Mahindra Partners

Mahindra Rise is a diversified company that operates in various sectors, including automotive components, trade, retail, logistics, financial services, information technology, infrastructure development, and after-market services, both in India and internationally. The automotive division manufactures and markets utility vehicles and light commercial vehicles, including two and three-wheelers. Additionally, the farm equipment segment produces and sells agricultural tractors and engines, while also offering supply chain services to the retail and food processing industries. The company is involved in the export and domestic markets for fruits and vegetables and manages agri centers to support agricultural activities. Through its diverse operations, Mahindra Rise aims to contribute to the development of various industries while addressing the needs of its customers.

Zhooben Bhiwandiwala

President

Rajesh Jejurikar

Executive Director, Auto and Farm Sectors

Parag Shah

Managing Partner

Mitesh Shah

Senior Associate

30 past transactions

SML Isuzu

Acquisition in 2025
SML Isuzu is a prominent manufacturer of commercial vehicles in India, specializing in light and medium vehicles. The company produces a diverse range of products, including trucks and buses, and offers specialized vehicles such as ambulances, tippers, dumper placers, troop carriers, prison vans, dual cab trucks, 4X4 trucks, water tanker trucks, closed vans, and refrigerated vans. SML Isuzu primarily generates its revenue from the sale of these vehicles and their parts, ensuring a strong presence in the commercial vehicle sector. With a reputation for reliability, SML Isuzu continues to serve various market needs throughout the country.

MITRA

Acquisition in 2023
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.

TVS Automobile Solutions

Corporate Round in 2020
TVS Automobile Solutions Private Limited, formerly known as MyTVS, is a prominent provider of automobile aftermarket services based in Chennai, India. Established in 2009, the company specializes in a wide range of car services, including maintenance and repair for various vehicle components such as engines, brakes, and electrical systems. It also offers additional services like roadside assistance, extended warranty, insurance brokerage, and telematics. With a multi-brand car servicing approach, TVS Automobile Solutions aims to enhance vehicle operational uptime and reduce fleet costs for its clients. The company operates under the umbrella of T V Sundram Iyengar & Sons Private Limited and has established a reputation for quality service in the automotive sector.

Aquasail

Corporate Round in 2020
Aquasail is a boating company based in India that provides a variety of sailing experiences for individuals, families, and corporate clients. The company specializes in offering enjoyable and educational programs aboard high-quality boats, catering to diverse market segments. For individuals and families, Aquasail provides fun and learning opportunities that enhance sailing skills and foster a love for the water. Additionally, the company offers corporate programs focused on brand building and employee motivation, creating unique experiences that promote teamwork and engagement. Through its range of services, Aquasail aims to deliver memorable and enriching sailing adventures for tourists and local clients alike.

Meru Cabs

Acquisition in 2019
Meru Cabs, established in Mumbai in April 2007, was among the first to introduce metered "Radio cabs" in India. The company has expanded significantly, operating in major cities including Mumbai, Delhi, Hyderabad, Bengaluru, and Jaipur. Meru Cabs offers a reliable taxi service that is available 24/7, featuring well-equipped, air-conditioned vehicles. Customers can conveniently book rides through online platforms, phone calls, or a mobile application. The service ensures transparency with e-bill receipts provided at the end of each ride, guaranteeing tamper-proof billing. To enhance passenger safety, all cabs are equipped with GPS/GPRS technology. The name "Meru" symbolizes reliability and character, reflecting the company's commitment to providing a dependable transportation experience.

ParkourSC

Series B in 2019
ParkourSC is a logistics and supply chain company founded in 2014 and headquartered in Milpitas, California. The company focuses on digital transformation within the manufacturing and pharmaceutical sectors by offering a cloud-based sensor platform. This platform creates a digital twin of the supply chain, processing billions of events per second to provide real-time diagnostic and predictive insights regarding asset location, condition, utilization, and anomaly detection. By collecting data from various sources, ParkourSC enables continuous visibility into the context and timing of materials and assets, allowing businesses to proactively predict disruptions and enhance operational efficiency.

Gamaya

Series B in 2019
Gamaya is a company focused on enhancing the efficiency and sustainability of both large-scale and small-holder farming through advanced farmland mapping and diagnostics solutions. It employs patented hyperspectral imaging technology, embedded cameras, and analytical software to convert raw hyperspectral and satellite data into actionable insights for farmers. This innovative approach enables farmers to optimize their use of water, fertilizers, chemicals, and fuel, ultimately improving the quality and quantity of their agricultural production. By facilitating better decision-making, Gamaya's solutions contribute to increased crop yields while minimizing environmental impact, thereby supporting sustainable agriculture and global food security.

Centre for Sight

Venture Round in 2019
Centre for Sight is a chain of eye-care treatment centers based in New Delhi, India, dedicated to providing comprehensive eye care services. The organization focuses on patient-centered care, offering a range of diagnostic and therapeutic services, as well as complex surgical procedures, all delivered under one roof. Catering to patients of all age groups, Centre for Sight aims to ensure personalized attention and high-quality treatment across various cities in India.

