One Planet Partners ties up with Japan's Sumitomo Mitsui Trust Bank to launch Rs 3,000 cr fund
One Planet Partners is an investor in Yulu One Planet will invest in high growth companies across the sectors of energy, mobility and manufacturing One Planet Partners, an India-focused private equity firm, has announced a partnership with Japan's Sumitomo Mitsui Trust Bank (SMTB), and the launc
India-focused private equity firm One Planet Partners has entered into a strategic partnership with Japan's Sumitomo Mitsui Trust Bank to launch its inaugural Rs 3,000 crore fund. This joint venture aims to invest in high-growth businesses that are poised to benefit from India's energy transition, mobility, and manufacturing-led industrial development.
Sumitomo Mitsui Trust Bank has made an equity investment in One Planet Partners, further solidifying their commitment to the firm's mission. The partnership also includes the establishment of a dedicated private equity fund managed by One Planet Partners, which will focus on scaling up mid-market businesses.
Founded in 2024, One Planet Partners is headquartered in Mumbai and is led by four experienced professionals: Mukund Rajan, Bobby Pauly, Mrinalini Mirchandani, and Sheetal Thakkar. The firm plans to provide scale-up capital ranging from Rs 100 crore to Rs 500 crore to enterprises with strong unit economics and revenue between Rs 200 crore and Rs 2000 crore.
One Planet Partners' Founder and Chairperson, Mukund Rajan, expressed excitement about the collaboration, stating that with strong institutional support, the ambition is to build a world-class investment platform centered around high-growth businesses at the intersection of India's economic expansion, energy transition, and industrial transformation.
The partnership between One Planet Partners and Sumitomo Mitsui Trust Bank marks the firm's first investment. Yulu Bikes Private Limited, a Bengaluru-based electric mobility company, is the first business to benefit from the platform. The firm made a contribution to Yulu's $93 million Series C funding round, demonstrating early confidence in the investment strategy.
Kazuya Yoneda, General Manager of Sumitomo Mitsui Trust Bank's Equity Investment Department, emphasized India's appeal as a long-term investment destination. He highlighted the strategic value of the partnership, citing One Planet Partners' proven track record, institutional approach, and unique ability to access and create value in India's private markets.
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