Madhav Tandan

Senior Partner | Orios Ventures

📍 Mumbai, Maharashtra, India🔄 Updated September 2026💼 19 investments📅 12 years investing🗓 Last invested Jan 2026
VC🌍 IndiaInvested this year
19
Total investments
9
Early stage
6
Mid stage
0
Late stage
12y
Years active

Portfolio

17 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Board Observer
Jul 2025
Grip Invest is a one-stop destination for fixed returns. You can start your investment with just Rs. 1,000 and earn up to 8-12.5% fixed returns. SEBI Registration No.: INZ000312836, NSE Member Code: 90319 Our Offerings Include: - Bonds - SDIs (Securitised Debt Instruments): LoanX, InvoiceX - High Yield FDs The platform is trusted by a community of 6 Lakh+ investors, and has enabled investments worth ₹2,500 Crore (as on Nov25) since our inception in 2020. All opportunities available on Grip Invest are carefully selected by our in-house investment team and also receive credit-rating from independent rating agencies like CRISIL, ICRA, CARE etc. Grip Invest is backed by marquee investors like Venture Highway, Stride Ventures, LC Nueva, Anicut Capital, AdvantEdge, ITI Capital Limited, and Multiply Ventures. Key Milestones: - Listed the first-ever SDI on NSE in October 2022 - Launched 24X7 investing option for Indian debt market via AMO (After Market Order) feature - Launched Indias 1st privately-placed ₹10,000 face value investment-grade bond - Featured in leading publications such as Fortune, Forbes India, Business Standard, CNBC TV18, ET, Business Today, and Inc42 - Launched Sell Anytime to enable flexibility for retail investors - Was awarded the ‘ET NOW Top 100 BFSI Leaders 2025’ - Launched ‘Marketplace’ to enable liquidity for retail investors, where investors can buy bonds that others are selling - Launched SDI at just ₹10,000 under SEBIs new SDI regulations Why Choose Grip Invest: - SEBI-regulated platform - Earn high returns of up to 12.5% - Credit-rated investment instruments - Non-market linked assets - Rigorous due diligence
Seed Investor
Jun 2024
Welcome to Natoe.ai, where we are transforming radiology services with our innovative AI-powered platform. Our system seamlessly connects healthcare providers with expert radiologists, optimizing diagnostic workflows, enhancing patient outcomes, reducing operational costs, and ensuring unparalleled diagnostic accuracy.
Board Observer
Jun 2023
Welcome to INCLUD, where creativity and style meet the world of kids fashion! We are a leading kids fashion brand dedicated to bringing joy and imagination to little ones through our trendy and playful clothing collections.
Seed Investor
Apr 2023
🌐 Covvalent: Innovating the $800B Specialty Chemicals Industry Revolutionizing specialty chemicals, Covvalent is a cloud manufacturer committed to relentless innovation and strategic development. 🚀 Innovation at Scale: Targeting at-risk specialty chemicals/raw materials across FMCG, AgroChemicals, Paints, Inks & Coatings, and pharmaceuticals, we establish alternative sources for seamless supply continuity. 🔬 R&D Excellence: Our in-house Research and Development powerhouse cultivates equivalent products, reducing reliance on single sources and setting new benchmarks for quality and performance. 🤝 Expert-Led Team: Led by ex-consultants, engineering leads, and seasoned operators from Harvard Business School, IIT, and IIM, our 50+ years of cumulative experience chart the course for success. 💼 Strategic Backing: Backed by Nexus Venture Partner and influential angels in the B2B and specialty chemicals space, Covvalent is committed to industry evolution. 🌐 Global Presence: Headquartered in the US with five offices across the US and India, Covvalent ensures a global impact, connecting seamlessly with partners worldwide. Join Covvalent on this journey where innovation meets excellence.
