About DMI Sparkle Fund
DMI Sparkle Fund is a venture capital firm founded in 2017. It is primarily based out of Delhi, India. As of Sep 2025, DMI Sparkle Fund has invested in 32 companies. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and EdTech. Most recently it participated in the $***** Series A round of Finfactor Overall, DMI Sparkle Fund portfolio has seen 2 unicorns, 2 IPOs and 1 acquisition including key companies like Moneyview, MobiKwik and OneCard. A lot of funds co-invest with DMI Sparkle Fund, with names like VCAPL sharing a substantial percentage of its portfolio. DMI Sparkle Fund has team of 10 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Portfolio Acquisitions
DMI Sparkle Fund's List of Top Investments
DMI Sparkle Fund has a portfolio of 32 companies, including 2 unicorns. Their most notable investments are in Quickwork and Servify.Their portfolio spans across and India. They have invested in Enterprise Applications, FinTech, EdTech and 12 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by DMI Sparkle Fund:
1. Finnable
Platform offering online personal loans with minimal documentation. The company offers quick loan processing through a digital platform, requiring only a few basic documents. Loans are disbursed rapidly, and the process is entirely online. Various loan products are available, catering to different needs, with flexible repayment options. The company aims to provide a seamless and hassle-free borrowing experience. Customer support is available for assistance.
Key facts about Finnable
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $90.2M
- Employee Count: 2,214 as on May 31, 2026
- Investors: TVS Capital Funds, Manipal Group and 28 Others
- Latest Funding Round: Series C, Aug 01, 2025, $*****
- Highlight: Editors' Pick
2. Scripbox
Platform offering mutual fund investments, financial planning, and wealth growth services. It provides tools for financial planning, personalized investment recommendations, and progress tracking. The platform offers options for investing in both regular and direct mutual funds across various categories, including equity, large cap, mid cap, and multi cap funds. It also provides market insights through newsletters and social media channels.
Key facts about Scripbox
- Founded Year: 2012
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $87.6M
- Employee Count: 261 as on Sep 30, 2026
- Investors: Innoven Capital, Trifecta Capital and 73 Others
- Latest Funding Round: Series D, Jul 15, 2026, $*****
- Highlight: Editors' Pick
3. Moneyview
Provider of personal loans, home loans, credit cards, and other services. The platform facilitates access to financial products through its lending and banking partners. Services include personal loans, home loans, business loans, loans against property, and credit cards. It also provides options for fixed deposits, gold investment, and vehicle insurance. The platform offers credit tracking and unified payment interface services.
Key facts about Moneyview
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $215M
- Employee Count: 718 as on May 31, 2025
- Investors: Evolvence Equity Partners, Nexus Venture Partners and 25 Others
- Latest Funding Round: Conventional Debt, Nov 27, 2025, $*****
- Highlight: Public
4. MobiKwik
Provider of mobile and DTH recharge and bill payment services. This platform facilitates digital transactions for various utility services and mobile top-ups.
Key facts about MobiKwik
- Founded Year: 2009
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $279M
- Employee Count: 680 as on Mar 31, 2025
- Investors: ADIA, Analah Ventures and 125 Others
- Latest Funding Round: Conventional Debt, Mar 28, 2024, $*****
- Highlight: Public
5. OneCard
Provider of metal credit cards with integrated mobile application management. This financial service offers a digital onboarding process and a mobile platform for managing transaction limits, contactless payments, and domestic or international usage. The service includes reward programs for spending categories and flexible installment payment options, allowing users to share credit limits with family members while maintaining control over account activity.
