Our Portfolio
We see the value in entrepreneurs at their earliest stages and back them until the rest of the world sees it too.
Sector : healthcare
Disease patterns in India have undergone a dramatic shift. Non-communicable diseases are emerging as a major cause of increased morbidity and mortality. This shift necessitates lifestyle changes with continuous screening and adherence to clinical protocols. Further, chronic conditions such as anaemia continue to have a high prevalence. More than half the women of childbearing age in India are anaemic and 33% are undernourished. A malnourished mother is more likely to give birth to malnourished children. In addition, the burden of diabetes is high and increasing globally. The estimates in 2019 showed that 77 million individuals had diabetes in India, which is expected to rise to over 134 million by 2045.
Biosense has developed point-of-care devices that address extremes of anaemia, diabetes and more. Their flagship product – ToucHb – is a non-invasive anaemia screener, which means it detects anaemia without a needle poke by identifying the presence of pallor in conjunctiva. Another key product developed by Biosense is Biosense SYNC. This is a smart, all-in-one, compact sized glucometer designed for personal use. It is designed, developed and manufactured in India, and has affordable glucose test strips provided with it. Biosense uses connected diagnostics with geo-tagging. Data generated by these devices enable targeted use of scarce government resources. All its devices are portable,, and they use advanced algorithms to deliver care in under-resourced settings.
Sector :
healthcare
FOUNDERS
Dr. Abhishek Sen
Mr. Aman Midha
Dr. Yogesh Patil
HEADQUARTERS
Thane, Maharashtra
FOUNDING YEAR
2008
INVESTMENT STAGE
Early Stage
YEAR OF INVESTMENT
2016
DEVELOPMENT GOALS
Sector : education
An estimated 89% of K-12 students in India do not have proficiency in reading literacy at or above the baseline level needed to participate effectively and productively in life. This has been established as one of the root causes that is adversely impacting the quality of education in India’s schools and the confidence levels of many children.
Stones2Milestones (S2M) is building an English Operating System for the world. Just as a computer needs an operating system, the world needs an OS for English as a second language. S2M’s flagship product is fREADom – an english learning ecosystem for children of ages 3-12. This ecosystem comprises an app, a live online group class, a live 1:1 class, a blog, and a YouTube channel. fREADom was launched in 2016 as a reading-as-a-life-skill product. S2M believes that one can achieve true freedom only when one can read.
Sector :
education
FOUNDERS
Mr. Kavish Kumar Gadia
Mr. Nikhil Saraf
HEADQUARTERS
New Delhi, Delhi
FOUNDING YEAR
2008
INVESTMENT STAGE
Early Stage
YEAR OF INVESTMENT
2018
SECTOR : education
Mathematics is called the queen of all subjects and also the mother of all sciences. But for millions of students Maths elicits fear. India has displayed its love for mathematics since the Vedic period. India’s contribution to the world of mathematics includes the discovery of zero, the decimal number system and negative numbers.
The National Achievement Survey 2017, conducted by the MHRD, to assess learning outcomes among children across India in different subjects shows class 3, 4 and class 5 students getting 64%, 53% and 42% respectively in the mathematics test. This shows a trend of declining interest in mathematics. More concerning is the fact that the Central Board of Secondary Education (CBSE) confirmed that only 21% students passing class 10 opt for mathematics at the senior secondary level.
Math Buddy aspires to change this. The company provides schools and students with comprehensive maths learning solutions for Grades 1-10. Its offering includes hands-on activities and online practice, and it also prepares students for Math Olympiads. The activities covered by Math Buddy are mapped to the approved curriculum. It sets up dedicated maths labs in schools, and its hands-on activities make the concepts simpler and enjoyable to imbibe. The concepts are then reinforced through continuous practice, with a dashboard providing granular data to students, parents, and teachers on progress made by students against each of the concepts.
SECTOR :
education
FOUNDERS
Mr Kannan Kalyanasundaram Bharadwaj
Mrs. Bharathy R. Bharadwaj
HEADQUARTERS
Vadodara, Gujarat
FOUNDING YEAR
2012
INVESTMENT STAGE
Early Stage
YEAR OF INVESTMENT
2016
Sector : healthcare
Antimicrobial resistance (AMR) has emerged as a major threat to public health. Resistant infections can be difficult, and sometimes, impossible to treat. Misuse and overuse of antibiotics is the main cause of AMR. Lack of clean water and sanitation and inadequate infection prevention and control promotes the spread of microbes, some of which can be resistant to antimicrobial treatment. India carries one of the largest burdens of drug-resistant pathogens worldwide.
Diagnostic cultures take 3-5 days and during this time medication gets initiated without the culture results being known. This can accelerate AMR. Hence, it becomes critical to have diagnostic technologies that can undertake rapid pathogen identification, which will lead to quicker, targeted treatment and medication, ultimately eliminating AMR.
Omix has developed a next generation molecular biology-based diagnostics platform for rapid detection of infectious diseases. Its DNA-based proprietary tests allow detection of infection-causing bugs within a few hours. Omix provides specific information on AMR, enabling targeted treatment. More importantly, its proprietary ambient stable protocols make it possible to use it in under-resourced settings.
