Evolvence India

Founded in 2005, Evolvence India is a Mumbai-based fund of funds manager that provides international investors access to attractive returns within the private markets in India.

Sagar Agarwal

Director

Rohit Batra

Managing Partner and Member of the Investment Committee

Rohit Batra

Managing Partner

Abhishek Chandra

Managing Director, Investments

Abhishek Chandra

Managing Director - Investments

Deependra Dhamu

Principal

Ajit Kumar

Managing Partner and Member of the Investment Committee

Nawaz Naviwala

Senior Associate - Investments

Srinidhi Srinath

Senior Associate - Investments

Deependra Singh Dhamu

Principal

Viswanath Chebrol Ph.D

Co-Founder, Managing Director and Chief Investment Officer

49 past transactions

AgroStar

Venture Round in 2025
Founded in 2013, AgroStar is an Indian AgTech company dedicated to empowering farmers. It offers end-to-end solutions via its omnichannel platform, providing agronomic knowledge and data-driven insights to enhance crop yield and reduce cultivation costs. Operating in five major states, AgroStar serves millions of farmers through its Agri Advisory Center, AgroStar Agri Doctor app, and retail stores.

Emiza

Series C in 2025
Emiza Inc. is a Mumbai-based third-party logistics provider that offers a range of services including warehousing, fulfillment, order management, and inventory management. Founded in 2015, the company operates across several locations in India, including Delhi NCR, Mumbai, Bhiwandi, and Bengaluru. Emiza specializes in both multichannel and omnichannel logistics, enabling clients to efficiently manage and fulfill orders from various online and offline channels. By leveraging a sophisticated warehouse management system, Emiza connects with eCommerce marketplaces and clients' ERP systems, allowing for seamless inventory management. The company has developed a network of hubs in North India for less-than-truckload (LTL) distribution, facilitating timely deliveries of smaller loads to customers. This LTL service not only supports traditional retail but also enhances eCommerce deliveries for larger items. Emiza's multi-client warehousing solutions provide small and medium enterprises with the necessary infrastructure and technology to optimize their logistics operations, thereby fostering growth in both online and offline markets.

Infra.Market

Series F in 2025
Infra.Market is a construction solutions company that offers a wide range of building materials, including cement, steel, chemicals, and more. It leverages technology to simplify procurement and logistics within the construction industry.

Rebel Foods

Secondary Market in 2024
Rebel Foods operates cloud kitchens that deliver food on demand through various in-house brands. It combines culinary expertise with advanced technology to enhance food quality and delivery efficiency, focusing on different consumer dining occasions.

Rebel Foods

Series G in 2024
Rebel Foods operates cloud kitchens that deliver food on demand through various in-house brands. It combines culinary expertise with advanced technology to enhance food quality and delivery efficiency, focusing on different consumer dining occasions.

Veritas Finance

Private Equity Round in 2024
Veritas Finance Private Limited is dedicated to addressing the financial needs of micro, small, and medium enterprises, particularly those in the informal sector with limited access to financial services. Founded with the mission to provide inclusive financial solutions, Veritas focuses on delivering various loan products tailored to meet the working capital and credit requirements of these businesses. Its offerings encompass short-term loans for immediate working capital needs, medium-term loans for business expansion, and long-term loans for asset creation. The company is managed by a team of experienced professionals in the financial services industry, committed to facilitating access to credit and positively impacting the lives of millions of Indians engaged in informal activities that contribute significantly to the nation's economy.

GenWorks Health

Venture Round in 2024
GenWorks Health specializes in delivering healthcare solutions and medical devices tailored for telemedicine services across diverse sectors. The company's offerings include equipment for cardiology, ENT, femtech, in vitro diagnostics (IVD), neonatal care, radiology, respiratory diagnostics, and surgical solutions. GenWorks Health is committed to enhancing medical facilities and diagnostics, particularly in rural areas and tier-2 and 3 locations, ensuring affordability and accessibility for its clients.

Renee Cosmetics

Series B in 2024
Renee Cosmetics is an Indian cosmetics brand offering a wide range of high-quality, cruelty-free products. Founded by actress Aashka Goradia, the company empowers women to express their bold personas through its innovative makeup and skincare line.

