Participated · Series H · May 2026

Founded in 2016 by Aaditya Sharda and Souvik Sengupta, Infra.Market operates a technology-enabled platform across multiple construction material categories including ready-mix concrete, steel, paints, electricals and modular kitchens. For FY26 the company is estimated to have reported consolidated revenue close to Rs 20,000 crore, up about 7 percent year-over-year, with EBITDA of around Rs 1,750-1,800 crore and margins improving to roughly 9 percent; net profit for FY26 is estimated at about Rs 300-325 crore. The company has raised more than $500 million in funding since inception and continues to attract participation from large investors. Infra.Market has confidentially filed draft IPO papers for a proposed Rs 5,000 crore public issue and received SEBI observations in January 2026, and is targeting a public listing within the next four to six months. The company is pursuing a final private capital raise (Series H) to shore up its balance sheet and reduce debt ahead of the IPO.

Participated · Equity · Nov 2025

Founded in 2013 by brothers Sitanshu and Shardul Sheth, AgroStar runs a hybrid digital platform and network of more than 10,000 retail stores that provide farm advisory, technical guidance, and agricultural inputs. Its app and content reach over 10 million farmers, and the company markets a portfolio of around 200 branded inputs, including biologicals and climate-focused products. The firm plans to use new capital to accelerate omnichannel expansion, deepen product innovation, and build AI-driven capabilities for crop advisory. For FY24, AgroStar reported revenue of Rs 761.51 crore but recorded a loss of Rs 327.43 crore on expenses of Rs 1,088.94 crore, with negative operating cash flow of Rs 135.09 crore. The company has raised more than $140 million to date and competes with peers such as Ninjacart, DeHaat, and Waycool. Management believes its scale and integrated distribution give it a defensible position in the fragmented agritech market.

Participated · Series C · Aug 2025

RENEE Cosmetics develops and sells cosmetic and beauty products, aiming to capture Indian and international consumers through both online and offline channels. The company reported an annual revenue run rate of ₹500 crore and plans to double this to ₹1,000 crore within two years. Management attributes its nearly three-fold growth over the last 18 months to strong consumer adoption, innovation-led product launches, and expansion across retail outlets. RENEE’s products are currently available in 15,000 physical stores, and the brand is testing international demand with a beta online presence in the US, UAE, and Australia. Fresh capital will be directed toward broadening the product portfolio, scaling omnichannel distribution in Tier 1 and Tier 2 Indian cities, and investing in technology and brand-building. The company also plans to strengthen its offline distribution engine to accelerate the next phase of growth.

Participated · Series E · Dec 2022

Money View is an eight-year-old, Bengaluru-headquartered fintech that offers personalized credit products and financial management solutions to customers who otherwise lack a credit score. It uses modern underwriting systems to lend in a market where India’s credit bureau data is thin. The startup is disbursing about $1.2 billion in loans on an annualized basis and is managing over $800 million. Money View reported revenue of $30.6 million and a profit of $2.14 million for the financial year ended in March and says it has been profitable for the past two years. The company plans to deploy new funds to scale its core credit business, broaden its product portfolio into digital bank accounts, insurance and wealth management, and hire more talent. It aims to expand its offerings across the South Asian market. Money View is an online credit platform that provides personalized credit products including instant personal loans, cards, BNPL and personal financial management tools. The company partners with more than 15 financial institutions to offer credit and financial products on its platform. It is disbursing loans at an annualized run rate of $700 million and is projecting to reach $1 billion AUM over the next 12 months. Money View is co-founded by Puneet Agarwal and Sanjay Aggarwal and is based in Bengaluru, India. The company plans to use new funding to scale its core credit business, grow its team, and expand its product portfolio into digital bank accounts, insurance and wealth management solutions. The platform is positioned to deepen its product set while scaling lending operations and distribution through its institutional partnerships.

Participated · Series F · Oct 2021

Veritas Finance focuses on the large and underserved MSME financing market across semi-urban and rural geographies. Started in Tamil Nadu, the company has expanded across eight states and one union territory with 285+ branches and services 115,000+ customers. As of March 31, 2023, Veritas reports AUM of INR 3,500 Crore+ and primarily provides secured small business loans with an average ticket size of INR 5 Lakh. The founder, D. Arulmany, brings 25+ years of experience building financial franchises. Veritas has scaled significantly over the last six years and built deep on-ground operating experience and market knowledge. The company plans to use fresh capital to enter new markets and to strengthen new product lines, including affordable housing loans. Veritas Finance is an Indian NBFC focused on providing loans to micro, small and medium enterprises (MSMEs). The company has an operational presence in eight states. Its core product offering is MSME lending across the markets it serves. The article reports a recent capital infusion, indicating active fundraising activity. Veritas secured primary investment through a Series F round. No revenue, user, or profitability metrics were disclosed in the article. Veritas Finance is a Chennai-based non-banking finance company that lends to micro, small and medium enterprises. It offers 3-4 products tailored to MSME credit needs, with an average cheque size of ₹4 lakh and five-year loan tenors. As of February 29, 2020 the company had a loan book of ₹1,308 crore, 48,638 customers and 1,840 employees, and reported net NPAs of 1.5%. Veritas operates 201 branches across eight states and Puducherry. The company plans to enter Maharashtra, Chhattisgarh and Bihar, initially opening 6–8 branches per new state and expanding further after 12–18 months. Management says it has reduced its cost of borrowing over the last five years and passed savings to customers, and has raised about ₹800 crore of debt from over 40 lenders. Including the latest round, Veritas has raised about ₹750 crore overall from investors. Veritas Finance is a Chennai-based non-banking finance company that provides loans to micro, small and medium enterprises for business expansion, working capital and asset creation. The firm plans to use the new funds to deepen penetration in its existing markets and support customer growth. Founded in 2015, Veritas has a loan book of ₹530 crore, a net worth of ₹430 crore, more than 21,000 customers and over 130 branches across seven states. The company disburses ₹40–45 crore per month and has a ₹300 crore debt line from 23 lenders. Management is monitoring the broader NBFC liquidity issues but expects conditions to ease in the next 4–5 months. Veritas Finance is an MSME-focused non-banking financial company offering long-term finance for business expansion and shorter-term working capital loans to micro and small enterprises. The firm typically offers loans with a normal tenure of five years and may provide higher amounts and longer tenures after assessing the business and requirements. Incorporated in 2015 and registered as an NBFC by the RBI in October 2015, Veritas began operations with initial capital of Rs 13.60 crore. It has raised multiple equity and debt rounds, including Rs 30 crore in Series A and Rs 120 crore in Series B, with cumulative fundraising of about Rs 300 crore prior to the latest debt. The company reports over 14,000 customers, around 700 employees, 68 branches and 100 micro‑centres across Tamil Nadu, Puducherry, Karnataka, West Bengal and Odisha. After its Series B it said it was on course to a loan book of Rs 330–350 crore by the end of FY18.