360 ONE Asset has launched a Rs 500 crore early-stage venture capital fund. This fund will focus on category-defining start-ups at the seed and Series A stages. It has already made four investments in start-ups across various sectors like consumer packaged goods, SaaS, spacetech, and hybrid-casual gaming.
To be more precise, the early bets include a gaming company that crossed 10 million downloads in three months, a SaaS start-up building a mutual fund “AMC in a box” solution, a spacetech firm developing indigenous Synthetic Aperture Radar technology, and a hot sauce brand focused on global markets.
Overall, the fund will focus on emerging sectors such as consumer technology, fintech infrastructure, generative AI, spacetech, defense, and precision manufacturing. It is a part of 360 One Asset’s broader Rs 25,000 crore private equity platform and is positioned as a core element of its “Idea to IPO” capital stack.
“As India approaches its next wave of startup-led economic transformation, 360 ONE Asset’s early-stage strategy aims to be at the forefront – identifying, backing, and shaping the companies that will define the next generation of unicorns,” said Sameer Nath, CIO & Head, Private Equity & Venture Capital, 360 ONE Asset.
He stated that the main strategy of this fund is distinguished by an experienced team and distinguished by proprietary deal flow through a network of over 7,000 founders and domain experts.
“We aim to bridge the white space between India’s robust micro-VC ecosystem and the large global funds – by backing founders early and supporting them with patient, long-term capital throughout their growth journey. We follow a disciplined investment process with rigorous diligence, clear value creation plans, and defined exit strategies,” said Abhishek Nag, Senior Fund Manager & Strategy Head, Early-Stage VC, 360 ONE Asset.
“We follow a disciplined investment process with rigorous diligence, clear value creation plans, and defined exit strategies. We also offer active co-investment opportunities for strategic partners – all while staying focused on long-term macro trends like domestic consumption, financial infrastructure, healthcare, AI-led services, and deep tech innovation," he added.
The advisory board of fund comprises of Bluestone founder Gaurav Kushwaha, Publicis Sapient CEO Nigel Vaz, Better Capital’s Vaibhav Domkundwar, and C5i CEO Ashwin Mittal.
