Participated · Series D · Jun 2023

AVIOM Housing Finance Corporation (AVIOM HFC) is based in Delhi NCR and operates as a housing finance corporation. The company recently secured debt financing of $10 million from BlueOrchard Microfinance Fund. According to its regulatory filing, AVIOM is allotting 1,000 bonds to BlueOrchard with a tenure of 72 months. The transaction is structured as debt funding. The regulatory filing is the source of the disclosed terms. No operating metrics or additional financial details were disclosed in the article. Aviom is a micro-mortgage lender that facilitates access to affordable loans for low-income groups in rural and semi-urban regions. The company operates in 12 Indian states and runs Aviom Shakti, a programme that extends loans without formal income documentation and incentivises women agents. Aviom aims to empower women with financial independence and to create sustainable livelihoods through agent-led sourcing. The firm is backed by investors including C4D Partners and has previously raised capital from Japan’s Gojo and Company and India-based Sabre Partners. It plans to use the new funding to expand its market reach and further strengthen operational capacities. The company’s activities are aligned with multiple UN Sustainable Development Goals, including poverty reduction and gender equality.

Led · Equity · Jan 2022

Founded in 2016 by IIM‑Ahmedabad alumnus Bala Reddy, Our Food operates a technology-driven agribusiness platform that decentralizes food processing through licensed Farmer Franchises deploying low-cost micro-processing units at the farm gate. The company currently serves farmers across Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh, Rajasthan, Jharkhand, Odisha, and Karnataka, and operates processing units for more than 15 crops including pulses, cereals, spices, and groundnut. Over 1,700 rural entrepreneurs have licensed franchises, with each franchise procuring and processing raw material from over a hundred nearby farmers; the startup reports over 100x growth in decentralized processing in the past two years. The current round will be used to increase manufacturing capacity, expand the crop portfolio, and improve India’s agricultural food supply chain to reduce estimated annual post-harvest wastage. Our Food aims to scale capacity to over 6,000 operational franchises and is positioning for an IPO in 2024. As part of the transaction, Lalit Jalan of 3Lines Venture Capital will join the company’s board.

Led · Equity · Aug 2021

1Bridge operates a last-mile supply chain and assisted-commerce platform that connects rural consumers to aspirational products and digital services through local "1Bridge Advisors" and a mobile tech interface. Launched in May 2016 and based in Bengaluru, the company has built operations across more than 70 districts in Southern India and is active in Karnataka, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu, and Odisha. It reports over 10,000 entrepreneurs on its platform, 35 million transactions fulfilled, and 1.5 million village consumers served. Financially, 1Bridge grew ~75% year-on-year, grossed over INR 52 crore in FY21, was EBITDA-positive in FY21, and was looking to cross INR 100 crore in FY22. The company plans to add 10,000 more entrepreneurs to expand into another 10,000 villages, roll out over 500 1Bridge Experience Centres at tehsil/block towns, broaden product and fintech partnerships, and strengthen its technology and data capabilities while pursuing profitable growth.

Participated · Equity · Apr 2021

Freyr Energy is a Hyderabad-based rooftop solar company that oversees the entire process of designing, acquiring, and installing rooftop solar systems. The company sells and implements rooftop solar solutions and manages system performance end to end. According to the company press release, proceeds from the recent round will be used to expand the team, advance product development, and increase marketing. Freyr disclosed a Series B equity infusion of Rs 58 crore ($7 million) in the most recent financing. In April 2021 the startup previously received equity investments totaling Rs 18 crore from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia, and C4D Partners. No operating metrics (revenue or user counts) were disclosed in the article. Freyr Energy uses a proprietary software environment and the SunPro+ customer app to digitalise the rooftop solar customer journey for homeowners and MSMEs. SunPro+ is designed to simplify acquisition, financing, execution and after-sales service, making ownership of a solar system simple and seamless. The company announced an equity investment of ₹18 crore to accelerate growth and enhance customer experience. Investors praised the SunPro+ platform as a key success factor that can ease rooftop customer acquisition and management. Freyr intends to scale its rooftop offering and contribute to mass-market solar adoption while creating employment opportunities within its vendor network. Strategic backers are expected to provide not only capital but global energy-sector experience to support expansion. Freyr Energy is a Hyderabad-based rooftop solar company that builds and deploys decentralized solar installations supported by a technology platform. The company says it will use new capital to improve its technology platform, expand its sales and channel partner network, and support marketing to accelerate growth in India and other major solar markets. Freyr has achieved 16X revenue growth over the last four years and has been profitable for the past two years. It has completed over 1,000 installations across 18 Indian states and serves customers in the USA, Nigeria and Ghana. Last year it secured seed funding from Doen-Participaties, a Netherlands-based investor, and is now pursuing broader international expansion supported by its platform and partner strategy.