Premji Invest

Premji Invest is a growth-focused investment firm and family office led by Azim Premji. Founded in 2006 and based in Bangalore, India, it engages in private equity and venture capital with a focus on growth and expansion opportunities in technology, consumer, fintech, enterprise, and healthcare sectors. The firm manages the founder’s personal portfolios and operates as a multi-family office, with a presence in the United States, including Menlo Park.

T K Kurien

CEO and Managing Partner

Dhiraj Malkani

Partner

Past deals in India

Mintifi

Series E in 2024
Mintifi is an online lending platform in India that aims to empower small and medium businesses through accessible financing solutions. Focused on enhancing the last-mile distribution network, Mintifi offers a range of flexible and affordable loan options designed to simplify the purchase financing experience for businesses. By leveraging technology and a corporate distribution network, the platform enables companies to efficiently manage their supply chain operations and obtain necessary funds to support their activities. Through partnerships with various digital channels, including WhatsApp, Mintifi ensures that its services are easily accessible, facilitating quicker and more straightforward access to financing for SMBs.

Wooden Street

Series C in 2024
Wooden Street is a furniture retailer that began online and evolved into an omnichannel network across India, operating more than 25 experience stores and delivery centres serving customers in over 100 cities. The company offers a catalog of pre-made designs plus customization options for wood type, wood finishes, fabric, and color, allowing customers to work with designers to tailor products. Its range includes wooden sofas, stools, benches, chairs, dining tables, and chaise lounges.

Wipro

Post in 2024
Wipro is a global IT services company, operating since 1945. It offers IT services, consulting, and business process outsourcing to clients worldwide across various industries. Wipro's expertise spans digital strategy advisory, customer-centric design, technology consulting, and more. With a strong focus on innovation and sustainability, Wipro is positioned as a trusted partner for businesses seeking transformation.

Purplle

Series E in 2024
Founded in 2011, Purplle is an Indian online retailer specializing in cosmetics, fragrances, skincare, and hair care products. It offers a wide range of beauty brands and products, aiming to enhance the shopping experience for customers.

Home Credit India Finance

Private Equity Round in 2024
Home Credit India Finance Pvt. Ltd. is a prominent non-banking financial company in India that specializes in consumer finance. The company aims to enhance credit penetration and promote financial inclusion by providing simple, transparent, and accessible financial solutions. Operating in over 110 cities across 20 states, Home Credit India has established a robust network of more than 23,000 points-of-sale, enabling it to serve over 5 million customers. The company offers fast and hassle-free loans for a variety of consumer goods, including home appliances, mobile phones, laptops, and two-wheelers. With a workforce exceeding 18,000 employees, Home Credit India has been recognized for its excellence in employer practices.

KreditBee

Series D in 2024
KreditBee is a financial technology company based in India that specializes in digital lending services, primarily targeting salaried individuals. The company focuses on providing small-ticket personal loans through an online micro-lending platform, which enables users, including young professionals and college students, to access financing without the need for a credit history or credit cards. By leveraging technology and data analytics, KreditBee streamlines the loan application and approval process, allowing users to apply for loans online and receive funds quickly, often within a few hours. This approach aims to make credit more accessible and convenient, catering to those who are creditworthy but lack traditional financing options.

TVS Credit Services

Secondary Market in 2023
TVS Credit Services Limited is a non-deposit taking non-banking finance company based in Chennai, India, incorporated in 2008 as a subsidiary of TVS Motor Services Limited. The company specializes in providing vehicle financing solutions, including loans for two-wheelers, used cars, tractors, and three-wheelers, catering primarily to customers in small towns and rural areas. With a network of approximately 2,500 dealerships and around 100 branch offices across India, TVS Credit Services aims to support financial inclusion by offering timely and affordable credit to individuals from diverse socioeconomic backgrounds. The company has also expanded its offerings to include financing for used commercial vehicles and consumer durables. With a customer base exceeding 2.5 million and a strong CRISIL rating, TVS Credit Services has garnered recognition for its contributions to rural marketing and employee engagement.

