Participated · Series D · May 2026

Blue Tokai Coffee Roasters is a specialty coffee chain operating over 175 cafes across multiple Indian cities. The company sells coffee and operates a retail cafe network while partnering with investors to fund growth. It reported FY25 revenue of Rs 325 crore, a 50% year-on-year increase, and narrowed losses to Rs 50 crore (down 20.6%). Blue Tokai has raised over $130 million to date, including a $25 million Series D bridge, and completed a Rs 175 crore Series D extension led by Anicut Capital. Post-round ownership changes include A91 Partners becoming the largest external shareholder at about 23.51% and Verlinvest holding about 14.62%. The company plans to expand into international markets such as Dubai and Japan.

Led · Series A · Apr 2026

Deccan AI Experts operates a global network of experts who label data, review model outputs, and run real‑world evaluations to help build accurate and reliable AI systems. The company supports projects across code, agents, and the physical world and works with several leading technology firms, including a majority of the “Mag 7.” Deccan AI reported 10x growth in the prior year and says it has more than 1M contributors across its community. It is Bay Area–based while concentrating much of its workforce in India to manage quality in a fragmented training market. Following its $25M Series A, the company plans to invest heavily in processes, tooling, and people and to accelerate hiring across the U.S. and India. Deccan AI is focused on expanding work in enterprise and physical intelligence and deeper, high‑judgment evaluation projects for frontier models.

Led · Series A · Mar 2026

Founded in October 2024, Deccan AI supplies post-training services including data generation, expert feedback, evaluations, and building reinforcement learning environments. It offers products such as an evaluation suite called Helix and an operations automation platform, and serves both frontier AI labs and enterprises. The company has onboarded about 10 customers and counts Google DeepMind and Snowflake among its clients, running a couple dozen active projects at a time. Deccan operates from the San Francisco Bay Area with a large operations team in Hyderabad, employs roughly 125 people, and leverages a network of more than 1 million contributors, of whom 5,000 to 10,000 are typically active each month. The startup grew 10x over the past year and is at a double-digit million-dollar revenue run rate, with about 80% of revenue coming from its top five customers. Contributor pay on the platform ranges from about $10 to $700 per hour, with top contributors earning up to $7,000 a month.

Led · Equity · Nov 2025

Spacewood designs, manufactures, and sells modular home furniture, office furniture, and doors for both retail consumers and large real-estate developers. Operating a 1 million square-foot, tech-enabled plant with advanced panel-processing and sheet-metal capabilities, the company services more than 1,000 corporate clients via its Spacewood Office Solutions division and over 200 developers through its Sumai Doors sub-brand. It currently runs 35 exclusive stores nationwide and intends to scale that footprint to 100 outlets within the next few years. Co-founders Kirit Joshi and Vivek Deshpande aim to position Spacewood in every middle- and premium-segment home while continuing to serve commercial customers. The firm is targeting group revenue of ₹700 crore by FY26 and is projecting 25–30 percent annual growth over the next five years while remaining profitable. The fresh capital provides resources for expansion, brand building, and deeper market penetration. The latest funding pegs Spacewood’s valuation at ₹1,200 crore, underscoring investor confidence in its growth trajectory.

Participated · Series F · Nov 2025

MoEngage offers a unified engagement suite that lets marketing and product teams analyze customer behavior and trigger personalized outreach across web, mobile, email, social, and messaging channels. Its Merlin AI agents accelerate campaign design and optimize conversions, while new modules such as MoEngage Analytics and MoEngage Inform extend capabilities to product analytics and high-reliability transactional messaging. The platform is trusted by more than 1,350 global brands—including 7-Eleven, Starbucks, Samsung, and Domino’s—and touches over 2 billion consumers each month in 75 countries. Headquartered in Bengaluru and San Francisco, the company has seen strong traction in North America, EMEA, Southeast Asia, and ANZ. Future plans include deeper AI innovation, expanded go-to-market teams in core geographies, and strategic acquisitions to enhance the product stack. Revenue figures were not disclosed, but the firm’s disciplined operating model and rapid U.S. execution were highlighted by new investors. To recognize contributors, MoEngage has conducted two employee liquidity programs, the latest totaling $15 million for 259 current and former staff.