Macquarie Raises Capital For India EV Platform Vertelo

Macquarie Asset Management has raised $405 million (around INR 3,570 crores) for its fleet electrification platform, Vertelo, to accelerate investments in India’s growing EV market. Backed by global investors including the Green Climate Fund, Allianz Global Investors, and Australian Ethical Investment, Vertelo aims to deploy $1.5 billion (around INR 13,223 crores) over the next decade towards charging infrastructure, vehicle leasing, and energy management. The platform, launched in April 2024, marks Macquarie’s largest commitment to Asia’s EV sector and its first blended finance partnership with GCF. It has already partnered with leading OEMs like Tata Motors, Eicher Volvo, and Switch Mobility, aligning with Macquarie’s plan to double its India exposure by 2030. The initiative reflects a strong push to build critical EV infrastructure and promote sustainable mobility solutions. With India emerging as a key EV hub, the platform is positioned to play a pivotal role in driving the country’s energy transition. 

(Source: VC Circle, 22nd August 2025)

 

• Private Equity

 

The Sleep Company Raises Series D Funding

The Sleep Company has raised $54.7 million (around INR 475 crores) in a Series D round led by ChrysCapital, with participation from 360 ONE Asset. Existing investor Fireside Ventures made a partial exit. Founded by Priyanka and Harshil Salot, the comfort-tech brand offers sleep and seating products and has expanded to over 150 offline stores since 2022. The funds will be used for manufacturing expansion, offline retail growth in metro and tier I cities, R&D, new product development, and strengthening core teams across product, tech, and operations.

(Source: VC Circle, 06th August 2025)

ChrysCapital Sweetens Consumer Portfolio With Theobroma Buyout

ChrysCapital has acquired an approximately 85% stake in Theobroma Foods Pvt Ltd, marking its first buyout in the consumer sector. While financial terms were not disclosed, the bakery chain was reportedly valued between $193–$262 million (around INR 1,698 crores and 2,305 crores). Theobroma’s founders will retain a board presence and minority stake. Founded in 2004 by sisters Kainaz Messman Harchandrai and Tina Messman Wykes, Theobroma has grown from a single café in Colaba to a nationwide desserts brand.

(Source: VC Circle, 13th August 2025)

 

Pantomath’s Asset Management Arm Invests $52 Mn In Amnex InfoTech

The Wealth Company Asset Management (formerly Pantomath Capital Management) has invested $52 million (around INR 460 crores) in Ahmedabad-based Amnex Info Technologies through its Bharat Value Fund, marking Amnex’s first institutional funding round. Founded in 2008, Amnex offers proprietary tech platforms across mobility, utilities, mining, logistics, smart cities, and agriculture. The company posted FY24 revenue of $30.3 million (around INR 266 crores) and net profit of $2.9 million (around INR 25 crores), growing at a 75% CAGR over the past three years. BVF, a Category II AIF, has recently backed firms including Haldiram Bhujiawala and Prisma Global.

(Source: VC Circle, 18th August 2025)

 

WestBridge Picks Up Minority Stake In Mutual Fund Arm Of Edelweiss 

WestBridge Capital has invested $51 million (around INR 450 crores) for a 15% stake in Edelweiss Mutual Fund, valuing the business at 57x P/E. The investment aims to unlock value for Edelweiss Financial Services while strengthening the growth path of its MF arm. Nomura advised EFSL on the deal. WestBridge, which manages $7B+ (around INR 61,700 crores) in AUM, continues to expand its BFSI portfolio following recent stake adjustments in Aptus and AU Small Finance Bank. 

(Source: VC Circle, 22nd August 2025)

 

Brookfield Offloads 50% Stake In India Real Estate Asset To 360 ONE

Brookfield Asset Management has sold a 50% stake in Pune’s Bluegrass Business Park to Mumbai-based 360 ONE Asset for $280 million (around INR 2,468 crores). The 6.1-acre mixed-use project in Kalyani Nagar includes 1.9M sq. ft. of office space, with Tower A housing Mastercard’s largest global capability centre. Brookfield will continue to manage and lease the property. The deal highlights 360 ONE Asset’s push into institutionally managed real estate, while Brookfield remains focused on scaling its India investments to $100B (around INR 881,667 crores) over the next five years. 

(Source: VC Circle, 25th August 2025)

 

• Venture Capital

SixSense Raises $8.5M to Expand AI Platform for Semiconductor Manufacturing

SixSense, an AI-powered platform for semiconductor manufacturing, has raised $8.5 million (around INR 75 crores) in a round led by Peak XV’s Surge, with participation from Alpha Intelligence Capital, Febe, and others. Founded by engineers Akanksha Jagwani and Avni Agarwal, the platform transforms raw production data into real-time factory insights to detect defects, enhance yield, and prevent issues in chip fabrication. The funding will support SixSense’s expansion into Malaysia, Taiwan, and the US, partnerships with AI-driven inspection equipment makers, and further R&D investment.

(Source: VC Circle, 01st August 2025)

 

ILine.ai Raises $500K to Scale EV Delivery Platform in Tier II Cities

ILine.ai Solutions, an EV-focused last-mile delivery platform founded by Prakarsh Dwivedi, has raised $500,000 (around INR 4.4 crores) in an angel round led by climate-tech and mobility investors. Launched in April 2025, the platform offers real-time tracking, carbon analytics, and OTP-secured drop-offs. The funding will support expansion into 12 tier II cities, onboard 20,000 EV drivers, enhance AI integration, and establish two regional hubs, with a goal of reaching 30,000 daily orders by Q4 2026.

