Participated · Equity · Oct 2025

Founded in 2022, GrowXCD Finance focuses on extending loans to micro, small and marginal enterprises (MSMEs) as well as salaried individuals outside India’s major metros. The company operates 67 branches across Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and Puducherry, using a mix of physical presence and technology to reach underserved borrowers. Management plans to deploy newly raised capital to enlarge its branch network, bolster its lending portfolio and upgrade its tech stack, funding operations for the next 12–18 months. GrowXCD currently manages assets under management (AUM) of about ₹300 crore and is aiming to grow this figure to ₹500 crore by March 2026. Longer-term, the lender intends to open 40–50 additional branches by March 2027 and enter Madhya Pradesh, Maharashtra and Uttar Pradesh. Key shareholder Lok Capital has invested a cumulative ₹93 crore since first backing the firm in November 2023.

Led · Series B · Aug 2025

Seeds Fincap is an NBFC focused on lending to underserved MSMEs. Founded in 2021 by Subhash Chandra Acharya and Avishek Sarkar, the company operates through 120 branches across eight states. It has disbursed over Rs 1,000 crore in loans and manages more than Rs 500 crore in assets. The company reports non-performing assets below 2%. Its approach combines advanced analytics, strong field control, and full-stack digitization to lend responsibly at scale. Seeds plans to expand into new regions, strengthen technology and risk infrastructure, and expand its product suite ahead of a planned Series B. Seeds Fincap is a non-banking financial company that offers customized credit products to small and medium-sized business owners, deploying strict credit assessment and technology to monitor risk and reduce operating costs. Founded in 2021 and headquartered in Gurugram, the lender has expanded to 90 branches across eight states with a focus on Uttar Pradesh, Bihar, Rajasthan, and Haryana. It serves MSMEs with ticket sizes ranging from Rs 1–5 lakh and has built a liability base with more than 35 lending partners including AU Small Finance Bank, Tata Capital, IDFC Bank, Yes Bank, and Vivriti Capital. In three years the company reports a loan book of over Rs 330 crore, having disbursed more than Rs 600 crore and served over 50,000 customers. The business uses technology to assess cash flows, set appropriate rates, and cut operating costs. The recent funding is intended to grow the branch network, improve technology infrastructure, and increase lending capacity. Seeds Fincap is an MSME-focused financial institution that offers customized financial products to small businesses, with an emphasis on risk management and technology-enabled operations. Founded in 2021 by Subhash Acharya and Avishek Sarkar, the company operates through 72 branches across six states. It reports assets under management of INR 212 crore, employs over 700 people, and has facilitated more than 40,000 disbursements totalling INR 340 crore. The firm plans to use new capital to accelerate expansion in existing and new geographies, targeting underserved areas in north and central India. Seeds focuses on financial inclusion for MSMEs through tailored products and grassroots engagement that support local entrepreneurship and job creation. Its operating approach combines technology, hands-on operational management, and a strong focus on credit and risk.

Led · Series A · Nov 2024

Marut Drones, founded in 2019 and based in Hyderabad, develops agricultural drones and related services aimed at improving farm productivity. Its products include the DGCA Type Certified AG365H (used for tasks from fish feeding to pesticide spraying) and a fleet of 750 drones operating across 14 states. The company employs over 200 professionals and is launching 17 drone academies while partnering with Indian research institutions on R&D projects such as direct seeding and crop monitoring. Marut plans to expand its channel partner network, open service centers and Drone-as-a-Service hubs in Tier II and III cities, and foster drone entrepreneurship through hiring and training programs. Management has set a revenue target of INR 1,000 crore over the next five years. The strategy emphasizes both product development and human-capital investment to drive adoption among farmers and address rural operational challenges.

Participated · Series A · Sep 2024

Clean Electric develops and manufactures fast-charging battery packs for electric two- and three-wheelers, with two-wheeler batteries charging in 12–15 minutes and three-wheeler batteries in 20–25 minutes. The company plans to roll out battery packs for four-wheelers in Q1 2025 and for heavy electric vehicles later in 2025. It is scaling manufacturing capacity from roughly 20 MWh currently to a targeted 150–200 MWh annual production by the end of the year. Clean Electric intends to use new capital to expand R&D, including electric car battery packs for fleets and commercial vehicles, and to scale ARR by 8–10X over the next 12 months. The company sells its batteries at a 10–20% premium today but expects the premium to narrow as production scales. It operates across 35 cities in 10 states, has 80 employees, and its founding team includes Akash Gupta, Abhinav Roy, and CPO Ankit Joshi. Clean Electric designs, manufactures, and supports advanced energy storage solutions for mobile and stationary applications, with products that include liquid-cooled batteries for two- and three-wheelers and battery-swapping systems. The company has filed patents for a direct liquid-cooling technology that places cells in 100% contact with coolant, which it says improves safety (fireproof), enables 25-minute charging, and extends life by 1.5x. Clean Electric plans to expand R&D, sales, and operations and to establish a manufacturing plant in Pune with capacity to produce 5,000 battery packs per month. The firm also intends to develop solutions for quicker charging, renewable energy storage, and battery switching, and believes its products can be exported to markets in the global south. Clean Electric was founded in 2020 and positions its technology as addressing EV safety, charging time, and battery-life concerns that affect EV adoption in India. The company raised fresh capital in the seed round noted below to support these initiatives.

Led · Series A · Aug 2023

SuperBottoms is a sustainable baby and mom care brand founded in 2016 that offers cloth diapers, potty training pants, kid's clothing and recently launched MaxAbsorb Period Underwear. The company emphasizes eco-friendly, parent-led product design and is run by a core team of parents, 90% of whom are mothers. It claims to serve 20 lakh parents as its customers. SuperBottoms plans to expand its product categories and grow its offline and physical retail presence to connect with customers directly. The company aims to spread awareness about cloth diapering nationwide and broaden its portfolio to appeal to a wider audience. Bollywood actor Alia Bhatt has joined as a brand ambassador and investor, supporting its consumer-facing growth efforts. Superbottoms produces sustainable, 100% reusable cloth diapers that can be washed and reused more than 250 times, aimed at baby skin conditions common in South Asia and nearby regions. The company says its diapers are 75% less expensive than disposable diapers on a lifecycle-cost basis. Superbottoms is led by founder Pallavi Utagi and managed by an all-mothers team; Utagi built the business drawing on more than seven years of experience at Piramal Healthcare and Sanofi plus baby-care research. The brand is the first Indian brand to obtain a safety certificate according to stringent US standards, according to the company. The startup plans to use the latest funding to increase product lines, create awareness about cloth diapers, and expand its distribution network to reach more women and children. Venture Catalysts has provided funding to support those growth plans.