Led · Equity · Oct 2024

Updater Services, founded in 1985 and headquartered in Chennai, provides integrated business services across IFM (integrated facilities management), P&S (people and staffing) and PSS/IAM (production support services/industrial asset management). The company serves more than 700 clients across industries including IT/ITeS, BFSI and e-commerce, with a particularly strong presence in South India and is ranked among the top five IFM providers in the country. Management has stated the MOPE partnership will help expand operations, deepen client relationships and further strengthen its position as a leading IBS provider. The firm has received multiple industry accolades, including a recent "Best Engineering service provider of the year" award at the GMR–IGI airport awards. In February 2017 Updater secured a INR 1,000 million private equity commitment for a minority stake, marking its third round of private equity investment.

Participated · Series D · Mar 2024

KreditBee was reported by Moneycontrol to have raised $280 million in a funding round that propelled it into unicorn status. The article identifies the company as a fintech but does not provide additional operational or product details. No revenue, user metrics, or other performance data were mentioned in the coverage. The report did not include the company's founding year or headquarters location. Future plans or stated use of the new capital were not detailed in the article.

Led · Equity · May 2022

Founded in 2006 by the Gulechha family, Kushal’s designs and retails fashion and silver jewellery for weddings, festivals, occasions and everyday wear. The company sells through 75+ stores across 25+ cities in India and via online channels. Kushal’s positions itself as a premium, on-trend fashion jewellery brand targeting aspirational consumers. The recent funding will be used to invest in brand building, technology, people and retail expansion. The round also facilitated a secondary buyout that provided a partial exit to an earlier institutional investor. The company is preparing for accelerated growth with Lighthouse as a strategic partner. Kushal’s Retail is a Bengaluru-based omni-channel fashion jewellery retailer that sells non-precious ethnic jewellery and fashion accessories under the Kushal’s brand. The Gulecha-family-owned company operates 43 exclusive brand outlets in shopping malls and high streets across southern India and runs an asset-light model. It competes in the direct-to-consumer jewellery space with players such as GIVA and Melorra. The company says the funds will be used to expand store presence, strengthen the online channel, invest in the brand and build a robust organization. India SME Investments was an earlier backer, having first invested in 2019, and the current transaction is said to have valued the company multiple times compared to that round. Motilal Oswal Private Equity committed Rs85 crore (~$11 million) in this round, while India SME Investments also infused additional, unspecified capital.

Led · Equity · Oct 2016

Founded in 1936, Ganesh Consumer Products Ltd focuses on packaged staples, spices, ethnic snacks and other emerging food categories for the eastern Indian market. Its portfolio spans 42 SKUs distributed through more than 70,000 retail outlets, modern trade stores and e-commerce platforms. Production is carried out across seven manufacturing facilities located in West Bengal, Uttar Pradesh and Telangana. The company plans to expand capacity by setting up a roasted gram flour and gram flour plant in Darjeeling. Proceeds from its upcoming IPO will also be used to reduce outstanding debt. Management is positioning the business for scale by combining brand heritage with wider distribution and new product introductions. No revenue or profitability figures were disclosed in the article.

Led · Equity · Jun 2014

Glass Wall Systems manufactures, supplies and installs architectural glass façade systems for commercial and residential projects. The company was started around 12 years ago by Jawahar Hemrajani and Kamlesh Chaudhari. It has undertaken marquee projects including Mukesh Ambani's residence The Antilia and The Capital in Bandra Kurla Complex. Motilal Oswal Private Equity invested Rs 75 crore (about $12.5 million) for a significant minority stake. The funding will be used to set up a fabrication‑cum‑processing facility for facades in Mumbai, which the company says will almost quadruple its existing manufacturing capacity. Motilal Oswal PE invested jointly from its India Business Excellence Fund II and India Business Excellence Fund IIA. The deal is the PE firm's first new deal this year and the third from the fund after backing Magicrete and Intec Capital last year, per VCCEdge.