Participated · Series A · Feb 2026

Headquartered in Noida, India, Showroom B2B operates at the intersection of merchandising, manufacturing, and technology to streamline the apparel value chain. Its platform offers an end-to-end, design-to-delivery sourcing model that helps organized retailers, brands, and buying houses execute predictable, large-scale orders with improved transparency and cost efficiency. The company emphasizes quality control, timely execution, and data-driven processes to reduce friction between manufacturers and buyers. With its latest capital infusion, Showroom B2B plans to expand manufacturing capacity and deepen partnerships across large enterprises, SMB retailers, and garment manufacturers. Management aims to leverage technology to enhance supply-chain visibility and operational scalability. Although the company has not publicly disclosed revenue or user metrics, the new funds are intended to accelerate growth and solidify its presence within India’s apparel manufacturing ecosystem.

Participated · Debt Financing · Sep 2025

Recur Club operates a platform that uses proprietary AI to collect and analyse data from websites, transaction records and other sources to enable precise underwriting and match borrowers with lenders. The technology evaluates metrics including financial indicators, customer concentration and founder assessments to automate credit evaluation. The company says its platform can shorten the typical SME/startup financing timeline in India from about three months to as little as five days. Recur Club was founded in 2021 by two Indian Institute of Technology graduates. The startup aims to address inefficiencies in India's debt financing market by streamlining lender-borrower matching and underwriting processes.

Participated · Debt Financing · Oct 2024

Udaan operates a B2B marketplace linking manufacturers and wholesalers to small retailers across categories including electronics, groceries, pharmaceuticals, and general merchandise. The company says it serves more than three million small retailers and is estimated to account for roughly 70 percent of India's B2B ecommerce market by volume. Founded in 2016 by three former Flipkart engineers, Vaibhav Gupta became CEO in 2021 while co-founder Sujeet Kumar remains on the board. Udaan has faced recent financial strain, including a default on $170 million in convertible notes that matured on June 30, and has pursued multiple funding rounds to shore up its finances. It raised $75 million in February 2025 and a $114 million Series G in June 2025 that valued the company at under $2 billion, down from a prior $3 billion peak. The company is pursuing a balance-sheet restructuring and new capital to stabilize its finances ahead of an anticipated IPO within the next two years.

Led · Debt Financing · Jan 2024

Founded in 2021 and headquartered in Gurugram by Pratik Tiwari and Subin Mitra, Groyyo operates an AI-driven platform that digitises the entire apparel production cycle from design and costing to production tracking, quality checks and logistics. The company also offers a factory operating software that enables manufacturers to manage production, inventory and finance while giving brands real-time visibility into the manufacturing process. Groyyo reports a supplier network of more than 470 manufacturers and serves over 45 international brands across 10 countries. Recent financing activity includes a $40 million Series A in June 2022 (debt and equity) and $5.4 million in debt in January 2024; it has just closed Rs 90 crore in the first tranche of a Rs 200 crore Series B. The company plans to use new capital to expand its manufacturing network, scale its AI infrastructure and strengthen its technology platform, and to grow its presence in North America, Europe and the Middle East. Management is targeting an annualised revenue run rate of Rs 500 crore in FY26 and aims to hit Rs 3,000 crore in revenue over the next three years while improving profitability.