Led · Series D · Dec 2025

Founded in 2015, Validus operates a vertically integrated lending platform that combines supply-chain financing, proprietary credit analytics and institutional capital to extend credit to underserved SMEs across Southeast Asia. The company partners with regional and international banks as well as large corporates to originate and distribute loans. To date, it states that it has disbursed more than US$5 billion in financing and that its Indonesia business has been profitable for the past three years. After divesting its Singapore operations to GXS Bank in April, Validus is concentrating on Indonesia and Thailand, markets it sizes at a combined US$46 billion for supply-chain financing. The firm plans to use fresh capital to scale operations and grow its loan book, projecting a doubling of loan volumes over the next three years. Management believes its integrated model and data-driven credit underwriting position it to drive greater financial inclusion for SMEs. The company’s long-term vision is to deepen its regional presence while maintaining profitability in key markets.

Led · Series E · Mar 2025

Turing supplies engineering talent and generated code to AI companies and enterprises, contributing to LLM training and building generative AI applications. It works with armies of engineers to contribute code to AI projects, including building LLMs for OpenAI and others. The company plans to use the new funding to double down on expanding its business to more customers and more use cases. Originally an HR tech startup, Turing's early platform vetted and hired remote coders and grew during the COVID-19 pandemic. Turing reports about $167 million in ARR and is already profitable, per CEO Jonathan Siddharth. The company is Palo Alto–based, has become a key partner to foundational AI firms, and still generates substantial revenue from its original talent-sourcing business, though Siddharth would not disclose how much. Turing.com operates an automated, data‑driven platform that sources, vets, matches and manages remote software developers worldwide. The platform offers tools for remote communication, timezone management, onboarding, productivity tracking and performance management to control quality after matching. The company reports 180,000 developers on the platform from 10,000 cities and serves customers including VillageMD, Plume, Lambda School, Ohi Tech, Proxy and Carta Healthcare. Turing is led by CEO and co‑founder Jonathan Siddharth and co‑founder & CTO Vijay Krishnan and is based in Palo Alto, California. The company intends to use recent funding to continue developing its platform, enhance automated matching, monitoring and management tools, and increase headcount in engineering, sales and marketing. Turing.com operates an automated platform that sources, vets and manages software engineers from a global talent pool using data science and artificial intelligence. The platform offers a two-week trial period for customers to validate engineering matches and provides tools for remote team monitoring and management. Turing taps 160,000 developers across 140 countries and serves customers ranging from startups to Fortune 1000 firms, including Lambda School, VillageMD, Ohi Technologies, and Nexus Events. Leadership is headed by CEO Jonathan Siddharth and CTO Vijay Krishnan. The company plans to continue developing its automated matching, monitoring, and management tools and to expand headcount in sales, engineering, and marketing.

Led · Series D · Jan 2024

Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 850 outlets across more than 90 cities under brands including Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. The company reported revenue of Rs 470 crore in FY24 (up 13% from FY23) and losses of around Rs 114 crore; it says revenue rose over 30% to about Rs 640 crore in FY25 and expects Rs 850 crore in FY26, targeting Rs 1,200 crore by 2027. Wow! Momo has diversified beyond its core QSR business, with its FMCG arm having crossed Rs 100 crore in revenue. The company has raised over $140 million to date, including a $42 million Series D led by Khazanah Nasional in January 2024, and last year secured roughly Rs 300 crore across multiple equity and debt rounds. Management plans to accelerate store expansion while using recent capital for refinancing, corporate purposes, and growth investments.

