Participated · Series A · Apr 2023

Legit Group is a Jakarta-based cloud kitchen operator that runs four in-house brands: Pastaria, Sei’Tan, Sek Fan and Ryujin. Founded in 2021, the startup currently covers 30 points across Jabodetabek and reports that sales have grown threefold since its 2021 seed round. About 80% of its outlets are in Jakarta, and the company plans to expand further in Jabodetabek and enter second-tier cities such as Surabaya and Malang this year. Legit Group is working on an operating system to support its business, though the team has not disclosed details yet. The company also plans to launch new brands with different peak hours to more efficiently utilize kitchen capacity. Chairman Bran Hendrata, who previously built Ismaya Group, leads the team and cited the post-pandemic shift to online delivery as a core market opportunity. Legit Group is an Indonesian cloud kitchen startup launched in February this year as a joint venture between Yummy Corp, GK Hebat, and Ismaya Group. It operates delivery-only brands—Juju Chikin (Korean fried chicken), Pastaria (Italian-Japanese fusion) and Sei’Tan (Timorese barbecue)—sold via Gojek and Grab from 45 distribution points across Greater Jakarta. The company raised 43 billion rupiah ($3.02M) in seed funding to support expansion. Legit plans to launch two more brands and add another 90 distribution points by the end of this year. Since launching, the startup says sales have grown almost 10x, with a 61% revenue increase between June and July. It cites strategic relationships with Ismaya Group and Yummy Corp to expand rapidly with lower upfront capital expenditure. Legit aims to become a leader in creating delivery-first F&B brands in Southeast Asia amid a rapidly growing Indonesian food-delivery market.

Participated · Equity · Apr 2023

Founded in 2020, Curefoods builds and runs a portfolio of digital-first food brands including EatFit, Yumlane, Masalabox, CakeZone and Aligarh House Biryani. The company operates 150 multi-brand cloud kitchens and more than 100 additional kitchens covering 200 locations across 15 Indian cities, supported by seven backend food factories. Beyond organic growth, Curefoods has pursued an active M&A strategy, purchasing YumLane Pizza and Millet Express in 2023 and investing Rs 10 crore ($1.2 million) in the food-discovery platform Hogr. Media reports show the firm has raised over $200 million to date and is currently negotiating a further $40 million extension to its Series D round, a deal that could push its valuation to about $500 million. For FY23, the company generated operating revenue of Rs 384 crore, making it the second-largest player in India’s cloud-kitchen sector after Rebel Foods. Curefoods aims to keep expanding its kitchen footprint and brand portfolio to consolidate its position in the rapidly growing online food-delivery market.

Participated · Series E · Dec 2022

Money View is an eight-year-old, Bengaluru-headquartered fintech that offers personalized credit products and financial management solutions to customers who otherwise lack a credit score. It uses modern underwriting systems to lend in a market where India’s credit bureau data is thin. The startup is disbursing about $1.2 billion in loans on an annualized basis and is managing over $800 million. Money View reported revenue of $30.6 million and a profit of $2.14 million for the financial year ended in March and says it has been profitable for the past two years. The company plans to deploy new funds to scale its core credit business, broaden its product portfolio into digital bank accounts, insurance and wealth management, and hire more talent. It aims to expand its offerings across the South Asian market. Money View is an online credit platform that provides personalized credit products including instant personal loans, cards, BNPL and personal financial management tools. The company partners with more than 15 financial institutions to offer credit and financial products on its platform. It is disbursing loans at an annualized run rate of $700 million and is projecting to reach $1 billion AUM over the next 12 months. Money View is co-founded by Puneet Agarwal and Sanjay Aggarwal and is based in Bengaluru, India. The company plans to use new funding to scale its core credit business, grow its team, and expand its product portfolio into digital bank accounts, insurance and wealth management solutions. The platform is positioned to deepen its product set while scaling lending operations and distribution through its institutional partnerships.