Mintifi

Series D in 2023
Mintifi is an online lending platform in India that aims to empower small and medium businesses through accessible financing solutions. Focused on enhancing the last-mile distribution network, Mintifi offers a range of flexible and affordable loan options designed to simplify the purchase financing experience for businesses. By leveraging technology and a corporate distribution network, the platform enables companies to efficiently manage their supply chain operations and obtain necessary funds to support their activities. Through partnerships with various digital channels, including WhatsApp, Mintifi ensures that its services are easily accessible, facilitating quicker and more straightforward access to financing for SMBs.

KreditBee

Series D in 2022
KreditBee is a financial technology company based in India that specializes in digital lending services, primarily targeting salaried individuals. The company focuses on providing small-ticket personal loans through an online micro-lending platform, which enables users, including young professionals and college students, to access financing without the need for a credit history or credit cards. By leveraging technology and data analytics, KreditBee streamlines the loan application and approval process, allowing users to apply for loans online and receive funds quickly, often within a few hours. This approach aims to make credit more accessible and convenient, catering to those who are creditworthy but lack traditional financing options.

Shubham Housing Development Finance Company

Venture Round in 2022
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.

Purplle

Series E in 2022
Founded in 2011, Purplle is an Indian online retailer specializing in cosmetics, fragrances, skincare, and hair care products. It offers a wide range of beauty brands and products, aiming to enhance the shopping experience for customers.

Sagar Cements

Post in 2022
Sagar Cements is a prominent cement manufacturer and supplier based in India, specializing in a diverse range of cement products. The company produces Ordinary Portland Cement, Portland Pozzolana Cement, sulfate resistant Portland cement, Portland slag cement, and ground granulated blast furnace slag. A significant portion of its revenue is derived from the sale of cement and clinker, reflecting its established presence in the construction materials sector. With a focus on quality and innovation, Sagar Cements plays a crucial role in meeting the demands of the Indian construction industry.

iD Fresh Food

Series D in 2022
iD Fresh Food is a Bangalore-based manufacturer specializing in ready-to-cook packaged food that emphasizes fresh and nutritious Indian cuisine. The company operates two production plants in Bangalore, along with facilities in Chennai, Mumbai, Hyderabad, Mangalore, and Dubai. iD Fresh Food offers a variety of products, including idli and dosa batter, parathas, whole wheat chapatis, chutneys, and filter coffee decoction, all made from fresh ingredients without chemicals. This focus allows the company to provide convenient and easy-to-prepare meal options that cater to the growing demand for healthy food alternatives. iD Fresh Food products are available through various distribution centers in Mysore and Pune, as well as online platforms like BigBasket, making them accessible to a wide customer base.

Purplle

Series D in 2021
Founded in 2011, Purplle is an Indian online retailer specializing in cosmetics, fragrances, skincare, and hair care products. It offers a wide range of beauty brands and products, aiming to enhance the shopping experience for customers.

smallcase Technologies Pvt.

Series C in 2021
Founded in 2015, smallcase operates an online trading platform that enables users to invest in thematic portfolios of stocks. It offers a range of smallcases based on long-term trends, government policies, sector trends, and investing strategies, helping users choose, buy, track, and manage their investments.

SB Packagings

Secondary Market in 2021
SB Packagings is an Indian manufacturer of flexible packaging materials for the hygiene and food industries. It supplies a broad range of packaging formats, including centre seal, spout, side gusset, wicket bags, and breathable air vent holes, to major brands and retailers such as Procter & Gamble, Johnson & Johnson, Unicharm, Kimberly-Clark, Walmart, PepsiCo and Dabur, with a focus on sustainable packaging solutions.

SB Packagings

Venture Round in 2021
SB Packagings is an Indian manufacturer of flexible packaging materials for the hygiene and food industries. It supplies a broad range of packaging formats, including centre seal, spout, side gusset, wicket bags, and breathable air vent holes, to major brands and retailers such as Procter & Gamble, Johnson & Johnson, Unicharm, Kimberly-Clark, Walmart, PepsiCo and Dabur, with a focus on sustainable packaging solutions.

