+
Sorin Investments maiden fund garners Rs 10 billion
ECONOMY & POLICY

Sorin Investments maiden fund garners Rs 10 billion

Sorin Investments, a fund focused on technology, and co-founded by Sanjay Nayar and Angad Banga, who were formerly associated with KKR India and have experience in private equity, has successfully secured a fund of more than Rs 10 billion for the second phase of their debut fund. In the previous year, they had gathered approximately Rs 8 billion during the initial phase of fundraising.

The collection of funds by the technology-centric investment firm has occurred at a point when the Indian technology startup ecosystem is confronting a shortage of funding. This scarcity has led numerous investors to decrease the valuations of prominent Indian tech companies.

The fund comprises investments from Henry Kravis, George Roberts, and other associates of the American global investment company KKR & Co, along with Sunil Kant Munjal, the chairman of Hero Enterprise, and a selection of other international and Indian family offices.

Sanjay Nayar and Angad Banga, who had previous ties to KKR, have established Sorin. Sanjay Nayar initiated Sorin after spending forty years in the fields of banking and private equity.

The fund's emphasis is on startups in the early stages of technology across diverse sectors such as fintech, edtech, software as a service (Saas), logistics, clean technologies, and direct-to-consumer products and brands. Their goal is to make investments ranging from $2-10 million in their target companies.

Also read: 
Honer Homes unveils Rs 30 bn mega project, Honer Signatis
Provident Housing launches Rs 20 bn Sustainable Living Project

Sorin Investments, a fund focused on technology, and co-founded by Sanjay Nayar and Angad Banga, who were formerly associated with KKR India and have experience in private equity, has successfully secured a fund of more than Rs 10 billion for the second phase of their debut fund. In the previous year, they had gathered approximately Rs 8 billion during the initial phase of fundraising. The collection of funds by the technology-centric investment firm has occurred at a point when the Indian technology startup ecosystem is confronting a shortage of funding. This scarcity has led numerous investors to decrease the valuations of prominent Indian tech companies. The fund comprises investments from Henry Kravis, George Roberts, and other associates of the American global investment company KKR & Co, along with Sunil Kant Munjal, the chairman of Hero Enterprise, and a selection of other international and Indian family offices. Sanjay Nayar and Angad Banga, who had previous ties to KKR, have established Sorin. Sanjay Nayar initiated Sorin after spending forty years in the fields of banking and private equity. The fund's emphasis is on startups in the early stages of technology across diverse sectors such as fintech, edtech, software as a service (Saas), logistics, clean technologies, and direct-to-consumer products and brands. Their goal is to make investments ranging from $2-10 million in their target companies. Also read:  Honer Homes unveils Rs 30 bn mega project, Honer Signatis Provident Housing launches Rs 20 bn Sustainable Living Project

Next Story
Infrastructure Energy

Rajasthan Clears Key Policies for Health, Energy, and Housing

In a major policy push to establish Rajasthan as a global hub for medical tourism and drive sustainable urban and economic growth, the state cabinet, chaired by Chief Minister Bhajan Lal Sharma, approved several key proposals. These included policies in healthcare, infrastructure, energy, and education, with a total investment value exceeding Rs 112 billion.A central highlight was the Heal in Rajasthan Policy–2025, aimed at promoting Medical Value Travel (MVT) by offering global-standard healthcare at affordable rates and integrating Ayurveda, Yoga, Unani, and Siddha with modern medicine. Th..

Next Story
Infrastructure Energy

Evolve Energy to Build Rs 120 Million Solar Plant for MCL

Evolve Energy has secured a contract to develop a 1.5 MW AC ground-mounted solar power plant at Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Ltd, with a total project cost of approximately Rs 120 million. The installation, to be delivered under a CAPEX model, is scheduled for completion by November 2026 and is aimed at boosting renewable energy usage in industrial operations.S.K. Prasad, Head – Tendering at Evolve Energy, stated that the project underscores their commitment to delivering scalable, industrial-grade solar solutions, supporting India’s clean energy shift.The ..

Next Story
Infrastructure Energy

NLC India Cleared to Invest Rs 70 Billion in Green Arm

The government has granted NLC India Ltd (NLCIL) permission to invest Rs 70 billion in its wholly owned subsidiary NLC India Renewables Ltd (NIRL). The decision was approved by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.The move provides NLCIL with a special exemption from current investment guidelines that apply to Navratna Central Public Sector Enterprises (CPSEs). The exemption allows NLCIL to fund NIRL directly, or facilitate NIRL’s investment in renewable energy projects, either independently or through joint ventures, without needing furthe..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?