. By showcasing local creative talent, Qlapa aims to facilitate access to unique, quality products for both local and international markets.

AgroStar

Series B in 2017
AgroStar is a leading AgTech start-up in India dedicated to supporting farmers by offering a comprehensive range of agricultural solutions. Through its technology platform, AgroStar provides agronomy advice, services, and agricultural input products that aim to enhance farmers' productivity and income. The platform leverages extensive data and agronomy expertise to deliver tailored solutions to Indian farmers. Operating primarily in Gujarat, Maharashtra, and Rajasthan, AgroStar serves over 500,000 farmers, who can access solutions for their entire crop life-cycle via a simple missed call or through its highly-rated Android app. The company's offerings include expert advice, personalized content, and agricultural inputs such as seeds and nutrients. Over the next five years, AgroStar plans to expand its services, providing farmers with a wider range of inputs delivered to their doorsteps, superior agronomy guidance, and improved access to market linkages and credit.

Milk Mantra

Series D in 2017
Milk Mantra Dairy Pvt. Ltd. is a dairy company based in Bhubaneswar, India, founded in 2009. It specializes in processing, packaging, and distributing a variety of dairy products under the Milky Moo and MooShake brands. Milky Moo offers a range of products including pure milk, probiotic dahi, pouch dahi, paneer, lassi, and buttermilk, while MooShake features flavored milkshakes such as nutty badam, peachy strawberry, slurpy mango, chocolate, and vanilla. The company works directly with farmers to procure milk, ensuring quality through rigorous testing and processing. Milk Mantra distributes its products through over 10,000 local stores across Odisha and provides direct home delivery services. The company is committed to promoting dairy development in Odisha and neighboring states, emphasizing healthy and sustainable dairy consumption.

Osam

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.

Connect India

Venture Round in 2016
Provider of electronic commerce logistics services intended to build an inclusive commerce ecosystem. The company's range of services includes electronic commerce pickup and delivery, reverse logistics, cash on delivery, and domestic and international courier services to the urban and rural areas of India, enabling clients to expand their scope and benefit from a pervasive physical network.

Jaypore

Venture Round in 2016
Jaypore E-Commerce Pvt. Ltd. is an online retail platform based in New Delhi, India, specializing in a diverse range of handcrafted products that showcase Indian craftsmanship. Founded in 2012, the company offers a curated marketplace for artisans and independent producers, featuring items such as contemporary apparel, accessories, home decor, jewelry, and personal care products. Its extensive product range includes woven and embroidered sarees, tunics, bags, footwear, and various home textiles like cushions and quilts. Jaypore also provides decorative arts, gifts, and items for men and children, along with food and stationery. By connecting consumers globally with India's rich artisanal heritage, Jaypore enables easy access to unique crafts at reasonable prices. The company has been operating as a subsidiary of Aditya Birla Fashion and Retail Limited since July 2019.

CloudWell

Venture Round in 2016
CloudWell Limited, founded in 2012 and based in Dhaka, Bangladesh, specializes in agent-based last mile payment solutions for telecom operators and mobile financial services. As an application service provider, CloudWell concentrates on enhancing payment systems across various sectors, particularly in the payments domain. The company aims to improve efficiency in these systems, thereby reducing the cost of funds for businesses while leveraging all available channels for fund collection.

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 E-Commerce Pvt. Ltd. is an online retail platform based in New Delhi, India, specializing in a diverse range of handcrafted products that showcase Indian craftsmanship. Founded in 2012, the company offers a curated marketplace for artisans and independent producers, featuring items such as contemporary apparel, accessories, home decor, jewelry, and personal care products. Its extensive product range includes woven and embroidered sarees, tunics, bags, footwear, and various home textiles like cushions and quilts. Jaypore also provides decorative arts, gifts, and items for men and children, along with food and stationery. By connecting consumers globally with India's rich artisanal heritage, Jaypore enables easy access to unique crafts at reasonable prices. The company has been operating as a subsidiary of Aditya Birla Fashion and Retail Limited since July 2019.

