Tengelmann Ventures

Early-stage venture firm led by experienced investors with a passion for consumer businesses. Your First Institutional Investor: We invest in exciting consumer businesses (& their enablers) from Seed to Series A. Lead with Conviction: We lead rounds; we don’t borrow conviction from others. Sector Focus: Digital Consumer businesses and their Enablers Ticket Size: 'First cheque' sizes of INR 10-150 million Subsequent Rounds: We have reserved significant capital for follow on investment in our portfolio companies Partner of Choice: We’ve been helping founders build businesses through good times and bad for two decades The Story behind the People We have 30+ years of cumulative experience managing third-party capital Partners in several consumer journeys at multiple stages across categories. We have professionally and personally invested across 20+ consumer businesses from seed stage to growth. We believe in marrying rigor with agility and are deeply engaged in value creation with our founders. We are looking to play the long game with people willing to play the long game. PRATH is a labor of love for us to translate our passion for consumer investing into an institution, that we hope, will far outlive and outshine us.

We are generalists with a proven track record in Gaming, esports, D2C, B2B SaaS and decarbonization. We believe success is created by a team mixed with dreamers and crafters - we are venture engineers who help the two.

We’re helping to create world-class businesses, drive transformation and accelerate change. As the corporate venture capital arm of BAT, we combine the distribution of a global corporation – from financial resources to international networks – with the innovation of a start-up. Who we helpAmbitious, passionate and talented entrepreneurs Innovative ESG solutions with the power to drive change Advanced sciences and technologies with the potential to impact society How we helpGlobal reach: Global distribution and marketing with the financial backing of BAT in more than 80 countries with over 11 million points of sale. Industry support: Portfolio support from industry experts together with legal expertise and regulatory insights. Growth-hacking: Accelerated growth programmes via our bespoke and powerful Labs for specialist categories.

We're in the business of making a difference. One Better Ventures works with exceptional entrepreneurs to unlock potential and build an inspired community to do well and good. We partner with distinctive consumer brands that aim to have a positive impact on the world. We advise and invest in companies who are entering a rapid growth phase. Our track record includes building businesses like Burt’s Bees and Seventh Generation, and leading them to successful exits. Now we are working with innovative ventures like Leesa Sleep, Filter Easy and Disruptive Enterprises as aligned, principled, and patient investors and operating partners. We run One Better Ventures with a deep commitment to service and corporate citizenship in our community, and we donate 10% of our profits to charity. Do well. Do good. Do One Better.

Through capital and collaboration, we partner with founders to define the future of commerce. 100-year horizon Long-term progress over short-term gains. We champion companies shaping the next century of commerce. Merchant obsession Centering problem-solving. We build solutions that help with ever-changing merchant and consumer needs. Infinite impact Powering the world’s economies. We help each founder do their life’s work and effect change for people everywhere.

Our approach keeps founders at the heart of everything we do. We areConviction-led: We value independent decision-making and lead all our investments. Long-term partners: We stay fully committed to founders' vision, no matter how long it takes. Sector specialists: We each focus on specific sectors to build a deep, informed point of view that fuels our investment strategy and portfolio support. Transparent: We keep founders in the loop and prioritize honest communication, making us partners they never have to second-guess. Engaged: We believe in staying actively involved through meaningful board participation and functional support. Our journey started like many other startups – in a Bengaluru basement 2016 When we set out to raise our first fund, the Indian VC landscape was shaky at best. Investors were cautious, several foreign VC majors had left the ecosystem, and successful exits were hard to come by. Amidst skepticism about the Indian market, we defiantly believed that the "golden decade" of Indian technology was upon us. We saw an opportunity for VC 2.0 in India – one that was stage-focused, expertise-driven, and committed to prioritizing real growth alongside valuations. Undeterred by a tough fundraising climate, we knocked on 1,200 doors to raise Stellaris’ first fund. These early struggles shaped Stellaris’ culture, allowing us to fully resonate with the fundraising challenges faced by early-stage entrepreneurs. 2017 We launched our first fund of $90 million. From the outset, we established a principle of having specialists on our team, enabling us to tap into deep sector knowledge, spot promising opportunities, and provide tailored support to the companies we backed. Out of our 19 investments in our first fund, 9 surpassed a valuation of $100 million, with several others on track to achieve this milestone. 2021 We closed our second fund of $225M and backed 25 companies, many of which are poised to become the leaders of tomorrow. We also had our first significant exit in the portfolio when 6Sense, a US SaaS company, acquired Slintel, in which Stellaris was the first institutional investor. 2023 Our portfolio company, Mamaearth, which we backed at the Series A stage in 2018, successfully completed its IPO. 2024 We launched our third fund of $300M and are now managing over $600M in assets. We're ready to support the next wave of innovative businesses with the same grit and determination that brought us here.