Ajay Anand

Partner

Ilayaarunachalam Balamurugan

Co-Founder, Managing Partner and Member of Investment Committee

IAS Balamurugan

Managing Partner

Adithya Bharadwaj

Vice President, Growth Equity

Dhruv Kapoor

Partner, Growth Equity

Veenu Mittal

CFO

Harsh Mohan

Associate, Seed Fund

Ankita Poddar

Senior Associate, Private Credit

Dhruv Ranjan

Associate Vice President, Seed Fund

I A S Balamurugan

Co-Founder and Managing Partner

A. Jayaseelan

Partner, Private Credit

39 past transactions

Leumas

Pre Seed Round in 2023
Leumas digital factory enables brands to manufacture on-demand with full flexibility around batch-size, product-mix, and formats. From fledgling D2C brands to incumbents, from Experiment to Scale.

XYXX Apparels

Series C in 2023
XYXX Apparels is a retail and fashion company that offers clothing and accessories for men. It makes life interesting via functional and refreshing products with quirky designs. The company was founded in 2016 and is headquartered in Surat, India.

UzhavarBumi

Venture Round in 2023
UzhavarBumi Agro Products Pvt Ltd, founded in July 2017, is a fresh dairy products company based in Chennai, India. UB's prime motive is to establish direct trade between local farmers and consumers. UB provides fresh dairy products including milk, ghee and honey. Today UB is on the Tamilnadu's leading brands, merchandising fresh dairy products.

Inspecity

Pre Seed Round in 2023
Inspecity build human homes that go beyond the constraints of our current planetary systems and establish a new economy in space.

SatSure

Series A in 2023
SatSure is an innovative decision analytics company that leverages advances in satellites, machine learning, and big data analytics to help solve problems at the nexus of sustainability of food, water, and energy security.

Uravu Labs

Seed Round in 2022
Uravu plans to develop fresh ideas for making human life sustainable and our communities responsive and resilient. In order to build a sustainable and better future for everyone, the company believes that the "water" industry is ripe for innovation and needs ground-breaking innovations. High-quality drinking water may be produced using Uravu's award-winning, 100% renewable water technology, which uses the atmosphere's limitless moisture and solely renewable energy. Uravu was established in 2017 in Bangalore, Karnataka.

Wheelocity

Series A in 2022
Wheelocity is a supply chain network with the objective of resolving India's malnutrition issue by minimizing food wastage through technology-enabled supply chains for fresh commerce. Wheelocity is India's one of top providers of fresh supply chain solutions. Wheelocity aims to eliminate food waste and hunger by using a novel entrepreneurial and engineering-based approach to supply chains. Wheelocity is reshaping the architecture of the fresh produce market through supply networks powered by technology. Wheelocity, founded in 2021, has a network that spans all of India, processing almost 700 tonnes of fresh food daily. Our Vision Wheelocity is powered by innovation. We wish to deliver the finest available solutions to the supply chain business in order to expedite the process of getting food from the farm to your plate, hence addressing the issue of malnutrition by reducing food waste caused by supply chain mismanagement. Consequently, our mission is "To Eliminate Food Waste Using a tech-powered Supply Chain." What we do We have created an integrated network including Collection Centers, Distribution Centers, Dark stores, and first mile & mid mile logistics to establish a fast-moving and optimized supply chain for fresh produce such as fruits, vegetables, dairy products, poultry, and meat. We provide our clients with the resources and ecosystem they need to reduce costs, maintain quality, optimize inventory, maintain availability, scale and create maximum customer delight. How we do it Wheelocity utilizes a three-dimensional model, creating synergy between processes, networks, and technology to develop the most efficient and potent supply chain network. We use cutting-edge technologies, like AI and IoT to boost the transparency and efficacy of supply chains, while capitalizing on the synergy of our integrated networks and superior operational rigor to revolutionize India's approach to fresh commerce

