Singularity Growth has freshly invested around Rs 400 crore in Lohum, Akshayakalpa, Classic Legend, Qucev, and Edville DC. This reveals the company’s dedication to support startups.

The basic model of Singularity Growth is to help new businesses grow with their financial support. Its new investment is a part of a big fund called the Singularity Growth Opportunities Fund II. Under this a total of Rs 2,000 crore is to injected in growing companies. The primary focus is on areas like energy, consumer goods, finance, software and manufacturing.

Singularity Growth founder Yash Kela revealed his excitement about working with these startups and believes to have great potential to grow. He said that his company will help the new businesses to grow. However, they want to ensure that they can get their money back quickly and make the most of their skills.

Singularity has a plan on how to invest their money. They are injecting a lot into companies that are already growing well. However, they also save some for companies that are just starting to take off. This way, they hope to start making money back within five years.

Akshayakalpa Organic and Lohum are two important companies getting the investments. Akshayakalpa is based in Bengaluru and makes organic dairy products. They also received $12 million from another investor. Lohum received $54 million from Singularity as well as a couple of more investors.

Mithun Sacheti is the key person in Singularity who is helping in finding great companies to invest in. He used to work for Caratlane earlier.

Akshayakalpa Company Info

FoundedOctober 2, 2010FounderDr GNS Reddy, Shashi KumarHeadquartersTiptur, KarnatakaKey peopleShashi Kumar – Co-founder and CEOProductsOrganic Milk and Milk Products, Organic Coconut based products