Kalaari Capital — Full Portfolio

India's leading digital lending platform for MSMEs

Palo Alto, US

Akash Gehani(Director)Sampad Swain(Executive Officer, Director)Mandar Dandekar(Director)

Board seatVani Kola· per SEC Form D

Co-investorsFundamentumGMO VenturePartners

Palo Alto, US

Edward Miller(Executive Officer, Director)B. Praveen Kumar(Executive Officer, Director)Saket Prashant Newaskar(Director)

BoardSumit Jain(Director)

Board seatVani Kola· per SEC Form D · $3M raise · filed Apr 2015

Gupshup provides AI-powered conversational communication solutions for businesses to automate, personalize, and scale customer interactions across multiple channels.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaS

Co-investorsCRV (Charles River Ventures)Tiger Global Management

Aeria builds digital tenant experience solutions for commercial real estate, focused on improving tenant and employee engagement, satisfaction, and retention.

AI & Machine LearningEnterprise SoftwarePropTechSaaS

Priyanka Gera(Founder & CEO)inPiyush Kateja(Co-Founder & Director)inAwnish Kumar(Co-Founder & Head of Engineering)in

Co-investorsFoundamental

AgNext operates an AI and data-driven assurance platform for rapid food quality testing, traceability, and quality-linked payments across food supply chains.

AgTechAI & Machine LearningFoodTech

Co-investorsAlpha Wave Global

Agrim operates a B2B wholesale platform connecting retailers with suppliers for agricultural inputs and related goods.

AgTechB2B MarketplacesE-commerceGurugram, IN

Co-investorsAccionCapria VenturesIndia QuotientTrifecta Capital AdvisorsOmnivore

AirPay helps dental practices automate insurance verification and patient coverage checks, integrating with major carriers to streamline front desk workflows and improve claim acceptance rates.

HealthtechSaaS

Co-investorsWavemaker Three-Sixty Health

Articulus Surgical develops a robotic surgery system designed for independent or interoperable use with existing hospital infrastructure, featuring rapid sterile docking, low inventory requirements, and a compact, low-cost footprint.

HealthtechMedical DevicesRobotics

Co-investorsGranite Hill

BlueStone is an omnichannel jewellery retailer selling certified fine jewellery such as rings, earrings, pendants, mangalsutras, bangles, and engagement rings online and through stores.

ConsumerDirect to ConsumerE-commerce

Gaurav Singh Kushwaha(Founder)in

Co-investorsAccelInfo Edge VenturesIron PillarIvyCap VenturesPeak XV PartnersSaama Capital+1 more

Bombay Play develops hybrid casual mobile games focused on social, multiplayer play with friends.

ConsumerGaming

Oliver Jones(Co-founder)Abhas Saroha(Co-founder)

Co-investorsAdvantedge FoundersLeo Capital VenturesLumikai

byteXL offers a technology education platform, including its Nimbus coding environment, that trains engineering and computer science students in skills such as programming, data science, and AI.

AI & Machine LearningEdTechFuture of Work

CashKaro is an India-based cashback and coupons platform where users shop at partner online retailers such as Amazon, Flipkart, Myntra and Nykaa via its app or site to earn cashback, which can be withdrawn to a bank account, UPI, or as gift cards.

ConsumerE-commerceRetail TechGurgaon, IN

Swati Bhargava(Founder)

Chara develops synchronous reluctance motor systems and intelligent controllers that avoid rare-earth magnets, using sustainable materials to reduce energy costs and CO2 footprint.

CleantechHardwareMobility & Transportation

Bhaktha Keshavachar(Founder)

Co-investorsArkam Ventures

CleanElectric develops EV battery packs featuring rapid-charging and swappable technology across multiple product series for two-, three-, and four-wheeler vehicles as well as stationary energy storage.

CleantechEnergyMobility & Transportation

Co-investorsIIMA VenturesInfo Edge Venturespi Ventures

Convin builds AI-powered conversation intelligence and speech analytics software that records and analyzes customer conversations for customer-facing teams such as contact centers and sales teams.

AI & Machine LearningSaaSSales Tech

Atul Shree(Founder)in

Co-investorsCapria VenturesIndia QuotientJSW VenturesSparrow CapitalTitan Capital

Toondemy provides NEP and EYFS aligned smart book sets, AI-powered learning tools, and a unified school app for preschool and kindergarten education (Preschool, Nursery, Junior KG, Senior KG).

