The Venture Codex

Led · Equity · Feb 2026

Founded in 2022 as part of the Chiripal Group, GREW Solar manufactures M10 TOPCon PV modules and is building a fully integrated solar manufacturing ecosystem in India. The company began with 1.2 GW of module capacity at its Dudu, Rajasthan facility and has already expanded to 3 GW of operational capacity, targeting 11 GW at the same site. It is simultaneously enlarging its solar-cell plant in Narmadapuram, Madhya Pradesh from 3 GW to 8 GW by the end of 2026. GREW Solar operates an in-house AI-powered R&D laboratory to support product innovation and efficiency gains. Management positions the firm as a key contributor to India’s renewable-energy and “Make in India” goals by offering domestically produced, high-quality solar components. The latest capital injection will finance ongoing operations and aggressive capacity expansion. Although revenue or customer metrics were not disclosed, the company emphasizes scale-up to meet both domestic demand and export opportunities.

Participated · Equity · Jul 2021

Lenskart operates as a multi-category eyewear retailer, offering prescription eyeglasses, sunglasses and contact lenses under its own brand. The company caters to customers looking for affordable and stylish vision-care products. In preparation for its public listing, Lenskart has set an IPO price band of ₹382–₹402 per share. Ahead of the IPO, it has already secured significant capital through an anchor allocation, reflecting institutional confidence in the business. While detailed revenue or user metrics were not disclosed, the sizable anchor book suggests robust market interest and expectations for continued growth. The upcoming IPO will provide additional capital for expansion and operational initiatives once the public issue is completed.