Frontline Strategy Funds

Frontline Strategy Limited is a private equity and venture capital firm established in 2000, with its headquarters in Port-Louis, Mauritius, and additional offices in Mumbai, India, and Singapore. The firm specializes in providing growth capital and expertise to small and medium-sized enterprises, primarily in India and select international markets, including the United States, Singapore, and ASEAN countries. Frontline Strategy focuses on industry consolidation and growth investments, avoiding cyclical businesses. It targets early-stage, turnaround, and emerging growth opportunities in various sectors such as energy, manufacturing, healthcare, information technology, and consumer durables. The firm typically invests between $0.5 million and $15 million in companies with revenues ranging from approximately $5 million to $25 million and prefers to acquire a Board seat in its portfolio companies. With a strong emphasis on leveraging extensive industry experience, Frontline Strategy continues to build a diverse and successful investment portfolio.

Atim Kabra

Founder and Managing Director

29 past transactions

ClassMonitor

Seed Round in 2022
ClassMonitor is an ed-tech startup that specializes in homeschooling solutions for parents and their young children. The company provides a home learning program designed to facilitate interactive teaching for toddlers and preschoolers. Its platform features live classes and educational kits that encompass a range of activities categorized by developmental stages. These activities cover essential topics such as literacy, numeracy, shapes, colors, flora and fauna, fruits and vegetables, community helpers, transportation, hygiene, rhymes, and stories. By offering these resources, ClassMonitor enables parents to effectively teach various skills while fostering meaningful play and bonding experiences with their children.

Beehive

Seed Round in 2021
Mobile, Social Media, Messaging, Proximity Services

Cardiotrack

Seed Round in 2020
Cardiotrack is a company focused on improving patient care in developing nations through its innovative telecardiology technology. The firm provides a comprehensive diagnostics solution that includes an ECG monitor, pulse oximeter, and blood pressure monitor, designed for deployment in primary care settings. By leveraging cloud-based infrastructure, Cardiotrack facilitates the transmission of health data to specialists, allowing patients in semi-urban and rural areas to access critical cardiovascular care from urban medical experts. This approach addresses the significant challenges of high diagnostic equipment costs and the scarcity of trained healthcare professionals in underserved regions, enhancing overall healthcare accessibility and efficiency.

Multiply My Leads

Venture Round in 2020
MultiplyMyLeads is a technology platform of Uniplatform Tech Pvt Ltd. The platform is available on the desktop and mobile as both a mobile friendly website and as an Android App. The Apple /iOS app and also a lite Chrome Browser app are under development. They help their users close deals faster by enabling them to put their properties on multiple property websites and get leads from all of them in 1 interface. So as a broker or property owner you don't miss out on any potential client. They support all types of property postings - sale, rent, lease, PG, flatmates. Also you can post any type of property - House, Flat, Service apartment, Builder Floor, Residential Plot, PG, Hostel, Office, Shop, Showroom, Business center, Factory shed, Commercial Land, Institutional land or even Agricultural land.

Inner Being Wellness

Seed Round in 2017
Inner Being Wellness, established in 2012 and based in Hyderabad, India, is a manufacturer of beauty, wellness, and nutrition products. The company, formerly a subsidiary of Shreeyash Industries Limited, is committed to harnessing the power of pure plant extracts and ancient wisdom, backed by modern research. With a pan-India presence, Inner Being Wellness aims to positively impact individuals and society through its expanding range of products.

Global Strong Growth Fund

Private Equity Round in 2017
Global Strong Growth Fund

Multiply My Leads

Venture Round in 2017
MultiplyMyLeads is a technology platform of Uniplatform Tech Pvt Ltd. The platform is available on the desktop and mobile as both a mobile friendly website and as an Android App. The Apple /iOS app and also a lite Chrome Browser app are under development. They help their users close deals faster by enabling them to put their properties on multiple property websites and get leads from all of them in 1 interface. So as a broker or property owner you don't miss out on any potential client. They support all types of property postings - sale, rent, lease, PG, flatmates. Also you can post any type of property - House, Flat, Service apartment, Builder Floor, Residential Plot, PG, Hostel, Office, Shop, Showroom, Business center, Factory shed, Commercial Land, Institutional land or even Agricultural land.

