— OutlookQ4 · 2025
India 2030: the $200B industrial opportunity hiding in plain sight.
Why the next decade belongs to companies building physical infrastructure, not software — and how to invest in it.
Read more
ESG Arbitrage·Private Equity·Alternatives·Public Equities·Fixed Income·AIF Cat II·SEBI Registered
Values
creating
value.
Folks Funds is India's first ESG-led fund with a global perspective. We deploy long-term capital across private equity, public markets and fixed income — backing the businesses building India's industrial and sustainable future.
Global perspective · India focused
North America
South America
Europe
Africa
Middle East
India
East Asia
Southeast Asia
Australia
LP markets Investment focus
₹500 Cr
Target fund size
AIF Category II · SEBI
₹100 Cr
First close
Completed
13
Investment themes
Across the industrial economy
$200B+
India opportunity
Industrial transition by 2030
Private Equity●Growth Capital●Energy Transition●Industrial Manufacturing●Mobility & Infrastructure●Sustainable Investing●Private Equity●Growth Capital●Energy Transition●Industrial Manufacturing●Mobility & Infrastructure●Sustainable Investing●
About the firm
A new kind of
asset manager.
We are a private equity and alternative asset management firm focused on India — but we don't just write cheques. We build alongside the founders we back.
Through our platform — Folks Motor (distribution), Folks Finance (working capital) and Folks Funds (equity) — portfolio companies get customers, capital and capability from day one.
The goal is simple: help serious builders in India's industrial economy grow faster, more responsibly, and at institutional scale.
Investment strategies
Where we put capital to work.
01 / 04
— Strategy 01— Strategy 01
Private Equity · Growth Capital
We back founders building the companies that will shape India's industrial decade — from first customer pilots to institutional scale.
- ● Seed → Series A cheques
- ● Concentrated, conviction-led portfolio
- ● Active governance and board support
Portfolio platform
More than capital.
We give every portfolio company access to real customers, working-capital financing and institutional equity — three things that usually take founders years to assemble.
02 · Working capital
Folks Finance
An NBFC offering bill discounting, distributor financing and project loans — so founders can grow without diluting equity.
03 · Equity capital
Folks Funds
SEBI-registered AIF Category II. Long-term equity for seed to Series A, with active governance and exit planning.
— Where we invest
India-focused. Global in standards.
India is shifting from a services economy to a deep-tech manufacturing powerhouse. Policy tailwinds, cost advantage and a leapfrog dynamic are converging into one of the largest capital-deployment opportunities of the next decade.
$200B+
Energy transition by 2030
13
Investment themes
— Investment thesis
Backing scalable technology-led industrial businesses with a clear path to deployment.
Insights
Perspectives from our team.
— PerspectiveQ4 · 2025
From services to systems: India's quiet shift into deep-tech manufacturing.
Costs, policy and talent are converging. We map where the returns will land.
Read more
— ThesisQ3 · 2025
ESG as a competitive advantage, not a compliance checkbox.
How sustainable positioning lowers cost of capital and opens premium markets for Indian industrial companies.
Read more
Our commitments
What we stand for.
Four principles govern everything we do — how we select investments, how we work with founders, and how we report back to our investors.
Institutional discipline
SEBI-registered, independently audited, and governed to global institutional standards.
Alignment with investors
Transparent fees, honest reporting, and a GP commitment that puts our own capital next to yours.
Long-term compounding
We invest for fundamental value — real businesses, real cash flows, real infrastructure.
Measurable impact
Every company is underwritten on financial return, ESG alpha, and contribution to India's transition.
— Partner with Folks Funds