Investor
Jan 2023
Tazapay is a Singapore-based fintech company, designed to redefine the cross-border payment experience. Since its inception in 2021 by industry veterans, Tazapay has raised a successful $16.9 million Series A funding round, with significant investment from prestigious institutions such as Sequoia and the PayPal Alumni Fund. The platform allows businesses to transact with ease in 173+ countries, offering an array of card and local payment options. Its unified interface simplifies the onboarding process, allowing businesses to partner with just one entity, thereby streamlining their payment process. Tazapay continues to drive global business growth by offering a trusted and accessible platform for cross-border e-commerce transactions.
Board Observer
Sep 2022
Flynote is a travel company that offers experiential journeys for everyone. Travel is beyond lengthy itineraries and getting lost in logistics, it is about creating memories that stand the test of time. Be it a long-awaited family vacation, once-in-a-lifetime honeymoon, a bachelorette getaway or even a solo trip, Flynote values your urge to travel and has experience centric vacations for each mood. Visit flynote.com to find out where are you headed next.
Seed Investor
Apr 2022
Spyne is an AI-native automotive retail technology company transforming how dealerships sell, service, and engage customers. Headquartered in the US and India, we empower 3,000+ dealerships and OEMs across the globe with AI-powered digital storefronts, studio-quality car visuals, and autonomous assistants that streamline sales and service workflows. Funded with $25M+ from global investors including Vertex Ventures, Accel, Storm Ventures, and Alteria Capital, we are shaping the future of automotive retail by building the AI dealership of tomorrow - faster, smarter, and customer-first.
Seed Investor
Sep 2021
ScanPay simplifies payments and job management for home service pros. Collect tap-to-pay payments, create and dispatch jobs, track updates, and send professional invoices. With no subscriptions and a low 2.5% transaction fee, it’s built for field technicians.
Investor
Sep 2021
Insurance and healthcare, on a mission to add 20+ healthy years to life. Founded in 2018, Loop Health is Indias first Health Assurance company that combines health insurance with preventive healthcare to keep your employees and their families healthy, while providing for them when they are sick. That means plans and benefits you understand, tools that save you time and money, and excellent doctors who are there to keep your team healthy before they end up in the hospital. We’re on a mission to bring quality and value back together in healthcare. Join us on our mission here - https://jobs.lever.co/loop-health
Board Member
Apr 2020
Founded in April 2019, Bijak is a B2B agricultural commodities trading marketplace for agriculture suppliers and buyers across India’s Agri value chain. As a leading agriculture trading App, Bijak aims to bridge the information asymmetry and lack of accountability in agricultural commodity trading. Since Its launch, Bijak has expanded across 28 states, 2000+ regions, and 30,000+ commodities. We currently have a lean team of 350+ and are growing on a rocket trajectory. B2B Agriculture Traders, who control 80% of India’s USD 300 Bn Agri value chain, have limited access to technology, information, and credit. Bijak app helps these customers/MSMEs discover each other along with the counter party’s rating so that customers can transact with minimal friction by accessing Bijak’s layer of trust & reliability. The suppliers and buyers are not just able to transact with or discover each other but are also able to find out meta-data of each other to make faster & reliable transactions through the mobile application. The founding team has been entrepreneurs, investment bankers, and venture capitalists across various organizations in the past - J.P. Morgan, Avendus Capital, Rocket Internet, Asia Innovations Group, Transit Capital, ZS Associates, etc. They have led & run start-ups backed by global funds such as Index Ventures, KPCB, Matrix Partners, etc. Bijak is backed by well renowned global investors, who have invested across unicorns and have taken companies to IPO globally. Bijak has raised ~$33.5 MN (INR 250 Crores) across three rounds from RTP Global, Sequoia Capital, Bertelsmann India, Omidyar Network, Omnivore Partners, Better Capital, Angel List, and Tempo ventures.
