The Venture Codex

Participated · Series A · May 2026

Navanc builds explainable AI infrastructure for home loans, loan-against-property (LAP), and secured MSME credit products, automating property diligence, valuation workflows, and portfolio monitoring. The company serves banks, NBFCs, housing finance companies, and other lenders across India. Founded by Nagachethan SM and Byom Kesh Jha and based in Bengaluru, Navanc positions itself as an AI-first provider for intelligent property-risk assessment and underwriting. Following the ₹10.5 crore Pre-Series A, the firm plans to accelerate product development, expand its presence across the secured credit ecosystem, and hire top-tier talent across functions.

Participated · Series A · Mar 2026

Founded in 2023 by Harshita Kejriwal, Akshay Chaudhari, and Karan Dwivedi, Basil Health operates a clean and fresh beverage retail network built on compact kiosks and proprietary automated machines. Its IoT-enabled systems blend fresh ingredients directly in the cup, allowing real-time monitoring and consistent product quality while improving margins. The company currently runs more than 70 live touchpoints across Delhi NCR, Bangalore, and Chandigarh, combining 50 sq. ft. kiosks with 8 sq. ft. plug-and-play machines suited for offices, hospitals, universities, and malls. By standardizing production and leveraging dense distribution, Basil Health aims to lead the next wave of organized fresh beverage retail in India. The startup plans to grow to 1,000 touchpoints within three years, supported by supply-chain enhancements and brand building. Proceeds from its recent funding round will also be used to expand its team and strengthen operations.

Participated · Series A · Feb 2026

Founded in 2018, PadCare Labs operates a chemo-mechanical recycling system that converts used sanitary pads into cellulose pulp and plastic, enabling the manufacture of items such as paper stationery and moulded goods. The company serves more than 685 enterprise and institutional clients across 24 Indian cities and manages sanitary-waste collection at over 2,000 sites. It currently runs facilities in Pune and Bengaluru with a combined capacity of 500 kg per day, operating at roughly 96 % utilisation and achieving a 99.8 % material recovery rate. Financially, PadCare reported FY25 revenue of ₹15 crore, an 8 % PAT margin and 26 % EBITDA margins, maintaining profitability for two consecutive years while growing at a 136 % CAGR. Future plans include commissioning the PadCareX gigafactory in Pune, expanding recycling hubs in Bengaluru and Delhi NCR, and scaling total capacity to 2,000 metric tonnes annually by March 2027. The firm also intends to launch PadCare Orbit, a B2C sanitary-waste management app, and expand distribution of its Rebirth recycled-stationery line from 2 % of revenue in FY25 to about 10 % in FY26. Overall, PadCare positions itself as a technology-driven solution for India’s under-addressed sanitary-waste segment while maintaining strong operational efficiency and profitability.