WaterBridge Ventures

Founded in 2017, WaterBridge Ventures is an early-stage venture capital firm based in New Delhi, India. They invest primarily in India or businesses with a strong India angle, focusing on sectors such as education, healthcare, SaaS, financial services, and consumer technology. The firm typically enters at the seed to Series A stage and may lead or co-invest in subsequent rounds, provided they can offer value-add support.

Sapna Goyal

Vice President

Ashish Jain

Partner and CFO

Manish Khetrapal

Founder and Managing Partner

Kartik Mehta

Vice President

Anjali Sosale

Partner

Past deals in India

LegitQuest

Venture Round in 2024
LegitQuest is a legal-tech company offering an AI-powered platform for efficient Indian case law research. Its advanced search engine transforms complex data into user-friendly formats, making legal research faster.

Doubtnut

Convertible Note in 2023
Doubtnut is an educational technology company based in Gurgaon, India, founded in 2016. It operates an e-learning platform designed to make education more accessible by solving student doubts online. The company's app allows students to ask math-related study questions by taking a picture of the problem or concept and provides personalized live online solutions from teachers who have studied at top colleges across India. Doubtnut offers structured learning materials for CBSE & ICSE board school students, including video lectures, test series, and offline downloadable content. The platform supports vernacular students and covers K12 education and test preparation, ensuring that students can understand math in a comfortable and effective manner from home.

CBREX

Seed Round in 2022
CBREX is an Indian technology platform established in 2015 by Gautam Sinha and Anand Karunjay. It facilitates collaboration among global recruitment firms, enabling them to post jobs, exchange messages, send resumes, close positions, and receive payments. The platform serves permanent placement agencies, search firms, and HR professionals looking to start their own businesses.

Loopworm

Seed Round in 2022
Loopworm is a biosciences and biomanufacturing company that converts edible insects into sustainable protein and fat ingredients for animal and pet nutrition, with an initial focus on animal and pet nutrition and plans to expand into amino acids, chitin-derived plant biostimulants, cosmetics, nutraceuticals, oleochemicals, and recombinant proteins. It uses silkworms and black soldier fly larvae, and operates a decentralised, capital-expenditure-light production model by partnering with contract insect cultivators. In 2024 it commissioned a 6000 tonnes per annum insect processing facility to produce LoopMeal and LoopOil for animal feed and pet food. The company also exploits waste streams to extract nutrition and produces larval waste as natural fertilizer, contributing to soil health and supporting aquaculture, poultry, and farming. Loopworm was founded in 2019 in Bangalore, India by Ankit Alok Bagaria and Abhi Gawri, with a mission to scale insect-based production and expand the insect economy.

OneCode

Series A in 2022
OneCode is a Fintech platform that connects digital-first brands with sellers to sell their products and services to trust deficit and less tech-savvy users by building trust through assisted sales and support. OneCode acts as a bridge between brands and the end consumers who need physical touchpoints, in-person interactions, training, push, and motivation before buying a product/service. OneCode partners with banking institutions such as IDFC First, SBI, Bank of Baroda as well as new-age fintech products including Navi, Groww, Jupiter as its customers.

CityMall

Series C in 2022
CityMall is a community commerce platform designed to serve the approximately 300 million new internet users in small cities, towns, and villages across India. The company focuses on essential categories such as groceries, fresh and packaged FMCG, electronics, and fashion. By addressing the unique challenges faced by these consumers—such as trust issues, unfamiliarity with online transactions, and low average order values—CityMall aims to create a viable e-commerce solution. The platform leverages "Community Leaders" who act as local connectors, facilitating customer acquisition, localized marketing, and last-mile logistics. This community-oriented approach enables CityMall to effectively engage with its target audience and foster micro-entrepreneurship within these regions. Founded by alumni from IIT Delhi and IIT Roorkee, the company aspires to empower these local leaders to establish a prominent e-commerce presence for Bharat.

