Overview
Private equity firm investing in mid-market companies in India.
Founded
2004
Deals ยท 12mo
3
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
QNu Labs | Sep 2026Participated | $21 MSeries A | |
Sarvam AI | Aug 2026Participated | $73 MSeries B | |
The Indus Valley | Jun 2026Led | $17 MSeries B | |
Weaver Services | Aug 2025Participated | $170 MOther Equity | |
AmberStudent | Feb 2024Led | $21 MOther Equity | |
Signzy | Sep 2022Led | $26 MOther Equity | |
LeadSquared | Jun 2022Participated | $153 MSeries C | |
LeadSquared | Dec 2020Led | $32 MSeries B | |
Xpressbees | Nov 2020Led | $110 MSeries E | |
Navi | Apr 2020Led | $27 MOther Equity | |
Suryoday Small Finance Bank | Apr 2019Participated | $36 MOther Equity | |
Educational Initiatives | Jul 2018Led | $25 MOther Equity | |
QNu Labs | Sep 2026Participated | $21 MSeries A | |
Sarvam AI | Aug 2026Participated | $73 MSeries B | |
The Indus Valley | Jun 2026Led | $17 MSeries B | |
Weaver Services | Aug 2025Participated | $170 MOther Equity | |
AmberStudent | Feb 2024Led | $21 MOther Equity | |
Signzy | Sep 2022Led | $26 MOther Equity | |
LeadSquared | Jun 2022Participated | $153 MSeries C | |
LeadSquared | Dec 2020Led | $32 MSeries B | |
Xpressbees | Nov 2020Led | $110 MSeries E | |
Navi | Apr 2020Led | $27 MOther Equity | |
Suryoday Small Finance Bank | Apr 2019Participated | $36 MOther Equity | |
Educational Initiatives | Jul 2018Led | $25 MOther Equity |
Insights
Time horizon
View by
Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 0 | 1 |
| Series A | 0 | 1 |
| Series B | 2 | 1 |
| Series C+ | 1 | 1 |
| Other Equity | 7 | 3 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Feb '12 | 1 |
| Mar '12 | 0 |
| Apr '12 | 0 |
| May '12 | 0 |
| Jun '12 | 0 |
| Jul '12 | 0 |
| Aug '12 | 0 |
| Sep '12 | 0 |
| Oct '12 | 0 |
| Nov '12 | 0 |
| Dec '12 | 0 |
| Jan '13 | 0 |
| Feb '13 | 0 |
| Mar '13 | 0 |
| Apr '13 | 0 |
| May '13 | 0 |
| Jun '13 | 0 |
| Jul '13 | 0 |
| Aug '13 | 0 |
| Sep '13 | 0 |
| Oct '13 | 0 |
| Nov '13 | 0 |
| Dec '13 | 0 |
| Jan '14 | 0 |
| Feb '14 | 0 |
| Mar '14 | 0 |
| Apr '14 | 1 |
| May '14 | 0 |
| Jun '14 | 0 |
| Jul '14 | 0 |
| Aug '14 | 0 |
| Sep '14 | 0 |
| Oct '14 | 0 |
| Nov '14 | 0 |
| Dec '14 | 0 |
| Jan '15 | 0 |
| Feb '15 | 0 |
| Mar '15 | 0 |
| Apr '15 | 0 |
| May '15 | 0 |
| Jun '15 | 0 |
| Jul '15 | 0 |
| Aug '15 | 0 |
| Sep '15 | 0 |
| Oct '15 | 1 |
| Nov '15 | 0 |
| Dec '15 | 0 |
| Jan '16 | 0 |
| Feb '16 | 0 |
| Mar '16 | 0 |
| Apr '16 | 0 |
| May '16 | 0 |
| Jun '16 | 0 |
| Jul '16 | 0 |
| Aug '16 | 0 |
| Sep '16 | 0 |
| Oct '16 | 1 |
| Nov '16 | 0 |
| Dec '16 | 0 |
| Jan '17 | 0 |
| Feb '17 | 0 |
| Mar '17 | 0 |
| Apr '17 | 0 |
| May '17 | 0 |
| Jun '17 | 0 |
| Jul '17 | 0 |
| Aug '17 | 0 |
| Sep '17 | 0 |
| Oct '17 | 0 |
| Nov '17 | 0 |
| Dec '17 | 1 |
| Jan '18 | 0 |
| Feb '18 | 0 |
| Mar '18 | 0 |
| Apr '18 | 0 |
| May '18 | 0 |
| Jun '18 | 0 |
| Jul '18 | 1 |
| Aug '18 | 0 |
| Sep '18 | 0 |
| Oct '18 | 0 |
| Nov '18 | 0 |
| Dec '18 | 0 |
| Jan '19 | 0 |
| Feb '19 | 0 |
| Mar '19 | 0 |
| Apr '19 | 1 |
