One Planet Partners launched a ₹3,000-crore maiden private equity fund with Japan’s Sumitomo Mitsui Trust Bank. The Japanese financial institution anchored the fund and made an equity investment in the India-focused firm. The fund will target high-growth businesses tied to India’s energy transition, mobility, and manufacturing expansion.
Fund details
One Planet will manage the dedicated private equity fund. It will provide scale-up capital of ₹100 crore to ₹500 crore. The fund will target companies with revenue between ₹200 crore and ₹2,000 crore.
Company context
One Planet Partners was founded in 2024 and is based in Mumbai. Its four founding partners are Mukund Rajan, Bobby Pauly, Mrinalini Mirchandani, and Sheetal Thakkar. The founders bring experience from Tata Group, McKinsey & Company, Blackstone, and Tata Capital.
First investment
One Planet has made its first investment in Bengaluru-based electric mobility company Yulu Bikes. The deal was part of Yulu’s US$93 million Series C funding round. Yulu is backed by Bajaj Auto and Magna International and serves last-mile transportation and delivery.
One Planet Partners will combine growth capital with active ownership and operational expertise. The firm aims to help companies strengthen their competitive positioning and scale. Its investment program will pursue opportunities in India’s private markets.