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SBI Ventures
SBICAP Ventures is an alternative asset management company founded in 2005 in Mumbai, India. It manages a portfolio of large funds, funds of funds, and...
SBI Ventures
SBICAP Ventures is an alternative asset management company founded in 2005 in Mumbai, India. It manages a portfolio of large funds, funds of funds, and impact-focused funds in sectors such as residential real estate, MSMEs, and sustainable development. The company has made 8 investments, including a November 03, 2025, investment in Hygenco as part of their Seed VC - II.
General information
Firm type
Venture Capital
Year founded
2005
AUM
INR 30,000 Cr (US$ 3.5 bn) (per the firm, 2026)
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
A Wing, 12th Floor, Marathon Futurex, Mafatlal Mills Compound, N.M.Joshi Marg, Lower Parel, Mumbai 400013, India
Principals
SBI Ventures Limited board
Board of Directors (unnamed on website)
Sector focus
Frequently asked questions
Who makes the investment decisions at SBI Ventures?
The firm operates distinct governance structures per mandate. The SWAMIH Investment Fund I relies on an independent investment committee for all investment and divestment approvals. For Neev Funds and the fund-of-funds vehicles, the investment management team at SBI Ventures Limited — guided by its Board of Directors and corporate governance apparatus — executes decisions. The firm has not publicly named a single CIO or CEO on its website as of mid-2026.
Is SBI Ventures a single-family office or an institutional asset manager?
It is an institutional asset manager, wholly owned by State Bank of India. The firm acts as the investment manager for pooled funds rather than stewarding a single family's wealth. Its limited partners include domestic and global institutions, not an individual family group.
Does SBI Ventures make direct investments or only fund commitments?
Both. The Neev Funds and SWAMIH Investment Fund I make direct investments — Neev in operating SMEs and SWAMIH in stalled real-estate projects. Separately, the fund-of-funds platform allocates capital as a limited partner into other Indian alternative funds, giving it exposure to secondaries and special situations.
How does SBI Ventures source proprietary deal flow?
Proprietary access stems from the State Bank of India ecosystem: the parent bank's nationwide branch network, corporate banking relationships, and loan-recovery processes surface SME and distressed-asset opportunities that outside managers rarely see. The SWAMIH platform, designed in coordination with the government, funnels a pipeline of qualifying stalled housing projects directly to the fund.
What was the Neev Funds launch and why does it matter structurally?
Neev Funds was conceptualized and launched in 2015 by Indian Prime Minister Narendra Modi and his then-UK counterpart David Cameron. This prime-ministerial endorsement signals that the vehicle functions as a bilateral policy instrument for SME and ESG investment, not merely a commercial venture fund (per the firm, 2026).
Does SBI Ventures maintain philanthropic or impact-specific structures?
Yes. The Neev Funds platform carries an explicit ESG and impact mandate focused on sustainably growing India's SME ecosystem. The firm also maintains a Corporate Social Responsibility committee at the board level, separate from investment operations.
What is SBI Ventures’ known posture on co-investments alongside external GPs?
The fund-of-funds business inherently co-invests as an LP into third-party-managed funds. For direct platforms like Neev and SWAMIH, the firm acts as the primary investment manager and has not publicly described a separate co-investment program open to external GPs on its website.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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