Participated · Series C · Apr 2020

Founded in 2015, Bira 91 brews craft beers such as Bira Blonde and Boom IPA and commands about 70% of India’s premium beer market. Its products are distributed in more than 500 cities through 25,000 on-trade outlets and online platforms like Amazon and Swiggy. In FY25 the company generated ₹1,050 crore (≈$125 million) in revenue while reducing losses to ₹150 crore, and it currently produces roughly 8 million cases annually. Management plans to triple capacity to 24 million cases by 2027 by adding new breweries in Karnataka and Uttar Pradesh. International expansion is a priority, with planned launches in New York, California, Singapore, and Thailand. Bira 91 also leverages partnerships with Kirin Holdings and Amazon Pay to extend distribution and digital sales. The company is targeting breakeven and approximately ₹2,500 crore ($300 million) in revenue by 2027 ahead of a planned IPO.

Participated · Series B · Dec 2019

StradVision develops AI-based vision processing software (SVNet) for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles, with deployments on various vehicle models in partnership with OEMs. The company intends to use its newly raised capital to accelerate growth and expand operations. Led by CEO Junhwan Kim, StradVision reports more than 300 employees across offices in Seoul, San Jose, Detroit, Tokyo, Shanghai, Friedrichshafen, and Dusseldorf. Financially, the company closed an $88M Series C and has $129M in cumulative funding from seed through Series C. Its technology powers ADAS and autonomous vehicle perception worldwide. The company is positioned as an automotive-industry pioneer in AI-based vision processing. StradVision builds deep learning–based vision processing software for advanced driver-assistance systems (ADAS) and autonomous vehicles. The company positions its camera software as an enabler of next-level vehicle autonomy and mainstream ADAS implementations. StradVision says its solution will support millions of SUVs, sedans, and buses on the road soon. Its software is reportedly attracting leading automakers and suppliers. To accelerate expansion and cooperation, StradVision entered a strategic partnership with AISIN Group via a Pegasus Tech Ventures–managed fund. The company intends to leverage that partnership to meet growing demand for driver-assistance technologies and broader deployment of its camera solutions. StradVision is a Seoul-based developer of vision processing software for autonomous vehicles and ADAS, led by CEO Junhwan Kim. Its core product is SVNet, a deep learning-based software suite that enables lane detection, traffic light and sign detection/recognition, object detection, and free-space detection. The company has multiple mass-production projects ongoing in China and Europe with global OEMs and Tier 1 suppliers. StradVision expects millions of vehicles — including SUVs, sedans and buses — to run its software by 2021. It currently employs more than 105 people across the United States, Germany, Korea and Japan. The company intends to use the new funds to continue developing its products. StradVision develops deep learning–based camera image detection software that recognizes pedestrians and reads text on road signs. Its front-detection technology is described as top-notch, able to detect distant and overlapping objects and distinguish between vehicles, pedestrians, and bicycles. The software can analyze movement patterns and pedestrian posture to predict situations in advance and is claimed to use a high-efficiency algorithm optimized for vehicles. The company holds 14 patents, including methods for rapidly reading text in images, fast parallel data processing, and detection-accuracy enhancements; 10 of those patents are registered in the U.S. Founded in 2014, StradVision is an ICT firm whose majority of employees hold master’s or doctoral degrees. The company recently received an equity investment of 8 billion KRW from Hyundai Mobis to collaborate on developing deep learning cameras and pursue commercialization (the article notes commercialization is expected in 4–5 years and Hyundai Mobis aimed to develop a deep learning–based camera by 2020).

