Premji Invest

Premji Invest Limited is a family office based in Karnataka, India, that focuses on private equity and venture capital investments. Established by Azim Premji, the firm primarily manages his personal portfolio, which is valued at around $1 billion. It specializes in growth capital investments, particularly in technology companies, with a preference for opportunities in the United States and China. Premji Invest has a history of engaging in significant investments, including a notable contribution to a clean-tech fund managed by Vinod Khosla.

Dhiraj Malkani

Partner

Sandesh Patnam

Managing Partner

T K Kurien

CEO and Managing Partner

Past deals in India

Mintifi

Series E in 2024
Mintifi is an online lending platform in India focused on empowering small and medium businesses through accessible financing solutions. By leveraging technology and partnerships with companies like WhatsApp, Mintifi streamlines the loan process, allowing businesses to obtain funds quickly and efficiently. The platform specializes in supply chain financing, specifically targeting the last-mile distribution network. By providing flexible and affordable financing options, Mintifi enhances the purchasing experience for businesses, enabling them to manage their operations and supply chains more effectively.

Wooden Street

Series C in 2024
WoodenStreet launched as an online platform providing furniture and home accessories, and has now evolved into an omni-channel network, spanning across India, with over 25 experience stores, a robust online service and delivery centres in over 100 cities.

Wipro

Post in 2024
Wipro Limited is a global information technology, consulting, and business process services company based in Bengaluru, India. Founded in 1945, it operates through three main segments: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services segment provides a comprehensive range of services, including digital strategy, technology consulting, custom application development, and analytics, catering to various industries such as banking, healthcare, and manufacturing. The IT Products segment offers third-party IT solutions, including enterprise platforms and security technologies, primarily targeting the Indian market. The ISRE segment focuses on delivering IT services to government entities in India. Wipro is recognized for its innovative approaches and commitment to sustainability, leveraging emerging technologies to help clients enhance business capabilities and respond to changing market demands. The company also maintains research collaborations with various universities and strategic partnerships, including with Amazon Web Services, to advance its technological offerings.

Purplle

Series E in 2024
Purplle is an online marketplace based in Mumbai, India, specializing in cosmetics, fragrances, and personal care products. Founded in 2011, Purplle offers a wide range of items including makeup, hair care, skincare, and beauty appliances, catering to the diverse needs of its customers. The platform emphasizes a personalized shopping experience by considering individual skin and hair types, allowing consumers to select products that best suit their preferences. Purplle aims to enhance the beauty and wellness shopping experience by providing a curated selection of brands and products.

Home Credit India Finance

Private Equity Round in 2024
Home Credit India Finance Pvt. Ltd. is a prominent consumer finance provider focused on enhancing credit penetration and promoting financial inclusion in India. Operating in over 110 cities across 20 states, the company has established a robust network of more than 23,000 points-of-sale, serving over 5 million customers. Home Credit India specializes in offering fast and hassle-free loans for various consumer goods, including home appliances, mobile phones, laptops, and two-wheelers. With an employee base exceeding 18,000, the company aims to make financial services simple, transparent, and accessible to all. It has also received recognition as a Regional AON Best Employer for its commitment to employer excellence.

KreditBee

Series D in 2024
KreditBee is a financial technology company based in India that specializes in digital lending services, focusing on small-ticket personal loans for salaried individuals, young professionals, and college students. The company leverages technology and data analytics to simplify the loan application and approval process, making credit more accessible and convenient. KreditBee's online platform allows users to quickly apply for loans and receive funds, often within hours, catering to those who may not have a credit history or access to traditional financing options. By offering flexible installment-based payment plans, KreditBee aims to provide hassle-free financing solutions for individuals pursuing their aspirations.

TVS Credit Services

Secondary Market in 2023
From the largest cities to the smallest villages, India is filled with ambition and enterprise. As Indians from all walks of life set out to write their growth story, our timely and affordable credit empowers them to bring their dreams alive. As part of the $7 billion TVS Group, we empower Indians from various socioeconomic backgrounds with financial products that serve their needs. In doing so,we further the cause of financial inclusion. Our two wheeler, used car, three wheeler,and tractor loans are designed for Indians in small towns and the rural heartland,for our nation's growth is powered by their prosperity. Our foray into the used commercial vehicle and consumer durable finance is yet another step in this direction. Our entrepreneurial culture, which inspires us to deliver our best, has given rise to such initiatives as TEDDI, a framework to implement innovative ideas, and GURU, a mentorship program to help new employees deliver excellence from Day One. With over 2.5 million customers and a long-term CRISIL rating of AA-, our growth is built on firm foundations. We have won several awards,including the Flame Award for Excellence in Rural Marketing,The Best BFSI Company Award at the ET Now Makers of Developed India Awards 2018, and the Most Effective Employee Engagement Strategy Award at the World HRD Congress.