| May '19 | 0 |
| Jun '19 | 0 |
| Jul '19 | 0 |
| Aug '19 | 0 |
| Sep '19 | 0 |
| Oct '19 | 0 |
| Nov '19 | 0 |
| Dec '19 | 0 |
| Jan '20 | 0 |
| Feb '20 | 0 |
| Mar '20 | 0 |
| Apr '20 | 1 |
| May '20 | 0 |
| Jun '20 | 0 |
| Jul '20 | 0 |
| Aug '20 | 0 |
| Sep '20 | 0 |
| Oct '20 | 0 |
| Nov '20 | 1 |
| Dec '20 | 1 |
| Jan '21 | 0 |
| Feb '21 | 0 |
| Mar '21 | 0 |
| Apr '21 | 0 |
| May '21 | 0 |
| Jun '21 | 0 |
| Jul '21 | 0 |
| Aug '21 | 0 |
| Sep '21 | 0 |
| Oct '21 | 0 |
| Nov '21 | 0 |
| Dec '21 | 0 |
| Jan '22 | 0 |
| Feb '22 | 0 |
| Mar '22 | 0 |
| Apr '22 | 0 |
| May '22 | 0 |
| Jun '22 | 1 |
| Jul '22 | 0 |
| Aug '22 | 0 |
| Sep '22 | 1 |
| Oct '22 | 0 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 0 |
| Feb '23 | 0 |
| Mar '23 | 0 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 0 |
| Aug '23 | 0 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 0 |
| Jan '24 | 0 |
| Feb '24 | 1 |
| Mar '24 | 0 |
| Apr '24 | 0 |
| May '24 | 0 |
| Jun '24 | 0 |
| Jul '24 | 0 |
| Aug '24 | 0 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 0 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 0 |
| Mar '25 | 0 |
| Apr '25 | 0 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 1 |
| Sep '25 | 0 |
| Oct '25 | 0 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 0 |
| Jun '26 | 1 |
| Jul '26 | 0 |
| Aug '26 | 1 |
| Sep '26 | 1 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Fintech | 5 |
| Marketing & Advertising | 3 |
| Professional Services | 3 |
| Education & Workforce | 2 |
| Enterprise Software | 2 |
| E-Commerce & Retail | 2 |
| Transportation & Logistics | 2 |
| Consumer & Lifestyle | 2 |
| Health & Life Sciences | 2 |
| Food & Agriculture | 2 |
| AI & Machine Learning | 2 |
| Travel & Hospitality | 1 |
| Cybersecurity & Privacy | 1 |
| Real Estate & Construction | 1 |
| Space & Frontier Tech | 1 |
| Networks, Cloud & Communication | 1 |
| Hardware & Robotics | 1 |
| Manufacturing | 1 |
| Media & Entertainment | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 1 |
| $5M-$10M | 1 |
| $10M-$25M | 5 |
| $25M-$50M | 5 |
| $50M-$100M | 2 |
| $100M-$250M | 3 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 3 of 3 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| India | 15 |
| United States | 1 |
| Europe | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| IFC | 2 |
| AL Trust | 1 |
| Arkam Ventures | 1 |
| Artha Ventures | 1 |
| Asia Capital and Advisors | 1 |
| Bio Sensors International | 1 |
| CDC | 1 |
| DEG | 1 |
| Department of Science and Technology | 1 |
| DSG Consumer Partners | 1 |
| Fireside Ventures | 1 |
| Glade Brook Capital | 1 |
| Indigo Ventures | 1 |
| Investcorp | 1 |
| Jungle Ventures | 1 |
| KJ Trust | 1 |
| Kotak Life | 1 |
| Lightspeed Venture Partners | 1 |
| Norwest Venture Partners | 1 |
| NVIDIA | 1 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 10 | 59% |
| Participating | 7 | 41% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 9 | 90% |
| Co-led | 1 | 10% |
Team
Director
Co-Founder & Managing Partner
Managing Partner
Managing Partner
