Investment firm 360 One Asset on Tuesday raised Rs 1,000 crore in a multi-stage fund to back defence and space strategy companies in India. The fund will look to provide a range of capital support from venture capital to private equity to growth-stage capital, among others. 360 One aims to back 15 to 20 companies working in defence, space, aerospace, and allied strategic technologies, with this fund. The fund announcement comes at a time when there is rising opportunities in India’s defence and space-tech ecosystem with the FY25 defence budget touching Rs 6.22 lakh crore and defence export growth growing at 84% CAGR between FY21 and FY25, the firm said.India has also seen setting up of over 250 private space entities, the firm pointed out. Also ReadAavishkaar Group partners with Jamwant Ventures to launch Rs 500 Cr fund focused on defence and deeptechAccording to the company, it has already closed four investments under this fund to-date. According to a report by The Economic Times report noted that these investments are in the space of defence electronics, space analytics, electronic warfare, and satellite-based ISR. The report also noted that the fund will have an allocation mix of about 20% for venture… Read MoreYourStory RSS Feed