Led · Series A · Dec 2022

Founded in 2020 by Pallav and Ankur Pandey, Uolo builds an AI-driven platform that works directly with schools to integrate generative-AI learning companions into existing textbooks and curriculum pathways. The system reinforces classroom concepts, monitors adherence and provides continuity between school and home, addressing the engagement gap that often arises after school hours. Uolo’s school-first distribution model has enabled it to partner with more than 2,500 schools and serve over 1.1 million paying students across India. To date, the company has raised at least $32.5 million in venture funding, including a $22.5 million Series A in 2022 and a new $7 million pre-Series B round. The fresh capital will be used to expand its partner-school network, strengthen its GenAI learning companions and deepen its integrated learning ecosystem to boost affordability and adherence. Management believes AI is most effective when embedded within the daily learning cycle rather than offered as a standalone product, and it aims to capture a share of India’s 25 crore K-12 student market as household education spending rises.

Participated · Series B · Dec 2022

Osome provides online bookkeeping and accounting services that automate administrative work to allow companies to focus on growth, with particular focus on e-commerce businesses. The company serves over 13,000 small and medium-sized business customers and employs more than 400 staff across Singapore, Hong Kong, the UK, the Netherlands, the Philippines, and Malaysia. Leadership is led by CEO Victor Lysenko, COO Konstantin Lange, and CTO Anton Roslov. Osome raised $17M in a Series B composed of equity and debt to strengthen its balance sheet and accelerate the path to profitability. The company plans to continue investing in its product offerings, emphasizing acceleration of automation and artificial intelligence components, while also increasing investment in marketing, customer service, and go-to-market efforts. The funding round included participation from both new and existing investors. Osome provides financial administration services including payroll, accounting, tax reporting and business incorporation across Singapore, Hong Kong and the United Kingdom. It runs a hybrid service called the Accounting Factory that combines machine learning with full-time human accountants to collect, categorize and reconcile financial data. Over the last year Osome launched an accounting platform offering tax and financial reports, expense and invoice management, and integrates with e-commerce platforms like Amazon, eBay, Shopify, Lazada, Etsy and Shopee. The company currently serves more than 11,000 businesses and employs over 100 full-time accountants and bookkeepers. Revenues have doubled since its Series A in June 2021, and Osome plans to become cash-flow positive within the next 12 months. Part of the new funding will be used to expand operations in Asia by targeting side hustles and micro-entrepreneurs. Osome’s flagship product is an online accounting service that connects SMEs with chartered accountants and uses machine learning to automate tasks like document categorization, report and tax-return generation, and timely filings. The platform also offers corporate secretary services including business registration, compliance and taxation. The company has seen fast adoption among e-commerce companies and plans to add integrations with multiple e-commerce platforms and administrative services. Osome intends to launch more products and apps for the e-commerce sector over the next 18 months and will use the new funding for international expansion and product integrations. The startup is used by about 6,000 companies across Singapore, the United Kingdom and Hong Kong, reports $9.5 million in annual recurring revenue and is growing revenue 100% year-over-year. Osome employs around 200 people and emphasizes reducing the administrative burden on small-business owners. Osome offers a cloud-based service that helps entrepreneurs manage corporate paperwork and reporting, including accounting, taxation, company formation and filing reports. Its platform is available on desktop and mobile devices. The company uses AI-powered technology backed by human experts to answer clients’ requests around the clock, reportedly within 15 minutes. Osome is led by CEO and founder Victor Lysenko. The company has become a partner of 500 Startups’ Global Launch. It raised financing to support its growth and plans to expand into the UK and Hong Kong. Osome is a Singapore-based provider of business management solutions. The article identifies the company by its core offering but provides no further product detail. It reports that Osome raised $2 million in a funding round led by Target Global. The piece does not disclose other investors, the use of proceeds, or operating metrics such as revenue or user counts. Target Global is described as a Berlin-based venture capital firm with $800.5 million (€700 million) in assets under management. No additional financial or strategic plans were reported in the article.