Participated · Series A · Mar 2026

LetzRyd operates a technology-enabled, asset-backed platform supplying vehicles and drivers to ride-hailing companies while creating leasing pathways and partnerships that enable driver ownership. Operational since March 2024, the company says it has increased driver earnings by 20–22% in its first year and reduced driver attrition below industry benchmarks. It currently operates in three cities with a fleet of over 1,000 vehicles and has reported double-digit month-on-month growth. LetzRyd plans to use new capital to expand into additional urban markets, grow its vehicle base, enter new mobility segments, scale its operating platform, and enhance technology-led fleet and driver lifecycle management. The company is also prioritizing systems to improve vehicle utilization and service efficiency and expanding driver-focused initiatives to support financial stability and ownership opportunities.

Led · Series A · Sep 2025

Founded in 2021 by Vivekanand Tripathi and Vikas Garg, Pelocal has built an AI-powered platform that lets large enterprises handle ticketing, collections, onboarding and customer service inside WhatsApp, tapping the chat app’s 700 million-plus Indian user base. The company also delivers technology infrastructure for banking, financial services and insurance (BFSI) clients. Pelocal claims to serve more than 40 large enterprises across BFSI, transit and utilities, reaching over 5 million unique users each month. Since its October 2024 seed round, the startup reports a six-fold increase in total payment value and now runs at an annualised payment run rate exceeding USD 500 million. Management’s near-term objective is to scale to USD 10 million in annual recurring revenue within two years. The fresh capital will be channelled into product development, expansion of current use cases and bolstering go-to-market efforts, supporting the company’s mission to bring last-mile payments to the masses via WhatsApp.

Participated · Series B · Aug 2025

CredRight is a Hyderabad-based non-bank financial company (NBFC) that provides lending to nano and micro enterprises through a phygital model combining digital lending with 125 low-cost branches across four states. The company serves over 20,000 micro-enterprises, including shopkeepers and traders traditionally excluded from formal finance, targeting India’s $530 billion MSME credit gap (with a $169 billion micro segment). Founded in 2016 by Neeraj Bansal and Vineet Jawa, CredRight focuses on deepening financial access in tier-II to tier-IV markets. Its core product is small-ticket business loans for micro-enterprises, backed by a technology platform and branch network. The company plans to use new capital to expand its loan book, strengthen its technology platform, and increase geographic reach. CredRight competes with players such as Kinara Capital, Varthana, Aye Finance, U GRO Capital, and Indifi. CredRight is a Hyderabad-based data-driven lending platform that facilitates credit to small businesses and MSMEs via NBFCs and banks. It has built a distribution model to reach India’s 10 million Registered chit subscribers, largely in tier-III and tier-IV cities, and focuses on nano entrepreneurs with annual turnover up to Rs 1 crore. The company says it has served more than 5,000 nano enterprises to date and recently received an NBFC license, claiming one of the lowest NPAs in the industry. CredRight reports a 10x growth in assets under management (AUM) over the past three years and is targeting AUM of Rs 2,000 crore over the next three years. Financially, it recorded Rs 3.93 crore in revenue and a Rs 4.73 crore loss in FY22 and has yet to file its FY23 annual statements. The firm plans to use new capital to expand into new locations, strengthen its technology stack, and increase access to formal finance for small business owners. CredRight is a data-driven fintech that facilitates credit to small businesses and MSMEs by building credit profiles from chit-fund data and distributing loans through NBFCs and banks. The company has developed a proprietary credit-modeling algorithm and an end-to-end digital process that can enable loans to reach bank accounts within 3–5 business days. It targets India's roughly 10 million registered chit subscribers, largely in tier-II and tier-III cities, and focuses on underwriting and collections to maintain strong operational metrics. CredRight has disbursed more than INR 50 crore to over a thousand customers. Management plans to use the new funding to increase the managed loan book, expand the team, and invest in technology platforms and analytics. Investors cite the company’s low NPAs during the pandemic and expect significant loan-book growth following the raise. CredRight offers collateral-free business loans to micro, small, and medium enterprises by leveraging expected chit fund receivables and other data points. The company partners with chit funds across India to access members' past payment and default data for underwriting. It uses a machine-learning-based credit algorithm and digital processing capabilities to analyze cash flows and assess ability and willingness to repay, claiming approvals within 24 hours and disbursements within three business days. CredRight said it will use new funding to strengthen its technology platform, grow its team, and expand its customer reach. The startup aims to disburse Rs 100 crore in the next 12–15 months. CredRight was founded in 2016 by Neeraj Bansal.

Led · Equity · Aug 2025

Zype offers AI-driven, need-based credit solutions targeted at salaried individuals, primarily in Tier 2 and Tier 3 markets. The company plans to use fresh capital to expand its lending and payments product suite, deepen market presence, and continue investing in AI-powered operations. Zype reports over 8 million registered users and more than 3 lakh borrowers served to date. It has an annual disbursement run rate of ₹1,200 crore and closed FY25 with ₹367 crore in revenue. The firm says it achieved operating EBITDA breakeven within two years of operations and describes itself as fully profitable at its current scale. Founder & CEO Yogi Sadana stated the round is intended entirely for future growth. Zype is a fintech startup aiming to improve accessibility to credit for millennials and encourage sustainable financial habits. The company intends to offer credit products and interactive money-management tools through a customer-first platform. Zype’s management team is led by founder and CEO Yogi Sadana. The startup is mentored by industry veteran Vivek Vig, who serves as a board member. Zype plans to deploy new funds to build its technology platform, expand the team, and drive customer acquisition. Named backers in the round include Xponentia Capital and its partners Devinjit Singh and PR Srinivasan.

Led · Series A · May 2024

AyeKart Fintech operates a fintech platform focused on the agricultural food segment. The company provides financing solutions aimed at participants across the agri-food value chain. With new capital, it plans to enhance its technological capabilities to better serve customers. The startup intends to expand its operations and reach a broader audience. Target customers named in the article include farmer-producer organizations (FPOs), food manufacturers, distributors, and retailers across India. The article does not report revenue, users, or other operating metrics.