Portfolio | Dexter Ventures - Collaboration Beyond Capital in your zero-to-one journey

Ongrid

A platform for comprehensive background verifications and E-KYC across various industries.

Saas

A platform for comprehensive background verifications and E-KYC across various industries.

OnGrid operates a SaaS product (OnGrid) as well as provides APIs (Gridlines) for comprehensive background verifications (BGV) and E-KYC, offering services to a wide range of stakeholders including employees, contractors, and loan applicants, across industries such as education, staffing, logistics, and finance. The company also provides a free employment credentials platform under the brand “E-Lockr”

Why we invested?

The global employment screening market is projected to grow from $5.7 billion in 2023 to $11 billion by 2032, at a CAGR of 7.3%. With India being expected to contribute approximately one-fourth of the world's incremental workforce over the next decade, the need for reliable BGV solutions is growing. OnGrid is poised to capitalize on this trend by leveraging its robust presence in the Indian market and high-quality product delivery to drive global expansion.

location

Mumbai

investment year

March, 2024

investment status

Active

founders

Piyush Peshwana Vineet Bansal

SAAS

QuID

A B2B fintech providing anchor-led supply chain financing

Fintech

A B2B fintech providing anchor-led supply chain financing

Quid is a B2B supply chain lending-tech. It provides anchor led supply chain financing solutions with a vision to bring millions of retailers across industries in the formal credit system with the distributor as an anchor to help with underwriting and manage the risk.

Why we invested?

India currently faces a $530 billion credit gap for SMEs and MSMEs as of April 2023. This significant gap highlights the need for effective financing solutions to support the country’s small and medium enterprises. Anchor-based financing, a model that leverages established distributors or large firms to secure and manage credit risk, has proven to be successful in bridging such gaps. This approach offers a clear roadmap for integrating smaller retailers into the formal credit system by using larger, creditworthy entities as anchors. With ample untapped potential in this space, the industry presents substantial opportunities for growth and innovation.

location

Bangalore

investment year

February, 2024

investment status

Active

founders

Vikram A G Subhash Gupta

Fintech

Medulance

A comprehensive emergency response services provider, offering ambulances and medical support

Healthcare

A comprehensive emergency response services provider, offering ambulances and medical support

Medulance is a leading provider of comprehensive emergency response services, offering a technology-enabled platform that includes dedicated ambulances, in-house medical clinics, first-aid training, doctor-on-call services, diagnostic support, and e-pharmacy. The company excels in delivering extensive ambulatory services, ensuring prompt and efficient medical assistance.

Why we invested?

India’s emergency response services market, valued at $1.5 billion, faces critical challenges: over 150,000 road traffic deaths annually, inadequate equipment in 90% of ambulances, and untrained personnel in 95% of the ambulances. Compared to the US, which has one Advanced Life Support ambulance per 51,000 people, India has one per 600,000 people, with an average response time of 40 minutes versus 5 minutes in the US. Moreover existing providers are losing government contracts due to service quality and operational inefficiencies. With increasing regulations and rising demand for EMS at corporate offices and construction sites, Medulance is well-positioned to address these gaps and transform India’s Emergency Medical Services (EMS) sector.

location

Delhi

investment year

April, 2024

investment status

Active

founders

Pranav Bajaj Ravjot Singh Arora

Healthtech

Atomgrid

A platform that streamlines sourcing and manufacturing for specialty chemicals.

Marketplace

B2B

Saas

A platform that streamlines sourcing and manufacturing for specialty chemicals.

Atomgrid is a cutting-edge tech platform for custom manufacturing and sourcing in the specialty chemicals sector. It enables global and Indian buyers to efficiently source products, manage contract manufacturing, and develop specialty chemicals at competitive cost and speed. The platform streamlines the procurement of intermediates and actives used in formulations.

Why we invested?

The Indian specialty chemicals industry has experienced rapid growth, accounting for 22% of the country’s chemicals and petrochemicals market, and is currently valued at $32 billion. It is projected to double to $64 billion by 2025, with a CAGR of 12.4% Within this expanding market, the company focuses on agrichemicals, a significant and growing segment. As global customers seek to mitigate risks from over-reliance on China and look to diversify their supply chains, India emerges as a compelling alternative. The country’s low labor costs, skilled workforce, strong IP protection, and advanced process engineering capabilities position it well to become the next major hub for contract manufacturing in the specialty chemicals sector.

location

Bangalore

investment year

May 2024

investment status

Active

founders

Siddharth Gupta Lakshit Bansal Pratik Chowdhury

Marketplace

The Pant Project

A D2C Brand Offering Custom-Fit Bottom Wear

D2C

A D2C Brand Offering Custom-Fit Bottom Wear

Why we invested?

