Latest news with #360ONE
Entrepreneur
5 days ago
- Business
- Entrepreneur
Naagin Raises INR 18 Cr Led by 360 ONE Asset to Expand Global Footprint
Existing investor 8i participated for the third time, joined by a collective of 12 new and returning angel investors. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Naagin, flavour-forward food brand, has raised INR 18 crores in a pre-Series A round led by 360 ONE Asset. Existing investor 8i participated for the third time, joined by a collective of 12 new and returning angel investors. The funds will be used to scale operations, including factory and team expansion, R&D, and marketing, while driving growth across B2B, eCommerce, and D2C channels. "We aligned with 360 ONE instantly on our bold vision for the future. They've been very supportive from the get-go, and we are excited to continue our journey to create products people truly love," said Mikhel Rajani, Co-founder of Naagin. "We aim to become the go-to flavour provider for HORECA brands in India and expand globally to put Indian hot sauce on the world map." Founded in 2019 by Mikhel Rajani, Arjun Rastogi, and Kshitij Neelakantan, Naagin was born out of a shared frustration: the global absence of Indian flavours. Their solution was simple yet revolutionary—craft Indian hot sauces using regional chillies and culinary inspirations from across the country. Today, the brand offers a vibrant range of sauces, oils, and chilli flakes made from chillies like Bhut Jolokia, Sankeshwari, and Kanthari. Naagin has become a category disruptor, now present in over 700 premium retail stores and distributed internationally via platforms like Amazon, Walmart, and Carrefour. Known for its viral collaborations like Bhoot Chips with Too Yumm!, the brand's spicy innovations continue to capture the imagination of Indian and global consumers alike. "Naagin isn't simply bottling heat, it's distilling India's rich chilli heritage into a fresh, addictive flavour experience that belongs on tables from Mumbai to Brooklyn. Their relentless focus on craft, clean ingredients, and punchy brand storytelling positions them to redefine the global hot-sauce aisle, and we're fired up to help fuel that journey," said Abhishek Nag, Head of Early Stage VC at 360 ONE Asset. With blockchain-enabled traceability, plastic-neutral practices, and direct farmer partnerships, Naagin merges sustainability with spice. This funding round highlights investor confidence in the brand's differentiated, chef-crafted offerings and its ambitious mission to make Indian flavours global icons.
Time of India
26-05-2025
- Business
- Time of India
UBS seeks CCI approval for 4.95% stake acquisition in 360 ONE
UBS AG, the multinational investment bank, has approached the Competition Commission of India (CCI) seeking approval to acquire a 4.95 per cent stake in domestic wealth management firm 360 ONE WAM Ltd (360 ONE). In a notice filed with CCI on May 22, UBS outlined that 360 ONE WAM will issue 2,05,02,939 subscription warrants on a preferential allotment basis to UBS AG, allowing the bank to subscribe to up to 4.95 per cent of 360 ONE's paid-up share capital, as per the terms set out in the securities subscription agreement between the two entities, PTI reported. The proposed transaction also includes the transfer of Credit Suisse Securities (India) wealth management and stock broking businesses to 360 ONE entities. Credit Suisse Securities (India) is a wholly-owned subsidiary of UBS AG. Under the deal, Credit Suisse's portfolio management services will be transferred to 360 ONE Portfolio Managers, while stock broking and financial product distribution operations will be assigned to 360 ONE Distribution Services. Both transfers will be made as going concerns on a slump sale basis. Additionally, UBS Finance India will transfer its entire loan portfolio, part of its non-banking financial company operations, to 360 Prime under a separate agreement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The deal further includes a collaboration agreement between UBS AG and 360 ONE WAM Ltd, wherein both firms will jointly offer wealth management solutions to domestic and global clients. UBS has stated that the proposed transaction will not have any adverse impact on market dynamics in India or competition in any relevant markets. It also emphasized that it had delineated certain relevant markets, including portfolio management, stock broking, and mutual fund distribution, to assist the CCI's assessment. In April, UBS had announced an exclusive strategic collaboration with 360 ONE, under which UBS will transfer its onshore wealth management business in India to 360 ONE, along with acquiring a 4.95 per cent stake in the firm. The deal is subject to approval from the Competition Commission of India before it can proceed to completion. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Entrepreneur
22-05-2025
- Business
- Entrepreneur
360 ONE Asset Unveils Early-Stage VC Strategy to Back Next-Gen Unicorns
The early-stage VC strategy is central to 360 ONE Asset's "Idea to IPO" capital stack, providing a seamless investment journey for category-defining startups across consumer technology, fintech Infrastructure, generative AI, and frontier technologies, including spacetech, defence, and precision manufacturing. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. 