Participated · Series G · Jun 2025

CRED operates a member-only fintech platform that helps creditworthy Indians manage credit cards, make payments, monitor scores and access curated rewards, shopping, travel and premium experiences. The company reports 1.7 crore (17 million) monthly members, processes over 40% of credit card bill payments in India, and has grown lending-related managed AUM to ~₹24,000 crore for partner financial institutions. CRED disclosed approximately ₹3,200 crore in revenue and said it is profitable, and it holds a full stack of licences. Management describes the business as having created a new category since its 2018 founding and is positioning for institutional strengthening and an eventual public listing. Recent leadership changes include founder Kunal Shah stepping back from the CEO role to join Meta’s global leadership team and Miten Sampat being named interim CEO.

Led · Preferred · Jul 2024

Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money offers a mobile-first platform where Indians can book fixed deposits, purchase ‘Stable Bonds’, access short-term 7-day FDs, and obtain secured lifetime-free credit cards without opening a traditional savings account. More than 30 lakh users (3 million) have invested over ₹5,000 crore (≈US$600 million) through the service, underscoring rapid adoption in an underserved fixed-income market that is compounding at roughly 12% annually. The interface emphasizes transparency, instant withdrawals, and speed, positioning the company as a trusted alternative to legacy bank processes. Stable Money generates trust by partnering directly with banks and NBFCs and plans to deepen these relationships to improve rate discovery and widen product choice. The firm intends to expand into adjacent savings products while building a physical presence in key cities to complement its digital reach. Investors highlight the platform’s trust-first design, disciplined execution, and rapid scale as key differentiators. Including the latest raise, Stable Money has secured about US$65 million in institutional and angel funding within three years of operation.

Led · Seed · Nov 2021

GoodCourse, founded this year by Chris Mansfield and Omar Mughal, offers a micro-learning platform aimed at the 80% of workers who don’t work at a computer. The product delivers short-form L&D content with TikTok-style explainer videos and self-enrolment via text message, so no apps, downloads or log-ins are required. Courses are typically served over five days with daily lessons of no more than three minutes, and current course completion rates exceed 80%. The platform is designed to increase accessibility and engagement for remote and non-desk learners by mirroring social-media consumption patterns. GoodCourse has raised €671.6K in pre-seed funding and will use the proceeds to further develop its learning experience and platform and to scale sales and marketing. The company emphasizes easy-to-use, phone-first delivery to capture learner attention where traditional e-learning has struggled.

Participated · Series B · Jul 2017

Second Nature began as FilterEasy, a D2C subscription service to help homeowners remember to change air filters and has expanded into partnerships with HVAC companies, real estate agents, utilities and commercial properties. Its core products are recurring air filters and a new water‑filtration line launching with refrigerator filters; the company is positioning itself as a broader “home wellness” brand. The business reports hundreds of thousands of customers and around 150 employees, roughly two‑thirds of whom work in fulfillment and distribution across warehouses in Ardmore, OK and Wilson, NC. In response to COVID‑19 it has retooled manufacturing to produce masks for hospitals, with materials on hand to make ~800,000 masks and capacity to produce up to 2 million per month as materials allow. The company says demand has generally risen even as some commercial channels were hurt, and it plans to use new funding to expand, hire and advance first‑party products in R&D with an emphasis on product/process improvements and environmental benefits. FilterEasy is a subscription-based HVAC air filter fulfillment service launched in 2014 and based in Raleigh. It uses a proprietary web-based platform to guarantee correct-size HVAC air filters are delivered to a customer's doorstep so they may be replaced on a regular cadence. The service addresses the common problem of consumers forgetting to change air filters and aims to simplify that task so filters are changed "on time, every time." Proper filter replacement is presented as improving indoor air quality and human health, and the company cites potential reductions in monthly heating and cooling expenses of 5%–15%. FilterEasy announced a $6.9 million Series B1 financing led by One Better Ventures and joined by Lead Edge Capital. The company says the funding will be used for product innovation and development, expanding warehouse and fulfillment capabilities, and accelerating growth. FilterEasy is a Raleigh, North Carolina-based company offering a subscription-based HVAC air filter fulfillment service via a proprietary web-based platform. Co-founded by Thad Tarkington and Kevin Barry, the company focuses on residential HVAC filter subscriptions and fulfillment. Its filters are manufactured in the United States by AAF Flanders, the nation’s largest residential HVAC filter manufacturer and a supplier to NASA and U.S. hospital systems. In July 2017 FilterEasy raised $6.9M in a Series B led by Arsenal Venture Partners. The round brought the company’s total funding to $11.4M. The business operates as a direct-to-consumer subscription fulfillment service for residential HVAC filters. FilterEasy operates a subscription-based air-filter replacement service for homeowners, letting customers pick filter size and quality and choose how often replacements ship. The site offers over 40 filter sizes and three quality levels, and pricing is the same as retail but sold on a recurring basis. The company partners and co-locates with U.S. manufacturer Flanders to ship filters directly to customers at store cost. Since launching out of beta in March 2014, FilterEasy has signed up over 10,000 paying subscribers and is running at a revenue run rate of more than $1 million per year. The team of 13 plans to use new funding to expand marketing and is beta-testing a commercial program for businesses such as gyms and restaurants. FilterEasy was founded by former NCSU students Kevin Barry and Thad Tarkington and is based in Raleigh, N.C.; the founders participated in The Iron Yard accelerator in Greenville.