Resson

Series C in 2018
Resson is a bioinformatics and data analytics company based in Fredericton, New Brunswick, specializing in customized agriculture solutions for large corporate clients. The company employs advanced technologies such as cloud-based data processing, swarm robotics, computer vision, and machine learning to enhance agricultural productivity. Its proprietary platform, the Resson Agricultural Management and Analytics System, analyzes crop metrics to assess the health and status of crops. By providing actionable insights derived from field data, Resson enables agricultural operators to optimize their operations, improve efficiency, increase yields, and maximize profitability.

Avaamo

Series A in 2018
Avaamo is a deep-learning software company based in Los Altos, California, founded in 2014. It specializes in developing a conversational artificial intelligence platform that automates customer service and enhances employee experiences. The platform integrates machine learning, conversation design, and legacy enterprise workflows to streamline the deployment of enterprise bots and virtual assistants. Avaamo's mobile application consolidates communications into one secure interface and is available on both Android and iOS platforms. The company has established a strategic partnership with Tech Mahindra to further its technological advancements in conversational computing.

Porter

Series C in 2018
Porter is an end-to-end logistics platform that focuses on optimizing last-mile delivery operations for businesses. Established in 2014 and headquartered in Bangalore, Karnataka, the company addresses inefficiencies in the last-mile logistics sector, allowing businesses to transport goods on-demand. Porter operates an online marketplace where businesses can book mini trucks and tempos from a fleet of vehicles based on specific dates and locations. This service enables users to access reliable and cost-effective transportation options while providing real-time ride tracking. Currently, Porter has serviced over 5 million customers across 12 cities in India, including major urban centers like Mumbai, Delhi, and Bangalore.

CarSense

Corporate Round in 2018
CarSense is a technology company focused on developing products that enhance the connectivity and intelligence of vehicles, specifically cars and bikes. By integrating advanced Internet of Things (IoT) devices, CarSense aims to provide valuable insights that improve the user experience and operational efficiency. The company's solutions are designed to make vehicles smarter, thereby enabling users to make informed decisions based on real-time data.

Zoomcar

Series C in 2018
Zoomcar is a leading car-sharing marketplace operating primarily in emerging markets, with over 20,000 cars available on its technology-driven platform across India, Southeast Asia, and Egypt. The company enables host entrepreneurs to share their vehicles safely and easily, generating additional passive income. Guests benefit from a wide range of affordable cars for memorable driving experiences. Founded in 2013 and based in Bengaluru, India, Zoomcar employs over 300 people and serves 50 cities across India, Indonesia, Vietnam, and Egypt. Uri Levine, co-founder of mobility companies Waze and Moovit, is the Chairman of the Board. The company's revenue comes mainly from short-term self-drive rentals and vehicle subscriptions, with a significant portion derived from its operations in India.

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.

Gold Farm

Seed Round in 2017
Gold Farm operates a farm equipment booking platform designed to empower the farming community in India. The platform offers access to clean technologies for rural power grid systems and farming equipment, making it easier for farmers to obtain affordable resources necessary for their agricultural activities. By facilitating the booking of essential equipment, Gold Farm aims to enhance productivity and support sustainable farming practices in rural areas.

Erkunt Sanayi

Acquisition in 2017
Erkunt Sanayi A.S., established in 1953 and headquartered in Ankara, Turkey, specializes in the production of iron castings, including gray and ductile varieties. The company manufactures a range of components primarily for the automotive industry, such as engine blocks, cylinder heads, axle housings, flywheels, oil pans, and various adapters and accessories. As of December 2017, Erkunt Sanayi operates as a subsidiary of Mahindra Overseas Investment Company, based in Mauritius.

Erkunt Traktor Sanayii

Acquisition in 2017
Erkunt Traktor Sanayii is engaged in the manufacturing of iron castings and machined parts specifically designed for the agricultural and construction sectors. The company operates a dealership that offers both new and used tractors, along with spare parts, catering to the diverse needs of the farming industry. By providing a comprehensive selection of products, Erkunt Traktor ensures that clients have access to essential machinery and components for their operations, streamlining their purchasing process.

ParkourSC

Series A in 2017
ParkourSC is a logistics and supply chain company founded in 2014 and headquartered in Milpitas, California. The company focuses on digital transformation within the manufacturing and pharmaceutical sectors by offering a cloud-based sensor platform. This platform creates a digital twin of the supply chain, processing billions of events per second to provide real-time diagnostic and predictive insights regarding asset location, condition, utilization, and anomaly detection. By collecting data from various sources, ParkourSC enables continuous visibility into the context and timing of materials and assets, allowing businesses to proactively predict disruptions and enhance operational efficiency.

