DMI AIF Sparkle Fund
Venture capitalNew Delhi · Seed–Late Stage · 6 people tracked
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Investment thesis
The Sparkle Fund focuses on fintech, investing in companies that bring technology and innovation to core financial businesses such as consumer digital lending, corporate lending, housing finance and asset management. It seeks companies capable of building outstanding technology solutions or products in the financial sector, or those with a hard-to-replicate intellectual property advantage. The fund draws on DMI's deep understanding of lending and asset management businesses to identify and support new-age credit, insurance, personal finance and investment platforms serving a fast-changing, digitally transforming financial universe.
Source: firm website, verified Sep 27, 2026.
Team · 6 people
from the firm's websiteWhat they invest in
from 19 of 25 portfolio companiesFintech ×14SaaS ×7Enterprise Software ×5AI & Machine Learning ×4Consumer ×3Climate Tech ×2Crypto & Web3 ×2InsurTech ×2
HQs:India×13United States×1
Who they back
founder profiles across 14 portfolio companiesFounding team size:solo founder×12 founders×63 founders×44+ founders×3
Where their founders studiedfrom 24 founders with education data
Indian Institute of Technology, Delhi ×4Indian Institute of Technology, Bombay ×3Jadavpur University ×3Birla Institute of Technology and Science, Pilani ×2
What their founders studiedfrom 24 founders with field-of-study data
Engineering ×12Business & Management ×8Computer Science ×4Finance & Accounting ×3
Where their founders worked beforefrom 27 founders with career history
Flipkart ×2HSBC ×2Karvy Private Wealth ×2PayPal ×2Royal Sundaram Alliance Insurance Company Limited ×2Xelpmoc Design & Tech ×2
1 founders hold a PhD · 7 hold an MBA (of 26 with degree data)
Investments · 25 tracked
founders shown can be your intro pathArya AI provides cash flow forecasting solutions using AI and ML algorithms to analyze financial data and market trends, delivering real-time forecasts for financial decision-making.
AI & Machine LearningEnterprise SoftwareFintechLegalTech
Vinay Kumar Sankarapu(Founder)in
ASQI is a fintech and sustainability-focused company that develops blockchain and capital market solutions for financing a sustainable economy.
AgTechCircular EconomyClimate TechCrypto & Web3FintechImpact & Social GoodNagaland, IN
Swapnil Pawar(Co-founder and CEO)inPalak Nanjani(Co-founder and COO)in
Credgenics offers an AI-powered debt collection and loan recovery software platform covering digital communications, predictive dialer, legal notices, litigation management, field collections app, payments, and online dispute resolution.
AI & Machine LearningFintechSaaS
Rishabh Goel(Founder)inAnand Agrawal(Founder)in
Co-investorsAccelTanglin Venture PartnersTitan Capital
Data Sutram offers an enterprise AI platform that uses external intelligence and agentic workflows to address fraud, credit assessment, and recovery.
AI & Machine LearningEnterprise SoftwareFintech
Rajit Bhattacharya(Founder)inAisik Paul(Founder)inAnkit Das(Founder)in
Co-investors100XB Capital GroupB4 CapitalLightspeed India PartnersLightspeed Venture PartnersVaranium Capital Advisors+4 more
EazyDiner is a restaurant discovery, reservation, and dining rewards platform covering over 40,000 restaurants across 150+ cities in India and the UAE.
ConsumerFoodTechMarketplaces
Sachin Pabreja(Founder)inKapil Chopra(Founder)in
Co-investorsSaama Capital
Bhavik Vasa(Founder)in
Co-investorsChiratae VenturesSony Ventures CorporationVaranium NexGen
HomeCapital is a platform that provides community, guidance, and educational content to support home buyers through their purchase journey and homeownership process.
MarketplacesPropTech
Co-investorsCore91.vcJITO Angel NetworkVaranium NexGen
KNAB Finance is a non-banking financial company that provides loans against financial assets to small and medium enterprises, using technology to reduce costs and improve credit assessment.
FintechDelhi, IN
M2P Fintech provides fintech infrastructure and supports fintech startups and entrepreneurs.
