Private Equity Firm One Planet Partners Launches Fund to Invest Over Three Thousand Crore Rupees in India

Private equity firm One Planet Partners has announced a new fund targeting the deployment of over three thousand crore rupees in high-growth Indian businesses. ## What Happened The firm partnered with Japan's Sumitomo Mitsui Trust Bank and launched its maiden private equity fund. The fund focuses on mid-market companies in energy, mobility and manufacturing. It offers scale-up capital ranging from one hundred to five hundred crore rupees for enterprises that have revenues between two hundred and two thousand crore rupees. One Planet Partners has already started deploying capital, putting money into Bengaluru electric mobility firm Yulu as part of a ninety-three million dollar Series C funding round. ## Leadership The founding team of One Planet Partners includes Mukund Rajan and Bobby Pauly, who previously led Tata Capital's private equity business. Mrinalini Mirchandani, who was the first female Senior Partner at McKinsey and Company India leading private equity, is also a founder alongside Sheetal Thakkar, who brings investment experience from Blackstone and Tata Capital. Mukund Rajan serves as the founder and chairperson. Kazuya Yoneda serves as General Manager of the Equity Investment Department at Sumitomo Mitsui Trust Bank. ## Context Japan's Sumitomo Mitsui Trust Bank made a strategic equity investment in One Planet Partners while also anchoring the dedicated private equity fund. Leaders from both organizations noted that India remains one of the world's most compelling long-term investment destinations due to ongoing economic expansion, industrial transformation, and the broader national energy transition.