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35North India Growth Fund I

Category I

Overview

The India Growth Fund is a premier strategic investment vehicle dedicated to backing visionary founders at the critical intersection of defence, deep-tech, and space exploration. As global supply chains permanently shift toward domestic production, the fund capitalizes on India's aggressive transition from an import-dependent nation to a global hub for indigenous R&D and manufacturing. Driven by the urgent imperatives of national security and technological self-reliance—and heavily accelerated by catalytic ecosystems like iDEX—the fund invests in the future-ready entrepreneurs building breakthrough sovereign technologies that will reduce import dependencies and shape India's strategic frontier.

Fund Structure Details

Fund Type

Category I

Category Type

Venture Capital (100%)

Investment Focus

Defence , Space-tech , Climate -tech

Fund Currency

INR

Fund size (₹in cr.)

₹2,000

Green Shoe Corpus (₹in cr.)

₹500

Drawdown (₹in cr.)

-

Commitment Raised (₹in cr.)

-

Sponsor Commitment (₹in cr.)

-

Registration Number

IN/AIF1/17-18/0321

Fund Inception Date

-

First Close Date

-

Last Close Date

-

Last Updated Factsheet

-

Ticket Size (₹in cr.)

₹5

Open And Close Ended Fund

Close-Ended

Tenure

7 years

Extension Period

2 years

Lock-in Period

Close-Ended

Residual Tenure

-

Open For Investments

Yes