One Planet Partners raises PE fund, ties up with Japan’s SMTB
One Planet Partners plans to deploy over ₹3,000 crore with a first close planned by mid-2027
India-focused private equity firm One Planet Partners has launched its maiden fund and formed a strategic partnership with Sumitomo Mitsui Trust Bank (SMTB) of Japan. The fund aims to deploy over ₹3,000 crore, with a first close expected by mid-2027. SMTB has made a strategic equity investment in One Planet Partners and anchored a dedicated private equity fund managed by the firm.
The fund will provide scale-up capital of ₹100–500 crore to mid-market businesses with revenues between ₹200 crore and ₹2,000 crore, focusing on energy transition, mobility, and manufacturing sectors. One Planet Partners, founded in 2024 by Dr. Mukund Rajan, Bobby Pauly, Mrinalini Mirchandani, and Sheetal Thakkar, has already made its first investment in Bengaluru-based electric mobility company Yulu Bikes' $93-million Series C funding round.
This partnership represents a broader push by Japanese institutional capital into India's private markets, with SMTB citing India as a compelling long-term investment destination.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
