About Lok Capital
Lok Capital is a venture capital firm founded in 2004. It is primarily based out of Gurugram, India. As of Jan 2025, Lok Capital is an active investor, having invested in 44 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it led the $6.2M Series A round of Marut Drones along with Himanshu Varshney. This round also saw participation from Srivats Ram.
Overall, Lok Capital portfolio has seen 1 unicorn, 11 IPOs and 4 acquisitions including key companies like Ujjivan Small Finance Bank, Equitas Small Finance Bank and Jana Small Finance Bank. A lot of funds co-invest with Lok Capital, with names like SIDBI sharing a substantial percentage of its portfolio.
Lok Capital has team of 27 people including 10 partners.
Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B &
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Lok Capital's Year-on-Year Investment Trends
Lok Capital has invested in 44 companies over the last 18 years, with an average of 2 new investments annually in the last 10 years. In 2024, it made 4 investments, while as of Jan 2025, it has made 1 investment in this year. Its most recent first time investment was in Marut Drones and most recent follow-on round was in GrowXCD.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 1 | 1 |
2024 | 2 | 2 | 4 |
2023 | 3 | 0 | 3 |
2022 | 2 | 1 | 3 |
2021 | 1 | 2 | 3 |
2020 | 0 | 4 | 4 |
2019 | 3 | 3 | 6 |
2018 | 1 | 4 | 5 |
2017 | 4 | 1 | 5 |
2016 | 2 | 0 | 2 |
Get Lok Capital's portfolio delivered to your inbox!
Lok Capital's Investment Trends by Stage
Lok Capital has made 16 investments in Series A stage with an average round size of $4.77M, 8 investments in Series B stage with an average round size of $10.3M and 5 investments in Seed stage with an average round size of $909K.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 16 |
Series B | 8 |
Seed | 5 |
PE | 4 |
Series C | 2 |
Others | 3 |
Lok Capital's Investment Trends by Sector
Lok Capital has a diverse portfolio, with companies operating in the Financial Services, Sustainability Tech, Consumer Goods, Food and Agriculture and Food and Agriculture Tech. Notably, it has invested in 25 Consumer (B2C) companies, 23 Enterprise (B2B) companies, 14 Tech companies and at least 12 companies focusing on Social impact.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Financial Services | 21 |
Sustainability Tech | 9 |
Consumer Goods | 5 |
Food and Agriculture | 5 |
Food and Agriculture Tech | 5 |
Others | 40 |
Lok Capital's Investment Trends by Geography
Lok Capital has made most investments in India (42), followed by United States where it has made 1 investments.
Lok Capital's recent investments
Here are the most recent investments by Lok Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 30, 2025 | India | Series A | $5.77M | ||
Oct 09, 2024 | India | Series A | $6.2M | Himanshu Varshney [+1] | |
Aug 23, 2024 | India | Series A | $6M | [+9] | |
Jul 17, 2024 | India | Series A | $8.5M | ||
Jun 28, 2024 | India | Series A | $1.14M | [+2] |
Get the detailed list of all investments by Lok Capital. Download now!Unicorns in Lok Capital's Portfolio
Here is a list of unicorns in Lok Capital's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Provider of digital financial services including loans, investments, and insurance | 2014 | Bengaluru | Series E | hopkdiv |
IPOs and Publicly Listed companies in Lok Capital's Portfolio
Here are Lok Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 14, 2024 | Mar 2007 | Series A | $1.22M | |
Aug 24, 2021 | - | - | - | |
Mar 26, 2021 | Aug 31, 2010 | Series A | $3.72M | |
Nov 02, 2020 | - | - | - | |
Dec 12, 2019 | Nov 19, 2008 | Series C | $18.9M |
Acquired companies in Lok Capital's Portfolio
Here are Lok Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 10, 2024 | Dec 13, 2017 | PE | $18.6M | |
Oct 08, 2022 | Aug 01, 2012 | Series B | $7.35M | |
Oct 30, 2014 | Sep 11, 2009 | Series A | $1.75M | |
Sep 13, 2012 | Jul 05, 2008 | Series A | $1.5M |
Team profile of Lok Capital
Lok Capital has a team of 27 membersÌýincluding 10 Partners and 9 PrincipalsÌýlocated in India, United States and . Lok Capital's team sits on the board of 9 companies.Here is a list of top team members in Lok Capital:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Bengaluru | - | ||
Partner | Chennai | |||
Partner | Delhi | Ummeed Housing Finance, Sewa Grih RIN Limited and 3 more | ||
Partner | Chennai | |||
Partner | Chennai | |||
Partner | London | |||
Partner | Mumbai | - | ||
Partner | Gurugram | - | ||
Partner | Delhi | - | ||
Partner | Delhi | - | - | |
Principal | Delhi |
Get the full list of Lok Capital's team & partners for free. Download now!Co-investors of Lok Capital
Over the past 18 years, 776 investors have co-invested in Lok Capital's portfolio companies.
- Invested before Lok Capital:ÌýAavishkaar Capital, Unitus and 110 others have invested in rounds before Lok Capital. There are 3 companies where Aavishkaar Capital has invested before Lok Capital and 2 companies where Unitus has invested before Lok Capital.
- Top Co-investors of Lok Capital:Ìý90 investors entered a company along with Lok Capital. These include investors like SIDBI (3 companies).
- Invested after Lok Capital:ÌýA total of 574 investors have invested in Lok Capital's portfolio after their investments. Top Investors include British International Investment (7 companies), IFC (5 companies) and FMO (5 companies).
Get full list of Lok Capital's co-investors delivered to your inbox!
Recent News related to Lok Capital
•
•
•
•
Bar & Bench•Sep 23, 2024•Clean Electric, Info Edge Ventures, pi Ventures, Kalaari Capital and 2 others
•
•
•
•
•
•
