Launch · Professional & Local Services

Himalaya Wealth launches ₹500 Cr SME fund

What they do

Himalaya Wealth Managers LLP is a newly formed investment firm targeting growth-stage SMEs

It launched the Himalaya SME Scheme-I, a SEBI-registered Category I AIF with a ₹500 Cr corpus

The fund will focus on sectors like aerospace, healthcare, renewables, and electronics

Himalaya Wealth Managers LLP has launched the Himalaya SME Scheme-I, a SEBI-registered Category I AIF (alternative investment fund).
The fund has a total corpus of ₹500 Cr, with a base target of ₹250 Cr and a greenshoe option of ₹250 Cr.
It will invest in growth-stage SMEs (small and medium enterprises) across several sectors.
Target sectors include aerospace/defense, industrial automation, healthcare/life sciences, agritech/food processing, electronics/semiconductors, and renewable energy/EVs.
The fund aims for a gross IRR of 20%+ (internal rate of return, a measure of profitability).
Deena Mehta serves as general partner and investment director of the fund.
The leadership team also includes Manohar Lal Vij, Asit C. Mehta, and Jatin Tehri.
Himalaya Wealth Managers LLP has yet to commence operations.

The launch comes after the FY26 Union Budget announced a ₹10,000 Cr fund for SMEs, per finance minister Nirmala Sitharaman.
In 2025, deeptech was India's third most-funded startup segment.
Deeptech startups raised ~$500 Mn across 87 deals in 2025.
The deeptech sector attracted $166 Mn in Q1 2026.

Himalaya Wealth Managers LLP is a newly formed investment firm that has not yet started operations.
It focuses on growth-stage SMEs (small and medium enterprises) in India.
The firm manages the Himalaya SME Scheme-I, a Category I AIF registered with SEBI.
It targets sectors such as aerospace/defense, industrial automation, healthcare/life sciences, agritech/food processing, electronics/semiconductors, and renewable energy/EVs.
The fund aims for a gross IRR of 20%+ (internal rate of return).