Udtara Growth Fund: Rs 250 Crore for Strategic Investments

Udtara Growth Fund is a newly introduced fund of Rs 250 crore, designed to acquire significant ownership stakes and collaborate closely with founders to develop defence, deep-tech, and advanced engineering companies with global importance. The fund intends to invest in about 8 to 10 growth stage firms that are focused on creating patented, commercially viable technologies in the defence, aerospace, and dual-use sectors.

Investment Focus of Udtara Growth Fund

The Udtara Growth Fund prioritizes investments in forward-thinking companies that have established product-market fit and a confirmed order book. These companies are typically seeking a blend of equity and debt to facilitate efficient scaling. Udtara Ventures envisions itself as a long-term ally, significantly adding value through its operational expertise, industry contacts, and execution strengths in areas such as manufacturing readiness, supply chain development, regulatory compliance, and access to global markets.

Supporting Companies for Long-Term Success

Udtara Ventures aims to assist portfolio companies from their experimental and prototyping phases to their expansion on a global scale. The fund will utilise its extensive network of domain specialists, industrial partners, and international distribution channels. The objective is to construct lasting, mission-critical companies while generating long-term value for both founders and investors, all rooted in technology developed in India.

About Udtara Ventures

Founded in 2019 by Ankit Lakhotia, Udtara Ventures is a venture capital firm based in Delhi that also operates as a multi-family office. The firm focuses on seed and Series A investments in high-growth, technology-driven Indian startups. With backing from a conglomerate boasting over 50 years of experience, Udtara Ventures invests in sectors such as fintech, edtech, SaaS, and consumer goods. Notable investments include companies like OneStack and Glamyo Health.