The Venture Codex

Led · Seed · Aug 2025

Anmasa operates a hyperlocal, made-to-order grocery model focused on staples in India. The company processes roughly 700–800 online orders daily and reported a 90-day repeat rate of nearly 50%, with 23x growth over the past year. It runs a network of "bright stores" and is planning geographic expansion into Bengaluru and other cities while opening manufacturing hubs. Anmasa is investing in technology upgrades, including an in-house ERP and enhanced product personalization, and is building its leadership team as it scales. Financially, the company has raised a total of ₹47.5 Cr to date, including the recent ₹30 Cr seed round.

Participated · Seed · Oct 2023

Tap Invest (formerly Leaf Round) operates a platform for fixed-income investments that offers access to multiple income streams and simplified investing. Led by CEO Nishchay Nath, the company is expanding its product portfolio to provide a broader array of debt investment opportunities. Tap plans to use its recent funding to expand market presence and pursue substantial growth across its target markets. The company intends to diversify its range of services on the debt-investment side to attract more clients. To support this expansion, Tap is actively recruiting across product, engineering, operations, sales, and marketing. The article does not disclose operating metrics such as revenue or user counts.

Participated · Series C · Jun 2022

Stashfin is a Singapore-based neobanking platform that issues credit line cards to under‑represented segments such as blue‑collar workers, people aged 23–38 earning under $500/month, and members of the armed forces; it currently serves customers in India. The company built a proprietary underwriting tech stack over about three and a half years that verifies applicants via two degrees of information and analyzes mobile, banking and other signals. Stashfin says its underwriting platform is profitable and scales with attractive unit economics. The startup has nearly 10 million registered customers and is issuing close to 100,000 new cards each month. It is on a trajectory to hit $100 million in annualized revenue and projects that figure would grow by over four times in the next 12–18 months. Stashfin plans to expand beyond India into Southeast Asia and other South Asian markets. StashFin operates a digital lending and neo-banking platform that issues physical and virtual cards and offers online personal loan applications. The platform supports ATM withdrawals, monthly installments, payback rewards, free annual fees and supplementary cards, and it has a Visa partnership. The company reported 200x growth in recent years and employs about 200 people. StashFin plans to use new funding to strengthen operations, expand product offerings, add more local languages, and build a presence across the South Asian market. Prior to the latest round the startup had raised $35 million in total funding. The company was founded in 2016 by Tushar Aggrawal and is based in Singapore. Stashfin, operated by Delhi-based EQX Internet Capital Advisors Pvt Ltd and launched in September 2016, is a machine learning-driven digital lending venture offering virtual credit facilities to consumers. The platform issues loans ranging from Rs 10,000 to Rs 200,000 with repayment tenures from two to 18 months and annual interest rates between 11.99% and 59.99%. At the time of the round the company was operational in four cities and employed around 60 people. The founding team includes co-founder Tushar Aggarwal and the company counts David Lin, former head of risk and analytics at Kabbage, as an adviser. Stashfin secured its pre-Series A funding while still in stealth mode and positions itself to address under-penetration of technology and credit in India’s financial services sector.

Participated · Series B · Apr 2016

Jugnoo operates an app-based platform focused exclusively on auto-rickshaw rides, aiming to digitize a large, lower-cost segment of urban transport in India. The company avoids heavy passenger discounts and driver subsidies, instead positioning itself to augment existing offline demand and create a more sustainable business for drivers. Jugnoo reports about 2.6 million registered users across 30 cities, processes roughly 30,000 rides per day, and has grown its vehicle supply from 6,000 to over 10,000. Its stated goal is to drive driver utilization up to 60 percent to build loyalty. Jugnoo briefly experimented with delivery but paused the service due to capacity issues and plans to re-enter delivery within the next year with increased capacity. The company remains focused on consumer trips while scaling its core auto-rickshaw marketplace. Jugnoo operates a smartphone app that connects users with auto rickshaw rides and on-demand delivery services, including Jugnoo Meals and Jugnoo Fatafat. The Chandigarh-based startup runs in four cities — Chandigarh, Ludhiana, Amritsar and Jaipur — and plans to expand to Gurgaon. Jugnoo claims 150,000 users, handles about 3,000 transactions per day, and generates roughly $4,000 in daily revenue. Its business model combines transportation and hyperlocal logistics; logistics currently account for 30% of transactions with a goal of boosting that to 50%. The company uses heat maps to manage supply and demand and emphasizes providing better value to drivers focused on auto rickshaws. Planned product additions include three-way chats in Jugnoo Fatafat and a mobile point-of-sale system, plus merchant tools for communications, payments, and delivery logistics built in-house.

Led · Equity · May 2013

Voylla is a Bangalore-based online platform selling jewellery and lifestyle accessories from Indian designers to customers worldwide. Its assortment includes clutches, handbags, pouches, wallets, scarves, stoles and jewellery. The company was co-founded in 2012 by Vishwas Shringi (CEO) and Raj Upakar. In early 2013 Voylla raised Rs 2.5 crore in angel funding, adding to a round it had raised in October 2012. Backers included Snow Leopard Technology Ventures. The company intends to use the capital to expand its marketing efforts and scale nationwide. Voylla.com operates an online store selling jewellery and accessories designed in India, serving customers worldwide. Its product assortment includes anklets, bangles, bracelets, earrings, mangalsutras, necklace sets, necklaces, pendant sets, pendants, rings, toe rings, and accessories such as clutches, handbags, scarves and stoles. The company was founded by Vishwas Shringi and Raj Uparkar and is based in Bangalore, India. Voylla has raised an angel funding round; the amount and the investor were not disclosed in reports. The company intends to use the capital to grow its operations team and expand marketing efforts. No operating metrics or revenue figures were disclosed in the article.