Bijnis

Series B in 2021
Bijnis is a B2B commerce platform connecting footwear manufacturers, retailers, suppliers, and buyers. Its services include product listings, recruitment, free requirement postings, enabling businesses to grow, communicate effectively, obtain trade leads, and expand networks.

OneCode

Seed Round in 2021
OneCode is a Fintech platform that connects digital-first brands with sellers to sell their products and services to trust deficit and less tech-savvy users by building trust through assisted sales and support. OneCode acts as a bridge between brands and the end consumers who need physical touchpoints, in-person interactions, training, push, and motivation before buying a product/service. OneCode partners with banking institutions such as IDFC First, SBI, Bank of Baroda as well as new-age fintech products including Navi, Groww, Jupiter as its customers.

CityMall

Series B in 2021
CityMall is a community commerce platform designed to serve the approximately 300 million new internet users in small cities, towns, and villages across India. The company focuses on essential categories such as groceries, fresh and packaged FMCG, electronics, and fashion. By addressing the unique challenges faced by these consumers—such as trust issues, unfamiliarity with online transactions, and low average order values—CityMall aims to create a viable e-commerce solution. The platform leverages "Community Leaders" who act as local connectors, facilitating customer acquisition, localized marketing, and last-mile logistics. This community-oriented approach enables CityMall to effectively engage with its target audience and foster micro-entrepreneurship within these regions. Founded by alumni from IIT Delhi and IIT Roorkee, the company aspires to empower these local leaders to establish a prominent e-commerce presence for Bharat.

LegitQuest

Seed Round in 2021
LegitQuest is a legal-tech company offering an AI-powered platform for efficient Indian case law research. Its advanced search engine transforms complex data into user-friendly formats, making legal research faster.

CityMall

Series A in 2021
CityMall is a community commerce platform designed to serve the approximately 300 million new internet users in small cities, towns, and villages across India. The company focuses on essential categories such as groceries, fresh and packaged FMCG, electronics, and fashion. By addressing the unique challenges faced by these consumers—such as trust issues, unfamiliarity with online transactions, and low average order values—CityMall aims to create a viable e-commerce solution. The platform leverages "Community Leaders" who act as local connectors, facilitating customer acquisition, localized marketing, and last-mile logistics. This community-oriented approach enables CityMall to effectively engage with its target audience and foster micro-entrepreneurship within these regions. Founded by alumni from IIT Delhi and IIT Roorkee, the company aspires to empower these local leaders to establish a prominent e-commerce presence for Bharat.

Doubtnut

Series B in 2021
Doubtnut is an educational technology company based in Gurgaon, India, founded in 2016. It operates an e-learning platform designed to make education more accessible by solving student doubts online. The company's app allows students to ask math-related study questions by taking a picture of the problem or concept and provides personalized live online solutions from teachers who have studied at top colleges across India. Doubtnut offers structured learning materials for CBSE & ICSE board school students, including video lectures, test series, and offline downloadable content. The platform supports vernacular students and covers K12 education and test preparation, ensuring that students can understand math in a comfortable and effective manner from home.

ZipLoan

Series B in 2020
ZipLoan is an Indian fintech company established in 2015. It operates as a technology-enabled online lending platform, specializing in providing customized business loans, including working capital and instant online loans, to small and medium enterprises.

CityMall

Seed Round in 2020
CityMall is a community commerce platform designed to serve the approximately 300 million new internet users in small cities, towns, and villages across India. The company focuses on essential categories such as groceries, fresh and packaged FMCG, electronics, and fashion. By addressing the unique challenges faced by these consumers—such as trust issues, unfamiliarity with online transactions, and low average order values—CityMall aims to create a viable e-commerce solution. The platform leverages "Community Leaders" who act as local connectors, facilitating customer acquisition, localized marketing, and last-mile logistics. This community-oriented approach enables CityMall to effectively engage with its target audience and foster micro-entrepreneurship within these regions. Founded by alumni from IIT Delhi and IIT Roorkee, the company aspires to empower these local leaders to establish a prominent e-commerce presence for Bharat.

