2 Critical Gaps Blocking Series B: (1) SHA MIS covenant breach — active Sequoia Surge notice. (2) RBI PA Licence renewal overdue. Fix both before initiating investor conversations.
2
Hot Matches
4
Warm Matches
5
Eligible
1
Applied
Peak XV Partners (Sequoia India)
🔥 Hot Match 🤝 Warm Intro Available Ticket: ₹80Cr – ₹250Cr · Stage: Series B
B2B SaaS with strong unit economics. Revenue-led growth, net dollar retention >110%.
Requirements
✓ Audited financials FY24
✓ ARR >₹12Cr
✗ NRR >110%
✗ Data room ready
Contact: Shailendra Singh
Lightspeed India Partners
🔥 Hot Match 🤝 Warm Intro Available Ticket: ₹60Cr – ₹200Cr · Stage: Series B
Fintech infra and SaaS. Strong product velocity, defensible moat, founder quality.
Requirements
✗ B2B SaaS metrics deck
✗ Customer cohort analysis
✓ Reference calls ×3
Contact: Hemant Mohapatra
Accel India
Warm Match Ticket: ₹50Cr – ₹150Cr · Stage: Series B
Fintech, SaaS, consumer tech. Pre-Series B and Series B. India-first thesis.
Requirements
✗ Financial model (5yr)
✗ Veritas Score >75
✗ Unit economics sheet
Contact: Subrata Mitra
Matrix Partners India
Warm Match Ticket: ₹40Cr – ₹120Cr · Stage: Series A/B
Early to growth. SaaS and fintech with proven enterprise traction.
Requirements
✓ Enterprise customer list
✗ ARR bridge
✗ Cap table clean
Contact: Vikram Vaidyanathan
Trifecta Capital
Eligible Ticket: ₹10Cr – ₹50Cr · Stage: Series A+
Venture debt for Series A/B companies. Non-dilutive growth capital.
Requirements
✓ 6-month runway
✓ DPIIT recognised
✓ Audited financials
Contact: Rahul Khanna
Stride Ventures
Eligible Ticket: ₹5Cr – ₹40Cr · Stage: Series A+
Venture debt alongside equity rounds. Revenue-based repayment available.
Requirements
✓ DPIIT cert
✓ Institutional investor on cap table
✓ MRR >₹50L
Contact: Ishpreet Gandhi
RBL Bank (Strategic)
Warm Match Ticket: ₹20Cr – ₹100Cr · Stage: Series A/B
Strategic fintech partnerships with co-lending and API banking capabilities.
Requirements
✓ RBI compliance cert
✗ PA licence
✓ API integration scope
Contact: Partnerships desk
HDFC Bank (Strategic)
Warm Match Ticket: ₹30Cr – ₹150Cr · Stage: Series A/B
Digital banking and fintech co-creation. HDFC Xcelerate programme.
Requirements
✗ RBI PA licence
✗ 6-month partnership POC
✗ CIBIL integration demo
Contact: Innovation arm
Indian Angel Network
Eligible Ticket: ₹1Cr – ₹10Cr · Stage: Seed/A
Angel syndicate. For bridge rounds or secondary at Series A.
Requirements
✓ Executive summary
✓ 1-pager deck
✓ Pitch session
Contact: Padmaja Ruparel
Alteria Capital
Eligible Ticket: ₹8Cr – ₹35Cr · Stage: Series A+
Venture debt and structured instruments. Revenue-based financing available.
Requirements
✓ Institutional investors
✓ Revenue >₹1Cr MRR
✗ Clean compliance
Contact: Vinod Murali
MeitY Startup Hub
Applied Ticket: ₹25L – ₹2Cr · Stage: Any stage
Technology grants for digital India missions. FinTech and payment infra preferred.
Requirements
✓ DPIIT recognition
✓ Innovation proposal
✓ Prototype/MVP
Contact: meity-hub.in
SIDBI Fund of Funds (FOF)
Eligible Ticket: ₹5Cr – ₹50Cr · Stage: Series A/B
SIDBI backs SEBI-registered AIFs and VCFs investing in startups.
Requirements
Institutional VC on cap table
✗ AIF registration
✓ ESG criteria
Contact: sidbi.in
Grant Eligibility Engine — Matched against DPIIT recognition, stage, sector, geography, and platform compliance data. Update your profile to improve eligibility scores.
0
Active Benefits
0
Applied / Pending
0
Eligible to Apply
Grant & Scheme Register
Sorted by eligibility score · 9 programmes tracked
Programme
Amount
Deadline
Eligibility
Status
DPIIT Startup India Seed Fund
DPIIT · Central Govt
FinPilot already has DPIIT recognition (CERT-003). Apply via Startup India portal.
₹20L–₹50L
Rolling
Rolling
MeitY FinTech Grant
MeitY · Central Govt
Application submitted Dec 2024. Decision pending. Supports payment infra projects.
₹25L–₹2Cr
Mar 31, 2025
Mar 31, 2025
RBI Innovation Sandbox
RBI · Regulatory
Sandbox approval enables testing regulated features. Signals RBI relationship.
Non-monetary
Rolling
Rolling
Startup India Tax Exemption (80-IAC)
DPIIT/CBDT · Tax Benefit
Already certified. Eligible for 3-year income tax holiday on qualifying profits.
3yr tax-free
Perpetual
Perpetual
Karnataka Elevate Programme
Govt. Karnataka · State Govt
Karnataka HQ registration needed. Consider secondary office registration.
₹25L
Jun 30, 2025
Jun 30, 2025
NASSCOM Deep Tech Grant
NASSCOM · Industry Body
Application submitted Feb 2025. Uses ML in transaction reconciliation — eligible.
