Gray Matters Capital

The foundation prioritizes activities and opportunities according to market demand and social impact. With an overwhelming desire to increase the number of children that have access to quality education, we aim to be both collaborative and catalytic in the education sector. GMC also seeks to identify social enterprise opportunities for explorative research and development. We employ our established understanding of the dynamics of emerging market environments to co-create programs and deploy early stage equity investments focused on improving the lives of underserved populations. We work closely with our investees and external partners to research and support new concepts and business models that will create positive social impact for these target communities.

Srinita Mitra

Venture Manager

Pattillo, Robert A.

Founder

Raunak Singhvi

CFO

26 past transactions

Kreedo is an Edtech company that offers customers an end-to-end solution, from naming their preschool, marketing support, layout, admissions process, and so on, to running a premium preschool, which includes curriculum, educational materials, teacher and owner training, and assessment solutions.

OYE

Pre Seed Round in 2022
OYE is a wellness app that uses mind-body practices, a daily emotional check-in tool, personalized goal setting, and mindful notifications to transform emotions into creative actions.

iDream Career

Venture Round in 2022
iDream Career is an education company that has developed a 3S framework program to help students plan their career. It is currently being used by over 100,000 students every year in India, Middle East, and East Africa. It has launched a tangible physical career planning product, iDC Career Planning Kit, through its platform. iDream Career’s Career Guidance Program empower students to take informed career decisions via iDC Career Assessment tool, access to information, and one-on-one career mentoring. It has a board of quality mentors from various professions, colleges, and psychologists who have helped over 150,000 students in the last 2 years. iDream Career got selected as the top 14 fastest growing companies in India by CNBC TV 18 in its reality show “Masterpreneurs Award 2014”. It was selected as the Best Social Enterprise by IIM, Indore in 2012 and selected as one of the 6 enterprise in SEED Program at Villgro. It was founded in 2012 and is based in New Delhi, India.

Shamba Pride

Seed Round in 2021
Shamba Pride is a technology-driven company that offers online to offline platforms to connect smallholder farmers to services from technology-powered digishops. They provide tools and technology to agricultural input distributors to help them provide quality agricultural products, services, and information to their farmers. They offer services such as agro dealer upscaling, financial management, soil testing, and logistics management services.

Valera Health

Venture Round in 2021
Founded in 2015, Valera Health combines digital technology and data science with a human touch to deliver in-class clinical services to patients with mild to severe mental health conditions including depression to schizophrenia. With a focus on outcomes and servicing hard-to-reach populations, Valera Health is redefining high-performing mental healthcare.

Indian School Finance Company

Venture Round in 2020
ISFC is a Non-Banking Finance Company engaged in the business of lending to educational institutions and entrepreneurs managing such institutions. The company started its operations in December 2008 from Hyderabad and has expanded since to other cities.

Farmshine

Seed Round in 2019
Farmshine is a global agriculture platform which allows farmers, buyers and service providers to carry out trade on mutually beneficial terms.

iDream Career

Seed Round in 2019
iDream Career is an education company that has developed a 3S framework program to help students plan their career. It is currently being used by over 100,000 students every year in India, Middle East, and East Africa. It has launched a tangible physical career planning product, iDC Career Planning Kit, through its platform. iDream Career’s Career Guidance Program empower students to take informed career decisions via iDC Career Assessment tool, access to information, and one-on-one career mentoring. It has a board of quality mentors from various professions, colleges, and psychologists who have helped over 150,000 students in the last 2 years. iDream Career got selected as the top 14 fastest growing companies in India by CNBC TV 18 in its reality show “Masterpreneurs Award 2014”. It was selected as the Best Social Enterprise by IIM, Indore in 2012 and selected as one of the 6 enterprise in SEED Program at Villgro. It was founded in 2012 and is based in New Delhi, India.

GUVI

Seed Round in 2019
Guvi ,an IIT Madras-incubated company,is an online technical learning platform, which is making engineers employable by making difference in the way they are learning. Guvi offers technical video courses like Android, Python, Java, C, C++, MachineLearning, Big Data, MongoDB in vernacular languages which are created byworking professionals in native languages like Tamil, Telugu, Hindi,Kannada, Bengali etc.

ThinkZone (Odisha)

Venture Round in 2019
ThinkZone is an award winning social impact startup that enables women entrepreneurs to drive technology-based learning in low-income communities. ThinkZone implements a comprehensive, scale-driven lean model through its ‘school-in-a-box’ solution to deliver quality early childhood and primary-level education programs at less than a dollar a month per child.