Alfa Transformers

Post in 2017
Alfa Transformers Limited, established in 1982 and headquartered in Bhubaneswar, India, specializes in the design, manufacture, sales, and repair of power and distribution transformers. Its product portfolio includes oil-filled and dry-type transformers ranging from 10KVA to 10MVA and 12KV to 36KV, catering to utilities, multinationals, and domestic corporates, both domestically and internationally, with exports to countries like Nepal, Bangladesh, and Dubai. The company is renowned for its quality, having earned the ISO 9001:2000 rating since 1997, and is expanding its capacity to meet increasing demand. It is also setting up a plant for amorphous core transformers, a more efficient type, to meet growing market needs.

Prestellar Ventures

Private Equity Round in 2017
Prestellar Ventures is an early-stage venture capital fund based in Singapore, dedicated to partnering with passionate entrepreneurs and disruptive startups across South Asia and the ASEAN region. The fund focuses on technology-enabled companies in various sectors, including hospitality, consumer services, financial services, rural products, and education. In addition to providing financial investment, Prestellar Ventures offers essential infrastructure and mentorship, helping entrepreneurs navigate operational, strategic, and financial challenges. Their team consists of experienced company builders who work closely with startups, while partner organizations contribute significant business development support, fostering an environment where innovative ideas can thrive and shape the future.

CASHe

Private Equity Round in 2017
CASHe is a financial technology platform operated by TSLC PTE. LTD., focused on providing accessible personal loans to salaried millennials. The platform offers immediate short-term loans through a user-friendly app, utilizing advanced algorithms and machine learning to assess applicants based on their social profiles, merit, and earning potential. This innovative approach allows young professionals to obtain quick financial support in a transparent manner, helping them achieve their financial goals with ease. By streamlining the lending process, CASHe delivers a modern financial solution tailored to the needs of its target demographic.

Third Wave Power

Private Equity Round in 2016
Third Wave Power is a manufacturer specializing in portable solar-powered charging devices designed to enhance productivity and improve lives through sustainable energy solutions. The company focuses on creating multifunctional, portable tools that not only charge digital devices but also include features such as AM, FM, and SW radio, reading lights, flashlights, and ultrasonic insect repellent. These innovative products are tailored for use in off-grid environments, making them ideal for fieldwork, emergency backup situations, and rural programs. By delivering reliable power solutions where they are most needed, Third Wave Power plays a crucial role in promoting sustainable living and empowering individuals worldwide.

House of Patels

Venture Round in 2015
Milestones & Philanthrophy: Introduction of the brand of Patel Roadways Ltd. which is a household name till date. The House of Patel introduced the concept of Co-loading through it’s Company ‘Patel On-Board Couriers Ltd.’ which even after decades is almost a monopoly. Introduced Wall Street Finance Ltd. which was one of the first few companies to receive FFMC & AD II Licences, including the Licence for Acceptance of Fixed Deposits. Patel On-Board Couriers Ltd. introduced the ‘Couriers Association of India’ (CAI) a National Body formed representing the interests of the Small/Medium/India Courier Companies. CAI is actively involved in discussions with the Government, Regulatory Bodies and all Stake Holders for improvement of infrastructure, simplifying processes and improving efficiency. As part of its desire to give back to Society, the Group had adopted the “Beautification of the Bandra Talao” in Bandra, Mumbai and had been instrumental in maintaining the Bandra Lake for many years

Cardiotrack

Seed Round in 2015
Cardiotrack is a company focused on improving patient care in developing nations through its innovative telecardiology technology. The firm provides a comprehensive diagnostics solution that includes an ECG monitor, pulse oximeter, and blood pressure monitor, designed for deployment in primary care settings. By leveraging cloud-based infrastructure, Cardiotrack facilitates the transmission of health data to specialists, allowing patients in semi-urban and rural areas to access critical cardiovascular care from urban medical experts. This approach addresses the significant challenges of high diagnostic equipment costs and the scarcity of trained healthcare professionals in underserved regions, enhancing overall healthcare accessibility and efficiency.

WeTravelSolo

Venture Round in 2015
wetravelsolo.com is a solo traveler community that gives someone the opportunity to connect, meet and travel with another solo traveler. Bridging the ever increasing divide between the online and offline world of people, We Travel Solo connects people online and allow them to meet in real world through travelling, which is one the most rated life changing experience by the majority.

