Participated · Series D · Feb 2023

Founded in 2015 by Shan Kadavil and Matthew Joseph, FreshToHome operates a meat and seafood delivery business across roughly 160 cities in India and has operations in key UAE markets. The company expanded into quick commerce in February last year, offering deliveries within 10–15 minutes in some areas. FreshToHome has raised over $320 million in equity to date and last completed a $104 million Series D round in February prior to these recent debt raises. In FY25 the firm reported revenue from operations of Rs 421.33 crore, a 14% year-on-year increase, while losses remained largely flat at Rs 146.32 crore. The recent financings (debt and a small OCRPS component) are intended to support working capital, growth, expansion, marketing, and general corporate purposes. The company has used successive rounds of capital to scale operations and enter new service segments such as quick commerce.

Led · Series B · Apr 2022

EnKash is a Mumbai-based spend management platform that issues corporate cards and provides financial automation tools. The company unifies cards and spend management via a DIY-platform-first approach, enabling businesses to manage payables, receivables and expenses. It was founded by veterans in the cards and payments space: Naveen Bindal, Hemant Vishnoi and Yadvendra Tyagi. EnKash processes annualized spends of approximately $2B on its platform and serves 70K+ businesses with over 500K issued cards. The company has close to 120 employees. EnKash intends to use new funding to continue expanding its operations and business reach.

Led · Series B · Nov 2021

Haber has developed proprietary AI technology that enables manufacturers to eliminate the complexity of traditional data analysis and optimize resource use. The company has driven efficiency and sustainability in the Indian paper industry and aims to extend into other manufacturing sectors such as mining, metal, and food & beverage. Haber plans to accelerate expansion into North America and establish an office in Chicago. It will also set up an advanced R&D lab focused on generating training data and AI models. The company intends to hire engineers, data scientists, industry specialists, and sales and support professionals. Financially, Haber completed a $44M Series C comprising $38M in equity and $6M in debt. Haber (Elixa Technologies) develops AI-driven industrial robots and automation services, with a flagship eLIXA product for chemical dosing across manufacturing verticals including paper, sugar, distilleries, breweries and mining. The company emphasizes water and carbon savings, saying it has helped customers save 50 billion liters of water and eliminate 500,000 tons of carbon emissions. In November 2021 Haber closed a $20.0M Series B, bringing its total capital raised to $27.0M. Haber plans to use the funds to expand into new geographies and industries and to scale deployments. The company aims to save over 400 billion liters of water in the next two years and to deploy more than 10,000 eLIXA units over the next five years. These environmental targets are central to its growth strategy as it scales industrial automation deployments.

Participated · Series D · Nov 2021

MyGlamm is a beauty and cosmetics brand that initially offered on-demand beauty services and in 2017 pivoted to developing beauty products. Its product portfolio includes fragrances, skincare and color cosmetics. The article reports Good Glamm announced a $30 million strategic financing. That round was led by Warburg Pincus and Prosus, with Bessemer India and Accel Partners participating. Following the financing the company's valuation was reported at about $1.26 billion. The report does not disclose additional operating metrics or other financial details. Good Glamm Group operates a portfolio of beauty and personal care brands powered by a digital ecosystem of content, community, and creator assets. Its brands include MyGlamm, MomsCo, POPxo and BabyChakra, and it leverages proprietary platforms such as POPxo (88 million users), ScoopWhoop (100 million users), BabyChakra (20 million mothers and a network of 10,000 doctors) and Plixxo (220,000 influencers). The group combines digital reach with more than 30,000 offline retail points of sale for MyGlamm to scale both online and offline. To date the company has made acquisitions and investments totaling $270 million. The Good Glamm Group emphasizes inclusive, cruelty-free, vegan, clean and environmentally friendly products. It plans to use new funding for product development, data science and technology research, offline expansion, and to expand creator and content capabilities while continuing strategic investments in beauty and personal care brands.

Participated · Series D · Nov 2021

MyGlamm is a Mumbai-headquartered D2C beauty and personal care house of brands that sells primarily through its website, app and more than 30,000 retail touch points. The company pairs commerce with proprietary content and an influencer network of over 220,000 to drive discovery and sales; its POPxo content asset has grown to 88 million users. MyGlamm has pursued aggressive inorganic growth, spending about $270 million in equity and cash to acquire multiple firms and buying The Moms Co for over $65 million. The company reports EBIDTA break-even and is using new capital as a war chest to scale. Management plans international expansion in the second half of next year and aims to grow offline touch points toward 100,000 within months. The Good Glamm Group intends to file for an IPO in about two and a half years. MyGlamm is a Mumbai-headquartered D2C beauty and personal-care house of brands selling over 800 SKUs across makeup, skincare, haircare, bath & body, and personal care through its website, app and extensive offline presence. The company reports 15,000 point-of-sale touch points in India, with physical channels accounting for roughly 40% of current revenue. MyGlamm has integrated content and commerce by acquiring POPxo, which the article says serves over 60 million monthly active users and engages about 300,000 users each month; POPxo is run largely independently and aims to reach over 100 million users by March next year. The startup says it is acquiring roughly 250,000 new users each month without spending material marketing dollars. MyGlamm plans to use the fresh capital to expand product development, data science and technology research teams, grow its offline footprint and broaden POPxo’s digital reach. The founder, Darpan Sanghvi, started the company in 2017 after pivoting his prior venture. MyGlamm is a Mumbai-based marketplace that connects stylists, beauticians and nail and spa aestheticians with consumers for on-demand at-home hair, beauty, nail and spa services. Led by CEO Darpan Sanghvi, the company has launched an Artist Incubators program to train and incubate professionals before onboarding them to the platform. In September 2016 MyGlamm raised approximately $6 million in a Series A funding round. Backers in the round included L’Occitane International, Tano Capital and Brand Capital. The company intends to use the funds to expand its services across India and internationally.