Participated · Series A · Jul 2026

BatX Energies develops proprietary technologies to recover battery-grade materials from end-of-life batteries and manufacturing scrap and to refine those materials for reintegration into supply chains. The company has demonstrated its processes at commercial scale and is already manufacturing and supplying critical raw materials to the market. BatX holds four granted patents with additional patent filings underway, which it cites as a key technological differentiator. It intends to use recent funding to expand recycling and refining capacity, bolster R&D, and accelerate the development of a domestic supply chain for lithium, cobalt, nickel, graphite, and other strategic minerals. The startup emphasizes enabling circular and resilient supply chains and reducing dependence on imported resources as electric mobility and energy storage scale in India.

Led · Seed · Jun 2024

Plus Gold is a Bengaluru-based startup founded in May 2022 by Veer Mishra and Raj Parekh that offers digital gold investments through one-time transactions or Systematic Investment Plans (SIPs). Users can exchange their digital gold investments for real jewellery, while the service aims to remove traditional gold-investment frictions such as storage, purity assurance, and liquidity concerns. The company raised $1.2 million in a seed round led by JITO with participation from several angel and institutional backers. Plus Gold plans to use the funds to upgrade its technological infrastructure, enhance user satisfaction, fortify security, and create AI-driven investment advisory services. A portion of the proceeds will be used to hire engineers, customer-service representatives, and other staff. The startup operates in a crowded online gold-investment market with competitors including Oro Money, Rupeek, Jar, Indfiagold, and major fintechs like PhonePe adding gold-buying features.

Participated · Series A · Jun 2022

Siply operates a micro-savings app that offers individual savings products, including smallcase investing, and partners with corporates to provide micro-loans to employees. The company was founded in 2020 by Sousthav Chakrabarty and Anil Bhat and targets the large underserved Indian saver segment. Since its last fundraise in October, Siply says user accounts have grown to over 6 million. It reported a revenue run rate of $1 million and projects this to grow to $12 million by March 2023. Siply plans to use new funding to drive triple-digit ARPU, offer solutions for specific savings instruments, and become operationally cash-flow positive by the coming year. The company also intends to pursue acquisitions in the savings/fintech space. Siply is a Bengaluru-based fintech micro-savings app that offers frictionless savings via a vernacular approach, digital onboarding, instant withdrawals and a range of investment options. The product also includes a micro-credit lending offering that the company launched recently. Siply says it targets Bharat’s underserved population and claims to cater to 40 crore people. The startup reports rapid traction: in 14 months it reached over 15 lakh users who processed 20 lakh transactions totaling Rs 150+ crore in savings, and its lending product grew to Rs 30 crore in disbursals with 100% repayment. Siply has 37+ large partnerships and is a YCC 2020 Future Stars Startup Competition winner. The company plans to expand to 400+ towns, strengthen team and tech, raise a Series A, and in the next 12 months target one crore users, three crore transactions, Rs 600 crore in savings and over Rs 500 crore in loans disbursed. Siply, operated by Siply Services Pvt Ltd, is a platform-as-a-service that enables micro-savings for users of other platforms. The company was set up in July last year by Sousthav Chakrabarty, Anil Bhat, and Nitin Mittal and is based in Bengaluru. Siply has signed memorandums of understanding with partners including BigHaat, Gig4CE, Pickmywork, and Xoxoday. It raised $1 million in a seed round led by Inflection Point (IP) Ventures. Siply plans to use the capital to expand its team, enhance technological infrastructure, and run pilots with partners. IP Ventures co-founder Ankur Mittal said the market Siply is addressing is largely untapped, giving the company an early-mover opportunity to grow faster.

Led · Equity · Jul 2021

GalaxyCard provides instantly approved digital credit cards aimed at customers who are typically rejected by banks, including blue-collar workers and those with monthly income under Rs 30,000. The startup reports customers in over 700 towns and says its customer base is growing 50% per month, with plans to increase it fivefold within four months. GalaxyCard plans to add more types of cards to serve a wider audience and different customer categories based on financial needs. The fresh funding will be used to scale the business and expand the team to enhance customer experience. Leadership positions the company as a tech-enabled lender using proprietary technology to improve credit access in Tier II and rural India, citing the CMIE estimate of ~200 million blue-collar workers as market context.