Led · Series B · Jul 2024

Corvi LED is a consumer lighting company based in Mumbai, founded in 2012, offering more than 100 products across seven categories including flat, surface, tubes, and bulbs. The company emphasizes high-efficiency LED designs that eliminate heat sinks, drivers, and metal bodies and says it has established international standards. Corvi holds over 100 patents and registrations and exports to 24 countries across South‑East Asia, Europe, the Middle East, and Africa. It plans to use new funding to enter new markets, diversify its product line, enhance technological capabilities, and expand market share in both B2C and B2B channels. Financially, Corvi reported a slight revenue decline in FY23 from Rs 16.65 crore to Rs 15.5 crore and widening losses from Rs 7.41 crore to Rs 9.74 crore; FY24 statements have not yet been filed. The company previously received a $10 million investment from Hero Enterprise in 2017.

Led · Series A · May 2024

CoverSure, operated by Claycove23 Insurance Tech Pvt, is an AI-first insurance platform founded in 2023 and based in Mumbai. The company provides personalized and advisory insurance services across health, life, motor, and travel segments. It aims to build a consumer-centric insurance engagement platform that uses data intelligence and machine learning to tailor solutions to individual policyholders. CoverSure emphasizes improving the user's lifetime experience with insurance, not just the point of sale. To support product development and growth, the company recently raised capital in a Pre-Series A round. The startup positions itself to help address low insurance penetration in India by making insurance more accessible and user-friendly.

Participated · Equity · Jan 2023

MProfit provides portfolio management software that helps investors, HNIs, family offices, IFAs, brokers and chartered accountants aggregate multi-asset portfolios across brokers. Its platform can read trade files such as contract notes from 700+ stockbrokers and Mutual Fund CAS statements, reducing manual effort in portfolio management. The company offers both B2C and B2B SaaS offerings and serves customers across 300+ cities. MProfit’s technology is designed to enable consolidated family-level tracking of investments as well as detailed reporting for advisors and intermediaries. In January 2023 the company raised around $2.0M to fast-track deployment of new initiatives. The product suite targets users ranging from individual investors to wealth professionals and family offices.