New Delhi, Jan. 21 -- 360 ONE Asset, which manages over $10 billion (around Rs 91,700 crore) across alternative investment funds (AIFs), portfolio management services (PMS) and mutual funds (MFs), has raised Rs 1,000 crore ($109 million) for a dedicated multi-stage investment strategy focused on defence, space, aerospace and allied strategic technologies.

The raise marks one of the largest private capital pools targeting India's fast-evolving national security and space ecosystem.

The fund will invest across stages, from venture and growth capital to late-stage private equity and pre-IPO opportunities. It aims to build a portfolio of 15-20 companies.

Roughly 20% of the capital is earmarked for early-stage venture investments, about 30% for growth-stage companies, and the remaining 50% for late-stage private equity and pre-IPO opportunities.

The fund has already closed four investments: defence electronics firm Project Celesta, space situational awareness and analytics company Project Sataware, electronic warfare and ELINT systems developer Project Constellation, and L-band synthetic aperture radar satellite platform Project Spectra.

360 ONE Asset said it has evaluated over 100 companies and has built a strong proprietary pipeline as private firms play a larger role in developing domestic capabilities across drones, sensors, satellites, electronic warfare, and data-driven defence systems.

Part of the 360 ONE Group, the firm manages India-focused investment strategies for domestic and global investors. It typically backs a smaller set of high-conviction ideas and often invests its own capital alongside clients. Its investor base includes foreign institutional investors and high-net-worth individuals.

In November 2025, 360 ONE Asset also launched a platform to invest across renewable energy assets. Housed under its asset management business, the platform focuses on building, owning and operating green power projects, including generation and storage facilities.

Published by HT Digital Content Services with permission from VC Circle.