Participated · Series A · Feb 2023

Cusmat offers a VR-based, metaverse skilling platform designed to train industrial workers and develop muscle memory for real-world activities. The platform has been deployed with industrial brands in India and some South Asian markets and is positioned as improving productivity and safety. The company reports that workers trained via its platform are 30% more productive, 25% more efficient, 70% safer, and show about 70% retention on average. Cusmat plans to use new funding to strengthen R&D and engineering, scale enterprise sales, expand internationally, and add newer industry-specific skills to its offering. Leadership cites initial traction and strong large-enterprise references as evidence of product-market fit and readiness for wide-scale adoption. The company emphasizes reducing training time from months to days and improving key business metrics for customers. Cusmat builds high-immersion AR/VR training systems and a cloud-based learning management system for enterprise upskilling. Its XR Industrial Learning platform enables organisations to onboard, assess, train, upskill and plan learning tracks to improve retention and on-the-job performance. The company cites use cases across manufacturing, healthcare, supply chain, education, mining, infrastructure, logistics and pharma. Cusmat says it has trained more than 30,000 workers pan-India. The startup plans to use new funding to scale its enterprise sales team, develop product training content, and add industry-driven features to the platform. Financially, the startup raised $100K in this pre-Series A and has raised $650K in total to date. Founders are Abhinav Ayan and Anirban Jyoti Chakravorty, and the team says it pursued a seed round over the last 10 months to find product-market fit. Cusmat Technologies is a Hyderabad-based company that builds AR, VR and AI-powered training and assessment systems for enterprises. Its core product is a cloud-linked, learning-management-system-integrated platform that enables enterprises to standardise training across locations and to track, compare and visualise skill-specific workforce competency levels. The startup currently offers five training products serving at least 15 industries, including logistics, electronics, manufacturing, mining, steel and pharmaceuticals. Cusmat has raised seed funding in a round led by Venture Catalysts and has reportedly already garnered traction. The company was founded by Abhinav Ayan, Anirban Jyoti Chakravorty and Soumyaranjan Harichandan. Venture Catalysts said Cusmat is well-positioned to take a lead in its market segment.

Participated · Series A · Oct 2022

5C Network provides a platform for creation, archiving and analysis of radiological images, helping hospitals get more value from their radiology infrastructure by making radiologists accessible across India. The company was established in 2016 and is headquartered in Bengaluru. Founders are named in the filing as Sivasailam and Syed Ahmed; the article also references co‑founders Syed Sabbir Ahmed and Kalyanasundaram S. 5C had previously raised a $4.6M Series A in October 2022 led by Celesta Capital and, with Tata 1mg, has raised more than Rs 80 crore to date. The business reported a 20% revenue decline to Rs 18.75 crore for the fiscal year ended March 2023 and a loss of Rs 19.47 crore, indicating recent growth and profitability challenges. Media estimates put the company’s post‑money valuation at roughly $30 million after the latest round. 5C Network is building digital infrastructure for delivering better healthcare diagnostics in India through its Prodigi platform. The company provides marketplace-like access for diagnostic establishments, radiologists, and patient aggregation and management providers. Through Prodigi, 5C delivers 1.5 radiological reports annually to 2000 hospitals and diagnostic centers across 300 cities in India. Led by CEO Kalyan Sivasailam, the company intends to use its recent funding to broaden and deepen its installed base of diagnostic establishment clients and radiologists. It also plans to ramp up talent and infrastructure for its data science and clinical teams. The company previously received a strategic investment from Tata 1mg. 5C Network provides a cloud-based radiology platform that allows hospitals and diagnostics centres to upload scans for automated data extraction and analysis via its proprietary algorithm. The product is designed to help doctors and patients make better clinical decisions through its analysis and services. The company said it will use new capital to boost its products and services. 5C Network was founded by Kalyan Sivasailam and Syed Ahmed; Kalyan Sivasailam serves as CEO. The company operates in India. Its current reported financing round is a pre-Series A totaling $1.2 million.

