Lok Capital

Lok Capital is an asset management firm established in 2004 and based in Gurgaon, India. It operates as a private equity and venture capital arm of the Lok Foundation, focusing on early-stage and startup investments primarily in the fintech sector. The firm aims to enhance financial inclusion by providing affordable financial services to low-income households. Its investment portfolio includes microfinance companies, small business finance, and renewable energy initiatives, among others. Lok Capital seeks to invest between $1 million and $7 million in enterprises that demonstrate potential for social impact, particularly in areas such as education, healthcare, and livelihoods. With over $85 million under management across its funds, Lok Capital leverages its deep understanding of India’s regulatory environment and entrepreneurial landscape to promote commercially viable solutions for urban and rural communities. The Lok Foundation, established in 2003, supports these efforts through targeted grants and advocacy initiatives.

Rajesh Babu

Director

Rajat Bansal

Associate

Ritesh Gupta

Associate and investments professional of venture capital and private equity

Priyanshu Gupta

Associate VP

Bhavesh Hemani

VP of Finance

Ami Karnik

Senior Associate

Vishal Mehta

Co-Founder, Partner and Managing Director

Venkatesh Natarajan

Co-Founder & Partner

Venky Natarajan

Co-Founder and Partner

Donald Peck

Co-Founder

Priyamvada Ramkumar

Partner

Gaurav Shah

VP, Portfolio Management

Aditya Sharma

Director of Portfolio

Rini Singhal

Associate

Shivthilak Tallam

Associate

55 past transactions

Mintifi

Private Placement in 2018
Mintifi Private Limited develops and operates online lending platform that provides unsecured credit to small and medium businesses. Its products include working capital loan, bill discounting limit for invoice financing, and term loans. Mintifi Private Limited caters to hospitality, travel, education, logistics, retail, and computer peripherals industries. The company was incorporated in 2017 and is headquartered in Mumbai, India.

Ummeed Housing Finance

Series B in 2017
Ummeed Housing Finance is a housing finance company that provides home loans and loan against property to lower and middle income families. The company aims to help people with informal incomes, who have limited access to organized finance and who constitute significant portion of the Indian population. Ummeed Housing Finance's services include issuance of home loans and loan against property to improve operational efficiency and reduce turnaround time for customers, enabling low and middle income households to get access to affordable housing loans in an innovative and personalized manner.

Jana Small Finance Bank

Series A in 2007
Janalakshmi Financial Services is a for-profit NBFC serving the urban underserved, with the promoter stake held in the not-for-profit entity Janalakshmi Social Services. This is the only NBFC in India structured in such a manner, with the deliberate intent of keeping the social spirit intact. Janalakshmi Financial Services' market-based approach to financial inclusion is defined by three distinct characteristics: first, an exclusive focus on servicing the needs of the urban poor; second, a strong customer-value driven approach in designing financial products and services; third, the centrality of technology and processes as the foundation of a scalable enterprise.
Hippocampus Learning Centres (HLC) aims to address the growing demand for quality education in India by providing a specialized curriculum that will better prepare children for advanced education and employment opportunities. HLC recruits, trains, and manages a network of teachers in rented village centers, and charges an affordable monthly fee for quality educational services based on international best practices.

Akshayakalpa

Series A in 2021
Akshayakalpa Farms And Foods Pvt. Ltd. produces and sells organic milk and milk products. It offers milk, curd, butter milk, butter, ghee, cheese, paneer, and yogurt. The company was founded in 2010 and is based in Tiptur. India.

QED

Series A in 2014
QED intends to make science learning inclusive, relevant and more importantly universally accessible for all boys and girls - young budding scientists. QED is neither a school nor a laboratory. QED is quite aptly called The Center For The Art Of Science.

Affordplan

Series B in 2018
Emerging from an intent to enable affordability to millions of ailing commoners, Affordplan provides tailored financial planning solutions that allow the people to plan, save & pay for their medical expenses beforehand. From pre-planned procedures like cosmetic dentistry to chronic or intensive conditions like cardiac care, an Affordplan is of aid to a diversified range of medical treatments.

RuralShores

Venture Round in 2010
RuralShores is a social enterprise, pioneering the next major innovation to the corporate operating model. It is focused on providing underprivileged rural youth with sophisticated employability solutions and sustainable employment opportunities. It aims to help organizations tap the talent and markets of rural India and in the process integrate rural youth into knowledge economy. It offers its clients a game changing proposition to support their operational transformation efforts and cost savings and committed service levels that are enabled through a talented and dedicated workforce. In addition, we provide non-replicable access to rural markets that is critical to companies growing in India heartland.

