Singularity AMC, a growth equity platform specializing in private and PIPE (private investment in public equity) investments, has successfully closed its second private equity fund, Singularity Growth Opportunities Fund II (SGOF II), at an oversubscribed ₹1,800 crore.
Launched in August 2023 with an initial corpus of ₹1,500 crore and a ₹500 crore green shoe option, SGOF II witnessed strong investor demand, securing its first close at ₹500 crore within a month. The fund focuses on high-growth sectors, including Energy Transition, Next-Generation Industrials, Consumer, Healthcare, and Financial Services.
Strategic Investments and Portfolio
SGOF II has already deployed capital in eight promising companies, reflecting its diverse sectoral focus:
- Lohum – Battery recycling startup
- HEG – Energy transition platform
- Sterling & Wilson Data Centre – Data center EPC provider
- Sabine – IVF healthcare company
- Classic Legends – Maker of JAWA motorcycles
- Qucev – Sustainable EV manufacturer
- Deal 7 – Luxury watch retailer
Over the next two years, the fund plans to invest ₹75-175 crore in 12-15 more companies.
Singularity AMC’s Track Record
Founded in 2016 by Yash Kela and Mithun Sacheti, Singularity AMC manages three funds and has invested in major companies like Swiggy, Paytm, Jana Small Finance Bank, and Jawa.
Its first fund delivered a 30% IRR and is on track to achieve a 3x Multiple on Invested Capital (MOIC). The firm follows a structured allocation strategy:
- 40% in late-stage companies
- 40% in profitable growth-stage firms
- 20% in high-conviction venture-stage opportunities
The fund’s current portfolio is valued at ₹492 crore, with a MOIC of 1.2x.
With a strong investment strategy and a focus on high-growth sectors, Singularity AMC continues to establish itself as a key player in India’s private equity ecosystem.
