Participated · Equity · Jan 2024

Bharatsure offers an IaaS platform for insurance distributors, banks, agents, and licensed brokers to distribute group insurance and healthcare products and support embedded insurance use cases. The platform provides end-to-end assistance including partner sourcing, product pricing, payments, operations, and claims handling, with a strong emphasis on group health insurance. Bharatsure says it has partnered with over 500 organizations and impacted more than 150,000 lives, and aims to secure the rights of 1 crore Indians within the next two years. The company will use the new funds for marketing, team growth, and product development. Bharatsure was co-founded by Anuj Parekh and Sanil Basutkar in May 2021 and is based in Mumbai. Bharatsure is a group-insurance insurtech that provides a technology-first platform for distribution of tailored group benefits. It offers white-labelled dashboards and integrations with insurers, TPAs, healthcare providers, and HRMS systems to centralise operations. The platform’s pricing engine lets partners generate instant quotes from a range of insurers to improve sales efficiency and accuracy. Bharatsure targets licensed brokers, agents, banks, and institutions as channel partners and supplies customizable, partner-branded technology. The company says it aims to democratise group insurance across India and increase insurance penetration for millions without coverage. In 2022 it raised $1.2 million in capital investments and has launched India’s first flexi top-up insurance in collaboration with ManipalCigna Health Insurance.

Led · Series A · Jul 2023

Ronin Wines produces mead (Moonshine Meadery) by fermenting honey with a variety of fruits, spices and distinctive honeys such as multifloral and orange blossom. The company was co-founded in 2016 by Nitin Vishwas and Rohan Rehani and is based in Pune. Ronin experiments with ingredients including coffee beans, guavas, apples, chillies and kaffir lime to create varied flavor profiles aimed at different tastes. It currently distributes to states and territories including Maharashtra, Karnataka, Assam, Rajasthan, Goa, Himachal Pradesh, Haryana and Silvassa. Ronin raised $675k in a pre-Series A round and plans to use the funds to promote better beekeeping techniques and to improve sales and distribution. The business emphasizes ingredient innovation and expanding its market reach across multiple Indian states.

Led · Series A · Jun 2022

Lemme Be is a period care brand focused on sustainable products and engaging directly with menstruators to curate solutions and create a safe space for sharing period journeys. The company says the period-care category in India lacks research, open conversation and habit shifts toward sustainable options, and positions its products and community work to address those gaps. Management plans to use funding to expand internationally to Dubai, the US and Australia, and to invest in research and new product development. The startup will also increase marketing spend and build a larger team to support channels. Lemme Be targets to close the financial year with a turnover of ₹30 crore and says it expects to break even at scale within the next 12 months. The company is led by CEO and Founder Devidutta Dash, with Vinod Abrol serving as COO and CFO. Lemme Be is a period-care brand that commenced operations in 2020 and is headquartered in Hyderabad. Its core product lineup includes pads, tampons, pantyliners, menstrual cups and its Z-disc — a period-care disc that provides up to 12 hours of protection. Products are sold online via the company website and major e-commerce platforms including Amazon, Flipkart, Myntra, Nykaa, Snapdeal and Meesho. The company reports rapid growth of 100% month-on-month and has expanded its team from six to over 35 employees. Lemme Be positions itself as an all-inclusive, Gen Z-focused brand prioritizing affordable, sustainable and comfortable period-care solutions, and says its range is expanding. Leadership highlighted investor support in the Seed round and signaled continued product and brand expansion ahead.