Lok Capital

Lok Capital is a private equity and venture capital firm based in Gurugram, India, specializing in early-stage and startup investments across various sectors, including fintech, healthcare, agriculture, and financial services. Founded in 2004, Lok Capital aims to promote financial and social inclusion, focusing on affordable financial solutions for low-income households. The firm invests in microfinance, small business financing, insurance, and renewable energy, among other areas, prioritizing businesses that create a social impact and enhance livelihoods, education, and healthcare. It manages two funds with over $85 million in assets and typically invests between $1 million and $7 million in companies that have not yet received small finance bank licenses, with a particular focus on the Indian market. Lok Capital was initiated with support from the Rockefeller Foundation and operates additional offices in Mauritius, Chennai, and Mumbai.

Rajat Bansal

Director

Mousum Pal Choudhury

Director

Vikram Dileepan

Director

Vishal Mehta

Co-Founder, Partner and Investment Committee Member

Venkatesh Natarajan

Co-Founder, Partner and Investment Committee Member

Priyamvada Ramkumar

Partner

41 past transactions

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.

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..

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.

Suryoday Small Finance Bank

Venture Round in 2020
Suryoday Small Finance Bank Limited is a small finance bank in India focused on promoting financial inclusion for the unserved and underserved segments of the population. Established in 2008 and based in Navi Mumbai, the bank offers a range of banking services, including savings and current accounts, term deposits, and loans for mortgages, commercial vehicles, and micro, small, and medium enterprises. It also provides home loans, secured business loans, and group loans, along with various insurance products and pension schemes. The bank supports its customers with debit cards, NRI banking services, and digital banking facilities, while also operating 482 banking outlets across 12 states and union territories as of July 2020. Originally founded as Suryoday Micro Finance Limited, the institution rebranded in January 2017 to better reflect its broader banking services aimed at improving the financial well-being of economically disadvantaged individuals and reducing poverty in its operational areas.

Veritas Finance

Series E in 2020
Veritas Finance Private Limited is a non-banking finance company based in Chennai, India, established in 2015. It primarily serves micro, small, and medium enterprises (MSMEs) in rural and semi-urban areas, addressing the financial needs of customers who often lack access to traditional banking services. The company offers a range of financial products, including working capital loans, construction loans, and financing for business expansion and asset purchases. Veritas Finance aims to positively impact the lives of individuals engaged in informal activities by providing inclusive access to financial services, thereby supporting the growth of the MSME sector in India. The organization is led by experienced professionals in the financial services industry, dedicated to simplifying the credit process for underserved communities.

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..

Monsoon Harvest

Seed Round in 2019
Producer of breakfast cereals intended to provide customers with healthy alternatives for breakfast. The company's products include granola bars and muesli made of local ancient grains and produce such as millets, amaranth, and palmyra sugar, enabling customers to consume wholesome and sustainable food which have high nutrient content.

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.

Suryoday Small Finance Bank

Venture Round in 2019
Suryoday Small Finance Bank Limited is a small finance bank in India focused on promoting financial inclusion for the unserved and underserved segments of the population. Established in 2008 and based in Navi Mumbai, the bank offers a range of banking services, including savings and current accounts, term deposits, and loans for mortgages, commercial vehicles, and micro, small, and medium enterprises. It also provides home loans, secured business loans, and group loans, along with various insurance products and pension schemes. The bank supports its customers with debit cards, NRI banking services, and digital banking facilities, while also operating 482 banking outlets across 12 states and union territories as of July 2020. Originally founded as Suryoday Micro Finance Limited, the institution rebranded in January 2017 to better reflect its broader banking services aimed at improving the financial well-being of economically disadvantaged individuals and reducing poverty in its operational areas.

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.

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.

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 C in 2018
Veritas Finance Private Limited is a non-banking finance company based in Chennai, India, established in 2015. It primarily serves micro, small, and medium enterprises (MSMEs) in rural and semi-urban areas, addressing the financial needs of customers who often lack access to traditional banking services. The company offers a range of financial products, including working capital loans, construction loans, and financing for business expansion and asset purchases. Veritas Finance aims to positively impact the lives of individuals engaged in informal activities by providing inclusive access to financial services, thereby supporting the growth of the MSME sector in India. The organization is led by experienced professionals in the financial services industry, dedicated to simplifying the credit process for underserved communities.

Veritas Finance

Series B in 2017
Veritas Finance Private Limited is a non-banking finance company based in Chennai, India, established in 2015. It primarily serves micro, small, and medium enterprises (MSMEs) in rural and semi-urban areas, addressing the financial needs of customers who often lack access to traditional banking services. The company offers a range of financial products, including working capital loans, construction loans, and financing for business expansion and asset purchases. Veritas Finance aims to positively impact the lives of individuals engaged in informal activities by providing inclusive access to financial services, thereby supporting the growth of the MSME sector in India. The organization is led by experienced professionals in the financial services industry, dedicated to simplifying the credit process for underserved communities.

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.

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.
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.

Osam

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.

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.

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.

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.
Siddhivinayak Agri Processing Pvt Ltd. is a Pune-based company specializing in potato supply chain management. Established in 2008, it aims to create value in the food supply and processing sectors by providing a comprehensive range of services. These services include inputs, finance, insurance, training, and farm extension support for farmers. The company also offers consulting services, which encompass plant audits, process design, and utility design. Additionally, Siddhivinayak Agri Processing provides cold storage solutions, water treatment facilities, and process automation services. It manufactures equipment for various applications, including flavoring, seasoning, and potato handling, catering to the needs of food processors and snack manufacturers. By offering seeds, inputs, and process-grade potatoes, the company supports farmers and large-scale food producers in maximizing their yields.