Parsons Nutritionals

Private Equity Round in 2024
Parsons Nutritionals is a Private Limited Company established under the Companies Act as a Company limited by Shares. It is a non-government corporation registered with the RoC in Delhi.

Capillary Technologies

Secondary Market in 2024
Founded in 2008, Capillary Technologies is a global leader in SaaS-based customer experience platforms. It empowers over 300 marquee brands across 30+ countries to engage consumers through personalized communication and connected cross-channel experiences. The company's AI-driven solutions enable deep consumer insights, seamless engagement, and loyalty programs, serving over 300 million consumers and 25,000 stores worldwide.

VideoVerse

Private Equity Round in 2023
VideoVerse is a tech company specializing in intelligent video editing tools. It offers platforms like Magnifi for real-time video highlight generation and Illusto for web-based editing, empowering both enterprise and individual content creators.

Captain Fresh

Series C in 2023
Captain Fresh is a Bengaluru-based seafood supply chain platform that operates a B2B marketplace designed to improve the efficiency of the fish and seafood value chain. Founded in 2019, the company focuses on aggregating fragmented retail demand across India and connecting it with small fishermen and farmers along the coast. By leveraging technology, including artificial intelligence, Captain Fresh enhances demand-supply matching and standardizes the quality of supplies. The platform also implements digital traceability systems, which assist farmers in negotiating better feed and seed deals while enabling local fishermen and fish retailers to optimize their material and order management processes.

MoneyView

Series E in 2022
MoneyView is a financial management application designed to help users track and organize expenses, bills, and account balances. It utilizes SMS data to derive financial information, providing users with real-time visibility of their finances. In addition to expense management, MoneyView offers services related to personal loans, allowing users to check their loan eligibility and access low-interest loans through a completely paperless process. The platform emphasizes user-friendly financial management by enabling customers to track their spending while offering flexible repayment terms on loans. Through these comprehensive services, MoneyView aims to enhance users' overall financial awareness and facilitate better money management.

Renee Cosmetics

Series B in 2022
Renee Cosmetics is an Indian cosmetics brand offering a wide range of high-quality, cruelty-free products. Founded by actress Aashka Goradia, the company empowers women to express their bold personas through its innovative makeup and skincare line.

GenWorks Health

Venture Round in 2022
GenWorks Health specializes in delivering healthcare solutions and medical devices tailored for telemedicine services across diverse sectors. The company's offerings include equipment for cardiology, ENT, femtech, in vitro diagnostics (IVD), neonatal care, radiology, respiratory diagnostics, and surgical solutions. GenWorks Health is committed to enhancing medical facilities and diagnostics, particularly in rural areas and tier-2 and 3 locations, ensuring affordability and accessibility for its clients.

MoneyView

Series D in 2022
MoneyView is a financial management application designed to help users track and organize expenses, bills, and account balances. It utilizes SMS data to derive financial information, providing users with real-time visibility of their finances. In addition to expense management, MoneyView offers services related to personal loans, allowing users to check their loan eligibility and access low-interest loans through a completely paperless process. The platform emphasizes user-friendly financial management by enabling customers to track their spending while offering flexible repayment terms on loans. Through these comprehensive services, MoneyView aims to enhance users' overall financial awareness and facilitate better money management.

Captain Fresh

Series C in 2022
Captain Fresh is a Bengaluru-based seafood supply chain platform that operates a B2B marketplace designed to improve the efficiency of the fish and seafood value chain. Founded in 2019, the company focuses on aggregating fragmented retail demand across India and connecting it with small fishermen and farmers along the coast. By leveraging technology, including artificial intelligence, Captain Fresh enhances demand-supply matching and standardizes the quality of supplies. The platform also implements digital traceability systems, which assist farmers in negotiating better feed and seed deals while enabling local fishermen and fish retailers to optimize their material and order management processes.

Mamaearth

Venture Round in 2021
Mamaearth is a personal care brand founded in 2016 by Varun and Ghazal Alagh, focusing on baby and toddler products. The brand is committed to addressing common challenges faced by parents by developing high-quality products that undergo rigorous testing, including clinical dermatology assessments in Europe. Mamaearth emphasizes safety and effectiveness, with its products certified by the external agency MadeSafe. The offerings are enriched with natural ingredients such as Calendula Extract, Shea Butter, and Jojoba Oil. In addition to baby care, Mamaearth operates in various personal care categories, including skin and hair care, and plans to expand its product range to provide natural solutions for issues like morning sickness and baby colic. The company primarily generates its revenue in India, leveraging a digital-first approach to reach its customers.

