Latest news with #360OneWam
Time of India
22-05-2025
- Business
- Time of India
360 One Asset launches early-stage VC fund to back startups
360 One Asset , a subsidiary of wealth and asset manager 360 One Wam , has launched an early-stage venture capital fund aimed at backing Indian startups from their first institutional round through to later stages. The strategy is part of the firm's Rs 25,000 crore private equity platform and focuses on sectors such as consumer technology, fintech infrastructure, generative AI, spacetech, defence, and advanced manufacturing. The fund will invest with high ownership, take board seats, and work closely with founders on business strategy and growth. Sameer Nath , CIO and head of private equity and venture capital at 360 One Asset, said the new strategy is aimed at identifying and supporting companies that could become India's next unicorns. '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. 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,' Nath said. The early-stage fund is led by Abhishek Nag, who said the firm wants to fill the funding gap between micro-VCs and large global funds. The team will offer co-investment opportunities to partners. The fund has already built a deal pipeline. These include a gaming company with over 10 million downloads, a hot sauce brand targeting global markets, a SaaS outfit offering mutual fund tech, and a spacetech startup building indigenous radar systems. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The fund is advised by a board that includes founders and executives from BluestOne, Publicis Sapient, Better Capital, and C5i.
Economic Times
25-04-2025
- Business
- Economic Times
Add 360 One Wam, target price Rs 1,173: ICICI Securities
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has maintained Add call on 360 One Wam with a target price of Rs 1,173. The current market price of 360 One Wam Ltd. is Rs 1018.65. 360 One Wam, incorporated in 2008, is a Mid Cap company with a market cap of Rs 40024.75 crore, operating in the NBFC sector.360 One Wam's key products/revenue segments include Fees & Commission Income for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 921.69 crore, down -1.35% from last quarter Total Income of Rs 934.34 crore and down -12.32% from last year same quarter Total Income of Rs 1051.20 crore. The company has reported net profit after tax of Rs 249.60 crore in the latest company's top management includes Vikamsey, Mandawat, Ashok, Kumar Gupta, Vaish, Narayan, Mathur, Shah, Mr.R Venkataraman, Jain, Bhagat, Singh. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 39 Crore shares the growth opportunities and synergies from the B&K acquisition and UBS collaboration, structural opportunity in wealth management alongwith a new segment (HNI) and the play on alternatives through the asset management segment, ICICI Securities maintains the multiple at 35x on FY27E EPS of Rs 33.5. They now factor in additional dilution due to UBS buying 4.95% stake in 360One. The brokerage added 20.5mn new shares, expecting the deal to be completed before FY27E. Their target price is unchanged at Rs 1, held 14.2 per cent stake in the company as of 31-Mar-2025, while FIIs owned 67.22 per cent, DIIs 8.48 per cent.
Time of India
25-04-2025
- Business
- Time of India
Add 360 One Wam, target price Rs 1,173: ICICI Securities
ICICI Securities has maintained Add call on 360 One Wam with a target price of Rs 1,173. The current market price of 360 One Wam Ltd. is Rs 1018.65. 360 One Wam, incorporated in 2008, is a Mid Cap company with a market cap of Rs 40024.75 crore, operating in the NBFC sector. 360 One Wam's key products/revenue segments include Fees & Commission Income for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 921.69 crore, down -1.35% from last quarter Total Income of Rs 934.34 crore and down -12.32% from last year same quarter Total Income of Rs 1051.20 crore. The company has reported net profit after tax of Rs 249.60 crore in the latest quarter. The company's top management includes Vikamsey, Mandawat, Ashok, Kumar Gupta, Vaish, Narayan, Mathur, Shah, Mr.R Venkataraman, Jain, Bhagat, Singh. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 39 Crore shares outstanding. Investment Rationale Considering the growth opportunities and synergies from the B&K acquisition and UBS collaboration, structural opportunity in wealth management alongwith a new segment (HNI) and the play on alternatives through the asset management segment, ICICI Securities maintains the multiple at 35x on FY27E EPS of Rs 33.5. They now factor in additional dilution due to UBS buying 4.95% stake in 360One. The brokerage added 20.5mn new shares, expecting the deal to be completed before FY27E. Their target price is unchanged at Rs 1,173. Promoter/FII Holdings Promoters held 14.2 per cent stake in the company as of 31-Mar-2025, while FIIs owned 67.22 per cent, DIIs 8.48 per cent.
Reuters
22-04-2025
- Business
- Reuters
Asset manager 360 One Wam to acquire UBS' India business for $36 million
April 22 (Reuters) - Indian wealth and asset manager 360 One Wam ( opens new tab said on Tuesday that it will acquire UBS' (UBSG.S), opens new tab local onshore wealth management business in a deal valued at 3.07 billion rupees ($36 million).
