Participated · Equity · Jul 2026

Neo Group is a Mumbai-headquartered wealth and asset management firm that manages approximately Rs. 1.3 trillion in total client assets across its advice and management portfolios as of June 30, 2026, and holds Rs. 50,000 crore of annualised recurring revenue-generating assets. Its asset management division operates across alternative investment strategies such as private credit, infrastructure and private equity. The firm operates in more than 30 Indian cities, including Delhi, Bengaluru, Hyderabad, Chennai, Goa and Jaipur, and maintains an overseas presence in the United States. Neo employs over 850 professionals, including more than 150 senior wealth advisors. Recently, Neo received a Rs. 550 crore infusion from TVS Capital and has now raised about Rs. 350 crore in a round led by Peak XV Partners; proceeds are earmarked for technology, talent and new product capabilities as it expands across India.

Participated · Equity · Feb 2026

Founded in 2023 and headquartered in Mumbai, Neysa provides customized, GPU-first data-center capacity that lets customers train, fine-tune, and deploy AI models locally while meeting latency and data-sovereignty requirements. The company currently runs roughly 1,200 GPUs across facilities in Mumbai, Bengaluru, and Chennai, and plans to scale to more than 20,000 GPUs as demand accelerates. Neysa differentiates itself from hyperscalers by offering highly tailored clusters, round-the-clock support with rapid response times, and a software stack for orchestration, observability, and security. CEO Sharad Sanghi expects capacity to more than triple and revenue to similarly surge over the next year. The startup employs about 110 people and intends to use fresh capital primarily for large-scale GPU deployments, with a smaller share earmarked for R&D and software development. Longer-term, Neysa aims to expand its footprint beyond India as local and global AI labs seek in-country compute.

Led · Equity · Nov 2025

Founded in 2015, Finnable is a digital lending platform that offers personal and property loans to salaried employees. The company partners with banks in a co-lending model, handling loan origination and servicing while retaining a share of the book. Finnable reports an assets-under-management (AUM) figure of Rs 3,000 crore and has served more than 270,000 customers. In FY25 it generated consolidated revenue of Rs 278.49 crore and a profit of Rs 6.74 crore, a sharp improvement from FY24 revenue of Rs 181.7 crore and a loss of Rs 5.88 crore. The firm plans to deploy new capital to upgrade its technology stack, widen its branch footprint, and introduce additional lending products. Post-money, the company is valued at about Rs 1,300 crore (approximately $150 million).

Participated · Series D · Nov 2024

SarvaGram is a rural-focused lending platform founded in 2019 that targets farmers, salaried individuals and micro and small enterprises with tailored credit products. The company operates in five states with 150 branches and serves over 100,000 customers. Its assets under management stand at ₹1,200 crore, with roughly 70% of the portfolio secured by property collateral. SarvaGram partners with lenders such as IDFC First Bank, AU Small Finance Bank and Northern Arc to broaden its credit options. Management plans to use new capital to expand credit offerings, deepen rural reach, enhance product offerings and pursue growth with an eye toward profitability. The founders, Utpal Isser and Sameer Mishra, bring extensive banking experience and a household-focused, data-driven approach to rural lending. SarvaGram is a rural household-focused lending and distribution platform that delivers customised financial and capacity-enhancing products to an addressable market of over 80 million rural households. The company operates from eight hubs, has more than 50 outlets across four states, and works with 250+ franchise partners covering over 8,000 villages. Management plans to expand the distribution footprint by adding 75 outlets to reach 125 by the end of FY2024 and to scale its SarvaMitra franchise program to three times its current size. The fundraise will also be used to strengthen the technology layer, hire tech talent, and solidify the existing tech stack to support operations and data analytics. Elevar Equity noted the company has demonstrated robust financial margins, and investors highlighted the founders' experience and the benefits of increased data availability for underwriting.

Participated · Equity · Feb 2023

PhonePe operates one of India’s largest digital payments apps, processing roughly 8.9 billion UPI transactions in September 2025—about 45-46 % of overall UPI volume. The company is broadening its suite beyond payments, building businesses in unsecured lending, insurance distribution, and stock-broking. For FY25 it generated operating revenue of ₹7,114.8 crore, a year-on-year increase of about 40 %, while narrowing consolidated net losses to ₹1,727.4 crore. Excluding ESOP charges, profitability has improved materially, and the firm ended FY25 with an estimated ₹6,000 crore in cash. Management is preparing for a domestic IPO targeted for early next year. Regulatory proposals to cap any single UPI app’s market share at 30 % and the challenges of scaling newer financial-services verticals remain key risks.