Add-on Transactions in India

Groww
Company
Financial Services
Bengaluru, India
www.groww.in

CER is an Energy-Management-as-a-Service (EMaaS) provider. CER delivers integrated clean energy solutions for enterprises and telecom operators, including the development and management of distributed solar projects and the deployment of energy-efficient power systems for 5G telecommunications infrastructure. CER is based in New Delhi.

ConnectM
Company
Software
Marlborough, Massachusetts
www.connectm.com

S. Amit is a distributor of performance chemicals for the pharmaceutical, agricultural, and CASE markets. S. Amit was established in 1948 and is based in Mumbai, Maharashtra.

Azelis
Company
Distribution
Antwerp, Belgium
www.azelis.com

Vellon Space is a space technology startup pioneering unmanned space laboratory capabilities for the Indian ecosystem. With early collaborations with ISRO, IITs, and leading Indian research institutions, Vellon focuses on advancing biomanufacturing in space and contributing to India’s growing ambitions in space science, including ISRO’s planned Bharatiya Antariksha Station. Vellon Space was founded in 2020 and is based in Bangalore, Karnataka.

Helogen
Company
Life Science
New York, New York
www.helogen.com

Sresta sources, processes and markets a variety of organic food products under the brand name “24 Mantra”, in both domestic and international markets. Its product portfolio includes cereals, pulses, flours, spices and processed products like juices, ready to cook (RTC) products and purees. Sresta was founded in 2004 and is based in Hyderabad, India.

ITC
Company
Consumer Products
Kolkata, India
www.itcportal.com

Peepul Capital
Investor
Growth Capital Firm
Port Louis, Mauritius
www.peepulcapital.com

Mother Sparsh provides natural, gentle care solutions for babies and kids, from lotions and shampoos to baby wash, mosquito repellent, sunscreen, and more. Mother Sparsh was formed in 2016 and is headquartered in Panchkula, Haryana.

ITC
Company
Consumer Products
Kolkata, India
www.itcportal.com

Rehook offers a promotions automation solution, empowering businesses to manage coupons, discounts, gamification, loyalty programs, and referral initiatives. Rehook is based in Bengaluru, India.

CleverTap
Company
Internet Software and Services
San Francisco, California
www.clevertap.com

Zenduty is an end-to-end incident and on-call management solution that provides cross-channel alerts via email, phone, SMS, Slack, and Microsoft Teams to ensure the client is promptly notified during service downtimes. Designed to enhance incident response efficiency, the company offers features such as customizable alerting, on-call scheduling, and seamless integrations with over 150 tools, including Datadog, Jira, and Slack. Zenduty is based in Bengaluru, India.

Xurrent
Company
Information Technology
Santa Barbara, California
www.xurrent.com

R.K. Batra Group began as a transporter of LPG, propane, and propylene under the name "Shree Rama Roadways". Batra has a dominant presence across India and Nepal, operating a fleet of over 950 LPG road tankers and owns two LPG bottling plants. Additionally, R.K. Batra also operates an LPG cylinder manufacturing plant, which after a rigorous assessment has been approved to supply to the U.S market. R.K. Batra Group was founded in 1981 and is based in Noida, Uttar Pradesh.

Rektron Group
Company
Financial Services
Vancouver, British Columbia
www.rektrongroup.com

Mhz Invensys offers its technology to device manufacturers, communication platform providers, backhaul service enablers, and business-specific application providers such as HES (Head-End Systems), MDMS (Meter Data Management Systems), and analytics platforms. Mhz Invensys is based in Bengaluru, India.

ConnectM
Company
Software
Marlborough, Massachusetts
www.connectm.com

O2 Power is a renewable energy platform to develop and execute utility-scale renewable projects across solar, wind, and hybrid with good quality off-takers via both greenfield project development and M&A. O2 Power was founded in 2020 and is based in Gurugram, India.

JSW Energy
Company
Utilities
Mumbai, India
www.jsw.in/energy

EQT
Investor
Private Equity Firm
Stockholm, Sweden
www.eqtgroup.com
Advisors: Allen Overy Shearman Sterling (A&O Shearman) , Barclays Investment Bank

Temasek Holdings
Investor
Sovereign Wealth Fund
Singapore, Singapore
www.temasek.com.sg
Advisors: Allen Overy Shearman Sterling (A&O Shearman) , Barclays Investment Bank

Niveus is a cloud engineering company, specializing in Google Cloud Platform (GCP) services. Niveus was formed in 2013 and is headquartered in Udupi, Karnataka.

NTT DATA
Company
Information Technology
Tokyo, Japan
www.nttdata.com

Floik is a SaaS provider. Floik is a valuable tool for product-led SaaS businesses, reaching over 8,000 users. Floik is headquartered in Bengaluru, Karnataka.

Kovai.co
Company
Software
London, United Kingdom
www.kovai.co

Hi Tech Informatics is a provider of infrastructure management services, offering reliable IT infrastructure solutions. Hi Tech Informatics is based in Bangalore, Karnataka.

Xilligence
Company
Software
Thiruvananthapuram, India
www.xilligence.com

Tree of Life Resorts is a hotel and resort company. The Business offers tranquil escapes from the everyday, embodying the essence of authentic India in destinations including off-beat locations like Dared, Dehradun, Varanasi, Binsar, Kumaon, and Udaipurwati. Tree of Life Resorts & Hotels is located in Gurgaon, Haryana.

Indian Hotels
Company
Leisure
Mumbai, India
www.ihcltata.com

Narayan Powertech designs and manufactures low- and medium-voltage instrument transformers for products focused on the electrical grid, smart grid technology, data centers, and renewable energy systems. Narayan Powertech is based in Vadodara, India.

Standex
Company
Manufacturing
Salem, New Hampshire
www.standex.com
Advisors: Foley Hoag , Lexygen , Guggenheim Securities