Led · Equity · Aug 2026

Founded in 2016 by Sushant Goel, Anirudh Sharma and Ayush Bathwal, Third Wave Coffee has grown into one of India’s larger homegrown coffee chains. It operates more than 240 cafes across cities including Delhi NCR, Hyderabad, Chennai, Mumbai, Pune and recently expanded into Ahmedabad, Mangalore, Agra and Kolkata, and is evaluating further markets such as Guwahati, Ranchi, Patna and Bhubaneswar. The company is targeting 320 cafes by fiscal year-end and aims to add roughly 100 cafes annually. Beyond coffee, it is expanding its food and beverage offerings—such as Third Rush Desserts, signature non-coffee beverages, all-day menus, seasonal items, and breakfast and savoury formats. Management stresses disciplined unit economics, store payback and operational execution as it scales, and is using the recent capital raise to accelerate geographic expansion and increase store density in high-potential cities.

Led · Series D · Jul 2026

Elevate Education provides K-12 learning and academic support through a digital education platform. The company emphasizes technology-driven, personalized learning experiences, including AI-powered tools, learning analytics, and teacher enablement. It combines digital channels with school partnerships and hybrid learning models to reach students. The firm plans product and curriculum enhancements and to scale its platform and operations. Financially, it recently raised ₹170 crore in a Series D funding round to support these initiatives and expansion across India.

Led · Series D · Jul 2026

Elevate Education (Sunstone) partners with colleges and universities to deliver undergraduate and postgraduate programmes augmented by technology, placement support and student success services. The Gurugram-based company currently supports more than 25,000 active students across 22 campuses in 15 cities. It is investing in AI-driven solutions across the student lifecycle—covering learning, engagement and career support—and plans broader technology and AI capability builds funded by the Series D. Management projects revenue of Rs 300 crore and expects to reach profitability in FY27. Strategic growth targets include expanding the student base to 60,000 and increasing partner institutions to 40 by FY29. Past financing includes a $35 million Series C in August 2022 led by WestBridge Capital with participation from Alteria Capital.

Participated · Equity · May 2026

Rapido is an urban mobility startup that operates a captain network to serve first- and last-mile transportation needs. The company recently secured a $240 million financing at a $3 billion valuation as part of a larger $730 million round. Rapido plans to use the new capital to expand into new markets and deepen presence in existing high-growth markets. It also intends to grow its captain base and expand earning opportunities for drivers. The company will invest in technology and people to support scale and operations. Rapido is prioritizing strengthening first- and last-mile connectivity as part of its growth strategy.

Led · Series B · Feb 2026

Founded in 2022, Varaha builds carbon-removal projects in India, Nepal, Bangladesh, Bhutan and Ivory Coast, working with roughly 170,000–175,000 smallholder farmers across about 1.7 million acres. The company focuses on four removal pathways—regenerative agriculture, agroforestry, biochar and enhanced rock weathering—and registers its credits with Puro.earth, Isometric, Verra, Gold Standard and Carbon Standards International. To date it has removed more than 2 million tons of CO₂ and generated around 150,000 verified carbon-removal credits, securing long-term offtake deals with buyers such as Google, Microsoft, Lufthansa, Swiss Re and Capgemini. Varaha reported revenue of ₹430 million (~$4.76 million) last fiscal year and expects that figure to climb to nearly ₹2 billion (~$22.15 million) this year while remaining profitable after tax. The 225-person team is mostly based in India, with additional staff in Nepal, Germany, the U.S. and Australia. Future plans include expanding into Vietnam and Indonesia and scaling its new Industrial Partners Program that lets biomass owners generate biochar credits using Varaha’s measurement, reporting and verification tech. Overall, the startup positions itself as a lower-cost supplier of high-integrity carbon removals from the Global South.