StopDownOpen the app

Launch · Financial Services

360 ONE Asset launches INR 1,000 Cr defence fund

By ·

Date
Company
360 ONE Asset
What it does
Defence and space strategy fund
Kind
Launch
Amount
INR 1,000 Cr
Sector
Financial Services

What they do

360 ONE Asset launched a multi-stage fund targeting defence tech, electronics, and aerospace sectors

What happened

The fund aims to raise INR 1,000 Cr with an option for INR 500 Cr more

Why it matters

It targets 15-20 deeptech companies with average ticket sizes between INR 40 Cr and 70 Cr

The details

  • 360 ONE Asset launched a multi-stage defence and space strategy fund.
  • The fund has a target corpus of INR 1,000 Cr raised so far.
  • A greenshoe option allows raising an additional INR 500 Cr to reach a total of INR 1,500 Cr.
  • The investment focus includes defence tech, electronics, spacetech, aerospace, and electronic warfare.
  • The strategy avoids single-program businesses and prioritizes scalable IP-driven platforms.
  • The fund targets 15-20 deeptech companies across growth, late-stage, and pre-IPO stages.
  • Average ticket sizes range from INR 40 Cr to INR 70 Cr.
  • The parent company manages almost $10 Bn in assets under management overall.

The bigger picture

  • The defence tech market is projected to grow from $7.6 Bn in 2025 to $19 Bn by 2030.
  • This represents a compound annual growth rate (CAGR) of 20%.
  • Startup funding in the sector reached $68 Mn in 2025 alone.
  • Total raised by defence tech startups over ten years stands at $78 Mn.

About the business

  • The fund focuses on defence tech, electronics, and spacetech sectors.
  • It also invests in aerospace and electronic warfare allied sectors.
  • Investments target scalable IP-driven platforms with commercial potential.
  • Export potential is a key criterion for selected portfolio companies.
  • The fund avoids businesses dependent on single programs or launches.
  • It targets companies in growth, late-stage, and pre-IPO phases.
  • Average investment tickets are sized between INR 40 Cr and INR 70 Cr.
  • The goal is to build a portfolio of 15-20 deeptech firms.
  • Previous investments include Digantara, Sisir Radar, and CoreEL.

What happens next

  • The fund aims to complete investments in 15-20 deeptech companies.
  • Two deals are currently advanced in negotiations.
  • The parent previously announced an early stage VC fund in May 2025.

The deal

Type
launch

Read it as a card in the app

Same day

All startup news on 22 January 2026 →