Participated · Series B · May 2023

Bolttech provides embedded insurance solutions that integrate protection products into the customer purchase experience via a B2B2C model. The company acts as connective tissue between insurers, distribution partners and end customers, enabling insurance to be surfaced at the point of sale. It says it connects about 700 distribution partners with more than 230 insurers and covers over 6,500 products worldwide. Bolttech reports total annualized premiums of approximately $60 billion as of April, up from around $55 billion in May 2023. The startup plans to use new funding to boost R&D and improve its insurance technology, with particular focus on data analytics and AI. It also intends to expand further into Africa and North America and has struck a joint venture with Sumitomo to offer embedded insurance and end-to-end services in Asia. bolttech is a Singapore-based insurtech that builds a technology-enabled ecosystem for protection and insurance, with a particular focus on emerging consumers. The company serves customers in 30+ markets across North America, Asia and Europe. Led by Group Chief Executive Officer Rob Schimek, bolttech aims to expand its platform and ecosystem through technology. It received a $50M investment from LeapFrog Investments as an extension of its Series B, bringing the round to a total of US$246M. Proceeds will be used to support a global growth strategy focused on emerging markets and to expand its technology-enabled protection and insurance offerings. As part of the deal, bolttech will appoint Fernanda Lima of LeapFrog to its board as a Non-Executive Director. Bolttech offers embedded insurance via a B2B2C platform that connects more than 700 distribution partners with 230 insurance providers to offer roughly 6,000 products, including device protection as a flagship product. Its customers include Liberty Mutual, PayMaya, Progressive, Lazada, Samsung and Home Credit, and it holds licenses across Asia, Europe and all 50 U.S. states. The company quotes about $55 billion of annualized premiums and employs around 1,500 team members globally. Bolttech sells both white‑labeled and co‑branded protection products and enables insurance marketplaces inside partner apps such as JKOPay and Maya. The company intends to use recent funding to invest in proprietary technology and to pioneer AI/ML across the insurance and protection value chain, including computer vision, generative AI/NLP, advanced analytics and robotic automation. It also plans enhancements to its distribution technology, purchasing experiences, quoting engines, claims automation, fraud detection and inventory management. bolttech is a Singapore-based insurtech that provides a suite of digital and data-driven capabilities to connect insurers, distributors, and customers. Led by CEO Rob Schimek, the company aims to make it easier and more efficient to buy and sell insurance and protection products. bolttech has built a global footprint serving more than 7.7 million customers in 26 markets across North America, Asia, and Europe. The company completed a Series A round initially announced at US$180M and raised an additional US$30M as an extension, bringing the Series A total to US$210M. New strategic investors include Singapore-based EDBI and Mundi Ventures’ Alma Mundi Insurtech Fund alongside lead investor Activant Capital Group. The additional capital will be used to enhance technology and digital capabilities and to strengthen bolttech's presence in Southeast Asia, Europe, and its other existing markets. Led by CEO Rob Schimek, bolttech provides a full suite of digital and data-driven capabilities to power connections between insurers, distributors and customers. The company operates an insurance exchange that transacts US$5 billion in premiums and offers a gateway to more than 5,000 products and 150 insurance providers. bolttech has built a global presence serving more than 7.7 million customers across 14 markets in North America, Asia and Europe, and holds licenses in all 50 U.S. states and key markets in Asia and Europe. The company says it will use new funding to accelerate its growth strategy and solidify its market position. Its leadership and board include Peter Hancock, Robert Kyncl and Malcolm Turnbull.

Led · Equity · Apr 2023

Xpressbees is a Pune-headquartered logistics company offering end-to-end delivery and supply-chain solutions for e-commerce and other industries. It works with more than 1,000 clients, including Paytm, Meesho, Lenskart, Xiaomi and NetMeds, and has a presence in over 2,000 cities and towns. The company processes more than 2.5 million orders per day and reported revenue of about $300 million for the financial year ending March while remaining loss-making. Xpressbees began within FirstCry in 2012 and became an independent company in 2015 under co-founder and CEO Amitava Saha, alongside Supam Maheshwari. The firm operates an asset-light model and is positioning for growth; observers and investors say the latest investment signals readiness to pursue an initial public offering within a year to two. Its cumulative funding is approximately $680 million and its investor base includes Khazanah, TPG, Alibaba and Blackstone. Xpressbees is an Indian third-party logistics unicorn. The company said it has secured a $40 million investment from Malaysia’s sovereign wealth fund, Khazanah Nasional. The transaction was announced in a company statement. The article identifies Khazanah Nasional as the investor and does not list other participants. No further financial metrics, terms of the investment or use of proceeds were disclosed in the article. Xpressbees provides end-to-end logistics services including last-mile delivery, 3PL, B2B logistics, and cross-border operations. The company emphasizes technology-driven platforms and a scalable, asset-light operating model with a seamless last-mile management system. Xpressbees operates across 3,000 cities, services over 20,000 pin codes, delivers more than 1.5 million packages per day, has over 100 hubs, 10 lakh sqft-plus warehouse capacity, and serves 52 airports. Management reports a near 100% year-over-year revenue growth. The capital from the Series F is earmarked to evolve the business into a full-service logistics organization, support growth, product development, and hiring talent. Xpressbees positions itself as a trusted logistics partner for India’s growing e-commerce market. Xpressbees operates a delivery and logistics network serving more than 1,000 customers, including Paytm, Meesho, Lenskart, Xiaomi, NetMeds and Snapdeal. It has a presence in over 2,000 cities and towns and processes more than 2.5 million orders a day, up from about 600,000 daily orders the prior year. The company employs over 30,000 delivery staff and supports large e-commerce volumes across India. Xpressbees began inside FirstCry in 2012 and became an independent company in 2015. The startup plans to use new capital to further automate its hubs and sorting centres and expand its delivery footprint to cover the entire country. Financially, it has attracted institutional capital and is scaling operations as online shopping grows in India. XpressBees operates a logistics network offering last-mile delivery, reverse logistics, real-time tracking and multiple payment collection options for clients such as Paytm, Flipkart, Snapdeal and Reliance. The company reports delivery reach to more than 10,000 pincodes with 53 hubs and over 1,300 service centres. Founded by Amitava Shah and Supam Maheshwari and spun out of FirstCry, XpressBees is operated by BusyBees Logistics Solutions. The startup plans to use the new capital for growth and expansion of its business. Prior to this round it had completed six funding rounds totalling $157.6 million and is also backed by debt capital firm InnoVen Capital. XpressBees has a history of institutional backers including SAIF Partners, Paytm, Valiant Capital, Chiratae Ventures, Vertex Ventures and IDG Ventures.