The Venture Codex Logo

The Venture Codex

Overview

Investment firm focused on startups and microfinance transformation.

Deals · 12mo

1

Links

Stage focus

Series A
Series B

Geographic focus

India

Sector focus

Financial Services
Lending
Micro Lending

Investment portfolio

  • NeoGeo Technologies

    Led · Series A · Aug 2026

    NeoGeo Technologies develops AI-powered geospatial intelligence platforms that aggregate and analyze location and earth-observation data. The company is headquartered in Gurugram. It plans to use newly raised capital to scale its platform capabilities and to expand commercially into the Middle East and the Americas. Leadership from NeoGeo participated in media interviews accompanying the funding announcement. Financial specifics beyond the $20 million Series A were not disclosed in the available coverage.

  • Zouk

    Led · Series B · Oct 2024

    Founded in 2016 by Disha Singh and Pradeep Krishnakumar, Zouk designs and sells handbags, wallets, sling bags, backpacks, travel accessories and other fashion accessories with Indian-inspired aesthetics. The company has pursued an omnichannel strategy, expanding beyond online channels and strengthening its offline presence and distribution network across India. In FY25 Zouk reported revenue of ₹125 crore, a 60.7% year-on-year increase, while recording a loss of ₹19 crore for the period. Zouk has raised about $14.5 million to date, including a $10 million Series B led by Aavishkaar Capital in October 2024 and a $3 million Series A in March 2023. With the planned pre-Series C raise, the company intends to fund expansion, bolster inventory, and scale operations. The brand positions itself as a proudly Indian, vegan fashion label and has built recognition within India's D2C fashion and lifestyle segment.

  • Ergos

    Led · Series A · Apr 2020

    Ergos operates a farm-gate Grainbank model that gives farmers access to better prices, storage, and the ability to turn stored grain into tradable assets and collateral for credit via NBFCs and banks. The company uses technology to offer end-to-end post-harvest supply chain solutions tied to its physical network of farm-gate warehouses. Ergos reports supporting over 160,000 farmers and operating Grainbank locations in more than 200 sites across Bihar, Karnataka, and Maharashtra. The company says farmer income has increased 30–35% annually with its assistance. On the financial front, operating revenue grew from Rs 40.81 crore in FY21 to Rs 134.6 crore in FY22 (a 3.3x increase), while losses rose from Rs 5.8 crore to Rs 23 crore over the same period; FY23 statements have not yet been submitted. Prior fundraising and investor relationships have supported network growth and product expansion. Ergos operates a farm-gate Grainbank model that enables farmers to convert their grains into tradable assets, avail credit against stored produce via NBFCs and banks, and obtain end-to-end post-harvest supply chain services. The company leverages technology to facilitate these services and to connect farmers to better price discovery. Ergos was founded by Kishore Kumar Jha, Praveen Kumar and Priyanka Kumari and is based in Patna. According to the company, more than 32,000 farmers are registered on the platform who have sold Rs 126 crore worth of produce. Ergos has a physical footprint in more than 60 locations in Bihar and targets to scale into nearby states, aiming to serve more than a million farmers by 2025 with over 2,000 branch locations. The company’s post-money valuation after the latest tranche is reported at Rs 160 crore (about $22 million). Ergos operates a grain-bank platform that enables farmers to convert their grains into tradable assets, avail credit against stored produce via NBFCs and banks, and secure better prices. The company says it has close to 30,000 farmers registered on the platform who have sold about Rs 125 crore worth of produce. Ergos was backed by Avishkar Bharat Fund in 2016 when it was at the ideation stage. The business model focuses on farmer onboarding, storage-to-finance linkages, and market access for produce. The company is five years old and is based in Patna. Recent investor interest comes amid broader funding momentum in agritech and supply-chain startups during the pandemic. Financially, the firm completed Series A share allotments and converted earlier convertible debentures as part of its funding round. Founded in 2010, Ergos operates a 'grain bank' model that digitizes grain deposits and runs a network of micro-warehouses located close to farmers. Farmers deposit bags of grain, receive certification/passbook records, and can withdraw or sell equivalent-quality grain from the network. The company leases or repurposes local village buildings as asset-light micro-warehouses and trains farmers in packing and warehouse management. Ergos generates revenue by charging storage rent to depositors and fees on sellers, and by creating arbitrage between buyers and sellers. It currently operates about 100 micro-warehouses and plans to scale beyond Bihar into multiple states. Management aims to secure over one million farmers, expand to roughly 2,000 branches within five years, and increase average grain stock from about 20,000 tonnes to millions of tonnes.

  • Sindabad.com

    Led · Series A · May 2019

    Sindabad.com is a Dhaka-based B2B e-commerce marketplace promoted by Zero Gravity Ventures Ltd that focuses on transactions for corporates and SMEs in Bangladesh. The company secured $4.15 million in Series A funding to support scaling and strategy execution. The Series A was led by Aavishkaar Frontier Fund (AFF), a venture fund managed by Aavishkaar. Aavishkaar stated it sees potential to rewrite the B2B transaction model and intends to work with the team on fine-tuning strategy and scaling the business. Earlier investment in Sindabad.com came from Frontier Fund, a Bangladesh-focused private equity fund managed by Brummer & Partners Bangladesh. The article discloses no revenue, user metrics, valuation, or other financial details.

  • GoBOLT

    Led · Equity · Oct 2018

    GoBOLT, owned by Camions Logistics Solutions Pvt Ltd, operates as a logistics solution provider in India. The company focuses on delivering technology-enabled logistics services, though the Series B announcement did not disclose detailed product specifications. Existing investor Aavishkaar Capital’s continued participation signals confidence in GoBOLT’s operating model. The fresh capital is expected to bolster the company’s growth initiatives and strengthen its service capabilities. No specific information on revenue, user metrics, or profitability was provided in the funding disclosure.

Insights

Team