Mintifi

Series D in 2023
Mintifi is an online lending platform in India focused on empowering small and medium businesses through accessible financing solutions. By leveraging technology and partnerships with companies like WhatsApp, Mintifi streamlines the loan process, allowing businesses to obtain funds quickly and efficiently. The platform specializes in supply chain financing, specifically targeting the last-mile distribution network. By providing flexible and affordable financing options, Mintifi enhances the purchasing experience for businesses, enabling them to manage their operations and supply chains more effectively.

KreditBee

Series D in 2022
KreditBee is a financial technology company based in India that specializes in digital lending services, focusing on small-ticket personal loans for salaried individuals, young professionals, and college students. The company leverages technology and data analytics to simplify the loan application and approval process, making credit more accessible and convenient. KreditBee's online platform allows users to quickly apply for loans and receive funds, often within hours, catering to those who may not have a credit history or access to traditional financing options. By offering flexible installment-based payment plans, KreditBee aims to provide hassle-free financing solutions for individuals pursuing their aspirations.

Shubham Housing Development Finance Company

Venture Round in 2022
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company aims to assist customers who may not qualify for loans from traditional lending institutions by offering home loans, home improvement loans, and loans against property. Shubham stands out for its innovative operating model, which prioritizes an interview-based approach over conventional document-based underwriting, allowing for a better understanding of each customer's income and expense flows. This focus on urban low-income and informal income families reflects Shubham's commitment to facilitating home ownership through accessible and formal credit options.

Purplle

Series E in 2022
Purplle is an online marketplace based in Mumbai, India, specializing in cosmetics, fragrances, and personal care products. Founded in 2011, Purplle offers a wide range of items including makeup, hair care, skincare, and beauty appliances, catering to the diverse needs of its customers. The platform emphasizes a personalized shopping experience by considering individual skin and hair types, allowing consumers to select products that best suit their preferences. Purplle aims to enhance the beauty and wellness shopping experience by providing a curated selection of brands and products.

Sagar Cements

Post in 2022
Sagar Cements is a prominent cement manufacturer and supplier based in India, specializing in a diverse range of cement products. The company produces Ordinary Portland Cement, Portland Pozzolana Cement, sulfate resistant Portland cement, Portland slag cement, and ground granulated blast furnace slag. A significant portion of its revenue is derived from the sale of cement and clinker, reflecting its established presence in the construction materials sector. With a focus on quality and innovation, Sagar Cements plays a crucial role in meeting the demands of the Indian construction industry.

iD Fresh Food

Series D in 2022
iD Fresh Food is a Bangalore-based company specializing in the manufacture of ready-to-cook packaged foods that celebrate traditional Indian cuisine. The company produces a variety of items, including idli and dosa batter, parathas, whole wheat chapatis, chutneys, and filter coffee decoction, all made with fresh ingredients and without chemicals. With production facilities in major cities such as Bangalore, Chennai, Mumbai, Hyderabad, Mangalore, and Dubai, iD Fresh Food ensures a wide distribution network that includes supply to distribution centers in Mysore and Pune. The brand is also accessible through online grocery platforms like BigBasket, making it easy for consumers to enjoy nutritious and convenient meal options at affordable prices.

Purplle

Series D in 2021
Purplle is an online marketplace based in Mumbai, India, specializing in cosmetics, fragrances, and personal care products. Founded in 2011, Purplle offers a wide range of items including makeup, hair care, skincare, and beauty appliances, catering to the diverse needs of its customers. The platform emphasizes a personalized shopping experience by considering individual skin and hair types, allowing consumers to select products that best suit their preferences. Purplle aims to enhance the beauty and wellness shopping experience by providing a curated selection of brands and products.

smallcase

Series C in 2021
Smallcase Technologies Pvt. Ltd. operates an online trading platform that allows investors to engage with thematic portfolios of stocks and ETFs. Founded in 2015 and based in Bengaluru, India, the company promotes equity investing by offering curated baskets of securities designed around long-term trends, government policies, and sector dynamics. These investment products enable users to choose, buy, track, and manage their portfolios efficiently, facilitating a more accessible approach to investing. Smallcase aims to democratize equity investing by providing tools that cater to both novice and experienced investors, without the burden of management fees or lock-in periods. The platform's offerings are built by licensed professionals using quantitative models to ensure a diversified and low-cost investment experience.

