Participated · Series C · Aug 2026

River designs and sells electric two-wheelers, with its core model the River Indie priced between ₹1 lakh and ₹1.5 lakh. The company delivered about 3,000 EVs monthly in the last fiscal year and ranked seventh among manufacturers in April. River has experienced rapid revenue growth—projected FY26 revenue nearing ₹500 crore—but remains loss-making, with reported losses of ₹196 crore in FY25. Its growth plan includes launching at least one new EV model annually beginning fiscal 2027, expanding retail presence from roughly 40 stores to over 350 by March 2028, and building a new manufacturing plant. River has also manufactured the Yamaha EC-06 in Karnataka, indicating potential manufacturing partnerships. The company faces strong competition from established incumbents with deeper service networks and brand recognition, and will require significant capital and operational execution to reach profitability.

Led · Series B · Jun 2026

Exponent Energy develops a proprietary full-stack energy solution that enables 15-minute rapid charging for commercial EVs and offers a 3,000-cycle life warranty using regular lithium-ion cells. The company combines its battery and charger technology with the Exponent OTO mobility platform and Exponent ONE financing and asset-management arm to address energy, vehicles and access to capital. Exponent highlights interoperability across its charging stations, millions of charging sessions and more than three years of field performance as evidence of commercial readiness. It aims to become the preferred energy partner for OEMs and to power millions of commercial vehicles across India. The company plans to use new capital to expand into additional cities and vehicle categories and to strengthen R&D as it scales its energy and asset-management offerings.

Participated · Series A · May 2026

Founded in 2012 and based in Gujarat, Iscon Balaji Foods produces a range of processed frozen potato products and dehydrated items sourced through a large network of farmers. Its products are distributed to quick-service restaurants, retailers and food distributors across India and exported to markets in Asia, the Middle East and Australia. The company works closely with farmers to source potatoes which are then processed into frozen and dehydrated offerings. Iscon Balaji’s growth plans include expanding manufacturing capacity, developing new products and increasing international presence. Its recent financing includes a $215 million Series A led by Advent International and an earlier roughly $70 million raise from 360 ONE Asset this year, indicating strengthened financial backing for expansion.

Participated · Equity · May 2026

UpGrad positions itself as a broad integrated learning and workforce development platform spanning formal education, certification courses, study abroad, placements, enterprise training and global mobility. The company is pursuing expansion through a proposed acquisition of Unacademy, which it says would enable entry into the online test-preparation segment including UPSC, JEE, NEET and GATE. Upon closing the Unacademy deal, UpGrad is expected to receive nearly Rs 900 crore in cash, bringing its total capital pool to around Rs 1,260 crore alongside the recently closed Rs 360 crore internal round. UpGrad plans to use the combined funds to deepen its presence across online and offline learning formats in India and overseas, and to increase investments in AI-led learning products and workforce development initiatives. The company has engaged with the Competition Commission of India by filing a merger application related to the Unacademy acquisition and has been involved in months-long negotiations over the transaction terms.

Participated · Equity · May 2026

Founded in 2012 by Pankaj Garg and Saurav Adlakha and based in Gurugram, DailyObjects designs and sells lifestyle and consumer tech accessories such as phone cases, laptop sleeves and smartwatch accessories. The company generates the majority of sales through its website but operates physical retail and has tie-ups with Apple resellers to sell products in their stores. Management plans a major omnichannel push, targeting more than 100 new physical outlets across India over the next three to four years. It is also evaluating expansion into international markets including West Asia and Southeast Asia. DailyObjects reported roughly Rs 200–220 crore in revenue in fiscal 2026 and is tracking an annualized revenue run rate of about Rs 300 crore. The company is backed by investors including 360 One Asset Management and is in talks to raise Rs 300 crore led by Xponentia Capital at a reported Rs 1,000 crore valuation.