Lok Capital logo

Lok Capital

Asia, Delhi, India, New Delhi

Description

Lok Capital, established in 2004 and headquartered in New Delhi, India, stands as a pioneering impact investor dedicated to fostering inclusive growth across critical sectors. The firm's core mission revolves around leveraging capital to create sustainable social and economic development for underserved populations in India. Their investment thesis spans financial inclusion, healthcare, agriculture, and climate solutions, reflecting a holistic approach to addressing societal challenges through market-based solutions. Lok Capital has consistently demonstrated a commitment to supporting enterprises that not only generate financial returns but also deliver measurable positive impact.

The firm's investment strategy primarily targets early to growth-stage companies that exhibit strong business models and a clear pathway to scale. Lok Capital typically deploys initial cheques ranging from $3 million to $10 million, with a capacity for larger follow-on investments as portfolio companies mature. This flexible approach allows them to support promising ventures from their nascent stages through significant expansion. With over 30 investments to date across its various funds, Lok Capital has built a robust portfolio of companies that are driving innovation and access in their respective domains, from microfinance institutions to affordable healthcare providers and agri-tech platforms.

Lok Capital manages significant capital, with its latest vehicle, Lok Capital IV, having achieved a first close of $100 million towards a target of $150 million. This fund aims to deepen the firm's impact by investing in more mature enterprises that are poised for substantial scale and broader societal reach. The firm's long-standing presence in the Indian impact investing landscape, coupled with its strategic focus on sectors vital for inclusive development, positions Lok Capital as a key player in channeling capital towards sustainable and equitable growth opportunities within the country. Their commitment extends beyond just capital, often providing strategic guidance and leveraging their extensive network to support portfolio companies' growth trajectories.

Investor Profile

Lok Capital has backed more than 23 startups, with 4 new investments in the last 12 months alone. The firm has led 9 rounds, about 39% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Series B rounds (top funding stages).
  • Majority of deals are located in India.
  • Strong thematic focus on Financial Services, Finance, Small and Medium Businesses.
  • Led 2 rounds in the past year.
  • Typical check size: $3M – $15M.

Stage Focus

  • Series A (30%)
  • Series Unknown (22%)
  • Series B (17%)
  • Series C (17%)
  • Private Equity (9%)
  • Series E (4%)

Country Focus

  • India (100%)

Industry Focus

  • Financial Services
  • Finance
  • Small And Medium Businesses
  • Fintech
  • Banking
  • Credit
  • Lending
  • Agtech
  • Artificial Intelligence (Ai)
  • Education
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Lok Capital frequently co-invest with?

Acumen
North America, New York, United States, New York
Co-Investments: 2
Kalaari Capital
Asia, Karnataka, India, Bangalore
Co-Investments: 2
Gaja Capital
Asia, Maharashtra, India, Mumbai
Co-Investments: 2
Michael & Susan Dell Foundation
North America, Texas, United States, Austin
Co-Investments: 2
CDC Group
Europe, England, United Kingdom, London
Co-Investments: 3
Flourish Ventures
North America, California, United States, San Francisco
Co-Investments: 3
EI
Asia, Maharashtra, India, Mumbai
Co-Investments: 3
Kotak Life Insurance
Asia, Maharashtra, India, Mumbai
Co-Investments: 2
Duane Park
North America, New York, United States, New York
Co-Investments: 2
Omidyar Network
North America, California, United States, Redwood City
Co-Investments: 2

Which angels does Lok Capital often collaborate with?

Pankaj Chaddah
Asia, Haryana, India, Gurgaon
Shared Deals: 1
Shared Deals: 3

What are some of recent deals done by Lok Capital?

Saarathi Finance

Mumbai, Maharashtra, India

Saarathi Finance provides small and medium business credit solutions.

BankingFinanceFinancial ServicesSmall and Medium Businesses
Series AMay 28, 2025
Amount Raised: $55,649,614
MARUT Drones

Hyderabad, Andhra Pradesh, India

MARUT Drones is a drone technology company that uses drones to enhance agricultural productivity and efficiency in farming practices.

AgTechArtificial Intelligence (AI)DronesInformation TechnologyMachinery ManufacturingSoftware
Series ANov 5, 2024
Amount Raised: $6,193,787
Veritas Finance

Guindy, Tamil Nadu, India

Veritas Finance focuses on providing loans to meet the financial needs of micro, small, and medium-sized businesses.

FinanceFinancial ServicesSmall and Medium Businesses
Private EquitySep 9, 2024
Amount Raised: $28,577,843
Clean Electric

Pune, Maharashtra, India

Our mission is to enable Mankind's shift to Clean Energy, we do it with batteries that can charge faster, last longer and are safe.

AutomotiveBatteryCleanTechElectric Vehicle
Series AAug 30, 2024
Amount Raised: $5,781,680
Aquaconnect

Chennai, Tamil Nadu, India

Aquaconnect is an aquaculture platform that uses AI and satellite remote sensing to decarbonize the seafood value chain.

AgTechAquacultureArtificial Intelligence (AI)FinTechSeafood
Series ADec 19, 2022
Amount Raised: $14,530,950
Mintifi

Mumbai, Maharashtra, India

Mintifi is a supply chain financing platform that provides loans and other simple lending solutions.

Financial ServicesFinTechLending
Series CFeb 8, 2022
Amount Raised: $40,029,105
RenewBuy

Gurgaon, Haryana, India

RenewBuy is an InsurTech company that offers a variety of insurance policies and financial products via its online distribution platform.

Financial ServicesInsurancePoint of Sale
Series CJun 18, 2021
Amount Raised: $44,777,669
Suryoday Small Finance Bank

Mumbai, Maharashtra, India

Suryoday Small Finance Bank is a registered Non-Banking Finance Company.

BankingFinanceFinancial Services
Private EquityMay 28, 2020
Amount Raised: $8,200,000
Veritas Finance

Guindy, Tamil Nadu, India

Veritas Finance focuses on providing loans to meet the financial needs of micro, small, and medium-sized businesses.

FinanceFinancial ServicesSmall and Medium Businesses
Series EMar 20, 2020
Amount Raised: $46,282,461
Suryoday Small Finance Bank

Mumbai, Maharashtra, India

Suryoday Small Finance Bank is a registered Non-Banking Finance Company.

BankingFinanceFinancial Services
Series UnknownApr 3, 2019
Amount Raised: $36,012,215