Medwell Ventures

Series B in 2017
Medwell Ventures is a developer of a healthcare delivery platform designed to enhance accessibility and personalization in medical care. By integrating various delivery channels, the company focuses on providing specialty medical services in the home environment, particularly for chronic diseases outside traditional hospital settings. Utilizing a combination of healthcare expertise, advanced technology, and rigorous processes, Medwell Ventures aims to improve the accuracy and accountability of healthcare, ensuring that patients receive tailored treatments that cater to their specific health needs.

Hisarlar

Acquisition in 2017
Hisarlar Makina Sanayi Ve Ticaret A.S., established in 1973 and based in Eskisehir, Turkey, specializes in the manufacture of agricultural and sports equipment, as well as trucks. The company produces a wide range of products, including excavator and engineering vehicle chassis, bus chassis, tractor safety cabins, and various agricultural machines and components. Focused on the heavy metal industry, Hisarlar also offers agricultural tillage equipment, tools, and welding machines, aimed at enhancing soil quality and supporting mechanization throughout all stages of cultivation. As a significant player in the agriculture machinery sector, Hisarlar contributes to the advancement of agricultural practices.

FirstCry India

Series D in 2016
FirstCry is an online platform based in Pune, India, specializing in baby and kids' products. Founded in 2010, the company offers an extensive range of over 20,000 items from more than 250 renowned international and Indian brands, including Mattel, Pampers, and Disney. FirstCry's business model encompasses not only the sale of baby products and toys but also the wholesale distribution of fast-moving consumer goods (FMCG) through various partners. Additionally, the company operates a preschool segment via franchise partnerships across India. By focusing on quality products and providing a reliable online shopping experience, FirstCry aims to ensure customer satisfaction through prompt delivery services and responsive customer care.

Scoot

Series A in 2016
Scoot provided shared electric mobility services, including electric scooters, mopeds, cars, and bicycles, in cities such as San Francisco, Barcelona, and Santiago. Established in 2012, the company was a pioneer in offering electric vehicles for rent via a smartphone app, allowing users to commute in an eco-friendly manner. Its network featured hundreds of electric scooters that facilitated zero-emission transportation at an affordable cost. In 2019, Scoot was acquired by Bird.

Babyoye

Acquisition in 2015
Babyoye is an online retailer based in India that specializes in providing a wide range of products and services for mothers and infants. The company offers an extensive selection of maternity goods, children's clothing, diapers, bath and skincare items, health and safety products, and toys, catering to the needs of modern Indian parents. In addition to its online marketplace, Babyoye also operates physical retail stores throughout India, enhancing its reach and accessibility to customers. The platform aims to deliver high-quality care products, ensuring that parents can find the best options for their families in a convenient manner.

Peugeot Motocycles

Acquisition in 2014
Peugeot Motocycles, based in Mandeure, France, is the oldest brand of two-wheelers in the world and specializes in the manufacture of scooters, mopeds, and electric scooters. The company is committed to innovation and has a history of pioneering advancements in the industry, including the first European plastic-fibre scooter in 1982 and the introduction of the Scoot’elec electric scooter in 1996. Peugeot Motocycles also played a significant role in enhancing safety features by incorporating ABS braking systems in its 125 cc scooters starting in 2001. In 2013, the brand launched the first version of its three-wheeled Peugeot Metropolis, which showcased its commitment to quality and French production. Through these efforts, Peugeot Motocycles aims to provide safe, sustainable, and affordable mobility solutions.

SsangYong

Acquisition in 2011
SsangYong is a manufacturer of sports utility vehicles (SUV) and recreational vehicles (RV). The company has developed a compact 4WD SUV, Korando Family, which was the first SUV manufactured in Korea.

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. is a retailer based in London, United Kingdom, specializing in gourmet food and beverage products, as well as luxury gift hampers and collectible coins. Founded in 1600, the company offers a diverse range of items including tea, coffee, chocolates, biscuits, and various specialty foods. Its gift hampers are presented in distinctive madder red boxes or elegant cotton-lined wicker baskets, making them suitable for special occasions. The East India Company operates both retail stores and an online platform to reach its customers.

d.light

Series A in 2008
D.light is a developer of solar home lighting and power products aimed at making clean energy accessible and affordable for rural and semi-urban populations. The company's offerings include a range of solar-powered devices such as lights, radios, televisions, fans, and other home appliances, all of which are part of rechargeable solar kits. These products are designed to improve health, increase productivity, and enhance the overall quality of life for users by providing reliable and sustainable energy solutions.

G R Grafica Ricerca Design

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

LocaModa

Series A in 2007
LocaModa was a company based in Cambridge, MA, that specialized in multi-channel marketing programs for brands and agencies. It developed a location-based text messaging service and place-based social media, allowing users to engage with media in various settings such as bars, cafes, colleges, and retail locations. The company's innovative solutions included multiplayer mobile game software and enabled people to connect with and control media displayed on public digital billboards and jukeboxes. LocaModa was venture-backed and eventually acquired by Monster Media.
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