How Foxhog and Tarun Poddar Powering Indian Startups with Strategic FDI Funding
New Delhi. American venture capital firm Foxhog, led by investor Tarun Poddar, is quickly changing the game in the Indian startup scene. By directing Foreign Direct Investment (FDI) into high-potential industries, including aviation, mobility, food, healthcare, and fintech, Foxhog is creating new growth opportunities for Indian entrepreneurs.
Foxhog’s Latest Startup Investments in India
Showing its broad investment strategy, Foxhog recently announced funding for four innovative Indian startups:
Jetconnect Aviation, which is making affordable luxury air travel accessible in India.
Ustart, a new competitor to Ola and Uber that is transforming the app-based cab service industry.
Crrunchy Flavours, which is building a global superfood brand focused on makhana, a healthy snacking option.
Tech Atriocare, the creator of Novicule, a fast-acting solution for fever, cold, and flu relief.
These investments demonstrate Foxhog’s commitment to supporting bold ideas across both emerging and traditional industries.
How Foxhog Is Structuring FDI for Indian Startups
Initially, without an Indian NBFC license, Foxhog creatively set up legal FDI routes to assist Indian startups. This method has enabled the firm to offer essential early-stage funding without regulatory hurdles, helping over 100 startups in India grow faster.
Launch of FINKO – Foxhog’s NBFC Arm in India
In a significant step, Foxhog has officially launched FINKO, its Indian NBFC (Non-Banking Financial Company). FINKO aims to make lending more accessible in India by offering:
Affordable loans for vehicles, gold, and personal needs.
Modern credit products like Buy Now, Pay Later (BNPL).
Digital-first financial inclusion for underserved markets.
This move enhances Foxhog’s presence in the Indian fintech and lending sectors, allowing the firm to serve as more than just a VC. It is now a financial supporter for India’s next billion people.
From Criticism to Credibility: Foxhog Goes Public
Despite facing early doubts and criticism, Foxhog has now become a public company and is preparing to potentially list on the National Stock Exchange (NSE). This achievement highlights the firm’s growth, transparency, and long-term dedication to the Indian market.
Why Foxhog Stands Out in India’s VC Landscape
An aggressive and flexible investment strategy.
FDI-backed funding without typical limitations.
A broad approach with high-impact startups.
A strong commitment to financial inclusion and innovation.
With Tarun Poddar leading the way, Foxhog is rapidly becoming one of the most active international VCs investing in India’s growth story, spanning industries from aviation and healthtech to mobility and consumer food brands.
Source – News18Hindi
