**360 ONE Ventures Expands Fundraising Efforts Amid Strong Exit Track Record**
360 ONE Ventures has made notable exits through IPOs, including Bikaji Foods, CAMS, ICICI Lombard, Protean, Northern Arc, Policy Bazaar, and Swiggy. Additionally, the firm has engaged in private transactions such as Leap India’s sale to KKR, Ustraa’s acquisition by VLCC, Pickrr’s acquisition by Shiprocket, and Multiples’ investment in Kogta Financial. Over the past six to seven years, the firm has distributed $2.1 billion, although it has not disclosed internal rates of return (IRRs) for these exits.
Encouraged by this performance, 360 ONE is in the early stages of raising several new funds. According to Nath, the next fund is expected to be sector-focused, with an emphasis on financial services, healthcare, and technology. The firm also plans to raise a pre-IPO fund, highlighting its continuous market presence.
Currently, 360 ONE’s venture capital and private equity business manages $3.6 billion in assets, an increase from $2.6 billion in August 2023, and boasts a portfolio of 85 companies, including 24 unicorns. Nath emphasized the firm’s goal to create a comprehensive platform that supports companies from the idea stage to IPO.
In addition to direct investments, 360 ONE has allocated capital to various venture capital firms, including Chiratae, Orios, Saama, and Kae Capital, through its fund-of-funds strategy. Over the last two years, the firm has invested more than $900 million across 32 companies, averaging four new deals each quarter. Recent investments include $15 million in drone-intelligence provider Aereo and $10 million in lifestyle brand DailyObjects. The firm retains approximately $500 million in available capital for future investments.
Nath noted that the last technology fund raised nearly $600 million in 2022, while the healthcare fund is around $125 million. The firm also has a significant pre-IPO fund, with the last one totaling between $400 million and $450 million, indicating ample dry powder across its investment strategies.
Recently, 360 ONE launched a secondary-focused vehicle and is in the process of raising an early-stage fund. This fundraising initiative coincides with increased activity in India’s private equity and venture capital landscape. In the past year, firms like ChrysCapital and Kedaara have successfully closed substantial funds, while others, including Stellaris, India Quotient, and Accel, are also in the process of raising new capital.
As the market evolves, managers are increasingly structuring thematic vehicles and pre-IPO pools to adapt to changing investment landscapes.
**FAQ**
*What types of companies does 360 ONE Ventures invest in?*
360 ONE Ventures primarily invests in sectors such as financial services, healthcare, and technology, focusing on companies at various stages from idea to IPO.
