Growth equity fund research profile
Lok Capital Growth Fund IV is an India-focused growth private-equity vehicle backing technology-enabled businesses in financial services, climate, food and agriculture, and healthcare. The fund is designed for inclusive-growth opportunities serving underserved households and small businesses, with public disclosures showing investments across finance, climate technology, agri value chains and rural products.
At a glance
Research profile
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Investment lens
Lok Capital Growth Fund IV uses a growth equity; technology-enabled businesses serving underserved markets approach across Financial services, climate, food & agriculture, healthcare.
Current evidence
Lok's 2025 impact update reported new founders in financial inclusion and climate/sustainability while identifying the active Lok IV portfolio. Development-finance disclosures also record Fund IV investments in Clean Electric, Aquaconnect, GrowXCD Finance, Marut Dronetech, SuperBottoms, Seeds Fincap, Veritas Finance and Moneyview; Saarathi Finance was added in 2025.
Strategy
Growth equity; technology-enabled businesses serving underserved markets
Sector focus
Financial services, climate, food & agriculture, healthcare
AIF structure context
Indian private equity, growth, buyout and many real-asset strategies are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Lok's 2025 impact update reported new founders in financial inclusion and climate/sustainability while identifying the active Lok IV portfolio. Development-finance disclosures also record Fund IV investments in Clean Electric, Aquaconnect, GrowXCD Finance, Marut Dronetech, SuperBottoms, Seeds Fincap, Veritas Finance and Moneyview; Saarathi Finance was added in 2025.
Investor questions
Lok Capital Growth Fund IV is covered in Rupeia's private equity research universe. The current public record describes the strategy as Growth equity; technology-enabled businesses serving underserved markets, with a sector focus of Financial services, climate, food & agriculture, healthcare. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Lok Capital Growth Fund IV in the reviewed public sources: Clean Electric, Coastal Aquaculture Research Institute (Aquaconnect), GrowXCD Finance, Marut Dronetech, Navashya Consumer Products (SuperBottoms), Seeds Fincap, Veritas Finance, WHIZDM Money View, Saarathi Finance. It does not represent a complete current portfolio unless the manager has published one.
Fund IV disclosures identify active positions in Clean Electric, Aquaconnect, GrowXCD Finance, Marut Dronetech, SuperBottoms, Seeds Fincap, Veritas Finance, Moneyview and Saarathi Finance. The public record supports company-level attribution but does not disclose fund-level IRR or a complete exit schedule. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Target size up to US$200 million per AIIB; BII describes a US$150–180 million range. Final close is not publicly disclosed.. Public terms or access information: Closed-end, growth-stage private equity; typical investments are described in public ESG materials as approximately US$5–20 million. Fees, carry, ownership targets and reserves are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Rajat Bansal (Managing Director); Venky Natarajan (Co-founder and Partner); Vishal Mehta (Co-founder and investment leader); Hari Krishnan (Director). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review entry valuation, leverage, governance rights, concentration, execution of the value-creation plan and exit timing. The current open diligence point is: The final close, fund-level returns, fees, carry and complete realised-exit schedule are not publicly disclosed. Public portfolio attribution is based on the manager's Fund IV portfolio pages and development-finance disclosures..
2025-11-01: Lok's 2025 impact update reported new founders in financial inclusion and climate/sustainability while identifying the active Lok IV portfolio. Development-finance disclosures also record Fund IV investments in Clean Electric, Aquaconnect, GrowXCD Finance, Marut Dronetech, SuperBottoms, Seeds Fincap, Veritas Finance and Moneyview; Saarathi Finance was added in 2025.
Next step
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