BitClass

Seed Round in 2020
BitClass is a Bengaluru-based company that offers a Platform as a Service solution designed for teachers looking to establish and manage independent live classes in India. Founded in 2020, the platform simplifies the process for educators by enabling them to set up online classes quickly, even without technical expertise. It provides a centralized system for managing student registrations, sharing educational content, and collecting payments, effectively empowering teachers to grow their personal brands and transition from offline to online education. By equipping educators with the essential tools to deliver live learning experiences, BitClass facilitates the expansion of independent tutoring and enhances access to quality education.

Aayu by MedCords

Series A in 2020
Aayu, a service by MedCords, is focused on enhancing healthcare access for underserved populations in India, particularly outside the top 15 cities. It aims to modernize the fragmented network of approximately 100,000 retail medical stores that serve 1.4 billion Indians and represent a significant portion of the domestic retail pharmaceutical market. Aayu provides a range of services, including the delivery of medicines within two hours, teleconsultations with over 5,000 specialist doctors across numerous specialties, and the ability to conduct over 160 lab tests from home. Users can also securely share their medical data and opt for the Aayu Card, which offers discounted yearly health subscriptions for family consultations. With a growing network of over 25,000 retail chemist stores and 2 million users, Aayu is positioned to be a key player in the digital transformation of healthcare in India, facilitating access to new-age healthcare brands and improving overall service delivery.

OneCode

Seed Round in 2020
OneCode is a Fintech platform that connects digital-first brands with sellers to sell their products and services to trust deficit and less tech-savvy users by building trust through assisted sales and support. OneCode acts as a bridge between brands and the end consumers who need physical touchpoints, in-person interactions, training, push, and motivation before buying a product/service. OneCode partners with banking institutions such as IDFC First, SBI, Bank of Baroda as well as new-age fintech products including Navi, Groww, Jupiter as its customers.

Bijnis

Series A in 2020
Bijnis is a B2B commerce platform connecting footwear manufacturers, retailers, suppliers, and buyers. Its services include product listings, recruitment, free requirement postings, enabling businesses to grow, communicate effectively, obtain trade leads, and expand networks.

Magicpin

Series D in 2020
Magicpin is a software platform designed to enhance local shopping and offline marketing in India. It serves as a marketplace where users can discover merchants and events in their locality while offering merchants a way to showcase their unique offerings. By utilizing real-time promotions, loyalty programs, and content updates, Magicpin helps merchants increase their visibility and revenue. Users benefit from the platform by earning rewards such as points and cashback through sharing their purchase experiences, fostering engagement and encouraging exploration of new shopping avenues. Overall, Magicpin facilitates meaningful connections between users and local businesses, creating a vibrant community for both parties.

BitClass

Pre Seed Round in 2020
BitClass is a Bengaluru-based company that offers a Platform as a Service solution designed for teachers looking to establish and manage independent live classes in India. Founded in 2020, the platform simplifies the process for educators by enabling them to set up online classes quickly, even without technical expertise. It provides a centralized system for managing student registrations, sharing educational content, and collecting payments, effectively empowering teachers to grow their personal brands and transition from offline to online education. By equipping educators with the essential tools to deliver live learning experiences, BitClass facilitates the expansion of independent tutoring and enhances access to quality education.

Magicpin

Series C in 2020
Magicpin is a software platform designed to enhance local shopping and offline marketing in India. It serves as a marketplace where users can discover merchants and events in their locality while offering merchants a way to showcase their unique offerings. By utilizing real-time promotions, loyalty programs, and content updates, Magicpin helps merchants increase their visibility and revenue. Users benefit from the platform by earning rewards such as points and cashback through sharing their purchase experiences, fostering engagement and encouraging exploration of new shopping avenues. Overall, Magicpin facilitates meaningful connections between users and local businesses, creating a vibrant community for both parties.

