Participated · Series B · Jan 2019

Founded in 2015 by Rajesh Sawhney, Sanjeev Singhal and Bal Dighent, InnerChef runs a full-stack cloud-kitchen platform that houses brands such as Healthie, Bombay Sandwich Company, Thalis of India, YumYumDilli and YumYumSouth. The company currently serves customers in Delhi-NCR, Bengaluru, Hyderabad and Mumbai through its digital ordering channels. Management has outlined plans to expand into ten additional cities, including Pune, Ahmedabad, Kolkata, Chennai and Jaipur. In FY19, operating revenue nearly doubled year over year to Rs 30.66 crore, while net losses rose to Rs 24.45 crore as total expenses reached Rs 66 crore. Employee benefit costs stood at Rs 24.57 crore, with 72 % (Rs 17.66 crore) attributed to ESOP expenses. Other income, comprising sponsorship fees and interest on deposits, added Rs 0.76 crore. Despite widening losses, the strong top-line growth and diversified brand portfolio position InnerChef to capitalize on India’s expanding online food delivery market.

Participated · Equity · Apr 2018

Fitternity operates a marketplace model that enables users to purchase sessions or memberships for gyms, yoga, Zumba and personal trainers. The company runs OnePass, which gives customers unlimited access to fitness centres. Fitternity says it leverages technology and data insights from over 10 million customers and more than 12,000 fitness centres across India. Founded in 2013 by Neha Motwani and Jayam Vora, the firm targets India’s growing fitness and wellness market. Management says the recent funding will be used to grow tenfold to $100 million in annual revenue within 24–36 months. Earlier investors include Saha Fund and Exfinity. Fitternity operates a tech-enabled platform combining a marketplace and subscription model to let users discover and book fitness services in real time. The platform includes a 'Fitternity assured' network of over 4,000 service providers and the company reports data on over 10 million users and partnerships with more than 10,000 fitness centres. Fitternity says it has pioneered Pay-Per-Session, membership portability and dynamic pricing and has partnered with insurance companies to offer fitness-linked insurance premiums and corporate portable sessions. The startup plans to use new funds to scale its supply base in the top 20 cities, add ancillary offerings across sports and preventive healthcare, and manage inventory at scale. Fitternity was founded in 2014 by Neha Motwani and Jayam Vora and is based in Mumbai. Management states unit economics are robust and expects to grow revenue 6X over the next 12 months. Founded in early 2014 by Neha Motwani and Jayam Vora, Fitternity operates a tech-enabled marketplace for fitness services and a subscription layer it plans to expand. The platform offers more than 8,000 listings across Mumbai, Bengaluru, Delhi and Pune and claims a 'Fitternity assured' network of over 4,000 service providers. It serves more than 65,000 users, primarily aged 18–25 and 26–45 in metro and Tier I/II cities, and reports an engagement/repeat rate of about 25 percent. Fitternity says it is clocking annual sales of over $5 million and has grown twelvefold in the last two years. The company combines marketplace and subscription models to address a roughly $4 billion fitness services market in India. Management cites challenges balancing demand and supply, recruiting teams across locations, and running experiments on new business lines while tracking growth. Fitternity is a Mumbai-based online fitness discovery platform that connects users to fitness centres and service providers. Founded in 2013, it has listed over 7,500 centres and collaborated with 1,500 service providers in Mumbai and Pune since inception. The platform offers users free unlimited trials before they commit to a service. Fitternity raised Rs 6.3 crore ($1 million) in its first round of institutional investment from Exfinity Venture Partners. The company plans to use the capital to expand to new cities, improve operations, and make technology advancements. Founder Neha Motwani previously worked as a consultant at Aon Hewitt and researched organised fitness methods across six Indian cities before starting the business.

Led · Series A · Mar 2017

LoveLocal is a Mumbai, India–based hyper-local e-commerce platform launched in January 2020 by CEO Akanksha Hazari. The company operates in more than 35 cities across India and provides a platform to enable local merchants to reach customers online. It targets digitising the $1.1 trillion unorganised retail market by empowering neighborhood retailers. LoveLocal recently raised $18M (INR 143 crores) in a Pre-Series B funding round. The round included participation from both new and existing investors, reflecting continued capital support for the business. The company’s core focus remains on expanding its reach and digitisation of local retail networks across India. m.Paani designs and implements mobile-based loyalty programmes that let users earn points for mobile phone usage or expenditure on select FMCG products, which can be monetised for products and services. The platform targets the data-sparse unorganised economy, collecting demographic, transactional, geospatial and psychographic data as well as business profile, transaction, customer and territory data about channel retail partners. Launched in 2014, the company positions its loyalty product as a real-time digital pipe for brands to understand and target mass-market consumers. A press release says m.Paani plans to invest the new capital in product development and scale its technology and data-science capabilities, and to expand its footprint through sales and marketing. The company raised $1.35M in a pre-Series A round led by IDG Ventures, Blume Ventures and Saha Fund. Previous seed investors include Adil Allana, Aprameya Radhakrishna and Gautam Ivatury.

Led · Equity · Jul 2016

GoCoop runs GoCoop.com, a social marketplace and aggregator for cooperative enterprises that enables buyers to source handmade apparel, home furnishings, fabrics, crafts and more directly from weavers and artisans. The platform launched in early 2012 and was founded by Siva Devireddy, an Arizona State University alumnus who previously worked at Accenture and Exemplary Inc. The site positions itself as a global collaboration platform for cooperatives and focuses on listing cooperative enterprises and artisan-made products. The article does not report revenue, users, or other operating metrics. Recent filings show the company has attracted multiple external investors across several rounds, indicating ongoing fundraising activity. No specific future product road map or expansion plans were disclosed in the article.