ValueQuest Raises INR 1,500 Cr Fund for Advanced Manufacturing
The firm said the fund will back 8–12 companies with investment cheques ranging from INR 150 crore to INR 400 crore.
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Mumbai-based investment firm ValueQuest Investment Advisors has raised an INR 1,500-crore private equity fund, ValueQuest Tristar, targeting advanced manufacturing sectors including aerospace, defence, and energy transition.
The fund, entirely rupee-denominated, exceeded its initial target and activated an INR 500-crore greenshoe option, with plans to close fundraising within the current calendar year.
The firm said the fund will back 8–12 companies with investment cheques ranging from INR 150 crore to INR 400 crore. It will focus on businesses with proven product-market fit, positive unit economics, and established customer relationships.
The fund has already invested in Rangsons Aerospace, a precision manufacturer serving domestic and global aerospace and defence clients, and Waaree Energy Storage Solutions, which produces lithium-ion cells, battery packs, and energy storage systems for Indian and international markets.
ValueQuest highlighted that this is an opportune moment for investment in advanced manufacturing, as several companies in the sector are also entering the IPO market.
In the defence space, the firm has historically backed public sector undertakings such as Mazagon Dock, Cochin Shipyard, HAL, BEL, and Garden Reach, even before policy incentives gained momentum.
Mumbai-based investment firm ValueQuest Investment Advisors has raised an INR 1,500-crore private equity fund, ValueQuest Tristar, targeting advanced manufacturing sectors including aerospace, defence, and energy transition.
The fund, entirely rupee-denominated, exceeded its initial target and activated an INR 500-crore greenshoe option, with plans to close fundraising within the current calendar year.
The firm said the fund will back 8–12 companies with investment cheques ranging from INR 150 crore to INR 400 crore. It will focus on businesses with proven product-market fit, positive unit economics, and established customer relationships.
The fund has already invested in Rangsons Aerospace, a precision manufacturer serving domestic and global aerospace and defence clients, and Waaree Energy Storage Solutions, which produces lithium-ion cells, battery packs, and energy storage systems for Indian and international markets.
ValueQuest highlighted that this is an opportune moment for investment in advanced manufacturing, as several companies in the sector are also entering the IPO market.
In the defence space, the firm has historically backed public sector undertakings such as Mazagon Dock, Cochin Shipyard, HAL, BEL, and Garden Reach, even before policy incentives gained momentum.
