360 ONE Asset, a wealth and asset management firm, has launched a $60-million (Rs 500 crore) venture capital fund aimed at seed and Series A investments in India, it announced on Thursday.
The sector-agnostic fund is part of the company’s broader ‘Idea to IPO’ capital strategy. The fund will focus on investments in fintech infrastructure, generative AI, spacetech, defence, and consumer technology.
The fund has already completed four investments across diverse sectors, including a hybrid-casual gaming company, a hot sauce brand, a SaaS startup, and a spacetech innovator.
“India’s early-stage ecosystem is entering a pivotal decade. With our early-stage strategy, we aim to bridge the white space between India’s robust micro-VC ecosystem and the large global funds – by backing exceptional founders early and supporting them with patient, long-term capital throughout their growth journey,” 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 early-stage fund is supported by an experienced advisory board that includes Gaurav Kushwaha (Founder, Bluestone), Nigel Vaz (CEO, Publicis Sapient), Vaibhav Domkundwar (Founder, Better Capital & Co-founder, Mobileum), and Ashwin Mittal (CEO, C5i).
360 ONE Asset’s venture capital and private equity platform manages over $3 billion in assets under management (AUM). Its broader, differentiated product suite includes alternative investment funds (AIFs), portfolio management services (PMS), and mutual funds (MFs), spanning across public and private equity, fixed income, and real assets.
