Seed to Series A (impact) fund research profile
Lok Capital is an India-focused impact investment firm established in 2004, backing technology-enabled businesses in financial inclusion, health, agriculture and climate sustainability.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Lok Capital uses a seed to series a (impact) approach across Financial inclusion, health, agri.
Current evidence
Lok Capital’s 2025 public impact update and live portfolio identify named financial-inclusion, climate and agri businesses including Anveshan, Wint Wealth, Lakshmithra Finance, Saarathi Finance, Marut Drones, Clean Electric, Veritas Finance and Aquaconnect.
Strategy
Seed to Series A (impact)
Sector focus
Financial inclusion, health, agri
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
Lok Capital’s 2025 public impact update and live portfolio identify named financial-inclusion, climate and agri businesses including Anveshan, Wint Wealth, Lakshmithra Finance, Saarathi Finance, Marut Drones, Clean Electric, Veritas Finance and Aquaconnect.
Investor questions
Lok Capital is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Seed to Series A (impact), with a sector focus of Financial inclusion, health, agri. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to Lok Capital in the reviewed public sources: Anveshan, Wint Wealth, Lakshmithra Finance, Saarathi Finance, Marut Drones, Clean Electric, Veritas Finance, Aquaconnect. It does not represent a complete current portfolio unless the manager has published one.
Lok’s public portfolio and team pages name Utkarsh SFB, Janalakshmi, Satin Credit Care, Mintifi, OSAM Dairy, Akshayakalpa, Clean Electric, Marut Drones and others. The firm describes above-market returns but does not publish a consolidated return multiple. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: The GP reports Fund I at $22M, Fund II at $64M, Fund III at $105M and Fund IV with a $150M target; a Fund V is shown in the platform evolution.. Public terms or access information: Seed to Series A and early-growth impact investing across financial services, food/agri, health and climate. The firm invites institutions seeking India exposure and impact objectives.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Vishal Mehta. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: Current vehicle terms, complete portfolio attribution and fund-level returns are not publicly disclosed..
2025: Lok Capital’s 2025 public impact update and live portfolio identify named financial-inclusion, climate and agri businesses including Anveshan, Wint Wealth, Lakshmithra Finance, Saarathi Finance, Marut Drones, Clean Electric, Veritas Finance and Aquaconnect.
Next step
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