Rainmatter Capital

Founded in 2016, Rainmatter Capital is a venture capital firm headquartered in Bangalore, India. It focuses on investing in innovative Indian startups operating in the fintech sector.

Dilip Kumar

Head of Investments

Kailash Nadh Ph.D

Co-Founder and Partner

Past deals in South Asia

Hasiru Dala Innovations

Seed Round in 2025
Hasiru Dala Innovations is a Bengaluru, India-based waste management and urban gardening company. It provides end-to-end waste services for corporates, residents, and venues, including collection and transportation of organic, inorganic, and e-waste, as well as garden waste, and on-site solutions such as composting and biogas plant operations. The company supports urban gardening initiatives, conducts event waste management, performs waste audits and advisory services, and pursues plastic waste recycling and producer responsibility programs. It also develops and sells sustainable products, such as BioClean, an organic composting accelerator, Honeybee Home Composter Kit, and jute grow bags. Beyond services, Hasiru Dala operates a social livelihood platform to support waste pickers and collaborates with authorities to promote responsible waste handling and destination-oriented recycling. Founded in 2015, the company serves corporate and residential customers and hospitality sectors, aiming to advance sustainable living through integrated waste management and community participation.

The Sustainability Cloud

Series A in 2024
The Sustainability Cloud offers a software platform focused on enhancing transparency and compliance in environmental, social, and governance (ESG) reporting. It streamlines data collection, analysis, and reporting processes to aid companies in adopting sustainable practices and improving their environmental footprint. The platform also provides educational resources for users to become certified in sustainability.

Solinas

Venture Round in 2024
Solinas is a developer of innovative robotic technologies aimed at addressing critical infrastructure challenges related to water leakage and sanitation in India. The company designs inspection robots capable of detecting defects in pipelines, including leaks, gas pockets, corrosion, sediments, and dents. By employing non-destructive testing techniques, Solinas provides comprehensive internal condition assessments that help identify and analyze pipeline issues. Their solutions not only enhance the longevity of essential assets but also facilitate preventive maintenance for sectors such as oil and gas, petrochemicals, and power plants. Additionally, Solinas focuses on eliminating manual scavenging and improving water accessibility, thereby contributing to broader public health and environmental goals.

The Arc

Seed Round in 2024
The Arc is a digital media platform focused on enhancing understanding of the evolving technology landscape, particularly within the Indian digital economy. It provides comprehensive coverage of the technology sector, including news, analysis, and commentary on significant unicorns, defining themes, and emerging trends. The company employs a team of experienced journalists and analysts dedicated to delivering timely and insightful information, allowing readers to stay informed about the latest developments and gain a deeper understanding of the trends shaping the industry.

Game Theory

Seed Round in 2023
Founded in 2018, Game Theory is a Bengaluru-based startup that combines technology and sports. It offers coaching services for swimming, badminton, and squash on a membership basis, along with free equipment rental and chlorine-tested pools. The company aims to provide affordable, video-gaming-like sporting experiences.

Emoha Elder Care

Series B in 2023
Emoha is transforming eldercare in India by providing a comprehensive range of at-home services tailored specifically for seniors, regardless of their age or health condition. The company focuses on creating a supportive environment that allows elders to remain in their homes, which is where they often feel the happiest and most secure. Emoha offers services such as health tracking, home safety assessments, and life support, employing technology to enhance the quality of care at home. Their approach includes detailed health and home evaluations to identify potential hazards, integrating smart sensors for emergency responses, and digitizing health records for seamless access by caregivers and medical professionals. Led by experienced leaders in care management and technology, Emoha aims to cultivate a community where seniors can thrive, feel cared for, and maintain their independence while enjoying emotional well-being in their familiar surroundings.

The Ken

Series B in 2023
The Ken is a digital subscription-based publication based in Bangalore, India, founded by a team of seasoned journalists and entrepreneurs. It focuses on delivering original business insights through well-crafted narratives that cater to professionals, entrepreneurs, investors, and leaders. The platform provides timely news, analysis, and editorial content, enabling subscribers to stay informed about the latest developments in the business world. By emphasizing quality storytelling, The Ken aims to offer a unique perspective on current affairs, setting itself apart in the digital media landscape.

Devils Circuit

Seed Round in 2023
Devils Circuit is India's first and most premier obstacle race with a footprint in over 10 cities across India.

