Participated · Equity · Aug 2026

Unico Housing Finance provides affordable housing finance, with a particular focus on serving self-employed individuals and first-time home buyers who are underserved by the formal financial system. As of June 30, 2026, the company reported AUM of over Rs 730 crore. The firm operates through an existing branch network and highlights a strengthened leadership team and robust underwriting and risk management capabilities. Management has signaled plans to scale the business in a calibrated and sustainable manner following the recent capital infusion. The company intends to deploy new capital to bolster its balance sheet and enhance operational capacity to support continued growth. Its positioning emphasizes financial inclusion within India's affordable housing segment.

Led · Series B · Aug 2026

Founded in 2017 by Sunil Patel and Netaji Patro and based in Pune, Matel designs and manufactures energy-efficient motors, motor controllers and integrated powertrains for automotive and industrial uses. Its products target applications including electric two-wheelers, three-wheelers, pumping and cooling systems, and it is already in series production with multiple original equipment manufacturers across two-wheeler, three-wheeler and industrial segments. The company plans to broaden its product portfolio and enter the electric commercial vehicle segment. Matel intends to scale manufacturing capacity, strengthen R&D, accelerate product development and expand engineering and production teams as part of its growth plans. Leadership brings sector experience—Patel led the Chetak EV development programme at Bajaj Auto and Patro held R&D roles at Maruti Suzuki and Bajaj Auto.

Participated · Equity · Oct 2025

Founded in 2022, GrowXCD Finance focuses on extending loans to micro, small and marginal enterprises (MSMEs) as well as salaried individuals outside India’s major metros. The company operates 67 branches across Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and Puducherry, using a mix of physical presence and technology to reach underserved borrowers. Management plans to deploy newly raised capital to enlarge its branch network, bolster its lending portfolio and upgrade its tech stack, funding operations for the next 12–18 months. GrowXCD currently manages assets under management (AUM) of about ₹300 crore and is aiming to grow this figure to ₹500 crore by March 2026. Longer-term, the lender intends to open 40–50 additional branches by March 2027 and enter Madhya Pradesh, Maharashtra and Uttar Pradesh. Key shareholder Lok Capital has invested a cumulative ₹93 crore since first backing the firm in November 2023.