Ignis Careers

Seed Round in 2019
Ignis Careers Pvt. Ltd. provides English language training courses. It offers English for business communication to enhance the English skills of the trainees to handle inter-cultural communication. The company offers courses that teach English skills through a series of real corporate work situations, as well as teaches language for professional interactions, such as handling a foreign client, making a presentation, handling telephone and e-mail, conducting meetings and negotiations. In addition, it offers professional communication program; and career orientation program that focuses on career options, communication skills, study and research skills, self-awareness, industry perspective, team work, group discussions, and life skills. Further, the company provides placement training program that focuses on self-awareness, industry perspective, curriculum vitae (CVs) and covering letters, team work, group discussions, interviews, aptitude tests, and life skills; and English language training program that focuses on pronunciation and accent, as well as developing and improving confidence and learning capacity. Ignis Careers Pvt. Ltd. was founded in 2014 and is based in Hyderabad, India with additional branches in Khammam, Karimnagar, Vijayawada, and Kurnool, India.

MadGuy Labs

Venture Round in 2018
MadGuy Labs® has a large network of students and working professionals that makes this just the right place for you to study in a healthy competitive environment.

MPOWER Financing

Series B in 2018
MPOWER is a US-based lender offering student loans to international students studying in the US or Canada without requiring a co-signer, collateral, or US credit history because our proprietary credit algorithm focuses on future potential. MPOWER disburses payments directly to the university on behalf of the students to pay for tuition or university-sponsored services like housing, meal plans, or health insurance. Students start paying back the loan within 6 months after graduation. The loan comes with interest discounts, free personal finance education courses, credit-building, and a job placement service for the students.

SonoCare

Pre Seed Round in 2018
SonoCare Healthcare is an emerging leader in the health-tech space saving lives by fostering equitable access to affordable healthcare through innovative technology that delivers contact-less healthcare to the fingertips of everyone. SonoCare delivers a broad spectrum of healthcare solutions ranging from telemedicine to home testing and drug deliveries and healthcare networking to bring a complete suite of healthcare services to the doorsteps of patients anywhere, at anytime. SonoCare Healthcare offers comprehensive virtual/remote care solutions spanning telehealth, healthcare services marketplace platform and hospital services. Through our award-winning consumer experience brands – SonoCare and SonoCare Clinics – we help thousands of people resolve their healthcare needs with confidence. SonoCare Healthcare delivers care in Nigeria, partnering with leading healthcare providers, NGOs and health systems to transform healthcare delivery. Through our ever-advancing technologies and a flexible, tailored approach, we provide extensive clinical expertise through a simple, integrated experience. Together, we are transforming how people access and experience healthcare around the world.

srJna

Seed Round in 2018
SRJNA is an initiative by IIT & XLRI alumni, helps schools to make science & mathematics easier and more interesting than ever by setting up Innovation Labs and Tinkering Labs. Their technology backbone and strong R&D team help them to keep the content fresh & relevant. Within just 3 years since launch, SRJNA is providing an end to end solution for STEM labs in 100+ schools benefitting 50,000+ students across 25 cities in 15 states. SRJNA is recognized by DIPP, Govt. of India and has won awards at several platforms by Govt. of India, Govt of Rajasthan, Royal Academy of Engineering London, INTEL etc for the innovative work they are doing in the field of STEM education & 21st-century competencies.

Kidovators (by GyanLab)

Seed Round in 2018
Kidovators is India's first 21st Century Competencies platform for school students. Through dedicated programs for 21st century skills such as creativity, innovation and critical thinking including annual courses, spotlight challenges, learning feed and more, Kidovators is working towards empowering over 1,000,000 school students with 21st century skills by 2025. Kidovators also conducts the world’s first Olympiads on creativity and critical thinking as well as works closely with schools to empower educators & parents with the knowledge of 21st century skills. With the world moving towards automation at an accelerated speed aided by advances in artificial intelligence, Kidovators is ensuring that school students are skilled for their future, not our past.

Redbird

Pre Seed Round in 2018
Millions of Africans live with chronic diseases without a convenient way to manage their health. And every year, millions more develop chronic disease – at a rate of two times the world average. Unlike those with acute disease, chronic disease patients require not just treatment, but also lifelong health monitoring to remain healthy and productive. African chronic diseases patients need a convenient way to manage their conditions, and the current, top-down approach to healthcare cannot cope. That’s where we come in. At Redbird, we supply pharmacies with everything they need to offer rapid diagnostic services for chronic disease, helping them to solve this need by establishing them as the most convenient place for patients to manage their health.

