Playbook Partners
2502, One Lodha Place, Lower Parel, Mumbai, Maharashtra, 400013, India
Overview
Playbook Partners is an Operator-Driven Growth Capital (GC) firm focused on Digital India. The organization invests in growth-stage, technology-enabled enterprises that have established favorable unit economics and are steadily rising to market leadership.
- Total investments
- 4
- Lead investments
- 3
- Investments · 12mo
- 3
- Active investors
- 2
Investment portfolio
- Skyroot Aerospace
Participated · Series C · May 2026
Skyroot Aerospace is a privately held Indian spacetech company that was valued at $1.1 billion following a nearly $60 million funding round. The financing elevated Skyroot to the status of India's first private spacetech unicorn. Public reporting around the raise focuses on the milestone and valuation. The articles do not provide detailed operating metrics such as revenue, users, or past financing history. Additional product, operational, or financial details were not included in the cited coverage.
- Kaar Technologies
Led · Series B · Mar 2026
Founded in 2005, Kaar Technologies began by implementing SAP enterprise software and has since evolved into a global SAP-focused digital transformation partner. The company operates in more than 15 countries, serves large energy, manufacturing and infrastructure clients—especially in the Middle East—and employs over 3,500 people. Management reports that the firm has surpassed an annual recurring revenue run-rate of ₹1,000 crore, achieving roughly 44% CAGR over the past five years. For FY25 it generated ₹718 crore in operating income, a 57% increase year-on-year, and returned to profitability with ₹7.6 crore in net income; H1 FY26 revenue reached ₹441 crore (+43% YoY) with about ₹13 crore in profit. KaarTech intends to channel new capital into bolstering its artificial intelligence, data and industry-specific innovation capabilities. The company also plans strategic acquisitions to deepen its data engineering and analytics expertise, enabling richer AI-powered insights for enterprise customers. Its strategy has produced a 4× rise in enterprise value since its Series A, reflecting robust customer and stakeholder confidence.
- Subway India
Led · Equity · Feb 2026
Subway India runs the local operations of the global Subway brand, offering made-to-order sandwiches that emphasize customization. To boost speed and clarity, the chain is simplifying its format with "hotseller" subs and a "Point and Order" menu that tackles consumer perceptions of cold sandwiches and reduces operational complexity. The company already has more than 1,000 outlets nationwide and competes directly with heavyweights such as McDonald’s, KFC and Domino’s in a fast-growing QSR market projected to exceed $30 billion by 2026. Majority control (65–70 %) rests with Everstone Group via its Culinary Brands subsidiary, while Norwest Venture Partners is an earlier financial backer. The latest funding pegs Subway India’s valuation at ₹2,600–2,800 crore, indicating investor confidence similar to publicly listed QSR peers. Management and shareholders are reportedly weighing an eventual IPO to unlock further capital and provide exits. The fresh funding is expected to accelerate outlet expansion, bolster digital ordering—which already drives a large share of industry transactions—and improve unit economics amid rising costs for rent and ingredients.
- Renee Cosmetics
Led · Series C · Aug 2025
RENEE Cosmetics develops and sells cosmetic and beauty products, aiming to capture Indian and international consumers through both online and offline channels. The company reported an annual revenue run rate of ₹500 crore and plans to double this to ₹1,000 crore within two years. Management attributes its nearly three-fold growth over the last 18 months to strong consumer adoption, innovation-led product launches, and expansion across retail outlets. RENEE’s products are currently available in 15,000 physical stores, and the brand is testing international demand with a beta online presence in the US, UAE, and Australia. Fresh capital will be directed toward broadening the product portfolio, scaling omnichannel distribution in Tier 1 and Tier 2 Indian cities, and investing in technology and brand-building. The company also plans to strengthen its offline distribution engine to accelerate the next phase of growth.