Blue Earth Capital AG (“BlueEarth”), the specialist global impact investor, today announces its investment in Nepra Resource Management Pvt. Ltd. (“Nepra”), India’s leading dry waste management company and a pioneer in promoting a circular economy in the country. The transaction has been done in partnership with leading India-based impact investor, Aavishkaar Capital (“Aavishkaar”).
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Blue Earth Capital, through its investment vehicles, has acquired a significant minority shareholding in Nepra from Aavishkaar India II Company Limited (“AICL II”), an investment vehicle managed by Aavishkaar. This transaction provides a full exit to AICL II, an early investor in Nepra. Aavishkaar continues to be invested in Nepra through its Aavishkaar Bharat Fund. BlueEarth has invested in Nepra through a structure that enables Aavishkaar to continue, and build on, its long-standing relationship with Nepra.
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This investment marks BlueEarth’s first climate-focused Private Equity impact investment in India. It aligns with the firm’s thesis of partnering with market-leading companies that are delivering significant climate impact, including the creation of a circular economy.
Rohan Ghose, Director of Private Equity Partnerships at BlueEarth, commented: “We are delighted to invest in Nepra and to support the company’s continued growth journey. We believe that responsible waste management is not only vital for environmental stewardship but also presents a significant opportunity for economic growth and societal benefit. We also look forward to delivering value through our strategic collaboration with Aavishkaar Capital which underscores our commitment to fostering sustainable practices together with leading fund managers.”
Anurag Agrawal, Partner at Aavishkaar Capital, added: “Aavishkaar Capital has been a strong partner to Nepra in its value creation journey, coming in as the first institutional investor and reposing faith through further investments. BlueEarth’s investment is a testament to the company’s success in delivering significant outcomes in its ‘Zero Waste to Landfill’ motto, while creating meaningful impact to the numerous stakeholders to the dry waste management value chain. We look forward to working with BlueEarth in the next phase of Nepra’s growth trajectory.”
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About Blue Earth Capital
Blue Earth Capital is a global, independent, specialist impact investor, headquartered in Switzerland, with operations in New York, London, and Konstanz. Blue Earth Capital seeks to address the world’s most pressing social and environmental challenges by delivering measurable impact alongside aiming for attractive and market-rate financial returns. The company operates dedicated private equity, private credit, and fund solutions.
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