India’s private markets heated up this past week, with ₹1,660 Cr raised across 28 deals between April 11 and 17, 2025. While the volume remained steady, the value was concentrated among a handful of large-ticket raises—particularly in energy, electronics, and aerospace.
Let’s unpack the Top 5 deals that powered this week:
1. Goldi Solar Private Limited — ₹600 Cr
- Date: 15 April 2025
- Location: Mumbai
- Investor: Havells India Limited
- What’s Interesting: Havells, a major electrical goods player, doubled down on clean energy by investing in Goldi Solar. This move reflects the growing vertical integration across India’s energy value chain—from grid to rooftop.
2. Jupiter International Limited — ₹500 Cr
- Date: 14 April 2025
- Location: Kolkata
- Investor: ValueQuest Investment Advisors
- What’s Interesting: One of India’s oldest electronics companies, Jupiter is reinventing itself with fresh capital. The fundraise points to a larger investor appetite for legacy firms pivoting to energy-efficient and storage solutions.
🏗️ 3. OfBusiness — ₹100 Cr
- Date: 17 April 2025
- Location: Gurgaon
- Investor: CSVP Fund (Cornerstone)
- What’s Interesting: OfBusiness continues to attract smart capital. With its unique model blending procurement, logistics, and credit for SMEs, it’s no surprise that it’s still a VC favorite even in a cautious market.
🚁 4. Garuda Aerospace — ₹100 Cr (Series B)
- Date: 16 April 2025
- Location: New Delhi
- Investor: Venture Catalysts
- What’s Interesting: India’s drone pioneer is scaling up. With demand booming from agriculture to defense, Garuda’s Series B comes at the perfect time. The investor interest signals confidence in drone-tech as the next wave of deep tech in India.
🛰️ 5. Optimized Electrotech — ₹52 Cr (Series A)
- Date: 14 April 2025
- Location: Ahmedabad
- Investors: 100Unicorns (9Unicorns), Mela Ventures, Blume Ventures, Venture Catalysts, Rajiv Dadlani Group
- What’s Interesting: Specializing in electro-optics for surveillance, Optimized is one of India’s rare defense-tech scaleups. The backing of marquee investors reaffirms the sector’s strategic importance.
📊 Week Summary
- Total Capital Raised: ₹1,660 Cr
- Number of Deals: 28
- Sectors Dominating: Renewable energy, deep tech, electronics, enterprise SaaS
🔍 What This Means
India’s capital ecosystem is maturing. Strategic investments from conglomerates like Havells and financial players like ValueQuest highlight a key shift—not all capital is chasing the newest unicorns. Instead, proven sectors with real-world traction and strategic moats are pulling in serious money.
As India moves toward energy transition, self-reliance in defense tech, and SME digitization, these aren’t just deals—they’re signals to what’s coming.