FirstCry India

Secondary Market in 2021
FirstCry is an online platform based in Pune, India, specializing in baby and kids' products. Founded in 2010, the company offers an extensive range of over 20,000 items from more than 250 renowned international and Indian brands, including Mattel, Pampers, and Disney. FirstCry's business model encompasses not only the sale of baby products and toys but also the wholesale distribution of fast-moving consumer goods (FMCG) through various partners. Additionally, the company operates a preschool segment via franchise partnerships across India. By focusing on quality products and providing a reliable online shopping experience, FirstCry aims to ensure customer satisfaction through prompt delivery services and responsive customer care.

FirstCry India

Venture Round in 2021
FirstCry is an online platform based in Pune, India, specializing in baby and kids' products. Founded in 2010, the company offers an extensive range of over 20,000 items from more than 250 renowned international and Indian brands, including Mattel, Pampers, and Disney. FirstCry's business model encompasses not only the sale of baby products and toys but also the wholesale distribution of fast-moving consumer goods (FMCG) through various partners. Additionally, the company operates a preschool segment via franchise partnerships across India. By focusing on quality products and providing a reliable online shopping experience, FirstCry aims to ensure customer satisfaction through prompt delivery services and responsive customer care.

KreditBee

Series C in 2021
KreditBee is a financial technology company based in India that specializes in digital lending services, primarily targeting salaried individuals. The company focuses on providing small-ticket personal loans through an online micro-lending platform, which enables users, including young professionals and college students, to access financing without the need for a credit history or credit cards. By leveraging technology and data analytics, KreditBee streamlines the loan application and approval process, allowing users to apply for loans online and receive funds quickly, often within a few hours. This approach aims to make credit more accessible and convenient, catering to those who are creditworthy but lack traditional financing options.

MedPlus

Private Equity Round in 2021
MedPlus Health Services Pvt. Ltd. is a prominent pharmacy retail chain in India, founded in 2006 in Hyderabad. The company operates over 1,400 pharmacies across the country, serving more than 250,000 customers daily. MedPlus offers a wide range of products, including prescription medications, over-the-counter medicines, vitamins, and personal care items. In addition to its physical stores, MedPlus has developed a significant online presence through its e-pharmacy platform, MedPlusMart.com, which allows customers to conveniently order products, access health records, and view prescription histories. The company also provides laboratory testing services and distributes pharmaceuticals and medical consumables to healthcare providers, ensuring a comprehensive approach to health and wellness. MedPlus is committed to sourcing high-quality medicines from reliable suppliers, thus enhancing customer trust and safety in the pharmaceutical market.

Innovium

Series F in 2020
Innovium, Inc. is a technology company that develops and deploys advanced switching silicon solutions tailored for cloud, enterprise, and edge data centers globally. Founded in 2014 and headquartered in San Jose, California, with an additional location in Bengaluru, India, Innovium focuses on addressing the critical challenges faced by modern data centers. The company offers its TERALYNX product line, including TERALYNX 7 for large-scale public and private clouds and TERALYNX 5 for top-of-rack, enterprise, edge, and 5G data centers. Additionally, Innovium provides a cloud-based network operating system, open-source standard APIs, and a software development kit to enhance networking capabilities. By emphasizing scalability, low latency, and advanced telemetry, Innovium aims to deliver high-performance, feature-rich networking solutions that meet the evolving demands of its clients.

SBI General Insurance

Private Equity Round in 2019
SBI General Insurance offers a wide range of general insurance products for individuals and businesses. Established in 2009, it provides motor, health, travel, home, and personal accident insurances among others. The company caters to retail customers and corporates alike, ensuring accessibility through both digital and physical modes.

MedPlus

Series C in 2019
MedPlus Health Services Pvt. Ltd. is a prominent pharmacy retail chain in India, founded in 2006 in Hyderabad. The company operates over 1,400 pharmacies across the country, serving more than 250,000 customers daily. MedPlus offers a wide range of products, including prescription medications, over-the-counter medicines, vitamins, and personal care items. In addition to its physical stores, MedPlus has developed a significant online presence through its e-pharmacy platform, MedPlusMart.com, which allows customers to conveniently order products, access health records, and view prescription histories. The company also provides laboratory testing services and distributes pharmaceuticals and medical consumables to healthcare providers, ensuring a comprehensive approach to health and wellness. MedPlus is committed to sourcing high-quality medicines from reliable suppliers, thus enhancing customer trust and safety in the pharmaceutical market.