MProfit

Venture Round in 2023
MProfit is a technology company that develops portfolio management and accounting software for individuals, professionals, and investment communities in India. The platform consolidates multi-asset investments across stocks, mutual funds, bonds, fixed deposits and other assets, and integrates with an accounting module to provide comprehensive visibility into personal, family and client portfolios. It features a proprietary data import engine that aggregates information from more than 3,000 sources in diverse formats, enabling automated tracking and consistent reporting. The software serves investors, traders, family offices, financial advisors and CPAs by simplifying portfolio oversight, reporting, and tax-related capital gains calculations, all in one place. By combining investment tracking with accounting functionality, MProfit aims to streamline financial management for its user base and support informed decision-making.

Castler

Seed Round in 2022
Castler is a technology-driven company established in 2020 in Delhi, India, focused on transforming the escrow services landscape. By digitizing the escrow process, Castler aims to make these services more accessible and convenient for both enterprises and consumers. The company's platform offers a secure environment for transactions, featuring two-factor authentication, digital escrow capabilities, email notifications, and comprehensive transaction data. This innovative approach addresses the challenges of fraud and uncertainty in payment environments, enabling users to engage in secure transactions when buying or selling goods on various platforms and marketplaces.

Agnikul

Seed Round in 2021
Agnikul Cosmos Private Limited is an Indian space technology startup founded in 2017 and based in Chennai, Tamil Nadu. The company specializes in the design, manufacture, testing, and launch of orbital-class rockets specifically tailored for micro and nanosatellites. Operating from the National Center for Combustion R&D at IIT-Madras, Agnikul's team comprises rocket scientists, engineers, ex-bankers, and space lawyers, contributing to a diverse skill set that enhances its capabilities. The company's launch vehicles are fully mobile and can be deployed from various launch ports, utilizing kerosene as fuel. This innovative approach allows for access to both low and high-inclination orbits, providing customers with on-demand access to space at competitive prices.

QShala

Angel Round in 2020
QShala is an educational technology company focused on enhancing curiosity and engagement through interactive quizzes and experiences. It operates a versatile platform designed for a diverse audience, including companies, schools, families, and children, with the goal of fostering social connections and creating memorable experiences. The company emphasizes a content and platform agnostic approach, allowing it to adapt to various engagement needs. A notable feature of QShala is its QShots service, which delivers quick 30-second quizzes to subscribers' email inboxes twice daily, promoting continuous learning and incentivizing participation. Initially launched in schools in Bangalore, India, QShala has since expanded its operations to five cities nationwide, transitioning to online formats to reach a broader audience. The platform also aims to help children develop critical life skills, such as innovative thinking, effective communication, and problem-solving abilities.

Walnut Knowledge Solutions

Seed Round in 2020
Walnut Knowledge Solutions is a Bangalore-based education company that aims to foster curiosity and inquisitiveness through fun and engaging quiz questions. Quizzers at heart, Walnut was conceptualized by Sachin and Raghav, two lawyers-turned entrepreneurs in 2011. Formally in existence since 2014, Walnut now conducts a variety of quiz-based events for schools, colleges, corporates, and non-profit organizations. Listed as one of the 50 startups that will redefine the education system in India, the company uses contextual media and storytelling as a means of engaging audiences over different platforms. Its signature offering is QuizShala, a quizzing oriented developmental workshop for school students where the platform uses questions, stories, and activities to make children more aware and participative.

Terra.do

Seed Round in 2020
Terra.do Inc. is an online climate education platform founded in 2020, with headquarters in Bengaluru, India, and an additional office in Stanford, California. The company aims to facilitate the transition to climate careers by providing learners with a comprehensive overview of the climate landscape. It collaborates with experts in climate science and related fields to deliver programs covering various topics, including climate science, environmental finance, and change mitigation. Through its online offerings, Terra.do enables participants to engage in hands-on climate projects, allowing them to apply their skills and knowledge in meaningful ways as they pursue careers focused on addressing climate challenges.

Blue Sky Analytics

Seed Round in 2020
Founded in 2018, Blue Sky Analytics develops an AI-based platform that integrates satellite and ground sensor data to provide geospatial insights on air quality, water pollution, heat index, flood risk, and more. Its solutions include BreeZo for air quality datasets, Zuri for global farm and forest fire tracking, and Zorro for industrial emissions tracking.

ImStrong Health & Wellness

Pre Seed Round in 2020
ImStrong Health & Wellness Private Limited is a Bengaluru-based company that specializes in providing fitness and wellness solutions. Established in 2019, it operates an online and live video streaming platform named ImStrong, which facilitates connections between trainers and fitness enthusiasts. This platform allows users to engage in interactive classes, making it a convenient option for individuals with busy lifestyles. Additionally, it empowers fitness and yoga trainers by enabling them to create their own online studios, thereby enhancing their ability to reach a wider audience.

