Portfolio · GP Track Record + Fund I Pipeline

We back relentless founders with an obsession for building.

The track record below reflects personal GP investments since 2019 and co-investments through the GPs’ prior fund vehicle. Fund I adds 25 companies to this story.

110+
Total Investments
20+
Exits
16+
Fully Realized
42%
Blended IRR
$18M
Capital Raised (iServeU)
Since '19
Track Record

GPs’ prior track record, Nov 2019 to Jul 2026: personal angel investing and the GPs’ prior fund vehicle. Corroborated by co-investors and the fund’s CA. Not the performance of Fund I.

Selected Investments · GP Prior Record

Named with permission. Others under confidentiality.

Of 20+ exits across the GP track record, 16+ are fully realized. A full deal-by-deal schedule with entry and exit dates, realized multiples, gross and net, is available on request to eligible investors, with co-investor and fund CA contacts for independent verification.

6 of 6 shown

iServeU

Exited Aug 2020

FinTech Infrastructure · Co-founded · 2016

Exit type
Acquisition
Acquirer
Niyogin Fintech
Exit value
Rs 59.2 Cr (51% stake)
GP
Amit Tyagi

Why we backed it

India's leading Banking-as-a-Service infrastructure platform. Raised $18M across two institutional rounds and scaled B2B revenue from zero to $10M ARR before acquisition.

BaaSFinTechB2B SaaS

TransBnk

Exited 2024

FinTech Infrastructure · Idea stage · 2022

Exit type
Full exit
Acquirer
Undisclosed
Exit value
19x return
GP
Multi-GP

Why we backed it

Cross-border payment infrastructure for South and Southeast Asia corridors. Backed at idea stage, before there was a product, and exited within two years at a 19x return: the fastest and highest-multiple realization in the portfolio.

FinTech InfraCross-Border Payments19x

Arivihaan

Active

EdTech · Seed · Dec 2021

Why we backed it

K-12 test prep platform targeting India's Tier-2 and Tier-3 markets, where learning outcomes lag enrolment the most.

EdTechTier 2/3
GP: Bharat Mital

Blostem

Active

HealthTech & Wellness · Pre-Seed · 2022

Why we backed it

Stem cell banking and regenerative medicine access platform for India, in a market with under one doctor per 1,000 people.

HealthTechRegenerative
GP: Multi-GP

Hexalog

Active

Deep Tech & AI · Seed · 2023

Why we backed it

AI-powered logistics and warehouse automation for D2C brands: the picks-and-shovels layer under India's quick-commerce boom.

Deep TechLogisticsAI
GP: Multi-GP

Elevix

Active

Startup Enablement · Operating · 2023

Why we backed it

Startup capability center operating across UAE, KSA and Qatar, bridging Indian founders with Gulf capital and expanding the exit universe beyond India.

Cross-borderGulf
GP: Manvi Mehra

Fitoor Capital Fund I · 25 Companies

The next constellation is forming.

Fund I targets 20–25 companies across six sectors, chosen against the six India-scale problems below. Companies will be announced as investments close.

014.3%

Fiscal space is finite

of GDP: FY2026-27 fiscal deficit target

FinTech InfrastructureUrbanisation & PropTech
0223.9%

Income and poverty

of Indians live below $4.20 a day (2022)

D2C BrandsRetail & E-comm Infra
0323.4%

Learning, not schooling

of Std III government-school children can read a Std II text

Deep Tech & AI
040.95

Health access and cost

allopathic doctors per 1,000 people

HealthTech & Wellness
0593M

Urban housing

housing units needed by 2036

Urbanisation & PropTech
0663M

Credit and formalisation

MSMEs, most outside formal credit

FinTech Infrastructure
Pitch to usThe data behind the six problems →
Gold constellation of nodes on forest-green paper

A single outlier exiting above $300M can return the entire $40M fund several times over — illustrative, and before dilution across subsequent rounds. We position for that outcome in every investment.