Key facts about OneCard
- Founded Year: 2019
- Location: Pune (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $262M
- Employee Count: 939 as on Apr 30, 2026
- Investors: GIC, Temasek and 38 Others
- Latest Funding Round: Venture Debt, Dec 12, 2025, $*****
- Highlight: Editors' Pick
DMI Sparkle Fund's Year-on-Year Investment Trends
DMI Sparkle Fund has invested in 32 companies over the last 7 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Bharat Housing Network and most recent follow-on round was in Finfactor.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 4 | 4 |
2023 | 4 | 6 | 10 |
2022 | 11 | 7 | 18 |
2021 | 5 | 6 | 11 |
2020 | 5 | 0 | 5 |
2019 | 3 | 0 | 3 |
DMI Sparkle Fund's Investments by Stage
DMI Sparkle Fund has made 9 investments in Seed stage with an average round size of $2.05M, 8 investments in Series A stage with an average round size of $6.25M and 4 investments in Series B stage with an average round size of $64.4M.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 8 |
Series B | 4 |
Conventional Debt | 2 |
Series C | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
DMI Sparkle Fund's Investments by Sector
DMI Sparkle Fund has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Financial Services, Vertical SaaS and InsurTech. Notably, it has invested in 31 Tech companies, 22 Enterprise (B2B) companies, 19 Software companies and at least 14 companies focusing on Saas.Sector | No. of Investments |
|---|---|
FinTech | 25 |
Enterprise Applications | 13 |
Financial Services | 6 |
Vertical SaaS | 6 |
InsurTech | 3 |
Others | 14 |
Note: We have considered here, only first round of investments
DMI Sparkle Fund's Investments by Geography
DMI Sparkle Fund has made most investments in India (28).DMI Sparkle Fund's recent investments
DMI Sparkle Fund has not made any investment in 2026 so far.Here are the most recent investments by DMI Sparkle Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 15, 2025 | India | Series A | 3646 | ||
Sep 26, 2024 | India | Series C | 3411 | [+1] | |
Jun 21, 2024 | India | Series A | 3919 | [+2] | |
Jun 18, 2024 | India | Series B | 9933 | ||
Jan 06, 2024 | India | Seed | 7719 | [+3] |
Unicorns in DMI Sparkle Fund's Portfolio
DMI Sparkle Fund has 2 unicorns in its portfolio - OneCard and Slice. The most recent unicorn in their portfolio is OneCard. It became a unicorn in 2022, 2 years after DMI Sparkle Fund first invested in it.Here is a list of unicorns in DMI Sparkle Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Provider of metal credit cards with integrated mobile application management | 2019 | Pune | Series D | tjktkrb | ||
72 | Provider of digital banking and financial services | 2015 | Bengaluru | Series D | gzdftit |
IPOs and Publicly Listed companies in DMI Sparkle Fund's Portfolio
2 of DMI Sparkle Fund's portfolio companies have become public. Moneyview got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2026 at marketcap of $616M and MobiKwik got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $254M.Here are DMI Sparkle Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 01, 2026 | Mar 08, 2022 | Series D | 1947 | |
Dec 18, 2024 | Jun 02, 2021 | Series G | 8901 |
Acquired companies in DMI Sparkle Fund's Portfolio
1 company from DMI Sparkle Fund's portfolio has been acquired. The most recent acquisition was Arya.ai in Apr 2024 by Aurionpro for $*****.Here are DMI Sparkle Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 19, 2024 | May 15, 2020 | Seed | 1089 |
Team profile of DMI Sparkle Fund
DMI Sparkle Fund has a team of 10 members including 3 Partners and 1 Principal located in India. DMI Sparkle Fund's team does not sit on the board of any company as of now.Here is a list of all team members in DMI Sparkle Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Principal | Delhi | - | - |
Co-investors of DMI Sparkle Fund
Over the past 7 years, 1015 investors have co-invested in DMI Sparkle Fund's portfolio companies. This includes funds and angels.
- Invested before DMI Sparkle Fund: Shivashish Chatterjee, Accel and 659 others have invested in rounds before DMI Sparkle Fund. There are 4 companies where Shivashish Chatterjee has invested before DMI Sparkle Fund and 3 companies where Accel has invested before DMI Sparkle Fund.
- Top Co-investors of DMI Sparkle Fund: 145 investors entered a company along with DMI Sparkle Fund. These include investors like VCAPL (5 companies).
- Invested after DMI Sparkle Fund: A total of 209 investors have invested in DMI Sparkle Fund's portfolio after their investments. Top Investors include Alteria Capital (3 companies), Nexus Venture Partners (2 companies) and WestBridge Capital (2 companies).
Recent News related to DMI Sparkle Fund
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DMI Alternatives Closes $120 Mn Capital for Private Credit FundEntrackr•Dec 04, 2025•DMI Sparkle Fund
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Finfactor Secures $15 Mn to Expand B2B Account Aggregator SolutionsStartupNews•Dec 01, 2025•WestBridge Capital, Finfactor Technologies, VCAPL, DMI Sparkle Fund and 2 others
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Cricket star Rohit Sharma invests in fintech sector with LEO1Business Today•Jun 19, 2024•LEO 1, Ardent Venture Partners, DMI Sparkle Fund, Lighthouse Canton and 2 others
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Quickwork raised $2.5 M Pre-series A funding from DMI Sparkle FundIncubees•Dec 29, 2023•Quickwork, DMI Sparkle Fund
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Bharat Housing Network raises ₹125 cr in Series A round led by NabventuresMint•Nov 08, 2023•Bharat Housing Network, NABVENTURES, Varanium, 9Unicorns and 4 others
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Quickwork Secures $2.5 Mn Pre-series A2 Funding Led by DMI Alternative Investment Fund – The Sparkle FundViestories•Nov 08, 2023•Quickwork, DMI Finance, DMI Sparkle Fund
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Sparkle, an early fund specializing in regional co-creation in Tohoku, launches its first fund at a scale of 3 billion yenTHE BRIDGE•Nov 08, 2023•DMI Sparkle Fund
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Debt collections SaaS platform Credgenics raises USD50 Mn in series B fundingCredgenics•Aug 09, 2023•Credgenics, Westbridge Capital Ltd., Accel, Tanglin Venture Partners and 5 others
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Indian device management platform Servify raises $5.7mShareandstocks•Apr 27, 2023•Servify, Crescent Enterprises, Trifecta Capital, AmTrust Financial and 3 others
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