The Pant Project is a homegrown D2C brand specializing in men's and women's stretchable bottom wear, including pants, jeans, and shorts. Their goal is to provide customers with pants that fit perfectly and are tailored to their individual needs. Committed to delivering comfort, flexibility, and style, the company also champions sustainable and ethical fashion by using eco-friendly production methods. Why this industry? The men’s western wear market, which makes up 94% of the Indian men’s apparel market, presents substantial growth opportunities, especially in the organized sector, which has a share of 38%. With rising disposable incomes and a shift from unorganized to organized retail, the market is set for robust expansion, projected to grow at a CAGR of 19.5% over the next five years. Online sales are also booming, and expected to grow at a CAGR of 21.7% from 2023 to 2027. In this dynamic environment, The Pant Project's emphasis on high-quality, customizable products positions it well for success in this rapidly expanding market.

location

Mumbai

investment year

June, 2024

investment status

Active

founders

Dhruv Toshniwal Udit Toshniwal

D2C

Mannjal

Lending-As-A-Service solution for de-risked Priority Sector Lending

FinTech

Lending

B2B

Lending-As-A-Service solution for de-risked Priority Sector Lending

Mannjal is a Financial technology platform intended to provide financial services to businesses. The company's platform specializes in delivering on-demand credit facilities for small businesses, customized supply chain financing programs for B2B companies, and co-lending programs for NBFCS and banks, enabling enterprises to grow and access de-risked lending and co-lending programs.

Why we invested?

The Priority sector lending market is worth $625 bn, out of which Agri and B2B commerce contribute $15 Bn and the same is expected to grow ~6x to $84 bn; working capital finance is the quintessential element for the growth of these platforms as it enables their customers to do business with ease. Parallely, banks have to allocate 40% of the lending portfolio to Priority Sector lending. Mannjal sets up and operationalizes financing programs at B2B marketplaces, SME aggregators, and digital lenders who service MSMEs, farmers, etc., i.e., priority sector lending. The founding team’s strong experience across corporates and startups across diverse domains, having scaled multiple businesses, makes them a great team with complementary skill sets. Given the strong demand on both borrower and lender sides, and the founders’ experience, we are positive about the company’s ability to be a category leader

location

Bangalore, Karnataka

investment year

April 2023

investment status

Active

founders

Prashant Adurty Aman Bhargava Harshit Lingamneni

Fintech

Basic Home Loans

Changing the way Bharat (India) finances its affordable homes

FinTech

Lending

Home Loans

Changing the way Bharat (India) finances its affordable homes

Founded in 2020, BASIC Home Loan is a fintech company, developing an automated platform for home lending in India. It aims to provide consumers with end to end fulfilment, through technology for faster loan disbursements. The company’s vision is to change the way Bharat (India) finances its affordable homes.

Why we invested?

The market for home loans in India is huge and has a massive potential due to a underpeniteration and very low mortgage to GDP ratio as compared to other countries. We believe that between the Founder's deep experience in the domain combined with the large market size of home loans would allow Basic to become a category leader in the Fintech space.

location

Gurugram, Haryana

investment year

April 2023

investment status

Active

founders

Atul Monga Kalyan Josyula

Fintech

Freakins

High quality denims for the Gen Z Women

D2C

Apparels

High quality denims for the Gen Z Women

Freakins is an internet first brand offering fashion apparel for women specifically in the denim segment. The product catalog includes jeans, joggers, jeggings, dresses, cotton pants, tops, and more. They cater to their consumers by being being trendy, yet affordable.

Why we invested?

Freakins is a unique denim company with a vertically integrated supply chain with experienced founders. They have managed to capture the customer pulse in the Gen Z segment, espsically women. and have a large market across the globae to serve.

location

Mumbai, MH

investment year

April, 2023

investment status

Active

founders

Puneet Sehgal Shaan Shah

D2C

Qoruz

Influencer marketing and intelligence platform

Creator economy

Influencer marketing and intelligence platform

Qoruz is a modern influencer marketing platform designed to connect brands with the most relevant influencers in their respective industries. By leveraging advanced analytics. Qoruz helps brands identify and collaborate with influencers who are most likely to resonate with their target audience.

