
Category I
The India Discovery Fund is a disciplined, sector-agnostic growth capital vehicle designed to deliver a targeted 25% gross annual IRR by investing in early-stage, innovative, asset-light companies with proven business models and high-integrity promoters. Through a flexible investment toolkit spanning equity and structured debt instruments like OCDs, CCDs, and CCPS, the fund offers investors an optimized return profile blending consistent dividends with long-term capital gains. By building a highly diversified portfolio across sectors and geographies—and actively supporting it with a powerful network of industry mentors and fund management expertise—the India Discovery Fund systematically converts targeted growth capital into robust investor wealth and inclusive employment generation.
Fund Type
Category I
Category Type
Venture Capital (100%)
Investment Focus
asset-light, innovative Indian startups and SMEs
Fund Currency
INR
Fund size (₹in cr.)
₹500
Green Shoe Corpus (₹in cr.)
₹100
Drawdown (₹in cr.)
-
Commitment Raised (₹in cr.)
-
Sponsor Commitment (₹in cr.)
-
Registration Number
IN/AIF1/24-25/1510
Fund Inception Date
-
First Close Date
-
Last Close Date
-
Last Updated Factsheet
-
Ticket Size (₹in cr.)
₹2.5
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