AI & Machine LearningEdTechSaaS

CreditVidya offers automated employment verification that confirms employment details in under a minute, replacing manual checks and office visits.

AI & Machine LearningFintechSaaS

cult.fit offers fitness memberships (cultpass) providing access to group classes, gyms, at-home workouts, and sports facilities, along with weight-loss coaching, workout gear, and wellness services.

ConsumerSports TechWellness & FitnessBangalore, IN

Mukesh Bansal(Founder)

Co-investorsBetter CapitalChiratae VenturesExfinity VenturesAccelOaktreeSouth Park Commons

The Deconstruct sells skincare products, including a hydrocolloid acne pimple patch formulated with 2% salicylic acid, 0.2% tea tree oil, and ingredients like Centella Asiatica and niacinamide to treat pimples.

ConsumerDirect to ConsumerE-commerceWellness & Fitness

Malini A.(Founder)in

Co-investorsV3 Ventures

Rahul Rawat(Founder)inTanveer Ahmed(Founder)in

Co-investorsAditya Birla VenturesGlobal BrainVenture Catalyst Space

Space surveillance and intelligence company focused on protecting and defending sovereign and allied interests across contested operational domains.

Dream11 is a fantasy sports platform operated by Sporta Technologies where users create fantasy teams to play games based on real-world sporting events.

ConsumerGamingSports TechMumbai, IN

Harsh Jain(Founder)in

Co-investorsAlpha Wave GlobalThink InvestmentsDST GlobalTiger Global ManagementTPG

Pune, IN

Sandeep Deshmukh(Founder)inShitiz Bansal(Founder)in

Co-investorsSoftBank Vision FundAvataar Venture Partners

Bengaluru-based live social entertainment platform combining video and audio streaming with gaming and creator micropayments.

Bengaluru, IN

Akshay Dubey(Founder)Saurabh Pandey(Founder)in

Co-investorsBetter CapitalCourtside VenturesFundamental VCLumikaiPlay VenturesWaterBridge Ventures+2 more

Co-investorsLightbox

Equilibrium Group designs, builds, and funds computational infrastructure for decentralised technologies, operating a portfolio of web3, blockchain, and cryptography companies.

Crypto & Web3Data & InfrastructureDeep Tech

Co-investorsWintermuteAvaana CapitalPeak XV Partners

Equilibrium Earth builds carbon removal infrastructure using multiple pathways such as mangrove afforestation, sustainable paddy farming, and industrial-scale biochar production from agricultural residues and invasive biomass.

AgTechCleantechClimate Tech

Co-investorsAvaana Capital

Fanon is a platform for fan-made fiction where users discover fandoms and read or create alternate-universe stories.

ConsumerCreator EconomyMedia & Entertainment

Figr is an AI-driven product design tool that analyzes a team's product data and usage patterns to recommend UX and onboarding improvements grounded in proven design patterns.

AI & Machine LearningData & InfrastructureSaaSDelhi, IN

Chirag Singla(Founder)

Co-investorsGolden Sparrow Ventures, Llc

GuardianLink builds AI systems and blockchain infrastructure for enterprises, including agentic AI stacks, model training pipelines, RAG systems, and Layer 2 blockchain tooling, wallets, and DeFi/DApp frameworks.

AI & Machine LearningCrypto & Web3Enterprise Software

San Francisco, US

Swapan Rajdev(Executive Officer, Director)

BoardNeville Taraporevala(Director)Vijay Srinivasan(Director)

HealthPlix provides an online and offline electronic medical record (EMR) platform and clinic management software for doctors and healthcare facilities in India, including prescription tools, teleconsultation, and specialty-specific modules across 16 medical specialties.

Digital HealthHealthtechSaaS

Co-investorsChiratae VenturesAvataar Venture PartnersJSW VenturesLightspeed Venture Partners

HerKey is an online platform offering job listings, sessions, events, and community features aimed at women's career development.

FemTechFuture of WorkHR Tech

HireBound provides three autonomous AI agents plus a CRM orchestration layer that handle candidate sourcing, multilingual screening calls, and technical and cultural assessments for recruitment.

AI & Machine LearningHR TechSaaSGurgaon, IN

Sharad Vij(Founder)

Hiver is a SaaS customer service platform that turns Gmail shared inboxes into an omnichannel, AI-assisted help desk.