Why we invested?

The marketing space is evolving, with customers discovering new products through celebrity endorsements but endorsements of their favourite influencers who have build a personal brand around a particular niche from fashion to finance. Qoruz is a direct play on helping marketers find the right influencer for their brand which is an ever-evoliving need with the growing increase in influencers in every space.

location

Bengaluru, Karnataka

investment year

January, 2023

investment status

Active

founders

Praanesh Bhuvaneswar Prabakaran B Aditya Gurwara Priya Vivek

Creator Economy

Rashki

Vegan leather bags brand for modern women

D2C

Bags

Vegan leather bags brand for modern women

Rashki is a premium fashion brand that specialises in vegan leather products. The company was founded to create high-quality, stylish products. With a focus on ethics and aesthetics, every Rashki product is crafted to provide a lifestyle that is both luxurious and compassionate, because everyone deserves to look and feel their best without causing harm to animals. From handbags to shoes, each item is made with the finest materials and attention to detail, ensuring that customers can enjoy beautiful, durable products without sacrificing their values.

Why we invested?

India's leather market is large and there's a shift towards trendier and environment friendlier brands. That's where Rashki, our play on the leather B2C market comes into the picture whose passionate founders know the Vegan Leather space well and we believe can become a category leader

location

investment year

January, 2022

investment status

Active

founders

Rahul Jain Shivani Popat Rustam Chaudhary

D2C

Hair Originals

One-stop shop for all of your hair extensions needs

D2C

One-stop shop for all of your hair extensions needs

HairOriginals is committed to delivering professional-grade, premium Indian Remy hair products to customers worldwide. To achieve this, the company focuses on several key areas, including maintaining a well-defined supply chain and manufacturing processes, implementing end-to-end quality control, and prioritising a customer-centric approach. By focusing on these areas, HairOriginals aims to become the go-to one-stop solution for those seeking high-quality, raw hair extensions.

Why we invested?

Hair Extensions are a growing space in fashion and while multiple players exist in this segment, what sets Hair Originals apart is that not only odes it have it's own automated manufacturing process but is also ethically sound, serves multiple channels and has a global presence

location

Gurugram, Haryana

investment year

January, 2023

investment status

Active

founders

Jitendra Sharma

D2C

Jaipur Watch Company

High-end luxury, Made-in-India watch brand

B2C

Luxury

High-end luxury, Made-in-India watch brand

Jaipur Watch Company is a bespoke watch company based in India, founded in 2013. The company is dedicated to promoting the "Make in India" initiative, and offers a range of elegant, handcrafted limited edition watches that combine traditional craftsmanship with contemporary design. Each watch is made with meticulous attention to detail, and is intended to be a timeless piece that can be passed down from generation to generation. The company's commitment to quality and craftsmanship has made it a respected name in the world of luxury watches.

Why we invested?

India has a rich heritage however what it hasn't had is a watch brand that can represent that rich heritage, thats exactly where Jaipur watch company comes into the picture as it strives to build a home-grown luxury watch brand while bring truely Indian

location

Jaipur, Rajasthan

investment year

September, 2022

investment status

Active

founders

Gaurav Mehta

D2C

Sepal

Tech-enabled canopy for two-wheelers

Deeptech

Auto

IOT

Tech-enabled canopy for two-wheelers

Sepal is a company that has developed a two-wheeler accessory system which utilises IOT technology. The system includes a folding roof and a smartphone app, allowing for a more convenient and personalised riding experience. With Sepal's innovative technology, two-wheeler riders can enjoy a safer and more comfortable ride regardless of weather conditions.

Why we invested?

India has over 200 mn two-wheelers on road, taking the overall market size for Sepal to $20 bn+. Compared to all other bike-covering solutions available in the market, Sepal is the first ever product that solves critical problems which troubled bike riders for decades such as driving in tough weather.

location

Hyderabad, Telangana

investment year

September, 2022

investment status

Active

founders

Vidhey Addepally Sriram Kashyap Addepally

Deeptech

Jollee

Curated marketplace for kid’s daily necessities

Marketplace

Kids

Curated marketplace for kid’s daily necessities

Jollee's B2C marketplace is an online platform for children's daily necessities such as clothing, books, and toys. The company is focused on providing high-quality products and creating a seamless shopping experience for their customers, while also fostering a sense of community among parents and caregivers.

Why we invested?

