VC Fund Investments
Auto parts maker Sedemac Mechatronics raises funding from Catamaran
Family Office investor Catamaran has made an investment in Pune-based automotive electronic and electrical component maker Sedemac Mechatronics , via a secondary purchase from an early investor.Early investors in the firm include Nandan Nilekani-backed NRJN Family Trust, which invested in 2017, and growth capital investor Iron Pillar, which infused capital in 2018. The firm’s other investors include Xponentia Capital Partners, A91 Partners and 360 ONE Asset along with family offices of Infosys co-founder Kris Gopalakrishnan and Mindtree co-founder NS Parthasarathy, Raintree Family Office of Leena Dandekar and logistics & courier company AFL Pvt Ltd’s chairman and managing director Cyrus Guzder.In May last year, Sedemac attracted a USD 100 million (then around INR 830 crore).The company makes critical components used to help generate power in automotive vehicles. Its products are used in small engines, electric vehicles and e-bikes.
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