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 · Series C · Nov 2025

Founded in 2018, Lohum Cleantech focuses on recycling end-of-life batteries to recover critical minerals such as lithium, cobalt and nickel and converting them into feedstocks for new batteries. The company is expanding capacity to serve the growing electric vehicle supply chain and to build local material supply within India. Lohum plans to move beyond basic recycling into production of cathode active materials (NMC) and the recovery of platinum group metals and rare earth magnets. The business recently raised ₹230 crore from Poonawalla Vision Fund-1 and family offices to support these expansion plans. The company’s strategic aim is to reduce dependence on international supply chains, particularly those centered in China, by developing domestic capabilities for advanced battery materials.

Participated · Series B · Oct 2025

Founded in 2016 by Anup Patil, Neil Unadkat, Jayshri Patil, and Aman Singh, Intangles delivers a predictive, real-time operational platform that combines applied physics, AI, and IoT to monitor vehicle health. The system analyzes data from connected vehicles to offer repair strategies and operational recommendations, enabling fleets to shift from reactive maintenance to proactive decision-making. Intangles’ platform currently manages more than 400,000 vehicles across North America, Europe, Southeast Asia, and the Middle East. According to the company, customers can save up to $10,000 per vehicle annually, benefit from improved fuel efficiency, and reduce emissions. Clients include major original equipment manufacturers and large enterprise fleets. With its latest funding, the company plans to scale its technology stack, further strengthen its predictive AI models, expand into additional geographies, and grow its team.

Led · Equity · Apr 2024

Founded in 2015 by CV Rao, Sunil Rohokale, and Monik Koticha, Nivara Home Finance specialises in extending small-ticket housing loans ranging from Rs 5 lakh to Rs 7.5 lakh. The company targets micro-entrepreneurs and salaried individuals who are typically underserved by traditional lenders. Operating through 63 branches spread across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, and Maharashtra, Nivara has built a sizeable presence in South and West India. As of February 2024, the lender managed assets under management (AUM) of Rs 500 crore with a gross non-performing asset (GNPA) ratio of 0.58%, indicating strong portfolio quality. The newly raised capital will be channelled toward accelerating branch expansion and overall growth. By focusing on the affordable housing segment, Nivara aims to deepen financial inclusion while scaling its book prudently.

Led · Series A · Aug 2023

SatSure develops large AI-powered Earth observation models that combine satellite and drone data to produce geospatial intelligence tailored to Indian conditions. The company plans to build reusable intelligence infrastructure that improves accuracy over global models by reflecting local geography, climate dynamics and agricultural diversity. Its datasets and models will cover monsoon patterns, agricultural landscapes and urban expansion, with potential applications across infrastructure, finance and disaster management. SatSure is participating in India's partnership programme to develop a commercial satellite constellation, and the recent ₹246 million grant from the country's space regulator will fund model development and that participation. The funding is grant capital provided as part of a national effort to bolster sovereign AI and geospatial capabilities. The company is based in Bengaluru.