The Venture Codex

Led · Series A · Mar 2026

Founded in 2021 by Binal Patel, Krunal Patel and Hardik Sheth, Bacancy Systems develops IP-led products across hardware, firmware and cloud technologies for EV OEMs, charging infrastructure players and railway customers. Its portfolio includes DC charger controllers and related systems for electric-vehicle charging and train control and management systems, traction and auxiliary converter controls, and remote monitoring platforms for railways. The company is expanding into railway electronics while continuing to serve EV infrastructure customers. Bacancy plans to scale its manufacturing infrastructure and deepen its R&D capabilities as part of its growth strategy. Its recent Series A raised Rs 40 crore to fund manufacturing expansion, product development and international scaling. The company positions itself around turnkey embedded electronics and power-system solutions for transportation electrification and railway modernization.

Participated · Series D · Jun 2023

AVIOM Housing Finance Corporation (AVIOM HFC) is based in Delhi NCR and operates as a housing finance corporation. The company recently secured debt financing of $10 million from BlueOrchard Microfinance Fund. According to its regulatory filing, AVIOM is allotting 1,000 bonds to BlueOrchard with a tenure of 72 months. The transaction is structured as debt funding. The regulatory filing is the source of the disclosed terms. No operating metrics or additional financial details were disclosed in the article. Aviom is a micro-mortgage lender that facilitates access to affordable loans for low-income groups in rural and semi-urban regions. The company operates in 12 Indian states and runs Aviom Shakti, a programme that extends loans without formal income documentation and incentivises women agents. Aviom aims to empower women with financial independence and to create sustainable livelihoods through agent-led sourcing. The firm is backed by investors including C4D Partners and has previously raised capital from Japan’s Gojo and Company and India-based Sabre Partners. It plans to use the new funding to expand its market reach and further strengthen operational capacities. The company’s activities are aligned with multiple UN Sustainable Development Goals, including poverty reduction and gender equality.

Led · Series B · Mar 2022

ekincare is a personalised, full-stack health benefits platform founded in 2015 that uses behavioural data and a patented platform to personalise employees' health benefits journeys. The company offers an integrated, cashless IPD and OPD network across 150+ cities and a highly customisable system to help employers design benefits packages for employees and their families. ekincare aims to improve benefits adoption, employee engagement, and measurable health outcomes while helping payers underwrite health risks. Its customer base includes 400+ corporates and more than one million employees, with clients ranging from Fortune 500 firms to fast-growing startups and SMEs. The company reports an industry-leading NPS of 80 and is growing at a CAGR of 150 percent. ekincare plans to use new funding to accelerate growth, simplify health benefits and insurance experiences for employers, and expand its customer base. eKincare provides a mobile app that aggregates medical history from dental, body and vision health partners and presents a user-friendly profile to identify potential health risks. The platform aims to enable early diagnosis of chronic diseases and to prompt users to take corrective actions. It features flo, an intelligent chatbot that lets users ask health queries such as “What’s my BP” or “What’s my Fasting Blood Sugar count” for themselves and family members. The company is building appointment-booking APIs to schedule services across 1,500+ diagnostic centers, health-at-home providers, health coaches and doctors. The startup is led by Kiran Kalakuntla and focuses on consolidating disparate health data into actionable insights. Financially, eKincare announced a $1.5M Series A that brings its total funding to date to $2.13M. eKincare operates a platform that consolidates an individual's medical history from healthcare providers into a single personal health record accessible on computer, smartphone or tablet. The free-for-users platform stores unlimited data, manages multiple profiles, identifies potential health risks, and provides personalised health plans. The firm monetises by earning sales commissions from partnered healthcare organisations and reports growing interest from corporates to track employee wellness metrics. eKincare claims growth of 150% quarter-on-quarter and is planning to launch a wellness index to score individual health on a 1–100 scale. The startup will use the current funding to strengthen product development, hire talent, improve its B2B offering and expand to other cities. The company was founded in October 2014 and is led by founder and CEO Kiran Kalakuntla and co-founder and COO Dinesh Koka. eKincare offers an online platform and mobile app that digitizes existing physical medical records and aggregates medical results from various healthcare providers into a single repository. The service, operated by Aayuv Technologies Pvt Ltd and led by founder and CEO Kiran Kalakuntla, is currently in beta. The platform updates user profiles with incoming medical data and analyzes that data to identify potential health risks and prompt users to take action. The company plans to use recent funding to accelerate product development, expand hiring, and increase marketing. eKincare’s core product focuses on enabling users to monitor critical medical information and access it from anywhere.