Board Member
Feb 2020
GramFactory is a tech platform that helps small retailers streamline their sourcing, monetize their assets better, and gets them access to trade credit. We are an asset-light platform, focused on solving a few hard problems and building scale in an otherwise traditional market.
early stageManufacturing
Board Observer
2019
A fast-growing e-commerce startup, DealShare is a hyperlocal online buying platform for multi-category consumer products focused on the new 'WhatsApp first' India. Our mission is to target the new 500Mn users from non-metro cities and rural market spaces who haven't shopped enough online and are uncomfortable on other platforms. These users are primarily on mobile & social media. DealShare makes it extremely easy for these users to buy in a couple of clicks, supported by vernacular browsing. Further, it allows the users to share deals with their friends and avail discounts if their friends purchase the products via the share link. It is a new retail model in which customers get products at cheaper than wholesale rates. The idea is around demand aggregation (C2B) of mass-market products using social virality, thereby significantly reducing operational costs. Our product catalogue includes fruits & vegetables, grocery items, beauty & wellness, baby care, pet care, fashion accessories, electronics, home décor etc. We've made quite the impression by being one of India's quickest entrants to the Unicorn club. Setting king-sized goals, we are all set to expand to 200 cities across 20 states, welcoming 50 million new customers! We're also aiming at achieving a $3 Bn annual revenue run rate in 12 months. Currently valued at $1.63 Bn, we are gearing up to explore International markets. Come, build for Bharat, and challenge yourself in the process. Learn new skills, hone existing ones and grow with the company. See career opportunities at https://www.dealshare.in/careers#about_us
Seed Investor
Apr 2016
Have you opened an account with HDFC Bank? Or created a fantasy team on Dream11? Youve ordered from Amazon or Zomato, for sure, right? If yes, then your life has been touched by IDfy. In 2023, IDfy’s fast growth has been recognized by the Deloitte Technology Fast 50 list as well as the Forbes Asia 100 Watchlist. As an Integrated Identity Platform, we help enterprises eliminate fraud and establish trust using tech-powered products and solutions for KYC, KYB, Background Verification, Risk Mitigation, Digital Onboarding and Digital Privacy. IDfy is a pioneer in the industry. With 12+ years of experience and 2 million daily verifications, we are known for our robust, enterprise-grade technology that powers a range of offerings such as: - A suite of 150+ APIs for document verification, merchant onboarding, risk assessment, and more - A Video Solutions platform that helps you onboard users anytime, anywhere, with 90% conversions and 100% compliance. - RiskAI - a tool for business due diligence that helps mitigate identity, reputation, operational, and credit risks. - IDfy360, a no-code platform, that helps businesses launch customized onboarding workflows within minutes. - A SaaS-based employee Background Verification (BGV) solution with the shortest TAT and highest accuracy in the industry. - CrimeCheck, a legal history checking solution that scans over 25 crore+ court, FIR and tribunal cases across India, enabling you to make more informed financial credit decisions
Board Observer
2016
Scripbox is Indias leading digital wealth manager, managing over 18,000 Crores in AUM, with customers across 2500+ cities in India. Founded in 2012, Scripbox understands the needs of customers in the context of their life and wealth stages, and provides customised investment solutions to help them meet their financial goals. It uses data, technology, and proprietary algorithms to deliver a full stack of wealth management solutions ranging from mutual funds, Indian and International equities, and insurance to holistic portfolio construction and financial advisory. Scripbox is led by Atul Shinghal (Founder and CEO), and Sanjiv Singhal (Founder and Chief Operating Officer). It has been recognised as the 2nd most influential financial services brand globally by LinkedIn and has received the Financial Express’ Best Bank Award.