Gold Plus Glass

Venture Round in 2018
Gold Plus Glass Industry Limited, established in 1985 and based in New Delhi, India, specializes in the manufacture, processing, and trading of various glass products. The company offers a diverse range of glasses, including float glass, architectural glass, automotive glass, and specialty options such as frosted and lacquered glass. As a pioneer in the industry, Gold Plus Glass is recognized as the first 100% Indian-owned company to manufacture float glass in the country. Its extensive portfolio caters to both commercial and industrial sectors, making it a significant player in the Indian glass market.

Shubham Housing Development Finance Company

Series D in 2018
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.

Policybazaar Insurance Brokers Private Limited

Series E in 2017
Policybazaar Insurance Brokers Private Limited operates an online insurance marketplace and software platform in India. It provides life, health, car, two-wheeler, general, travel and home insurance through its portal and mobile app, enabling consumers to compare plans based on coverage, premium, benefits and exclusions. The company aggregates information on medical, term life, travel and motor insurance products and offers tools and calculators to help users estimate their insurance requirements and expected premiums. Headquartered in Gurugram and founded in 2014, Policybazaar aims to simplify the process of selecting insurance by presenting transparent comparisons and guidance to help customers make informed decisions.

Shubham Housing Development Finance Company

Venture Round in 2017
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company offers a range of financial products, including home loans, home improvement loans, and loans against property. As one of the pioneering organizations in India focused on serving urban low-income and informal income families, Shubham aims to facilitate home ownership by offering formal credit options to those typically excluded by traditional lending institutions. Its unique operating model emphasizes an interview-based approach to underwriting, allowing the company to gain a comprehensive understanding of customers' income and expense flows, rather than relying solely on conventional documentation.

Future Lifestyle Fashions

Post in 2017
Future Lifestyle Fashions Limited is an integrated fashion company based in Mumbai, India. It operates a variety of retail formats, including department stores under the Central name, youth fashion outlets known as Brand Factory, and specialty sportswear stores under the Planet Sports brand. The company offers a diverse range of products, including formal and casual menswear, women’s ethnic and casual wear, activewear, denim, footwear, and accessories. Its extensive portfolio features well-known brands such as Lee Cooper, Scullers, Indigo Nation, John Miller, and Jealous 21. Future Lifestyle Fashions distributes its products through its own brand outlets, multi-brand outlets, and e-commerce platforms, maintaining a significant presence with numerous Central and Brand Factory stores, as well as exclusive brand outlets. The company was incorporated in 2012 and has since established itself as a notable player in the Indian fashion retail sector.

iD Fresh Food

Series B in 2017
iD Fresh Food is a Bangalore-based manufacturer specializing in ready-to-cook packaged food that emphasizes fresh and nutritious Indian cuisine. The company operates two production plants in Bangalore, along with facilities in Chennai, Mumbai, Hyderabad, Mangalore, and Dubai. iD Fresh Food offers a variety of products, including idli and dosa batter, parathas, whole wheat chapatis, chutneys, and filter coffee decoction, all made from fresh ingredients without chemicals. This focus allows the company to provide convenient and easy-to-prepare meal options that cater to the growing demand for healthy food alternatives. iD Fresh Food products are available through various distribution centers in Mysore and Pune, as well as online platforms like BigBasket, making them accessible to a wide customer base.

Lenskart

Series E in 2016
Lenskart is an Indian online optical store offering a wide range of prescription eyeglasses and contact lenses. With over 500 frame designs and various brands, it provides affordable options starting from Rs. 399. The company ensures hassle-free shopping with free home delivery within 48 hours and a 365-day return policy.

