Participated · Series A · Jun 2024

The Pant Project is a digitally native D2C fashion brand that specializes in custom-made and ready-to-wear pants for Indian body types. Founded in 2020 by Dhruv and Udit Toshniwal, it offers around 250 styles for men and women across formals, chinos, jeans, cargos, joggers, power-stretch knits, linens and wools. The brand moved into ready-to-made pants in 2023 and implemented an omnichannel strategy with sales via its own website, Amazon, Myntra and brick-and-mortar stores. Its own website generates 65% of total revenue, and the company says it has served over 1 lakh customers in the last four years. The Pant Project plans to expand its bottom-wear assortment into more casual and athleisure options and open new retail stores nationwide. The fresh capital will be used to grow the team, enhance technology, expand retail presence and boost brand awareness.

Participated · Equity · Sep 2023

Offline operates an invitation-driven, paid membership platform for top startup founders in India, grouping members into small "pods" of six to eight peers for guided, off-the-record monthly meetings led by executive coaches. Membership requires stringent eligibility—founders must have raised $5M, generated $5M in revenue, or achieved a $10M exit—and candidates undergo interviews and approval by a Membership Advisory Committee. Members pay an annual fee of about $6,000 (₹500,000) plus a one-time fee of $600, and must adhere to a strict privacy agreement and an 80% minimum attendance requirement. Meetings follow a playbook inspired by methodologies such as the Mochary Method and include curated social events, cross-chapter networking, and annual retreats. The platform targets a select few hundred members initially and aims to expand beyond India to markets including Singapore and Dubai.

Participated · Seed · Aug 2023

Hypergro is a Bengaluru-based marketing-technology firm focused on boosting brand revenues and reducing customer acquisition costs by addressing poor return on ad spend (ROAS). The company emphasizes technology and AI to optimize ad spend and break the cycle of high spending with low results. Founded in 2022 by Rituraj Biswas (CEO and head of product), Neha Soman (heads business), Abhijeet Kumar and Arijit Mukhopadhyay, the team aims to make its solutions broadly available to brands. Hypergro says rising customer acquisition costs and weak ROAS are the primary market problems it targets. The startup cites a growing online market opportunity in India, predicted to reach $3.1 billion by 2024. It has raised early-stage capital to scale product and go-to-market efforts.

Participated · Series A · Apr 2023

Celcius operates a cold-chain marketplace providing end-to-end supply chain solutions including transport, warehousing, last-mile and hyperlocal delivery, with a platform for booking, monitoring, real-time updates and data analytics. The company aggregates small reefer vehicles through a last-mile service and uses its 'Vahaan Vikas Yojana' to introduce new assets and create opportunities for smaller transporters. Its hyper-local service transports perishables from 500 gms to 500 kgs nationwide within 18 hours, and it has ventured into cross-border logistics to enable export and import of products such as exotic fruits and seafood. Celcius said it will use the funds to solve the fragmented nature of the cold supply chain and reduce wastage. The company reported 20X growth over the past year and has onboarded customers including Zepto, Zomato, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino's, and Keventers. Financially, Celcius recorded Rs 13.8 crore in revenue from operations in FY22 versus Rs 74 lakh in FY21, while losses widened to Rs 2.22 crore in FY22 from Rs 12 lakh in FY21. Celcius (Celcius Logistics Solutions Pvt Ltd) is an India-based cold-chain aggregator platform founded in 2020 that provides end-to-end cold chain solutions via a SaaS-based marketplace. Its platform enables collaboration among cold-chain entities and targets sectors including dairy, pharmaceuticals, fresh agriculture produce, fruit export, seafood and COVID-19 vaccine distribution. As of the article, Celcius has onboarded 2,500 vehicles, 107 cold storages, and expanded operations to over 150 cities. It has partnerships with financial institutions such as Shriram Transport and Finance Company and with OEMs including Ashok Leyland and Tata Motors. The company plans to use new capital to expand geographically to more than 500 cities in the year and to grow its technology, sales, and operations teams. It also intends to fund development programs to support small-scale and regional transporters across India. Celcius Logistics Solutions Pvt. Ltd. operates a software-as-a-service platform that connects shippers and transporters of perishable cargo across India. Founded in August 2020 by Swarup Bose, Rajneesh Raman, and Arbind Jain, the Mumbai-based startup positions itself as the only domestic aggregator providing end-to-end cold-chain solutions. Its core product is the SaaS marketplace that coordinates movement and management of perishable shipments. The company plans to use new capital for geographical expansion, hiring, and setting up offices in other cities to provide localized services. Financially, Celcius raised $500,000 in a seed round in August 2021 led by Mumbai Angels Network with participation from Huddle, Lumis Partners, and investors from Nigeria, Malaysia, and the United States. No operating metrics (revenue/users) were disclosed in the cited article.

Participated · Equity · Mar 2023

Perfora sells oral-care products including a Smart Electric Toothbrush, SLS-free toothpaste, enamel-safe teeth-whitening pens and powder, smart dental flossers, and alcohol-free probiotic mouthwash. The company says its toothpaste is certified and free of harmful substances and aims to develop safe, toxic-free solutions using advanced technology. Perfora was founded by Jatan Bawa and Tushar Khurana. It recently raised $2.5 million and plans to use the funds to expand its digital presence through platforms that cater directly to consumers and broader markets. The company positions itself to revolutionize oral hygiene for Indian customers and emphasizes safe, efficient formulations. Perfora competes with Sippline, Bamboo India, Daybreak, Buy91 and other consumer goods companies in oral-care categories. Launched in August 2021 by Jatan Bawa and Tushar Khurana, Perfora builds a modern oral care brand focused on clean, performance-driven products. Its portfolio includes probiotic mouthwash, an electric toothbrush, N‑Ha toothpaste, a smart flosser, and a peroxide-free teeth whitening pen. The company sells via its website and marketplaces/channels such as Amazon India, Swiggy Instamart, and Nykaa. Perfora positions itself against incumbents in India’s Rs 15,000-crore oral care market by offering innovative formulations and a fresh brand look. The startup plans to use the seed capital to hire, expand distribution, introduce new oral care solutions, and strengthen brand positioning. No revenue or user metrics were disclosed in the article.