VetX

Angel Round in 2015
VetX is an online platform designed to facilitate connections between pet owners and veterinarians. By offering a mobile application, VetX enables users to consult with veterinarians instantly for various veterinary needs, including the ability to refill prescriptions electronically. The platform also provides access to pets' medical records stored in the cloud, enhancing convenience for pet owners. Additionally, VetX features a question and answer engine, allowing pet owners to seek professional advice. This service improves customer retention and satisfaction for veterinary clinics by increasing service availability, even during after-hours, and driving revenue through appointment scheduling.

Satin Creditcare Network

Private Equity Round in 2015
Satin Creditcare Network Limited is a non-banking finance company based in Gurugram, India, specializing in microfinance services. Founded in 1990, the company primarily offers collateral-free microcredit facilities to economically active women, particularly in rural and semi-urban areas where access to mainstream financial services is limited. Its services include loans for individual businesses, micro, small, and medium enterprises (MSMEs), as well as financing for solar lamps, bicycles, consumer durables, and the development of water connections and sanitation facilities. Additionally, Satin Creditcare Network has a housing finance subsidiary that caters to the affordable housing segment. The company operates on a Joint Liability Group model, facilitating community-based lending, and serves clients across 23 states and union territories in India. Through its subsidiary, Taraashna Services Limited, it also provides business correspondent services to other financial institutions, further extending its reach within the underserved market segments.

Zicom

Post in 2014
Zicom Electronic Security Systems Limited, founded in 1994 and based in Mumbai, India, specializes in the manufacture, marketing, distribution, installation, and monitoring of electronic security systems and related equipment. The company's product range includes CCTV cameras, fire safety equipment, access control systems such as biometric locks, and home safety devices like intrusion alarms and video door phones. Zicom also provides a variety of services, including equipment maintenance, alarm monitoring, and live site monitoring based on various sensor triggers. With a strong presence in five countries and over a million customers across 1,023 cities, Zicom has established itself as a leader in electronic security surveillance in India, generating significant annual revenue through its comprehensive offerings.

Kloneworld

Series A in 2014
Kloneworld is a company that specializes in creating personalized animations and three-dimensional toys. By allowing users to upload a single face photo, Kloneworld generates look-alike "Klones" that can be featured in various fun and engaging formats. The company offers a unique platform for capturing detailed likenesses, producing products such as figurines made with a sandstone finish and personalized storybooks that incorporate the user's image. These offerings are designed to provide joy and entertainment, enabling individuals to cherish precious moments and share them with loved ones, particularly children who can enjoy playing with their custom figurines.

eDabba

Series A in 2013
Edabba is an online shopping platform offering a wide range of products such as electronics, jewellery, gaming gadgets and movies.

Applied Mobile Lab

Venture Round in 2012
Formerly known as voicetap, we've evolved to another level across various web and mobile platforms. We currently focus on two key areas – Education and Business Development and work closely with leading telecom operators in India & Africa.

DTL Ancillaries

Private Equity Round in 2012
DTL Ancillaries Limited is a manufacturer based in Pune, India, specializing in cold roll formed components and load body fabrication for the railway and automotive sectors. The company produces a diverse range of products, including cargo boxes, bus bodies, chassis, and various components for railway coaches and carriages. Additionally, DTL Ancillaries offers solutions for environmental control, such as air pollution control systems, and highway safety products like crash guard systems. Its manufacturing capabilities extend to conventional hot rolled and tubular sections for construction applications, including frames, scaffolding, and storage systems. The company also provides conveyor systems for material handling, control panels, and various structural elements for the electrical and construction industries. Founded in 1996, DTL Ancillaries Limited has established itself as a key player in the manufacturing landscape, focusing on delivering customized solutions to meet the needs of its clients.

Krishna Saa Fabs

Venture Round in 2008
Krishna Saa Fabs is a structural engineering company involved in fabrication, galvanization of heavy steel structures and steel rolling mills. The primary business segments are fabrication of telecom & power transmission towers, road crash barriers, median railings, overhead sign boards, other heavy fabricated steel structures, earth reinforcement steel ships used in national highways, airport runways etc. These products find application in infrastructure industries namely Telecom, Power and National Highways, Shipyards etc.

