The Venture Codex Logo

The Venture Codex

India SME Investments

13th Floor, No 1302, Naman Midtown B Wing, Elphinstone Road, Mumbai, Maharashtra, 400013, India

Overview

Private equity fund investing in early-growth SMEs.

Founded

2018

Deals · 12mo

2

Links

WebsiteLinkedIn

Stage focus

—

Geographic focus

India

Sector focus

—

Investment portfolio

7rounds
NAMEDATESIZE
Bonkers Corner
Mar 2026Led
$10 MSeries A
Mantra Group
Nov 2025Led
$14 MOther Equity
SBL Energy
Feb 2024Participated
$39 MOther Equity
Simpolo Ceramics
Sep 2022Led
$66 MOther Equity
Kushal's
May 2022Participated
$11 MOther Equity
Smartcoin
Jul 2021Participated
$11 MDebt
KreditBee
Jun 2021Led
$8 MOther Equity
Bonkers Corner
Mar 2026Led
$10 MSeries A
Mantra Group
Nov 2025Led
$14 MOther Equity
SBL Energy
Feb 2024Participated
$39 MOther Equity
Simpolo Ceramics
Sep 2022Led
$66 MOther Equity
Kushal's
May 2022Participated
$11 MOther Equity
Smartcoin
Jul 2021Participated
$11 MDebt
KreditBee
Jun 2021Led
$8 MOther Equity
7
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

India SME Investments: 7 funding rounds are recorded in the selected participation categories.All available history.
India SME Investments: 7 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A10
Other Equity32
Debt01

Monthly Deal Activity

India SME Investments: 7 deals are recorded across 65 months.All available history.
India SME Investments: 7 deals are recorded across 65 months. All available history
MonthDeals
Jun '211
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

India SME Investments: Fintech is the largest displayed sector by deal count (2 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

India SME Investments: Fintech is the largest displayed sector by deal count (2 deals). All available history
SectorDeals
Fintech2
Enterprise Software2
Manufacturing2
E-Commerce & Retail2
Consumer & Lifestyle2
Networks, Cloud & Communication1
Cybersecurity & Privacy1
AI & Machine Learning1
Clean Energy & Sustainability1
Real Estate & Construction1

Deal Size Distribution

India SME Investments: 7 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

India SME Investments: 7 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M4
$25M-$50M1
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

India SME Investments: India has the largest recorded deal count among the displayed regions (6 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

India SME Investments: India has the largest recorded deal count among the displayed regions (6 deals). All available history
RegionDeals
India6
Australia1
India SME Investments: 8 co-investors are shown, with Motilal Oswal Alternates sharing 2 recorded deals.All available history.

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.

India SME Investments: 8 co-investors are shown, with Motilal Oswal Alternates sharing 2 recorded deals. All available history
Co-investorShared deals
Motilal Oswal Alternates2
MAS1
Motilal Oswal1
Motilal Oswal Private Equity1
Northern Arc1
Radhakrishna Ramnarain1
Synergy Capital1
Vivriti Capital1

Investment Strategy

India SME Investments: Led accounts for 57% and participating for 43% of round participation.All available history.
India SME Investments: Led accounts for 57% and participating for 43% of round participation. All available history
CategoryDeals (count)Share (%)
Led457%
Participating343%
India SME Investments: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
India SME Investments: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead375%
Co-led125%

Team

Adit Dawda

Co-Founder and Director

Mitin Jain

Founder and Managing Director