Mumbai, May 22, 2025 : 360 ONE Asset, part of 360 ONE Wealth Asset Management (WAM), has announced a ₹500 crore ($60 million) early-stage venture capital strategy to back startups from seed stage through scale-up.
The new fund will support high-potential startups in sectors like consumer tech, fintech infrastructure, generative AI, spacetech, defence, and precision manufacturing—segments seen as central to India’s next phase of economic growth.
According to the firm, the strategy goes beyond just capital. It includes access to governance support, late-stage funding, and strategic guidance drawn from its wider ₹25,000 crore ($3 billion) private equity platform.
360 ONE Asset New ₹500 Cr Fund Targets India’s Next Tech Unicorns
“As India approaches its next wave of startup-led economic transformation, this early-stage strategy is designed to identify and build companies that could become future unicorns,” said Sameer Nath, CIO and Head of Private Equity & Venture Capital at 360 ONE Asset.
The initiative fits into the firm’s lifecycle investment model, aiming to support startups from their first institutional cheque through to maturity. The strategy is led by a team with strong entrepreneurial and investment credentials including Gaurav Kushwaha (Bluestone), Nigel Vaz (Publicis Sapient), Vaibhav Domkundwar (Better Capital), and Ashwin Mittal (C5i).
While the firm has not disclosed names, its early investment pipeline includes:
- A mobile gaming startup with over 10 million downloads
- An Indian hot sauce brand expanding globally
- A mutual fund SaaS platform
- A spacetech company building indigenous Synthetic Aperture Radar (SAR) technology
“Our approach is structured, with clear diligence, value-creation plans, and exit strategies. We also offer co-investment opportunities for strategic partners,” said Abhishek Nag, Senior Fund Manager and Strategy Head at 360 ONE Asset.
360 ONE Asset currently manages nearly $10 billion across public and alternative assets, including venture capital, private equity, AIFs, PMS, and mutual funds.