Participated · Series D · Jun 2013

Fab operates a design-focused online lifestyle shop offering unique home, wearable and gift products and says it has millions of customers worldwide. The company has shifted away from a flash-sales model and centralized operations at its New York headquarters to become a comprehensive global online lifestyle retailer. Fab recently debuted a new design store and is experimenting with brick-and-mortar locations as part of its international expansion strategy. Management acknowledged recent layoffs while describing momentum, growth, and a solid team. Fab is targeting Asia for growth and is pursuing partnerships and acquisitions to accelerate that expansion. Fab operates a design-focused e-commerce marketplace that emphasizes home and lifestyle products, with roughly 14 million users and sales in 27 countries. The company reported $120M in revenue last year and projected about $250M in 2013 sales, achieving 43% gross margins. About two-thirds of sales now come from non–flash-sale commerce, with 50% of revenue in home categories and one-third of orders placed via mobile. Fab is expanding its own product lines and exclusive designer partnerships, experimenting with brick-and-mortar (first store in Hamburg) and investing in mobile and social. International growth is a priority—1M members in the U.K. generate nearly 40% of European sales, and the company intends to expand in Asia with partners. Operational investments include faster fulfillment (75% of orders ship within 24 hours), a Netherlands warehouse to serve Europe, and a planned Las Vegas–area warehouse in 2014. Management expects U.S. and European operations to be profitable by Q4 2014 or Q1 2015. Fab is a design-focused e-commerce site that sells curated home and lifestyle products online. The company launched in June 2011 and was founded by Jason Goldberg and Bradford Shellhammer. Fab has expanded to 26 countries and reaches more than 10 million people. Since launch it has raised over $150 million in financing. The company reported strong recent sales, selling more than $6.5 million of product in the last week of November, up from $1.7 million in the same period the prior year (≈300% growth). Fab is targeting further international expansion, specifically looking at South America and Asia, and is pursuing an India market strategy. Fab began as social site Fabulis in 2010 and pivoted to a design-focused e-commerce marketplace, officially launching Fab on June 9, 2011. The site curates handpicked products and emphasizes merchandising, social sharing and mobile shopping; roughly 90% of items aren’t available on Amazon. Fab grew rapidly (title notes 9 million users; the article reports 8 million members a year after launch), with strong engagement metrics: four products sold per minute, 67% of daily purchases from repeat buyers, and mobile driving roughly 40% of revenue (Fab cited $50M in revenue this year and projected $150M in sales). The company has been focusing on logistics (building warehouses in New Jersey and on the West Coast) and moving from drop-ship to in-house/3PL fulfillment. Fab plans to expand internationally, scale private-label/Fab-branded basics (targeting 10–20% of sales), continue mobile and social investments, and explore brick-and-mortar and new categories. Fab operates a design-focused flash-sales e-commerce site that curates and sells design products. The company confirmed $105 million in new funding in a Series C led by London-based VC Atomico. Atomico’s participation is intended to help Fab scale its international presence, according to CEO Jason Goldberg’s blog post. The new round reportedly values Fab at about $600 million. This Series C brings Fab’s total outside investment to nearly $160 million, up from a $40 million Series B closed the prior December. Goldberg emphasized a grounded approach to growth and responsibility alongside the large financing.