Participated · Equity · Jun 2026

ONDC is a government-backed digital commerce network that connects buyers and sellers across a digital marketplace. The organization announced a fresh infusion of ₹220 crore from corporate investors including Zoho, Uber, Paytm, and BSE Technologies. As part of the investment, Uber plans operational collaboration with ONDC on multimodal transportation, public transit integrations, and logistics capabilities. The funding is positioned as strategic capital from technology and mobility players. The articles do not provide revenue, user, or valuation figures. The announced investment increases ONDC's available capital for platform development and partner integrations.

Participated · Seed · Apr 2026

dehaze builds a purpose-built foundational AI model that processes heterogeneous healthcare datasets at scale to provide causal insights for clinicians and insurers. Its platform is designed to help healthcare payers identify individuals at risk of chronic conditions earlier, with the aim of improving intervention outcomes and reducing medical loss ratios. The company emphasizes that it is built as a foundational model for chronic disease detection rather than a chatbot or dashboard solution. dehaze says its system improves traceability and will add next-best-action recommendations to support decision-making. The company reports global customer interest and payer signings as it scales internationally.

Participated · Equity · Jan 2026

CIEL HR Services operates in the human resources services sector, offering staffing and related HR solutions under its Chennai-headquartered platform. The company has been positioning itself for a public listing and filed its draft red herring prospectus (DRHP) with SEBI in 2025. To strengthen its balance sheet ahead of the IPO, it completed a ₹30 crore pre-IPO placement that reduces the primary portion of its forthcoming IPO by the same amount. Following this adjustment, the fresh issue is expected to total up to ₹329 crore, supplemented by an Offer for Sale of up to 47,39,336 equity shares from existing shareholders. The placement was priced at ₹110 per share, implying a ₹108 share premium over face value and reflecting investor confidence in the company’s growth prospects. Promoters of the business include K. Pandiarajan, Hemalatha Rajan, Aditya Narayana Mishra, Santhosh Kumar Nair and D. Rajiv Krishnan. The capital raised will support expansion and operational initiatives as the company moves toward its IPO.

Led · Series E · Dec 2025

Ultraviolette Automotive develops and manufactures premium electric two-wheelers, led by its F77 electric sports bike and the newly launched X47 crossover. The company is now retailing in 30 Indian cities and aims to reach 100 cities by mid-2026, while international expansion has begun with sales of the F77 in the United Kingdom and 11 other European markets. Proceeds from its latest funding will also finance development of two upcoming platforms, codenamed Shockwave and Tesseract. Operationally, Ultraviolette sold about 1,168 vehicles in 2025. Revenue from operations more than doubled to INR 32.3 crore in FY25 (from INR 15 crore in FY24), though net loss widened to INR 116 crore from INR 61.6 crore over the same period. To date, the company has secured roughly $145 million in funding from backers such as TVS Motor Company, Mudhal Partners, Zoho Corporation, Lingotto, and TDK Ventures. It competes with electric two-wheeler makers including Tork Motors, Revolt Motors and Ola Electric’s Roadster.

Led · Series A · Aug 2025

Netrasemi develops system-on-chips (SoCs) for smart IoT products, designed to handle complex workloads such as video processing using an in-house AI acceleration core (NPU) and silicon IPs. Its energy-efficient chips enable advanced analytics directly on devices without relying on servers or the cloud. The company was founded in 2020 and is backed by IIM-Kozhikode. Netrasemi reported operating revenue of Rs 1.55 crore in FY24 and a profit of Rs 5.3 lakh; FY25 results are pending. The co-founders Jyothis Indirabhai, Deepa Geetha, and Sreejith Varma collectively retain over 50% ownership after the round. The company has an ESOP pool of 5.19%, valued at Rs 32.6 crore. Netrasemi, founded in 2020 and based in Kerala, India, develops system-on-chips (SoCs) and reference designs to enable on-device AI/ML for smart IoT products. The company is bringing a family of AI/ML-capable SoCs and reference designs aimed at solving 100+ AI/ML use cases to make Edge AI product development more efficient and economical. Its chips are designed to enable advanced AI-based analytics on the device without sending data to servers or the cloud, improving responsiveness and lowering cost. Key target segments include defense, surveillance, smart sensors, smart infrastructure, machine vision and Industry 4.0, robotics, drones and autonomous vehicles. The company has a 61-member team and was founded by Jyothis Indirabhai, Sreejith Varma and Deepa Geetha. Netrasemi plans to use the new funding to fabricate two ML SoC chips, Netra A2000 and Netra R1000.