Veritas Finance

Series F in 2021
Veritas Finance Private Limited is dedicated to addressing the financial needs of micro, small, and medium enterprises, particularly those in the informal sector with limited access to financial services. Founded with the mission to provide inclusive financial solutions, Veritas focuses on delivering various loan products tailored to meet the working capital and credit requirements of these businesses. Its offerings encompass short-term loans for immediate working capital needs, medium-term loans for business expansion, and long-term loans for asset creation. The company is managed by a team of experienced professionals in the financial services industry, committed to facilitating access to credit and positively impacting the lives of millions of Indians engaged in informal activities that contribute significantly to the nation's economy.

Rebel Foods

Series F in 2021
Rebel Foods operates cloud kitchens that deliver food on demand through various in-house brands. It combines culinary expertise with advanced technology to enhance food quality and delivery efficiency, focusing on different consumer dining occasions.

Veritas Finance

Secondary Market in 2021
Veritas Finance Private Limited is dedicated to addressing the financial needs of micro, small, and medium enterprises, particularly those in the informal sector with limited access to financial services. Founded with the mission to provide inclusive financial solutions, Veritas focuses on delivering various loan products tailored to meet the working capital and credit requirements of these businesses. Its offerings encompass short-term loans for immediate working capital needs, medium-term loans for business expansion, and long-term loans for asset creation. The company is managed by a team of experienced professionals in the financial services industry, committed to facilitating access to credit and positively impacting the lives of millions of Indians engaged in informal activities that contribute significantly to the nation's economy.

AgroStar

Series D in 2021
Founded in 2013, AgroStar is an Indian AgTech company dedicated to empowering farmers. It offers end-to-end solutions via its omnichannel platform, providing agronomic knowledge and data-driven insights to enhance crop yield and reduce cultivation costs. Operating in five major states, AgroStar serves millions of farmers through its Agri Advisory Center, AgroStar Agri Doctor app, and retail stores.

HomeLane

Series E in 2021
Founded in 2014, HomeLane is a Bangalore-based company specializing in personalized home interior solutions. With over 21,000 projects completed nationwide, they offer custom design services at no additional cost.

RenewBuy

Series C in 2021
RenewBuy operates an online insurance aggregator platform that simplifies the process of renewing insurance policies, particularly for car insurance. The platform utilizes proprietary technology to search and compare hundreds of policy types and prices from various insurance providers, allowing users to quickly obtain quotes and secure coverage without the interference of sales calls. By offering a transparent and user-friendly experience, RenewBuy enables individuals to select insurance policies that best meet their needs in just a few minutes.

ANSR

Series B in 2021
ANSR is a leading provider of consulting services focused on establishing and operating Global Capability Centers (GCCs) for multinational corporations. The company specializes in developing technology and innovation capabilities in regions such as India and Eastern Europe. ANSR offers comprehensive end-to-end solutions for businesses looking to set up captive service centers. Its platform facilitates the creation of fully integrated, in-house centers by providing enterprise-ready services in talent acquisition, workspace management, human resources, operations, and payroll. By utilizing a proprietary as-a-service model, ANSR helps clients mitigate risks associated with building globally distributed teams while eliminating the need for substantial upfront investments.

SK Finance

Series E in 2021
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

Infra.Market

Series C in 2021
Infra.Market is a construction solutions company that offers a wide range of building materials, including cement, steel, chemicals, and more. It leverages technology to simplify procurement and logistics within the construction industry.

Dunzo

Series E in 2021
Dunzo is a hyper-local delivery app based in Bengaluru, India, that connects users with the nearest delivery partners to facilitate the delivery of various items, including groceries, food, medicines, and pet supplies. Established in 2015, Dunzo aims to enhance the retail landscape by providing micro, small, and medium-sized enterprises with digital tools to streamline eCommerce sales. The platform also offers a concierge service that helps users manage their everyday tasks by connecting them with merchants and contractors for services such as shipping, repairs, and home assistance. Through its comprehensive approach, Dunzo aims to simplify the lives of consumers while supporting local businesses.

