ETtech360 One Asset, the investment arm of wealth management firm 360 One WAM, has launched a Rs 500-crore (about $60 million) early-stage venture capital fund to back startups from seed to series A rounds.
The sector-agnostic fund has already made four investments and is part of the company’s broader ambition to support startups from “idea to IPO”, said Sameer Nath, chief investment officer (CIO) and head of private equity and venture capital at 360 One Asset.
It will focus on emerging sectors including consumer technology, fintech infrastructure, generative artificial intelligence (AI), and frontier technologies such as spacetech, defence and precision manufacturing.
"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 Nath.
The strategy is anchored by 360 One Asset’s broader private equity platform and will follow a concentrated approach, with significant ownership stakes, board participation and active value-creation support. The fund will also offer co-investment opportunities to strategic partners.
The team is supported by an advisory board comprising jewellery brand Bluestone founder Gaurav Kushwaha, investment firm Better Capital’s Vaibhav Domkundwar, digital consulting firm Publicis Sapient’s Nigel Vaz, and Ashwin Mittal of artificial intelligence and analytics services provider C5i.
Currently, 360 One Asset manages about $10 billion in assets across public and private markets.
The new fund adds to a growing list of institutional investors looking to deepen their participation in India’s early-stage venture ecosystem, even as the broader funding landscape has seen a correction over the past year.
“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 and strategy head, early-stage VC, 360 One Asset.
The sector-agnostic fund has already made four investments and is part of the company’s broader ambition to support startups from “idea to IPO”, said Sameer Nath, chief investment officer (CIO) and head of private equity and venture capital at 360 One Asset.
It will focus on emerging sectors including consumer technology, fintech infrastructure, generative artificial intelligence (AI), and frontier technologies such as spacetech, defence and precision manufacturing.
"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 Nath.
The strategy is anchored by 360 One Asset’s broader private equity platform and will follow a concentrated approach, with significant ownership stakes, board participation and active value-creation support. The fund will also offer co-investment opportunities to strategic partners.
The team is supported by an advisory board comprising jewellery brand Bluestone founder Gaurav Kushwaha, investment firm Better Capital’s Vaibhav Domkundwar, digital consulting firm Publicis Sapient’s Nigel Vaz, and Ashwin Mittal of artificial intelligence and analytics services provider C5i.
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Currently, 360 One Asset manages about $10 billion in assets across public and private markets.
The new fund adds to a growing list of institutional investors looking to deepen their participation in India’s early-stage venture ecosystem, even as the broader funding landscape has seen a correction over the past year.
“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 and strategy head, early-stage VC, 360 One Asset.
( Originally published on May 22, 2025 )
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