SB Packagings

Venture Round in 2021
SB Packagings is a manufacturer of flexible packaging materials in India, supplying to major players in the hygiene and food industry including P&G, J&J, Unicharm, Kimberly Clark, Nobel Hygiene, Walmart, Future Group, PepsiCo, Dabur, etc.

SB Packagings

Secondary Market in 2021
SB Packagings is a manufacturer of flexible packaging materials in India, supplying to major players in the hygiene and food industry including P&G, J&J, Unicharm, Kimberly Clark, Nobel Hygiene, Walmart, Future Group, PepsiCo, Dabur, etc.

FirstCry India

Secondary Market in 2021
FirstCry is an online portal for baby products and toys. They have over 20000+ items from 250+ top International and Indian brands like Mattel, Ben10, Pigeon, Funskool, Hotwheels, Nuby, Farlin, Medela, Pampers, Disney, Barbie, Gerber, Zapak, Mee Mee, and so on. The company provides best of the products and brands at the best prices with quality online shopping experience, fast and reliable delivery service, and a prompt customer care. FirstCry was founded in 2010 and is based in Pune, India.

FirstCry India

Venture Round in 2021
FirstCry is an online portal for baby products and toys. They have over 20000+ items from 250+ top International and Indian brands like Mattel, Ben10, Pigeon, Funskool, Hotwheels, Nuby, Farlin, Medela, Pampers, Disney, Barbie, Gerber, Zapak, Mee Mee, and so on. The company provides best of the products and brands at the best prices with quality online shopping experience, fast and reliable delivery service, and a prompt customer care. FirstCry was founded in 2010 and is based in Pune, India.

KreditBee

Series C in 2021
KreditBee is a financial technology company based in India that specializes in digital lending services, focusing on small-ticket personal loans for salaried individuals, young professionals, and college students. The company leverages technology and data analytics to simplify the loan application and approval process, making credit more accessible and convenient. KreditBee's online platform allows users to quickly apply for loans and receive funds, often within hours, catering to those who may not have a credit history or access to traditional financing options. By offering flexible installment-based payment plans, KreditBee aims to provide hassle-free financing solutions for individuals pursuing their aspirations.

MedPlus

Private Equity Round in 2021
When Dr. Madhukar Gangadi came across a WHO report indicating that up to 30% of the fake medicines sold across the world came from India, he decided to study the Indian pharma retail market and sensed an opportunity to make a difference. He envisioned a company that would source all its medicines from reliable, big name suppliers, store medicines in optimal conditions to ensure their efficacy and take the risk out of buying medicines, give customers convenience to buy their medicines and value for their money.. The result was MedPlus. The first MedPlus pharmacy store opened in February 2006 in Hyderabad and over the last decade has grown into the second largest pharmacy retail chain in the country with over 1400+ pharmacies throughout India. Medplus today serves over 2,50,000 customers daily and employs over 10,000 people. Our online pharmacy & general store, MedPlusMart.com, launched in 2015 has quickly grown to become the biggest e-Pharmacy in the country today. Through MedPlusMart, customers can buy medicines, OTC products, FMCG and nutrition products from the convenience of their home or through mobile, read important information about medicines, store their health records, view their prescription history and redeem rewards. We have come far but will continue to strive to improve ourselves everyday and aspire to be India's favourite healthcare provider with the highest standards of service excellence.

Innovium

Series F in 2020
Innovium, Inc. specializes in developing and deploying advanced switching silicon solutions for cloud, enterprise, and edge data centers. Founded in 2014 and headquartered in San Jose, California, with an additional location in Bengaluru, India, the company offers products such as TERALYNX 7 for large-scale public and private cloud applications and TERALYNX 5 for top-of-rack, enterprise, edge, and 5G data centers. Innovium also provides a cloud-based, open-source network operating system, along with standard APIs and a software development kit. The company's technology focuses on delivering scalable Ethernet switch solutions that enhance performance, programmability, and low latency, helping data centers address complex challenges effectively. Innovium is backed by several prominent venture capital firms.

