Participated · Equity · Jun 2026

Caliber Mining and Logistics provides mining support services focused on tasks such as coal extraction, overburden removal and logistics. Its operations are concentrated in Maharashtra, Chhattisgarh and Madhya Pradesh. The company primarily serves subsidiaries of Coal India, notably Western Coalfields and Northern Coalfields, creating client concentration risk tied to state-run contracts. Caliber is capital-intensive, operating heavy machinery with significant maintenance and operating costs, and it plans to purchase additional machinery with IPO proceeds. The company raised ₹100 crore in a pre-IPO at ₹424 per share valuing it at about ₹2,772 crore and is preparing a ₹600 crore IPO (₹500 crore fresh issue and ₹100 crore offer-for-sale) after receiving SEBI approval in May 2025. Its financial position and growth prospects will be sensitive to debt reduction outcomes, commodity price cycles and regulatory developments in the mining sector.

Participated · Equity · Mar 2026

Nxtra operates one of India’s largest data center networks with around 300 MW of capacity across 14 core data centers and over 120 edge sites. The company offers colocation, cloud infrastructure, disaster recovery and edge computing services and is positioning itself as an AI-driven infrastructure provider using AI for predictive maintenance, energy efficiency and automated operations. Nxtra plans to scale capacity to 1 GW over the next few years and is targeting roughly 25% market share in India’s expanding data center market. It is expanding its pipeline with new AI-ready campuses in cities such as Chennai, Mumbai and Kolkata and pursuing partnerships with global technology companies for large-scale deployments. The company was valued at approximately $3.1 billion post-closing after the announced $1 billion investment led by Alpha Wave Global, Carlyle and Anchorage Capital, with Airtel retaining control.

Participated · Series B · Dec 2025

Founded in 2022 by Naresh Rawal in partnership with BYD, Qucev develops and manufactures a range of electric commercial vehicles, including tractors, trucks, buses and three-wheelers aimed at sustainable, cost-effective mobility. In addition to vehicle manufacturing, the company offers complementary financing, charging infrastructure and fleet-management services to support adoption. Qucev has not yet recorded product sales; for the fiscal year ended March 2025 it generated Rs 2.08 crore from service revenue and posted a loss of Rs 9.35 crore. The September 2025 Series B financing values the company at roughly Rs 538 crore (about $61 million) post-money. Prior to the latest round, Qucev had raised about $4 million from investors including Singularity AMC, Barclays and Maa Creations. The startup positions itself against competitors such as Euler Motors, Altigreen, Mahindra Electric, Piaggio, Kinetic Green and Tata. With fresh capital, Qucev intends to scale its manufacturing capabilities and broaden its ecosystem of supporting services.

Participated · Equity · Sep 2022

Procol offers procurement management software and a connected B2B marketplace to streamline sourcing and purchasing workflows for enterprises via web and mobile apps. Its platform enables creation of sourcing events, vendor discovery and management, and supply‑chain visibility to improve transparency and traceability. The company says its software can help cut procurement costs by up to 10% and aims to solve India’s procurement problems across a $500‑billion market. Procol reports a supplier network of over 25,000 and has managed over Rs 7,500 crore of procurement spends, working with more than 70 large enterprises. Marquee clients include Dalmia Bharat, Havells, Mrs Bectors, Emami, Zetwerk, and Tata BigBasket. The startup plans to use new capital to build and enhance its procurement solutions and expand its B2B marketplace offering.

Led · Equity · Jul 2018

Brat makes scripted dramas and web series for a purely teen audience, publishing shows like Chicken Girls on YouTube. The studio intentionally keeps production costs low—co-founder Rob Fishman says they spend in the hundreds of thousands of dollars per season versus seven-figure-per-episode budgets at large streamers. Brat recruits popular vloggers and places its shows in a shared "high school universe" to cross-pollinate viewership, and has increased episode lengths (season finale reached 22 minutes) as it scales. Chicken Girls reportedly received "10 million views over a half an hour," and season two is underway. Production operates with roughly 20-person crews and aims to achieve Hollywood-style production values at a fraction of traditional costs (Fishman said about 1/100th the cost). The company is positioning itself to capture Gen Z viewing and advertising spend and to become a youth-culture brand.