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 a leading AgTech start-up in India dedicated to supporting farmers by offering a comprehensive range of agricultural solutions. Through its technology platform, AgroStar provides agronomy advice, services, and agricultural input products that aim to enhance farmers' productivity and income. The platform leverages extensive data and agronomy expertise to deliver tailored solutions to Indian farmers. Operating primarily in Gujarat, Maharashtra, and Rajasthan, AgroStar serves over 500,000 farmers, who can access solutions for their entire crop life-cycle via a simple missed call or through its highly-rated Android app. The company's offerings include expert advice, personalized content, and agricultural inputs such as seeds and nutrients. Over the next five years, AgroStar plans to expand its services, providing farmers with a wider range of inputs delivered to their doorsteps, superior agronomy guidance, and improved 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.

Connect India

Venture Round in 2015
Provider of electronic commerce logistics services intended to build an inclusive commerce ecosystem. The company's range of services includes electronic commerce pickup and delivery, reverse logistics, cash on delivery, and domestic and international courier services to the urban and rural areas of India, enabling clients to expand their scope and benefit from a pervasive physical network.

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 a leading AgTech start-up in India dedicated to supporting farmers by offering a comprehensive range of agricultural solutions. Through its technology platform, AgroStar provides agronomy advice, services, and agricultural input products that aim to enhance farmers' productivity and income. The platform leverages extensive data and agronomy expertise to deliver tailored solutions to Indian farmers. Operating primarily in Gujarat, Maharashtra, and Rajasthan, AgroStar serves over 500,000 farmers, who can access solutions for their entire crop life-cycle via a simple missed call or through its highly-rated Android app. The company's offerings include expert advice, personalized content, and agricultural inputs such as seeds and nutrients. Over the next five years, AgroStar plans to expand its services, providing farmers with a wider range of inputs delivered to their doorsteps, superior agronomy guidance, and improved access to market linkages and credit.

Milk Mantra

Series C in 2014
Milk Mantra Dairy Pvt. Ltd. is a dairy company based in Bhubaneswar, India, founded in 2009. It specializes in processing, packaging, and distributing a variety of dairy products under the Milky Moo and MooShake brands. Milky Moo offers a range of products including pure milk, probiotic dahi, pouch dahi, paneer, lassi, and buttermilk, while MooShake features flavored milkshakes such as nutty badam, peachy strawberry, slurpy mango, chocolate, and vanilla. The company works directly with farmers to procure milk, ensuring quality through rigorous testing and processing. Milk Mantra distributes its products through over 10,000 local stores across Odisha and provides direct home delivery services. The company is committed to promoting dairy development in Odisha and neighboring states, emphasizing healthy and sustainable dairy consumption.

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
Mandala Apparels specializes in the manufacture of organic apparel, offering a diverse range of products including garments for infants, children, and adults, as well as bed linens, soft toys, and accessories, all made from 100% organic cotton. The company is committed to sustainability, balancing social, environmental, and economic factors while empowering women in the workforce, with approximately 80% of its production staff being female. Mandala Apparels is dedicated to improving farmer livelihoods and food security by creating a value-based supply chain that connects farmers to finished products. Each product undergoes rigorous quality checks to ensure fabric strength, colorfastness, and shrinkage, providing customers with assurance of high-quality offerings. The company aims to promote awareness and support clients from the grassroots level to the end customer.

ULink BioEnergy

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

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.

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
Electronic Payment and Services (EPS) is a provider of automated teller machine operations, outsourcing services, and digital payment solutions aimed at the financial sector. Founded by professionals with extensive experience in retail, banking, oil, and technology, EPS focuses on delivering high-quality payment services. The company specializes in site sourcing, development, ATM installation, transaction processing, and card management services, catering to public sector banks across urban, semi-urban, and rural areas in India. With a senior management team that has over 30 years of combined experience in retail payments, EPS has been at the forefront of various initiatives to enhance payment services in the country.