₹10L–₹50L
Apr 30, 2025
Apr 30, 2025
Atal Innovation Mission (AIM)
NITI Aayog · Central Govt
Broader innovation grant. Stronger if education or rural fintech angle added.
₹1Cr–₹10Cr
Quarterly call
Quarterly call
SIDBI MSME Loan (SchemeX)
SIDBI · Quasi-Govt Debt
Quasi-equity instrument at 8-10% — useful for non-dilutive top-up between rounds.
₹50L–₹10Cr
Rolling
Rolling
UP IT & Startup Policy Grant
Govt. UP · State Govt
Not eligible without UP entity. Low priority unless expansion planned.
₹10L–₹25L
Dec 31, 2025
Dec 31, 2025
Eligibility Improvement Actions
Register a Karnataka branch office
Unlocks Karnataka Elevate (₹25L) — 2-week process via ROC
Complete ISO 27001 certification
Unlocks MeitY and several BFSI-linked grant programmes
Apply for CRISIL credit assessment
Required for SIDBI scheme eligibility and venture debt
Add social/rural fintech use case to product
Unlocks AIM grant — ₹1Cr–₹10Cr — NITI Aayog
2
Critical
2
High Priority
3
Medium
2
Low
Fundability Gap Engine — Gaps identified from Veritas Score components, compliance data, document vault, cap table, and covenant status. Fix critical gaps before starting investor outreach.
Investor Covenants
Critical +4 pts on Veritas Score
SHA MIS Nov 2024 overdue by 38 days — active breach with Sequoia Surge
Blocks Series B fundraise conversations — investors will request SHA clean chit
Fix: Submit MIS immediately and issue cure confirmation to investor Est. 2 days
Financial Documents
High +6 pts on Veritas Score
No audited financials for FY 2024-25 yet — only FY 2023-24 available
Series B investors require last 2 years audited. FY25 audit must be completed
Fix: Engage M/s Deloitte to fast-track FY25 audit by May 2025 Est. 90 days
Security Certification
High +5 pts on Veritas Score
ISO 27001 in-progress (62%) — no certification yet. SOC 2 not started
BFSI enterprise clients and US market expansion blocked without ISO/SOC 2
Fix: Complete ISO 27001 Stage 2 audit by Apr 2025. Start SOC 2 immediately after Est. 90 days
Cap Table Clarity
Medium +3 pts on Veritas Score
Minor discrepancy in ESOP pool accounting — 50,000 options not reflected in BSH
Investors will flag in due diligence. ESOP trust deed needs updating
Fix: Update BSH and ESOP records with CA Radhika Iyer within 30 days Est. 30 days
RBI Licence Renewal
Critical +5 pts on Veritas Score
RBI PA Licence renewal 60-day notice missed — expiry Mar 31, 2025
PA licence lapse stops payment aggregation operations. Material legal risk
Fix: File renewal application with RBI Pravaah portal immediately Est. 7 days
Revenue Metrics
Medium +0 pts on Veritas Score
ARR is ₹14.4Cr — Series B threshold typically ₹20Cr+ for top-tier VCs
Below threshold for Peak XV / Lightspeed lead ticket. Continue growth to ₹20Cr ARR
Fix: Achieve ₹20Cr ARR by Q3 FY26 (≈Sep 2025). Document MoM growth trajectory Est. 180 days
Data Room
Medium +3 pts on Veritas Score
Data room not fully assembled — 7 of 24 required documents missing
Investors will stall at data room stage without complete documentation
Fix: Assemble full data room using Deal Room module (target: 2 weeks) Est. 14 days
Traction Documentation
Low +2 pts on Veritas Score
Customer cohort analysis not formalised — retention data available but unstructured
Series B investors require LTV/CAC, NRR, and cohort waterfall
Fix: Build SaaS metrics deck with cohort analysis (engage Ramesh Varma — Expert Marketplace) Est. 20 days
Debt Readiness
Low +1 pt on Veritas Score
No credit rating or external credit assessment — limits venture debt access
Trifecta / Stride / Alteria require credit profile for venture debt structuring
Fix: Engage CRISIL or ICRA for credit assessment (4-6 weeks) Est. 42 days
Fundability Score Impact: Fixing all critical and high-priority gaps will improve your Veritas Score by an estimated +20 points (from 74 to 94), unlocking the top-tier investor threshold. Critical gaps alone account for +9 points.
Active Outreach Pipeline
1 hot · 3 warm · 2 pending
Investor / Source
Type
Next Step
Last Contact
Status
Peak XV Partners
VC — Series B
Submit Nov MIS cure letter + share updated data room
Feb 10, 2025
🔥 Active
Lightspeed India
VC — Series B
Follow up with Q3 financials and cohort data
Jan 28, 2025
In Progress
Trifecta Capital
Venture Debt
Send audited financials + DPIIT cert + PA licence copy
Feb 03, 2025
In Progress
MeitY Grant
Govt. Grant
Jan 15, 2025
Jan 15, 2025
Pending
NASSCOM Grant
Industry Grant
Feb 01, 2025
Feb 01, 2025
Pending
Accel India
VC — Series B
Send Series B deck and financial model
Feb 08, 2025
In Progress
RBL Bank
Strategic Investment
Schedule demo of API banking integration
Jan 20, 2025
Cold
Series B Fundraise Funnel
Universe (matched VCs)
12
100%
In active conversation
5
42%
Data room shared
3
25%
Partner meeting done
2
17%
Term sheet stage
1
8%
Next milestone: Move 2 partners from conversation to data room stage. Fix SHA breach and RBI renewal first — investors will request clean chit before data room access.