ClaimTherapist

Seed Round in 2020
ClaimTherapist is India's first independent insurance service platform, facilitating seamless mediclaim journeys. It partners with insured individuals to select suitable hospitals and diagnostics, ensuring cashless treatment while expertly managing claim processing.

LegitQuest

Seed Round in 2019
LegitQuest is a legal-tech company offering an AI-powered platform for efficient Indian case law research. Its advanced search engine transforms complex data into user-friendly formats, making legal research faster.

Bijnis

Seed Round in 2019
Bijnis is a B2B commerce platform connecting footwear manufacturers, retailers, suppliers, and buyers. Its services include product listings, recruitment, free requirement postings, enabling businesses to grow, communicate effectively, obtain trade leads, and expand networks.

Doubtnut

Seed Round in 2019
Doubtnut is an educational technology company based in Gurgaon, India, founded in 2016. It operates an e-learning platform designed to make education more accessible by solving student doubts online. The company's app allows students to ask math-related study questions by taking a picture of the problem or concept and provides personalized live online solutions from teachers who have studied at top colleges across India. Doubtnut offers structured learning materials for CBSE & ICSE board school students, including video lectures, test series, and offline downloadable content. The platform supports vernacular students and covers K12 education and test preparation, ensuring that students can understand math in a comfortable and effective manner from home.

ZipLoan

Series B in 2019
ZipLoan is an Indian fintech company established in 2015. It operates as a technology-enabled online lending platform, specializing in providing customized business loans, including working capital and instant online loans, to small and medium enterprises.

Magicpin

Series C in 2018
Magicpin is a software platform designed to enhance local shopping and offline marketing in India. It serves as a marketplace where users can discover merchants and events in their locality while offering merchants a way to showcase their unique offerings. By utilizing real-time promotions, loyalty programs, and content updates, Magicpin helps merchants increase their visibility and revenue. Users benefit from the platform by earning rewards such as points and cashback through sharing their purchase experiences, fostering engagement and encouraging exploration of new shopping avenues. Overall, Magicpin facilitates meaningful connections between users and local businesses, creating a vibrant community for both parties.

MyAdvo

Series A in 2018
MyAdvo is an India-based legal technology platform that connects businesses and individuals with a large network of lawyers for on-demand, transparent legal services. The platform enables lawyer discovery, standardized pricing with fixed quotes, and end-to-end case lifecycle support, including case analysis and progress tracking. Founded in 2015 and launching operations in 2016 by Kushal Bhagat and Anil Bains, the company has grown to a 60-person team and built a network of more than 10,000 expert lawyers across 350+ Indian cities. It has facilitated thousands of cases for hundreds of corporate clients and tens of thousands of individuals, reflecting rapid growth. The company emphasizes a customer-first approach, trust, and accessibility in legal services, positioning itself as a leading legal technology provider in India. Clients can browse or request quotes from the network to secure appropriate legal help on demand, making legal services more transparent and reachable.

LetsMD

Seed Round in 2018
LetsMD hopes to change the way people access healthcare in India. With no price transparency, healthcare pricing in India is a black hole. We aim to provide an avenue for prospective patients to connect with ethical healthcare service providers offering transparency in pricing. Founded and advised by people with decades of experience in healthcare, LetsMD aims to be the go to destination for people seeking high quality healthcare at affordable prices.

9stacks

Series A in 2018
9stacks is an Indian online gaming startup that specializes in poker games. Founded in 2017 by Sudhir Kamath, Pratik Kumar, and Rishab Mathur in Delhi, 9stacks provides a secure platform that emphasizes user safety and transparency. The website features various poker offerings, including a loyalty program, cash withdrawal options through bank accounts and reputable payment gateways, and an easy-to-use interface. Users can enjoy password-protected tables for private games with friends, as well as free entry tables and tournaments. The platform aims to deliver a seamless gaming experience by integrating reliable payment methods and maintaining clear tax deduction policies.

