India, May 22 -- 360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has launched an INR 500 Cr (around $60 Mn) early stage venture capital fund.

The sector-agnostic fund will target seed and Series A startups across sectors, including consumer technology, fintech infrastructure, generative AI, spacetech, defence and precision manufacturing.

A source close to 360 ONE Asset told Inc42 that the fund aims to back around 25 startups with an average ticket size ofINR 10-25 Cr.

The investment vehicle has already backed four startups. Another source disclosed that one of these startups is the hybrid-casual gaming startup FunStop. The other three include a hot sauce brand, a SaaS company and a spacetech venture.

360 ONE Asset said in a s...