Participated · Seed · Jul 2026

Spense provides a bank-native platform that connects core banking systems, deposit systems, and card management systems in real time to enable financial institutions to launch modern credit products faster. Its platform is powered by AI and uses agentic/autonomous agents to automate workflows for onboarding, servicing, collections, and customer support. This automation aims to handle operational complexity that has traditionally required large operations teams for secured credit products. Spense was co-founded in 2022 by Pawan Kumar and Srinivas Krishnamurthy. The company plans to use its seed funding to deepen banking partnerships, accelerate product development, expand engineering and go-to-market teams, and launch Credit Line on UPI (CLOU). The platform allows banks to offer secured credit products backed by customer assets without replacing existing technology stacks.

Participated · Series A · Jan 2026

Founded in 2023 in Gurugram, India, Nitro Commerce provides a unified, AI-powered marketing automation suite tailored to e-commerce and direct-to-consumer merchants. Its product family includes NitroX for storefront management, Nitro Ads for advertising, Nitro SSO for single sign-on, Nitro Rewards for customer incentives, Nitro Capital for financial tools, and Nitro Recover for cart abandonment solutions. By combining these modules, the platform streamlines digital commerce operations ranging from customer acquisition to retention. The startup emphasizes advanced AI and emerging agentic capabilities to optimize campaign performance and personalize shopper journeys. With fresh capital, Nitro Commerce plans to accelerate platform-led growth, bolster its AI features, hire additional staff, and expand internationally. The company did not disclose revenue or user metrics in the announcement.

Participated · Series A · Sep 2025

Ignosis is an Ahmedabad-based, enterprise-focused platform that builds compliant Account Aggregator (AA) rails and analytics for secure, consent-driven financial data sharing. Its product suite converts raw AA feeds into actionable metrics such as income detection, risk underwriting scores, fraud signals, and holistic financial-health indicators. The company is layering finance-specific large language models and other agentic AI capabilities to help BFSI institutions replace legacy bank-statement analytics with real-time data intelligence. Ignosis currently serves more than 125 banks, NBFCs, insurers, and fintechs. Its infrastructure is aligned with RBI and DPDP guidelines and integrates with national DPI initiatives like OCEN and ONDC-FS. Revenue figures were not disclosed, but the firm plans to use freshly raised capital to expand its engineering, business, and compliance teams and accelerate product development.