Using Coverstack‘s Plug-and-play model insurance infrastructure, ICICIdirect will provide insurance services to its 7 Million+ customers, enabling them to search, customize, compare, and buy the most suitable insurance plans for health and motor insurance, by comparing quotes and features from multiple insurance firms easily.

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FarMart raised $32 Million in a funding round led by General Catalyst, along with participation from Matrix Partners India and Omidyar Network India.
As India’s first SaaS-led B2B food supply platform, FarMart’s mobile app enables agri-retailers to serve their farmers better by providing access to inputs, advisory, and market linkages. FarMart’s responsible business model innovation has enabled them to reach over 2 million farmers in less than a year.
We are delighted to support FarMart as an early believer, and congratulate Alekh Sanghera, Mehtab Singh Hans and the entire FarMart team.

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Praan’s patent pending core technology uses AI-powered filter-less air purification systems to enable direct air CO2 capture. It removes pollution from the air without any replaceable filters, thus removing the maintenance cost. Praan’s goal is to make clean air accessible to all at Rs 1 per person a day. 

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Praman.ai is the world’s largest horticulture exchange, powered by Intello Labs‘ proprietary technology. Having successfully digitized trade in cardamom and onions, Praman is now transforming trade in apples using its unique trifecta of Trade Discovery, Quality Assurance and Trade Settlement. Praman has partnered with the J&K Horticulture Board to revolutionize the Apple ecosystem in Kashmir

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Avaana is delighted to share our investment in eekifoods.

eeki’s patent pending plant growth system is revolutionizing vegetable farming to deliver high-quality, residue-free Indian staple vegetables. eeki’s technology enables them to build climate-resilient food systems in a highly resource-efficient manner while providing commercial gains to partner farmers.

Welcoming Abhay Singh, Amit Kumar and the eekifoods team to the Avaana family.

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Eggoz raised Series A funding of $3.5 million in a round led by Nabventures, with participation from Avaana Capital, Rebright Partners, Bellerive Capital and angel investors Sanjiv Rangrass and Indresh Saluja. 

Avaana is delighted to continue our partnership with Eggoz on their journey to create a nationwide household brand for quality eggs, and become the of “Amul of Eggs” in India.

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AlphaVector, under the brand Ninety One raised $30 million in a round led by A91 Partners, with Avaana Capital and Fireside Ventures. Ninety One is India’s fastest growing active lifestyle and sustainable mobility brands, crossing $3 million in monthly revenue.

Ninety One will use the new funding to invest in its manufacturing facilities, build its electric cycles portfolio and expand into global markets.

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Coverfox is pioneering Insurtech 2.0 through the use of embedded insurance and machine learning models, on the back of data and advanced analytics. It provides an omnichannel and automated insurance experience to first-time insurance buyers, millennials, and India’s rural segment. It has recently launched a new B2C app, which currently has 100K+ installs.

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Intello Labs launched its trade exchange platform – Praman, as part of its wider strategy to build a layer between farmers and traders through digital transformation. Praman is a groundbreaking agriculture produce trade exchange platform, with integrated quality assessment, facilitating spot-trading and e-auctioning in agri-commodities.

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Avaana congratulates Falguni Nayar and Nykaa team on their stock market debut. An inspiring milestone for entrepreneurship and the Indian start-up ecosystem.

We are happy to have had the opportunity to participate in the Nykaa journey as an early investor.

Read more here.