Little Laureates

Venture Round in 2013
Little Laureates operates a chain of affordable preschools focused on providing educational and training services for young children. The organization emphasizes dynamic and interactive learning experiences, offering live classes and a range of learning aids designed to support self-paced education. Additionally, Little Laureates provides reports and analytics on each child's learning progress, ensuring that parents are informed about their development. The preschools aim to create a challenging yet culturally enriching environment where children can play, learn, and grow effectively.

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.
Electronic Payment and Services (EPS) is a provider of automated teller machine operations, outsourcing services, and digital payment solutions aimed at the financial sector. Founded by professionals with extensive experience in retail, banking, oil, and technology, EPS focuses on delivering high-quality payment services. The company specializes in site sourcing, development, ATM installation, transaction processing, and card management services, catering to public sector banks across urban, semi-urban, and rural areas in India. With a senior management team that has over 30 years of combined experience in retail payments, EPS has been at the forefront of various initiatives to enhance payment services in the country.

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 Dairy Pvt. Ltd. is a dairy company based in Bhubaneswar, India, founded in 2009. It specializes in processing, packaging, and distributing a variety of dairy products under the Milky Moo and MooShake brands. Milky Moo offers a range of products including pure milk, probiotic dahi, pouch dahi, paneer, lassi, and buttermilk, while MooShake features flavored milkshakes such as nutty badam, peachy strawberry, slurpy mango, chocolate, and vanilla. The company works directly with farmers to procure milk, ensuring quality through rigorous testing and processing. Milk Mantra distributes its products through over 10,000 local stores across Odisha and provides direct home delivery services. The company is committed to promoting dairy development in Odisha and neighboring states, emphasizing healthy and sustainable dairy consumption.

AgroStar

Seed Round in 2013
AgroStar is a leading AgTech start-up in India dedicated to supporting farmers by offering a comprehensive range of agricultural solutions. Through its technology platform, AgroStar provides agronomy advice, services, and agricultural input products that aim to enhance farmers' productivity and income. The platform leverages extensive data and agronomy expertise to deliver tailored solutions to Indian farmers. Operating primarily in Gujarat, Maharashtra, and Rajasthan, AgroStar serves over 500,000 farmers, who can access solutions for their entire crop life-cycle via a simple missed call or through its highly-rated Android app. The company's offerings include expert advice, personalized content, and agricultural inputs such as seeds and nutrients. Over the next five years, AgroStar plans to expand its services, providing farmers with a wider range of inputs delivered to their doorsteps, superior agronomy guidance, and improved 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.
Electronic Payment and Services (EPS) is a provider of automated teller machine operations, outsourcing services, and digital payment solutions aimed at the financial sector. Founded by professionals with extensive experience in retail, banking, oil, and technology, EPS focuses on delivering high-quality payment services. The company specializes in site sourcing, development, ATM installation, transaction processing, and card management services, catering to public sector banks across urban, semi-urban, and rural areas in India. With a senior management team that has over 30 years of combined experience in retail payments, EPS has been at the forefront of various initiatives to enhance payment services in the country.

Vana Vidyut

Venture Round in 2012
Vana Vidyut Pvt. Ltd. (VVPL) specializes in providing renewable energy through biomass. The company operates a grid-connected biomass power plant that utilizes feedstock sourced from regenerative forest plantations. This innovative approach allows VVPL to harness natural resources effectively while promoting ecological balance. As the first company in India to implement a comprehensive model encompassing biomass plantations and power generation, VVPL is committed to delivering sustainable energy solutions to its users.

