360 One Asset launches Rs.1,000-Cr fund focused on defence, space

Mumbai-based 360 One Asset's private equity and venture capital arm has launched an INR 1,000 crore fund for defence and space investments backed entirely by domestic limited partners. It plans to exercise a greenshoe option to potentially increase the corpus.This new fund aims to invest in 15-20 companies across the defence and space value chain. The fund has already made four investments, including in Digantara, CoreEL Technologies, and Sisir, spanning Series A to pre-IPO and late-stage private equity. A fifth investment is anticipated shortly.