Led · Equity · Aug 2026

Unico Housing Finance provides affordable housing finance, with a particular focus on serving self-employed individuals and first-time home buyers who are underserved by the formal financial system. As of June 30, 2026, the company reported AUM of over Rs 730 crore. The firm operates through an existing branch network and highlights a strengthened leadership team and robust underwriting and risk management capabilities. Management has signaled plans to scale the business in a calibrated and sustainable manner following the recent capital infusion. The company intends to deploy new capital to bolster its balance sheet and enhance operational capacity to support continued growth. Its positioning emphasizes financial inclusion within India's affordable housing segment.

Participated · Series C · Aug 2026

River designs and sells electric two-wheelers, with its core model the River Indie priced between ₹1 lakh and ₹1.5 lakh. The company delivered about 3,000 EVs monthly in the last fiscal year and ranked seventh among manufacturers in April. River has experienced rapid revenue growth—projected FY26 revenue nearing ₹500 crore—but remains loss-making, with reported losses of ₹196 crore in FY25. Its growth plan includes launching at least one new EV model annually beginning fiscal 2027, expanding retail presence from roughly 40 stores to over 350 by March 2028, and building a new manufacturing plant. River has also manufactured the Yamaha EC-06 in Karnataka, indicating potential manufacturing partnerships. The company faces strong competition from established incumbents with deeper service networks and brand recognition, and will require significant capital and operational execution to reach profitability.

Participated · Series A · Jul 2026

Naturis Cosmetics is a CDMO serving beauty and personal care brands, producing formulations and finished goods for over 50 BPC and D2C brands. The company operates a 200,000 sq ft facility with capacity to produce 84 million units and also partners with pharmaceutical firms for cosmeceuticals. Naturis has reported revenue growth of over 50% CAGR over the last four years. It manufactures for clients including Nykaa, Purplle, Pilgrim, Kay Beauty, and Colorbar, and partners with firms such as Glenmark and Dr Reddy’s Laboratories. The company plans to expand into men’s grooming, body care, color cosmetics, fragrances, and export markets over the next five years. Infrastructure expansion plans include a new 225,000 sq ft production facility in Vapi, an experience centre in the NCR, and an R&D hub in Mumbai.

Led · 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 · Debt Financing · Apr 2026

Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 850 outlets across more than 90 cities under brands including Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. The company reported revenue of Rs 470 crore in FY24 (up 13% from FY23) and losses of around Rs 114 crore; it says revenue rose over 30% to about Rs 640 crore in FY25 and expects Rs 850 crore in FY26, targeting Rs 1,200 crore by 2027. Wow! Momo has diversified beyond its core QSR business, with its FMCG arm having crossed Rs 100 crore in revenue. The company has raised over $140 million to date, including a $42 million Series D led by Khazanah Nasional in January 2024, and last year secured roughly Rs 300 crore across multiple equity and debt rounds. Management plans to accelerate store expansion while using recent capital for refinancing, corporate purposes, and growth investments.