Participated · Series A · Apr 2026

Founded in 2024 by Karan Shroff, Anurag Banerjee and Tina Balachandran, LightFury Games is a AAA-focused game-tech studio with a roughly 100-member team. Its debut title, eCricket, is built on Unreal Engine 5, designed mobile-first and slated for release in 2026. The company has secured a global player roster license covering over 600 professional cricketers for the title. LightFury has invested in core development capabilities, infrastructure and analytics systems to enable continuous content and deep player engagement. Financially, the studio has completed two funding rounds, most recently raising US$11 million in a Pre-Series A from venture investors and strategic athlete backers. The studio plans to use the fresh capital to finish game development and strengthen live-ops and post-launch systems to support a live-service gaming franchise.

Participated · Seed · Mar 2025

Abound is a remittance mobile app spun out of Times Internet in 2023 that targets Indian expatriates, primarily in the U.S. The app lets users send money to India and offers a rewards and cashback layer across services including live sports streaming, grocery shopping and OTT subscriptions. Abound generates revenue from advertising tied to rewards and from foreign-exchange spreads on remittances. The company says it has processed over $150 million in total remittances from more than 500,000 monthly transacting users, processed $110–120 million in the past 12 months, and reports revenue growth of about 50% month-over-month since launch. Abound plans to add products such as high-yield savings, India-focused investments and cross-border credit solutions, and envisions banks participating on its platform. The firm currently has a team of about 40 people primarily based in India and plans to expand headcount, build an executive team in the U.S., and eventually enter markets such as Canada, Singapore and the UAE. Abound (rebranded from Times Club) is an app for non-resident Indians that enables transfers to more than 130 Indian banks and shopping at over 4,000 Indian grocery stores; it is available on iOS and Android. The product bundles loyalty and card-linked rewards, cashbacks, curated content, competitive exchange rates and speedy transfers, and supports free sign-up via Plaid or card issuer rails. Planned product additions include joint accounts, an inclusive membership model and premium cross-border cards to extend privileges to users’ family in India. Abound runs a dual-revenue model that pairs advertiser partnerships with user benefits and is considering subscriptions as an additional monetization path. Since the original Times Club launch in February 2020 the app has generated $65M in GMV, currently records daily transaction volumes of $500K (with a target to double) and estimates GMV reaching $90M by the quarter’s end. The company is incubated by Times Internet, led by CEO Nishkaam Mehta, and is scaling its team (currently 38) while planning geographic expansion beyond the U.S.

Participated · Series A · Nov 2021

Clinikk is a full-stack healthcare solution provider that pairs affordable health insurance with accessible primary care via physical health hubs and telehealth. The company says it operates a profitable primary healthcare footprint and plans to use new funds to expand that footprint. Management intends to invest in development of technological capabilities and to launch new products. Clinikk aims to scale its services to different geographies beyond its current markets. Co‑founded by Bhavjot Kaur (CEO) and Dr. B Suraj Baliga (COO), the team has 114 employees, the majority based in Bangalore. The company serves more than 41,000 subscribers and has handled over 100,000 consultations. Clinikk integrates outpatient care and health insurance on its platform, offering family health insurance coverage and unlimited digital outpatient (OPD) consultations. Founded in 2018 by Bhavjot Kaur and Dr Suraj Baliga, the company offers a full-stack plan with network care centres and digital access to qualified doctors. The company reports more than 10,000 family subscriptions in its full-stack plan and says its retail offering is growing 30% month-on-month. Clinikk aims to add 20 million subscribers in the top 50 Indian cities by 2025. It plans to use new funding to consolidate its product offering, expand its footprint in Bengaluru and other cities, and hire and develop its product. Co-founder Dr Suraj Baliga has highlighted integrated care as a way to reduce out-of-pocket expenses and improve sustainable health insurance pricing.

Participated · Series C · Sep 2020

Mobile Premier League is an esports and skill-gaming platform that hosts competitive mobile games and tournaments. The platform has onboarded over 70 games and works with numerous game developers to deliver live and skill-based gaming experiences. MPL reports over 85 million users across India, Indonesia and the United States and employs more than 800 personnel. The company plans to use new funding to finance global expansion, invest in its technology and drive continued growth in the Indian market. MPL has expanded capabilities via the acquisition of esports firm Gaming Monk and a partnership with Play Magnus Group to host the official Indian Circuit for the Meltwater Champion Chess Tour. Headquartered in Bengaluru with offices in Pune, New Delhi, Jakarta, Singapore and New York, MPL serves multiple international markets. MPL operates a pure-play gaming platform that hosts a range of tournaments and publishes games from other developers rather than building its own titles. The app has amassed more than 60 million users in India and 3.5 million users in Indonesia and currently hosts about 70 games across multiple sports. MPL also offers fantasy sports as part of its product mix. The company is not available on the Google Play Store in India but has continued to grow strongly despite that distribution limitation. MPL plans to deploy new capital to organize more esports tournaments and accelerate its international expansion. Its investor base includes Times Internet among others, and the startup has raised $225.5 million to date. Mobile Premier League (MPL) operates a pure-play mobile gaming and esports platform that hosts about 70 games and serves as a publishing platform for third-party developers. The company does not develop its own games but offers licenses or revenue-sharing agreements to external developers and provides marketing support. MPL also offers fantasy sports as part of its product mix, which has helped sustain growth even when live sports were halted. The app has amassed more than 60 million users and recorded over 2 billion cash transactions to date. MPL said it has grown fourfold since March and is expanding its gaming catalog and marketing support for partners. The startup is Bangalore-based and two years old, and it does not distribute its fantasy-sports-enabled app via the Google Play Store due to Google’s policies on betting. Mobile Premier League (MPL) is a Bengaluru-based mobile eSports gaming platform. The company operates a mobile platform for competitive gaming and tournaments. The article reports MPL has raised $35.5 million in a Series A round. The round was led by Sequoia India, Times Internet and Go-Ventures. Go-Ventures is described as the venture capital arm of Indonesia’s GOJEK. The article does not provide additional operating metrics or future plans.

Led · Series A · Nov 2019

Gradeup began as a community for students to discuss exams and solve questions and has expanded to offer live online courses taught by teachers. Courses run in English and Hindi, cost between Rs 5,000 ($70) and Rs 35,000 ($500) depending on complexity, and can host about 200 students simultaneously. The platform includes interactive chatrooms and a dedicated “student success rate” team; Gradeup reports more than 50% course completion among its students. The company has amassed more than 15 million registered students who have enrolled in live lectures. Gradeup plans to use fresh capital to grow its academic team to 100 faculty members (from 50) and to add 200 subject-matter experts while expanding into smaller Indian cities and towns. The startup positions live, interactive courses as a scalable alternative to offline coaching, addressing access and quality gaps in semi-urban and rural markets.