The Venture Codex

Participated · Series A · Nov 2022

Spintly develops a hardware-enabled, software-controlled access management platform that eliminates the need for traditional wiring by using its proprietary Bluetooth Low Energy (BLE) mesh networking technology. The system lets enterprises quickly retrofit or install door controllers, badges, and readers while maintaining secure local log storage during power outages. Spintly is layering AI-driven analytics onto existing camera infrastructure to enhance security insights for its customers. The company targets enterprise clients that operate large commercial buildings and multi-site facilities across India, the Middle East & Africa, and the United States. Founded by Rohin Parkar, Spintly combines wireless hardware devices with cloud software for centralized management. Financially, the company has secured an $8 million Series A round and previously closed a ₹3.5 crore extended seed round in January last year along with an earlier $5.36 million seed raise. The fresh capital will be used for product development, global expansion, and strengthening its AI capabilities.

Participated · Equity · Jul 2022

ConsCent is a content-monetisation platform that enables pay-per-use access to premium articles and tools for publishers. It supplies technology to publishers including India Today Group, Outlook India Group, MidDay, Amar Ujala, EPIC On, Tinkle Comics and New Indian Express. Price per article is set by media houses and ConsCent emphasises reducing friction for users while ensuring creators capture value. The company began commercial operations in April 2021 and claims to have acquired 5 lakh users. ConsCent plans to hire technology talent, expand sales and marketing, invest in AI/ML to build in-house monetisation tools, and launch more than 15 new products and features over the next 12 months. The startup is targeting deeper penetration in the Indian subcontinent and expansion beyond India as more publishers put content behind paywalls.

Participated · Series A · Apr 2022

Borderless, formerly known as Stockal, runs a cross-border investing platform that continues to trade under the Stockal brand. The service allows affluent individuals in emerging markets to invest abroad and, through forthcoming product extensions, aims to help them save on travel, education, and healthcare expenses. The Bangalore-based company works with more than 100 financial institutions and fintech partners and currently supports over 160,000 global capital accounts. To date it has processed US$2 billion in transaction volume and serves customers across 18+ countries. Borderless has raised roughly INR 100 crore in cumulative funding from investors such as July Ventures, AROA Ventures, HDFC, and Hashed Ventures. Management is in discussions for a prospective INR 120 crore Series B round to commercialize its expanded offering. The freshly secured bridge capital will primarily fund additional product development.

Participated · Equity · Nov 2021

Zvolv builds an LCNC hyper-automation Microservices Platform and a generative-AI trust orchestration engine called 'Z-wall' to help enterprises deploy AI and automation features securely and at scale. The company offers over 100 solution accelerators across retail operations, supply chain management, and HR/Finance to reduce time and cost versus traditional code-based development. Zvolv plans to use the fresh funds to integrate a trust-based generative AI layer into next-generation enterprise AI applications and further strengthen its LCNC hyper-automation capabilities. It also intends to expand its US offerings through reseller collaborations and a direct presence, with an expectation to grow into the US healthcare space. The company operates across India, the US, MEA, Australia and New Zealand and was launched in 2018 by former Apple and Texas Instruments technologists Hardik Gandhi and Sujoy Chakravarty. The recent raise is described by the company as validation of its potential and traction in the large enterprise segment. Zvolv is a no-code process automation platform that leverages intelligent automation to address last-mile digital transformation gaps that ERP, BPM, or RPA tools cannot solve. The platform lets process champions innovate, automate, and evolve applications up to 10x faster than legacy IBPMS suites or custom development without reliance on backlogged IT teams. Zvolv integrates human-like decision-making capabilities and orchestrates processes across people, data, and systems, delivering automation in days and evolving in hours. It targets planning, execution, and operations teams by accelerating delivery of key insights, aiding rapid decision-making, reducing execution timelines, and automating data-driven processes. The company plans to double down on AI/ML capabilities within the platform and expand its customer base globally to drive adoption in an increasingly work-from-anywhere world. Financially, the company completed a $1.5M financing in November 2021 to support these initiatives.

Participated · Series A · Oct 2021

Adcount Technologies operates SupplyNote with three business verticals: a SaaS inventory‑management product for large restaurants, fulfillment services, and a marketplace (Vyap) for small restaurants. Founded in 2019, the company serves roughly 5,000 outlets across 86 cities and manages goods and procurement across its verticals. Its SaaS vertical facilitates about $100M in annual purchases in India; Vyap enables approximately $2.25M in procurement in Noida and Greater Noida, and SupplyLink manages $5M in goods across 42 cities. The company aims to expand to 30,000 F&B outlets globally by the end of fiscal 2025 and targets facilitating $1.2B in purchases, achieving $25M ARR for Vyap, and distributing $150M through SupplyLink. Adcount has raised a total of $5M to date, including the recent $2.25M Series A. The latest funding will be used to support initial international expansion focused on the MENA region and Southeast Asia. SupplyNote (Adcount Technologies Private Limited) offers a combined SaaS and e-commerce stack to solve procurement for restaurants and other HoReCa businesses. Its platform helps restaurants understand purchasing trends, plan production, anticipate stock-outs, set low-stock alerts and auto-create purchase orders. The product’s USP is simplifying how restaurants order from vendors and enabling faster, simpler communication with vendors on the platform. SupplyNote reported 800% growth during FY20–21 and is present in 41 cities across 3 countries. The company intends to use new funding to hire, upgrade its technology stack, scale its HoReCa marketplace, extend credit options via partners, enable easier transactions between restaurants and suppliers, and reinforce its fulfillment service. It is also pursuing strategic partnerships with POS, payments and loyalty companies. Supplynote operates a supply chain automation platform focused on digitising supply chains in the food & beverage industry. The company is described as the second platform launched by parent company Adcount Technologies in the direction of supply-chain digitisation. It is headquartered in Noida. In October 2020 Supplynote completed a $600,000 bridge financing. The round included participation from strategic and angel investors, and was led by SOSV and Artesian Ventures. The article does not disclose operating metrics, valuation, or specific use of proceeds.