Asiana Fund JC Capital ₹1,000 crore advanced manufacturing fund India
Asiana Fund, the investment platform of the Dani family office, has partnered with Taiwan-based JC Capital to launch a ₹1,000-crore fund focused on backing India’s next generation of advanced manufacturing companies.
The Asiana-JCC Advanced Manufacturing & Innovation Fund comprises a ₹600-crore corpus and a ₹400-crore greenshoe option. It will target 12–15 growth-stage companies across advanced manufacturing, robotics, semiconductors, computing, materials, aerospace and defence.
Connecting Indian start-ups
The fund will seek to connect Indian start-ups with Taiwan’s established supplier, manufacturer and technology ecosystem, including access to component sourcing, technology partnerships and potential joint ventures.
JC Capital’s Founder and Managing Partner, Jim Che, said 80 per cent of its limited partners are corporates, providing potential links to Taiwanese companies and industrial networks.
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The fund plans to make initial investments of ₹30–50 crore in companies and reserve capital for follow-on rounds. Rather than funding companies at the research-and-development stage, it will focus on early-growth businesses with a clear path to commercialisation. The fund has an eight-year life with a two-year extension.
“Capital shouldn’t be a constraint,” said Jalaj Dani, Founder and Sponser, Asiana Fund, highlighting the need for Indian companies to build and protect IP, achieve product-market fit and compete globally on both technology and cost.
Asiana has deployed more than $75 million across 11 investments since 2017 and has previously invested in areas including robotics, drone technology, clean technology and medtech.
The fund expects exits through strategic buyouts, secondary transactions and other routes as India’s venture-capital ecosystem matures.
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