Singularity AMC - DeepTechTracker

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INDIA / GROWTH + STRATEGIC AUTONOMY

Singularity AMC portfolio and investment contacts, editorial summary

Energy & Materials: River Mobility, PMI, Karamtara Engineering Limited, Qucev, HEG Advanced Materials, Lohum

Energy & Materials: Waaree Energies, Greenjoules, Steamhouse India, Olectra Greentech, Transformers & Rectifiers India, TruAlt Bioenergy

Physical AI: Aimtrex, AutoVRse, Rekise Marine

BioTech: Immuneel, Veeda Clinical Research

Others: Bodycraft, Blissclub, Iljin Electronics, Sabine Hospital & Research Centre, Sterling & Wilson Greentech, More Retail

Others: Data Sutram, Silver Electricals, Oro Money, mCaffeine, Bombay Shirt Company, Webengage

Others: XYXX, Servify, Jana Small Finance Bank, Purple Style Labs, NSE, Akshayakalpa

Others: Exotel, InstaAstro, MakeO, Classic Legends, Jaro Education, Allcargo Logistics

Growth with an operator's lens.

Private equity, strategic autonomy and public-market investing.

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Manager-reported AUM₹9,000 crore

Growth Fund II₹2,000 crore

Portfolio coverage44 relationships

Investment contacts19 individually checked

01 / The fund

Different pools, different mandates

Singularity AMC is a Mumbai-based investment platform spanning growth private equity, Strategic Autonomy and PIPE, meaning private investment in public equity. Its own site reports ₹9,000 crore in assets under management, four funds and 49 investments. Those are manager-level figures, not a statement of cash available for new investments.

Growth private equity backs businesses with proven products, unit economics and paths to scale, generally from Series B toward public markets. Its current Growth page lists Fund I's 2021 vintage at ₹560 crore, with 22 investments and nine exits or listings, and Fund II's 2023 vintage at ₹2,000 crore. September 2025 reporting describes Fund II's ₹2,000 crore final close. Reported Fund II cheques range from ₹75 crore to ₹200 crore; this is dated reporting, not a promise of current availability.

Strategic Autonomy focuses on Indian capabilities and intellectual property in areas where import dependence, strategic demand and policy support intersect. The manager names HrdWyr and Immuneel in this pool and River in both Strategic Autonomy and Growth II. This is separate from its public-equity / PIPE strategies. Portfolio-company labels below preserve the evidenced pool rather than treating everything as venture capital.

A press report describes Fund I as ₹1,400 crore, which conflicts with the current manager's ₹560 crore figure and earlier founder interviews. The manager figure is used here without combining the two. Vintage, fund size and AUM are not interchangeable.

Growth private equity ↗ · Strategic Autonomy ↗

02 / Portfolio

Explore the portfolio

44 public investment relationships: all 28 unique records on the current manager grid, plus 16 relationships recovered from manager essays, company announcements, founder or investment-team records, and clearly labelled reporting. This is a public reconstruction, not an exhaustive legal holdings register. The manager reports 49 investments overall.

Historical relationships stay visible without an assumption of current ownership. Jaro's reported full exit is dated 19 May 2026. Waaree, Allcargo and SAMHI are not treated as current holdings simply because they remain operating businesses. Olectra, Transformers & Rectifiers and TruAlt are named by Suyash Kela as investments, but their specific pool and current stake are not established by that personal record.

Company-ownsite checks steer the sectors. Chips, engineered mobility, therapeutic R&D and autonomous systems are separated from ordinary software, lending, hospitals, consumer brands, hotels and logistics. Marine autonomy is Physical AI, not Space Tech; electronics assembly is not automatically Semiconductors. No quantum holding was established.

Marks are authentic manager or company assets where verified. Unverified, unreadable or unavailable marks use explicit name labels rather than a guessed symbol. HEG Advanced Materials is kept as the manager names it, with its group-site caveat. Edville DC appears in historical Fund II reporting; its relationship to the current Sterling & Wilson Greentech record could not be established precisely, so it is noted below rather than counted as a second company.

Energy & Materials 12

River Mobility ↗

Growth Opportunities Fund II + Strategic Autonomy

Manager-listed current

Electric utility scooters, led by the River Indie, with in-house vehicle development.

Different pools, different mandates

Explore the portfolio

Energy & Materials 12

Physical AI 3

BioTech 2

Semiconductors 1

Space Tech 1

Others 25

Investment team

Madhusudan Kela

Yash Kela

V Ramanan

Sandeep Bapat

Suyash Kela

Aravind Viswanathan

Atul K Naraania

Vikrant Khorana

Shankar Roddam

Angad Kapur

Anagh Singh

Pratik Agarwal

Kunal Chitnis

Pawan Parakh

Vatsal Bhandari

Arzaan Patel

Sahil Gala

Chirag Ginglani

Abhiseck Jain

Limited partners and general partners

SIDBI Fund of Funds for Startups

Self Reliant India Fund

Sponsor and historical GP

Mithun Sacheti