Participated · Equity · Mar 2026

Mufin Green Finance operates a suite of technology-driven lending platforms, including Mufin Pay, Vouchagram India, BimaPay and Hindon Mercantile Limited, to extend credit to segments traditionally overlooked by mainstream banks. Its offerings span insurance-premium financing via BimaPay, salary-advance products aimed at government employees, and other fintech-led credit solutions. The company positions itself around sustainable, inclusive finance and leverages digital tools to improve underwriting and disbursement efficiency. With a multi-platform approach, Mufin Green Finance seeks to deepen wallet share across its ecosystem while maintaining a focus on responsible lending. The newly secured capital will be used to bolster its balance sheet, scale product capabilities and expand market reach, helping accelerate disbursement growth and operational efficiency. Management expects the strengthened capital base to support significant expansion and improved profitability in coming quarters.

Participated · Series A · Mar 2023

Gynoveda develops Ayurveda-based solutions for women's gynaecological health and offers formulation-led products and services aimed at treating complex disorders. The company says it has improved the health of 3 lakh women across 20,000 pincodes in India and holds a Google rating of 4.8. It tripled gross revenue year-on-year between FY20 and FY23 to reach an INR 100 crores annual revenue run rate within three years of inception. Gynoveda aims to make Ayurveda the first choice for women's healthcare and to change the lives of 1 million women. The company plans to use new funding to strengthen R&D, formulate new Ayurvedic offerings, onboard talent, expand distribution channels, and raise grassroots awareness about menstrual health.

Participated · Series B · Dec 2022

NRT develops swarm-drone systems and related dual‑use technologies, with running contracts with India’s ministry of defence. The company has delivered a world‑class swarming system, set a global record for highest altitude multirotor flight, and demonstrated a solar‑powered 21‑hour continuous UAV flight. It is in the process of delivering a tethered system to the Indian Army and has showcased swarm operations in Japan for disaster response. NRT has stated global ambitions and is looking to expand into Japan, the Middle East, Europe and the US. The company aims to scale further amid supportive Indian defence policies and industry schemes that bolster domestic deep‑tech startups. NewSpace Research and Technologies designs and develops persistent drones for earth observation and communications, with platforms operating between 5 km and 20 km and endurance from days to months. The company targets defense customers and plans to expand into civil logistics drone operations. It was founded in 2018 and is Bengaluru-based. NewSpace reported revenue from operations of zero in FY22 versus Rs 15.5 crore in FY21, and booked a loss of Rs 19 crore in FY22 after a profit of Rs 1.75 crore in FY21. The company has secured commercial interest from the Indian Army, which signed deals worth over Rs 200 crore for swarm drones involving NewSpace and Raphe. Proceeds from the recent fundraise will be used for capital expenditure and other corporate purposes.

Led · Equity · Feb 2022

RapiPay is a fintech firm building NYE, a digital banking super app designed to let users manage multiple bank accounts, transactions and financial services through a single login and unified transaction summary. The company says NYE will offer salary and current accounts, payment solutions, retail and business loans, Buy Now Pay Later, investments, insurance and other convenience services. RapiPay raised $15 million to build a robust digital financial ecosystem for consumers and businesses and to drive adoption of NYE. Leadership highlighted the app’s role in onboarding the retail network of investor partners and providing seamless, secure banking and financial services. RapiPay currently processes about 10 lakh daily transactions and has served over 10 crore customers. The company has set targets for 2025 including 20 lakh primary current and salary accounts, 10 lakh POS machines, a $30 billion GTV, 15 crore unique customers, 35 lakh daily transactions and 20 lakh hybrid direct business outlets.