Sector :
healthcare
FOUNDERS
Dr. Sudeshna Adak
Dr. Abhinanda Sarkar
HEADQUARTERS
Bengaluru, Karnataka
FOUNDING YEAR
2014
INVESTMENT STAGE
Early stage
YEAR OF INVESTMENT
2018
Sector : education
Today, 65% of youth in India are in the working age group. This demographic advantage can be harvested through skill development of the youth so that they add not only to their personal growth, but to the country’s economic growth as well.
Leap Skills was launched to provide project-based skill training and placement to motivated, undergraduate students from tier-3 cities and rural areas of northern India. Course content was developed in partnership with a few leading corporate partners, covering the IT, retail, hospitality and BFSI sectors. Leap Skills later added an employment-focused English communication program for young graduates, and partnered with National Skill Development Corporation (NSDC) to provide upskilling and training for already-employed informal sector workers.
Sector :
education
FOUNDERS
Ms. Megha Aggarwal
Mr. Arjun Raychaudhuri
Mr. Ankit Durga
HEADQUARTERS
New Delhi, Delhi
FOUNDING YEAR
2013
INVESTMENT STAGE
Early stage
YEAR OF INVESTMENT
2015
Sector : agriculture
Of the 580,000ha land being used for tea cultivation, 65% is managed by large estates and only 35% by small tea growers. Average land holding of these small tea growers is less than 1ha. At the same time, they face considerable challenges, such as non-availability of finance, pest and disease attacks accelerated by climate change, poor agronomic practices that lead to low quality tea leaves, very limited access to high value markets and hence low share of the consumer rupee.
Iron Kettle is a unique business model that challenges the notion that small growers have inherent and unsurmountable diseconomies of scale. It starts with the premise that a small grower can deliver superior quality that the market will reward with higher prices.
Iron Kettle aims to establish a leading front-end tea brand, providing premium tea grown by small tea growers using sustainable tea practices. The market position is centred around small tea growers with end-to-end traceability and premium blends to cater to high value tea consumers.
Sector :
agriculture
FOUNDERS
Incubated by Menterra Social Impact Fund 1
HEADQUARTERS
Bengaluru, Karnataka
FOUNDING YEAR
2022
INVESTMENT STAGE
Early Stage
YEAR OF INVESTMENT
2022
Sector : education
With the advent of technology and the emergence of new sectors, there has been an explosion of career options for students to choose from. However, due to lack of relevant information and guidance, students make career choices that don’t suit them. In a survey conducted by an online platform, of the 10,000 students in the age group of 14-21 years, 93% were aware of just 7 career options. Likewise, parents too lack awareness about professional and vocational pathways available for their children. In addition, 93% of schools in India do not have a dedicated professional counsellor, and consequently, students from middle and low-income households do not get the career guidance they require. Between 2020 and 2030, India will add 101 million people to the working age group. A key enabler to utilise this enormous demographic dividend is career guidance, and this will play a vital role in building a better skilled and more satisfied workforce.
iDreamCareer.com (iDC) is a career guidance and counselling company that guides students towards achieving their most suited careers. iDC has a database of well-researched content on more than 570 career pathways, 25,000 colleges and 1000 entrance exams and scholarships. The iDC online portal has more than 1000 hours of career content while the iDC app provides personalized content based on the student’s context and aspirations. This content is complemented with a psychometric assessment that makes students aware of their aptitude, personality type and interest areas. This is followed by one-on-one counselling sessions with certified career counsellors. Counselling guides the student through a career fitment process of assessing the most suitable options, both in terms of next steps in education and longer-term careers. Once chosen careers are defined, iDC has a college application program that supports the students in profile building, scholarship information, helpline support on colleges, and live counselling.
Sector :
education
FOUNDERS
Mr. Ayush Bansal
HEADQUARTERS
New Delhi, Delhi
FOUNDING YEAR
2012
INVESTMENT STAGE
Early stage
YEAR OF INVESTMENT
2022
Sector : agriculture
India is the second largest producer of wheat and rice – world’s major food staples. India is also currently world’s second largest producer of several dry fruits, agriculture-based textile raw materials, roots and tuber crops, pulses, farmed fish, eggs, coconut, sugarcane and numerous vegetables. 58% of India’s population depends on agriculture as their primary means of livelihood. 85% of India’s farmers cultivate in less than five acres of land, half of which, in many parts of India, may be rain-fed. Small farmers contribute 51% of agricultural output with 46% of operated land. However, these farmers face severe challenges such as low productivity, natural calamities, perishability owing to poor cold chain logistics, and weak access to higher paying markets.
Farm Folks procures fruits and vegetables from smallholder farmers at their farm gate. It provides residue-free fresh produce to online and offline retailers, and offers on-farm advisory from sowing to harvest for select crops. Farm Folks also educates farmers in globally accepted agronomic practices (GAAP) to help them realise a better price for their produce.
