Led · Seed · Feb 2025

Swirepay provides an AI-powered platform that integrates and orchestrates payment systems with bank accounts and ERP systems to deliver payment orchestration and reconciliation for enterprises, government agencies, and small businesses. The platform supports point-of-sale and online payments and transfers via dashboard or APIs, covering card payments, ACH, wire transfers and instant rails such as Zelle, RTP, and FedNow. It integrates directly with bank accounts and ERP systems to streamline reconciliation and simplify financial tracking and reporting within a single, adaptable platform. Swirepay, led by founder and CEO Adithya Murali and based in Santa Clara, CA, raised $3.4M in a Second Seed funding round, bringing total capital raised to $5M. The round was led by TiE Angels groups in Silicon Valley, Boston and Southern California, with participation from Aum Ventures, QPaymentZ, Nivesha Ventures, Nurture Growth Fund and angel investors. The company plans to use the funds to scale sales and marketing, onboard more enterprise customers and U.S. small businesses, and expand operations across North America and Asia, primarily India.

Participated · Series B · Dec 2024

FibreCoat is a German-founded materials company that coats metals and plastics onto fibers during the fiber spinning process to combine the properties of the fibers and the coating material. Its coated fibers are engineered for strength, conductivity and recyclability and protect against radiation, heat and electromagnetic interference (EMI). The company’s products are targeted at space and defense customers—applications cited include launchers, satellites, sensors, circuits, shielding and chaff material—and it also sees demand in automotive use cases such as electric vehicles. FibreCoat has raised over €20M in a Series B to scale production and meet rising demand. The company says it has grown rapidly since its founding and intends to use the fundraise to increase production and accelerate scaling. Through a strategic partnership with NewSpace Capital, FibreCoat expects to leverage investor network and market knowledge to bring its low-cost, high-performance materials to customers.

Led · Equity · Sep 2023

MentorKart operates academies on its platform to help corporate clients source, screen, and skill candidates across functions, with the stated objective of making recruits job-ready and productive from day one. The company is incorporating Generative AI to scale acquisition, engagement, and monetization on its platform. MentorKart says it aims to directly facilitate employment for over 5,000 young individuals in the coming months and to upskill more than 100,000 students, targeting a user base beyond one million. The platform reportedly serves over half a million individuals through partnerships with job portals, universities, and colleges, and has onboarded 100+ partners in Tier 2 and Tier 3 cities with plans to expand that to 500+. MentorKart plans to use the latest funds to expand its customer base and extend outreach to aspiring professionals in Tier 2/3 cities. On the financial front, the company disclosed a $250K raise in the most recent round and states it has raised $500K to date from investors including Realtime (RTAF), Lets Venture, Startup Buddy, and others. Founded in 2020 by Ashish Khare and SK Mohanty and headquartered in Delhi, MentorKart is a patented tech-based mentorship platform that offers personalized one-on-one mentorship, one-to-many live mentoring, goal-based packages, and structured pre-recorded courses and master classes. Its programs are delivered in subscription and pay-per-use models for individuals and organizations and are conducted by industry and startup leaders, career coaches, business coaches, and life coaches. The company says it has partnerships with various institutes and already hosts several thousand mentees and mentors on the platform. MentorKart plans to use the new funds to support go-to-market activities, enhance its platform and tech capabilities, build new products, and expand teams across tech, product, and marketing. The company emphasizes mentoring to improve employability and support entrepreneurship among India’s youth.

Participated · Series A · May 2023

Heliware delivers a cloud-based platform that converts traditionally complex GIS workflows into easy, plug-and-play 3D geospatial intelligence. The company has built a nationwide, high-resolution 3D terrain model of India and layers it with AI-driven analytics such as flood simulation, line-of-sight assessments and predictive spatial modelling. Its technology enables organisations—from the Indian Army and DRDO to Larsen & Toubro, Accenture, Nielsen and ReNew—to move from static maps to real-time, actionable spatial insights without deep in-house GIS expertise. Heliware currently serves more than 100 clients across five countries and maintains a pan-India operational presence while already supporting customers in Southeast Asia. Founded by geoinformatics engineer Rajan Srivastav (named one of Geospatial World’s 50 Rising Stars in 2022), the startup aims to democratise advanced location analytics. Proceeds from the latest funding will finance international market entry, talent hiring, regional operational setups and working capital for upcoming projects. The company positions itself to capture rising demand in the USD 100 billion global geospatial market by lowering adoption barriers for spatial intelligence.

Participated · Equity · Jun 2022

EduGorilla is a Lucknow-based edtech platform offering online test series, video classes and books covering more than 1,600 examinations. The company emphasizes vernacular content and claims six patents that speed content curation and alignment with exam schedules. It targets students in tier II/III cities and rural India, stating over 70% of its students hail from rural areas and a potential 7.5 crore student base. EduGorilla says its approach yields a 14x student success rate. Following the INR 16.5 crore raise, the company plans to expand platform content into a total of nine vernacular languages. It aims to add 10–11 lakh new paid users through its online test series, video classes and books. EduGorilla builds test-prep products and technology tools focused on state-level government and competitive entrance exams. It launched its first test series in November 2018 and has developed AI-powered demand and prediction algorithms to guide content creation and assess operational profitability. The company currently serves 1,200+ competitive exams in five languages and operates teams in New Delhi, Jaipur, Indore, Ahmedabad, and Lucknow. EduGorilla reports about 70,000 daily users today and aims to reach 600,000–700,000 daily users with the new capital. With fresh funding it plans to intensify marketing and sales and expand content development to cover over 3,000 competitive examinations in nine vernacular languages. The product suite includes technology to reduce turnaround time for demand analysis, content creation, and distribution.