D2C Insurance Broking Pvt Ltd

Private Placement in 2019
D2C Insurance Broking Pvt Ltd provides insurance brokerage services. The company offers motor insurance, car insurance, two wheeler insurance, and health insurance. additionally the company operates a platform to compare and buy insurance products. D2C Insurance Broking Pvt Ltd was founded in 2013 and is based in Gurugram, India.

Ummeed Housing Finance

Series C in 2018
Ummeed Housing Finance is a housing finance company that provides home loans and loan against property to lower and middle income families. The company aims to help people with informal incomes, who have limited access to organized finance and who constitute significant portion of the Indian population. Ummeed Housing Finance's services include issuance of home loans and loan against property to improve operational efficiency and reduce turnaround time for customers, enabling low and middle income households to get access to affordable housing loans in an innovative and personalized manner.

Mintifi

Seed Round in 2017
Mintifi Private Limited develops and operates online lending platform that provides unsecured credit to small and medium businesses. Its products include working capital loan, bill discounting limit for invoice financing, and term loans. Mintifi Private Limited caters to hospitality, travel, education, logistics, retail, and computer peripherals industries. The company was incorporated in 2017 and is headquartered in Mumbai, India.

Usekiwi Infolabs Private Limited

Private Placement in 2018
Usekiwi Infolabs Private Limited provides financial planning solutions that enable users to plan, save, and pay for their medical expenses beforehand. Its solutions enable users to manage medical expenses for eye care, cardiology and CTVs, dental care, general surgeries, IVF and gynecology, gastro-treatments, enterology, oncology and encore surgeries, kidney stone removal, transplants, orthopedic, joint replacement and surgeries, and neurology, as well as plastic, cosmetic, and reconstruction surgeries. The company also provides personal medical loans for those who require quality medical assistance. Usekiwi Infolabs Private Limited was incorporated in 2015 and is headquartered in New Delhi, India.

Mintifi

Series C in 2022
Mintifi Private Limited develops and operates online lending platform that provides unsecured credit to small and medium businesses. Its products include working capital loan, bill discounting limit for invoice financing, and term loans. Mintifi Private Limited caters to hospitality, travel, education, logistics, retail, and computer peripherals industries. The company was incorporated in 2017 and is headquartered in Mumbai, India.
Siddhivinayak Agri Processing operates a managed potato supply chain intended to create value across the food supply chain and food processing sector. The company's managed potato supply chain offers seeds, inputs and process grade potatoes to farmers, food processors and large domestic and international snack makers, enabling them to yield large volume of potatoes for the masses.

Veritas Finance

Series C in 2018
Veritas Finance Private Limited, a non-banking finance company, provides financial services for micro, small, and medium enterprises (MSME) primarily in the rural and semi-urban areas in India. It offers MSME, working capital, and construction loans, as well as loans for business expansion, purchase of assets, construction of houses, etc. The company was founded in 2015 and is based in Chennai, India.

HR Food Processing

Series B in 2016
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.

Veritas Finance

Private Placement in 2020
Veritas Finance Private Limited, a non-banking finance company, provides financial services for micro, small, and medium enterprises (MSME) primarily in the rural and semi-urban areas in India. It offers MSME, working capital, and construction loans, as well as loans for business expansion, purchase of assets, construction of houses, etc. The company was founded in 2015 and is based in Chennai, India.

Drishti Eye Care

Series C in 2019
Drishti is a social impact enterprise that provides affordable eye care in under-served markets. Our model effectively covers distributed populations across one district using a hub and spoke model.

Veritas Finance

Series B in 2017
Veritas Finance Private Limited, a non-banking finance company, provides financial services for micro, small, and medium enterprises (MSME) primarily in the rural and semi-urban areas in India. It offers MSME, working capital, and construction loans, as well as loans for business expansion, purchase of assets, construction of houses, etc. The company was founded in 2015 and is based in Chennai, India.

Suryoday Small Finance Bank

Venture Round in 2010
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

Mintifi

Seed Round in 2018
Mintifi Private Limited develops and operates online lending platform that provides unsecured credit to small and medium businesses. Its products include working capital loan, bill discounting limit for invoice financing, and term loans. Mintifi Private Limited caters to hospitality, travel, education, logistics, retail, and computer peripherals industries. The company was incorporated in 2017 and is headquartered in Mumbai, India.

Veritas Finance

Series E in 2020
Veritas Finance Private Limited, a non-banking finance company, provides financial services for micro, small, and medium enterprises (MSME) primarily in the rural and semi-urban areas in India. It offers MSME, working capital, and construction loans, as well as loans for business expansion, purchase of assets, construction of houses, etc. The company was founded in 2015 and is based in Chennai, India.

