VC fund (Cat II) · SEBI registry
UK India Development Cooperation Fund
Early stage (Pre-Series A) · Climate & Clean energy · Mumbai
At a glance
- Stage focus
- Early stage (Pre-Series A)
- Primary sector
- Climate & Clean energy
- City
- Mumbai
- HQ / office
- New Delhi (manager SBI Ventures Ltd, Mumbai/Delhi)
- Fund registered
- 2020
- Corpus (as reported)
- Target up to GBP 500 million; 25-year term (anchored by UK Government and SBI Ventures)
- Website
- sbiventures.co.in
- Profile ↗
About
A SEBI Cat II AIF fund-of-funds set up under the UK-India 2030 Roadmap, with commitments from the UK Government and SBI Ventures Limited (formerly SBICAP Ventures Limited), which is the fund manager. It invests in underlying Indian AIFs targeting sustainable, impact and SDG-aligned sectors rather than direct companies.
Investment focus
Fund-of-funds: commits to SEBI Cat I & II AIFs investing in climate, clean energy, startups, emerging tech, urban infrastructure, green/impact businesses (UK-India development cooperation)
Cheque size
Fund-of-funds: invests at the AIF-fund level (commits into SEBI Cat I/II AIFs) rather than direct startup cheques; specific commitment size per AIF not publicly disclosed
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/20-21/0849
SIDBI Fund of Funds
Yes — Government of UK (via FCDO) is a Limited Partner; the other LP is SBI Ventures Ltd (a wholly owned subsidiary of State Bank of India). Aligned to UK-India 2030 Roadmap. SEBI Cat II AIF Reg. IN/AIF2/20-21/0849. (Source: SBI Ventures UKIDCF page; FCDO DevTracker)
Team & organisation
Not separately disclosed; managed by SBI Ventures Ltd (SBI subsidiary, ~USD 3.5 Bn AUM across funds)
Category II AIF, fund-of-funds structure; manager SBI Ventures Ltd (Government/SBI-owned); two LPs (UK Govt + SBI Ventures)
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Frequently asked
- What does UK India Development Cooperation Fund invest in?
- Fund-of-funds: commits to SEBI Cat I & II AIFs investing in climate, clean energy, startups, emerging tech, urban infrastructure, green/impact businesses (UK-India development cooperation)
- What cheque size does UK India Development Cooperation Fund write?
- As compiled from public sources: Fund-of-funds: invests at the AIF-fund level (commits into SEBI Cat I/II AIFs) rather than direct startup cheques; specific commitment size per AIF not publicly disclosed
- How do I pitch UK India Development Cooperation 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
- ⚑ foreign-linked (UK Govt anchor); fund-of-funds / development-finance vehicle, not a direct startup VC. Registry email is the SBICAP (parent SBI Capital Markets) domain; actual manager site is sbiventures.co.in.
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://sbiventures.co.in/funds-managed/ukidcf/; https://sbiventures.co.in