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Defence electronics firm CoreEL Technologies raises $30 million from ValueQuest, 360 ONE Asset - The Economic Times

Economic Times

Economic Times · 2m ago

Defence electronics firm CoreEL Technologies raises $30 million from ValueQuest, 360 ONE Asset - The Economic Times

CoreEL Technologies, an aerospace and defense electronics company, secured $30 million in funding led by ValueQuest, alongside existing investor 360 ONE Asset. The funds will enhance manufacturing, R&D, and enable participation in significant defense initiatives. Founded in 1999, CoreEL designs advanced electronic systems for defense applications with clients like the Ministry of Defense and DRDO. The funding follows CoreEL's acquisition of Lekha Wireless' aerospace division, boosting its wireless systems capabilities.

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Aerospace and defence tech firm CoreEL Technologies raises $30 Mn in Series B

Entrackr

Entrackr · 2m ago

Aerospace and defence tech firm CoreEL Technologies raises $30 Mn in Series B

CoreEL Technologies, a provider of advanced electronic system- and sub-system-level products and solutions for the aerospace and defence sector, has raised $30 million in a Series B funding round led by ValueQuest Scale Fund, with participation from existing investor 360 ONE Asset. The funding follows CoreEL’s recent acquisition of the aerospace and defence systems division of Lekha Wireless, which significantly expanded its communication systems portfolio. The acquisition added proven wireless communication technologies, indigenous intellectual property, and specialised engineering talent, further strengthening CoreEL’s capabilities in the MILCOM domain. The proceeds will be channelled towards scaling manufacturing capacity, strengthening research and development, advancing product engineering, and supporting participation in large and complex aerospace and defence programmes in India and overseas, CoreEL Technologies said in a press release. CoreEL designs, develops, and manufactures advanced electronic system- and sub-system-level products for strategic applications across the radar, electronic warfare, avionics, and MILCOM sectors. The company has delivered several critical high-end electronic system-level products and solutions to both strategic and commercial customers. Its customers include DRDO, defence public sector companies, and the Ministry of Defence (MoD). According to the Bengaluru-based company, its products have been deployed in India’s next-generation avionics, radars, missiles, electronic warfare systems, MILCOM, and sonars, among others. The company aims to develop some of the most advanced electronic systems for strategic aerospace and defence programmes.

CoreEL Technologies raises $16 million from 360 One Asset

Economic Times

Economic Times · 2y ago

CoreEL Technologies raises $16 million from 360 One Asset

CoreEL Technologies, an Indian tech firm, has secured $16 million in funding from 360 One Asset Management. The funding will help the company expand its operations and strengthen its position in the market. CoreEL Technologies specializes in providing electronic design and manufacturing solutions for various industries, including aerospace, defense, and healthcare.

Bottomline: CoreEL’s profit halves as revenue growth, margins take a hit

VCCircle

VCCircle · 1y ago

Bottomline: CoreEL’s profit halves as revenue growth, margins take a hit

CoreEL, an electronics design and manufacturing company backed by 360 One Asset Management, reported a decrease in net profit for the fiscal year ending in March 2024. The decline was attributed to lower margins and sluggish revenue growth. CoreEL's net profit fell to Rs 11 crore during this period.

Valuequest, 360 One and Kotak AIF invest in GK Energy's pre-IPO round of Rs 100 crore

Economic Times

Economic Times · 6m ago

Valuequest, 360 One and Kotak AIF invest in GK Energy's pre-IPO round of Rs 100 crore

GK Energy, poised for an IPO, has secured Rs 100 crore from Valuequest, 360 One, and Kotak AIF through a pre-IPO round. The company privately issued 65.35 lakh shares at Rs 153 each, representing 3.7% of its pre-offer equity. Key investors include Valuequest with Rs 35 crore and 360 One with Rs 25 crore. GK Energy specializes in engineering and commissioning of solar-powered agricultural water pump systems under the PM-KUSUM scheme.

