HSG

HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.

Rohit Agarwal

Managing Director

Mohit Bhatnagar

Managing Director

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Raghavv Garg

Analyst

Pushpak Kedia

Vice President

Sunint Khurana

Analyst

Ishaan Mittal

Managing Director

Saksham Mittal

Analyst

Abhishek Mohan

Principal

Javier Ng

Associate

Enita Pu

Partner

Wendy Qian

Analyst

Haim Sadger

Partner

Yoav Shaked

Partner

Johan Surani

Vice President

Vedant Trivedi

Associate

Aradhita Tuli

Investment Analyst

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Peer to Peer

MYX

Seed Round in 2023
MYX is a decentralized derivative exchange that "uses intelligent rates and exposure hedging mechanisms to ensure protocol stability and provide sustainable high returns" through a peer-to-pool-to-peer paradigm.

Yubi

Series B in 2022
Yubi is a digital platform that facilitates the discovery, trading, execution, and fulfillment of debt solutions for both institutional and retail investors. The platform connects startups with investors seeking to fund various debt deals, primarily through the issuance of debentures. Yubi provides a comprehensive suite of tools, including credit underwriting solutions, analytical models, and structuring tools, which streamline the investment process. Its automated execution workflows and real-time transaction notifications enhance the efficiency of exploring, evaluating, and executing debt transactions. By offering these capabilities, Yubi enables investors to make informed credit decisions and engage more effectively in the debt market.

Funding Societies

Series C in 2022
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.

Yubi

Series A in 2021
Yubi is a digital platform that facilitates the discovery, trading, execution, and fulfillment of debt solutions for both institutional and retail investors. The platform connects startups with investors seeking to fund various debt deals, primarily through the issuance of debentures. Yubi provides a comprehensive suite of tools, including credit underwriting solutions, analytical models, and structuring tools, which streamline the investment process. Its automated execution workflows and real-time transaction notifications enhance the efficiency of exploring, evaluating, and executing debt transactions. By offering these capabilities, Yubi enables investors to make informed credit decisions and engage more effectively in the debt market.

Toss

Series G in 2020
Toss is a South Korea-based mobile financial service platform developed by the fintech startup Viva Republica, established in 2011 by Seunggun Lee in Seoul. The platform offers a range of services aimed at simplifying financial management for users, including peer-to-peer money transfers, credit score management, and bank account oversight. Additionally, Toss provides access to loan and insurance plans, facilitates bill splitting, and supports QR payments. These features collectively enable users to handle their financial needs efficiently and conveniently.

Incomlend

Series A in 2020
Incomlend Pte. Ltd operates a lending platform that connects small and medium-sized enterprises (SMEs) with investors, facilitating the funding of export and domestic account receivables. Established in Singapore in 2016, the platform allows businesses to sell individual invoices at a discount to private investors, providing them with immediate cash flow. Incomlend also features a secure and tech-enabled invoice exchange where live trading of invoices occurs across multiple currencies and countries. The company has expanded its services to include the Incomlend Environment, Social and Governance (ESG) Invoice Financing Programme, aimed at linking socially responsible investors with sustainable SMEs. With additional offices in Europe, India, and Southeast Asia, Incomlend serves a diverse clientele, including importers, exporters, investors, and lenders.

Toss

Series F in 2019
Toss is a South Korea-based mobile financial service platform developed by the fintech startup Viva Republica, established in 2011 by Seunggun Lee in Seoul. The platform offers a range of services aimed at simplifying financial management for users, including peer-to-peer money transfers, credit score management, and bank account oversight. Additionally, Toss provides access to loan and insurance plans, facilitates bill splitting, and supports QR payments. These features collectively enable users to handle their financial needs efficiently and conveniently.

QuickRide

Series B in 2019
QuickRide is a ride-sharing application founded in 2014 and headquartered in Bangalore, India. The platform connects commuters traveling in the same direction in real time, allowing users to invite others to join their ride or accept invitations from fellow users. QuickRide's mobile application uses an algorithm to match riders and passengers based on their pickup and drop-off locations, enhancing the efficiency of daily commutes. The app offers features such as real-time location tracking, a live map for status updates, and a group chat option for seamless coordination among participants. Additionally, QuickRide facilitates cashless transactions and allows users to manage payments through a points system with fixed per-kilometer charges. By providing these services, QuickRide aims to reduce commuting costs, alleviate traffic congestion, and contribute to decreased air pollution.

MobiKwik

Series E in 2018
MobiKwik is a mobile payment platform that provides a wide array of financial products for both consumers and merchants in India. The company offers services such as a prepaid digital wallet, pay-later options, money transfers, loans, and investment opportunities. By leveraging big data analytics and machine learning, MobiKwik enhances user experiences and streamlines transactions for everyday needs, including phone recharges, online shopping, and purchasing movie tickets. Its goal is to deliver accessible payment and credit solutions, helping users manage their finances without the necessity of a credit card or bank account.

Xiangwushuo

Series B in 2018
Xiangwushuo is a Beijing-based company that operates an online platform for the buying and selling of unused items. It facilitates the trading of new and idle goods through a unique marketplace that employs a point system, allowing users to exchange items without the need for actual currency. In addition to individual transactions, Xiangwushuo offers business owners the opportunity to promote and sell their products online, enhancing the platform's functionality as a comprehensive marketplace for both personal and commercial goods.

