Latest news with #360ONEWAM
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Business Standard
22-05-2025
- Business
- Business Standard
360 ONE Asset launches Rs 500 cr VC fund to tap early-stage startups
360 ONE Asset, the asset management arm of wealth manager 360 ONE WAM, has rolled out a Rs 500 crore early-stage venture capital fund, marking a decisive push into India's burgeoning startup ecosystem. The fund has already backed four startups across diverse sectors, bolstering the firm's 'Idea to IPO' capital stack. The fund will focus on seed and Series A rounds in areas such as consumer tech, fintech infrastructure, generative AI and frontier technologies including spacetech, defence and precision manufacturing, according to a press statement. Anchored by 360 ONE Asset's $3 billion private equity platform, the strategy emphasises deep involvement, board participation and long-term capital support, the company said. '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 & Head, Private Equity & Venture Capital, 360 ONE Asset. The firm is positioning itself to fill a gap between the country's micro-VC ecosystem and large global funds, said Abhishek Nag, Senior Fund Manager, Strategy Head, Early-Stage VC, 360 ONE Asset, adding that the firm will support startups with patient, long-term capital throughout their growth journey. '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,' Nag added. The strategy is already in motion, with deals in advanced stages of diligence. These include a hybrid-casual gaming startup whose flagship India-focused game hit 10 million downloads in three months; a hot sauce brand popularising Indian flavours abroad; a SaaS firm building a 'mutual fund AMC in a box'; and a spacetech company developing indigenous Synthetic Aperture Radar technology with ISRO expertise, the company said. 360 ONE Asset's early-stage bets are supported by an advisory board that includes entrepreneurs and tech leaders such as Gaurav Kushwaha, Nigel Vaz, Vaibhav Domkundwar and Ashwin Mittal.
Mint
22-05-2025
- Business
- Mint
360 ONE Asset launches ₹500 crore early-stage fund to back startups
Mumbai: 360 ONE Asset, a wholly owned subsidiary of 360 ONE WAM, has launched an early-stage fund with a corpus of ₹500 crore to back seed and Series A startups across key sectors, a top executive said. With cheque sizes ranging from ₹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. Read this | GrowX reaps a bonanza from space-tech firm Pixxel '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 the funding gap between the very early stages and the growth stage options that are available in the market," Abhishek Nag, strategy head of early-stage VC at 360 ONE Asset, told Mint in an interview. While older venture capital funds have become larger and are targeting relatively later stages, the early-stage end of the spectrum now has a robust pool of micro venture capital firms, solo general partners (GPs), and angel investors issuing pre-seed cheques. 'Our focus is the stage in the middle where we hope to build a high conviction, concentrated portfolio of companies that have a reasonable product market fit with good fundamentals in place," Nag said, adding that the fund will also offer co-investment opportunities for strategic partners alongside leading rounds. On sectoral focus, Nag said there are multiple strong tailwinds in consumption. 'With the rise of GenZ and mass affluent and per capita income increasing, discretionary spends are also on the rise. There is scope for multiple global consumer brands that can come from India." Read this | VC fundraising wave gains as dealmaking rebounds, but caution prevails 'We are also spending a lot of time understanding defence, space, semiconductor and precision manufacturing industries. There is also a lot to do in building strong global supply chains," Nag said. Other sectors such as financial services remain underpenetrated, while GenAI-led services are expected to disrupt traditional services companies, he added. The fund has already made four investments across sectors such as gaming, consumer, SaaS, and space-tech, though it did not disclose specific names. 360 ONE Asset, which manages more than $3 billion in assets across its venture capital and private equity platform, has launched several other funds in recent months, including a ₹4,000 crore secondaries fund, a pre-IPO fund, a healthcare-focused private equity fund, and sector-specific funds targeting financial services and technology. It also expects to launch a consumer-focused fund soon. Also read | Mint Explainer: How can collapse impact AI investments in India? 'We have launched these funds as we believe there is a lot of depth in the kind of opportunities we are seeing today. There is immense scope for good returns as exit strategies evolve for new-age companies. We also have the ability to offer expertise, and another way to think about the depth in the market is to have the right size of funds chasing those companies," Nag said, adding that the firm can support startups from the idea stage all the way to IPO.