Drishti Eye Care

Seed Round in 2012
Drishti is a social impact enterprise that provides affordable eye care in under-served markets. Our model effectively covers distributed populations across one district using a hub and spoke model.

Superbottoms

Series A in 2023
Manufacturer of eco-friendly cloth diapers intended to provide babies with comfortable and longer-lasting clothing. The company's diapers are reusable cloth diapers that are sustainable and for longer-term usage, thereby enabling parents with quality diapers, quirky designs, and tested products at affordable prices for their babies.

Sitara

Venture Round in 2014
Sewa Grih Rin Limited, a housing finance company, provides housing loans to low-income households in India. It offers mortgage products for use in conjunction with government subsidies and tenure security; and non-mortgage loans for home and infrastructure improvements. The company was incorporated in 2011 and is headquartered in New Delhi, India.

Adro Ad Exchange

Series A in 2016
Adro Ad Exchange is a real-time advertising platform that connects a range of suppliers and real-time exchanges to secure the ad placements on various websites and applications. The platform’s direct integration enables its users to work with a variety of publishers across private and public market places. Adro Ad Exchange works with over 50,000 publishers through its suppliers to deliver a monthly reach that represents more than 76% of online Persian users. The platform launched its demand-side platform for ad buyers and supply-side platform for inventory suppliers. Launched in 2014 by Masoud Khosravi and Sayed Ali Jafari, Adro Ad Exchange is operated from Tehran, Iran.

Suryoday Small Finance Bank

Private Placement in 2019
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

D2C Consulting Services Private Limited

Private Placement in 2019
D2C Consulting Services Private Limited owns and operates RenewBuy, an online insurance aggregator. The company offers insurance coverage for cars and bikes. It also offers claim assistance. The company’s services include insurance quotes, reminder service, digital locker for all documents, servicing and claim assistance. The company was founded in 2012 and is based in New Delhi, India.

RenewBuy

Series C in 2021
Simplest way to renew your car insurance. Get quote and insure your car in couple of minutes - no pesky calls/ salesmen...And avail best deals too..

Suryoday Small Finance Bank

Venture Round in 2020
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

Suryoday Small Finance Bank

Venture Round in 2019
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

Sewa

Venture Round in 2015
Self-Employed Women's Association of India (SEWA) is a trade union for poor, self-employed women workers in India. SEWA was founded in 1972 by the noted Gandhian and civil rights leader Dr Ela Bhatt. SEWA's main office is located in Ahmedabad, Gujarat, and it works in several states of India. SEWA had a membership of 966,139 in the year 2008. SEWA members are women who earn a living through their own labour or small business. They do not obtain regular salaried employment with welfare benefits like workers in the organized sector. They are the unprotected labour force of India. Constituting 93% of the labour force, these are workers of the unorganized sector. Of the female labour force in India, more than 94% are in the unorganized sector. However their work is not counted and hence remains invisible. SEWA is strongly supported by the World Bank which holds it out as a model to be replicated elsewhere

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.

MAS Financial Services

Venture Round in 2014
MAS Financial Services Limited offers retail financing services in India. The company provides micro enterprise, two wheeler, small and medium enterprise, commercial vehicle, used car, tractor, and housing loans; and loans to micro finance institutions and non-banking financial companies. It has approximately 3,300 centers in cities of Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu, and Karnataka. The company serves low and middle income individuals, as well as micro, small, and medium enterprises. MAS Financial Services Limited was founded in 1995 and is headquartered in Ahmedabad, India.
Dr. Mohan's Diabetes Specialities Centre owns and operates diabetic hospitals in Tamil Nadu, Delhi, Andhra Pradesh, Telangana, Pondicherry, and Karnataka, India. It offers services in the areas of complete diabetes care, diabetic dental care, diabetic eye care, diabetic foot care, diabetes obesity care, and diabetes preventive care. Dr. Mohan's Diabetes Specialities Centre was founded in 1991 and is based in Chennai, India.

Vistaar

Series B in 2012
The idea of Vistaar dawned on the minds of two first generation entrepreneurs, who truly believe in supporting and creating new economic opportunity through providing access to finance, to deserving small business men, to enhance and enrich their lives and the community they live in. The Company targets the missing middle segment, consisting of customers with an annual income of Rs 120000-10,00,000, which is not effectively served by the formal financial system.
Spandana Sphoorty Financial Limited engages in the micro finance business in India. The company offers income generation loans for low-income households; loans against property; and loans for women to expand their existing income generating activities, smoothening household cash flows, and acquiring productive assets. It also provides gold loans for agriculture, business, and short-term liquidity needs; and interim loans. The company serves low-income clients in urban and rural areas. Spandana Sphoorty Financial Limited was founded in 1998 and is based in Hyderabad, India.