Board Observer
2015
A Made-in-India and Made-for-India product company, RailYatri was conceived as a data-driven “intelligent” and consumer-centric travel platform. RailYatri is the fastest growing consumer-brand and innovator in the intercity transportation domain. We are growing 15-20% month-on-month across Train Ticketing, recently launched IntrCity Smart Buses and Transit Food business verticals. We have emerged as the leading intercity transportation platform for travelers in India. We are now hiring to scale new heights across business verticals and functions. We welcome innovators and performers to join a team of fun, talented, and dedicated people looking to improve the intercity travel experience of millions of people in India. At RailYatri, our mission is to simplify travel for people in India. We believe that intelligence will define the next generation of travel platforms, and we want to continue to build smarter products for our travelers. Our category didn’t exist before we arrived and we are not done yet. That is to impact the lives of millions of travelers on a daily basis and become the most preferred travel platform for all long distance travelers. We have a work environment where everyone is excited to be in every day, so that we can build amazing things together and spend time with people we really like. Along with opportunities to learn, grow, contribute and develop, also be a part of the team that values diversity of experiences, perspectives and backgrounds. Over 20 million users served and counting, RailYatri is a rapidly growing travel platform. We are always looking for motivated and passionate people to join us to help us get to the next level. Or, why not create your own role, for there’s never a restriction to your potential if you are up for it! So, join us in building smarter products that people trust and love!
Show all 17 investments ↓
Experience · 22 entries
All (22)
Investments (19)
Board (10)
2026
Investor
Jan 2026
FarMart is an AI-native platform powering commerce and finance across the AgriFood and Energy value chains. We build AI agentic commerce workflows that connect farms & processors with businesses across the globe.
2025
Board Observer
Jul 2025
Grip Invest is a one-stop destination for fixed returns. You can start your investment with just Rs. 1,000 and earn up to 8-12.5% fixed returns. SEBI Registration No.: INZ000312836, NSE Member Code: 90319 Our Offerings Include: - Bonds - SDIs (Securitised Debt Instruments): LoanX, InvoiceX - High Yield FDs The platform is trusted by a community of 6 Lakh+ investors, and has enabled investments worth ₹2,500 Crore (as on Nov25) since our inception in 2020. All opportunities available on Grip Invest are carefully selected by our in-house investment team and also receive credit-rating from independent rating agencies like CRISIL, ICRA, CARE etc. Grip Invest is backed by marquee investors like Venture Highway, Stride Ventures, LC Nueva, Anicut Capital, AdvantEdge, ITI Capital Limited, and Multiply Ventures. Key Milestones: - Listed the first-ever SDI on NSE in October 2022 - Launched 24X7 investing option for Indian debt market via AMO (After Market Order) feature - Launched Indias 1st privately-placed ₹10,000 face value investment-grade bond - Featured in leading publications such as Fortune, Forbes India, Business Standard, CNBC TV18, ET, Business Today, and Inc42 - Launched Sell Anytime to enable flexibility for retail investors - Was awarded the ‘ET NOW Top 100 BFSI Leaders 2025’ - Launched ‘Marketplace’ to enable liquidity for retail investors, where investors can buy bonds that others are selling - Launched SDI at just ₹10,000 under SEBIs new SDI regulations Why Choose Grip Invest: - SEBI-regulated platform - Earn high returns of up to 12.5% - Credit-rated investment instruments - Non-market linked assets - Rigorous due diligence
2024
Senior Partner
Jul 2024
Orios Venture Partners is an Indian technology venture fund. Our portfolio includes Pharmeasy, Country Delight, WeRize, Battrey Smart, Next Wave, Zupee and many other path-breaking, fast-growing companies Orios works closely with invested companies, especially in marketing and branding, to help them breakout cost effectively and build a loyal tribe of users. Orios is actively investing in 2021. We love passionate founders and team members, if you have a startup idea or would like to join us, please email us on hello@oriosvp.com
Seed Investor
Jun 2024
Welcome to Natoe.ai, where we are transforming radiology services with our innovative AI-powered platform. Our system seamlessly connects healthcare providers with expert radiologists, optimizing diagnostic workflows, enhancing patient outcomes, reducing operational costs, and ensuring unparalleled diagnostic accuracy.
2023
Board Observer
Jun 2023
Welcome to INCLUD, where creativity and style meet the world of kids fashion! We are a leading kids fashion brand dedicated to bringing joy and imagination to little ones through our trendy and playful clothing collections.
Show all 22 entries ↓
Investment activity
2014–2026 · 19 investments
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