AI & Machine LearningEnterprise SoftwareFintechSaaSChennai, IN
Madhusudanan R(Founder)inMuthukumar A(Co-founder)inPrabhu Rangarajan(Founder)inMuthukumar Ayyakkannu(Founder)
Co-investors8i VenturesBetter CapitalInsight PartnersBEENEXTFlourish VenturesHelios Investment Partners+10 more
Digital payment and wallet platform
Bipin Preet Singh(Founder)inUpasana Taku(Founder)in
Co-investorsBlackSoilGMO VenturePartnersPeak XV PartnersTrifecta Capital AdvisorsAmerican Express Ventures (Amex)
Moneyview is a personal finance and lending platform offering loans, savings, insurance, expense tracking, and payment services to consumers in India.
ConsumerFintechIndia, IN
Puneet Agarwal(Founder)inSanjay Aggarwal(Founder)in
Co-investorsAccelAlteria CapitalEvolvence India FundLok CapitalSouth Park CommonsTranspose Platform Management+1 more
OneScore provides free credit score monitoring and personalized credit-building tools for Indian consumers, integrating data from Experian and CIBIL credit bureaus with actionable insights to improve creditworthiness.
Fintech
QueueBuster is an Android-based mobile POS super app for businesses in India, offering billing, inventory, digital ledger (Khata), online store, customer, and loyalty features.
FintechRetail TechSaaSNoida, IN
Arun Tangri(Founder)inVarun Tangri(CEO & Founder)in
Co-investorsChiratae VenturesFlourish VenturesOmidyar Network India
Quickwork is a workflow automation platform with a drag-and-drop interface designed for non-technical users to build simple or complex integrations.
Cloud ComputingEnterprise SoftwareSaaS
Dr. Milind R. Agarwal(Founder & CEO)inDeepak Bhatia(Co-founder)inOmkar Sathe(Co-founder)in
Riskcovry operates an AI-driven, product-agnostic platform for insurance distribution, offering an "Insurance-in-a-Box" solution that lets enterprises access, configure, and offer insurance products across channels through a single integration.
FintechInsurTechSaaS
Sorabh Bhandari(Co-founder)inChiranth Patil(Co-founder)inSuvendu Prusty(Co-founder)inVidya Sridharan(Co-founder)Asif CH(CTO)in
Co-investorsBetter CapitalIIMA VenturesPentathlon VenturesVaranium NexGenCapital-A
Scripbox is an online personal finance and investment management platform that helps individuals invest in mutual funds and plan their finances.
Fintech
Ashok Kumar(Founder)Atul Shinghal(Founder)Sanjiv Singhal(Founder)
Co-investorsAccelOmidyar NetworkFlucas VenturesKube VCLVX VenturesNuVentures+2 more
Servify provides turn-key product protection and after-sales service offerings that brands can extend to their customers.
Enterprise SoftwareInsurTechSaaSMumbai, IN
Co-investorsIron Pillar
slice is an Indian full-stack small finance bank (India's first fintech-turned-bank after merging with North East Small Finance Bank) offering consumer banking products such as savings accounts, fixed deposits, UPI, a UPI credit card, and credit/borrowing services.
ConsumerFintechSaaSBangalore, IN
Rajan Bajaj(Founder)inAviram Berg(Founder)Eric Botto(Founder)Harpinder Singh Madan(Founder)Ilir Sela(Founder)Maor Levran(Founder)
Co-investorsInsight PartnersAdvent InternationalBlume VenturesTiger Global Management8i VenturesBetter Capital+15 more
Low code data gateways to unlock payroll and independent worker platforms
FintechSeattle, US
Meet Semlani(Founder)inPramey Jain(Founder)inMeet SChristopher Doyle(Executive Officer, Director, Promoter)Sage Raterman(Executive Officer, Director, Promoter)
Co-investors500 GlobalEmphasis VenturesTitan CapitalVaranium Capital AdvisorsVaranium NexGenWorldQuant Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
42 CardsFinancePeer, HomepageFinvu, HomepageMonsoon Fintech, Homepage
Frequently asked questions
- How many investments has DMI AIF Sparkle Fund made?
- DMI AIF Sparkle Fund has 25 tracked investments.
- What stage does DMI AIF Sparkle Fund invest at?
- DMI AIF Sparkle Fund invests at the Seed, Late Stage stages.
- What sectors does DMI AIF Sparkle Fund focus on?
- DMI AIF Sparkle Fund focuses on Fintech, InsurTech.
- Where is DMI AIF Sparkle Fund located?
- DMI AIF Sparkle Fund is headquartered in New Delhi, IN.
- Who does DMI AIF Sparkle Fund co-invest with?
- DMI AIF Sparkle Fund most often shares deals with Varanium NexGen, Accel, Better Capital, among 49 tracked co-investors.
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