Ostara Research

A monthly publication focused on the Indian electric-mobility space aimed at fostering a conversation between investors and startups

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The Carbon Impact of Food Production: Can Alternative Proteins be the answer?

As climate change escalates, sustainable food solutions are no longer a luxury but a necessity. Enter alternative proteins – marvels that promise to revolutionize how we meet the world’s protein needs. In this newsletter, we’ll delve into the latest innovations and startups reshaping our food landscape. Carbon Emissions from Agriculture

The Energy Storage Revolution

Welcome to our latest newsletter focusing on the exciting advancements in energy storage technologies. From grid-scale solutions to innovative portable devices, the field of energy storage is witnessing rapid developments that promise to revolutionize how we generate, store, and utilize energy. In this newsletter, we will explore the importance of

The Race for Rapid Recharge: Exploring Innovative Charging Techniques for Electric Vehicles

In recent years, lithium-ion batteries (LIBs) have revolutionized the way we power our devices and vehicles. However, the more we charge them quickly, the faster they degrade, eventually needing replacement. To combat this, various fast charging methods are being developed, each with its own benefits and challenges. The ABCs: Battery

Powering Tomorrow: The Global Battery Market Unplugged Part II

Greetings, dear Readers! With the Indian General Elections around the corner, the energy in the air is palpable. The Indian Administration has been very pro-active in pushing the Climate agenda forward and we hope to see this continuing with even greater momentum later this year. Amidst all this enthusiasm, the

Powering Tomorrow: The Global Battery Market Unplugged

Hello there! Hope 2024 has gotten off to a good start for you. It certainly seems to have for the Indian EV ecosystem from a fund-raising perspective, if you go by the recent flurry of deals announced in this space.  This month, we turn our focus to key developments in the Global

Mukund Ranganathan

Partner

Marquee deals

Mukund Ranganathan

Partner

Mukund is a seasoned investment banker with 27 years of experience in advising companies on M&A and capital raising transactions. He has served most recently as Joint Managing Director at Motilal Oswal Investment Banking, where he worked from June 2014 to January 2021. During his career, he has facilitated over 70 strategic financial transactions including Motherson Sumi’s acquisition of PKC Group (Finland), sale of Aurangabad Electricals to Mahindra CIE, Siemens’ sale of Bangalore Airport, sale of Spicejet, Aegis’ acquisition of PeopleSupport (USA), sale of Air Deccan among others. Mukund has extensive experience in raising private equity funding as well as in the capital markets including IPOs, follow-on offerings, GDRs and ADRs for L&T Finance, Indostar, Dixon Technologies, Bharat Financial Inclusion, Tata Consultancy Services (TCS), Wipro, GAIL, etc.

Mukund has earlier worked for 9 years at Edelweiss Financial Services and started his career in 1996 with a 9-year stint at Morgan Stanley. Mr. Ranganathan holds a B.Tech degree in Electrical Engineering from Indian Institute of Technology Madras (1994) and a PGDM from Indian Institute of Management, Ahmedabad (1996).

Vasudha Madhavan

Marquee deals

Vasudha Madhavan

Founder & CEO

Vasudha is the founder of Ostara Advisors (formerly Dhruva Advisors) and is one of the first investment bankers in India to specialise in Electric Mobility, having advised clients in this space since 2017. She made her all-India M&A League Table debut in the top 20 in October 2018.

In 2023, Vasudha was felicitated by India Energy Storage Alliance (IESA) as one of the “Women leaders driving energy sector in India” 

Vasudha has over 21 years of experience in Corporate & Investment Banking; with leading organizations like Citibank and ICICI Bank, as well as in boutique investment banking, based in Mumbai and Bangalore. Vasudha is responsible for having set up and expanded the ‘Private Equity & Hedge Fund’ coverage vertical for Citibank, India. She has also been part of Citibank’s Risk Management team for mid-size corporates, managing the bank’s lending decisions to a portfolio of companies in ITES, auto components, facilities management services, logistics, diversified manufacturing etc.

Vasudha is also a mentor at Aspire for Her, a unique organisation that enables women to join and stay in the workforce, through campus engagement, mentorships and skilling workshops. Their vision is to impact 1 million+ women and add $5B to India’s GDP through increased participation of women in the workforce by 2025.

Vasudha earned her MBA in Finance from XLRI, Jamshedpur, India and her Bachelor’s degree in Commerce from Mount Carmel College, Bangalore, India. She is also a certified Advanced Scuba Diver and enjoys photography, having held several solo and group exhibitions of her work.

R. 'Shanx' Ravisankar

Industry Expert – Financial Technology and Cloud Solutions

Shanx is a founding member and former CEO of Oracle Financial Services Software, (formerly known as i-flex Solutions, the company was acquired by Oracle in 2006). Shanx retired in 2011 as the Chief Operating Officer, Oracle Financial Services Global Business Unit (FSGBU). As a technology leader, he has also been profiled in leading trade and industry publications. In 2008, Shanx was selected as one of the 50 Outstanding Asian American business leaders. This accolade celebrates Asian business leaders and recognizes their pivotal roles in Corporate America. Shanx is an engineering graduate from the Indian Institute of Technology, Chennai, and has an MBA in Management from the Indian Institute of Management, Ahmedabad, India.
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