# HSBC Mutual Fund

> HSBC Mutual Fund is a VC fund in Borivli backing Energy, Retail and Medical. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Borivli, India
- Total investments: 5
- Last investment: Aug 2026
- Lead investor: 0%
- Last updated: Aug 2026

HSBC Mutual Fund is a mutual fund manager with a history of connecting clients to global investment opportunities. They fulfill their fiduciary responsibilities by managing risk as well as performance, with the goal of assisting investors in growing their assets through a comprehensive range of solutions and strategies that meet their investmentobjectives, utilizing expertise in equities, fixed income, multi-asset, liquidity, and alternative investments.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 1 | 20% |
| Retail | 1 | 20% |
| Medical | 1 | 20% |
| E-Commerce | 1 | 20% |
| Industrial | 1 | 20% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Post-IPO Equity | 2 | 40% |
| Post-IPO Secondary | 2 | 40% |
| Private Equity | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Meesho | Meesho operates as an online reselling platform that enables anyone to start a business without investment. Meesho is a business platform trusted by more than 2.6 million resellers across India. The company was founded in 2015 by Vidit Aatrey and Sanjeev Barnwa and is headquartered in Bangalore, Karnataka. | $205M | Post-IPO Secondary | Aug 04, 2026 |  |
| Adani Energy Solutions | Adani Energy Solutions is a private sector power transmission and retail distribution company. | $366.1M | Post-IPO Equity | Jul 28, 2026 |  |
| Thyrocare Technologies | Thyrocare Technologies Limited is India's first fully automated diagnostic laboratory with a focus on providing quality reports at affordable costs to laboratories and hospitals in India and other countries.Thyrocare operates this unique centralised laboratory model with the focus on strong technologies, strong brands and strong systemsthat enable all laboratories to give their clients the best of science and technology at affordable costs. | $76M | Post-IPO Secondary | Oct 25, 2025 |  |
| Pitti Engineering | Pitti Engineering is a distributor of electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and machined components. They produce machined, cast, and fabricated components, shafts, stator and rotor assemblies, and subassemblies of components used in diverse industrial applications. | $43.1M | Post-IPO Equity | Jul 12, 2024 |  |
| HG Infra Engineering | H.G. Infra Engineering Limited (HGIEL) is certified construction company engaged primarily in execution of infrastructure sector projects like highways, roads & bridges. Military Engineering Services(MES). The company also executes other civil construction projects like extension & grading of runways, railways & land development. Thecompany has diversified into water pipeline projects also in last few years. HGIEL was founded on 8 June, 2017 (Erstwhile known as HGIEPL which was incorporated in 2003 by their founder promoter Mr. Hodal Singh who has more than 40 years of experience in the construction sector. They are registered as grade 'AA' Class contractor with PWD, Rajasthan & 'SS' Category with Military Engineering Services(MES). |  | Private Equity | Feb 26, 2018 |  |

5 of 5 investments shown.

## Co-investors
- Aditya Birla Sunlife Mutual Fund — VC Fund, 3 deals together
- Kotak Mutual Fund — VC Fund, 3 deals together
- [SBI Mutual Fund](https://shizune.co/investors/profile/sbimutualfund) — VC Fund, 3 deals together
- [ICICI Prudential Mutual Fund](https://shizune.co/investors/profile/icici-prudential-mf) — VC Fund, 2 deals together
- ICICI Prudential Life Insurance — VC Fund, 2 deals together
- [Kotak Life Insurance](https://shizune.co/investors/profile/kotak-life-insurance) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [RA Capital Management](https://shizune.co/investors/profile/ra-capital-management) — VC Fund
- [KB Securities](https://shizune.co/investors/profile/kb-securities) — VC Fund
- [Frazier Healthcare Partners](https://shizune.co/investors/profile/frazier-healthcare-ventures) — VC Fund

## FAQ

### What does HSBC Mutual Fund invest in?

HSBC Mutual Fund invests primarily in Energy, Retail and Medical startups, most often at Post-IPO Equity and Post-IPO Secondary stage. Most of the 5 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did HSBC Mutual Fund last invest?

The most recent investment recorded for HSBC Mutual Fund closed in Aug 2026. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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