Participated · Equity · Aug 2026

Invisel develops and sells invisible nano coatings that form a protective layer on surfaces such as glass, marble, tiles, fabric, leather and metal, with a single application lasting between 6–12 months and taking minutes to apply. The company sells direct-to-consumer, works with institutional OEM partners in the furniture industry, and offers professional application services across multiple cities. Within just over a year of commercial operations it has served more than 60,000 customers across 900+ pin codes, generated ₹5.2 crore in FY26 revenue, and achieved profitability without prior external funding. Founded by Atharva Ulangwar (Founder & CEO) and Sumedh Yeolekar (Co-founder & CMO), Invisel has built in-house formulation and manufacturing capabilities and plans to establish a dedicated manufacturing and research facility in Pune. Future plans include expanding its professional application network from three to twelve cities, launching in the UAE later this year, introducing five new product categories, and investing in advanced materials research and patent development.

Participated · Series B · Mar 2026

Founded in 2019, Skye Air Mobility develops and operates a hyperlocal drone delivery network that combines aerial drones capable of carrying up to 10 kg with a proprietary traffic management system called Skye UTM and an AI-enabled hub-pod-walker ground logistics layer. The company’s ‘Physical AI stack’ links autonomous drones, airspace management and ground robotics into a single delivery chain designed for India’s dense urban environments. Over a little more than two years of commercial operations, Skye Air has completed 3.6 million autonomous deliveries for e-commerce, healthcare and industrial clients. Management positions the platform as a way to shorten last-mile delivery times while preserving jobs through its hybrid ground-and-air approach. With fresh capital, Skye Air plans to scale from its Delhi-NCR base to Bengaluru, Mumbai, Pune, Hyderabad and Kolkata within the next 18 months. The expansion will focus on deepening its Physical AI stack and building additional delivery infrastructure to capture a share of India’s $5.5 billion—and rapidly growing—last-mile logistics market.

Participated · Series A · Jan 2026

RoadGrid develops EV charging hardware, software and energy management solutions and is the creator of a patented Universal EV Charger that supports two-wheelers, three-wheelers, passenger vehicles and commercial EVs. The company plans to build a manufacturing and assembly facility with an annual capacity of 2,000 chargers and commercial production slated for March 2027, using locally manufactured components. At an initial production level of 1,000 chargers the company projects the facility could generate around Rs 100 crore in annual revenue and create more than 100 jobs. Founded in 2020, RoadGrid currently employs over 40 people, has deployed more than 100 EV chargers and manages over 200 charging points. It serves six enterprise customers and has partnerships with VinFast, HPCL and IOCL, and earlier this year raised Rs 12 crore in a pre-Series A round led by Venture Catalysts.

Participated · Seed · Oct 2025

Umagine Hydrogen is a hydrogen fuel cell manufacturer that engineers systems spanning sub-kilowatt modules for defense equipment to multi-megawatt blocks for grid-scale, long-duration energy storage. The company’s 100% indigenous technology converts green hydrogen into electricity while emitting only water, offering the reliability of diesel power without carbon, noise, or particulate pollution. Its proprietary architecture lets customers integrate hydrogen, battery, and solar assets in a plug-and-play fashion, reducing installation time and total cost of ownership. Near-term plans include constructing a gigawatt-scale factory dedicated to hydrogen fuel cells, enabling mass deployment across telecom towers, data centers, remote micro-grids, and defense outposts. Management believes this capability will render diesel generators obsolete within a few years. Financially, Umagine Hydrogen has just raised a $850,000 seed round to fund the factory build-out and accelerate commercialization.

Participated · Series A · Sep 2025

Founded in 2021 by Apurwa Masook, Rounak Agrawal, and Sudarshan Samal, SpaceFields designs and manufactures solid-fuel powered propulsion systems for UAVs, rockets, and spacecraft. The company targets both defence and commercial aerospace markets and has already secured four defence contracts through the Ministry of Defence’s iDEX initiative. SpaceFields holds patents on four indigenously developed propulsion technologies, underscoring its technical differentiation. Management plans to use fresh capital to scale manufacturing capacity, obtain key regulatory certifications, and expand engineering, operations, and business teams. The firm is positioning itself as a provider of critical, sovereign, dual-use technologies within India’s defence and aerospace value chain. To date, SpaceFields has raised a cumulative $6.3 million, including a $1.3 million seed round earlier in 2024 and the current pre-Series A financing.