360 one asset amounts to $ 2.1 billion in retiring wolf to supplement new PE-VC funds

Copyright © HT Digital Streams Limit all rights reserved. Mansi Verma 4 min Read 24 Aug 2025, 12:57 AM Ist Sameer Nath, Investment Officer, 360 One Asset. Summary India’s homemade investment platform uses strong IPO and private market exits, as it targets the thematic, pre-IPO and secondary-focused fundraisers amid increasing PE-VC activity. Mumbai: While global and domestic investors are throwing fresh money into India’s private equity and venture capital scene, one of the country’s largest homemade platforms is on a strong exit record to supplement its next phase. 360 One asset returned $ 2.1 billion to its limited partners through recent exits, the investment officer and head of VC & PE Business Sameer Nath told Mint. The exits of the firm include IPOs such as Bikaji Foods, Cams, Icici Lombard, Protean, Northern Arc, Policy Bazaar and Swiggy, along with private transactions such as Leap India’s sale to KKR, Elustraa’s acquisition by VLCC, Pickrr’s Kogta Financ. Over the past six to seven years, the distributions of $ 2.1 billion have been made, although 360 one did not disclose IRRs on these exits. The firm is now in the early stages of raising several new funds through this track record. “The next one we collect is likely to be a sectoral, thematic fund … We will also be looking for our next pre-IPO fund. Our power is that we are never out of the market,” Nath said in an interview. The upcoming sectoral fund is likely to focus on financial services, healthcare and technology. 360 One’s BC and PE Business runs $ 3.6 billion to assets, higher than $ 2.6 billion in August 2023, with a portfolio of 85 businesses, including 24 unicorns. “The idea is to run a true end-to-end platform, from Idea Stage to IPO,” Nath said. The firm has also invested in several other venture capital firms such as Chirata, Orios, together and Kae Capital through its funds portfolio. Over the past two years, it has deployed more than $ 900 million in 32 businesses-which include four new transactions averaged-which includes $ 15 million to Drone Intelligence Provider Aereo and $ 10 million to $ 10 million DailyOBCTS. The firm has about $ 500 million on dry powder left to deploy. “Our last technology fund was nearly $ 600 million, raised in 2022. The Health Care Fund is about $ 125 million. We also have a large pre-IPO fund, the last one was about $ 400-450 million. We still have a significant dry powder over these strategies,” Nath added. The firm recently launched a secondary-focused vehicle and is raising an early-phase fund, Mint reported earlier. Fundraising boom The fundraising pressure comes amid a larger activity in the PE-VC space in India. Over the past year, Chryscapital has closed a $ 2.1 billion buyout fund and a $ 700 million continuation, while Kedaara wrapped a $ 1.7 billion buyout fund and set up a continuation of a continuation of a continuation. Other firms, including Stellaris, India Quotient, Sixth Sense, Prime Ventures, Accel, A91 Partners, Cornerstone BC, Nexus Venture Partners, Lok Capital, Kirata Ventures, Peak XV Partners and Fireside Ventures have either raised or raised in the process. Recent fundraisers include Stellaris’s $ 300 million vehicle in November 2024, Accel’s eighth fund of $ 650 million, and A91 Partners’ fifth fund of $ 665 million. Drivers are structuring more and more thematic vehicles, pre-IPO pools and secondary-focused funds. Within thematic funds, sectors such as manufacturing, Proptech, media and climate technology have shown increasing interest. Manufacturing attracted particular attention, with Amicus Capital, Trident Growth Partners, Revx Capital, Veloce Opportunity Fund, Finnolve, Folks Motor and Arka Investment Advisory Raising New Funds. However, investors remain selective. Limited partners favor those who can deliver real cash returns rather than just paper gain. Since the inception, Chryscapital has raised $ 5 billion in nine private equity funds, invested $ 4.5 billion in over 100 companies, realized about $ 7 billion in 80 exits and fully left its first six funds. Multips, from 2023, achieved more than $ 3 billion with a portfolio of 29 companies. According to Nath, interest among global LPs-in-including ultra-high net worth individuals (uhnis) and family offices-especially in thematic funds. ‘We see that domestic MPs are significantly aged. Ten years ago, there was a lot of suspicion for private equity; Today, ultra HNIs and family offices ask very sophisticated questions, very similar to world institutions. ‘ Alka Goel, founding partner at Alkemi Growth Capital, said although India had not had enough starters to support thematic investment earlier, the ecosystem now aged to a point where funds could focus on specific niches. “Teams are small, you can’t be an agri-expert, a climate expert and a healthcare expert at the same time, so specialization becomes important,” she said. Alkemi is currently investing from its second fund. Goel added that domestic participation in its latest fund is rising compared to its previous vehicle, as investors become more comfortable with thematic funds. Catch all the corporate news and updates on live currency. Download the Mint News app to get daily market updates and live business news. More Topics #Private Equity #Thematic Funds Read Next Story