Participated · Series B · Aug 2022

Awign, founded in 2016 and based in Bengaluru, provides outcome-based execution, payroll management, and deployment services. The company serves a wide client base, from Fortune 500 companies to startups. It has 201–500 employees and has raised $44.3M to date. In 2024 Awign secured $24.5M in a Series C from Mynavi Corporation, which acquired a 73% stake. The Series C proceeds are earmarked for working capital, improving operational efficiency, and funding expansion. Previously, in 2022 Awign raised $15M in a Series B led by Bertelsmann India Investments and Amicus Capital Partners, with additional support from Mynavi. Awign Enterprises operates a work-fulfillment platform dedicated to the gig workforce, matching contractual talent with enterprise needs across nine hyperlocal and digital service lines. Its service lines include auditing, diligence, proctoring, content and data operations, invigilation, last-mile delivery, new business development, telecalling and end-to-end management of high-skilled niche contractual profiles. The company serves enterprises across more than 500 cities in India. Founded in 2016 by IIT alumni Annanya Sarthak, Gurpreet Singh and Praveen Sah, Awign focuses on scaling digital and hyperlocal labor solutions. Following its latest financing, the company plans to enhance technological capabilities, expand its digital services into global markets and bolster supply- and demand-side acquisitions. The article reports a $15M Series B raise to support these strategic priorities. Awign Enterprises operates a work-fulfilment platform that connects businesses to a trained gig workforce. The company reports a registered workforce of 6.5 lakh gig workers across 450 cities and says it has completed over 50 lakh on-the-ground tasks. Awign bills clients based on successful outcomes rather than hours and serves 100+ clients including Swiggy, ITC, Bigbasket, Britannia, and Aditya Birla Capital. Its client base spans FMCG, BFSI, ecommerce, fintech, edtech, assessments, and logistics. Founded in 2016 by IIT alumni Annanya Sarthak, Gurpreet Singh, and Praveen Sah and based in Bengaluru, Awign says it provides work and skilling opportunities to students, graduates, and women returning to work. The company will use the fresh funding for working capital requirements and business expansion. Awign operates a technology-enabled work-fulfilment platform and workforce-facing app that matches and manages gig workers to execute ground-level tasks for enterprises across sectors such as FMCG, CPG, retail, BFSI, telecom, ecommerce and mobility. The platform bills customers for outcomes rather than man-hours and supports enterprise-facing workflows for auditing, diligence and new business development. The company says it has over half a million gig workers on the platform and has fulfilled more than three million micro-jobs across 200 cities in India, serving clients including Swiggy, OYO, Accenture, BCG, Raymond, Wipro and Udaan. Awign plans to use the new investment to strengthen its workforce app and enterprise platform, develop sales and marketing channels, pursue strategic acquisitions and target 10x growth in the next financial year. Founded in 2016 by IIT alumni Annanya Sarthak, Gurpreet Singh and Praveen Sah, the company is Bengaluru-based and recently completed a Series A funding round. Awign, founded in 2016 by IIT Ropar alumni including Sarthak, Gurpreet Singh and Praveen Sah, offers a platform for companies to outsource business functions to a distributed, time-bound workforce drawn largely from student communities. The company converts location-dependent tasks into project-based internship programs for UG/PG students and supplies manpower on demand for tasks such as e-KYC, merchant onboarding, customer acquisition, audits and data gathering. It is operational in 130 cities across India and serves clients in e-commerce, IT, banking, consumer food products and logistics, including Paytm, Treebo Hotels, Oyo, Quikr and Kotak. Awign competes with other outsourcing and third-party payroll providers such as The Testament. The startup plans to use new funding to improve productivity, scale outreach, engage more corporates and students, and expand operations to additional locations. Financially, the company has previously raised about Rs 90 lakh from a clutch of angel investors in August 2017 and has now received a new institutional investment.