The kid's apparel and accessories space is complex however it has a huge LTV seeing as kids grow out of their clothes quickly. Jollee is our play on segment with its online marketplace that provides parents with personalised apparel and accessories standalone and in bundles.

location

Bengaluru, Karnataka

investment year

August, 2022

investment status

Active

founders

Akriti Gupta Somesh Agarwal Nikhil Ranjan

Marketplace

Depo24

B2B marketplace for building and construction supplies.

Marketplace

B2B

Commerce

B2B marketplace for building and construction supplies.

Depo 24 is a B2B e-commerce marketplace that specialises in providing construction and building supplies to architects, interior designers, homeowners, and technicians. The platform offers a wide range of products, including cement, tiles, plumbing equipment, electrical fixtures, and more. With Depo 24, customers can purchase high-quality materials at competitive prices, delivered right to their doorstep

Why we invested?

The fitting and furnishing market, while huge, is highly fragmented and is a space ripe for a tech player to make it organised which can offer a hassle-free and transparent service at fair prices to consumers directly for all their home needs. Depo24's founder's domain experience and complementary skillsets makes us believe that they can be a category leader

location

New Delhi, New Delhi

investment year

June, 2022

investment status

Active

founders

Arpit Saraf Anil Patwari Kushal Agarwal

Marketplace

Merapashu

Agritech marketplace for QC-ed livestock and high quality feed

Agri-Tech

Livestock Feed

Trading

Agritech marketplace for QC-ed livestock and high quality feed

Merapashu is an online agricultural marketplace that connects buyers and sellers of high-quality livestock and feed products. The platform offers quality-checked animals and feed options that can be easily bought and sold, helping farmers and livestock keepers to improve their overall productivity and profitability.

Why we invested?

The cattle space is highly unorganized and as a result, has information asymmetry. MeraPashu's one-stop transparent tech solution of helping farmers get a platform to buy and sell cattle as well as get their feed. With a clear vision from the founder, we believe that this can be a category leader

location

Gurgaon, Haryana

investment year

December, 2021

investment status

Active

founders

Divyanshu Tambe Niket Agrawal

Agritech

Jeevam Health

Holistic for thyroid care solution

HealthTech

Holistic Healthcare

Holistic for thyroid care solution

Jeevam Health is a healthcare startup that provides a care coordination platform for thyroid patients. The company provides digital solutions and services for healthcare planning and management. It provides services for diagnosis, consultation, and more. With their personalised nutrition plans based on genetic testing, the company's platform analyses users' DNA and provides customised recommendations for diet and exercise, helping users optimise their health and wellness.

Why we invested?

Autoimmune diseases are usually chronic and require continious treatment as well as lifestyle changes over one's life, and on that journey, Jeevam is the perfect companian in tracking, supporting and advicing. The clients of Jeevam ideally would use it for life to ensure they are able to manage their health better.

location

New Delhi, New Delhi

investment year

June, 2022

investment status

Active

founders

Piyush Vishwakarma Dr.Anish Musa Kamran Alam

Healthtech

Siloho

Design and visualization-driven platform for home furnishings

Marketplace

Proptech

Design and visualization-driven platform for home furnishings

Siloho is a full-stack design and visualisation-driven platform for home furnishings. The platform provides end-to-end solutions for homeowners and interior designers looking to create stylish, functional living spaces. With Siloho, users can browse a vast selection of furniture and home decor items, visualise how they would look in their homes, and create custom designs that meet their unique needs. The platform's intuitive design tools allow users to experiment with different layouts, colours, and styles, helping them bring their vision to life. Whether you're looking to furnish a new home or refresh your existing space, Siloho offers everything you need to create a beautiful and functional living environment.

Why we invested?

Home Furnishing is a large as well as a rapidly growing industry in India and is ripe for a tech solution. Siloho's founders' experience and vision to help both the customers get better designs and act as a SaaS product for designers makes us believe they would be able to capitalise on this oppurtunity well.

location

Goa, Goa

investment year

April, 2022

investment status

Active

founders

Shan Gehlot Pranshu Sharma

Marketplace

SellerGeni

Automated strategies for ecommerce sellers to grow

SAAS

D2C enabler

Automated strategies for ecommerce sellers to grow

Sellergeni is a provider of AI-based e-commerce software suite solutions for Amazon sellers. The platform helps D2C brands and marketplace sellers scale their businesses by using advanced strategies and tools. Sellergeni offers a range of solution offerings, including PPC automation solutions, product listing optimization, campaign launchers, AI-based ranking detection, and smart insights into the stores. With Sellergeni, Amazon sellers can streamline their operations, boost their sales, and improve their bottom line.

