Mahindra Rise

Mahindra Rise is a multifaceted business entity under the Mahindra Group, primarily focused on automotive, farm equipment, and various service sectors. Established in 1945 and headquartered in Mumbai, India, Mahindra & Mahindra Limited, the parent company, manufactures and markets a range of vehicles, including utility and light commercial vehicles, as well as agricultural tractors. The group also engages in logistics, trade, financial services, and information technology. Additionally, Mahindra Water Utilities Limited, a subsidiary established in 1999, specializes in water utility services. In 2010, Mahindra Partners was founded as the group's private equity and venture capital arm, managing over USD 1 billion in assets and investing in diverse sectors such as logistics, healthcare, and renewables, with a presence both in India and Silicon Valley. The company’s comprehensive approach reflects its commitment to innovation and sustainability across various industries.

Parag Shah

Managing Partner

Mitesh Shah

Senior Associate

28 past transactions

TVS Automobile Solutions

Corporate Round in 2020
TVS Automobile Solutions Private Limited, based in Chennai, India, is a provider of comprehensive automotive services. Established in 2009 and formerly known as MyTVS, the company offers a range of car services including engine repairs, clutch and gearbox maintenance, brake services, suspension and steering adjustments, air conditioning repairs, wheel care, and periodic maintenance. Additionally, it provides accident repair, mechanical repair, and cleaning services. The company also extends its offerings to roadside assistance, extended warranties, insurance brokerage, telematics, tools and garage equipment, and commercial vehicle services. As a subsidiary of T V Sundram Iyengar & Sons Private Limited, TVS Automobile Solutions operates a multi-brand car servicing chain, emphasizing a commitment to quality and customer satisfaction in the automotive service industry.

Aquasail

Corporate Round in 2020
Aquasail is a boating company that offers global experiences in sailing in India. Aquasail offers an array of the most delightful experiences on a range of world class boats-fun and learning programs for individuals and families and powerful corporate programs for brand building and employee motivation.

Meru Cabs

Acquisition in 2019
Meru Cabs was one of the first companies to launch metered "Radio cabs" in India under its brand "Meru." First launched in Mumbai in April 2007, Meru Cabs has grown exponentially terms of fleet size and geographical presence. Customers benefit from a relaxed commute in a well equipped, air-conditioned cab, which is readily available 24/7. An e-bill receipt at the end of the ride assures the customer of tamper proof billing. Headquartered in Mumbai, Meru Cab provides a radio taxi service in the five key cities of India - Mumbai, Delhi, Hyderabad, Bengaluru and Jaipur. Meru Cabs delivers a reliable taxi service by concentrating on each touch point with its customers and devising systems, processes or technologies that will deliver a reliable interface. Meru Cabs uses GPS/GPRS enabled technology in all of the cabs to ensure complete passenger safety. The name "Meru" is derived from the symbolic mountain of the gods, an icon of unshakeable reliability and character - a core value which lies at the heart of Meru's promise to its customers.

Cloudleaf

Series B in 2019
Cloudleaf, Inc. is a technology company based in Milpitas, California, specializing in location-aware sensory platforms for industries such as automotive, aerospace, pharmaceuticals, life sciences, and industrial manufacturing. Founded in 2014, the company offers CloudOS, a cloud-based platform that provides centralized visibility and management of sensory and connector devices. Its product line includes the Cloudleaf Sensor, which collects location and asset-level information using Bluetooth Smart technology, the Cloudleaf Zone Sensor for managing entry and exit events in critical workflow areas, and the Cloudleaf Gateway that facilitates communication between sensors and the cloud. Additionally, Cloudleaf provides solutions for supply chain visibility, work-in-progress monitoring, condition monitoring, and preventative maintenance. The company's platform creates a digital twin of the supply chain, processing billions of events per second to deliver real-time insights on location, condition, utilization, and anomaly detection.

Gamaya

Series B in 2019
Gamaya SA specializes in farmland analytics solutions aimed at enhancing the efficiency and sustainability of agricultural practices. Founded in 2015 and based in Lausanne, Switzerland, the company offers a range of tools tailored to specific crops, including SOYFIT for soybean cultivation, CANEFIT for sugarcane, and an Agronomic Intelligence Platform for large-scale tobacco growers. Gamaya's solutions enable early detection of diseases, pests, and weeds, as well as stress diagnostics and growth monitoring, which help optimize fertilization and predict yields. By leveraging advanced mapping and diagnostic technologies, Gamaya supports both large industrial farms and small-holder farmers in making informed decisions that improve production efficiency while minimizing environmental impact.