Sector :
agriculture
FOUNDERS
V.G. Lakshmipriyan
N. Mahadeva Prasad
HEADQUARTERS
Bengaluru, Karnataka
FOUNDING YEAR
2015
INVESTMENT STAGE
Early stage
YEAR OF INVESTMENT
2018
Sector : education
In 2016, India ranked as a global leader in the number of students graduating university, with around 78 million graduates. However, of these only 2.6 million or 3.3% were STEM graduates. Later, by the year 2018, India had almost 32% students picking up STEM learning. This upward trend of STEM education is directly linked to the employability rates among Indian graduates: STEM degrees like Bachelors in Engineering or Bachelors in Technology had the highest rate of employability. However, despite an array of advantages, India still has a gap in skilled workforce when it comes to STEM.
Various research reports have shown that learning levels for students from low-fee private schools and government schools are consistently below grade level. These gaps are particularly evident in Maths and Science. There are different types of learners with different learning styles in one classroom. Therefore, a variety of learning methodologies (experiential learning) and technology (personalized learning) need to be leveraged to close the learning level gaps. This could include activities and labs for science and hands-on manipulatives for math.
Curiositi Learning Solutions creates high-impact solutions that help students learn the fundamentals of STEM – Science, Technology, Engineering, and Mathematics. They have an extensive range of STEM technology, kits, and games that encourage children to problem-solve, innovate, and create.
Sector :
education
FOUNDERS
Mr. Manoj Thandassery
Mr. Vinod Abraham
HEADQUARTERS
Bengaluru, Karnataka
FOUNDING YEAR
2013
INVESTMENT STAGE
Early Stage
YEAR OF INVESTMENT
2016
Sector : education
With 260 million school-going children and alarming drop-out rates, delivering grade-level learning requires significant changes in current teaching methodologies. It needs to be supported by an innovative pedagogy that uses interactive technology and advanced learning tools to deliver creative and critical thinking, which is crucial to the development of students into confident and lifelong learners.
Chrysalis is one of the leading full school solution providers. As an integral academic partner to schools, it provides books, question-based learning materials focused on cognitive development, teacher assistant tools, tech-enabled granular student assessment, ICT activities to engage parents, and home learning applications. Their flagship product – Think Room – creates transformative learning experiences.
When it comes to Textbooks vs Think Room, Chrysalis is way ahead. Regular textbooks are filled with chunks of texts with no activities. The questions in classroom textbooks are such that they promote rote learning, while in the think room, the information is presented through colourful images and activities so students understand and retain what they’ve learned. Sub-activities and questions ensure that concepts are thoroughly understood. In Thinkroom, plain text is minimal and they look like colourful comics that students will be eager to pick up even when they are not in the classroom. Simple and easy to understand, Think Room takes care of knowledge, understanding, application and skill building.
Sector :
education
FOUNDERS
Chitra Ravi
Nagappan Valliappan
HEADQUARTERS
Chennai, Tamil Nadu
FOUNDING YEAR
2001
INVESTMENT STAGE
Growth
YEAR OF INVESTMENT
2018
Sector : agriculture
India’s diverse climate ensures it can produce a variety of fresh fruits and vegetables. India ranks second in fruit and vegetable production in the world, after China. As per the National Horticulture Database 2020-21, India produced 102.48 million metric tonnes of fruits and 200.45 million metric tonnes of vegetables. The area under fruit cultivation stood at 9.6 million hectares while vegetables were cultivated in 10.86 million hectares of land.
Aibono is a farm-to-retail platform dealing in high-value and perishable hill vegetables. It provides high quality seeds and other planting material in advance to farmers, based on projected retail demand. AiBono procures the produce at the time of harvest, right from farm gate and sells to neighborhood retail stores in the city of Bengaluru.
Sector :
agriculture
FOUNDERS
Mr. Vivek Rajkumar
HEADQUARTERS
Benguluru, Karnataka
FOUNDING YEAR
2014
INVESTMENT STAGE
Early stage
YEAR OF INVESTMENT
2018
Sector : healthcare
It is estimated that around 6.7 million people in the world are suffering from chronic wounds. One in four diabetes patients develop ulceration in the foot, and 70% of these wounds do not get healed because of a mismanaged infection. The traditional ways in which an infected wound is diagnosed is through a culture test, doppler test, CT angiography or biopsy. These are costly, and the report generation takes a few days, depending on where the patient is located.
Adiuvo Diagnostics’ flagship product – Illuminate – is a rapid, point-of-care, handheld device that diagnoses wound infections and does pathogen classification in significantly less amount of time than traditional methods. Living bacteria have an autofluorescence property; it emits light in response to appropriate stimuli. Illuminate creates multi-spectral images of an infected wound based on the light emitted by the pathogens and assesses the images using AI and deep learning. It is then able to detect and classify the pathogen in less than 2 minutes! This platform technology has wider application beyond wound management to areas such as skin parameter assessment, cancer diagnostics, and water quality assessment.
Sector :
healthcare
FOUNDERS
Geethanjali Radhakrishnan
HEADQUARTERS
Chennai, Tamil Nadu
FOUNDING YEAR
2015
INVESTMENT STAGE
Early stage
YEAR OF INVESTMENT
2018