Why we invested?

We believe in the India's D2C Growth and Sellergeni is a SaaS play on the marketing of the players in the industry who often have shifted away from online marketplaces due to inability to understand the playbook that exists on these paltforms. SellerGeni is able to help these players benefit from superior marketing tools to improve sales

location

Bengaluru, Karnataka

investment year

April, 2022

investment status

Active

founders

Athmajith Colote Pramod P.Bharath vd

SAAS

Refrens

one-stop solution to manage online business profile and presence

Creator Economy

Freelancers

one-stop solution to manage online business profile and presence

Refrens is a platform that aims to support freelancers and small business owners in their entrepreneurial journey. As many entrepreneurs start with freelancing, the platform offers tools and resources to help them grow and scale their businesses. Refrens offers a range of services, including invoicing, payment tracking, project management, and more. Additionally, the platform provides guidance and support to help entrepreneurs analyse what works and what doesn't, without investing too much time.

Why we invested?

The growing trend of freelancing and solopreuners gives rise to an important problem: how can the self employed and smaller teams have the same robust business suite as the giants they compete and collaborate with? Refrens solves for this by helping with generating invoices, manage accounting books, capture leads and maintaining an online business profile

location

Bengaluru, Karnataka

investment year

March, 2022

investment status

Active

founders

Naman Sarawagi Mohit Jain

Creator Economy

Hoggy

Creator Platform for Kid's Content

Consumer Internet

App

Creator Platform for Kid's Content

Hoggy is a platform that helps kids' content creators monetize their work. As a one-stop solution, the platform offers a range of tools and services that help content creators reach a wider audience and generate revenue from their work. With Hoggy, creators can connect with brands and sponsors, collaborate with other creators, and access a variety of resources and support to help grow their channels. The platform also offers a safe and engaging environment for kids to explore and enjoy quality content, with features like parental controls and age-appropriate content filtering.

Why we invested?

The Ed-tech space has plently of players targeting school going kids and above however plenty of learning happens right before the age of 6 and maximum time that these <6 aged kids spend is on youtube watching edutainment videos, Hoggy enables the creators of these videos do better!

location

Gurgaon, Haryana

investment year

January, 2022

investment status

Active

founders

Kishlay Kishore Chandan Singha Vivek Baghotia

Consumer Internet

HealthySure

India's leading employee benefits platform

Fintech

Insurtech

B2B

India's leading employee benefits platform

Healthy Sure is an insurtech platform that focuses on employee welfare, with the goal of making healthcare and insurance more affordable and accessible for the Indian workforce and their families. Founded by IIM-ISB alumni, the platform offers a range of health insurance products and services, including preventive health checkups, telemedicine consultations, and health coaching. Healthy Sure's innovative model leverages technology to streamline the insurance process and reduce costs, making it easier for employees to access the care they need.

Why we invested?

With rising financial literacy and healthcare costs, more folks are aware of the importance of medical insurance and also demand for health insurance from their employer; Healthysure works on both fronts; allowing employees to have a customized health plan that suits their needs and make it easier to manage between thier personal and corporate health plans while the employer has an easy way to implement health and other employee benefits

location

Mumbai, MH

investment year

January, 2022

investment status

Active

founders

Anuj Parekh Sanil Basutkar

Fintech

Freshhaat

Fresh groceries in 30 mins at your door step

Agri-Tech

E-grocery

Fresh groceries in 30 mins at your door step

Fresh Haat is an omni-channel retailer that connects consumers directly with producers. The platform provides consumers with access to a wide range of fresh, locally sourced products, from fruits and vegetables to dairy and meat. Fresh Haat's unique model allows producers to sell their products directly to consumers, cutting out intermediaries and ensuring fair prices for both producers and consumers.

Why we invested?

Freshhaat's expertise in building efficent agri-supply chains enables them to deliver fresh farm produce directly to consumers within 30mins at compeititve prices while maintaining margins

location

Gurgaon, Haryana

investment year

January, 2022

investment status

Active

founders

Ujjawal Verma Himanshu Bamoria Narendra Chinia

Agritech

StepSetGo

App that makes every step count

Consumer Internet

Fitness

App

App that makes every step count

Step Set Go is a fitness app that incentivizes users to walk more by rewarding them with SSG Coins for every 1000 steps they take. Users can collect these coins over time and use them to claim discounts and products from the in-app 'Bazaar.' The app also tracks daily steps, distance, and calories burned, providing users with a comprehensive overview of their fitness progress.

