Browse through our feature portfolio
Using our SPEED framework we have backed innovative business models that use technology to build scalable and sustainable companies
Delivering fresh fruits and vegetables to your doorstep in under 30 minutes
Agritech
Meet the Founders
Atul Kumar
CEO
IIT-Kharagpur, IIM-Indore alumnus
13 years’ experience in finance and business strategy across SBI, Reliance Capital and Edupristine (Co-Founder)
Sumit Rai
CTO
8 years’ experience in technology and business strategy across Sodel Solutions, Tubett (Co-Founder), Savvy Investments and Cogoport
Vikas Dosala
COO
IIT-Madras, IIM-Calcutta alumnus. 8 years’ experience in building new age businesses at Asian Paints
Aashish Krishnatare
Head of Growth
IIT-Guwahati alumnus.
3 years’ experience in organizational development and business strategy across GoPigeon and Comezo
Addressing the $300 billion, of which 99% is fragmented and offline, Fraazo supplies fresh fruits and vegetables to your doorstep within 18 hours of harvest, promising a delivery time of 30 minutes from placing the order.
The Journey
Fraazo is founded by Atul, who previously started EduPristine. They raised money from Rajesh, the only Angel investor and then from Accel and eventually sold the business to Kaizen & DeVry University. Equanimity is the first investor in the company and has participated in all rounds including the latest $11 mn from SS & NAB Ventures. We also got one of our marquee LPs to co-invest. The market is $300bn+ with less than 1% digitised. Convenience, freshness, changing lifestyle and comfort of online buying are tailwsinds driving this model. The company is already bigger than BB in Mumbai doing more than 1.5 lac orders p.m.
How it fits into our approach
Experienced management team
Going after large markets
With scalable value offerings
Entered at the right time
Proprietary deal flow
Riding the winners
Making engineers job-ready through personalised coding courses
Edtech
Meet the Founders
Mamta Kumari
CEO
6 years’ experience in technology across Samsung and Amazon
Aditya Verma
COO
IIT Khargpur alumnus. 6 years’ experience in product and growth across Power2SME and Healthians
Serving the emerging US$4 billion market, Prepbytes is India’s only platform offering personalized courses and programs for coding with an objective of improving employability in over 4 million engineering graduates
The Journey
Prepbytes is a coding platform for engineering students. There are 15 Mn engineering students graduating every year of which 90% of the students don't know what course needs to be taken or what websites should be referred to, in order to get a job. Therefore, PB targets students from Tier 2 and 3 plus colleges who need handholding. In terms of numbers, 89% of the students on PB come from Tier 2 and 3 colleges. Their courses are even personalized based on the student's understanding of the topic. End goal of the courses is to make the students job ready. They have 100k students on their platform and doing an ARR of INR5 Cr. Median age in India will be 28 years by 2022-23. 80% of engineering colleges don't have a computer as well.
How it fits into our approach
Going after large markets
With scalable value offerings
Entered at the right time
Enabling users to create, engage and monetize their content
Social Media
Meet the Founders
Navin Pai
Co-founder
25 years’ experience in technology across HCL, Mastek, Zipcash (CTO) and Digicita Venture Studio
Deepak Choithramani
Co-founder
IIT Khargpur alumnus. 6 years’ experience in product and growth across Power2SME and Healthians
Serving the emerging multi-billion dollar passion economy, Thinkly is the world’s first platform for thought provoking content creators to connect and exchange ideas with people having common interests and earn money via subscriptions
The Journey
Thinkly helps independent writers, thinkers, journalists, and other content-creators to monetise their content through subscriptions. There are 45 Mn content creators in India of which only 1k creators are able to monetize. For creators, the main challenge is making money, and Thinkly is solving just that. It is started by the co-founders of one of India's earliest mobile payment companies, ZipCash which was sold to Ola in 2015 which now powers Ola Money.
How it fits into our approach
Experienced management team
Going after large markets
With scalable value offerings
Entered at the right time
Proprietary deal flow
Reinventing India’s snack market through cloud kitchens
FoodTech
Meet the Founders
Shikhar Veer Singh
CEO
6 years’ experience in research and development at Biocon
Nidhi Singh
COO
10 years’ experience in sales at BioXcel Corporation
Serving a US$ 5 billion market, where branded snacks are sold at a 25% premium compared to unbranded products. Starting with samosas, they now cater a whole menu of healthy Indian snacks. They make and pack frozen snacks at a central kitchen and sell through their own and partner-owned cloud kitchens listed on food aggregator platforms.
The Journey
Started by a husband wife duo who sold their house to build their dream business. They are into the cloud kitchen model catering to the snack category. They sell samosas and other snack items on food aggregator platforms like Swiggy, Zomato, Amazon, etc. They have a central kitchen in Bangalore and 45 cloud kitchens across 4 cities - Bangalore, Hyderabad, Pune and and Mumbai.
How it fits into our approach
Experienced management team
Going after large markets
With scalable value offerings
In a capital efficient manner
Entered at the right time
Proprietary deal flow
Riding the winners
Buying and building e-commerce first brands
E-commerce
Meet the Founders
Utsav Agarwal
CEO
11 years’ experience in operations, growth and marketing across FanManager, #nwplyng (Founder), Uber and Glovo
Pulkit Chhabra
COO
ISB alumnus. 9 years’ experience in marketing, strategy and growth across SilentGraphics (Founder), Eveready, Indolution (Founder), Uber, WeWork and Remo
Evenflow acquires digital-first ecommerce sellers, and provides them with infrastructural and marketing support, enabling them to scale exponentially
The Journey
It is based on the Thrasio model in the USA which has gained tremendous traction. The model has been the fastest growing profitable unicorn with comparables coming up in each Amazon territory. The founder, Utsav, is an aggressive go-getter person. He scaled Uber in India and launched Bangladesh market. He then took Glovo (like Swiggy in Europe) to EMEA region - launched in 9 countries. Evenflow is an acquirer of third-party sellers of Amazon, Flipkart, Myntra, etc. Their focus cateogories are petcare, home & kitchen, babycare. They typically acquire at 3-5x of TTM EBITDA through a combination of debt and equity. The company has already acquired, one in pet care & the other in sustainable cutlery products. It has already signed LOIs with 3 more brands. Over 50% of sales on Amazon USA is through third party sellers. There are 5K+ sellers in India doing more than INR 1 cr. p.a. revenues.
How it fits into our approach
Going after large markets
Entered at the right time
Proprietary deal flow