Led · Series A · Jul 2022

Wiffy operates an organized platform for post-sales installation and services, leveraging AI-powered technology to support operations. The company plans to use recent funding to further develop its AI platform, deepen enterprise partnerships and expand into additional service categories across India. Wiffy completed a $3 million Series A led by Earth Fund, with participation from Persol Holdings and existing investor Capria Ventures. The participation of Capria Ventures indicates prior investment in the company. No revenue or user metrics were disclosed in the available coverage. The company is headquartered in Mumbai and is focused on scaling its service offerings nationally.

Participated · Equity · Jun 2022

Cuemath offers one-on-one online math tutoring that combines adaptive and visual learning techniques with a best-in-class curriculum and rigorously trained teachers (developed with input from Harvard, Stanford, Cambridge and IIT). The platform has been used by more than 200,000 students across 70+ countries and reports industry-leading retention of 80% and that half of new admissions arrive via referrals. Cuemath says product innovation and personalization, coupled with a low Capex model, have increased conversion rates by 3X and supported global scale-up. The company aims to expand to over 100 countries by FY’23, bolstering presence in North America, APAC, the UK, Europe, the Middle East and targeting Africa and South America. The new funding will be used to strengthen product-pedagogy outcomes, fuel hypergrowth initiatives, pursue acquisitions and partnerships, and build a global math brand. Cuemath offers live, one-to-few digital math and coding classes (maximum six students per class) taught by Cuemath-trained teachers based in India, with each student following a personalized learning path. The company uses a proprietary, gamified pedagogy and technology platform designed to improve logical reasoning and math skills and to double students' problem‑solving speed within 12 months. Cuemath reports retention rates as high as 75%+ and conversion rates up to 60%+ across organic channels. The platform serves roughly 60,000 students across more than 10 countries, who spend an average of five hours per month on the product; average subscription tenure has increased by more than 50%. Over 96% of Cuemath's teachers are women, and the program emphasizes scalable 1:many economics while delivering 1:1 quality outcomes. The company recently closed a funding round that will support further technology development and global expansion, including scaling in the US and other international markets. Founded in 2013 by Jagjit Kurma and Manan Khurma and headquartered in Bengaluru, Cuemath runs a franchised math-teaching platform that deploys physical and gadget-based content. The curriculum is based on learning standards from Indian and foreign education boards. The company serves K–12 learners and, at the last count, reported about 40,000 students across over 5,000 centres in 80 cities. Cuemath operates a franchisee model for in-person centres alongside its platform offerings. The company has completed multiple financings and, per VCCEdge data cited in the article, has raised $28 million in total to date. Recent investor interest in the edtech sector has coincided with its fundraising activity. Cuemath is an after-school maths tuition startup offering physical worksheets, quiz cards and tablet-based in-house content for students from lower kindergarten to standard 10. It operates on a micro-franchisee model where local tutors sign up to conduct classes at their homes. The company is Bengaluru-based and previously raised about Rs 100 crore in a Series B round led by Alphabet/Capital G roughly two years ago. It is now raising an extended Series B tranche of Rs 39 crore, with filings implying a post-tranche market-cap of about Rs 330 crore. New and existing investors in this tranche include Manta Ray Ventures, Capital G (Google) and Sequoia India; the round may bring operational experience from Manta Ray’s edutech portfolio (Brainly, Bridge). Despite early promise, reports indicate Cuemath has not grown at the same pace as some competitors such as Vedantu. Cuemath provides an after-school mathematics learning program for students from LKG through grade 8, combining math worksheets with application-based technology under the supervision of trained and certified teachers. The program emphasizes engaging, comprehensive instruction across every aspect of learning math. The company operates over 1,000 centres across India in cities including Delhi NCR, Bangalore, Mumbai, Chennai, Pune, Hyderabad and Ahmedabad. Leadership includes Manan Khurma (CEO), Anushray Gupta (CTO), Nikhil Pawar (Head of Curriculum) and Akshay Kumar (COO). Cuemath announced a recent capital raise and intends to use proceeds for business expansion and product development.