Aayu by MedCords

Seed Round in 2018
Aayu, a service by MedCords, is focused on enhancing healthcare access for underserved populations in India, particularly outside the top 15 cities. It aims to modernize the fragmented network of approximately 100,000 retail medical stores that serve 1.4 billion Indians and represent a significant portion of the domestic retail pharmaceutical market. Aayu provides a range of services, including the delivery of medicines within two hours, teleconsultations with over 5,000 specialist doctors across numerous specialties, and the ability to conduct over 160 lab tests from home. Users can also securely share their medical data and opt for the Aayu Card, which offers discounted yearly health subscriptions for family consultations. With a growing network of over 25,000 retail chemist stores and 2 million users, Aayu is positioned to be a key player in the digital transformation of healthcare in India, facilitating access to new-age healthcare brands and improving overall service delivery.

LetsMD

Seed Round in 2018
LetsMD hopes to change the way people access healthcare in India. With no price transparency, healthcare pricing in India is a black hole. We aim to provide an avenue for prospective patients to connect with ethical healthcare service providers offering transparency in pricing. Founded and advised by people with decades of experience in healthcare, LetsMD aims to be the go to destination for people seeking high quality healthcare at affordable prices.

Doubtnut

Seed Round in 2018
Doubtnut is an educational technology company based in Gurgaon, India, founded in 2016. It operates an e-learning platform designed to make education more accessible by solving student doubts online. The company's app allows students to ask math-related study questions by taking a picture of the problem or concept and provides personalized live online solutions from teachers who have studied at top colleges across India. Doubtnut offers structured learning materials for CBSE & ICSE board school students, including video lectures, test series, and offline downloadable content. The platform supports vernacular students and covers K12 education and test preparation, ensuring that students can understand math in a comfortable and effective manner from home.

ZipLoan

Seed Round in 2017
ZipLoan is an Indian fintech company established in 2015. It operates as a technology-enabled online lending platform, specializing in providing customized business loans, including working capital and instant online loans, to small and medium enterprises.

Magicpin

Series B in 2017
Magicpin is a software platform designed to enhance local shopping and offline marketing in India. It serves as a marketplace where users can discover merchants and events in their locality while offering merchants a way to showcase their unique offerings. By utilizing real-time promotions, loyalty programs, and content updates, Magicpin helps merchants increase their visibility and revenue. Users benefit from the platform by earning rewards such as points and cashback through sharing their purchase experiences, fostering engagement and encouraging exploration of new shopping avenues. Overall, Magicpin facilitates meaningful connections between users and local businesses, creating a vibrant community for both parties.

Unacademy

Series A in 2017
Unacademy is an online learning platform based in Bangalore, India, that focuses on providing educational content for major competitive examinations. Originally launched in 2015 after starting as a YouTube channel in 2010, the platform offers a wide range of short video lectures on various subjects, which are accessible for free. By promoting self-learning, Unacademy aims to help aspiring students effectively prepare for their competitive exams. The platform's emphasis on accessible and comprehensive educational resources has positioned it as a significant player in the online education sector.

LetsMD

Seed Round in 2016
LetsMD hopes to change the way people access healthcare in India. With no price transparency, healthcare pricing in India is a black hole. We aim to provide an avenue for prospective patients to connect with ethical healthcare service providers offering transparency in pricing. Founded and advised by people with decades of experience in healthcare, LetsMD aims to be the go to destination for people seeking high quality healthcare at affordable prices.

Unacademy

Seed Round in 2016
Unacademy is an online learning platform based in Bangalore, India, that focuses on providing educational content for major competitive examinations. Originally launched in 2015 after starting as a YouTube channel in 2010, the platform offers a wide range of short video lectures on various subjects, which are accessible for free. By promoting self-learning, Unacademy aims to help aspiring students effectively prepare for their competitive exams. The platform's emphasis on accessible and comprehensive educational resources has positioned it as a significant player in the online education sector.
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