The Venture Codex

Led · Series B · Jul 2026

Stylework operates a platform that connects businesses to more than 10,000 workspace centres across 125 cities, offering coworking and managed office solutions, meeting room access, Flexipasses and multi-location workspace services. It also provides a SaaS stack — including Flexboard and Stylework.ai — that enables enterprises to manage occupancy, employee rostering, workspace budgets and access controls. The company reported a GMV of over Rs 340 crore this year and an annual net revenue run rate exceeding Rs 50 crore. Stylework has remained profitable for the second consecutive year, reporting over Rs 2 crore in profit. Founded in 2016 by Spaarsh Khandelwaal, the company plans to use new funding to expand into tier I and tier II markets, strengthen its technology platform, and deepen enterprise partnerships.

Participated · Seed · Apr 2025

Mugafi is an AI-powered platform designed to support creators in the media and entertainment industry, offering tools for learning, developing, and monetizing intellectual properties. Its flagship tool, VED, is an AI assistant that helps writers, filmmakers, and other creators with idea generation, plot structuring, character development, and dialogue crafting. The platform also provides a network for artists to connect with industry professionals such as singers, lyricists, and composers to foster collaboration and career growth. Mugafi plans to use its recent funding to further develop its AI tools, expand into new markets, and scale operations by hiring top-tier talent. The company is based in Gurugram, India. Financially, Mugafi completed a $3.0M seed funding round in April 2025.

Participated · Seed · Aug 2024

Just Words is an AI-driven company that provides hyper-personalized user-facing messaging to boost growth and marketing. Using advanced machine learning, it dynamically refreshes content across channels like email to deliver tailored user experiences. Its AI engine refines messaging based on user behavior and market trends to increase engagement and conversions at scale. The platform is already used by companies such as Grammarly, BiggerPockets, and BeReal, and the startup is expanding into the Indian market. In a seed round, Just Words raised $1.7 million led by Peak XV Partners and Y Combinator, which management says will fund AI capability expansion and team hiring. Leadership emphasizes hyper-personalization to cut through growing volumes of AI-generated messages by delivering only the most relevant and engaging content.

Participated · Series B · Aug 2024

LoanKuber, founded in 2017 by Saurabh Nagpal, is a mortgage fintech offering customized loans to underbanked MSMEs and runs the Janasha Finance brand. The company emphasizes unit metrics, capital efficiency, and lean operations, and uses low-cost branches, a digital connector platform, and a lead-generation platform to cut customer-acquisition costs by about 30%. It is building an automated institutional co-lending platform for microloans to offer competitive consumer rates and higher yields on NBFC balance sheets. LoanKuber has raised roughly $13 million to date, including a $2 million Series A in February last year, and recently closed a $3.5 million pre-Series B. Proceeds, currently totaling about Rs 93 crore, will be used to increase assets under management (AUM), strengthen the leadership team, and upgrade technology infrastructure. The company aims to grow its AUM to about Rs 180 crore over the next 12 months and reports a net worth of around Rs 51 crore. Janasha Finance (branded LoanKuber) operates an automated managed marketplace and institutional co-lending platform that enables mortgage lending to micro, small and medium enterprises and semi-skilled professionals. The company uses data mining and analytics and hybrid acquisition channels (digital connector, lead generation platform and low-cost branches) to reduce customer-acquisition costs by up to 30 percent. Janasha underwrites mortgage loans in the range reported in the article (INR 3–10 lakhs; another passage notes INR 3–8 lakhs) primarily for business expansion, and serves customers across the National Capital Region. Its current assets under management are approximately INR 80 crores and the firm intends to expand AUM to INR 220 crores by FY25. Management plans to onboard 5,000 MSMEs over the next 18 months and targets a profit of INR 8–10 crores in FY25. The product roadmap and use of proceeds for the latest financing include expanding AUM, strengthening technology and growing the team to scale mortgage access for underserved communities. LoanKuber is a digital mortgage platform that provides micro‑mortgages to micro‑SMEs through an automated institutional co‑lending platform. The company operates an NBFC balance sheet to generate higher yields while enabling competitive pricing for end customers. It has developed hybrid acquisition channels — a digital connector platform, a lead generation platform, and low‑cost branches — which the company says reduce customer acquisition costs by about 30%. LoanKuber positions its product to unlock the economic value of semi‑urban and rural properties and to serve the “next half billion” Indians. The recently raised funds will be used to scale assets under management, improve the technology stack, and expand the team and operations. LoanKuber is a digital-first automated mortgage platform that enables lending to Micro-SMEs using owned residential collateral. The platform partners with larger financial institutions to access diversified, lower-cost capital, positioning LoanKuber as a low-cost mortgage lender compared with regional MSME lenders. Founded in 2017 by IIT Delhi alumnus Saurabh Nagpal, the New Delhi-based startup is operational in 10 cities across the NCR. The management team claims a combined 60 years of experience in mortgage lending in the region and the founder has 15 years of experience across computational finance and mortgage lending. With the new funding, LoanKuber plans to build and expand its team, enhance its tech stack, and rapidly grow its loan book to Rs 75 crore in the next 12 months. It also aims to onboard 1,000 MSMEs in the next 12 months as part of its expansion plan.

Participated · Seed · Dec 2023

Himshakti offers organic goods from the Himalayan region, including seasoned salts, spices, teas, cereals, and juices. The company recently introduced new organic products such as hemp flour, hemp seeds, hemp oil, nettle tea, and chamomile tea. Its stated mission is to empower local farmers and villagers by providing a reliable source of income. Himshakti raised $99.8K in a pre-seed round led by EvolveX and previously raised Rs 17 lakh in October, indicating early-stage funding activity. The new capital will be used for team growth, sales and marketing, and introduction of new products. The company plans to expand its presence to more than 1,000 upscale stores across North India within the next three months. Himshakti is a Dehradun-based FMCG company founded in November 2019 that sells organic products sourced from the Himalayan region. Its product range includes seasoned salts, spices, teas, cereals, juices and recently launched items such as hemp oil, hemp flour, hemp seeds, nettle tea and chamomile tea. The company plans to use new funds for marketing, sales and improving packaging quality. Himshakti aims to expand internationally to France, ASEAN countries and other European markets and is applying for international certifications to support that rollout. It is targeting shelf space in 200 premium stores and expanding its presence on marketplaces.