Led · Series A · Jun 2026

TrueFan AI offers an enterprise AI video platform (flagship product TF Studio) that generates personalized, studio-quality videos and lifelike avatars from a single recording. Its deep-learning models synthesize facial dynamics, gestures, and voice to produce localized videos at scale across more than 175 languages and the company says it can generate up to 500,000 localized videos per minute. The platform enables brands to create bulk personalized messages, localize content for different markets, and deploy celebrity or spokesperson avatars. TrueFan serves over 100 enterprise customers, including HDFC Bank, Bajaj Finance, Zomato, Cipla, and BharatPe. Founded in 2020, the company is headquartered in Gurugram and plans to expand into Southeast Asia, the Middle East, and the US. Financially, TrueFan reported FY25 revenue of Rs 17.1 crore (about $2 million), reflecting 131% year-on-year growth.

Led · Equity · Jan 2025

Mintoak offers a white-label payments and engagement operating system that enables banks to convert payment transactions into customer engagement and recurring revenue opportunities. The company partners with more than 50 banks across over 20 countries, including HDFC Bank, Axis Bank, SBI Payments, Emirates Islamic, and Absa Bank. Following its acquisition of ICC Loyalty, the combined platform serves over 5 million merchants and 11 million customers and processes more than $93 billion in annual payment volume. The integration aims to combine payments, merchant engagement, loyalty programs, and customer engagement into a single suite, expanding Mintoak’s product portfolio and international reach. Mintoak is backed by PayPal Ventures, and the company expects the combined business to generate over $30 million in annual revenue while maintaining an EBITDA margin above 30%.

Led · Series C · Apr 2024

Altum Credo is a Pune-based non-deposit-taking affordable housing finance company that provides long-tenure home loans to customers with informal or semi-formal incomes in urban and semi-urban markets. It combines a tech-enabled origination and underwriting platform with a strong on-ground presence to reduce operational friction and improve access for borrowers. The company says it has served over 15,000 customers across six states and has assets under management exceeding Rs 1,000 crore. In the fiscal year ended March 2024 Altum Credo recorded operating revenue of Rs 112.87 crore (a 67% jump) and profit of Rs 20 crore (more than doubled). Founded in 2016, the firm will use the fresh capital to strengthen its balance sheet and support expansion within existing geographies across southern and western India. According to TheKredible, the company has raised $80 million to date. Altum Credo is a tech-led affordable housing finance company based in India. It focuses on providing housing finance for the affordable housing segment. The company has announced a $40 million Series C funding round. The round was led by Z3Partners and Oikocredit. The funding was disclosed in an announcement on Thursday. The announcement did not include operating metrics, use-of-proceeds details, or additional investor names.

Led · Series B · Feb 2022

Shipsy is a Gurugram, India-based provider of a SaaS smart logistics management platform that empowers global businesses to optimize, automate, track and simplify end-to-end logistics and supply chain operations. The company provides tools to manage and streamline logistics workflows across customers and carriers. Shipsy plans to use new funding to grow its presence in the Middle East, India and Southeast Asian markets and to accelerate expansion into Europe and the US. It also intends to drive rapid technological innovation with a focus on logistics sustainability and enhancements to its AI, ML and blockchain capabilities. The company was co-founded by Sahil Arora, Dhruv Agrawal, Himanshu Gupta, Soham Chokshi and Harsh Kumar. Shipsy provides a SaaS platform that automates and digitises freight negotiations and shipment workflows for shippers and logistics companies. The product reduces incidental charges, improves shipping turnaround time, and uses advanced machine-learning models to minimise working capital loss. The company reports over three-fold revenue growth in the past 18 months and says its customer base more than doubled over the lockdown period. Customers are located across Dubai, Saudi Arabia, North Africa, Singapore, and Malaysia. Shipsy says it has run profitably to date. The company plans to use new funding to fuel growth, pursue aggressive geographical expansion, and invest in product innovation. Shipsy builds data-driven decision-making platforms for enterprises in the logistics sector, having pivoted from a C2C last-mile delivery model. After angel funding from Dheeraj Jain, the company refocused on providing software to eliminate inefficiencies in logistics operations. Its platform targets e-commerce and e-fulfilment segments and aims to strengthen operators' logistics stacks. The recent investment from DTDC will be used to bolster its technology infrastructure and expand its solution offerings. The company expects the DTDC association to stabilise revenues and help it achieve break-even within the next financial year. Shipsy is run by Llama Logisol Pvt Ltd and was founded by a group of IIT Madras and IIT Delhi alumni.

Led · Series B · Oct 2021

Gramophone began as an agronomy-led agri-input commerce company from Madhya Pradesh and has expanded into a full-stack technology platform offering premium farm-management solutions and Gram Vyapaar, an output marketplace. The company was founded by Tauseef Khan, Nishant Vats Mahatre, and Harshit Gupta (IIT and IIM alumni). Today over one million farmers use Gramophone’s products and services. The startup reports a 4x increase in revenues year-over-year and says it expects aggressive growth. Gramophone plans to invest in geographic expansion, marketing, technology development and M&A. Management emphasizes technologies that lower costs, improve transparency and empower local agri-entrepreneurs. Gramophone offers agronomic insights paired with last-mile delivery of quality farm inputs through a smartphone app and a call center, aiming to democratize knowledge and build transactional transparency for farmers. The company reports serving over 2.5 lakh farmers in the remotest villages across central India through its last-mile delivery model. Founded in 2016 by IIT graduates Tauseef Ahmad Khan, Nishant Vats Mahatre, Harshit Gupta and Ashish Ranjan Singh, Gramophone combines product, data science and logistics to support farmer decision-making and input access. The startup says it will use the new funding to expand across several states and to invest in product, data science and scaling operations. Management positions the business as part of a broader rise in investor interest in Indian agri-tech addressing supply chain and retailing challenges. Gramophone offers end-to-end agronomy services and inputs throughout the cropping cycle, delivered via experts reachable through a toll-free missed-call callback system. The platform uses soil mapping, geo-tagging and imaging solutions to diagnose fields and recommend inputs and practices. Launched in 2016 and based in Indore, the startup serves roughly 60,000 farmers today and aims to grow to close to a million users within 12 months. Gramophone plans to invest in technology development, team building and customer acquisition, and to open a tech centre in Bengaluru to expand its engineering capabilities. The company intends to recruit more technology staff as part of its product and platform push. Its service model combines remote advisory with doorstep input delivery to improve farmer yields.