Shriram SEPL Composites

Private Equity Round in 2008
Shriram SEPL Composites specializes in the design, manufacture, supply, and installation of glass fiber reinforced plastic (GRP) products. The company's offerings include GRP pipes, fittings, tanks, pressure vessels, and specialty piping. These products are characterized by their corrosion resistance, ease of installation, and low maintenance requirements, making them a cost-effective solution for various applications. Shriram SEPL Composites focuses on meeting the specific needs of its customers through innovative and reliable product offerings in the composites industry.

Reasoning Global eApplications

Series A in 2008
Reasoning Global eApplications is a Hyderabad-based company established in 2006 that specializes in developing Software-as-a-Service solutions tailored for the retail sector. The company offers the MartJack Exchange, a cloud-hosted platform designed to help retailers manage their online businesses comprehensively. This platform includes features for handling product catalogs, managing online promotions, overseeing stock and order management, and delivering valuable business insights. Additionally, Reasoning Global eApplications provides an omnichannel commerce platform that facilitates a concentrated marketing approach for brands, allowing customers to easily compare and purchase products across various internet and mobile touchpoints.

Alfa Transformers

Post in 2006
Alfa Transformers Limited, established in 1982 and headquartered in Bhubaneswar, India, specializes in the design, manufacture, sales, and repair of power and distribution transformers. Its product portfolio includes oil-filled and dry-type transformers ranging from 10KVA to 10MVA and 12KV to 36KV, catering to utilities, multinationals, and domestic corporates, both domestically and internationally, with exports to countries like Nepal, Bangladesh, and Dubai. The company is renowned for its quality, having earned the ISO 9001:2000 rating since 1997, and is expanding its capacity to meet increasing demand. It is also setting up a plant for amorphous core transformers, a more efficient type, to meet growing market needs.

Shilpa Medicare

Private Equity Round in 2005
Shilpa Medicare is a manufacturer specializing in both specialty and generic pharmaceuticals, focusing primarily on high-quality Active Pharmaceutical Ingredients (APIs). The company offers a diverse product range that includes over 44 APIs in oncology and non-oncology categories, utilizing advanced nano and micro technology for drug identification and formulation. Its operations are divided into two main segments: Pharmaceutical products and services, which is the primary source of revenue, and Power sales. While Shilpa Medicare generates revenue from both domestic and international markets, a significant portion comes from India, highlighting its strong presence in the local pharmaceutical landscape.

Valiant Communications

Post in 2005
Valiant Communications is an Indian company specializing in the manufacturing of communication equipment and solutions for various sectors including power utilities, oil and gas, railways, metro rail networks, airport communications, and renewable energy sources like hydro, wind, and solar. The company's product portfolio includes digital access cross connect switching equipment, groomers for non-intrusive monitoring, solutions for line tapping, billing and fraud management, echo cancellers, voice quality enhancers, voice and data multiplexers, Ethernet converters, STM-1 SDH optical transmission solutions, NTP Sub-Master Clock, IP Multiplexer, and Time Display Units. With installations in over 80 countries, Valiant's technological expertise covers a broad range of telecom transmission areas, supporting sectors such as power generation, transmission, distribution, communication, Smart Grid, and more.

Titagarh Wagons

Private Equity Round in 2005
Titagarh Wagons Limited is a prominent manufacturer and seller of railway wagons and coaches, both in India and internationally. The company produces a diverse array of wagons, including ballast, flat, hopper, and tank wagons, along with specialized variants such as military and stainless steel wagons. In addition to railway products, Titagarh Wagons manufactures foundry products, including bogies, couplers, and crossings, as well as heavy earth moving and mining equipment, bailey bridges, and various defense-related products. The company also engages in shipbuilding and offers services related to finance, hire purchase, and leasing. Incorporated in 1997 and headquartered in Kolkata, India, Titagarh Wagons primarily serves the domestic market while also participating in international business activities.

Astra Microwave Products

Private Equity Round in 2001
Astra Microwave Products Ltd specializes in the design and manufacture of radio frequency (RF) and microwave components and sub-systems. The company serves diverse sectors, including defense, space, telecommunications, meteorology, and civil communication systems. Operating from four state-of-the-art facilities, Astra Microwave Products is committed to delivering high-quality solutions, encompassing services from initial concept through to development, fabrication, and maintenance. As an ISO 9001 certified organization, it ensures adherence to quality standards in its manufacturing processes, engaging in a wide range of activities related to electronic items and components.
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