Co-investorsKae CapitalMars Growth Capital

Hiver is an AI-native customer service platform that unifies email, chat, Slack, voice, social, and WhatsApp into one workspace, with AI Agents that triage tickets, draft replies, and run multi-step resolutions across connected tools like Salesforce, Shopify, Jira, and NetSuite.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsLiquidity Capital

The site publishes reviews, guides, rankings, and tips about online web slot games, aimed at online casino players.

GamingMedia & Entertainment

Co-investorsIndia QuotientInnoVen CapitalSIDBI Venture Capital

Hyperbots offers an agentic AI platform with finance-specific "co-pilots" that automate accounts payable and receivable tasks such as invoice processing, accruals, procurement, payments, sales tax verification, vendor management, collections, and cash application.

AI & Machine LearningFintechSaaS

Co-investorsArkam Ventures

IndustryBuying is a B2B e-commerce platform for procurement of industrial, MRO, and office supplies, offering over 1 million products from 8,000+ brands across 25+ categories to business customers in India.

Advanced ManufacturingB2B MarketplacesE-commerceEnterprise SoftwareIndia, IN

Swati Gupta(Founder)in

Co-investorsElevation CapitalTrifecta Capital Advisors

Jar is an Indian fintech app that helps users save money by investing in digital gold, positioning itself as a simplified savings tool for everyday consumers.

ConsumerFintechSaaS

Misbah Ashraf(Founder)in

Co-investorsAdvantedge FoundersCapria VenturesEmphasis VenturesEximius VenturesKube VCLVX Ventures+11 more

Jumbotail runs a B2B marketplace platform connecting India's mom & pop grocery retailers (kirana stores) and supermarkets with brands and staples producers, offering products across staples, packaged foods, personal care, and home care.

B2B MarketplacesLogistics & Supply ChainRetail Tech

S.Karthik Venkateswaran(Founder)inAshish Jhina(Founder)in

Co-investorsBarrel VenturesCapria VenturesSC VenturesSiddhi CapitalArkam Ventures

Kindlife is an Indian online retailer selling curated skincare and fitness-nutrition products, offering K-beauty and dermatological brands (such as Beauty of Joseon, COSRX, SKIN1004, CeraVe, Bioderma) and protein/nutrition brands (SuperYou, MyFitness) with direct sourcing and authenticity certification.

ConsumerDirect to ConsumerE-commerceWellness & Fitness

Co-investorsTDV Partners

Lxme is a personal finance and investment app for women in India, offering a mutual fund investment platform (a registered AMFI mutual fund distributor) along with financial education, a community, and money coaches.

ConsumerFemTechFintech

Matters.AI builds an autonomous AI security engineer for the data and AI layer that detects, analyzes, and resolves data misuse across hybrid clouds, endpoints, microservices, and AI pipelines.

AI & Machine LearningCybersecurityData & Infrastructure

Keshava Murthy(Founder)inHarsh Sahu(Founder)in

Co-investorsBetter Capital

Co-investorsPremji Invest

MeshDefend builds an AI agentic platform ("AI-Ops") for data infrastructure, using autonomous agents to automate tasks, analyze and resolve issues, and improve security posture.

AI & Machine LearningCybersecurityData & InfrastructureBengaluru, IN

Tejas(Co-founder)inRavi(Co-founder)inRavi Chitloor(Founder)Tejas Pandit of MeshDefend(Founder)

Mercer | Mettl provides online assessment and proctoring tools used by corporations and academic institutions to conduct virtual exams, run remote proctored assessments, and hire and develop talent.

EdTechHR TechSaaS

Last-mile grocery e-commerce delivery platform in India

Co-investorsElevenX CapitalUnilever Ventures

Modulus Housing is an IIT-Madras certified company that designs, manufactures, and installs modular and foldable prefabricated buildings, including emergency shelters, temporary offices, mobile facilities, and healthcare spaces.

Advanced ManufacturingConstruction TechPropTech

Bengaluru, IN

Ashutosh Lawania(Founder)in

Co-investorsAccelOrios Venture PartnersPremji Invest

Peer Robotics develops collaborative cobots for manufacturing environments, designed to work alongside human workers to automate repetitive tasks while enhancing productivity.

Advanced ManufacturingAI & Machine LearningHardwareRoboticsNew Haven, US

Rishabh Agarwal(Founder)in

Co-investorsAxilor VenturesConnecticut InnovationsDraper AssociatesSupermorpheusTechstars

Portl is an Indian fitness technology company that makes AI-powered smart mirror devices for strength training and personalized workouts at home.