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 Dairy Pvt. Ltd. is a dairy company based in Bhubaneswar, India, founded in 2009. It specializes in processing, packaging, and distributing a variety of dairy products under the Milky Moo and MooShake brands. Milky Moo offers a range of products including pure milk, probiotic dahi, pouch dahi, paneer, lassi, and buttermilk, while MooShake features flavored milkshakes such as nutty badam, peachy strawberry, slurpy mango, chocolate, and vanilla. The company works directly with farmers to procure milk, ensuring quality through rigorous testing and processing. Milk Mantra distributes its products through over 10,000 local stores across Odisha and provides direct home delivery services. The company is committed to promoting dairy development in Odisha and neighboring states, emphasizing healthy and sustainable dairy consumption.

InI Farms

Seed Round in 2011
InI Farms Pvt. Ltd., established in 2009 and based in Mumbai, India, is a horticulture company specializing in the production and supply of pomegranates and bananas. The company operates over 1,000 acres of leased land dedicated to developing pomegranate plantations, with a focus on enhancing productivity and improving export quality. By implementing advanced farming practices and adhering to international quality standards, InI Farms aims to double current productivity levels and increase the proportion of export-quality produce from 40% to 70%. Additionally, the company provides farm extension services to small-hold farmers and manages post-harvest processing, ensuring that fruits reach consumers fresh and free of preservatives. InI Farms leverages its extensive agricultural expertise and strong local presence to build profitable farming businesses targeted at both domestic and international markets.

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

Venture Round in 2009
Waterlife India Private Limited specializes in providing comprehensive solutions for water and wastewater management. Founded in 2008 and headquartered in Hyderabad, the company operates mini water purification plants in rural areas, capable of treating water for bacterial and chemical contamination. It offers a range of services, including drinking water supply, water harvesting, and wastewater management, as well as industrial solutions. Waterlife serves communities through a network of stores located in villages and urban centers across India, and it also provides franchise opportunities. The company aims to ensure access to safe and clean water for everyone, facilitating treatment systems for various institutional facilities such as housing complexes, schools, and hospitals. With additional offices in several Indian states, Waterlife is committed to addressing water-related challenges sustainably.

Zameen Organic

Seed Round in 2009
Zameen Organic Pvt. Ltd. is a farmer-owned marketing company based in Hyderabad, India, that specializes in trading organic and pesticide-free cotton. Founded in 2006, the company offers a range of products including raw cotton, cotton yarn, cotton fabrics, and clothing. Zameen focuses on improving the livelihoods of rural farming communities by creating transparent and ethical value chains. By connecting brands directly with farmers, the company fosters collaboration that aims to address pressing issues such as climate change and labor concerns. Through these partnerships, Zameen works to enhance efficiencies, reduce input costs, and increase incomes for its portfolio farmers, promoting fair trade practices within the agricultural sector.

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 Private Limited specializes in designing, manufacturing, and supplying customized sanitation solutions for both urban and rural areas in India. The company offers a diverse range of products, including portable toilets, luxury restroom containers for events, hand wash stations, urinals, showers, and septic tanks. In addition to product offerings, Sara Plast provides comprehensive services such as installation, cleaning, evacuation of septic systems, and waste disposal, catering to various sectors including infrastructure, construction, government initiatives, and disaster management. The company also refurbishes and maintains existing sanitation facilities in underserved communities and public areas. Established in 2006 and headquartered in Pune, India, Sara Plast addresses the growing need for effective sanitation solutions across multiple environments and events.

Milk Mantra

Seed Round in 2009
Milk Mantra Dairy Pvt. Ltd. is a dairy company based in Bhubaneswar, India, founded in 2009. It specializes in processing, packaging, and distributing a variety of dairy products under the Milky Moo and MooShake brands. Milky Moo offers a range of products including pure milk, probiotic dahi, pouch dahi, paneer, lassi, and buttermilk, while MooShake features flavored milkshakes such as nutty badam, peachy strawberry, slurpy mango, chocolate, and vanilla. The company works directly with farmers to procure milk, ensuring quality through rigorous testing and processing. Milk Mantra distributes its products through over 10,000 local stores across Odisha and provides direct home delivery services. The company is committed to promoting dairy development in Odisha and neighboring states, emphasizing healthy and sustainable dairy consumption.

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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