Mumbai, May 22 -- 360 ONE Asset, a wholly owned subsidiary of 360 ONE WAM, has launched an early-stage fund with a corpus of Rs.500 crore to back seed and Series A startups across key sectors, a top executive said.

With cheque sizes ranging from Rs.10-25 crore, the fund will aim for meaningful ownership in about 25 companies, focusing on areas such as domestic consumption, frontier technology, financial services infrastructure, and generative artificial intelligence (GenAI)-led services.

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"The stage that we will come at will be the first institutional round in a company that is beginning to see strong and early signs of a product market fit. With this fund, we aim to bridge t...