Wheelocity

Debt Financing in 2022
Wheelocity is a supply chain network with the objective of resolving India's malnutrition issue by minimizing food wastage through technology-enabled supply chains for fresh commerce. Wheelocity is India's one of top providers of fresh supply chain solutions. Wheelocity aims to eliminate food waste and hunger by using a novel entrepreneurial and engineering-based approach to supply chains. Wheelocity is reshaping the architecture of the fresh produce market through supply networks powered by technology. Wheelocity, founded in 2021, has a network that spans all of India, processing almost 700 tonnes of fresh food daily. Our Vision Wheelocity is powered by innovation. We wish to deliver the finest available solutions to the supply chain business in order to expedite the process of getting food from the farm to your plate, hence addressing the issue of malnutrition by reducing food waste caused by supply chain mismanagement. Consequently, our mission is "To Eliminate Food Waste Using a tech-powered Supply Chain." What we do We have created an integrated network including Collection Centers, Distribution Centers, Dark stores, and first mile & mid mile logistics to establish a fast-moving and optimized supply chain for fresh produce such as fruits, vegetables, dairy products, poultry, and meat. We provide our clients with the resources and ecosystem they need to reduce costs, maintain quality, optimize inventory, maintain availability, scale and create maximum customer delight. How we do it Wheelocity utilizes a three-dimensional model, creating synergy between processes, networks, and technology to develop the most efficient and potent supply chain network. We use cutting-edge technologies, like AI and IoT to boost the transparency and efficacy of supply chains, while capitalizing on the synergy of our integrated networks and superior operational rigor to revolutionize India's approach to fresh commerce

Workgroup Connections

Series A in 2022
Workgroup Connections provides software design, agile development, implementation, and training services focused on business process automation, cloud strategies, collaboration, eDiscovery, and business intelligence. Workgroup Connections is a long-standing IBM Gold Partner and an Amazon Web Services Partner. Over the years, it has successfully served the needs of hundreds of organizations, including Fortune 500 companies in manufacturing, IT, financial services, utilities, and healthcare.

Lemme Be

Seed Round in 2022
Lemme Be sells organic cotton sanitary items that are eco-friendly.

Kytchens

Seed Round in 2022
Kytchens is a full-stack "Kitchen as a Service" platform that empowers F&B brands to expand their footprint across the country.

Neemans

Series B in 2022
Neemans is a footwear startup that offers natural fiber footwear for men and women. The company's products are made from natural and renewable Australian Merino wool that evaporates sweat and moisture and offers a lightweight, breathable, sock-free, and temperature regulating experience. It was co-founded by Taranjeet Singh Chhabra and Amar Preet Singh in 2018 and is based in Hyderabad, Andhra Pradesh, India.

SUGAR Cosmetics

Series D in 2022
SUGAR Cosmetics is a cruelty-free makeup brand that offers a wide range of premium makeup products. It is a cult favorite amongst millennials and is one of the fastest-growing premium beauty brands in India. With its clutter-breaking persona, signature low-poly packaging, and chart-topping products, SUGAR is the makeup of choice for bold, independent women who refuse to be stereotyped into roles. SUGAR was crafted and manufactured in state-of-the-art facilities across Germany, Italy, India, the USA, and Korea, the brand ships its bestselling products in Lips, Eyes, Face, Nails, and Skin categories across the world.

MasterChow

Seed Round in 2022
MasterChow is a ready-to-cook Asian cuisine brand. It offers a range of premium Asian pantry staples such as noodles, stir-fry sauces, and dips.

Earth Rhythm

Series A in 2022
Earth Rhythm is a personal care D2C brand that offers professional-grade products in haircare, skincare, and makeup lines. India's 1st homegrown brand that invests in independent clinical trials and research. Earth Rhythm believes in smart and Safe skincare. The products we use should work and be good for our skin and earth, no exceptions. Each of our formulas are created in house by trained Cosmetic Chemists and are made to be effective , safe and backed by cited scientific research.

Snapmint

Series A in 2022
Snapmint makes purchasing in installments possible without credit cards - to help customers afford more. Customers use its simple 5-minute online process to purchase mobile phones, electronics, appliances, and a variety of other items. The company was founded in 2015 and is based in Mumbai, India.

Chargeup

Seed Round in 2022
Chargeup provides a battery swapping network eliminating the cost problem and inconvenience of long charging hours of electric vehicles. Chargeup offers customers an affordable way to run their vehicles without worrying about charging times. Chargeup offers its services to a growing community of 2.4 million E-Rickshaws, which allows them to increase their range and revenue.

Neemans

Series A in 2021
Neemans is a footwear startup that offers natural fiber footwear for men and women. The company's products are made from natural and renewable Australian Merino wool that evaporates sweat and moisture and offers a lightweight, breathable, sock-free, and temperature regulating experience. It was co-founded by Taranjeet Singh Chhabra and Amar Preet Singh in 2018 and is based in Hyderabad, Andhra Pradesh, India.

Grip Invest

Seed Round in 2020
Grip is a SEBI regulated investment platform that allows retail investors to make small-ticket investments. Grip helps you #GoBeyond inflation, low returns & volatility through an investment discovery platform. Grip lists curated investment leasing opportunities on its platform. Investors browse through the active assets to review financial details, terms, and return expectations and identify the right investment opportunity, investors choose the investment amount and confirm their interest, investors make an online transfer of the committed amount.

