This is the first investment by Tata Opportunities Fund outside the Tata group.
"The fund seeks to play a supportive role in assisting team at Varroc in expanding its franchise with existing and new customers and new segments across geographies," the company said in a statement.
Commenting on the investment, Varroc founder and Managing Director Tarang Jain said: "The Tata opportunities fund will not only bolster us financially, but also provide us a strategic spring-board which enables us leapfrog into the next cycle of our growth."