Venture Center

35 North Ventures India Discovery Fund II) Seed fund

Organization
35 North Ventures
Fund type
Equity | Debt | Preference | Debentures
Source
Non-Government
Status
Active
Focus area
Biotech, Medtech, Health & rehabilitation | Agriculture, food and nutrition | Cleantech, energy, environment, waste, sanitation | Automation, mobility | Hardware, software, IOT, data, AI, ML | Industrial Products | Material Tech, textiles | Space and Aviation | Edtech, Fintech | Other sectors
Target
Private Limited Company
Fund range
Rs. 2 cr- Rs. 10 cr | Greater than Rs. 10 cr
Fund stages
D. Technology Scale-up/ Validation / De-risking | E. Market Entry | F. Expansion

SEBI-registered Category I AIF, India Discovery Fund II has been active since June 2024. It has a fund size of INR 500 Crore plus 100 Crores greenshoe with a sector-agnostic focus on disruptive tech-enabled Startups and SMEs.

Purpose

The Fund's focus is on emerging, asset-light businesses with strong growth in high-potential sectors and economies, primarily in the Indian market and invests in pre-series A and series A stages. The fund invests both as a lead investor and also as a co-investor in syndicates in both structured debt and equity. Their investments typically range from $1mln-$5mln, the minimum being $500K.