SBI General Insurance

Private Equity Round in 2019
SBI General Insurance Company Limited is a private general insurance provider based in Mumbai, India, offering a diverse range of insurance products for both individuals and businesses. The company’s offerings include various types of individual insurance such as motor insurance, health insurance, travel insurance, home insurance, and personal accident insurance. For the commercial sector, SBI General Insurance provides products like fire and marine insurance, liability insurance, and specialized packages for businesses. The company caters to a wide customer base, including retail, corporate, small and medium enterprises, and rural clients, ensuring accessibility through both digital and traditional distribution channels. Since its incorporation in 2009, SBI General Insurance has aimed to deliver simple and innovative insurance solutions at affordable prices, helping customers protect against unforeseen events.

MedPlus

Series C in 2019
When Dr. Madhukar Gangadi came across a WHO report indicating that up to 30% of the fake medicines sold across the world came from India, he decided to study the Indian pharma retail market and sensed an opportunity to make a difference. He envisioned a company that would source all its medicines from reliable, big name suppliers, store medicines in optimal conditions to ensure their efficacy and take the risk out of buying medicines, give customers convenience to buy their medicines and value for their money.. The result was MedPlus. The first MedPlus pharmacy store opened in February 2006 in Hyderabad and over the last decade has grown into the second largest pharmacy retail chain in the country with over 1400+ pharmacies throughout India. Medplus today serves over 2,50,000 customers daily and employs over 10,000 people. Our online pharmacy & general store, MedPlusMart.com, launched in 2015 has quickly grown to become the biggest e-Pharmacy in the country today. Through MedPlusMart, customers can buy medicines, OTC products, FMCG and nutrition products from the convenience of their home or through mobile, read important information about medicines, store their health records, view their prescription history and redeem rewards. We have come far but will continue to strive to improve ourselves everyday and aspire to be India's favourite healthcare provider with the highest standards of service excellence.

Gold Plus Glass

Venture Round in 2018
Gold Plus Glass Industry Limited, established in 1985 and based in New Delhi, India, specializes in the manufacture, processing, and trading of various glass products. The company offers a diverse range of glasses, including float glass, architectural glass, automotive glass, and specialty options such as frosted and lacquered glass. As a pioneer in the industry, Gold Plus Glass is recognized as the first 100% Indian-owned company to manufacture float glass in the country. Its extensive portfolio caters to both commercial and industrial sectors, making it a significant player in the Indian glass market.

Shubham Housing Development Finance Company

Series D in 2018
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company aims to assist customers who may not qualify for loans from traditional lending institutions by offering home loans, home improvement loans, and loans against property. Shubham stands out for its innovative operating model, which prioritizes an interview-based approach over conventional document-based underwriting, allowing for a better understanding of each customer's income and expense flows. This focus on urban low-income and informal income families reflects Shubham's commitment to facilitating home ownership through accessible and formal credit options.

PolicyBazaar

Series E in 2017
PolicyBazaar Insurance Brokers Private Limited is an online platform based in Gurugram, India, specializing in insurance services. Founded in 2014, the company offers a wide range of insurance products, including life, health, car, two-wheeler, travel, and home insurance. The platform features a comparison portal and mobile application that allow users to compare different insurance plans based on coverage, premiums, benefits, and exclusions. This enables consumers to make informed decisions about their insurance needs. Additionally, PolicyBazaar provides tools and calculators for users to estimate their insurance requirements and premiums. The company primarily generates revenue from its insurance brokerage services, while also aiming to enhance financial awareness in India regarding the implications of death, disease, and damage.

Shubham Housing Development Finance Company

Venture Round in 2017
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company aims to assist customers who may not qualify for loans from traditional lending institutions by offering home loans, home improvement loans, and loans against property. Shubham stands out for its innovative operating model, which prioritizes an interview-based approach over conventional document-based underwriting, allowing for a better understanding of each customer's income and expense flows. This focus on urban low-income and informal income families reflects Shubham's commitment to facilitating home ownership through accessible and formal credit options.

