Led · Equity · Oct 2025

Founded in 1990 by Maroti Gendaru Jawanjar, Berar Finance is one of Nagpur’s oldest vehicle-financing non-banking financial companies. The firm operates more than 160 branches in nine states, offering two-wheeler loans and, more recently, secured MSME loans aimed at small entrepreneurs, farmers and traders earning under $350 a month. Management, now led by second-generation promoter Sandeep Jawanjal, intends to turn Berar into a multi-product NBFC with a focus on growth, profitability and asset quality. As of FY24, Berar reported total assets of ₹1,316 crore, up from ₹1,141 crore the previous year, and net profit increased to ₹22 crore from ₹17 crore. A Crisil report shows FY25 total assets of ₹1,589 crore and net profit of ₹32 crore. The company’s assets under management stand at roughly ₹1,500 crore, with funding sourced 17% from public deposits and the rest from term loans, NCDs, cash credit and pass-through certificates. Previous capital infusions total ₹156 crore from family, promoters and investors such as Maj Invest and Amicus Capital Partners. Future plans include deepening two-wheeler financing and scaling the nascent secured MSME loan portfolio.

Led · Equity · Oct 2023

Bagzone Lifestyles owns and operates fashion accessories brands Lavie, Lavie Sport, and Lavie Luxe. The company reported consistent customer growth and rising demand for newly launched products. It raised $9 million led by First Bridge India Growth Fund to support expansion initiatives. Proceeds will fund a 150,000-square-foot in-house manufacturing facility, the opening of 300 Exclusive Brand Outlets, and elevated marketing using brand ambassadors Ranveer Singh (Lavie Sport) and Anushka Sharma (Lavie). Bagzone aims to grow tenfold over the next five years, achieve 70% localization in sourcing, expand into Tier 2 and Tier 3 markets, and create about 1,000 jobs nationwide. Market context notes the Indian handbags segment is projected to reach US$4.19 billion in 2023 with a 6.14% CAGR from 2023–2026.

Participated · Series A · Jun 2022

Onepilot offers an all-in-one outsourcing platform that allows e-merchants to outsource customer care to a network of 500+ local freelance agents who remotely resolve tickets. The platform provides agents with AI-driven access to knowledge and a unified work environment with integrations that let agents perform refunds, track orders, and complete other tasks in a few clicks. Onepilot acquired French AI agent assistant startup Hubware earlier this year to speed ticket resolution and plans to double the size of its AI team in 2022. The company positions itself as a higher-quality, cost-competitive alternative to traditional outsourcers and aims to provide 24/7 customer support. Onepilot will expand operations outside France and the U.K., starting with Germany and Spain this summer and then to the rest of Europe. The business has raised a total of €17.5 million to date, including the recent Series A. Onepilot offers fast, human 24/7 customer support powered by technology that lets agents resolve complex issues in minutes. The company says its platform can boost a client’s sales by up to 20% and halve average response time. The five co‑founders come from Foodora, Cowash, Voi, Starquest Capital and Bolt and launched a private beta a few weeks ago. In private beta it has already signed more than 40 clients, including Respire, Blissim and Les Raffineurs. Onepilot plans rapid scaling with 30+ employee hires and hundreds of freelancers in the coming weeks and is preparing for international expansion. The company recently completed a seed fundraising round to support that growth.

Participated · Series D · Jan 2022

Paack is a logistics and parcel-delivery company that began operations in Dubai five years ago and is now based in Barcelona. It offers scheduled deliveries in more than sixty European cities across Spain, Portugal, Italy and France. The company reports a 96% success rate on first deliveries and an international customer rating of 4.8 out of 5. Financially, Paack attracted €45M in the second half of 2023 and has now received an additional €10M from ICO Next Tech. Paack plans to continue expanding the number of countries and cities it serves and will pursue route optimization and investment in environmentally friendly vehicle fleets to support that growth. Paack is a Barcelona-based logistics company that provides parcel delivery services for e-commerce retailers. The company manages delivery of several million orders monthly for more than 150 clients, including 17 of the top 20 e-commerce retailers in Spain. Paack employs between 500 and 1,000 people and has raised more than €300M in investment since inception. The current round of €45M will be used to reinforce its market position in e-commerce delivery, invest in product innovation, and expand its distribution network across Europe. Paack has an ambition to become the first company to guarantee 100% zero-emission deliveries across Europe. The financing combines equity and debt to support growth and working capital needs. Paack operates an e-commerce delivery platform combining logistics software with warehouse-robotics integrations to manage last-mile and fulfillment operations. Its systems integrate with e-commerce sites so consumers can customize delivery schedules at checkout, and the company develops warehouse automation, time-window scheduling and routing integrations. Paack says it delivers several million orders per month for about 150 international clients, processes 10,000 parcels per hour per site, and counts 17 of the largest e-commerce retailers in Spain among its customers. The company was founded by Fernando Benito, Xavier Rosales and Suraj Shirvankar, and CEO Benito emphasizes a short-term vision to lead sustainable e-commerce delivery in Europe. Paack aims to deliver parcels at carbon net-zero using electric last-mile vehicles and is seeking certification with The Carbon Trust and the United Nations. It has established a profitable position in Spain and is pursuing similar results across the U.K., France and Portugal while using new capital for product development and European expansion. Paack is a Barcelona-based e-commerce delivery platform founded in 2015 that provides delivery services for retailers including Amazon, Decathlon, and MediaMarkt. The company is active in more than 60 cities across Spain, the UK, France and Portugal and works with over 3,000 local delivery partners. Paack has a team of more than 240 employees and expects to reach €50 million in sales this year. The platform focuses on coordinating deliveries between retailers and local couriers to fulfil e-commerce orders. The startup plans to use new capital to expand delivery coverage and invest in operational efficiency. To date, Paack has raised over $80 million in funding.

