MGA Ventures
3rd Floor, 308, Vikas Building, 11, N G N VAIDYA MARG, Fort, Mumbai, Maharashtra, 400001, India
Overview
MGA Ventures is a single-Family Office of the Ashra Family focus on public & private equity investments, venture debt & business collaboration opportunities in India & abroad, through investments in public market funds, private market funds and direct investments in unlisted enterprises.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Trackk
Participated · Seed · Aug 2025
Trackk is building a New-Gen trading platform. Designed for speed, precision, and simplicity. From faster trading to insightful analytics, we’re reimagining how the new generation connects with wealth and opportunities.
- The Pant Project
Participated · Series A · Jun 2024
The Pant Project is a digitally native D2C fashion brand that specializes in custom-made and ready-to-wear pants for Indian body types. Founded in 2020 by Dhruv and Udit Toshniwal, it offers around 250 styles for men and women across formals, chinos, jeans, cargos, joggers, power-stretch knits, linens and wools. The brand moved into ready-to-made pants in 2023 and implemented an omnichannel strategy with sales via its own website, Amazon, Myntra and brick-and-mortar stores. Its own website generates 65% of total revenue, and the company says it has served over 1 lakh customers in the last four years. The Pant Project plans to expand its bottom-wear assortment into more casual and athleisure options and open new retail stores nationwide. The fresh capital will be used to grow the team, enhance technology, expand retail presence and boost brand awareness.
- Vegapay
Participated · Seed · Aug 2023
Vegapay offers a lending tech stack and a card management platform that helps banks, NBFCs and fintechs launch and manage configurable card and credit-based products quickly. Its platform supports credit, debit, prepaid, and forex cards as well as credit-on-UPI-based solutions. The company also provides Loan Origination Systems (LOS), Co-lended Loan Management Systems (Co-LMS), and Loan Collection Systems (LCS). Vegapay targets speed, scale, and innovation to help clients deliver financial services. Following its seed raise, the company plans to hire developers, designers, and engineers and to enhance its product suite. It is also focusing on product development and regulatory compliance updates. Vegapay is building a tech stack and card management system that enables regulated entities as well as fintechs to issue cards and lending products in India. The company is developing a microservice-driven issuance stack intended to let issuers integrate and launch lending products tailored to different consumer cohorts. Co-founded in October 2022 by Gaurav Mittal (Ex-Zeta), Himanshu Agrawal (Ex-Amazon), Puneet Sharma (Ex-BharatPe) and Abhinav Garg (Ex-Podeum), Vegapay is based in Gurgaon. The startup raised $1.1M in pre-seed funding to support product and technology development. Vegapay intends to use the funds to further develop its technology to make frontline adoption easier for both institutions and non-institutions. The product roadmap is focused on increasing card and lending penetration across consumer segments in India.
Team
No current team members are available.