360 ONE Asset Touts $2.1 Billion Exits to Attract Fresh Funds

As global and domestic investors pour fresh money into India's private equity (PE) and venture capital (VC) scene, one of the country's largest homegrown platforms is leaning on a strong exit record to fuel its next phase.

- Mansi Verma

360 ONE Asset has returned $2.1 billion to its limited partners through recent exits, chief investment officer and head of VC & PE business Sameer Nath told Mint.

The firm's exits include initial public offerings (IPOs) such as Bikaji Foods International Ltd, Computer Age Management Services Ltd (CAMS), ICICI Lombard General Insurance Co. Ltd, Protean eGov Technologies Ltd, Northern ARC Capital Ltd, Policybazaar parent PB Fintech Ltd and Swiggy Ltd, alongside private deals like Leap India's sale to KKR, Ustraa's acquisition by VLCC, Pickrr's acquisition by Shiprocket, and Multiples' investment in Kogta Financial.

The $2.1 billion in distributions was made over the past 6-7 years, though 360 ONE did not disclose the internal rate of return on these exits.