Centre for Sight

Venture Round in 2019
Centre for Sight Pvt. Ltd. is a prominent provider of comprehensive eye care services in India, established in 1996 and headquartered in New Delhi. The organization specializes in treating a wide range of eye disorders, including cataracts, LASIK surgery, retinal conditions, glaucoma, and corneal issues. Additionally, it offers services in pediatric ophthalmology, oculoplasty, neuro-ophthalmology, ocular oncology, and keratoconus. Centre for Sight also provides facilities for eye banking, contact lenses, low vision aids, and pharmacy services, along with addressing computer vision syndrome. The center emphasizes patient-centric care, ensuring that both basic diagnostic and therapeutic services, as well as complex surgical procedures, are conducted under one roof, reflecting its commitment to personalized treatment for all patients.

Resson

Series C in 2018
Resson Aerospace is a bioinformatics and data analytics company, delivering customized agriculture solutions for large corporate clients. Utilizing recent advances in large-scale cloud-based data processing, swarm robotics, and advanced data analytics, its proprietary Resson Agricultural Management and Analytics System gives the agricultural operator analytical insight and dynamic control over the farm area. Resson Aerospace’s Resson Agricultural Management and Analytics System, data-driven agriculture solution, analyzes crop metrics to assess crop status and health, providing operators with the information required to optimize agricultural operations, improve efficiency, boost yields, and maximize profitability. It is headquartered in Fredericton, N.B.

avaamo

Series A in 2018
Avaamo is a deep-learning software company based in Los Altos, California, specializing in conversational interfaces designed to address specific challenges within enterprises. Established in 2014, Avaamo develops a mobile application that consolidates communications into a single secure interface, available on both Android and iOS platforms. The company focuses on advancing fundamental AI technologies, including neural networks and speech synthesis, to enhance conversational computing capabilities in enterprise environments. Additionally, Avaamo has formed a strategic partnership with Tech Mahindra to further its mission.

Porter

Series C in 2018
Porter is an online logistics marketplace focused on providing economical and efficient intra-city transportation solutions. It serves a diverse clientele, including e-commerce, FMCG, SMEs, traders, and logistics companies, by optimizing last-mile logistics through its dedicated fleet and in-house technology. Businesses can book mini trucks or tempos via Porter's platform, which allows for real-time tracking of their rides. This service addresses inefficiencies in urban logistics and transforms the transportation of goods, enabling numerous businesses to move their products on-demand. Porter's notable clients include major companies such as ITC, Flipkart, Amazon, and Delhivery, highlighting its role in enhancing logistics operations within cities.

CarSense

Corporate Round in 2018
CarSense is a tech company building products to make cars and bikes smarter and connected.

MITRA

Series B in 2018
M.I.T.R.A stands for Machines, Information, Technology, Resources for Agriculture. They develop new machines to serve farmers growing “high value crops” like fruits and vegetables. In 2017, they have launched: Boom sprayer for vegetable and plantation crops, and India’s first fully automated Potato Harvestor Their patented machines combined with our “on-farm” sales and service are creating an unparalleled customer experience. They are building exciting new products for Indian farms and export markets, which will be launched in near future.

Gold Farm

Seed Round in 2017
Gold Farm provides farm equipment booking platform intended to empower the farming community. The company's equipment booking platform provides clean technologies for rural Indian power grid systems and farming equipment, providing farmers with affordable farming resources.

Erkunt Sanayi

Acquisition in 2017
Erkunt Sanayi A.S., established in 1953 and located in Ankara, Turkey, specializes in the production of gray and ductile iron castings. The company has developed a strong reputation in the casting industry and operates as a subsidiary of Mahindra Overseas Investment Company. Its focus on manufacturing high-quality iron castings positions it as a key player in the sector.

Erkunt Traktor Sanayii

Acquisition in 2017
Erkunt Traktor Sanayii is makes iron castings and machined parts for farm, construction.

Cloudleaf

Series A in 2017
Cloudleaf, Inc. is a technology company based in Milpitas, California, specializing in location-aware sensory platforms for industries such as automotive, aerospace, pharmaceuticals, life sciences, and industrial manufacturing. Founded in 2014, the company offers CloudOS, a cloud-based platform that provides centralized visibility and management of sensory and connector devices. Its product line includes the Cloudleaf Sensor, which collects location and asset-level information using Bluetooth Smart technology, the Cloudleaf Zone Sensor for managing entry and exit events in critical workflow areas, and the Cloudleaf Gateway that facilitates communication between sensors and the cloud. Additionally, Cloudleaf provides solutions for supply chain visibility, work-in-progress monitoring, condition monitoring, and preventative maintenance. The company's platform creates a digital twin of the supply chain, processing billions of events per second to deliver real-time insights on location, condition, utilization, and anomaly detection.

Medwell Ventures

Series B in 2017
Medwell Ventures Private Limited provides specialty home healthcare services in India. It focuses on various therapeutic areas. The company offers various wellness and care programs ranging from preventive screening to home healthcare and palliative care. It provides bedside nursing care at home, as well as 24×7 medical services, such as physician consultation, nursing care, laboratory sample collection and reporting, physiotherapy, medical devices, ambulance services, pharmacy support, and related medical services. The company’s integrated healthcare delivery system serves customers across varied age and health profiles. Medwell Ventures Private Limited was founded in 2014 and is headquartered in Bengaluru, India.

