Brookfield Eyes Tripling India Assets To $100 Bn In Five Years

Brookfield Asset Management plans to triple its India investments to $100 billion (around INR 8,52,908 crores) in five years, driven by strong growth and demand in infrastructure and clean energy. The firm has already invested $12 billion (around INR 102,390 crores) each in infrastructure and real estate, and $3 billion (around INR 25,599 crores) in clean energy projects. Brookfield sees India benefiting from global supply chain diversification as companies shift to multiple suppliers. It will focus on transport infrastructure, utilities, renewables, and real estate sectors like offices, retail, logistics, hospitality, and student housing. Brookfield-owned Schloss Bangalore recently announced a $409 million (around INR 3490 crores) public issue. Despite global uncertainties, Brookfield remains committed to long-term investments in India, confident in the country’s growth potential. The firm plans to expand investments across transport infrastructure, utilities, and power generation—particularly renewable energy—as well as various real estate segments including office, retail, logistics, hospitality, and student housing. 

(Source: VC Circle, 23rd May 2025)

Private Equity

BII Invests $100 Mn In ReNew Energy’s Solar Manufacturing Unit

British International Investment (BII) has made its first investment in India’s solar manufacturing sector by committing $100 million (around INR 853 crores) to ReNew Energy’s subsidiary, ReNew Photovoltaics Pvt Ltd, to support the construction of a new 4 GW solar cell facility in Gujarat. This expansion will increase ReNew’s total manufacturing capacity to 6.4 GW each for solar modules and cells, create over 2,000 jobs, and reduce India’s dependence on imports of high-efficiency solar components. 

(Source: VC Circle, 6th May 2025)

Actic Raises $1.7 Bn For Infra Fund, Explores More Opportunities In India

Actis closed its second Long Life Infrastructure Fund with $1.7 billion (around INR 14,505 crores), already investing nearly half, especially in India. The fund acquired a large portfolio of solar assets in India and is pursuing more opportunities in renewable energy and digital infrastructure, driven by the country’s growth. Building on its 2019 fund, Actis attracts global investors seeking steady returns from infrastructure in emerging markets, with India as a key focus due to its energy demand and clean energy goals 

(Source: VC Circle, 14th May 2025)

Quadria Capital Hits Final Close of Third PE Fund At Over $1 Bn, Tops Target

Quadria Capital has closed its third healthcare-focused fund at $1.07 billion (around INR 9128 crores), well above its $800 million (around INR 6824 crores) target, with total commitments expected to reach $1.3 billion (around INR 11,089 crores) including co-investments. This fund is 60% larger than its previous one, making Quadria the largest dedicated healthcare PE firm in South and Southeast Asia. The fund plans to invest in about 10 leading companies, already deploying nearly 40% in firms like Aragen Life Sciences and NephroPlus, with more investments planned in Southeast Asia.

(Source: VC Circle, 27th May 2025)

TPG NewQuest, A91 Partners Bet On CityKart As Investcorp Exists

TPG NewQuest and A91 Partners have invested $63 million (around INR  537 crores) in fashion retailer Citykart’s Series B funding round, leading to the full exit of Bahraini investor Investcorp and a partial exit by India SME Investments. The round included $14.1 (around INR 120 crores) in primary capital and $48.9 (around INR 418 crores) in secondary sales, with Investcorp cashing out around $32.8-$35.1 (around INR 280-300 crores), achieving an estimated 25-27% IRR and a 4x return on investment. Citykart plans to use the funds to expand its footprint category, product range, and increase stores from 137 to 300, aiming for $152.4 million (around INR 1,300 crores) in revenue. (Source: VC Circle, 27th May 2025)

Venture Capital

Salt Oral Care Snags Series-A funding

Salt Oral Care, a Mumbai-based oral wellness startup, has raised $1 million (around INR 8.5 crores) in a pre-Series A funding round from Lotus Holdings, to be executed in two tranches. The round values the company at an average post-money valuation of $5.41 million (around INR 46 crores). Founded in 2023 by Karan Raj Kohli and Viraj Kapur, Salt Oral Care offers toothpaste and mouthwash made with food-grade, toxin-free ingredients. The funds will support product innovation, R&D, branding, marketing, and team expansion.

(Source: VC Circle, 01st May 2025)

Fuze Raises $12.2M Series A Funding

Fuze, a UAE-based digital assets infrastructure provider, has raised $12.2 million (around INR 103 crores) in a Series A round led by Galaxy and UAE telecom giant e&. Founded in 2023 by Arpit Mehta, Srijan R Shetty, and Mo Ali Yusuf, Fuze offers digital assets-as-a-service solutions, enabling businesses and financial institutions to launch regulated digital asset products. The funding will support international expansion, product innovation, compliance, and senior hiring. Fuze operates in the MENA region and Turkey and recently launched stablecoin infrastructure products and entered the payments space.

(Source: VC Circle, 01st May 2025)

Routematic Raises $40M to Boost Corporate Commute Services

Routematic, a Bengaluru-based corporate transport software provider and cab aggregator, has raised $40 million (around INR 338 crores) in a Series C round led by Fullerton Carbon Action Fund and Shift4Good, valuing the company at $117 million (around INR 1,000 crores). Founded in 2013 by Kavitha Ramachandragowda and Sriram Kannan, Routematic offers daily and shift-based commute solutions, serving over 300 corporate clients across 23+ Indian cities. The funding will support fleet expansion to 10,000 vehicles by March 2026, establishment of city-level command centers, and transition of 30% of its fleet to electric vehicles to align with ESG goals.