Future Lifestyle Fashions

Post in 2017
Future Lifestyle Fashions Limited is an integrated fashion company based in Mumbai, India, focusing on the branding, manufacturing, processing, selling, and distribution of a diverse range of fashion products. The company operates a chain of retail stores under the Central and Brand Factory names, along with specialty stores like Planet Sports and I Am In. Its offerings include formal menswear, casual wear, sportswear, women’s ethnic and denim wear, footwear, and a variety of accessories. Future Lifestyle Fashions encompasses a portfolio of well-known brands such as Lee Cooper, Scullers, Indigo Nation, John Miller, and Jealous 21. The company distributes its products through its own retail outlets, multi-brand outlets, and e-commerce platforms. With a network comprising 48 Central stores, 104 Brand Factory stores, and 196 exclusive brand outlets, Future Lifestyle Fashions aims to cater to a wide demographic of fashion-conscious consumers.

iD Fresh Food

Series B in 2017
iD Fresh Food is a Bangalore-based company specializing in the manufacture of ready-to-cook packaged foods that celebrate traditional Indian cuisine. The company produces a variety of items, including idli and dosa batter, parathas, whole wheat chapatis, chutneys, and filter coffee decoction, all made with fresh ingredients and without chemicals. With production facilities in major cities such as Bangalore, Chennai, Mumbai, Hyderabad, Mangalore, and Dubai, iD Fresh Food ensures a wide distribution network that includes supply to distribution centers in Mysore and Pune. The brand is also accessible through online grocery platforms like BigBasket, making it easy for consumers to enjoy nutritious and convenient meal options at affordable prices.

Lenskart

Series E in 2016
Lenskart is an online optical store in India that offers a wide range of eyewear, including prescription glasses, branded contact lenses, and sunglasses. Customers can choose from over 500 designs of eyeglass frames at prices starting from Rs. 399 to Rs. 4,000. The platform simplifies the purchasing process by allowing users to select a frame, input their prescription, and place an order for home delivery, which is guaranteed within 48 hours. Lenskart also features a comprehensive selection of contact lenses from top brands, including disposable, toric, colored, and bifocal options. The company aims to provide a convenient shopping experience with a 365-day return policy, ensuring customers receive their prescribed lenses at competitive prices delivered directly to their door.

Equitas Holdings

Private Equity Round in 2016
Equitas Holding Ltd is an India-based company operating in the business segment of Core investment operations. It is engaged in investing in and providing loans to group companies. The group derives revenue from Interest income, Rental income, Profit on sale of an investment, Revenue from contracts with customers, Net gain on fair value changes and guarantee income, of which a majority of revenue is earned from the interest income. Its subsidiaries are involved in carrying the business of small finance banks and freight aggregation. Geographically, the group operates in India.

Snapdeal

Private Equity Round in 2015
Snapdeal is India's largest online marketplace, launched in February 2010, that connects buyers and sellers across a wide range of product categories including mobile phones, electronics, apparel, cosmetics, and home goods. The platform is designed to create a reliable and frictionless commerce ecosystem, offering convenient delivery options even to remote areas. Snapdeal is notable for its competitive pricing, featuring daily deals and discounts that make various products accessible to consumers. It has established itself as a market leader in the retail space and is recognized for its significant presence in categories such as watches, sunglasses, and jewelry. With over 1,000 employees, Snapdeal fosters a vibrant work environment and continues to play a critical role in India's e-commerce landscape.

Financial Software & Systems

Series D in 2014
Financial Software & Systems (FSS) is a global company specializing in banking and digital payments, headquartered in India. With a team of over 2,500 payment professionals, FSS serves more than 150 clients across regions including Africa, Asia Pacific, Europe, the Middle East, and North America. The company has over 25 years of experience in the payments domain, offering a comprehensive suite of software products and custom solutions that encompass issuance, omnichannel acquiring, digital banking, and payment processing. FSS provides critical services such as ATM and POS solutions, smart reconciliation, monitoring, digital security, payment analytics, and financial inclusion. Its diverse customer base includes banks, central regulators, governments, financial intermediaries, merchants, and payment associations, enabling them to efficiently process millions of transactions daily while ensuring security and compliance.

Snapdeal

Series E in 2014
Snapdeal is India's largest online marketplace, launched in February 2010, that connects buyers and sellers across a wide range of product categories including mobile phones, electronics, apparel, cosmetics, and home goods. The platform is designed to create a reliable and frictionless commerce ecosystem, offering convenient delivery options even to remote areas. Snapdeal is notable for its competitive pricing, featuring daily deals and discounts that make various products accessible to consumers. It has established itself as a market leader in the retail space and is recognized for its significant presence in categories such as watches, sunglasses, and jewelry. With over 1,000 employees, Snapdeal fosters a vibrant work environment and continues to play a critical role in India's e-commerce landscape.
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