Wow! Momo

Debt Financing in 2020
Wow! Momo is a chain of fast-food restaurants that specializes in momos. It operates out of kiosks, food court quick service outlets, shop-in-shop models, and high street quick service restaurants. Wow! Momo was established in 2008 in Kolkata, West Bengal by Sagar Daryani, and Shah Miftaur Rahman.

Blue Tokai Coffee Roasters

Funding Round in 2020
Blue Tokai Coffee Roasters provides an online marketplace specifically to sell roasted coffee. Blue Tokai Coffee Roasters operates as a specialty coffee e-tailer for sourcing single-estate Arabica coffee beans from Indian coffee estates, burns them on an order basis, and delivers directly to customers, allowing customers to order online or visit their particular retail stores. Blue Tokai focuses on sourcing coffee beans from specific regions or estates, highlighting the unique flavor profiles of each coffee origin. They offer a variety of single-origin coffees, including beans from Karnataka, Tamil Nadu, and other coffee-growing regions in India. In addition to selling coffee beans online, Blue Tokai operates cafes in select cities across India. These cafes serve a variety of coffee beverages and provide a space for customers to enjoy freshly brewed coffee.

Neemans

Seed Round in 2020
Neemans is a footwear startup that offers natural fiber footwear for men and women. The company's products are made from natural and renewable Australian Merino wool that evaporates sweat and moisture and offers a lightweight, breathable, sock-free, and temperature regulating experience. It was co-founded by Taranjeet Singh Chhabra and Amar Preet Singh in 2018 and is based in Hyderabad, Andhra Pradesh, India.

Bira 91

Series B in 2019
Bira 91 is a craft beer brand manufactured by B9 Beverages, launched in 2015. The company's first brewery unit was in the Flanders region of Belgium where a craft distillery was used to contract to manufacture the beer with ingredients from France, Belgium, the Himalayas and Bavarian Farms, and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients and they now have 5 breweries in India. Bira 91 beers are now available in over 600 towns and cities spread across 18 countries. They have partnered with Kirin Holdings, a Japanese integrated beverages company. Made from wheat, barley and hops, the beer is available in draft, 330ml bottles, 650ml bottles and 500ml cans.

Astrogate Labs

Seed Round in 2019
Astrogate Labs is a space-technology startup. Astrogate Labs provides high-quality products related to space infrastructure. They use laser communication technologies intended to withstand the severe environment of space applications; they provide high-speed communications for small satellites.

Clairco

Seed Round in 2019
Clairco provides enhanced air purification and real-time insights for breathable air indoors. They help businesses ensure clean air in an affordable and measurable way by adding air purification in existing AC systems. They offer a filter technology for up to MERV-13 filtration with a low-pressure drop, monitor PM2.5, PM10, CO2, VOC, and other air quality parameters, and maintain optimal health of air filters and purifiers in any season.

Bira 91

Debt Financing in 2019
Bira 91 is a craft beer brand manufactured by B9 Beverages, launched in 2015. The company's first brewery unit was in the Flanders region of Belgium where a craft distillery was used to contract to manufacture the beer with ingredients from France, Belgium, the Himalayas and Bavarian Farms, and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients and they now have 5 breweries in India. Bira 91 beers are now available in over 600 towns and cities spread across 18 countries. They have partnered with Kirin Holdings, a Japanese integrated beverages company. Made from wheat, barley and hops, the beer is available in draft, 330ml bottles, 650ml bottles and 500ml cans.

Bira 91

Series B in 2019
Bira 91 is a craft beer brand manufactured by B9 Beverages, launched in 2015. The company's first brewery unit was in the Flanders region of Belgium where a craft distillery was used to contract to manufacture the beer with ingredients from France, Belgium, the Himalayas and Bavarian Farms, and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients and they now have 5 breweries in India. Bira 91 beers are now available in over 600 towns and cities spread across 18 countries. They have partnered with Kirin Holdings, a Japanese integrated beverages company. Made from wheat, barley and hops, the beer is available in draft, 330ml bottles, 650ml bottles and 500ml cans.

Agnikul

Seed Round in 2019
Agnikul is a space tech startup that designs, manufactures, tests, and launch orbital-class rockets for micro and nanosatellites. They currently work out of the National Center for Combustion R&D at IIT-Madras. Rocket scientists, engineers, ex-bankers and space lawyers are a part of their team. This unique blend of people is one of their biggest strengths. The company was founded in 2017 and is based in Chennai, Tamil Nadu.

Snapmint

Seed Round in 2018
Snapmint makes purchasing in installments possible without credit cards - to help customers afford more. Customers use its simple 5-minute online process to purchase mobile phones, electronics, appliances, and a variety of other items. The company was founded in 2015 and is based in Mumbai, India.