Infra.Market

Series B in 2020
Infra.Market is a construction solutions company that offers a wide range of building materials, including cement, steel, chemicals, and more. It leverages technology to simplify procurement and logistics within the construction industry.

Infra.Market

Series B in 2020
Infra.Market is a construction solutions company that offers a wide range of building materials, including cement, steel, chemicals, and more. It leverages technology to simplify procurement and logistics within the construction industry.

HomeLane

Convertible Note in 2020
Founded in 2014, HomeLane is a Bangalore-based company specializing in personalized home interior solutions. With over 21,000 projects completed nationwide, they offer custom design services at no additional cost.

HomeLane

Series D in 2019
Founded in 2014, HomeLane is a Bangalore-based company specializing in personalized home interior solutions. With over 21,000 projects completed nationwide, they offer custom design services at no additional cost.

SK Finance

Private Equity Round in 2019
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

Rebel Foods

Series D in 2019
Rebel Foods operates cloud kitchens that deliver food on demand through various in-house brands. It combines culinary expertise with advanced technology to enhance food quality and delivery efficiency, focusing on different consumer dining occasions.

Suryoday Small finance Bank

Venture Round in 2019
Suryoday Small Finance Bank Limited is a small finance bank based in Navi Mumbai, India, focused on promoting financial inclusion by serving unserved and underserved populations. Established in 2008, the bank provides a diverse range of services, including savings and current accounts, fixed deposits, and a variety of loan products such as home loans, vehicle financing, and loans for micro, small, and medium enterprises. Additionally, it offers insurance products, pension schemes, and digital banking services, including UPI payments and mobile banking. The bank operates through various segments, with retail banking being its primary revenue source. With a network of 482 banking outlets across multiple states and union territories, Suryoday Small Finance Bank aims to empower economically challenged individuals, particularly women, by facilitating access to essential financial services and contributing to poverty alleviation in its areas of operation. Formerly known as Suryoday Micro Finance Limited, it rebranded in January 2017 to reflect its broader banking capabilities.

Rebel Foods

Series D in 2019
Rebel Foods operates cloud kitchens that deliver food on demand through various in-house brands. It combines culinary expertise with advanced technology to enhance food quality and delivery efficiency, focusing on different consumer dining occasions.

SK Finance

Private Equity Round in 2018
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

Rebel Foods

Series C in 2018
Rebel Foods operates cloud kitchens that deliver food on demand through various in-house brands. It combines culinary expertise with advanced technology to enhance food quality and delivery efficiency, focusing on different consumer dining occasions.

SK Finance

Venture Round in 2018
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

Suryoday Small finance Bank

Venture Round in 2017
Suryoday Small Finance Bank Limited is a small finance bank based in Navi Mumbai, India, focused on promoting financial inclusion by serving unserved and underserved populations. Established in 2008, the bank provides a diverse range of services, including savings and current accounts, fixed deposits, and a variety of loan products such as home loans, vehicle financing, and loans for micro, small, and medium enterprises. Additionally, it offers insurance products, pension schemes, and digital banking services, including UPI payments and mobile banking. The bank operates through various segments, with retail banking being its primary revenue source. With a network of 482 banking outlets across multiple states and union territories, Suryoday Small Finance Bank aims to empower economically challenged individuals, particularly women, by facilitating access to essential financial services and contributing to poverty alleviation in its areas of operation. Formerly known as Suryoday Micro Finance Limited, it rebranded in January 2017 to reflect its broader banking capabilities.

Suryoday Small finance Bank

Venture Round in 2016
Suryoday Small Finance Bank Limited is a small finance bank based in Navi Mumbai, India, focused on promoting financial inclusion by serving unserved and underserved populations. Established in 2008, the bank provides a diverse range of services, including savings and current accounts, fixed deposits, and a variety of loan products such as home loans, vehicle financing, and loans for micro, small, and medium enterprises. Additionally, it offers insurance products, pension schemes, and digital banking services, including UPI payments and mobile banking. The bank operates through various segments, with retail banking being its primary revenue source. With a network of 482 banking outlets across multiple states and union territories, Suryoday Small Finance Bank aims to empower economically challenged individuals, particularly women, by facilitating access to essential financial services and contributing to poverty alleviation in its areas of operation. Formerly known as Suryoday Micro Finance Limited, it rebranded in January 2017 to reflect its broader banking capabilities.

