Participated · Equity · Nov 2025

Founded in December 2020 by former banking executive Suvalaxmi Chakraborty, FinReach Solutions runs a Credit Guarantee Program that links private guarantors with banks and NBFCs to de-risk lending to micro, small, women-led, agriculture, and climate-focused enterprises. Its analytics-powered guarantee engine assesses borrower risk and facilitates guarantees, enabling credit flow in India’s tier-III to tier-V regions where formal financing is scarce. To date, the company says it has supported 14,150 borrowers, including more than 2,050 women entrepreneurs. Development finance institutions such as British International Investment and several global foundations partner with the platform to widen credit access. With fresh capital, FinReach plans to scale operations, broaden guarantee facilitation, and strengthen its risk and technology stack to process larger volumes of credit assessments. The company generates impact-oriented metrics but has not disclosed revenue figures. Management aims to become a key infrastructure layer for inclusive lending in India’s MSME ecosystem.

Participated · Series B · Aug 2025

Founded in 2022 by Siddharth Mehta, Mohit Bedi, and Anup Agrawal, Kiwi operates a payment platform that lets users pay via UPI while drawing on a credit-card line. By tying credit cards to UPI’s broad acceptance network, Kiwi offers the flexibility of revolving credit for everyday spending such as groceries, travel, dining, and lifestyle purchases. The product currently features a rewards program and is planning to roll out credit-card add-ons as well as EMI (equated monthly installment) options on UPI transactions. Kiwi has already partnered with YES Bank and AU Small Finance Bank to issue and process these credit-linked UPI payments. The company positions itself as a bridge between traditional credit cards and India’s rapidly growing real-time payments infrastructure. No user, revenue, or other operating metrics were disclosed in the article. Newly raised capital will support further product development and expansion of operations.

Participated · Series C · Mar 2024

Qoala is an insurtech platform that partners with local insurers and e-commerce firms to sell personalized, affordable insurance products—ranging from cars, motorcycles and property to personal accident, travel, health, phone-screen damage and ticket cancellation—via its website, app and offline agents. The company simplifies claims through image uploads and uses machine learning to detect fraud, and now handles up to 60% of claims internally. It leverages a large sales network (over 60,000 agents/marketers and more than 65,000 traditional offline agents reported) and is embedded in over 50 consumer-facing platforms and marketplaces. Qoala serves over 5 million customers, processed more than 115,000 claims and added 45,000 new users last year; gross written premiums have surged roughly 2.5x since 2022 and grew over 15x from 2020 to 2023. The startup operates in Indonesia, Malaysia, Thailand and Vietnam and is headquartered in Jakarta. Qoala plans to deploy new capital toward strategic acquisitions and partnerships and to "sprinkle" AI across its channels to drive further product and operational improvements. Qoala offers retail insurance products — including house, health, and car coverage — and microinsurance through partnerships with platforms like Traveloka, Shopee, Dana, JD.ID, Redbus, Kredivo and Investree. The company distributes policies via an omnichannel platform and a network of 75 insurers and 60,000 brokers, serving about 8 million customers. Qoala operates in Indonesia and also runs in Thailand and Malaysia. It has paid nearly $30 million in claims to date. The firm reports a positive contribution margin in Thailand and Indonesia and expects to reach profitability within three years. In 2021 Qoala acquired Thai startup FairDee and says it is prioritizing unit economics over near-term aggressive market expansion given the current economic climate. Qoala is an Indonesia-based insurtech startup. Regulatory filings show the company secured an additional $5.42 million as an extension to its Series B round. The article provides no details on the participating investors, valuation, use of proceeds, product specifics, or operating metrics. It also does not mention prior funding rounds or the company's founding year. Coverage focused solely on the regulatory filing disclosing the Series B extension. Qoala is a technology-focused insurtech that aims to socialize insurance through product development and machine learning–based claim processes. The company operates in Indonesia, Malaysia and Thailand, offering health, motor vehicle, property, personal accident and other protections via its app and website. Qoala supports distribution through a platform used by over 50,000 insurance marketers and integrates with more than 50 insurers to manage pre-sale and post-sale services. It also supplies micro-insurance products through partnerships with Traveloka, Redbus, DANA, JD.ID, Shopee, Kredivo and Investree. Led by CEO Harshet Lunani and COO Tommy Martin, the company plans to use new funding to accelerate business growth and expand operations. The business recently raised capital to support that expansion. Qoala is a Jakarta-based, one-year-old startup that offers personalized, small-ticket insurance products through partnerships with insurers and e-commerce and travel platforms. Its product lineup includes coverage for phone display damage, e-commerce logistics and hotel-quality checks, and customers can upload pictures to simplify claims. Qoala uses machine learning to detect fraudulent claims and improve underwriting. The company processes more than 2 million policies each month, up from 7,000 in March of the prior year, and employs about 150 people with plans to double headcount in a year. Qoala maintains partnerships with insurers such as AXA Mandiri, Tokio Marine and Great Eastern and distribution partners including Grabkios, JD.ID, Shopee, Tokopedia, PegiPegi and RedBus. The startup says it is working on expanding its product set to include health and peer-to-peer insurance categories. Its distribution- and ML-driven approach aims to make insurance more accessible and affordable for Indonesian consumers.

Participated · Series C · Feb 2024

RailYatri operates an online train ticketing and travel-aggregation platform and runs the IntrCity SmartBus intercity bus service on routes such as Delhi–Lucknow, Delhi–Kanpur, Mumbai–Pune, Bengaluru–Hyderabad and Chennai–Coimbatore. The company has added customer-facing features such as a “flexi-ticket” that lets users change plans when train reservations are unavailable. RailYatri combines ticketing and mobility services (train and bus) as its core product offering. In FY23 the company’s operating revenue rose 2.3x from Rs 117.2 crore to Rs 273.7 crore, and losses narrowed 58.6% to Rs 18.18 crore from Rs 43.87 crore in FY22. The company reported increased scale alongside the revenue growth. Ownership after the round shows NRJN Family Trust with 22.82%, co-founder Manish Rathi with 13.12%, and Omidyar Network with roughly 15% of the company. RailYatri is an Indian travel startup. The company has raised about $11 million (Rs 80 crore) in a fresh funding round. The round was led by Entrust Family Office (NRJN Family Services). The article does not provide details on the company’s product specifics, operating metrics, or future plans. No additional investors or financing instrument details were disclosed in the report.

Led · Seed · Jan 2023

PrivaSapien is a privacy engineering deep tech business that helps companies unlock data without invading user privacy. It builds privacy-by-design applications and data flows using privacy-enhancing technology to give businesses strategic data benefits while earning the trust of customers and regulators. Its flagship product, Privacy X-Ray, is an automated privacy audit tool that assesses privacy risk in a dataset in minutes rather than weeks and provides recommendations to mitigate risk and meet regulatory standards. The company serves industries that handle sensitive personal data, including healthcare, banking, telecommunications, and connected devices, where analytics and cross-border data transfer are important. PrivaSapien is collaborating with international technology partners in cloud computing, consulting, and system integration to broaden its impact. Following a seed fundraising of INR 8 Crore, the firm plans to increase research and product development as well as sales and marketing in regions with privacy laws worldwide.