Participated · Series A · Sep 2022

GroMo operates a tech-enabled social commerce platform that helps agents distribute financial products and improve consumer financial literacy. The company distributes 100+ products across insurance, investments, credit cards, loans, savings, and Demat accounts from partners such as IDFC Bank, Jupiter Money, Axis Bank, and Freecharge. It claims to have built a network of over 1.2 million agents on its platform. Founded in 2019 by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana and based in Gurugram, GroMo targets expanding access to better financial offerings through agent networks. The startup plans to use new capital to scale hiring across senior management in technology, product, marketing, business, category management, and HR, with an aim to double headcount in the next 6–12 months. It also intends to enter new business partnerships with BFSI players to widen distribution and reach.

Participated · Series A · May 2019

Founded in 2015 by Shan Kadavil and Matthew Joseph, FreshToHome operates a meat and seafood delivery business across roughly 160 cities in India and has operations in key UAE markets. The company expanded into quick commerce in February last year, offering deliveries within 10–15 minutes in some areas. FreshToHome has raised over $320 million in equity to date and last completed a $104 million Series D round in February prior to these recent debt raises. In FY25 the firm reported revenue from operations of Rs 421.33 crore, a 14% year-on-year increase, while losses remained largely flat at Rs 146.32 crore. The recent financings (debt and a small OCRPS component) are intended to support working capital, growth, expansion, marketing, and general corporate purposes. The company has used successive rounds of capital to scale operations and enter new service segments such as quick commerce.

Led · Series B · Jan 2019

Founded in 2015 by Rajesh Sawhney, Sanjeev Singhal and Bal Dighent, InnerChef runs a full-stack cloud-kitchen platform that houses brands such as Healthie, Bombay Sandwich Company, Thalis of India, YumYumDilli and YumYumSouth. The company currently serves customers in Delhi-NCR, Bengaluru, Hyderabad and Mumbai through its digital ordering channels. Management has outlined plans to expand into ten additional cities, including Pune, Ahmedabad, Kolkata, Chennai and Jaipur. In FY19, operating revenue nearly doubled year over year to Rs 30.66 crore, while net losses rose to Rs 24.45 crore as total expenses reached Rs 66 crore. Employee benefit costs stood at Rs 24.57 crore, with 72 % (Rs 17.66 crore) attributed to ESOP expenses. Other income, comprising sponsorship fees and interest on deposits, added Rs 0.76 crore. Despite widening losses, the strong top-line growth and diversified brand portfolio position InnerChef to capitalize on India’s expanding online food delivery market.

Led · Series B · Nov 2018

Drivezy operates a peer-to-peer car, bike and scooter rental platform where vehicle owners list idle vehicles for hourly, daily or monthly rentals. The platform’s pricing ranges roughly from 100–2,500 rupees per day depending on vehicle type. The company has been scaling its fleet and partnerships—vehicle listings have doubled since January and it added 3,000 scooters in Bengaluru and Hyderabad via a partnership with Honda Motorcycle and Scooter India. Drivezy plans aggressive expansion of its bike and scooter rental initiatives, targeting addition of 10,000 bikes next month and deployment of 50,000 vehicles over the next three years. Financially, the company has raised about $31 million to date and is using new funds to improve technology infrastructure and ramp up marketing to support growth. Drivezy aims to capture roughly 2% of vehicles sold into a shared model over three years and expand into new Indian cities including Delhi-NCR, Punjab and Rajasthan. Drivezy is an aggregator service for car and bike rentals that enables users to hire vehicles for self-drive by the hour, day, or week with home delivery. Led by CEO and co-founder Ashwarya Singh, the company operates in Mumbai, Bengaluru, Pune and Mysuru. Drivezy raised $10m in funding and announced the launch of an initial coin offering (ICO). The company intends to use the funds to expand into new markets across India and abroad. As part of its ICO plans, Drivezy aims to create rental coins, a private currency for its platform.

Participated · Series A · Oct 2017

Slice issues physical and virtual cards aimed at millennials and lets professionals and students buy collateral-free goods and services on estimated monthly installments (EMIs) via an app to build credit scores. The company is led by co-founder Rajan Bajaj and is Bengaluru-based. In November 2021 Slice’s Series C valued the company at over $1.5 billion; the article reports $340 million raised to date. Slice has pursued financial-sector expansion, including a March 2022 acquisition of a 5% stake in North East Small Finance Bank for roughly $3.42 million and an announced merger with the bank in October 2023. The business reported a 59.8% increase in losses to Rs 406 crore for the fiscal year ended March 2023 and showed 3X growth, and it has not yet filed FY24 annual results. The company has raised multiple debt tranches this year as part of its broader financing strategy. Slice is a consumer lending and payments startup that provides credit and payments solutions. The company has pursued bank partnerships, acquiring a 5% stake in Guwahati-headquartered North East Small Finance Bank and announcing a merger with NESFB to expand financial accessibility. Slice has raised $340 million to date and was valued at over $1.5 billion during its Series C in November 2021. According to reporting, its revenue jumped to around Rs 870 crore in FY23, while operating revenue grew to Rs 283.08 crore in FY22 from Rs 67.7 crore in FY21. Losses widened to Rs 253.67 crore in FY22, reflecting increased operating losses. Gunosy Capital is reported as the largest shareholder with a 14.84% stake and co-founder Rajan Bajaj holds 8.21%. Slice offers credit-card features including rewards, 2% cashback, and a buy-now-pay-later option with merchants such as Amazon and MakeMyTrip. Launched in 2019 and headquartered in Bengaluru, the startup serves over 12 million Indians and is issuing roughly 300,000–400,000 cards per month. Recently it added UPI support to drive daily engagement; the UPI product is reported to be gaining strong early traction. Slice is focused on broadening its payments offerings while working to make its core credit business profitable in the coming months. The company targets underserved consumers who lack traditional credit access by using modern underwriting systems to expand card eligibility. Slice issues multiple consumer credit cards and card products aimed at tech‑savvy young professionals, and provides features such as no‑fee bill installments over three months and merchant discounts. The company uses its own underwriting system and has launched ultra‑low‑limit products (including a $27‑limit card) to reach underpenetrated segments. Slice says it issues over 200,000 cards each month, has a registered user base of over 5 million and a waitlist of more than 1 million users. The median age of its customers is 27, which the company says mirrors its team. A source quoted in the articles reported an annual revenue run rate of over $60 million. Planned product work includes adding UPI support, new card products (including a teen‑focused card) and a decentralized identity product called '&ID'; Slice is also hiring and offering new hires a three‑day week with steady pay and benefits. Slice is a Bangalore-headquartered fintech that has built a "super card" and companion app to simplify credit-card signup and usage for millennials and Gen Z. The product lowers barriers to credit for users who are often ineligible for traditional cards, offers up to 2% instant cash back, and surfaces hyperlocal restaurant deals. Slice issues credit limits from its own balance sheet and supports in-app payments including QR-code purchases, plus a bill-splitting feature that allows up to three months of interest-free payments. The company has amassed over 3 million users and says it is profitable; it also reports that more than 65% of members see credit scores climb to 730 within six months of joining. Slice says roughly 50% of new customers previously held competitor cards and that more than half of those switch Slice to be their primary card; it expects to convert over 80% to primary use in the next six to eight months. The startup recovered from pandemic-related declines, reporting May as its best month and 25% growth in June, and plans to use new funding to develop additional features.