VC fund (Cat I) · SEBI registry
India Discovery Fund
Pre-IPO / Late stage · Food & FMCG (D2C) · Mumbai
At a glance
- Stage focus
- Pre-IPO / Late stage
- Primary sector
- Food & FMCG (D2C)
- City
- Mumbai
- HQ / office
- Bandra Kurla Complex (BKC), Bandra East, Mumbai, Maharashtra
- Fund registered
- 2020
- Investments on record
- 40
- Corpus (as reported)
- ~USD 100M AUM; India Discovery Fund-II ₹500 Cr corpus (₹100 Cr greenshoe), ~₹100 Cr raised in first close (2024)
- Website
- www.35northventures.com
- Profile ↗
About
35North Ventures is a Mumbai-based SEBI-registered Category I AIF venture firm managing India Discovery Fund I & II and 35North India Growth Fund I, providing growth capital to early- and growth-stage tech-enabled Indian startups.
Investment focus
Growth-stage / early-stage and pre-IPO venture capital in asset-light, tech-enabled businesses across energy, consumer brands, fintech, edtech and defence
Cheque size
INR 5-10 Cr average cheque (growth capital)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category I — reported as “Cat I”
- IN/AIF1/20-21/0848
- IN/AIF1/24-25/1510
SIDBI Fund of Funds
None found (India Discovery Fund II first-phase LPs disclosed as domestic/overseas HNIs and Indian corporate family offices; no SIDBI/govt FoF relationship found)
Notable portfolio
CloudTailor; SpeEdLabs; Big Bang Boom Solutions; NewSpace Research and Technologies; Explurger; Stupa Sports Analytics
Team & organisation
Small team — Founder/MD Milan Sharma, Fund Manager/Partner Sunil Gurbaxani (ex-CEO Dhanlaxmi Bank), plus investment team
35North Ventures-managed, trust-structured Category I AIF; multi-fund (India Discovery Fund I & II, 35North India Growth Fund I)
Connect through iHub India
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Frequently asked
- What does India Discovery Fund invest in?
- Growth-stage / early-stage and pre-IPO venture capital in asset-light, tech-enabled businesses across energy, consumer brands, fintech, edtech and defence
- What cheque size does India Discovery Fund write?
- As compiled from public sources: INR 5-10 Cr average cheque (growth capital)
- How do I pitch India Discovery Fund through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.35northventures.com/; https://yourstory.com/2024/08/35north-ventures-raises-rs-100-cr-first-phase-newly-launched-aif