Participated · Series C · Dec 2019

HungerBox provides management services to companies and institutions to run and improve in‑house cafeterias and canteens, including an app to connect clients with food partners and real‑time order updates. The company supplies point‑of‑sale machines, offers insights into catering quality, and enables scheduled delivery and order tracking to reduce queues. Its solutions are deployed in over 535 cafeterias across sectors including IT, retail, healthcare, aviation, education, financial services and manufacturing. HungerBox says it has amassed more than 126 large businesses and institutions across 18 Indian cities, processes 560,000 orders per day (growing ~10% monthly), and reports annual food sales exceeding $100 million. The startup employs about 1,500 people. It plans to use new capital to expand into 10 additional Indian cities and enter markets in Southeast Asia. HungerBox offers an end-to-end platform for corporate food and F&B needs with four products: online cafeteria, catering, food court and e‑services. The company operates an asset‑light model with over 160 digital cafeterias and more than 75 corporate clients, including Qualcomm, Microsoft and FirstSource. It processes over six million orders a month, employs about 400 staff across India, and uses IoT to connect vendor hardware and employees. HungerBox generates revenue via commissions, charging roughly 10% of overall food sales from vendors, and the company says it is operationally profitable. The firm is promoted by Growth Story and was founded by Sandipan Mitra and Uttam Kumar. Management plans to use fresh capital to expand further across India and into Southeast Asian markets. HungerBox operates an end-to-end platform servicing corporate F&B needs with four product lines: online cafeteria, catering, food court and e-services. The company runs over 100 digital cafeterias and serves more than 75 corporate clients, including Qualcomm, Microsoft and FirstSource. It reports processing 200 orders a minute and claims more than 120,000 daily orders, with a target to scale to 500,000 daily orders by the end of 2018. Employees access services through employer reimbursement benefits. HungerBox has expanded into multiple Indian cities including Bengaluru, Mumbai, Pune, Delhi NCR and Hyderabad. The company was incorporated in early 2016. HungerBox operates an end-to-end, full‑stack digital cafeteria management platform that lets employees order from enlisted food vendors via mobile and gives corporate admin teams real‑time tracking of F&B operations. The service bundles four solution categories into a single offering and is operated by Eat Good Technologies Pvt Ltd and promoted by GrowthStory. The company runs operations across Bengaluru, Mumbai, Pune, Delhi NCR, Hyderabad, Chennai and Jaipur, operating more than 100 digital cafeterias for over 75 corporate clients including Qualcomm, Microsoft, Accenture, Capgemini, Genpact, ABB, Amazon and McKinsey. HungerBox has a ~200‑member team and reports nearly seven million orders to date and about 120,000 daily orders, with a stated target of scaling to 500,000 daily orders by end‑2018. The platform’s funds will be used to extend its full‑stack offerings to all eight cities and to deepen operations in existing markets.

Led · Series B · Jun 2018

CoinTribe Technologies Pvt. Ltd is an online lending platform focused on providing financing to small and medium enterprises (SMEs) in India. The company offers digital lending services to SME customers, though the article does not detail its product features or distribution. CoinTribe has raised $10 million in a Series B round led by private equity fund Sabre Partners with participation from existing investor Puneet Dalmia. The article does not disclose revenue, user counts, valuation, or other operating metrics. No information on use of proceeds, founding year, or prior funding rounds was provided in the coverage.