VC fund (Cat I) · SEBI registry
ONGC Start-up Fund
Growth (Series C+) · Climate & Clean energy · New Delhi
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Climate & Clean energy
- City
- New Delhi
- HQ / office
- Vasant Kunj, New Delhi
- Fund registered
- 2018
- Investments on record
- 3
- Corpus (as reported)
- ~Rs 100-101 crore corpus (ONGC Rs 100 Cr + MRPL Rs 1 Cr); ~Rs 88 Cr invested/committed (2025)
- Website
- ongc.co.in
About
The corporate venture / strategic startup fund of Oil and Natural Gas Corporation Ltd (ONGC), India's largest oil & gas PSU. Launched 2016 (Rs 100 Cr), registered as a SEBI Category-I AIF trust in 2019; invests in energy and cleantech startups. ONGC has announced a planned successor ~Rs 200 Cr AIF for energy/AI startups.
Investment focus
Early/growth-stage startups in oil & gas, energy, cleantech and allied deep-tech (corporate/strategic VC of ONGC)
Cheque size
Up to INR 5 Cr per startup (milestone-linked tranches)
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category I — reported as “Cat I”
- IN/AIF1/18-19/0654
SIDBI Fund of Funds
Yes — the fund IS a Government of India CPSE vehicle: sponsored and managed by Oil & Natural Gas Corporation Ltd (ONGC, a Maharatna PSU), with subsidiary MRPL as co-contributor; SEBI-registered Cat I AIF backing energy/clean-tech startups (startup.ongc.co.in)
Notable portfolio
Chakr Innovation; String Bio; Planys Technologies
Team & organisation
Government CPSE-sponsored single-fund trust; SEBI Category I AIF (registered 19 Mar 2019). ONGC is both sponsor and Investment Manager; total corpus INR 101 Cr (ONGC INR 100 Cr + MRPL INR 1 Cr). A new ~INR 200 Cr Cat I AIF for energy/AI/deeptech startups is planned
Connect through iHub India
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Frequently asked
- What does ONGC Start-up Fund invest in?
- Early/growth-stage startups in oil & gas, energy, cleantech and allied deep-tech (corporate/strategic VC of ONGC)
- What cheque size does ONGC Start-up Fund write?
- As compiled from public sources: Up to INR 5 Cr per startup (milestone-linked tranches)
- How do I pitch ONGC Start-up 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
- ⚑ Corporate/strategic (PSU) venture fund, not an independent VC
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://startup.ongc.co.in/web/ongcstartup/startup-fund; https://ongcindia.com/documents/77751/2660534/EOIONGC-Advisor.pdf