Lok Capital

Lok Capital is an impact investment firm based in Gurgaon, India, founded in 2004. It concentrates on early-stage and growth investments across India in financial services, healthcare, agriculture and livelihoods, climate and sustainability, and fintech, aiming to back Series A+ ventures that deliver affordable, accessible solutions for underserved communities. The firm uses a multi-dimensional impact framework examining promoter intent, gender, income, geography, and underserved segments. Lok Capital has raised funds totaling over $200 million and is pursuing a fourth fund of roughly $150–$200 million. It maintains an India-focused presence with offices in multiple cities and traces its origins to philanthropic support, including a Rockefeller Foundation grant. Through its investments, Lok Capital seeks to expand financial inclusion, improve healthcare and livelihoods, and promote climate-friendly development.

Rajat Bansal

Director

Mousum Choudhury

Director

Vikram Dileepan

Director

Vishal Mehta

Co-Founder, Partner and Investment Committee Member

Venky Natarajan

Co-Founder and Partner

Venkatesh Natarajan

Co-Founder, Partner and Investment Committee Member

Priyamvada Ramkumar

Partner

Past deals in Iran

Adro Ad Exchange

Series A in 2016
Adro Ad Exchange is a real-time advertising platform based in Tehran, Iran, founded in 2014 by Masoud Khosravi and Sayed Ali Jafari. The platform connects various suppliers and real-time exchanges to facilitate ad placements across numerous websites and applications. It enables users to access a wide array of publishers, both in private and public marketplaces, offering improved quality and independently-rated advertising inventory. With a network of over 50,000 publishers, Adro Ad Exchange reaches more than 76% of online Persian users monthly. The platform also features demand-side and supply-side solutions, catering to ad buyers and inventory suppliers, respectively, ensuring that users can secure ad placements at competitive prices.
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