AI & Machine LearningHardwareSports TechHyderabad, IN

Armaan Kandhari(Founder)

Pype provides AI-powered voice and WhatsApp agents that handle patient communications such as appointment reminders, scheduling, post-discharge follow-ups, chronic care check-ins, and billing reminders for hospitals and healthcare providers.

AI & Machine LearningDigital HealthHealthtechSan Francisco, US

Ashish Tripathy(Founder)

Resilience AI develops Resilience360, enterprise software that scores and flags physical climate and disaster risk at the asset, portfolio, and infrastructure level for businesses, governments, and agencies.

AI & Machine LearningClimate TechEnterprise Software

Samhita R(Founder & CEO)Sundeep Reddy Mallu(Founder)

Robosoft Technologies is a digital experience company that designs and develops user experiences and applications, including streaming apps such as The Chosen App Experience built for the Come and See Foundation.

Media & EntertainmentSaaS

Samosa Party is an Indian food brand offering 15+ varieties of samosas alongside items like burrito rice bowls, wraps, chole bhature, chaats, pav bhaji, and desserts, all made fresh and preservative-free.

ConsumerFoodTechBangalore, IN

Co-investorsLVX VenturesSupermorpheus

Shopalyst offers an AI-powered marketing platform for brands to run cross-platform discovery commerce, connecting product discovery with purchase across digital media channels.

AdTechAI & Machine LearningMarketing Tech

Signzy provides identity verification and onboarding software that lets companies verify, onboard, and monitor users, with tools for phone/email/device checks, identity and business verification, AML sanctions and PEP screening, transaction monitoring, and digital contracting.

AI & Machine LearningCybersecurityFintech

Ankit Ratan(Founder)in

Co-investorsCapria VenturesGemba Capital Venture PartnersStellaris Venture Advisors 2 LlpVertex Ventures Sea Management Pte. Ltd.8i VenturesArkam Ventures

SimpliContract is an AI-native contract lifecycle management platform, powered by its proprietary mNemoAI engine, that extracts and structures contract data to track obligations, SLAs, rebates, and pricing terms.

AI & Machine LearningEnterprise SoftwareLegalTechPleasanton, US

Guru Venkatesan(Founder)inMakesh Kumar(Founder)inJinaraj Patinjakkara Gopalan(Co-Founder & CTO)in

Co-investorsArka Venture LabsEMERGENT VENTURESFoster VenturesPICUS CAPITAL

Krishna Kumar(Founder)inArchana Krishna(Founder)in

Co-investorsGSV VenturesMayfield Fund

Skit.ai provides a platform of autonomous AI agents that handle debt collections across voice, SMS, email, and chat, covering account triage, payment negotiation, propensity scoring, skip-tracing, and compliance auditing.

AI & Machine LearningFintechSaaS

Co-investorsFundamental VCSenseAI Ventures

Studio Sirah develops midcore, India-first video games that draw on Indian mythology, history, and cultural heritage combined with strategic gameplay and progression systems.

GamingBengaluru, IN

Prateek Shah(Founder)

Co-investorsLumikai

SuperBryn is an evaluation and observability platform for voice AI agents, offering pre-deployment testing, production monitoring across the STT-LLM-TTS pipeline, and failure tracing.

AI & Machine LearningDeveloper ToolsSaaS

Swipe Technologies operates Float, a cross-border business payment platform, and Accounteer, a cloud-based accounting and bookkeeping service for companies and independent professionals.

FintechLondon, GB

Jesse Ahin(Founder)

Co-investorsY Combinator

Co-investorsNSRCEL

Bengaluru full-stack fintech that manufactures and socially distributes credit, insurance, and savings products for emerging-middle-class families in 5,000+ small Indian towns through a network of local financial advisors and an in-house AI stack.

Bengaluru, IN

Vishal Chopra(Founder)inHimanshu Gupta(Founder)in

Co-investorsPICUS CAPITALSony Ventures Corporation3one4 Capital

YourStory is an Indian digital media outlet that publishes news, profiles, and features on startups, entrepreneurs, technology, and business.

Media & Entertainment

Co-investorsQualcomm Ventures3one4 Capital

Zluri provides an identity security platform built on IRIS, a real-time identity intelligence layer that discovers, analyzes, and governs human and non-human identities and their access across enterprise systems.

CybersecurityEnterprise SoftwareSaaS

Sethu Meenakshisundaram(Founder)inChaithanya Yambari(Founder)in

Co-investorsCrane Venture PartnersEndiya PartnersLightspeed Venture PartnersMassMutual Ventures