New fund · Government, Defense & Space

Udtara Ventures launches Rs 250 crore defence and deep-tech fund

By Startup Enthusiast · 17 February 2026

What they do

Udtara Ventures is a multi-family office backed by a Delhi-based conglomerate with over 50 years of industrial experience

It launched the Udtara Growth Fund with a target corpus of Rs 250 crore to back 8-10 startups in defence, aerospace, and deep-tech

The fund will take meaningful ownership stakes and help startups from experimentation to global expansion

Udtara Ventures launched the Udtara Growth Fund for defence, deep-tech, and frontier engineering.
The fund has a target corpus of Rs 250 crore.
It will back 8-10 startups with patented, commercially deployable technologies in defence, aerospace, and dual-use sectors.
The fund is structured as a private investment entity, not an AIF (alternative investment fund) with a fixed tenure.
Around 40% of the fund capital will go to initial cheques, and the rest for follow-ons.
Average cheque sizes across rounds will be Rs 40-50 crore.
The fund will invest in early-stage businesses with product-market fit and a confirmed order book.

Udtara Ventures has deployed over Rs 100 crore ($11 million) across direct and indirect investments from 2020 to 2025.
It has made 16 direct investments so far, including in National Stock Exchange of India, OneStack, DSLR Technologies, and Assiduus Global.
The fund aims to build enduring, mission-critical companies anchored in India-originated technology.

Udtara Ventures is a multi-family office backed by a Delhi-based business conglomerate with over 50 years of industrial experience.
It was founded in 2019 and specializes in seed and Series A investments in tech-enabled Indian startups.
Previous cheque sizes ranged from Rs 1-10 crore for a 5-15% stake.
It invests in sectors like Fintech, Edtech, SaaS, and Consumer Goods.
The existing portfolio includes Junio and Eql.
Udtara has a five-member team with presence in Bengaluru and Delhi.

The fund will take meaningful ownership stakes and support startups from experimentation to global expansion.
It will help with manufacturing readiness, supply-chain, regulatory alignment, and global market access.
Around 40% of the fund capital will be for initial cheques, and the rest for follow-ons.