Ravi Dharamshi
Founder & CIO
Portfolio Strategy and Approach
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A distinctive private equity strategyof balancing returns with liquidity
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Portfolio
construction12-16 mid-to late-stage companies
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Our EdgeInvesting in businesses with proven models & positive unit economics
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Value CreationBacking companies with strong visibility for value creation
The fund will primarily make investments in companies incorporated in India through subscriptions to the relevant class of units of ValueQuest S.C.A.L.E. Fund II (“Indian Fund”), a scheme of ValueQuest Alternate Investment Trust II which is registered with SEBI as a Category II AIF under the Regulations, bearing registration number IN/AIF2/24-25/1737.
Focus of ValueQuest SCALE Fund
Optimal business stage: The sweet spot for value creation
Key Facts (Scheme II)
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Fund Size
US $50 Mn with a greenshoe option of up to US $50
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Fund Manager
Pushkar Jauhari
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Fund Tenure
8 Yrs (+1 year + 1 year) from 1st Close 1st Close – June 2025
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Investee Companies
2 Investee Companies (~13% deployed) Robust Deal Pipeline
Senior Investment Team Members
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17 years of experience
Education: CFA (USA), MBA
ex-Oikocredit, Small is Beautiful, Nava Bharat Ventures, UBS -
20 years of experience
Education: CA, CFA (USA)
ex-Kitara Capital, Motilal Oswal -
8 years of experience
Education: CA
ex-Centrum Alternatives, ICICI Bank -
9 years of experience
Education: CA, CFA (USA) Level III candidate
ex-Stratford House, Pareto, Purnartha, KPMG
Investment Team
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9 years of experience
Education: CFA (USA)
ex-CLSA, Emkay Global, Motilal Oswal, Choice International -
5 years of experience
Education: CA
ex-BMS & Associates -
3 years of experience
Education: CA, CFA Level II candidate
ex-KPMG -
5 years of experience
Education: ex-Tata Consultancy Services
B.Tech. (Computer), MBA
Platform Team
Investee Companies - Scheme I Overview
Waaree Energies Ltd.
Largest Indian integrated energy transition player manufacturing solar PV modules & cells in India with robust plans of backward integration
ENERGY TRANSITIONNew Economy
RR Kabel
Amongst top 5 players in wires and cables industry with a growing FMEG business
SPECIALTY MANUFACTURING & INDUSTRIALSClassic Economy
Zaggle Prepaid Ocean Services Ltd.
Leading player in expense & spend management solutions with diverse monetization through SAAS and transaction revenues from growing base of corporate clients
TECHNOLOGY - FINTECHNew Economy
TBO Tek
India's leading travel distribution platform catering to B2B agents across hotel bookings & airline ticketing
TECHNOLOGY - TRAVELTECHNew Economy
Unimech Aerospace
Niche precision components manufacturer catering to aerospace, defence, power generation, nuclear and semiconductor industries
SPECIALTY MANUFACTURING & INDUSTRIALSClassic Economy
Solarworld
Solar energy solutions provider, specializing in EPC services for solar power projects – both rooftop & ground-mounted as well as a solar module manufacturing facility
ENERGY TRANSITIONNew Economy
Jupiter International
Solar cell manufacturer with deep experience, strong technical capabilities and professional management team experiencing strong scaling up
ENERGY TRANSITIONNew Economy
Edunetwork Pvt. Ltd. (Rentomojo)
Leading furniture and appliances renting company offering multi-brand products with an omnichannel presence targeting young executives looking for flexible home furnishing solutions
CONSUMER TECHClassic Economy
Sabine Hospitals
Single-speciality mother & childcare hospital brand offering integrated care including fertility treatment, Obstetrics, Gynaecology and Neonatology
PHARMA & HEALTHCAREClassic Economy
Naffa Innovations (‘Tonetag’)
Sound-wave powered deep-tech payments platform enabling secure, contactless transactions while providing customers with advanced data analytics
TECHNOLOGY - FINTECHNew Economy
Purple Style Labs (Pernia Pop-Up)
Luxury designer wear platform with omnichannel presence under the brand ‘Pernia’s Pop-Up’
CONSUMER (LUXURY RETAIL)Classic Economy
August Jewelry (Melorra)
Jewellery player with elegant and niche product designs with omnichannel presence focused on daily wear market
CONSUMER (RETAIL)Classic Economy
Veeda Clinical Research
Prominent Clinical Research Organization (CRO) in India with capabilities of serving innovative pharma companies as well as generics for their human and animal clinical trial needs
PHARMA & HEALTHCAREClassic Economy
Wow Momo Foods
India’s largest homegrown Chinese QSR chain - expanded beyond momos into meals (WoW China), new formats (WoW Chicken, WoW Kulfi), and FMCG products
CONSUMER (QSR)Classic Economy
ValueQuest India Scale II Offshore Fund is a Fund registered with IFSCA as a Category II AIF, vide registration number IFSC/AIF2/2025-26/0281. ValueQuest Investment Advisors Private Limited (IFSC Branch) is the Fund Manager and Axis Trustee Services Limited, Gift City Branch is Trustee of the Fund. In case of investor grievance, mail us at giftcomplaints@valuequest.in.