Toss

Series D in 2018
Toss is a South Korea-based mobile financial service platform developed by the fintech startup Viva Republica, established in 2011 by Seunggun Lee in Seoul. The platform offers a range of services aimed at simplifying financial management for users, including peer-to-peer money transfers, credit score management, and bank account oversight. Additionally, Toss provides access to loan and insurance plans, facilitates bill splitting, and supports QR payments. These features collectively enable users to handle their financial needs efficiently and conveniently.

Funding Societies

Series B in 2018
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.

Funding Societies

Series A in 2016
Funding Societies, established in 2015 and headquartered in Singapore, operates a digital financing platform that connects small and medium-sized enterprises (SMEs) with investors. The company facilitates business loans, focusing on quick and efficient financing solutions, often bypassing traditional banking methods. It offers a range of flexible financing options, including micro and term loans, and invoice financing, using advanced credit scoring and risk assessment models. With operations across Southeast Asia, including Singapore, Malaysia, Indonesia, and Thailand, Funding Societies caters to SMEs seeking accessible and timely financing.

Fenda

Series A in 2016
Fenda is an audio-based skill-sharing platform in China that allows users to engage in knowledge exchange. The app enables individuals to set their own prices for answering questions in areas of their expertise, while others can pay to receive these answers. Additionally, users have the option to listen to various questions and answers within the app, fostering a community of social interaction among different groups and facilitating access to insights from experts and celebrities.

MobiKwik

Series C in 2016
MobiKwik is a mobile payment platform that provides a wide array of financial products for both consumers and merchants in India. The company offers services such as a prepaid digital wallet, pay-later options, money transfers, loans, and investment opportunities. By leveraging big data analytics and machine learning, MobiKwik enhances user experiences and streamlines transactions for everyday needs, including phone recharges, online shopping, and purchasing movie tickets. Its goal is to deliver accessible payment and credit solutions, helping users manage their finances without the necessity of a credit card or bank account.

FinVolution Group

Series C in 2015
FinVolution Group, formerly known as PPDai, is an online platform for peer-to-peer small unsecured loans in China. It builds a safe, high-performance, honest network platform with creative technology and ideals. FinVolution Group standardizes personal behaviors of debit and credit and brings returns to both lenders and borrowers. FinVolution was founded in August 2007 by founders from well-known companies.

MobiKwik

Series B in 2015
MobiKwik is a mobile payment platform that provides a wide array of financial products for both consumers and merchants in India. The company offers services such as a prepaid digital wallet, pay-later options, money transfers, loans, and investment opportunities. By leveraging big data analytics and machine learning, MobiKwik enhances user experiences and streamlines transactions for everyday needs, including phone recharges, online shopping, and purchasing movie tickets. Its goal is to deliver accessible payment and credit solutions, helping users manage their finances without the necessity of a credit card or bank account.

Guazi Car Rental

Series B in 2014
Guazi Car Rental is a Beijing-based P2P (peer to peer) car sharing platform. The platform allows private car owners to rent their vehicles to customers, in a model similar to the home sharing services provided by Airbnb.com. START was rebranded as Guazi Car Rental. Guazi Car Rental is operated in China.

Zoomcar

Series A in 2014
Zoomcar is a leading car-sharing marketplace operating primarily in emerging markets, with over 20,000 cars available on its technology-driven platform across India, Southeast Asia, and Egypt. The company enables host entrepreneurs to share their vehicles safely and easily, generating additional passive income. Guests benefit from a wide range of affordable cars for memorable driving experiences. Founded in 2013 and based in Bengaluru, India, Zoomcar employs over 300 people and serves 50 cities across India, Indonesia, Vietnam, and Egypt. Uri Levine, co-founder of mobility companies Waze and Moovit, is the Chairman of the Board. The company's revenue comes mainly from short-term self-drive rentals and vehicle subscriptions, with a significant portion derived from its operations in India.

Guazi Car Rental

Series A in 2014
Guazi Car Rental is a Beijing-based P2P (peer to peer) car sharing platform. The platform allows private car owners to rent their vehicles to customers, in a model similar to the home sharing services provided by Airbnb.com. START was rebranded as Guazi Car Rental. Guazi Car Rental is operated in China.

MobiKwik

Series A in 2014
MobiKwik is a mobile payment platform that provides a wide array of financial products for both consumers and merchants in India. The company offers services such as a prepaid digital wallet, pay-later options, money transfers, loans, and investment opportunities. By leveraging big data analytics and machine learning, MobiKwik enhances user experiences and streamlines transactions for everyday needs, including phone recharges, online shopping, and purchasing movie tickets. Its goal is to deliver accessible payment and credit solutions, helping users manage their finances without the necessity of a credit card or bank account.

FinVolution Group

Series B in 2014
FinVolution Group, formerly known as PPDai, is an online platform for peer-to-peer small unsecured loans in China. It builds a safe, high-performance, honest network platform with creative technology and ideals. FinVolution Group standardizes personal behaviors of debit and credit and brings returns to both lenders and borrowers. FinVolution was founded in August 2007 by founders from well-known companies.

FinVolution Group

Series A in 2012
FinVolution Group, formerly known as PPDai, is an online platform for peer-to-peer small unsecured loans in China. It builds a safe, high-performance, honest network platform with creative technology and ideals. FinVolution Group standardizes personal behaviors of debit and credit and brings returns to both lenders and borrowers. FinVolution was founded in August 2007 by founders from well-known companies.
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