Led · Seed · Jan 2024

Larkai Healthcare, co-founded in 2020 by Pritam Dhalla and Abhilash Chakraverty in Bhubaneswar, develops biomedical devices and AI-driven healthcare solutions. Its product suite includes a device that detects early-stage heart impulse and valvular disease diagnoses in 15 seconds, a smart inhaler cap to reduce drug wastage, and a lightweight, cost-effective disinfection tunnel. The company aims to deploy AI in healthcare to make diagnosis accessible anytime and anywhere and to bridge the gap between diagnosis and treatment. Larkai emphasizes instant and early diagnosis with accuracy through its advanced AI technology. It raised $500K in a seed funding round co-led by FAAD Network, QI Ventures and RTAF, supplemented by government grants. The proceeds will be used for technological advancements and to amplify its sales verticals through strategic investment.

Participated · Equity · Jan 2024

HyugaLife operates an online marketplace listing more than 450 brands and over 10,000 products across proteins, supplements, health foods and wellness categories. The platform emphasizes verified and authentic nutrition products through its H‑Tested programme, which includes direct sourcing from brands and independent lab reports that cover nutrition and heavy metals across much of its catalogue. It serves fitness enthusiasts, athletes, working professionals and families across India. The company plans to use new capital to enhance its AI-led personalization stack, build a dark-store network to speed deliveries and expand into offline retail. HyugaLife is led by founders Sachin Parikh, Anvi Shah and Neehar Modi and is part of parent Pratech Brands, which reported rising revenue and narrowing losses in FY25.

Led · Series A · Jun 2022

Siply operates a micro-savings app that offers individual savings products, including smallcase investing, and partners with corporates to provide micro-loans to employees. The company was founded in 2020 by Sousthav Chakrabarty and Anil Bhat and targets the large underserved Indian saver segment. Since its last fundraise in October, Siply says user accounts have grown to over 6 million. It reported a revenue run rate of $1 million and projects this to grow to $12 million by March 2023. Siply plans to use new funding to drive triple-digit ARPU, offer solutions for specific savings instruments, and become operationally cash-flow positive by the coming year. The company also intends to pursue acquisitions in the savings/fintech space. Siply is a Bengaluru-based fintech micro-savings app that offers frictionless savings via a vernacular approach, digital onboarding, instant withdrawals and a range of investment options. The product also includes a micro-credit lending offering that the company launched recently. Siply says it targets Bharat’s underserved population and claims to cater to 40 crore people. The startup reports rapid traction: in 14 months it reached over 15 lakh users who processed 20 lakh transactions totaling Rs 150+ crore in savings, and its lending product grew to Rs 30 crore in disbursals with 100% repayment. Siply has 37+ large partnerships and is a YCC 2020 Future Stars Startup Competition winner. The company plans to expand to 400+ towns, strengthen team and tech, raise a Series A, and in the next 12 months target one crore users, three crore transactions, Rs 600 crore in savings and over Rs 500 crore in loans disbursed. Siply, operated by Siply Services Pvt Ltd, is a platform-as-a-service that enables micro-savings for users of other platforms. The company was set up in July last year by Sousthav Chakrabarty, Anil Bhat, and Nitin Mittal and is based in Bengaluru. Siply has signed memorandums of understanding with partners including BigHaat, Gig4CE, Pickmywork, and Xoxoday. It raised $1 million in a seed round led by Inflection Point (IP) Ventures. Siply plans to use the capital to expand its team, enhance technological infrastructure, and run pilots with partners. IP Ventures co-founder Ankur Mittal said the market Siply is addressing is largely untapped, giving the company an early-mover opportunity to grow faster.