Desh Deshpande family office invests in $54M funding round of Aequs

Aequs Pvt. Ltd., an Indian company specializing in precision manufacturing, has recently raised $54 million in a new round of equity funding. This round was led by Singapore’s Amansa Capital and saw the introduction of five new investors. The funding comes on the heels of an earlier investment of Rs 225 crore in April 2023. Aequs plans to utilize this capital for the initiation of its Advanced Technology Products division, focusing on manufacturing high-precision components for consumer electronics. The company, primarily involved in aerospace precision component manufacturing, has a significant global presence with multiple operational units across India, the United States, and France.

Desh Deshpande single family office amongst investors

The funding round of Aequs saw the participation of two single family offices: Narayana Murthy’s Catamaran and Sparta Group LLC, the family office of Desh Deshpande. Desh Deshpande is an American venture capitalist that co-founded ascade Communications and Sycamore Networks. The MIT Deshpande Center for Technological Innovation is named after him. Through Sparta Group, Deshpande pursues personal investments. The family office invests in “novel-science markets” as well as fund managers.

Article Source: Technode Global
Picture source: Umberto