Participated · Equity · Sep 2025

Pune-based GK Energy is India’s largest pure-play EPC provider for solar-powered agricultural water pump systems, offering farmers an end-to-end solution spanning survey, design, supply, assembly, installation, testing, commissioning and maintenance. The company enables farmers to adopt solar pumps that reduce dependence on grid electricity or diesel, helping cut energy costs and carbon emissions. Its upcoming initial public offering (IPO) will fund long-term working capital needs, with ₹322.5 crore of the fresh issue earmarked for this purpose and the remainder allocated to general corporate uses. GK Energy is positioning itself to capitalise on India’s push for renewable energy in agriculture and the government’s subsidy programmes for solar pumps. Though specific revenue or user figures were not disclosed, the firm’s scale—highlighted by a ₹465 crore IPO—signals meaningful operations. Future growth plans revolve around expanding its EPC footprint and strengthening its balance sheet through the fresh capital infusion. Book-running lead managers for the IPO are IIFL Capital Services and HDFC Bank.

Participated · Debt Financing · Apr 2024

Founded in 2012 by Mainak Chakraborty and Sreekrishna Sankar, GPS Renewables develops, produces, and distributes biofuels and bioenergy infrastructure. The company says it has delivered over 30 projects that are operational or nearing completion and has visibility into more than 200 compressed biogas (CBG) projects being developed with oil marketing companies. GPS Renewables recently secured an EPC contract from NTPC to build India’s first ethanol-to-jet sustainable aviation fuel plant, indicating expansion into higher-value biofuel projects. It has an asset-holding platform called GPSR Arya that has attracted equity investments from a major South Korean conglomerate and prior funding from Sojitz Corporation. The company employs over 800 people and reports annual revenue of around Rs 1,000 crore. Current and recent financings include a $20 million Series B in 2022, $50 million of debt in 2024, and the Rs 635 crore Series C in 2025.

Participated · Equity · Oct 2023

Honasa Consumer operates consumer personal-care brands, with Mamaearth as its flagship skincare and personal-care label. The company is preparing for an IPO scheduled to commence on October 31, targeting USD 204.3 million in proceeds with shares priced in the USD 3.7–3.9 range. Ahead of the listing it raised approximately USD 92 million in an anchor round, with over three dozen asset managers acquiring shares through the anchor book. Participants in the anchor round included large institutional investors such as Abu Dhabi Investment Authority, Fidelity, Norges Bank, Invesco, Goldman Sachs and others; several Indian mutual funds also took part. Those anchor investors collectively subscribed to nearly half of the IPO target. Honasa counts notable backers including Peak XV Partners and Sofina.

Participated · Series B · Apr 2022

Medfin operates a one-stop platform that helps patients connect with surgeons, determine treatment courses, perform cost estimates, and check insurance coverage for surgeries and related diagnostics. Its model covers 250+ day-care surgical procedures across departments from ophthalmology to orthopaedics. The company currently operates in some major cities and aims to broaden its geographic footprint. Medfin plans to use new funding to invest in R&D, technology, processes, and people to enhance its service platform. With these investments the company intends to expand its offering to 25+ cities across India. Previous funding history includes an earlier $4M round.

Led · Debt Financing · Mar 2022

Stanza Living operates a network of managed accommodation facilities that cater primarily to students and young professionals, positioning itself as an organized alternative to traditional paying-guest and rental options. The company provides fully furnished residences, housekeeping, meals, and community events under a branded, asset-light model. Its technology platform oversees demand forecasting, property onboarding, and resident services to drive operational efficiency. While the latest filings do not disclose revenue or occupancy figures, the company continues to attract institutional capital, underscoring investor confidence in its growth trajectory. Stanza Living’s strong backing from marquee investors such as Accel highlights its early traction in the fragmented Indian housing market. The fresh capital is expected to support further expansion of its accommodation portfolio and technology stack. Headquartered in Delhi, the firm has previously raised multiple equity rounds, advancing from seed to Series E within a few years.