A91 Partners, Xponentia, 360 One set for quick multiples from Sedemac Mechatronics IPO - The Economic Times

Economic Times

Economic Times · 14d ago

A91 Partners, Xponentia, 360 One set for quick multiples from Sedemac Mechatronics IPO - The Economic Times

Sedemac Mechatronics' Rs 1,087-crore IPO opens, promising significant returns for A91 Partners, Xponentia, and 360 One Asset Management, who invested in the Pune-based company. A91 Partners, owning 18% stake, is offering a 5% share sale, anticipating a 3.7X return. Xponentia and 360 One, holding investments worth Rs 175 crore and Rs 143 crore respectively, foresee 3.8X and 3.5X returns. The IPO, fully an offer-for-sale, attracts notable anchor investors.

ValueQuest raises Rs 1,500 crore from domestic LPs with eye on advanced manufacturing growth - The Economic Times

Economic Times

Economic Times · 27d ago

ValueQuest raises Rs 1,500 crore from domestic LPs with eye on advanced manufacturing growth - The Economic Times

ValueQuest Investment Advisors has raised Rs 1,500 crore for its private equity fund, focusing on advanced manufacturing sectors such as aerospace, defence, and energy transition. The Mumbai-based fund activated a Rs 500 crore greenshoe option after surpassing its initial target. Aiming to support 8-12 companies, the fund plans investments between Rs 150-400 crore, completed within 18-24 months. It prioritizes established firms with proven market fit and positive economics, avoiding loss-making ventures.

D2C brand Two Brothers Farms raises Rs 110 crore from Rainmatter, others - The Economic Times

Economic Times

Economic Times · 5m ago

Two Brothers Organic Farms, a direct-to-consumer brand, secured Rs 110 crore in funding from 360 One Asset, Rainmatter Investments, and the Narotam Sekhsaria family office. The funds will enhance manufacturing capabilities, global reach, and operational scale. The Pune-based company, which promotes sustainable farming, produces and sells organic products and collaborates with over 5,000 farmers. It aims to expand its presence internationally, with a major revenue share from its website and app sales.

Defence-tech startup Constelli raises $20 Mn led by General Catalyst

Entrackr

Entrackr · 17d ago

Defence-tech startup Constelli raises $20 Mn led by General Catalyst

Defence technology startup Constelli has raised $20 million (approx Rs180 crore) in a funding round led by General Catalyst along with participation from 360 One Asset Management and existing investor Pravega Ventures. The Hyderabad-based company had earlier secured $3 million in a pre-Series A funding round back in January last year led by Pravega Ventures. The proceeds will be deployed towards product research and development focused on next-generation electronic warfare and communication payloads across platforms, including drones, ground systems, naval vessels and satellites, Constelli said in a press release. Co-founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specializes in developing advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems. Constelli leverages modern technologies and advancements in hardware and software, modeling and simulation, and distributed computing to achieve transformation. The company focuses on enhancing technical sophistication and expediting the development lifecycle of payloads for airborne and ground defence platforms. The company's products and services are used globally by organizations developing radar and electronic warfare (EW) systems. It also serves India's Ministry of Defence, the Defence Research and Development Organisation (DRDO), and defence contractors in South Korea, Australia, and Singapore. Constelli plans to set up infrastructure for rapid prototyping and early-stage production to speed up deployment of field-ready systems.

360 ONE Asset crosses halfway mark for healthcare PE fund, eyes final close

VCCircle

VCCircle · 1y ago

360 ONE Asset crosses halfway mark for healthcare PE fund, eyes final close

360 ONE Asset, a subsidiary of 360 One WAM Ltd, has reached the halfway point in the fundraising for its healthcare-focused private equity fund. The firm aims to complete the fundraising by early summer next year. 360 ONE Asset is backed by Bain Capital and is confident in securing the remaining investments for the fund.

D2C brand Home Essentials raises $7.6 million in round led by 360 ONE Asset - The Economic Times

Economic Times

Economic Times · 19d ago

Home Essentials, a direct-to-consumer brand, raised $7.6 million in a funding round led by 360 ONE Asset, with India Quotient participating. Founded in 2024 by Tanishq and Divyam Jain, the company plans to expand its omnichannel presence to 20 stores and enhance its kitchen and home product lineup. Initially an online platform, Home Essentials is now growing its offline presence in tier 1 and 2 cities to establish a nationwide retail footprint.

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