Udtara Ventures announces Rs 250 Cr Growth Fund

Udtara Ventures has announced Rs 250 crore Udtara Growth Fund, structured to take meaningful ownership stakes and work closely with founders to build defence, deep-tech, and frontier engineering companies of global relevance.

The fund will invest in 8 to 10 growth stage companies developing patented, commercially deployable technologies across defence, aerospace, and dual-use domains. The fund is focussed to invest in forward looking companies, having an established PMF and a confirmed order book, looking for a mix of Equity and Debt to scale efficiently. 

According to Udtara, it will operate as a long-term partner, actively contributing its operating expertise, industry relationships, and execution capabilities across manufacturing readiness, supply-chain development, regulatory alignment, and global market access. 

Udtara Ventures says that it will support portfolio companies from experimentation and prototyping stage to global expansion, leveraging its network of domain experts, industrial partners, and international distribution channels. The fund’s objective is to build enduring, mission-critical companies, while creating long-term value for founders and investors, anchored in technology originating from India.

Launched in 2019 by Ankit Lakhotia, Udtara Ventures is a Delhi-based venture capital firm and multi-family office that specializes in seed and Series A investments for high-growth, technology-enabled Indian startups. Backed by a conglomerate with more than 5 decades of experience, it invests in sectors like Fintech, Edtech, SaaS, and Consumer Goods. The firm’s portfolio includes investments in companies like Eql, Junio and others.