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Next Orbit Ventures
Ajay Jalan's Next Orbit Ventures targets $10B+ across five funds, spanning VC, PE, real estate, and a consortium building India's first analog chip fab.
Next Orbit Ventures
Next Orbit Ventures is a private equity firm based in Mumbai, India. It pursues a Venture Capital strategy and manages approximately $3 billion in assets. The firm has 5 staff, including 3 investment professionals.
General information
Firm type
Venture Capital
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Unit No. 2612, Parinee i, 7A Shah Industrial Estate, Near Yash Raj Studios, Andheri West, Mumbai – 400053, India
Principals
Ajay Jalan
Founder and Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Next Orbit Ventures?
Ajay Jalan serves as Founder and Managing Partner and is the primary decision-maker. The firm's website presents him as spearheading all target investments and key partnerships, including the semiconductor fab consortium. No other investment committee members are publicly named.
Is Next Orbit Ventures a single-family office or does it operate more like a venture firm?
Next Orbit Ventures is structured as a multi-asset fund manager, not a single-family office. It runs several SEBI-registered funds, including a venture capital fund and an alternative investment fund, and solicits commitments from external investors, including UAE-based backers.
Does Next Orbit Ventures participate in fund commitments or only direct deals?
The firm makes direct investments across asset classes. It has also launched dedicated funds, including a $750 million ESDM-focused fund and the Next Orbit Growth Fund III, in which external limited partners invest. There is no public indication that it operates as a fund-of-funds.
What is the ISMC analog fab project, and what is Next Orbit's role?
ISMC Analog Fab Pvt. Ltd. is a $3 billion semiconductor manufacturing project proposed for Karnataka. Next Orbit Ventures is the lead consortium partner. Ajay Jalan secured commitments for the project and contributed to the government's semiconductor incentive policy design.
Does Next Orbit Ventures maintain philanthropic structures?
There is no disclosed philanthropic vehicle or foundation associated with Next Orbit Ventures. The firm's public materials focus exclusively on its investment funds and the semiconductor manufacturing initiative.
What is Next Orbit Ventures' known posture on co-investments alongside external GPs?
The firm co-invests through structured consortiums, most notably the semiconductor fab project that involved government entities and international partners. Its joint venture with AMD also serves as a co-investment vehicle targeting AI and machine learning startups.
Which sectors does Next Orbit Ventures explicitly avoid?
The firm does not publish a formal exclusion list. Its stated focus areas are semiconductors, electronics, digital transformation, real estate, and debt. There is no public record of investments in biotech, consumer brands, or heavy industrials outside electronics.
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