Singularity Growth Opportunities Fund II Invests in 5 Companies

Singularity Growth Fund II which did its first close in Sept 23 has announced investments in 5 companies 

Singularity Growth, an operator-investor-led growth PE platform has announced 5 investments of ~ INR 400 Crore in 5 companies and committed investments in 1 company.

The investments are from the recently launched INR 1500+500 crore Singularity Growth Opportunities Fund II. The Fund is strategically designed to capitalize on emerging growth opportunities across Energy transition, Consumer, Financial Services, Enterprise Software, and Manufacturing nurturing high-growth companies.

The investments committed are:

1. Lohum – Leading producer of sustainable battery raw materials through recycling and refining 
2. Akshayakalpa – Organic milk & Milk products Company
3. Classic Legend – Fast growing Premium bikes company with brands Jawa and Yezdi
4. Qucev – OEM developing Electric Commercial Vehicles 
5. Edville DC – leading Data Centre EPC player in India, Middle East and Africa. 

These investments highlight Singularity’s strong proprietary deal flow. All the deals were sourced internally through the thesis work done by the team.

Singularity’s fund allocation strategy involves deploying up to 40-50% of the corpus in growth stage, upto 20-30% in the Late-stage and upto 20% in Early growth stage companies. This portfolio construct is designed to solve for faster DPI and return of capital from the 5th year onwards. The fund will drawdown capital committed over a 2.5-3-year period. 

Singularity Growth Opportunities Fund II has thematic growth equity investment approach and invests in capital-efficient companies in sunrise/high growth sectors such as Energy Transition, Consumer, Financial Services, Enterprise Software, and differentiated Manufacturing. Singularity aims to invest in 16-18 companies with amounts ranging from INR 75 crore to INR 200 crore.

Yash Kela, Founder and Chief Investment Officer, of Singularity, said “We are excited to partner with these companies in their growth journey. Each of these investments aligns closely with our investment outlook, where we aim to leverage our expertise to support their growth trajectories. Portfolio strategy helps us deliver the fund back in a shorter time frame and optimize our capabilities.”

In Sept 2023, Singularity concluded the first close of the INR 1,500+500 crore fund focused on growth to late-stage companies at INR 500 crore. Singularity Growth Opportunities Fund II has received strong interest from institutions & Large LPs across domains like Tech, Infra, Real Estate, Specialty chemicals, media etc.