What cheque size does IRONCLAD VENTURES AF TRUST write?

As compiled from public sources: INR 1-4 Cr per deal

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VC fund (Cat I) · SEBI registry

IRONCLAD VENTURES AF TRUST

Growth (Series C+) · Fintech · Noida

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Contact on file — shared on accepted request

At a glance

Stage focus: Growth (Series C+)
Primary sector: Fintech
City: Noida
HQ / office: Sector 100, Noida, Uttar Pradesh
Fund registered: 2025
Investments on record: 40
Corpus (as reported): Ironclad Ventures fund: INR 100 cr base corpus + INR 100 cr green-shoe (INR 200 cr total) (2025)
Website: www.ironcladamc.com
LinkedIn: Profile ↗

About

Ironclad Asset Management (SEBI PMS Reg INP000009074), founded by Krishna Killa (ex-Bain Capital, BCG), is a Noida-based India-focused asset manager. Its Cat I AIF 'Ironclad Ventures' is an ESOP-secondaries fund planning 30-40 secondary deals of INR 1-4 cr each to provide liquidity to startup employees.

Investment focus

Early/growth-stage Indian startups via ESOP secondary transactions; sectors fintech, SaaS, AI, consumer and digital (Cat I AIF). Affiliated PMS is stage/sector-agnostic public-market value+growth investing.

Cheque size

INR 1-4 Cr per deal

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category I — reported as “Cat I”

IN/AIF1/25-26/1899

SIDBI Fund of Funds

None found

Team & organisation

~7 (2-10 per LinkedIn); founder Krishna Killa plus small investment team

LLP-managed (Ironclad Asset Management LLP, SEBI PMS INP000009074) trust-structured Category I AIF (Ironclad Ventures Fund) — employee-secondaries / ESOP liquidity fund; firm also runs FlexiCap PMS

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Frequently asked

What does IRONCLAD VENTURES AF TRUST invest in?: Early/growth-stage Indian startups via ESOP secondary transactions; sectors fintech, SaaS, AI, consumer and digital (Cat I AIF). Affiliated PMS is stage/sector-agnostic public-market value+growth investing.
What cheque size does IRONCLAD VENTURES AF TRUST write?: As compiled from public sources: INR 1-4 Cr per deal
How do I pitch IRONCLAD VENTURES AF TRUST 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.ironcladamc.com/; https://www.linkedin.com/company/ironclad-asset-management1