Participated · Series C · Dec 2019

HungerBox provides management services to companies and institutions to run and improve in‑house cafeterias and canteens, including an app to connect clients with food partners and real‑time order updates. The company supplies point‑of‑sale machines, offers insights into catering quality, and enables scheduled delivery and order tracking to reduce queues. Its solutions are deployed in over 535 cafeterias across sectors including IT, retail, healthcare, aviation, education, financial services and manufacturing. HungerBox says it has amassed more than 126 large businesses and institutions across 18 Indian cities, processes 560,000 orders per day (growing ~10% monthly), and reports annual food sales exceeding $100 million. The startup employs about 1,500 people. It plans to use new capital to expand into 10 additional Indian cities and enter markets in Southeast Asia. HungerBox offers an end-to-end platform for corporate food and F&B needs with four products: online cafeteria, catering, food court and e‑services. The company operates an asset‑light model with over 160 digital cafeterias and more than 75 corporate clients, including Qualcomm, Microsoft and FirstSource. It processes over six million orders a month, employs about 400 staff across India, and uses IoT to connect vendor hardware and employees. HungerBox generates revenue via commissions, charging roughly 10% of overall food sales from vendors, and the company says it is operationally profitable. The firm is promoted by Growth Story and was founded by Sandipan Mitra and Uttam Kumar. Management plans to use fresh capital to expand further across India and into Southeast Asian markets. HungerBox operates an end-to-end platform servicing corporate F&B needs with four product lines: online cafeteria, catering, food court and e-services. The company runs over 100 digital cafeterias and serves more than 75 corporate clients, including Qualcomm, Microsoft and FirstSource. It reports processing 200 orders a minute and claims more than 120,000 daily orders, with a target to scale to 500,000 daily orders by the end of 2018. Employees access services through employer reimbursement benefits. HungerBox has expanded into multiple Indian cities including Bengaluru, Mumbai, Pune, Delhi NCR and Hyderabad. The company was incorporated in early 2016. HungerBox operates an end-to-end, full‑stack digital cafeteria management platform that lets employees order from enlisted food vendors via mobile and gives corporate admin teams real‑time tracking of F&B operations. The service bundles four solution categories into a single offering and is operated by Eat Good Technologies Pvt Ltd and promoted by GrowthStory. The company runs operations across Bengaluru, Mumbai, Pune, Delhi NCR, Hyderabad, Chennai and Jaipur, operating more than 100 digital cafeterias for over 75 corporate clients including Qualcomm, Microsoft, Accenture, Capgemini, Genpact, ABB, Amazon and McKinsey. HungerBox has a ~200‑member team and reports nearly seven million orders to date and about 120,000 daily orders, with a stated target of scaling to 500,000 daily orders by end‑2018. The platform’s funds will be used to extend its full‑stack offerings to all eight cities and to deepen operations in existing markets.

Participated · Series B · Dec 2018

Ninjacart operates as a full-stack fresh-produce company and serves as a multi-city strategic supplier to several quick-commerce and retail players. The company says it has turned EBITDA-profitable after improving margins through category and channel mix adjustments and moving backwards on the sourcing side. Ninjacart also reports leveraging technology and data to minimize wastage and reduce supply-chain costs. It lists investors including Walmart, Flipkart, Accel, Tiger Global, Nandan Nilekani, Syngenta Group Ventures, and Steadview Capital. Management has begun preparations for a public listing over the next two years. The company frames its recent fundraising and profitability as positioning it on a credible path toward that IPO timeline.

Participated · Series B · Nov 2018

Mech Mocha Game Studios is a Bengaluru-based mobile gaming startup focused on vernacular, conversation-driven social games. Its flagship product HelloLudo is a digital mobile version of Ludo built around in-game conversations. The company plans to use new funding to develop multiple vernacular gaming products initially targeting Hindi speakers and later expanding to other local languages. HelloLudo has surpassed 500,000 Android installs and the platform is generating roughly 15 million minutes of conversation per month. For FY 2017–18 the company reported a four-fold rise in gross revenues to Rs 60.96 lakh from Rs 13.94 lakh. Co-founder and CEO Arpita Kapoor said the business is closing the targeted sum soon and will deploy capital toward product development and expansion. Mech Mocha is an India-based mobile gaming firm that develops games for mobile devices. The company has raised $5 million in a Series A funding round. The round was led by Accel Partners and Shunwei Capital. Existing investor Blume Ventures also participated in the latest round. The article does not disclose product details, user metrics, revenue, or specific future plans. No other financial terms or past-round amounts were reported. Mech Mocha is a mobile gaming studio that builds games for children (age 6–15), youngsters and homemakers in urban and semi-urban India. Its first title, Puppet Punch, reportedly hit 100,000 downloads in its first four days and the company says that game is seeing about $1,000 a day in transactions. The firm recently launched Chhota Bheem - Himalayan Adventure after acquiring exclusive rights tied to the movie. Mech Mocha plans to build a back-end platform with social and payment solutions and is working on an ethnographic intelligence framework to quickly localize games for different Indian regions. The company says it will go hyperlocal over time and targets 50 million active users in the next two years. Mech Mocha was launched in 2014 by Arpita Kapoor and Mohit Rangaraju; Kapoor is the CEO. Mech Mocha was founded by IIIT Gwalior graduates Arpita Kapoor and Mohit Rangaraju and focuses on character-led, colorful, fast-paced casual free-to-play games. The studio uses a distributed collaboration model of artists, sound designers and animators who work remotely and share in game profits, which the founders say enabled production at roughly one-fifth the normal cost. Its first title, Puppet Punch, is about to launch after positive traction in tester groups, with kids and teens identified as the target market. The development team for Puppet Punch has six collaborators and two employees. The studio has generated buzz at events in Amsterdam and Chartboost University, and Arpita received a prominent female developer award from the Casual Games Association. Mech Mocha participated in the iAccelerator batch and has raised angel funding to support its launch.