Participated · Series A · Sep 2025

Founded in 2022 by Naimisha Rao, Dilip Jain and Manthan Shah, Gullak offers a gold savings app where users can set up SIPs from as little as ₹100 per day or make one-time gold purchases. The company positions itself as a neutral redemption layer, partnering with multiple major jewellery chains rather than building its own retail brand, and already supports redemptions at 5,000 outlets across India as well as doorstep delivery of gold coins and cash withdrawals. Gullak reports three lakh active transacting users who collectively have saved more than 1,000 kg of gold on the platform, with the average customer saving about ₹7,000 per month. The business currently generates $2.5 million in annual recurring revenue and has set a target of reaching $10 million ARR and one million users within the next 12 months. Revenue comes from small spreads on gold transactions and value-added services. By focusing on Tier-II and Tier-III cities, the firm aims to capture a broader middle-income demographic interested in disciplined gold investing.

Participated · Equity · Aug 2025

beatBread is a Los Angeles, CA–based music funding platform that provides flexible capital to artists, writers and independent labels. The company recently secured an additional $124M in credit and equity capital. It provides funding on existing catalog as well as new and unreleased music, offering growth capital across the music industry. beatBread has funded clients on six continents, with funding amounts ranging from $1,000 to over $10 million. Led by CEO Peter Sinclair, the company plans to deploy the capital to expand sales, marketing and product operations while continuing to originate artist financing. beatBread offers flexible advances to artists and labels in exchange for a limited share of existing catalog revenues, with options for advances against unreleased music. Advances range from $1,000 to $2 million and are repaid from a share of an artist’s streaming and airplay revenues over a period chosen by the artist. Advance agreements leave touring, publishing, synch, and merchandise revenue streams untouched and place no restrictions on how funds are used. Since launching in November 2020, the company has made more than 300 advances across multiple genres, six continents, and across a broad range of career stages. The company is led by CEO Peter Sinclair and has offices in Utah, Los Angeles, Miami, and New York. beatBread says it will use the new funds to grow and offer access to flexible capital to more artists.

Participated · Series B · Mar 2025

Zolve offers banking and credit products to high‑skilled global citizens relocating to the U.S., using applicants' home‑country credit history to underwrite accounts on day one. The product set today includes checking accounts and credit cards, with plans to introduce loans starting with auto loans and later expanding to personal and education loans. The startup has amassed 750,000 customers since launch and has processed over $1.2 billion in transactions to date. Zolve reported $25 million in net revenue last year. The company aims to expand geographically, planning to enter Canada by July or August and the UK and Australia the following year. Longer term, it intends to build a connected financial network to serve users moving between Western and Asian markets. Zolve offers banking and credit products for immigrants, including the Zolve Debit Card, Zolve Credit Card and Zolve Azpire Credit Card, with accounts issued by Community Federal Savings Bank. The platform has attracted around 500,000 users since its inception and has facilitated more than $600M in transactions. Led by founder Raghunandan G, the company positions itself to expand its financial services internationally. Zolve plans to use new financing to grow across the UK, Canada and Australia. The cards and accounts are issued and offered by Community Federal Savings Bank, Member FDIC. The company previously raised $15M in a seed round and a subsequent $40M raise in October 2021. Zolve is a Bangalore-headquartered neobanking startup focused on helping immigrants gain access to U.S. financial services. Its core product is a credit card, complemented by a local bank account and debit card, with Zolve underwriting risk so partner banks can offer services without security deposits. The startup rolled out its credit card to 2,000 customers and has a waiting list exceeding 70,000, with customers widely using the product and paying on time. Customers have deposited about $2 million into Zolve accounts and are often using them as primary bank accounts. The company has grown headcount from five earlier this year to roughly 100 and plans to hire 150 more people. Zolve plans to expand offerings to immigrants from several additional countries early next year. Zolve is a neobanking platform aimed at individuals moving from India to the U.S. (and vice versa) that works with banks in both countries to provide seamless access to financial products. The startup underwrites the risk for partner banks, enabling customers to open accounts and obtain services as if they were banking with a national institution. Beyond basic banking, Zolve lets customers in India buy U.S.-listed shares and purchase cryptocurrency from exchanges based in the U.S. or Europe. The company is headquartered in San Francisco and Bangalore and was founded by Raghunandan G, who previously started TaxiForSure. Zolve has amassed more than 5,000 customers and has revenue-sharing arrangements with its banking partners. Because it onboards customers in India while generating much of its revenue from U.S. partners, the company says it is already operating on a profitable model.

Participated · Series A · Jun 2024

Crossover Markets builds and operates CROSSx, one of the industry’s first execution-only electronic communication networks (ECNs) for spot cryptocurrency trading. The platform offers single-digit-microsecond matching, anonymous and disclosed bilateral liquidity pools, advanced order types and FIX connectivity designed for high-frequency and algorithmic strategies. Since launch, CROSSx has processed more than $50 billion in notional volume across 12 million trades and now supports nearly 100 live institutional participants. Headquartered in Wilmington, Delaware, the company positions itself as a neutral execution layer that eliminates conflicts of interest common on centralized exchanges. With its new capital, Crossover plans to enhance the CROSSx technology stack, expand global operations and deepen integrations with institutional partners such as Tradeweb. Management believes the collaboration with Tradeweb will extend the firm’s global distribution and embed traditional electronic-trading standards into digital assets. The firm’s growth strategy centers on servicing the rapidly converging traditional-finance and crypto markets while maintaining best-in-class speed, transparency and execution quality.

Participated · Equity · Mar 2017

Carro runs a technology platform that lets consumers and dealerships across Southeast Asia buy and sell used cars online while offering ancillary services such as insurance, financing and post-sale support. Headquartered in Singapore, the company is active in Singapore, Malaysia, Indonesia, Thailand, Japan, Taiwan and Hong Kong. Management says the fresh capital will be used to boost the presence of Japanese plug-in hybrid electric vehicles across the Asia-Pacific region. Carro is evaluating further international expansion into Australia and is exploring a dual public listing, including a potential U.S. IPO that sources say could value the company at more than US$3 billion. Such a listing would be the largest Southeast Asian debut in the United States since 2017, highlighting Carro’s scale and regional dominance. The business is already backed by prominent investors such as Temasek and SoftBank Group. Carro positions itself as a full-stack automotive commerce player, monetizing through vehicle transactions as well as financial and after-sales services.