India, Jan. 22 -- In a bid to broaden its investment portfolio, 360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has now launched a multi-stage defence tech and spacetech early stage VC fund. 360 ONE Asset's early stage VC head Abhishek Nag told Inc42 that the fund's target corpus of INR 1,000 Cr has already been raised.

Now, the firm is mulling to exercise INR 500 Cr greenshoe option, taking the total size of the fund to INR 1,500 Cr. As per Nag, the greenshoe would accommodate incremental investor demand and provide flexibility to scale exposure to high quality opportunities identified in the pipeline.

The firm is looking to back about 15-20 portfolio deeptech companies across growth, late-stage or pre-IPO stages. Target segme...