Lok Capital

Lok Capital is a trailblazing venture capital firm with a focus on India, committed to developing companies that achieve robust financial returns and measurable impact.

Established in 2004 and based in New Delhi, Lok Capital supports innovative, tech-driven businesses addressing the country’s most urgent social and environmental issues.

Mission & Philosophy

People First: The word “Lok” means “people” in Sanskrit; the firm’s guiding principle is to fund entrepreneurs who emphasize transparency, sustainability, and beneficial societal outcomes.

Creating Impact: Lok Capital illustrates that commercial success and societal benefit can progress together, achieving above-market returns while making a large-scale positive impact on lives.

Investment Focus

Sectors: Lok Capital specializes in early- to growth-stage ventures in fintech, financial inclusion, climate tech, agritech, healthtech, and sustainability.

Ticket Size & Stage: Investments typically range from $3 million to $18 million (smaller amounts for tech, larger for financial services) at Series A–C, occasionally entering seed or pre-Series A rounds with strong founders. Lok favors companies with established product-market fit and scalable unit economics.

Portfolio: Over 15 companies, including notable names like Veritas Finance Limited, Mintifi, Akshayakalpa Organic, Aquaconnect, Janalakshmi Financial Services, and Suryoday Small Finance Bank Ltd.

Approach & Impact

Field-Driven: Lok’s team invests considerable time with founders and stakeholders on-site, fostering long-term relationships and gaining insight into operational realities.

Proprietary Sourcing: Most of Lok’s deals are sourced through its own channels, with a thorough diligence process focused on governance, ESG, and climate risk management.

Performance: Lok Capital boasts a Net Promoter Score (NPS) of 82 among portfolio founders, distinctive impact frameworks, and consistent above-market IRRs (25%+), with successful exits through IPOs, secondaries, and M&As.

Leadership & Funds

Founded by: Donald Peck, Rajiv B. Lall, Venky Natarajan, Vishal Mehta.

Funds: Currently investing from its fourth fund (target $150M+), having returned capital from three previous funds since its inception.

Lok Capital is redefining venture investing in India, demonstrating that profitable and impactful VC is achievable at scale.