CDM Capital
Mumbai, Maharashtra, India
Overview
CDM Capital is an early-stage venture capital business that invests early, assists you with difficult problems, and remains by your side throughout.
- Total investments
- 5
- Lead investments
- 2
- Investments · 12mo
- 4
- Active investors
- 1
Investment portfolio
- Rovia
Participated · Seed · Jun 2026
Rovia provides a unified platform for employees with equity compensation to transfer, manage, diversify, and reinvest RSUs and other stock plans. The Bengaluru-based startup was co-founded in 2025 by Shivang Badaya and Arnav Grover and positions itself to reduce cross-border frictions, FX and remittance costs, tax complexities, and access barriers to US brokerage infrastructure. After launching a beta, Rovia reports 100% month-on-month growth in assets under management and is tracking over $60 million in equity compensation assets from employees at more than 300 companies. The company has secured registration as an SEC-registered investment adviser in the United States. Rovia plans to use its recent pre-seed funding to grow engineering and product teams, deepen brokerage and financial infrastructure integrations, and bolster regulatory and compliance capabilities as it scales.
- Babai Tiffins
Led · Equity · Feb 2026
Babai Tiffins operates a process-driven QSR model that brings authentic Andhra vegetarian dishes to a broader audience through centrally sourced ingredients and disciplined cost structures. The company currently runs three outlets in Bengaluru, fulfilling nearly 200,000 orders each month and generating an annual revenue run rate of about ₹50 crore. More than half of its patrons are non-Telugu speakers, signaling growing mainstream acceptance of Andhra cuisine. Founded by Allu Siva Rama Krishna Reddy and Ravi Morampudi, the brand aims to fill a gap in India’s organised QSR landscape with dependable, everyday Andhra fare. With the new capital, management plans to expand its store footprint, enhance operational systems, and add complementary revenue streams, including packaged foods. Investments will also go toward technology and supply-chain infrastructure—such as inventory management, demand forecasting, and centralised procurement—to support efficient scaling. Over the next phase, Babai Tiffins is targeting ₹150 crore in annual revenue.
- Atomgrid
Participated · Series A · Jan 2026
Founded by Siddharth Gupta and Lakshit Bansal, Atomgrid offers an end-to-end specialty chemicals platform that combines distribution, in-house research, and proprietary product creation. The company already generates more than 50% of its revenue from exports and serves over 150 active customers across 15 countries. Management plans to channel fresh capital into expanding its international presence and accelerating product development. Over the past 18 months Atomgrid has completed two funding rounds and now targets nearly threefold revenue growth in FY26 compared with FY25. By integrating the chemicals value chain, the startup positions itself as a technology-enabled alternative to incumbents such as Scimplifi and Covvalent. Its export-heavy revenue mix and broad customer base provide a strong footing for continued scale.
- Mylapay
Participated · Equity · Jan 2026
Mylapay is a Chennai-based startup that builds core payment processing systems covering 3-D Secure authorisation, switching, clearing and settlement, and reconciliation. The company’s platform, certified by Visa, Mastercard, and RuPay, recently launched as a unified acquiring solution enabling banks and payment aggregators to handle both card and UPI transactions via a single integration. Engineered to process more than 5,000 transactions per second, the system emphasizes compliance-led, modular design. Founder Mohanraj Ravi plans to use new capital to fortify the payment infrastructure, expand the product stack, and deepen integrations with banks and payment aggregators. Future growth initiatives include international expansion across the Middle East, Africa, and the United States. Financially, the firm had previously attracted $550,000 in seed funding and has now added $1 million in fresh capital as it gears up for a full Series A later this year.
Team
Davesh Manocha
Partner
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