Sewa

Venture Round in 2015
The Self-Employed Women's Association of India (SEWA) is a trade union established in 1972 by Dr. Ela Bhatt, aimed at supporting poor, self-employed women workers across India. Headquartered in Ahmedabad, Gujarat, SEWA represents women who earn a living through their own labor or small businesses, primarily within the unorganized sector, which constitutes 93% of India's labor force. Despite their significant contribution, these workers often lack formal recognition and social security benefits. SEWA seeks to empower its members by organizing them to advocate for better working conditions and social protections, thereby enhancing their standard of living. With a membership of over 966,000 as of 2008, SEWA has garnered international attention and support, including from the World Bank, which endorses its model for social development and worker empowerment.

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.

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.

Suryoday Small Finance Bank

Venture Round in 2014
Suryoday Small Finance Bank Limited is a small finance bank in India focused on promoting financial inclusion for the unserved and underserved segments of the population. Established in 2008 and based in Navi Mumbai, the bank offers a range of banking services, including savings and current accounts, term deposits, and loans for mortgages, commercial vehicles, and micro, small, and medium enterprises. It also provides home loans, secured business loans, and group loans, along with various insurance products and pension schemes. The bank supports its customers with debit cards, NRI banking services, and digital banking facilities, while also operating 482 banking outlets across 12 states and union territories as of July 2020. Originally founded as Suryoday Micro Finance Limited, the institution rebranded in January 2017 to better reflect its broader banking services aimed at improving the financial well-being of economically disadvantaged individuals and reducing poverty in its operational areas.

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.

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.

MAS Financial Services

Venture Round in 2014
MAS Financial Services Limited is a non-banking financial company based in Ahmedabad, India, established in 1995. The company specializes in providing a variety of retail financing solutions tailored for low and middle-income individuals as well as micro, small, and medium enterprises. Its offerings include loans for micro enterprises, two-wheelers, three-wheelers, commercial vehicles, used cars, tractors, and housing. Additionally, MAS Financial Services extends financing to microfinance institutions and other non-banking financial companies. With around 3,300 centers across multiple states, including Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu, and Karnataka, the company addresses the financial needs of customers in urban, semi-urban, and rural areas, supporting both formal and informal sectors.

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.

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.

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.
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.

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.

Suryoday Small Finance Bank

Venture Round in 2010
Suryoday Small Finance Bank Limited is a small finance bank in India focused on promoting financial inclusion for the unserved and underserved segments of the population. Established in 2008 and based in Navi Mumbai, the bank offers a range of banking services, including savings and current accounts, term deposits, and loans for mortgages, commercial vehicles, and micro, small, and medium enterprises. It also provides home loans, secured business loans, and group loans, along with various insurance products and pension schemes. The bank supports its customers with debit cards, NRI banking services, and digital banking facilities, while also operating 482 banking outlets across 12 states and union territories as of July 2020. Originally founded as Suryoday Micro Finance Limited, the institution rebranded in January 2017 to better reflect its broader banking services aimed at improving the financial well-being of economically disadvantaged individuals and reducing poverty in its operational areas.

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.

Arohan

Venture Round in 2008
Arohan Financial Services Limited is a non-banking financial company based in Kolkata, India, that specializes in providing a diverse range of financial services primarily to economically active women and small businesses in low-income areas. The company offers microfinance solutions, including small loans for personal and business use, and focuses on facilitating financial inclusion through various products such as loans for shopkeepers, toilet construction, and utility needs. Additionally, Arohan provides supplementary services like group term life insurance and hospi-cash products, along with micro, small, and medium enterprise lending options. Established in 1991, Arohan operates through a network of branches to reach remote locations, thereby enhancing access to financial services for underserved populations. The company is committed to supporting entrepreneurship and development through its loan offerings and financial safety net products.

Jana Small Finance Bank

Series A in 2008
Jana Small Finance Bank Limited is a banking institution based in Bengaluru, India, that provides a range of financial products and services to both individuals and businesses. The bank's offerings include current and savings accounts, fixed and recurring deposits, and a variety of loan products such as home, gold, agriculture, and business loans. Additionally, it provides services like debit cards, online banking, and payment solutions. Jana Small Finance Bank operates through four key segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations, with a significant portion of its revenue generated from retail banking activities. Originally established as Janalakshmi Financial Services Limited in 2006, the institution rebranded to its current name in March 2018.

Spandana Sphoorty

Venture Round in 2007
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.

Jana Small Finance Bank

Series A in 2007
Jana Small Finance Bank Limited is a banking institution based in Bengaluru, India, that provides a range of financial products and services to both individuals and businesses. The bank's offerings include current and savings accounts, fixed and recurring deposits, and a variety of loan products such as home, gold, agriculture, and business loans. Additionally, it provides services like debit cards, online banking, and payment solutions. Jana Small Finance Bank operates through four key segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations, with a significant portion of its revenue generated from retail banking activities. Originally established as Janalakshmi Financial Services Limited in 2006, the institution rebranded to its current name in March 2018.
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