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PE fund ValueQuest raises Rs 1,500 Cr from domestic LPs

EntrackrEntrackr · 7d ago
PE fund ValueQuest raises Rs 1,500 Cr from domestic LPs
Medial

ValueQuest Investment Advisors has raised a Rs 1,500-crore private equity (PE) fund focused on advanced manufacturing sectors such as aerospace, defence, and energy transition. ValueQuest Tristar, a 100% rupee-denominated fund, has surpassed its target size of Rs 1,500 crore and activated a greenshoe option of Rs 500 crore. The fund aims to close the fundraising within the current calendar year. According to the Mumbai-based firm, the fund plans to back 8–12 companies with cheque sizes ranging from Rs 150 crore to Rs 400 crore and expects to complete capital deployment within 18–24 months. It will focus on businesses with proven product-market fit, positive unit economics, and established customer relationships. ValueQuest said this is the right time to deploy capital in advanced manufacturing sectors, noting that several companies in the space are also tapping the IPO market. The fund has already invested in Rangsons Aerospace, a precision manufacturing company serving marquee domestic and global aerospace and defence clients. It has also backed Waaree Energy Storage Solutions, which manufactures lithium-ion cells, battery packs, and energy storage systems for Indian and international markets. In defence investing, the fund has been an early investor in defence public sector undertakings such as Mazagon Dock, Cochin Shipyard, HAL, BEL, and Garden Reach, even before policy momentum built in favour of the sector.

IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace

EntrackrEntrackr · 7m ago
IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace
Medial

IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace IndiGo Ventures, the corporate venture capital arm of airline company IndiGo, announced the first close of its maiden fund at Rs 450 crore. Launched in August 2024 with regulatory approval from SEBI to raise Rs 600 crore, the fund focuses on investing in early-stage startups driving innovation in aviation and allied sectors. It targets companies at the pre-Series A to Series B stages, emphasizing long-term strategic alignment. With the first close completed, the firm approved an investment in Jeh Aerospace, a company operating in aerospace and defense manufacturing, for an undisclosed amount. This step is part of IndiGo’s innovation agenda, which combines operational expertise with capital to support entrepreneurs addressing challenges in aerospace and related domains. “This investment also strengthens the Indo-U.S. aerospace ties, advances Make-in-India and accelerates innovation, contributing to realising India’s potential to become a global aerospace and aviation hub,” said Pieter Elbers, chief executive officer at IndiGo. Jeh Aerospace will use the investment to scale its digital manufacturing infrastructure, enhance its AI-driven production optimization and supply chain integration platforms, and attract engineering and production talent. Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla, Jeh Aerospace provides manufacturing, engineering, and supply chain management solutions to the global aerospace and defense industry. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured $100 million in long-term contracts with global aerospace companies. In January last year, the Hyderabad-based startup raised $2.75 million in a seed funding round led by General Catalyst, along with participation from angel investors like Pratyush Kumar and Dwarkanath Srinivas.

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