Equitas Holdings

Private Equity Round in 2016
Equitas Holdings Limited, based in Chennai, India, operates as a non-banking financial institution through its subsidiaries. Founded in 2007, the company focuses on providing a range of financial services, including microfinance, vehicle finance, housing finance, and loans for micro and small enterprises, as well as agricultural and gold loans. It serves individuals and businesses, particularly those with limited access to traditional banking services. Additionally, Equitas Holdings engages in online freight facilitation under the Wowtruck brand. The company evolved from its original name, Equitas Micro Finance India Private Limited, in 2012, and it has since expanded its offerings to include a variety of financial products aimed at helping low-income customers and self-employed individuals.

Snapdeal

Private Equity Round in 2015
Snapdeal is India's largest online marketplace, launched in February 2010, that connects buyers and sellers across a wide range of product categories including mobile phones, electronics, apparel, cosmetics, and home goods. The platform is designed to create a reliable and frictionless commerce ecosystem, offering convenient delivery options even to remote areas. Snapdeal is notable for its competitive pricing, featuring daily deals and discounts that make various products accessible to consumers. It has established itself as a market leader in the retail space and is recognized for its significant presence in categories such as watches, sunglasses, and jewelry. With over 1,000 employees, Snapdeal fosters a vibrant work environment and continues to play a critical role in India's e-commerce landscape.

ServiceMax

Series F in 2015
ServiceMax, Inc. is a leading provider of cloud-based field service software solutions, specializing in Service Execution Management, which encompasses both Field Service Management and Asset Service Management. Founded in 1999 and headquartered in Pleasanton, California, with additional offices across the globe, ServiceMax offers a comprehensive platform designed to enhance the productivity of equipment-centric service operations for various sectors, including life sciences, industrial manufacturing, oil and gas, telecommunications, and more. The company's offerings include advanced features such as work order management, scheduling and dispatch, inventory and contract management, and analytics, all aimed at improving efficiency and customer service. ServiceMax also provides tailored solutions like ServiceMax Linx for automated scheduling and workforce optimization, as well as ServicePulse for enhanced collaboration. By leveraging its cloud-based technology, ServiceMax enables enterprises to optimize their service processes, increase revenue, and ensure compliance while delivering superior customer experiences.

Policybazaar Insurance Brokers Private Limited

Series D in 2015
Policybazaar Insurance Brokers Private Limited operates an online insurance marketplace and software platform in India. It provides life, health, car, two-wheeler, general, travel and home insurance through its portal and mobile app, enabling consumers to compare plans based on coverage, premium, benefits and exclusions. The company aggregates information on medical, term life, travel and motor insurance products and offers tools and calculators to help users estimate their insurance requirements and expected premiums. Headquartered in Gurugram and founded in 2014, Policybazaar aims to simplify the process of selecting insurance by presenting transparent comparisons and guidance to help customers make informed decisions.

Financial Software & Systems

Series D in 2014
Financial Software & Systems (FSS) is a global company specializing in banking and digital payments, headquartered in India. With a team of over 2,500 payment professionals, FSS serves more than 150 clients across regions including Africa, Asia Pacific, Europe, the Middle East, and North America. The company has over 25 years of experience in the payments domain, offering a comprehensive suite of software products and custom solutions that encompass issuance, omnichannel acquiring, digital banking, and payment processing. FSS provides critical services such as ATM and POS solutions, smart reconciliation, monitoring, digital security, payment analytics, and financial inclusion. Its diverse customer base includes banks, central regulators, governments, financial intermediaries, merchants, and payment associations, enabling them to efficiently process millions of transactions daily while ensuring security and compliance.

Snapdeal

Series E in 2014
Snapdeal is India's largest online marketplace, launched in February 2010, that connects buyers and sellers across a wide range of product categories including mobile phones, electronics, apparel, cosmetics, and home goods. The platform is designed to create a reliable and frictionless commerce ecosystem, offering convenient delivery options even to remote areas. Snapdeal is notable for its competitive pricing, featuring daily deals and discounts that make various products accessible to consumers. It has established itself as a market leader in the retail space and is recognized for its significant presence in categories such as watches, sunglasses, and jewelry. With over 1,000 employees, Snapdeal fosters a vibrant work environment and continues to play a critical role in India's e-commerce landscape.
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