Participated · Equity · Oct 2025

Orkla India, formerly known as MTR Foods, is a multi-category packaged food manufacturer best known for its MTR, Rasoi Magic and Eastern spice and condiment brands. The company’s portfolio spans spices, masalas, ready-to-eat meals, sweets and breakfast mixes that are distributed across India. In anticipation of a stock market listing scheduled for 6 November, Orkla India is conducting a ₹1,667 crore initial public offering that is structured entirely as an offer for sale by its existing shareholders. At the top end of the ₹695–730 price band, the IPO would value the business at about ₹10,000 crore. Current promoters Orkla Asia Pacific Pte Ltd and Orkla ASA together hold 90 % of the shares, while Navas Meeran and Feroz Meeran each own 5 %. Because the IPO does not include a fresh issue, the company will not receive proceeds; however, the public listing is expected to enhance its market visibility and provide liquidity to existing backers. Ahead of the IPO, the company completed a ₹499.6 crore anchor placement to a mix of domestic and foreign institutional investors.

Participated · Equity · Oct 2025

Lenskart operates as a multi-category eyewear retailer, offering prescription eyeglasses, sunglasses and contact lenses under its own brand. The company caters to customers looking for affordable and stylish vision-care products. In preparation for its public listing, Lenskart has set an IPO price band of ₹382–₹402 per share. Ahead of the IPO, it has already secured significant capital through an anchor allocation, reflecting institutional confidence in the business. While detailed revenue or user metrics were not disclosed, the sizable anchor book suggests robust market interest and expectations for continued growth. The upcoming IPO will provide additional capital for expansion and operational initiatives once the public issue is completed.

Participated · Equity · Aug 2025

JSW Cement operates manufacturing facilities at Vijayanagar (Karnataka), Nandyal (Andhra Pradesh), Salboni (West Bengal), Jajpur (Odisha) and Dolvi (Maharashtra), and through subsidiary Shiva Cement runs a clinker unit in Odisha. The company is raising capital via a public issue comprising a fresh issue of up to ₹1,600 crore and an Offer for Sale of up to ₹2,000 crore, with the issue price fixed at ₹147 per equity share. JSW Cement plans to use ₹800 crore of the fresh-issue proceeds to build a new integrated cement plant in Nagaur, Rajasthan, and ₹520 crore for debt repayment, with the remainder for general corporate purposes. The IPO had an anchor allocation of 7.35 crore equity shares at ₹147 each, and the public issue will close on August 11. Fifty-two financial institutions participated as anchor investors in the allocation. The company’s near-term capital actions are focused on funding expansion and reducing leverage.

Participated · Equity · Mar 2018

SafetyWing builds insurance products aimed at creating a global social safety net for remote companies, workers, and digital nomads. Founded in 2018 by CTO Sarah Sandnes, COO Hans Nyvold Kjellby, and CEO Sondre Rasch, the company is based in San Francisco. Its first product, Nomad Insurance, is a global travel medical insurance tailored to digital nomads working outside their home country. In 2020 SafetyWing launched Remote Health, a single plan designed to cover employees and contractors as a global health insurance solution for remote teams. The company operates with a roughly 100-strong fully remote workforce spread around the world. SafetyWing closed a $35M Series B to scale Remote Health globally and continue improving the product. SafetyWing offers health insurance and related services for remote teams and digital nomads, operating a remote health insurance scheme that covers 175 countries. The company launched in Oslo three years ago with a travel insurance product for digital nomads and raised a €3 million seed round in summer 2019. Now Y Combinator–backed and based in San Francisco, SafetyWing has expanded its target from travelers to startups and businesses with distributed teams. It recently raised $8 million in a Series A led by Creandum with participation from Rocketship and byFounders to fund growth. Upcoming products include a 'remote doctor' tele-health consultation service and a planned 'remote pension' slated for later this year. The founders’ stated vision is to replicate the Norwegian social safety net globally as remote work reshapes talent markets. SafetyWing builds subscription medical travel insurance designed for people who work outside their home country, marketed primarily to digital nomads, freelancers and remote workers. Its first product is a flexible 28-day rolling subscription that can be paused at any time, with cover starting at $37 every four weeks. The company positions itself as creating a "global social safety net" to address gaps in national health insurance for global workers. SafetyWing launched its product last year and is a recent Y Combinator graduate. Founders include CEO Sondre Rasch, CTO Sarah Sandnes and COO Hans Kjellby; the company was founded in 2017 and is out of Norway. To support its mission and build additional products, SafetyWing has recently raised external funding. SafetyWing provides worldwide urgent-care health insurance for travelers and digital nomads through a partnership with insurer Tokio Marine, charging $37 per month with a $30 add-on for coverage inside the U.S. The plan covers hospital visits and prescriptions but excludes preventative treatments and pre-existing conditions, and it does not qualify as coverage under the U.S. Affordable Care Act. The founders — former Norwegians who participated in Y Combinator’s winter accelerator — built the product to serve freelancers and other mobile workers who struggle to obtain affordable international health coverage. The company estimates a target market of roughly 25 million international workers and positions its pricing at about one-third the cost of existing plans for foreign workers. SafetyWing has said it wants to expand beyond health insurance into products like income protection and home-country insurance to create a broader global safety net. Financially, the startup has raised a bit under $500,000 from investors including NordicVest Angels, the Norwegian Investment Authority and undisclosed individual investors.