IndiaDataHub

Pre Seed Round in 2020
IndiaDataHub is a platform offering market data and analytics, designed to provide insights into India's economy by sourcing data directly from primary sources.

The Whole Truth

Seed Round in 2019
The Whole Truth is a manufacturer of protein bars that focuses on creating nutritious snack options devoid of added sugar, artificial sweeteners, and preservatives. The company emphasizes the use of natural ingredients, including dry fruits, cocoa, and raw whey, to produce minimally processed products that are both tasty and health-conscious. Catering to a health-oriented consumer base, The Whole Truth offers its protein bars for online purchase, allowing customers across India to conveniently access wholesome snacks delivered directly to their homes.

Jupiter

Seed Round in 2019
Jupiter is a digital retail bank based in Mumbai, India, that offers a unique co-created banking experience tailored specifically for Millennials. Established in 2019, it provides a comprehensive digital banking application that enables users to efficiently manage their finances. The application assists users in tracking expenses by offering insights into their spending habits and savings growth. Additionally, Jupiter facilitates automated savings, loans, and debit card services, along with 24/7 customer support to enhance user convenience. Through its focus on user-friendly financial management, Jupiter aims to revolutionize the banking experience for the younger generation.

Nullpointer

Pre Seed Round in 2019
Nullpointer specializes in data analytics and software solutions, focusing on artificial intelligence, mathematical computation, and statistical analysis. They develop algorithmic trading engines for Indian equities and have experience working with leading credit rating agencies on risk assessment and valuation projects.

smallcase Technologies Pvt.

Seed Round in 2019
Founded in 2015, smallcase operates an online trading platform that enables users to invest in thematic portfolios of stocks. It offers a range of smallcases based on long-term trends, government policies, sector trends, and investing strategies, helping users choose, buy, track, and manage their investments.

LearnApp

Seed Round in 2018
LearnApp is a digital learning platform founded in 2018 and headquartered in Noida, Uttar Pradesh, India. It specializes in providing practical education and real-world skills through video courses and live classes. The platform caters to a diverse audience, offering courses in areas such as investing, trading, technology, and management. With over 10 crore monthly active learners, LearnApp aims to establish itself as the world's largest video education platform. Its interactive live classes are conducted by industry veterans and are available in both Hindi and English, making quality education accessible to a wide range of learners.

Balance

Seed Round in 2017
Balance is a Bangalore-based financial technology company that which runs fintech app, Balance. It is a savings management app that invests users’ money in debt mutual funds that have zero lock-in and offer returns of up to 8.7% per annum. The app is designed to understand spending patterns of individuals and use its proprietary spend analysis engine to suggest saving methods. The company was founded by two IIT-Kanpur graduates, Kumar and Abhishek Malik.

Hasiru Dala Innovations

Pre Seed Round in 2017
Hasiru Dala Innovations is a Bengaluru, India-based waste management and urban gardening company. It provides end-to-end waste services for corporates, residents, and venues, including collection and transportation of organic, inorganic, and e-waste, as well as garden waste, and on-site solutions such as composting and biogas plant operations. The company supports urban gardening initiatives, conducts event waste management, performs waste audits and advisory services, and pursues plastic waste recycling and producer responsibility programs. It also develops and sells sustainable products, such as BioClean, an organic composting accelerator, Honeybee Home Composter Kit, and jute grow bags. Beyond services, Hasiru Dala operates a social livelihood platform to support waste pickers and collaborates with authorities to promote responsible waste handling and destination-oriented recycling. Founded in 2015, the company serves corporate and residential customers and hospitality sectors, aiming to advance sustainable living through integrated waste management and community participation.

Digio

Pre Seed Round in 2016
Digio streamlines business operations by offering software that enables paperless documentation and digital processes. Its platform allows users to digitize documents, fill online forms using electronic signatures, facilitate recurring payments via e-NACH, and verify user identities.

Tradelab Technologies

Seed Round in 2015
Tradelab Software Private Limited is a technology-driven company that specializes in developing software solutions for the trading community, both in India and internationally. Founded in 2012 and headquartered in Bengaluru, the company offers a range of products including Cyrus, a low latency algorithmic trading platform, an online trading platform, and Esim, a matching engine for paper trading. Tradelab aims to enhance the trading experience through sophisticated, AI-based software tailored for the stock market. The company also provides consultancy, customization, and strategy deployment services to meet the diverse needs of its clients. With a focus on delivering high-quality solutions, Tradelab has established itself as a key player in the capital market domain, leveraging technology to drive finance and optimize trading processes.
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