Pegasus FinInvest Advisory

Pegasus FinInvest is a venture capital firm established in 2016 and located in Mumbai, India. The firm specializes in making impact investments across various sectors, including health technology, financial inclusion, fintech, education technology, and cleantech. Pegasus FinInvest aims to generate financial returns while also creating a positive socio-economic impact within the ecosystems it develops. By prioritizing responsible business practices, the firm seeks to contribute meaningfully to the communities it serves.

Nitika Agarwal

Principal and Head of Investments

Shridhar Narayan

Founder and Managing Partner

Salman Rumani

Associate Manager

4 past transactions

Lal10

Seed Round in 2022
Lal10 is a B2B platform that connects rural SMEs to global buyers. They make transactions happen between 1800+ rural SMEs through mobile CRMs and retail buyers across 18 countries. They are Faire.com of Asia with a market potential of $9bn. Today they have 400+ retailers like Zara, Toast, New Looks, Pepperfry, Myntra, Ajio, FabIndia, Anita Dongre, Tata Taniera etc. The retention of buyers is more than 85%. Founders are ex Flipkart, DCE, IIT Madras, and NITIE graduates. They have raised $1.8mn from prominent angels like Amit Ranjan, Pravin Gandhi, Mekin Maheshwari, ex ITC CEO, Beyond Capital, Angellist and Sorenson fund in seed rounds. They were part of the Forbes 30 Under 30 Asia and India list.

RED.Health

Series A in 2022
RED.Health, operating under the name StanPlus Technologies Private Limited, is a medical transportation service provider based in Hyderabad, India. Established in 2016, the company manages a comprehensive ambulance network featuring a fleet of over 900 ambulances and 60 ambulance operators. It offers 24/7 emergency and non-emergency medical transportation, ensuring rapid response times of approximately 15 minutes for patients across the city. The ambulances are equipped with Advanced Life Support (ALS), Basic Life Support (BLS), and cardiac support capabilities, catering to a variety of medical needs. Additionally, RED.Health collaborates with 13 participating hospitals, allowing access to its services through a single phone number for convenience.

RED.Health

Seed Round in 2020
RED.Health, operating under the name StanPlus Technologies Private Limited, is a medical transportation service provider based in Hyderabad, India. Established in 2016, the company manages a comprehensive ambulance network featuring a fleet of over 900 ambulances and 60 ambulance operators. It offers 24/7 emergency and non-emergency medical transportation, ensuring rapid response times of approximately 15 minutes for patients across the city. The ambulances are equipped with Advanced Life Support (ALS), Basic Life Support (BLS), and cardiac support capabilities, catering to a variety of medical needs. Additionally, RED.Health collaborates with 13 participating hospitals, allowing access to its services through a single phone number for convenience.

Lal10

Seed Round in 2020
Lal10 is a B2B platform that connects rural SMEs to global buyers. They make transactions happen between 1800+ rural SMEs through mobile CRMs and retail buyers across 18 countries. They are Faire.com of Asia with a market potential of $9bn. Today they have 400+ retailers like Zara, Toast, New Looks, Pepperfry, Myntra, Ajio, FabIndia, Anita Dongre, Tata Taniera etc. The retention of buyers is more than 85%. Founders are ex Flipkart, DCE, IIT Madras, and NITIE graduates. They have raised $1.8mn from prominent angels like Amit Ranjan, Pravin Gandhi, Mekin Maheshwari, ex ITC CEO, Beyond Capital, Angellist and Sorenson fund in seed rounds. They were part of the Forbes 30 Under 30 Asia and India list.
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