Mint
29-04-2025
- Business
- Mint
Bajaj Finance, Bajaj Finserv, BPCL among key companies to consider dividend today: 360 ONE WAM to trade Ex Dividend
Dividend Stocks: Bajaj Finance, Bajaj Finserv, BPCL are among key companies that are expected to announce dividend today while 360 ONE WAM will trade Ex dividend today Bajaj Finance Ltd- The company while had intimated the exchanges about Board Meeting to consider financial results and dividend, and had informed that additionally, the Board of Directors of the Company, at their meeting scheduled on 29 April 2025, will consider, 1. Special (Interim) Dividend for Financial Year 2024-25. 2. Also Subject to approval of shareholders, Board will consider a. Proposal of sub-division/ split of existing equity shares having face value of Rs. 2/- each, b. Proposal for issue of bonus shares Bajaj Finserv also had intimated the exchanges that meeting of the Board of Directors of the Company scheduled for Tuesday, 29 April 2025 will consider Recommending dividend on equity shares, if any, for the year ended 31 March 2025 along with Considering and approving the standalone and consolidated audited financial results of the Company for the quarter and year ended 31 March 2025. Bharat Petroleum Corporation Ltd - The Board of Directors of the Company at their meeting scheduled for 29/04/2025 , will also be considering recommendation of final dividend, if any, for the financial year 2024-25, in addition to consideration and approval of the Financial Results for the quarter and year ended 31st March, 2025 and 360 ONE WAM Limited- The company had announced first interim dividend for FY 2025‐26 of Rs. 6/‐ (Rupees six only) per equity share of face value of Re. 1/‐ (Rupee one only) each . 360 ONE WAM had also fixed the record date as Tuesday, April 29, 2025, for this purpose. The said interim dividend will be paid and dispatched on or before Wednesday, May 22, 2025, as per the company subject to applicable taxes;. 360 ONE WAM share price thereby will remain in focus as will trade Ex dividend today Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 29 Apr 2025, 09:12 AM IST
Mint
26-04-2025
- Business
- Mint
Dividend Stocks: HCL Tech, Tanla Platforms, 360 ONE WAM among others to trade ex-dividend next week; Full list
Dividend Stocks: Shares of major corporations, including HCL Tech, Tanla Platforms, 360 ONE WAM, Vesuvius India, ABB India, and ACME Solar Holdings, are among others that will trade ex-dividend in the week starting Monday, April 28, 2025. As per the BSE data, many companies also announced other corporate actions, including the bonus issue of shares. The ex-dividend date is when the equity share price adjusts to reflect the next dividend payout. This day, the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward. Dividends are payable to all the shareholders whose names appear on the company's list by the end of the record date. HCL Technologies Ltd will declare an interim dividend of ₹ 18 per share on Monday, April 28. 360 ONE WAM Ltd will declare an interim dividend of ₹ 6 per share on Tuesday, April 29. Tanla Platforms Ltd will declare an interim dividend of ₹ 6 per share on Wednesday, April 30. Vesuvius India Ltd will declare a final dividend of ₹ 14.5 per share on Wednesday, April 30. ABB India Ltd will declare a final dividend of ₹ 33.5 per share on Friday, May 2. ACME Solar Holdings Ltd will declare an interim dividend of ₹ 0.20 per share on Friday, May 2. Gujarat Intrux Ltd will declare an interim dividend of ₹ 10 per share on Friday, May 2. KSB Ltd will declare a final dividend of ₹ 4 per share on Friday, May 2. Mold-Tek Packaging Ltd will declare an interim dividend of ₹ 2 per share on Friday, May 2. Forbes Precision Tools and Machine Parts Ltd will declare an interim dividend of ₹ 5 per share on Friday, May 2. Captain Technocast Ltd declared a bonus issue of shares at a ratio of 1:1. Shares will trade ex-bonus on Tuesday, April 29, 2025. A bonus issue is a corporate action that allows existing shareholders to subscribe for additional shares. Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may give out one bonus share for every ten shares held. GACM Technologies Ltd: Right Issue of Equity Shares on Monday, April 28. Lloyds Engineering Works Ltd: Right Issue of Equity Shares on Monday, April 28. Growington Ventures India Ltd: Right Issue of Equity Shares on Tuesday, April 29. Max India Ltd: Right Issue of Equity Shares on Tuesday, April 29. Aanchal Ispat Ltd: Resolution Plan Suspension on Wednesday, April 30. Bannari Amman Spinning Mills Ltd: Right Issue of Equity Shares on Wednesday, April 30. KDJ Holidayscapes and Resorts Ltd: Resolution Plan Suspension on Wednesday, April 30. Alan Scott Industries Ltd: Right Issue of Equity Shares on Friday, May 2. Embassy Office Parks REIT: Income Distribution RITES on Friday, May 2. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions. First Published: 26 Apr 2025, 05:59 PM IST
Business Standard
23-04-2025
- Business
- Business Standard
360 ONE WAM consolidated net profit rises 2.88% in the March 2025 quarter
Sales rise 3.74% to Rs 820.77 croreNet profit of 360 ONE WAM rose 2.88% to Rs 249.60 crore in the quarter ended March 2025 as against Rs 242.61 crore during the previous quarter ended March 2024. Sales rose 3.74% to Rs 820.77 crore in the quarter ended March 2025 as against Rs 791.17 crore during the previous quarter ended March the full year,net profit rose 26.25% to Rs 1015.30 crore in the year ended March 2025 as against Rs 804.21 crore during the previous year ended March 2024. Sales rose 31.46% to Rs 3295.09 crore in the year ended March 2025 as against Rs 2506.46 crore during the previous year ended March EndedYear EndedMar. 2025Mar. 2024% 2025Mar. 2024% 4 3295.092506.46 31 OPM %56.1936.18 -60.7851.48 - PBDT343.94339.44 1 1504.981065.18 41 PBT324.27322.89 0 1434.451008.54 42 NP249.60242.61 3 1015.30804.21 26 Powered by Capital Market - Live News