(Source: VC Circle, 07th May 2025)

Lifechart Raises $360K to Boost Gut Health Brand Guttify

Health-tech startup Lifechart has raised $360,000(around INR 3 crores) in an extended seed round led by Prajay Advisors, the family office of Unichem Labs founders Prakash Mody and Jayendra Shah. The funding will support Guttify, its gut health brand offering saliva-based diagnostic kits and personalized Ayurveda regimens. Targeting urban consumers, Guttify follows a diagnosis-first approach to digestive wellness. This round brings Lifechart’s total funding to over $1 million, following a $500,000 seed round in October 2024.

(Source: VC Circle, 07th May 2025)

Posha Raises $8M to Advance AI-Powered Kitchen Robotics

Kitchen robotics startup Posha, formerly known as Nymble, has raised $8 million (around INR 68 crores) in a Series A round led by Accel, with participation from Xeed Ventures, Waterbridge Ventures, Binny Bansal, Asha Jadeja Motwani, and GreyOrange founders Samay Kohli and Akash Gupta. Founded by Rohin Malhotra and Raghav Gupta, Posha develops AI-powered kitchen robots that cook personalized home meals. The funds will be used to enhance AI capabilities, expand its recipe database, and improve the user interface.

(Source: VC Circle, 07th May 2025)

Mergers & Acquisitions

KPIT Tech To Acquire caresoft Global’s Engineering Solutions Unit For $191 Mn

KPIT Technologies Ltd has agreed to acquire the engineering solutions division of US-based Caresoft Global for up to $191 million (around INR 1,614 crores), gaining full ownership of its units in the US, UK, Mexico, and Italy. The acquisition targets Caresoft’s engineering business in off-highway, truck, and bus segments, while KPIT will continue partnering in benchmarking services. Caresoft’s engineering division generated $51 million (around INR 433 crores) in 2024, with the deal valuing the business at nearly 4x revenue. The $191 million (around INR 1,614 crores) includes $25 million (around INR 212 crores) in milestone payments over four years, funded mainly through KPIT’s internal accruals. The deal is expected to improve KPIT’s operating margins. Avendus Capital advised KPIT on the transaction.

(Source: VC Circle, 06th May 2025)

Marriott Makes First Direct Investment in India with Stake in Concept Hospitality

Marriott International has made its first direct investment in India, acquiring a 15% stake in Concept Hospitality for $15 million (around INR 127 crores), valuing the hotel operator at $100 million(around INR 850 crores) Concept manages over 120 properties under the Fern, Zinc, and Beacon brands and is majority-owned by CG Corp Global.The two firms will also co-develop a wellness resort in the Philippines under Marriott’s Autograph Collection, launching in Q3 2025, with plans to expand the concept to India.The deal comes amid growing investor interest in Indian hospitality, with 25 hotel deals and 42,000 new keys recorded in 2024, per JLL.

(Source: VC Circle, 06th May 2025)

Waaree Energies To Acquire Transformer Manufacturer For $34 Mn

Waaree Energies Ltd, a leading solar module manufacturer listed last year, has agreed to acquire Kamath Transformers Pvt Ltd for $34 million (around INR 290 crores) in cash, with the deal expected to close this financial year. Kamath Transformers, founded in 1996, reported standalone revenue of $14.35 million (around INR 122.68 crores) and a net profit of $ 1.8 (around INR 15.65 crores) in FY24, recovering from losses the previous year. Waaree, established in 1990, has a total installed capacity of 13.3 GW for solar modules and 5.4 GW for solar cells, with five manufacturing plants in India and an international presence. 

(Source: VC Circle, 20th May 2025)

Bajaj Auto To Take Control Of KTM With $906 Mn Debt Deal

Bajaj Auto plans to take control of Austrian motorcycle maker KTM AG through an €800 million ($906 million) (around INR 7812 crores) debt restructuring aimed at reviving the company. Bajaj, a minority investor since 2007, has already invested €200 million (around INR 1953 crores) and will inject an additional €600 million (around INR 5859 crores) to settle creditor claims and restart operations. The move will give Bajaj control of its unit Pierer Bajaj AG and, indirectly, KTM’s parent company, Pierer Mobility AG.

(Source: VC Circle, 22nd May 2025)

South Korea’s CJ Logistics Increases Stake In Indian Arm With $32-Mn Investment 

South Korea’s largest logistics firm, CJ Logistics Corporation, has increased its stake in its Indian subsidiary CJ Darcl Logistics Ltd by investing $32 million (around INR 273 crores), raising its ownership from 50% to 56%. The capital infusion will support CJ Darcl’s expansion across India in multimodal logistics, warehousing, digital supply chains, and alternative fuel platforms. Operating nearly 200 branches with over 5,000 employees, CJ Darcl reported a net revenue of $538 million (around INR 4,594 crores) and net profit of $9.7 million (around INR 83 crores) in FY24. The company filed for a Rs 340-crore IPO with SEBI in September 2023.

(Source: VC Circle, 26th May 2025)

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