Led · Equity · Sep 2025

Trufrost & Butler supplies commercial refrigeration and foodservice equipment to the HoReCa (hotels, restaurants, cafés) ecosystem. Its core offerings target quick-service restaurants and foodservice operators expanding beyond metropolitan areas into Tier 2 and Tier 3 cities. The company plans to use a $7 million growth investment to improve order fulfilment, strengthen service infrastructure, and fast‑track domestic manufacturing while exploring select global markets. Management positions these moves to address rising demand for reliable, cost‑effective and innovation‑driven solutions as consumption patterns shift. Founded in 2018 by industry veterans Neeraj Seth and Satish Dudeja, Trufrost & Butler has become a trusted supplier within the foodservice sector. The capital infusion is presented as an endorsement of the company’s execution and will deepen its commitment to market expansion and operational scaling.

Participated · Series A · Jan 2024

Myosotis offers a software-as-a-service solution for direct digital communication between employees, relatives, and third-party service providers in care homes. The app supports photos, videos, voice messages and video calls, consolidating most communication and administrative processes into a single digital application. Led by CEO Jasper Böckel, myo enables homes to inform relatives about hygiene measures, let families participate in residents' lives, and notify doctors, pharmacies or external laundry services. The company works with over 400 customers in DACH and the UK, including DRK, AWO, Johanniter and Agaplesion. Myosotis raised €8M in Series A funding and intends to use the proceeds to grow in the DACH region and the UK, expand marketing capacity, enhance service quality, and develop new modules. The financing will support continued roll-out of their technology to more users and additional solutions for healthcare providers and families.

Led · Series A · Dec 2023

Inc.5 Shoes is a direct-to-consumer footwear company producing designer shoes with an emphasis on foot comfort and meticulous craftsmanship. The company says each pair is crafted with attention to even the smallest details. Inc.5 operates more than 200 shop-in-shops and over 70 exclusive brand outlets nationwide. It has raised $10 million in a Series A led by Carpediem Capital, marking its first institutional funding. The company plans to use the proceeds to triple its presence in India—prioritizing tier II and some tier III cities—expand stores, improve inventory-management technology, and broaden product offerings. Management said that during its 25th year it aims to cross its first 100-store mark.

Participated · Series B · Sep 2021

Flipspaces' core product is a proprietary tech suite that combines space planning, immersive VR walkthroughs, procurement, and end-to-end execution on a single platform. The platform is designed to deliver efficiency, transparency, and timely execution in a traditionally fragmented commercial design-and-build sector. The company says it has delivered over 1,000 projects spanning 8 million sq. ft., serving enterprises, startups, and SMEs across IT, retail, education, healthcare, and financial services. Flipspaces plans to use new capital to scale operations across India, the U.S., and the U.A.E., deepen supply-chain integration, and enhance its technology stack with AI-driven interventions. Strategic acquisitions in adjacent categories are also on the roadmap. Financially, Flipspaces reported operating revenue of Rs 190 crore in FY24 (a 90% increase from Rs 100 crore in FY23) and narrowed losses to Rs 8 crore in FY24 from Rs 19 crore in FY23; it has yet to file its annual report for FY25. Competitors include traditional interior design firms and tech-driven players like Livspace and Space Matrix. Flipspaces builds VR-based design and contracting products and operates a B2B SaaS vertical called Vizstore that lets furniture and furnishing brands virtualize the showroom experience. The product aims to reduce real estate costs and give consumers greater control of interior design and execution. The company targets the commercial interior design and build market and describes its core technology as a path-breaking platform for the interior-designing experience. Flipspaces says it will use new capital to grow its U.S. business and expand its newly launched SaaS offering. The Mumbai/New Delhi–based startup claims to have seen 25X growth in its U.S. business. It is also backed by Carpediem Capital.

Led · Series A · May 2017

Collateral Medical operates an online distribution platform for medical devices, focusing on reasonable pricing for healthcare providers. The company serves thousands of doctors across more than 400 districts in 28 states. Leadership says the business helps bring down costs for practitioners while expanding access to devices. Collateral Medical plans to use new capital to strengthen its distribution capabilities, expand its service network, and bolster IT infrastructure. The firm raised a Series A to support that next phase of growth. Management framed the funding as a means to improve and enhance capabilities to better serve the medical community.