Why we invested?

StepSetGo is one of the forefront leaders in the rapidly growing fitness industry with an aim to reduce lethargy and has already cracked monteization in what is otherwise an extreamly tough segment to monetize

location

Mumbai, MH

investment year

December, 2021

investment status

Active

founders

Shivjeet Ghatge Abhay Pai Misaal Turakhia

Consumer Internet

Omnivio

Control Towers For Omni-Channel Logistics

SaaS

Logistics

Control Towers For Omni-Channel Logistics

Omnivio is a logistics platform that provides modern businesses with a comprehensive and technologically advanced solution for managing their logistics needs. The platform is designed to be an omni-channel solution, enabling businesses to manage their logistics across multiple channels, including online and offline sales. Omnivio's technology enables businesses to optimise their logistics operations, from inventory management to order fulfilment and last-mile delivery.

Why we invested?

With the logistical market incresingly becoming omni-channel in nature, they have been multiple logistics SaaS players venturing into this segment, however retailers now have a new challenge - managing these SaaS solutions; that's the whitespace Omnivio capitalises on by becoming a Control Tower and integrating all the other SaaS players into one app, thus allowing retailers to easily monitor their logistics

location

Noida, Uttar Pradesh

investment year

November, 2021

investment status

Active

founders

Mudit Tandon Sidhartha Bhimania Anuj J.

SAAS

Zaroor

Marketplace

Retail

Why we invested?

Zaroor's plan of upgrading Kirana stores and optimizing them to increase throughput while at the same time aggregating the smaller brands of Bharat and improving distribution of them seemed like the perfect play on the growing Bharat Story

location

investment year

October, 2021

investment status

In-Active

founders

Ashish Raj Rupesh Thakare Barun Kumar Aditya Paranjape

Marketplace

Fello

India's first investing gamification app

FinTech

Gaming

India's first investing gamification app

Fello is a savings and investment platform that offers a unique and fun way to save money and earn returns. The platform allows users to create personalised saving goals and set aside a portion of their income towards those goals. The platform's user-friendly interface and gamified features make saving and investing easy and enjoyable. Fello is committed to helping users achieve their financial goals and build long-term wealth.

Why we invested?

Investing which is generally considered boring and in a space where most gamification startups aim to make folks bet money, Fello does things differently by using the principles of gamification to ensure Gen Z invest for their future in an exciting way that keeps them hooked

location

Bengaluru, Karnataka

investment year

September, 2021

investment status

Active

founders

Manish Maryada Shourya Lala

Fintech

Glamyo Health

Multi-specialty healthcare network

HealthTech

Multi-specialty healthcare network

Glamyo Health is a healthcare startup that specialises in providing elective surgeries. The company operates on an asset-light model, partnering with leading hospitals and clinics to provide high-quality medical care to patients. The company's team of experienced doctors and medical professionals ensure that every patient receives personalised and compassionate care throughout their treatment journey.

Why we invested?

Glamyo is currently disrupting the healthcare industry by being transparent about the information flow and prices of elective surgeries; all via an asset-light model that takes advanatage of empty ORs. We believe they can grow as a top player in this rapidly expanding space

location

New Delhi, New Delhi

investment year

September, 2021

investment status

Active

founders

Dr. Preet Pal Thaku Archit Garg

Healthtech

NeuroPixel AI

Generative AI to make fashion catalogue shoots and virtual try-ons a breeze

Deeptech

Generative AI to make fashion catalogue shoots and virtual try-ons a breeze

The company's technology enables retailers to create detailed digital catalogues of their clothing inventory, complete with 360-degree views and virtual try-on feature that allows customers to see how clothing would look and fit on their bodies. The company's technology is powered by computer vision and AI algorithms, ensuring accuracy and reliability.

Why we invested?

We believe the benefits that NeuroPixel brings to the cataloging process in the fashion space with improvements in cost and TAT can lead it to be one of the most important tools in every fashion brand's toolkit

location

Bengaluru, Karnataka

investment year

September, 2021

investment status

Active

founders

Arvind Venugopal Nair Amritendu Mukherjee

Deeptech

TagZ

Uber-premium healthier snack brand for GenZ

D2C

Uber-premium healthier snack brand for GenZ

Tagz is a snack brand that offers a range of chips and extruded snacks in various flavours. The company's products are made using high-quality ingredients and are free from artificial flavours, colours, and preservatives. Tagz aims to provide a tasty and healthy snacking option for people who enjoy snacks without compromising on taste or quality.