Suryoday Small Finance Bank

Venture Round in 2014
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

Green Light Foods LLP

Private Placement in 2019
Green Light Foods LLP produces and sells breakfast cereals and snacks. The company offers toasted millet muesli, buttermilk and millet crackers, and clusters and flakes breakfast cereals. It sells its products online. The company was founded in 2015 and is based in Coimbatore, India.

Veritas Finance

Series A in 2016
Veritas Finance Private Limited, a non-banking finance company, provides financial services for micro, small, and medium enterprises (MSME) primarily in the rural and semi-urban areas in India. It offers MSME, working capital, and construction loans, as well as loans for business expansion, purchase of assets, construction of houses, etc. The company was founded in 2015 and is based in Chennai, India.

QED

Series A in 2014
QED intends to make science learning inclusive, relevant and more importantly universally accessible for all boys and girls - young budding scientists. QED is neither a school nor a laboratory. QED is quite aptly called The Center For The Art Of Science.

RenewBuy

Series B in 2019
Simplest way to renew your car insurance. Get quote and insure your car in couple of minutes - no pesky calls/ salesmen...And avail best deals too..

Akshayakalpa

Private Placement in 2019
Akshayakalpa Farms And Foods Pvt. Ltd. produces and sells organic milk and milk products. It offers milk, curd, butter milk, butter, ghee, cheese, paneer, and yogurt. The company was founded in 2010 and is based in Tiptur. India.

Drishti Eye Care

Series A in 2013
Drishti is a social impact enterprise that provides affordable eye care in under-served markets. Our model effectively covers distributed populations across one district using a hub and spoke model.

Jana Small Finance Bank

Series A in 2008
Janalakshmi Financial Services is a for-profit NBFC serving the urban underserved, with the promoter stake held in the not-for-profit entity Janalakshmi Social Services. This is the only NBFC in India structured in such a manner, with the deliberate intent of keeping the social spirit intact. Janalakshmi Financial Services' market-based approach to financial inclusion is defined by three distinct characteristics: first, an exclusive focus on servicing the needs of the urban poor; second, a strong customer-value driven approach in designing financial products and services; third, the centrality of technology and processes as the foundation of a scalable enterprise.

Osam Dairy

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.

Suryoday Small Finance Bank

Private Placement in 2020
Suryoday Micro Finance is a registered non-banking finance company that provides loans to women from economically weaker sections and unable to access traditional banking services. It offers products and value-added services to the economically challenged people by helping them generate higher incomes, build an asset base, and achieve a sustainably better standard of living. The company’s objective is to reduce poverty in its area of operation.

Seeds Fincap

Series A in 2023
Seeds Fincap is a Delhi-based company that was incorporated as a Private Limited company.

Aquaconnect

Series A in 2022
Aquaconnect was founded in 2017 as a full-stack aquaculture technology venture to offer data-driven farm advisory solutions and market place solutions to Shrimp and Fish farmers. As a part of promoting sustainable farming practices in aquaculture ecosystem, we have launched an Artificial Intelligence farm advisor 'FarmMOJO' - a friendly farm companion. FarmMOJO's data intelligence improves farm productivity and connects farmers with aquaculture industry stakeholders under its market place. Aquaconnect works with about 3000 farmers in Indian states of Andhra, Tamilnadu, and Gujrat to improve their farm revenues through technology intervention.

Seeds Fincap

Series A in 2024
Seeds Fincap is a Delhi-based company that was incorporated as a Private Limited company.

Ummeed Housing Finance

Private Placement in 2018
Ummeed Housing Finance is a housing finance company that provides home loans and loan against property to lower and middle income families. The company aims to help people with informal incomes, who have limited access to organized finance and who constitute significant portion of the Indian population. Ummeed Housing Finance's services include issuance of home loans and loan against property to improve operational efficiency and reduce turnaround time for customers, enabling low and middle income households to get access to affordable housing loans in an innovative and personalized manner.

Ummeed Housing Finance

Series A in 2016
Ummeed Housing Finance is a housing finance company that provides home loans and loan against property to lower and middle income families. The company aims to help people with informal incomes, who have limited access to organized finance and who constitute significant portion of the Indian population. Ummeed Housing Finance's services include issuance of home loans and loan against property to improve operational efficiency and reduce turnaround time for customers, enabling low and middle income households to get access to affordable housing loans in an innovative and personalized manner.