GPS Renewables Secures Rs 400–450 Mn Investment From PixelSky Capital

GPS Renewables was founded by IIM Bangalore alumni Mainak Chakraborty and Sreekrishna Sankar and counts the SBI backed private equity firm Neev Fund among its existing investors. According to Tracxn data cited in media reports, Neev Fund holds more than 40 per cent stake while the founders own 27 per cent. The new capital is expected to support project delivery and expansion of compressed biogas capacity across agricultural regions.

The company closed fiscal year 2026 with revenue of more than Rs 10 billion (Rs 10 bn) and currently has an order book exceeding Rs 40 billion (Rs 40 bn). GPS Renewables has internally projected revenue of Rs 70 billion (Rs 70 bn) and EBITDA of Rs five billion (Rs 5 bn) by fiscal 2030 and is in discussions to raise a larger funding round over the coming quarters. These financial metrics underline growing investor interest in waste to energy and climate tech businesses with scalable revenue visibility.

PixelSky Capital is a secondaries focused fund backed by the boutique investment bank IndigoEdge and the founder of Yumlane, and is targeting a final close of its Rs four billion (Rs 4 bn) Fund I by July. The fund is evaluating companies that could list by 2027 and is targeting firms valued between US$300 million and US$1.5 billion, with sponsors that include domestic family offices, high net worth individuals and startup founders. The founders of IndigoEdge and a co investor are reported to have invested between Rs 100 million and Rs 150 million (Rs 100–150 mn) collectively, signalling continued private capital appetite for clean energy infrastructure.