Secondaries-focused fund PixelSky Capital, backed by boutique investment bank IndigoEdge and Yumlane founder Hitesh Ahuja, has invested Rs 40-45 crore in Mumbai-based waste-to-energy technology company GPS Renewables, people aware of the matter said.
GPS Renewables builds compressed biogas (CBG) plants that convert agricultural waste into gas suitable for injection into existing gas pipeline networks. At a time when energy security has become a key concern globally, the company's technology aligns with India's efforts to reduce dependence on imported natural gas and utilise agricultural residue more productively.