Hisarlar

Acquisition in 2017
Hisarlar Makina Sanayi Ve Ticaret A.S. is a Turkish company specializing in the manufacture of agricultural and sports equipment, as well as trucks. Established in 1973 and headquartered in Eskisehir, the company produces a variety of products including excavator chassis, bus chassis, tractor safety cabins, and soil cultivation machines. Hisarlar is recognized as a significant player in the agricultural machinery sector, focusing on the development of tractor cabins and components for off-highway machinery. Through its diverse product offerings, Hisarlar supports the agricultural industry and contributes to advancements in machinery design and safety.

FirstCry

Series D in 2016
FirstCry is an online portal for baby products and toys. They have over 20000+ items from 250+ top International and Indian brands like Mattel, Ben10, Pigeon, Funskool, Hotwheels, Nuby, Farlin, Medela, Pampers, Disney, Barbie, Gerber, Zapak, Mee Mee, and so on. The company provides best of the products and brands at the best prices with quality online shopping experience, fast and reliable delivery service, and a prompt customer care. FirstCry was founded in 2010 and is based in Pune, India.

Scoot

Series A in 2016
Scoot offered shared, electric mobility-as-a-service, including electric mopeds, electric cars, electric bicycles, and electric scooters in San Francisco, Barcelona, and Santiago. In 2012, Scoot was the first company to offer electric vehicles for rent through a smartphone app. In 2019, Scoot was acquired by Bird.

Babyoye

Acquisition in 2015
Babyoye.com was conceived to provide the online generation of modern Indian parents with the opportunity to access the best in pregnancy infant-care and mother-care products and services.

Peugeot Motocycles

Acquisition in 2014
Peugeot Motocycles is a small motorcycles manufactures.

SsangYong

Acquisition in 2011
Ssangyong Motor Company manufactures and sells automobiles and parts in South Korea and internationally. The company offers range of SUVs under the Rexton, Korando, and Tivoli brand name. It also engages in the sales finance activity. In addition, the company exports and sells its SUVs through approximately 1,500 sales outlets in approximately 126 countries. The company was founded in 1954 and is headquartered in Pyeongtaek, South Korea. Ssangyong Motor Company is a subsidiary of Mahindra & Mahindra Limited.

EPC Industrie

Post in 2011
EPC Industrie is a manufacturers and suppliers of all components of drip, sprinkler irrigation systems.

The East India Company

Private Equity Round in 2011
The East India Company Ltd. engages in the retail sale of food and beverages, hampers, and coins in the United Kingdom. It retails tea, coffee, chocolates, biscuits, specialties, accessories, gift hampers, and gold and silver coins. The company sells products through its retail stores, as well as online. The East India Company Ltd. was founded in 1600 and is based in London, United Kingdom.

d.light

Series A in 2008
d.light is a company that designs, manufactures, and distributes solar lighting and power products, primarily aimed at households and small businesses lacking reliable electricity. Founded in 2007 as a for-profit social enterprise, d.light has developed a range of products, including solar lanterns, home systems, and various appliances, to serve over 2 billion people globally. With distribution hubs in East and West Africa, India, Southeast Asia, and the United States, the company has reached over 65 million individuals, providing affordable and accessible solar solutions. d.light is committed to transforming energy usage and payment methods, enhancing the quality of life for users in rural and semi-urban areas through its innovative solar-powered products. The company operates from its headquarters in Palo Alto, California, with additional offices in key locations such as Shenzhen, China; Gurgaon, India; Nairobi, Kenya; Kampala, Uganda; and Lagos, Nigeria.

d.light

Series A in 2008
d.light is a company that designs, manufactures, and distributes solar lighting and power products, primarily aimed at households and small businesses lacking reliable electricity. Founded in 2007 as a for-profit social enterprise, d.light has developed a range of products, including solar lanterns, home systems, and various appliances, to serve over 2 billion people globally. With distribution hubs in East and West Africa, India, Southeast Asia, and the United States, the company has reached over 65 million individuals, providing affordable and accessible solar solutions. d.light is committed to transforming energy usage and payment methods, enhancing the quality of life for users in rural and semi-urban areas through its innovative solar-powered products. The company operates from its headquarters in Palo Alto, California, with additional offices in key locations such as Shenzhen, China; Gurgaon, India; Nairobi, Kenya; Kampala, Uganda; and Lagos, Nigeria.

G R Grafica Ricerca Design

Acquisition in 2008
G R Grafica Ricerca Design is a graphic design company

LocaModa

Series A in 2007
LocaModa created, produced and managed multi-channel marketing programs for brands and agencies. LocaModa was venture backed and headquartered in Cambridge, MA. LocaModa was acquired by Monster Media.
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