JM Financial
7th Floor, Cnergy, Appasaheb Marathe Marg, Mumbai, Maharashtra, 400025, India
Overview
JM Financial is an integrated financial services group, offering a wide range of services to a significant clientele that includes corporations, financial institutions, high net-worth individuals and retail investors. The Group has interests in investment banking, institutional equity sales, trading, research and broking, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking, NBFC (Non Banking Finance Company) activities, private equity and asset reconstruction. While each of these businesses is independent in itself, they share the Group’s belief of trust being the most important factor for the organisation. The values of integrity, teamwork, innovation, performance and partnership shape the corporate vision and drive it to its purpose.
- Total investments
- 8
- Lead investments
- 4
- Investments · 12mo
- 5
- Active investors
- 6
Sector focus
- Asset Management
- Banking
- Crowdfunding
- Finance
- Financial Services
Investment portfolio
- Mensa Brands
Led · Debt Financing · Apr 2026
Founded in 2021, Mensa Brands acquires and scales digital-first direct-to-consumer brands across categories such as fashion, home, beauty, and food. The company reports approximately ₹1,500 crore in FY25 revenue and says it has achieved adjusted EBITDA profitability and positive operating cash flow. It is targeting an FY26 exit run rate of ₹1,700–1,800 crore. Mensa operates in over 16 international markets, including India, the US, Canada, the Middle East, and Europe, and is exploring expansion into Southeast Asia. The business recently shifted its domicile from Singapore to India and will be renamed Mensa Brand Technologies Limited as it prepares for a public listing. Its growth strategy centers on platform-led scaling and portfolio aggregation of digital-first brands.
- BigHaat
Led · Series C · Nov 2025
BigHaat operates a full-stack agritech marketplace that combines data-led crop advisory with distribution, marketing, and operational support for farmers. Through its platform, growers can access guidance on seed selection, pest management, and fertilization while purchasing inputs such as seeds, pesticides, fertilizers, farm equipment, and crop growth promoters. The company surpassed Rs 1,000 crore in revenue in FY25 and reports improving profitability. Co-founder Sateesh Nukala recently stated that BigHaat is targeting Rs 1,400 crore in revenue by the end of the current fiscal year. To sustain this growth, the firm plans to channel new capital into working-capital needs, capital expenditures, and general corporate purposes. Since inception, BigHaat has secured roughly $26 million in funding, with backers that include JM Financial, Beyond Next Ventures, Ankur Capital, and several prominent angel investors. The platform positions itself as a one-stop shop for both agronomic intelligence and the procurement of essential farm inputs, aiming to deepen penetration across India’s farming communities.
- Raise Financial Services
Participated · Series B · Oct 2025
Raise Financial Services is a fintech holding company founded in 2021 by Pravin Jadhav. It operates a suite of platforms for money management, investing education, media, and research, including Dhan (a stock trading platform), Upsurge.club (a stock market learning platform), Filter Coffee (a business insights media platform), and Fuzz AI (a financial research assistant). The company is headquartered in Mumbai. In May 2024 it raised a $120 million Series B led by Hornbill Capital alongside several institutional and venture investors. The articles do not report revenue, user counts, valuation, or specific use of the new capital. No prior funding round details were provided in the source material.
- Rice Parent Co
Participated · Series B · Oct 2025
Rice Parent Co is a Mumbai-headquartered fintech founded in January 2021 by Praveen Yadav, Alok Pandey, J. Prakash Gupta and Runak Rathi. The company’s core offering is a high-speed, reliable stockbroking platform serving Indian retail investors. Its product suite also includes ScanX, which delivers market insights, and two planned financial-education platforms, Upsge and Filter Coffee. Rice Parent Co has trained an AI model on large financial data sets to enhance the information it provides to users. Management credits a product-first culture and strong technology focus for the firm’s rapid, profitable growth in less than four years. After raising a $120 million Series B, the company reached a valuation of about $1.2 billion, giving it fresh capital to expand further into investments, AI and broader financial-services offerings.
- WeWork India
Participated · Equity · Oct 2025
Founded in May 2016 and headquartered in Bengaluru, WeWork India provides a range of flexible workspace solutions under the global WeWork brand. Its portfolio spans 59 operational centres with 94,440 desks across 6.48 million square feet of leasable area as of September 30 2024. Management states the business is now self-sustaining, having invested heavily in infrastructure over the past eight years and recently using internal funds to pay down debt. Current cash generation is sufficient to fund ongoing operations and further expansion, so the company is not seeking primary capital in its IPO. Instead, the listing is intended to provide liquidity and position the company for future growth opportunities using existing resources. WeWork India benefits from affiliation with WeWork Global, which operates in 35 countries and roughly 600 locations worldwide, augmenting brand recognition and enterprise customer acquisition.