Yaantra

Debt Financing in 2018
Yaantra tenders mobile repair, refurbished and unboxed services for all branded mobile phones in Delhi, Gurgaon, Ghaziabad, Faridabad, Noida, Bangalore and Mumbai. The company provides quality repairing, quality assured refurb and unbox smart phones at best possible prices.

PopiCorn

Debt Financing in 2018
PopiCorn is a ready-to-eat popcorn brand that has 6 different flavors. The company upgraded its production to a full-fledged factory as the demand increased manifold, making the brand grow exponentially. Popicorn aims to contribute to a proud legacy that India has and makes more and more people fall in love with this delicious, low calorie, easy access snack.

Navia Life Care

Seed Round in 2018
Navia Life Care is a health technlogy company with a special focus on patient care. We believe in healthcare with simplicity. Our tools enable users to manage their health on their fingertips. Navia Life Care’s mission is to improve the lives of people through innovative products and services. We aim to provide simple tools enabling better management of a person’s health in the most convenient way.

MCaffeine

Seed Round in 2018
MCaffeine is a personal care brand that offers caffein-infused face, body, and hair care products. Its personal care product portfolio includes shampoos, face washes, shower gels, body lotions, and face masks, which use caffeine as a major ingredient. MCaffeine won Nykaa Femina Beauty Awards 2020 for the best Coffee body scrub.

Aereo

Seed Round in 2018
Aereo, formerly known as Aarav Unmanned Systems, was founded in 2013 at IIT Kanpur and has since grown to become India's premier homegrown drone manufacturing and solutions company. Based in Bangalore, they specialize in providing enterprise solutions for a variety of industries such as urban and rural development, agriculture, mining, construction, irrigation, forest conservation, renewable energy, and infrastructure development. Their drones are 10X faster & generate million times richer data, helping deliver advanced business intelligence that drives critical decision-making. Being one of the only companies to provide end-to-end drone solutions, they have mapped over 34,000 villages and touched the lives of over 45 million people. Aereo was the first company to launch India’s first DGCA-certified survey-grade PPK drone – Aereo INP. Apart from pushing technology benchmarks, they have intensively worked to impact productivity, people, and the planet through superior aerial intelligence. Aereo is backed by well-known early-stage deep tech investors like Auxano Capital, KARSEMVEN fund, StartupXseed Ventures, 3one4 Capital, GrowX ventures, 500 Durians, Ashok Atluri (MD of Zen Technologies), etc

Bira 91

Debt Financing in 2017
Bira 91 is a craft beer brand manufactured by B9 Beverages, launched in 2015. The company's first brewery unit was in the Flanders region of Belgium where a craft distillery was used to contract to manufacture the beer with ingredients from France, Belgium, the Himalayas and Bavarian Farms, and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients and they now have 5 breweries in India. Bira 91 beers are now available in over 600 towns and cities spread across 18 countries. They have partnered with Kirin Holdings, a Japanese integrated beverages company. Made from wheat, barley and hops, the beer is available in draft, 330ml bottles, 650ml bottles and 500ml cans.

SUGAR Cosmetics

Venture Round in 2017
SUGAR Cosmetics is a cruelty-free makeup brand that offers a wide range of premium makeup products. It is a cult favorite amongst millennials and is one of the fastest-growing premium beauty brands in India. With its clutter-breaking persona, signature low-poly packaging, and chart-topping products, SUGAR is the makeup of choice for bold, independent women who refuse to be stereotyped into roles. SUGAR was crafted and manufactured in state-of-the-art facilities across Germany, Italy, India, the USA, and Korea, the brand ships its bestselling products in Lips, Eyes, Face, Nails, and Skin categories across the world.

Lendingkart

Debt Financing in 2017
Lendingkart is a financial technology company based in India that specializes in providing working capital loans and financing solutions to small and medium-sized enterprises (SMEs). They leverage technology and data analytics to assess the creditworthiness of businesses quickly and efficiently, enabling them to offer fast and convenient loan approval processes. The company aims to address the financing needs of SMEs that may face challenges in accessing traditional bank loans due to lack of collateral or credit history. Lendingkart's platform offers a seamless and user-friendly experience for businesses seeking funding, allowing them to apply for loans online and receive funds in a timely manner.

ShareChat

Seed Round in 2016
ShareChat is an Indian social media startup. It offers the content consumption and sharing platform only in Indian vernacular languages to cater to over 1.17 billion wireless network users of India. It is available in 15 Indian languages. The company was founded in 2015 and is headquartered in Bangalore, Karnataka.
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