360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has launched its early-stage venture capital strategy, aiming to fuel India's most ambitious startups from inception to IPO. With this move, the firm reinforces its integrated lifecycle investing model, anchored by its broader INR 25,000 crore (USD 3+ billion) private equity platform. The early-stage VC strategy is central to 360 ONE Asset's "Idea to IPO" capital stack, providing a seamless investment journey for category-defining startups across consumer technology, fintech Infrastructure, generative AI, and frontier technologies, including spacetech, defence, and precision manufacturing. "As India approaches its next wave of startup-led economic transformation, 360 ONE Asset's early-stage strategy aims to be at the forefront – identifying, backing, and shaping the companies that will define the next generation of unicorns," said Sameer Nath, CIO and Head, Private Equity and Venture Capital, 360 ONE Asset. "Our strategy is backed by a highly experienced team and distinguished by proprietary deal flow through a network of over 7,000 founders and domain experts." Led by a seasoned team, the strategy takes a high-conviction approach — marked by significant ownership, board involvement, and active value creation. Founders also gain strategic support and access to 360 ONE's ecosystem, including scale-stage capital. "India's early-stage ecosystem is entering a pivotal decade. With our early-stage strategy, we aim to bridge the white space between India's robust micro-VC ecosystem and the large global funds – by backing exceptional founders early and supporting them with patient, long-term capital throughout their growth journey," said Abhishek Nag, Senior Fund Manager and Strategy Head, Early-Stage VC. He added, "We follow a disciplined investment process with rigorous diligence, clear value creation plans, and defined exit strategies. We also offer active co-investment opportunities for strategic partners – all while staying focused on long-term macro trends like domestic consumption, financial infrastructure, healthcare, AI-led services, and deep tech innovation." A robust deal pipeline is already underway, including: A hybrid-casual gaming startup with over 10 million downloads in three months. A hot sauce brand popularizing Indian flavours globally. A SaaS startup building a "mutual fund AMC in a box." A space-tech firm led by ex-ISRO scientists, working on indigenous SAR tech. Backed by a strong advisory board, including leaders like Gaurav Kushwaha (Bluestone) and Nigel Vaz (Publicis Sapient), 360 ONE Asset's early-stage strategy aims to power the next era of Indian innovation.
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
Bharti AXA Life Insurance plans to break even by FY27: MD & CEO Parag Raja
Parag Raja, managing director (MD) and chief executive officer (CEO), Bharti AXA Life Insurance, outlines the company's five-year roadmap — after stake acquisition (of 15 per cent) by 360 ONE Asset Management — in an interview with Aathira Varier in Mumbai. Edited excerpts: Following 360 ONE's stake acquisition, what changes is the company implementing strategically? We also had to solve for growth capital, which we did with 360 ONE coming onboard with around ₹450-500 crore. This sets up well for what we are internally calling Bharti AXA 2.0, which is the next five years (FY30). The first goal is to achieve 3x revenue. Our new business premium (NBP) is around ₹700 crore, which we want to take to ₹2,000 crore. Our aim is to take the gross premium of ₹3,000 crore to about ₹7,000 crore in five years. The second big goal is to ensure that our margins and embedded value grow. We are targeting a value of new business (VNB) margin at 25 per cent in the next five years. We also intend to have another investment coming in the next 2-3 years. The last piece is the profits that we will start to generate from here on. That also, we will plough back. We will need about ₹1,500-1,600 crore in the next five years. As you aspire to plough back profits, when do you plan to break-even? Our break-even is planned for FY27. We saw about ₹37 crore loss in FY25; it was ₹146 crore in FY24. We do not intend to be over indexed on either a particular distribution channel or product segment. About 30-40 per cent of our business will come from non-par; 15-20 per cent from unit-linked insurance plans (Ulips); and 15-20 per cent will be par products. Currently, the mix is a little skewed towards non-par. Since you don't want to be indexed on a particular channel, what are your plans for distribution? Our focus is to make sure that minimum 50 per cent of our sales come from proprietary channels. We want to expand distribution and we are going to enter into new partnerships as well. In FY20, more than 50 per cent of our sales came from corporate agents and brokers. Today, it has come down to 25 per cent. We have also increased our bancassurance partnerships to eight banks. With 360 ONE coming on board, it helps us in two ways — we have got growth capital and it also gives us access to a very different super high net worth (HNI) clientele. We have also signed up with Nuvama, Spark and Blue Chip — some of the key marquee partnerships in the last 4-5 months. This is all happening with a view of launching the Bharti AXA 2.0. In FY25, performance of the life insurance industry was muted both in premium and sale of policies… The retail segment of the industry posted 8-9 per cent growth in FY25. The industry growth was 20 per cent in H1FY25 and H2 was almost muted due to surrender-value regulations. The regulations, which are beneficial for the customer, are also good in the long term. But in the short term, the industry had to make some changes. The industry had to relook at distributor compensation and commercial deals with institutions and agents. This led to a readjustment. While the growth in policies has been flat, the ticket size has increased by 20 per cent for almost five years. There has been a change in the customer segment and distribution channel. Owing to this, ticket sizes are growing while policy growth in numbers has been flat.
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
Intend to have new investment in 2-3 years: Bharti AXA Life Insurance CEO
Parag Raja outlines the 5-year roadmap of Bharti AXA Life Insurance Premium Listen to This Article Parag Raja, managing director (MD) and chief executive officer (CEO), Bharti AXA Life Insurance, outlines the company's five-year roadmap — after stake acquisition (of 15 per cent) by 360 ONE Asset Management — in an interview with Aathira Varier in Mumbai. Edited excerpts: Following 360 ONE's stake acquisition, what changes is the company implementing strategically? We also had to solve for growth capital, which we did with 360 ONE coming onboard with around ₹450-500 crore. This sets up well for what we are internally calling Bharti AXA 2.0, which is the next five years (FY30). The first goal
