Led · Equity · Oct 2025

RMSI Limited is an engineering services firm that delivers specialized solutions to its clients, though the article does not specify particular industry verticals. The company has attracted significant investor interest, culminating in a USD 56 million funding round led by Affirma Capital’s Agastya Capital India Growth Fund in partnership with 360 ONE Asset. This infusion of growth capital positions RMSI to accelerate its next phase of expansion, although specific deployment plans were not disclosed. The successful raise highlights investor confidence in the firm’s engineering capabilities and market opportunity. No figures on revenue, profitability, employee count, or customer numbers were provided in the coverage. Likewise, the company’s founding year and headquarters location were not mentioned. Overall, the new funding underscores RMSI’s potential within the broader technology-enabled engineering services landscape.

Led · Equity · Sep 2022

EPACK Durable Private Limited is an outsourced design manufacturer (ODM) that produces a complete range of room air conditioners—including window and split units, fixed-speed and inverter models—and small home appliances such as induction cooktops, mixer grinders, and water dispensers. The company currently has installed capacity of over 2.4 million room air conditioners (RAC) and two million small home appliance (SHA) units. EDPL plans to expand capacity and pursue backward integration for various components, aiming to increase RAC capacity to 3.6 million units annually by next year. To support growth, EDPL is setting up a greenfield manufacturing facility in Sri City, Andhra Pradesh, expected to be commissioned next year, and is undertaking a brownfield expansion at its Bhiwadi, Rajasthan facility to be commissioned by the end of the current financial year. Company management said the fresh capital will help it serve existing and new customers with a wider range of products. Both CEO Ajay Singhania and Affirma Capital signaled confidence in EDPL’s market position and growth prospects.

Led · Equity · Sep 2022

EPACK Durable (EDPL) manufactures the full range of room air conditioners—including window and split units with fixed-speed and inverter technology—and small household appliances such as induction cooktops, mixer grinders, and water dispensers. The company supplies products to key Indian and multinational brands and reports installed capacity of over 2.4 million RAC units and two million SHA units. EDPL is pursuing capacity expansion and backward integration of multiple components to localize supply and support the Atma Nirbhar Bharat/Make in India agenda. The company targets raising RAC capacity to 3.6 million units per annum by next year and is adding capacity at existing and new locations. EDPL is building a greenfield manufacturing facility in Sri City, Andhra Pradesh, expected to be commissioned next year, and executing a brownfield expansion at Bhiwadi, Rajasthan to be commissioned by the end of the current financial year. Management says new funding will deepen manufacturing and R&D capabilities to capture growing domestic and export demand.

Led · Equity · Sep 2022

Carrot General Insurance, founded in 2019 and based in Seoul, is South Korea's first fully-licensed 100% digital insurance carrier. It offers technology-enabled products including pay-as-you-drive usage-based auto insurance, AI-automated accident registration, sensor-data analytics for premiums, and rapid help dispatch through proprietary systems. The company has grown quickly, outpacing global peers in customer acquisition for its usage-based program and maintains 100+ national and international partnerships. Carrot completed an initial tranche of 175 billion won of a two-part financing and will raise a further 125 billion won in an extended round, bringing new capital of 300 billion won. With the fresh capital Carrot plans to strengthen its market position, accelerate technology development, expand in-house pipelines, and pursue open innovation activities. Management expects faster growth in coming years, aims to reach break-even by 2024 and to go public by 2025.

Led · Equity · Aug 2022

Terapin Studios is a US-headquartered digital content producer. The article reports that Singapore-based private equity firm Affirma Capital has invested $38 million in the company. No details about the investment instrument, valuation, or use of proceeds were provided. The piece does not disclose operating metrics, revenue, user counts, or future product plans. The announcement was presented as a single investment disclosure without mention of other participants or syndicate members. Additional context about Terapin’s business model or financial performance was not included in the article.