Why we invested?

The premium chip market in India has few players and the one which does it healthy (read popped), target Gen Z and has talented founders with complementary skills is TAGz whom we believe can become the top brand in this segment

location

Bengaluru, Karnataka

investment year

August, 2021

investment status

Active

founders

Anish Basu Roy Sagar Bhalotia

D2C

Flatheads

All-day casual sneakers

D2C

All-day casual sneakers

Flatheads is a footwear brand that offers innovative and stylish shoes for the new generation. The company revolutionises casual footwear through the use of natural materials such as bamboo and banana fibre, which are optimised to provide all-day comfort. Flatheads' shoes feature thoughtful design that is relevant to the modern lifestyle, making them suitable for a range of occasions, from meetings to meet-ups.

Why we invested?

The shoe market in India is largely dominated by unorganized brands and while organized brands exist, they are priced where they are inaccesible to most. Flatheads targets the market in middle of these players with the right quality-price balance and hence has the potential to be a top player in its segment

location

Bengaluru, Karnataka

investment year

September, 2021

investment status

In-Active

founders

Ganesh Balakrishnan Utkarsh Biradar

D2C

Rezo AI

AI-Powered CX Cloud For Enterprises

SAAS

Conversational AI

AI-Powered CX Cloud For Enterprises

Rezo.ai is an AI-powered customer service platform that automates customer interactions using chatbots and voice bots. The company's platform is designed to improve customer engagement and satisfaction, reduce costs, and increase sales.

Why we invested?

Customer support is one of the most important functions of any business however providing good customer service support is expensive, Rezo platform enables a solution to this exact problem by briniging in conversational AI into the mix to enable every player to have a robust customer support at low cost

location

Noida, Uttar Pradesh

investment year

January, 2021

investment status

Active

founders

Manish Gupta Rashi Gupta

SAAS

Pilgrim

Skin and hair care made easy

D2C

Personal Care

Skin and hair care made easy

Pilgrim is a beauty and personal care brand that offers a range of skincare and haircare products made with natural ingredients. The company's products are cruelty-free, eco-friendly, and free from harmful chemicals, ensuring they are safe for both people and the environment. Pilgrim's mission is to help people achieve healthy and beautiful skin and hair naturally, without compromising on quality.

Why we invested?

India's personal care market is very large at USD $10Mn and the all-natural market occupies 1/3 of this space, Pligrim's asset light approach to building an internet first all-natural brand with the founder's extensive experience in the domain made us believe that this brand can be a category leader

location

Mumbai, MH

investment year

December, 2019

investment status

Active

founders

Anurag Kedia Gagandeep M.

D2C

MultiBhashi

Ed-tech that's making learning a language fun

Consumer Internet

Edtech

Vernacular

Ed-tech that's making learning a language fun

Multibhashi is an Indian edtech startup that offers language courses through an innovative mobile app. Their courses cover various languages for learners of all levels. The company's gamified approach to language learning has earned them accolades and recognition, with a mission to make language learning accessible and affordable for all.

Why we invested?

The online language learning platform market in India has primarily been targeted by apps that help with English, MultiBhashi does things differently, it aims to be a category leader by becoming a one-stop solution to learn regional languages, a space which has traditionally been a fragmented and offline market in India

location

Bengaluru, Karnataka

investment year

May, 2021

investment status

Active

founders

Anuradha Aggrawal

Consumer Internet

we invest in people,
not just ideas

30

+

60

+

500

+

we invest in people, not just ideas

30

+

60

+

500

+

Ongrid

QuID

Medulance

Atomgrid

The Pant Project

Mannjal

Basic Home Loans

Freakins

Qoruz

Rashki

Hair Originals

Jaipur Watch Company

Sepal

Jollee

Depo24

Merapashu

Jeevam Health

Siloho

SellerGeni

Refrens

Hoggy

HealthySure

Freshhaat

StepSetGo

Omnivio

Zaroor

Fello

Glamyo Health

NeuroPixel AI

TagZ

Flatheads

Rezo AI

Pilgrim

MultiBhashi

we invest in people,
not just ideas