Participated · Series C · Mar 2021

Cubyn offers a fully integrated fulfilment and delivery solution that lets e-merchants outsource pickup, warehousing and shipping while keeping stock in Cubyn’s warehouses. The company launched "Cubyn Fulfilment" about 18 months after an earlier funding round and uses proprietary technology ranging from web apps to algorithms and warehouse robotics to optimize operations. Cubyn says this tech enables a fully integrated solution at a fraction of industry-standard cost and lists marketplaces such as Back Market, Rakuten, Mirakl and Fnac as customers. The company grew its gross merchandise value (GMV) from €30 million to €250 million in 2020. Today it operates with 85 employees and says 85% of shipments are in France and 15% international, a ratio it expects to move toward 50-50. Plans include international rollout (Spain and Portugal first, then Italy, the U.K. and Germany) and opening a 25,000 square meter automated facility in the Paris area. Cubyn operates a technology-driven logistics and warehouse fulfilment platform that integrates merchants into marketplaces and enables real-time stock and process monitoring. The company serves primarily e-commerce marketplaces across Europe and says it can reduce merchants' logistics costs by up to 30% while improving shipment quality. Cubyn uses proprietary technology to automate warehouse operations and streamline merchant integration. Management reports fulfillment revenues have been multiplied eighteenfold in the last six months. The company plans to continue expanding across France and to accelerate automation projects within its warehouses. Cubyn positions its platform to let e-merchants focus on sales while maintaining control over logistics and expenses. Cubyn provides outsourced fulfillment and delivery logistics for e-merchants, offering integrations with marketplaces and direct channels. The company has launched “Cubyn Fulfillment,” a fully integrated first‑mile solution that stores merchants’ inventory in Cubyn warehouses and handles packing and carrier selection. Cubyn says its service is offered at a 30% lower price point than competitors and emphasizes multi-channel, marketplace-agnostic logistics. Typical customers range from merchants shipping 500 to 50,000 orders per month, and Cubyn charges based on parcels shipped. Launched in 2015, the startup says it has made more than 2 million shipments in four years and highlights proprietary technology built from the ground up to drive efficiencies versus legacy third‑party logistics players. The company positions itself as an alternative to marketplace fulfillment offers by serving multi-channel sellers. Cubyn is a Paris-based logistics startup offering tech-powered, on-demand fulfillment for e-commerce merchants, including on-site pick-up, packaging and global shipping. Merchants create tailored shipment requests via Cubyn’s platform, e-commerce module or API, schedule pickups within a two-hour window, and track orders from warehouse through delivery. The company emphasizes automation and a developer-friendly integration to streamline merchants’ shipping workflows. Cubyn is led by co-Founders and CEO Adrien Fernandez-Baca and CTO Mathieu Lemaire. Since inception the company has processed over half a million shipments, and in the first half of 2017 it processed more shipments than in the entire prior year. The company plans to use new funding to strengthen its leadership position in France, expand to new European cities, scale customer acquisition and consolidate its management team. Cubyn is a Paris-based B2B logistics startup that collects customers' goods, packs them and ships them worldwide. The company handles end-to-end logistics, including purchase of cartons and protective materials, packaging, labeling, weighing and carrier selection. It partners with all major carriers to match shipments to customer needs. Cubyn was co-founded in 2014 by Adrien Fernandez Baca and Mathieu Lemaire. The company raised €1.1M in funding and will use the proceeds to expand operations nationwide. Its service is currently available in Paris and the company employs 14 people.