VC fund (Cat II) · Curated list
Lok Capital
Growth (Series C+) · Impact & Social · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Impact & Social
- City
- Mumbai
- HQ / office
- Gurugram (registered): 418, Time Tower, MG Road, Sector 28, Near MG Road Metro Station, Gurugram, Haryana 122002, India. Other offices: Chennai (6, Seethammal Colony, 1st Cross Street, Teynampet, Alwarpet, Chennai 600018) and Mumbai (106-107, Balrama Building, Bandra Kurla Complex Rd, E Block, BKC, Bandra East, Mumbai 400051). All three addresses confirmed on the official lokcapital.com/contact page.
- Fund registered
- 2016
- Investments on record
- 47
- Corpus (as reported)
- >USD 500 million active AUM across multiple funds (reported on official site, 2024-2025); USD 350+ million raised across 4 funds to date. Individual funds: Fund I (2006) ~USD 22M; Fund II (2010) ~USD 64M; Fund III (2016) ~USD 105M; Fund IV (2022) target up to USD 200M (had raised ~USD 100M as of 2023). AIIB committed up to USD 25M to Lok Capital Fund IV in 2023. Fund V referenced in EIB pipeline (EU-India supply chain, Lok Capital V).
- Website
- www.lokcapital.com
- Profile ↗
About
Lok Capital is an India-focused impact investment firm established in 2004 (first fund 2006), launched with support from the Rockefeller Foundation. Per the firm's own official founders page, its co-founders are Vishal Mehta, Venky (Venkatraman) Natarajan and Donald Peck; Rajiv Lall is associated with the early Lok initiative/launch but is NOT listed among the firm's official founders. It invests in tech-enabled, early-to-growth-stage enterprises addressing social and environmental challenges, focused on financial inclusion/fintech, food & agri-tech, and climate & sustainability. The firm is currently deploying from its fourth fund (an SFDR Article 9 / 2X-qualified fund) and has a strong record of taking portfolio companies — notably small finance banks — public.
Investment focus
Stage: Series A and later (early-to-growth-stage impact PE/VC); ticket size ~USD 3-18 million. Sectors: financial inclusion & fintech, food & agri-tech, climate & sustainability (healthcare/education in earlier funds).
Cheque size
Not disclosed on official site (impact growth-equity; cheques scale with USD 350M+ across 4 funds)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Sector fund (impact investing — financial inclusion, agri-tech, climate) / Cat II”
- IN/AIF2/16-17/0231
- IN/AIF2/19-20/0762
SIDBI Fund of Funds
Yes — government/DFI capital as LPs: Lok's institutional investor base includes development financial institutions; Lok Capital Fund IV LPs include the Asian Infrastructure Investment Bank (AIIB), and Lok has long-standing DFI relationships. A specific SIDBI FFS commitment to Lok was not separately verifiable.
Notable portfolio
Aquaconnect; Mintifi; Veritas Finance; SuperBottoms; Wingreens Harvest / Wingreens Farms; Moneyview; RenewBuy; Ummeed Housing Finance
Team & organisation
~13 investment professionals (2 co-founders/partners, 1 partner, 2 MDs, plus directors/VPs/associates); broader staff ~25-30
Manager entities incl. Lok Advisory Services Pvt Ltd / Lok Advisory; multi-fund. Lok Capital Growth Fund = Category II AIF (IN/AIF2/16-17/0231). Established 2004.
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Frequently asked
- What does Lok Capital invest in?
- Stage: Series A and later (early-to-growth-stage impact PE/VC); ticket size ~USD 3-18 million. Sectors: financial inclusion & fintech, food & agri-tech, climate & sustainability (healthcare/education in earlier funds).
- What cheque size does Lok Capital write?
- As compiled from public sources: Not disclosed on official site (impact growth-equity; cheques scale with USD 350M+ across 4 funds)
- How do I pitch Lok Capital through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Private impact PE/VC firm, NOT a government/DFI vehicle, though it raises LP capital from DFIs (AIIB committed up to USD 25M to Fund IV; earlier DFI LPs include CDC/BII) — this is normal LP funding, not a public-sector vehicle. Investment style is early-to-growth / later-stage rather than pure seed VC. HQ is in India. CORRECTION: original record listed "Dr. Rajiv Lall" as a co-founder and omitted official co-founder Venky Natarajan — corrected per the firm's own founders page. No rebrand, name-collision (distinct from US "Veritas Capital" / "Lok Sabha" etc.), or fraud concerns found; official domain confirmed live.
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.lokcapital.com/contact; https://www.lokcapital.com/about