Fermenta Biotech

Private Equity Round in 2010
Fermenta Biotech specializes in manufacturing and marketing enzymes, pharmaceutical formulations, and customized environmental biotech solutions. Established in 1986, it operates globally with a significant presence in India.

Emaar MGF Land

Private Equity Round in 2010
Emaar MGF Land Limited is a joint venture between Emaar Properties PJSC ("Emaar") of Dubai and MGF Developments Limited ("MGF") of India. Emaar is one of the world's leading real estate companies, having developed approximately 89 million square feet of real estate across the residential, commercial and other business segments and with operations in 14 countries. MGF has established itself as one of the key players in retail real estate development in Northern India and has delivered approximately 2 million square feet of retail space. The Company commenced operations in India in February 2005 and is into real estate development with a pan-India presence and operations spanning all key segments of the Indian real estate industry, namely the residential, commercial, retail and hospitality sectors. The Company's operations encompass various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution. At present, its focus is on the development of residential projects in Delhi and elsewhere in the NCR, Mohali, Hyderabad, Chennai and other key Indian cities.

Healthium Medtech

Private Equity Round in 2009
Healthium Medtech, established in 1992, is a rapidly growing global medical technology company with a strong presence in the industry. Operating from six advanced manufacturing facilities worldwide and employing over 2,600 individuals, the company specializes in the production of precision medical devices and consumable products tailored for surgeons and healthcare professionals. Its diverse portfolio includes surgical sutures, arthroscopy products, urology devices, hernia meshes, hemostats, and ligation clips. Healthium exports to more than 50 countries, including major markets such as the USA, Germany, and Brazil, and is trusted by more than 200,000 healthcare professionals globally. In India, the company's products are utilized in over 10,000 hospitals, supported by a comprehensive distribution network.

Gland Pharma

Venture Round in 2008
Gland Pharma is a Hyderabad‑based manufacturer of small‑volume parenterals that develops, produces and markets injectable generic liquid products. Founded in 1978, the company specializes in complex injectables such as heparin sodium, enoxaparin sodium, rocuronium bromide and daptomycin, and offers a broad portfolio that spans anti‑infectives, anesthetics, anti‑coagulants, anti‑malaria, cardiology, gastro‑intestinal, hormonal, fertility, oncology, ophthalmic and other therapeutic areas. It supplies products in vials, ampoules, pre‑filled syringes, lyophilized vials, dry powders, infusions and other formats to regulated markets in the United States, Canada, Europe and Australia, and to other regions worldwide. Gland Pharma also provides contract development and manufacturing services to global partners and is recognized for pioneering heparin technology in India and for its leadership in glycosaminoglycans. The company operates as a subsidiary of Fosun Pharma Industrial Pte. Ltd.

RSB

Private Equity Round in 2007
RSB Group is a manufacturer specializing in the design and production of aggregates and systems for various sectors, including commercial vehicles, passenger cars, construction equipment, and farm machinery. The company offers a diverse range of products, such as propeller shafts, axles, transmission components, aluminium and ferrous castings, running gear systems, forgings, and aggregates for construction equipment. Founded in 1975 and headquartered in Pune, India, RSB has expanded its presence with facilities in multiple locations across India, as well as in West Homer, Michigan, and Silao, Mexico. Formerly known as IAL Group, RSB Group has established itself as a key player in the automotive and off-highway equipment markets.

Emaar MGF Land

Private Equity Round in 2006
Emaar MGF Land Limited is a joint venture between Emaar Properties PJSC ("Emaar") of Dubai and MGF Developments Limited ("MGF") of India. Emaar is one of the world's leading real estate companies, having developed approximately 89 million square feet of real estate across the residential, commercial and other business segments and with operations in 14 countries. MGF has established itself as one of the key players in retail real estate development in Northern India and has delivered approximately 2 million square feet of retail space. The Company commenced operations in India in February 2005 and is into real estate development with a pan-India presence and operations spanning all key segments of the Indian real estate industry, namely the residential, commercial, retail and hospitality sectors. The Company's operations encompass various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution. At present, its focus is on the development of residential projects in Delhi and elsewhere in the NCR, Mohali, Hyderabad, Chennai and other key Indian cities.

Saarathi Finance

Saarathi Finance provides small and medium business credit solutions.
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