Participated · Equity · Aug 2024

Livpure is a consumer home-wellness company founded in 2012 that sells water purifiers, subscription-based purifiers, air coolers, kitchen appliances, mattresses, and sleep accessories. The company focuses on wellness-focused home products and is expanding into broader home categories. It plans to accelerate category expansion and product development through R&D and innovation, and to enhance its retail presence. Livpure is prioritizing its water-as-a-service offering and eco-friendly sustainable solutions in home and kitchen products. Management says the funding will help make its home solutions more accessible to Indian consumers and support faster innovation. The company received strategic investment to support scaling and reducing the cost of access to clean water.

Participated · Equity · Dec 2021

Practically is an education-technology platform that delivers experiential learning using augmented reality (AR), simulations and three-dimensional videos. The company says its app has reached 1.5 million downloads and has enabled continued experiential learning for 1.5M students since its launch during the first lockdown. Founded in 2018 by Subbarao Siddabattula, Charu Noheria and Ilangovel Thulasimani, Practically focuses on enhancing learning outcomes and empowering teachers. The company will use the new funding to expand operations across India, the Middle East and Southeast Asia, and to enhance marketing, product development and sales verticals. Practically also plans tactical hiring to scale up its business and consolidate its foothold in the edtech sector. Financially, the company has completed multiple rounds and is preparing for a Series B scheduled to begin early next year. Practically is an intelligent, interactive, and immersive learning app for students of classes 6–12 with a focus on STEM learning. It uses immersive videos, interactive augmented reality, and 3D simulations to provide experiential, hands-on lessons and positions itself as the only experiential learning app that brings learning alive. Features include life-like video content, 24×7 seek-help access to subject experts for doubt resolution, live classes, Proton — an AI assistant and study buddy, and Coding++. More than 300,000 students have already benefited from Practically's content. The company says the $4 million pre-Series B proceeds will be used to expand operations beyond Telangana and Andhra Pradesh and to establish a pan-India footprint within 12 months. Practically is a product of 3rdFlix Visual Effects Pvt Ltd and is based in Hyderabad; it also aims to expand into the Middle East and enter the US market in the near future.

Led · Equity · Apr 2019

LivGuard manufactures automotive batteries, inverter batteries and solar batteries as part of its integrated energy storage offerings. Started in 2014 and operating under the SAR Group, the company has built a strong pan-India distribution network and manufacturing footprint. It reported revenues of Rs 1,400 crore and serves India and global markets. The company plans to expand capacity, move into the electric vehicle lithium-battery space, develop new products, and invest in brand and distribution. The recently announced Rs 220 crore investment will be used to accelerate growth across these segments. The SAR Group has a legacy of 30 years, and Grant Thornton advised on the transaction.

Led · Equity · Feb 2018

Colive operates purpose-built co-living communities targeting young professionals and students, leveraging technology to enable community-centred rental housing. The company is expanding via a dedicated PropCo real estate platform managed by Colive, focused on acquiring land and developing flagship communities. PropCo has completed initial land acquisitions in Pune and Bengaluru and has nearly 0.5 million square feet of co-living space under development. Colive is evaluating additional opportunities in Bengaluru, Pune, and Hyderabad and aims to deliver 8–10 flagship developments in the near term. The recent strategic funding and partnership are intended to strengthen Colive’s tech infrastructure, expand market presence, and reinforce its leadership in tech-enabled rental housing across India. The company’s expansion is positioned against a growing co-living market in India, which industry reports expect to reach 1 million beds by 2030 and a potential market size of ₹20,000 crore by the end of the decade. CoLive, owned by CoLife Advisory Pvt. Ltd, converts long-term leased properties into branded, serviced shared-living homes and earns revenue via fixed rentals and property-management fees. The company operates 75 properties in Bengaluru with roughly 3,000 beds and aims to scale to one million managed homes across 25 cities. CoLive recently expanded into Vellore and Coimbatore and plans to enter Trichy, Thanjavur, Madurai and Amaravati in the next quarter. Management says it is on track to reach a 10,000-beds target in the next couple of quarters. The startup plans to use new funding to expand services, strengthen technology infrastructure, and enhance its talent pool. Its stated focus includes addressing student and urban rental demand through technology and strategic planning.