ARED GROUP

Seed Round in 2018
ARED Group Inc was founded in August 2020, we are building a distributed cloud infrastructure as a service company headquartered in the USA with subsidies in Rwanda, Uganda, and Nigeria. ARED started as a Research Lab in 2013, our goal was to help bridge the digital divide that affects over 4 billion people across the world. Most of the investment in the digital divide is focused on bandwidth, yet most of the storage and computing power is controlled by 3 main companies and centralized infrastructure is very expensive. Also, most of the smartphones in developing countries are low-end smartphones with low internal memory and low processing power that accentuate the digital divide. Finally, lack of energy access is a huge problem, if you do not have electricity at home you cannot charge your phone and use it the way you want, also building storage and computing power solution require energy that is why at ARED we use renewable energy. To solve this digital divide, ARED developed a mini-server platform to store digital applications closer to the users and minimize the cost of the internet, and we developed a solar kiosk platform to power the technology but also provide additional services such as phone charging to become a one-stop-shop platform. We spent 6 years developing the technology, and in 2020 we started piloting our technology in 6 African countries with local partners (Rwanda, Uganda, Nigeria, Ethiopia, Burkinafaso, and Ivory Coast). ARED mission is simple, eliminate the digital divide across the world by building a distributed infrastructure closer to the users to minimize the digital access for users.

Chrysalis (EZ Vidya)

Seed Round in 2018
EZ Vidya is India's premier education research and innovation organization focused on delivering quality holistic education in Indian schools. Owing to over a decade of sustained research on education and pedagogy by company's internal R&D team and the remarkable transformation witnessed in the schools it has had interventions in, EZ Vidya is acknowledged as a 'Thought Leader' in education by regulatory bodies in the field of education such as CBSE, Ministry of Education in several states and its corporate partners like IBM, AIF, Dell and NOKIA.
ISFC is a Non-Banking Finance Company engaged in the business of lending to educational institutions and entrepreneurs managing such institutions. The company started its operations in December 2008 from Hyderabad and has expanded since to other cities.

EnglishEdge

Series A in 2016
Launched by LIQVID in 2008, EnglishEdge is a unique English learning programme; a product created with a vision to enhance English Language Learning through innovative use of technology. Foreseeing a shift in learning trends, it follows the unique ‘Blended Learning’ concept which is a judicious mix of instructor-led and computer-based learning. Coupled with cutting-edge technology and rich multimedia. Blended Learning makes EnglishEdge the most comprehensive English Language training programme available in the market for schools, colleges and vocational training.

Under the Mango Tree

Seed Round in 2015
Under the Mango Tree is a hybrid social enterprise that brings a variety of natural, organic, and sustainable honey to support rural livelihoods. UTMT aims to promote community-based beekeeping as a specific solution to declining agricultural productivity and improvement of livelihoods of marginal farmers across India.

Speakwell Enterprises

Venture Round in 2015
Speakwell Enterprises Pvt. Ltd. is a teamwork of all its franchisee partners who are obsessed with the company's mission to create a society where English speaking capability can be harnessed by each and every individual to increase his/her potential to succeed in their professional and personal life. We seek to liberate the person from his inability to communicate in the corporate language of India, which is English. We believe everybody has a right to his/her share of success and lack of spoken English capability cannot be a hindrance to a man/woman's capability to achieve it.

d.light

Series B in 2010
D.light is a solar home lighting and power product developer. The company's solar goods, which include lights, radios, televisions, fans, and other home appliances, are rechargeable solar kits, allowing rural and semi-urban people to access solar-powered lighting and appliances. Their products are designed to improve health, increase productivity, and enhance the quality of life for users.

d.light

Series A in 2008
D.light is a solar home lighting and power product developer. The company's solar goods, which include lights, radios, televisions, fans, and other home appliances, are rechargeable solar kits, allowing rural and semi-urban people to access solar-powered lighting and appliances. Their products are designed to improve health, increase productivity, and enhance the quality of life for users.

United Villages Inc

Series A in 2007
The mission of United Villages is to empower rural people by providing and delivering products, services, and information. United Villages leverages existing wireless and transportation infrastructures to cost-effectively reach rural markets that are otherwise underserved. Founded by social entrepreneur Amir Alexander Hasson, United Villages, Inc. is based in Cambridge, MA (USA) and operates a subsidiary in India. United Villages India is headquartered in New Delhi and currently operates networks in rural Rajasthan.
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