360 ONE Asset Unveils ₹1,500 Crore Fund for Defence and Spacetech Startups

360 ONE Asset, a wholly owned subsidiary of 360 ONE WAM, has expanded its alternatives platform with the launch of a dedicated multi-stage investment fund focused on defence and space-led deeptech opportunities, as per Inc42 report. 

Fund Size, Structure and Deployment Plan 

The fund has already raised its target corpus of ₹1,000 crore and includes a ₹500 crore greenshoe option, which could increase the overall fund size to ₹1,500 crore. 

According to Abhishek Nag, early-stage VC head at 360 ONE Asset, the greenshoe is intended to meet incremental investor demand and allow flexibility in scaling exposure to identified opportunities.  

The fund plans to invest in around 15–20 portfolio companies across growth, late-stage and pre-IPO stages, while selectively evaluating early-stage investments based on strategy and conviction. 

Sector Focus, Ticket Sizes and Portfolio Progress 

The investment strategy targets segments including defence technology, defence electronics, spacetech, aerospace, electronic warfare and allied areas.  

Typical investment ticket sizes are expected to range between ₹40 crore and ₹70 crore, depending on the stage and investment conviction.  

As per report, Nag said, “The strategy explicitly avoids single-program, purely launch-dependent businesses and prioritises scalable, IP-driven platforms with commercial and export potential.”  

The fund has so far completed four investments, including Digantara, Sisir Radar and CoreEL, with 2 additional deals currently under advanced negotiation. 

Market Context 

The move comes amid growing institutional interest in defence tech, with data showing $78 million raised over the past decade, including $68 million in 2025 alone, and projections of sector growth from $7.6 billion in 2025 to $19 billion by 2030. 

Read More: Passive Fund AUM Rises 31% As India’s Mutual Fund Industry Touches ₹80.23 Lakh Crore in December 2025! 

Conclusion 

The launch of the multi-stage defence and space fund positions 360 ONE Asset to participate in the growing momentum around India’s defence and spacetech sectors amid rising institutional interest. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.