(Source: VC Circle, 01st August 2025)

 

SuperGaming Raises $15 Mn In Series B Round

SuperGaming, the studio behind Indus Battle Royale, has raised $15 million (around INR 132 crores) in an oversubscribed Series B round led by a16z Speedrun, Bandai Namco 021 Fund, LOUD.GG, and others, with strong Web3 investor participation. The funds will support Indus’ global launch, expansion of its SuperPlatform for game developers, new IP development, and deeper Web3 integration through initiatives like B3 GameChain.

(Source: VC Circle, 06th August 2025)

 

Japanese Firm Backs Fintech Startup Zype In Series B

Fintech startup Zype has raised $10.2 million (around INR 90 crores) in a Series B round led by UNLEASH Capital Partners, with participation from Xponentia Capital. Founded in 2022 by Yogi Sadana, Zype offers a credit-led financial platform for salaried individuals. The company, already profitable, will use the funds to expand its lending and payment solutions, enhance AI-driven operations, and maintain strong risk and governance standards. This follows a $16.6 million (around INR 146 crores) Series A round led by Xponentia in 2022.

(Source: VC Circle, 06th August 2025)

 

Accel, Peak XV Lead Truemeds’ $85 Mn Series C Round

Truemeds, an online pharmacy and telehealth platform focused on chronic care, has raised $85 million (around INR 749 crores) in a Series C round completed in two tranches—led by Accel and Peak XV Partners. Existing investors WestBridge Capital and Info Edge Ventures also participated. The funds will be used to strengthen Truemeds’ national presence by expanding fulfillment centers in high-demand non-metro areas, enhancing engineering and product capabilities, and establishing a new tech hub in Bengaluru.

(Source: VC Circle, 11th August 2025)

 

• Mergers & Acquisitions

Italian Major Guala Closures’ Indian Arm Buys Unit From Oricon Enterprises 

Guala Closures India Pvt Ltd, the Indian arm of Italy’s Guala Closures, has acquired Oricon Enterprises’ metal closure unit in a slump sale for $4.85 million (around INR 42.7 crores). The unit contributed ~21% of Oricon’s business with FY25 revenue of $12.5 million (around INR 110.5 crores). The deal will strengthen Guala’s India presence, where revenues stood at $65.4 million (around INR 576.9 crores) in FY24. Singhi Advisors advised Guala on the transaction. Shares of Oricon Enterprises closed 1.4% higher at ₹54.29 on the BSE. 

(Source: VC Circle, 08th August 2025)

 

Wipro To Buy Harman Connected Services For $375 Mn

Wipro Ltd has agreed to acquire the Digital Transformation Solutions (DTS) unit of Samsung-owned Harman International in a cash deal worth up to $375 million (around INR 577 crores). The acquisition, expected to close by Dec 31, 2025, will see over 5,600 DTS employees across 14 countries transition to Wipro. The move will bolster Wipro’s engineering and digital capabilities, with DTS’ expertise in connected products, software platforms, and digital engineering set to integrate into Wipro’s Engineering Global Business Line. 

(Source: VC Circle, 21st  August 2025)

 

Neo Asset’s Infra Fund Makes Maiden Renewable Acquisition

Neo Asset Management’s Neo Infra Income Opportunities Fund (NIIOF) has made its first renewable energy acquisition, buying SolarArise India Projects Pvt Ltd for an enterprise value of $159 million (around INR 1,400 crores). SolarArise owns 433.5 MWp of operational solar assets across five states, backed by 25-year PPAs. The acquisition follows NIIOF’s recent $408.4 million (around INR 3,600 crores) deal with HG Infra Engineering for five highway assets. Having closed at $260.9 million (around INR 2,300 crores) in July, the fund aims to deploy 85% of its corpus in road assets and the rest in renewables, targeting 18–20% returns with an InvIT exit by 2030. 

(Source: VC Circle, 25th August 2025)

PVP Ventures To Take Majority Stake In Dialysis Chain 7Med

PVP Ventures Ltd will acquire a majority stake in dialysis services provider 7 Med India Pvt Ltd and its Epitome Group of hospitals. The company will initially purchase 41.23% for $14.4 million (around INR 127 crores) and raise its holding to 76% over time, subject to performance milestones. The move marks PVP’s strategic shift from real estate to healthcare, supported by $226.9 million (around INR 2,000 crores) cash flows expected from monetising legacy assets. 7Med, with 22 dialysis centres and four super-speciality hospitals, is projected to grow EBITDA from $1.14 million (around INR 10 crores) to $5.67 million (around INR 50 crores) in four years with the infusion.

(Source: VC Circle, 28th August 2025)

Samvardhana Motherson To Acquire Japanese Auto Parts Firm From Honda For $184 Mn

Samvardhana Motherson International Ltd (SMIL) will acquire a majority stake in Japan’s Yutaka Giken Co Ltd from Honda Motor for $184 million (around INR 1,622 crores) via its subsidiary, with completion expected by Apr–Jun 2026. The deal strengthens SMIL’s partnership with Honda, expands its Japanese OEM reach, and adds Yutaka’s $2.4 billion (around INR 21,158 crores) FY25 revenue and 13 global plants to its portfolio. SMIL will also fully acquire Yutaka Autoparts India, take 11% in Shinnichi Kogyo, and raise its stake in Youngshin Motherson Auto Tech to 100% for $ 0.74 million (around INR 6.54 crores).

(Source: VC Circle, 29st August, 2025)

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