360 ONE Asset, the asset management arm of 360 ONE WAM, has launched a Rs 500 crore ($60 million) early-stage venture capital fund focused on backing category-defining startups at the seed and Series A stages.

The sector-agnostic fund has already made four investments in startups spanning hybrid-casual gaming, consumer packaged goods, SaaS, and spacetech. It is part of the firm’s broader Rs 25,000 crore ($3 billion+) private equity platform and is positioned as a core element of its “idea to IPO” capital stack.

The fund will target emerging sectors such as consumer technology, fintech infrastructure, generative AI, spacetech, defence, and precision manufacturing. 360 ONE Asset said it will take significant ownership in portfolio companies, with board representation and active operational involvement to help drive value creation.  

The fund’s early bets include a gaming company that crossed 10 million downloads in three months, a hot sauce brand focused on global markets, a SaaS startup building a mutual fund “AMC in a box” solution, and a spacetech firm developing indigenous Synthetic Aperture Radar technology.

Sameer Nath, CIO and Head of Private Equity and Venture Capital at 360 ONE Asset, said the firm aims to identify and shape the companies that will define the next generation of unicorns.

Abhishek Nag, Senior fund manager & Strategy Head - Early Stage VC at 360 One Asset, said the fund is designed to bridge the gap between India’s micro-VCs and large global funds, offering long-term capital, strategic direction, and defined exit plans. He added that the fund would also offer co-investment opportunities to strategic partners.