# SBI Ventures

SBI Ventures is a Venture Capital based in Mumbai, India.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** A Wing, 12th Floor, Marathon Futurex, Mafatlal Mills Compound, N.M.Joshi Marg, Lower Parel, Mumbai 400013, India
- **Founded:** 2005
- **Assets under management:** INR 30,000 Cr (US$ 3.5 bn) (per the firm, 2026)
- **Website:** sbiventures.co.in
- **LinkedIn:** https://in.linkedin.com/company/sbiventures

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Financial Services
- Real Estate
- SME & Impact

## People

- SBI Ventures Limited board — Board of Directors (unnamed on website)

## 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.

### 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).

### 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.

## Related profiles

- [SBI Capital Markets](https://altss.com/profile/sbi-capital-markets)
- [SBI E2-Capital Securities](https://altss.com/profile/sbi-e2-capital-securities)

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Last updated: 2026-06-03T20:00:00.000Z

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