Industrial 47 — Industrial 47 | Wisefolio

Industrial 47

Cat II · Managed by Industrial 47

Backing the forerunners of India's Industrial Revolution

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

Industrial 47 (IN/AIF2/25-26/1868) is a SEBI-registered Category II AIF registered July 2025, managed by Industrial 47 Ventures Private Limited (manager legal entity pending MCA confirmation). Industrial47 is a Bengaluru-based pre-seed venture builder targeting India's deeptech industrial revolution — specifically in national security, space infrastructure, and strategic energy. The fund aims to 'Create $10 Billion in value in Indian Deeptech, this decade.' It is led by Maj Rahul Seth (Indian Army Infantry Officer/Reserves; ex-Antler VC India Director). Portfolio companies have raised $250M+ in follow-on capital. The SEBI registration address is 801, Pampess Heights Model Town Society, Gulmohar Cross Road No. 8, Juhu, Mumbai – 400049 (Rahul Seth's residential address). The website and operational office reference is Bengaluru.

Investment philosophy

Industrial47 believes that Indian engineers are no longer just coding software — they're designing satellites, building robots, revolutionising agriculture, reimagining defence, and rethinking energy. The fund backs companies with dual-use technologies that serve both commercial and national security needs, at the intersection of national security, space, and energy. Industrial47 employs a venture builder model: 'We find, fund, and scale' — taking a hands-on, roll-up-your-sleeves approach as seasoned operators. The fund is pre-seed stage, writing cheques of $500K–$1.5M in India. Cheque size and thesis overlap with IndusVridge Ventures Trust (also registered 2025, also dual-use focused) though portfolios differ.

Team2

Maj Rahul Seth

Founder; SEBI Contact Person

Rahul serves as a Major with the Indian Army Reserves and won the 2023-24 Indian Army Innovation competition. He was the Scouting Director at Antler VC's India office, made 40+ investments during this time period. He has built 2 startups in the Financial Technology domain, along with being an early employee at an edtech start up. He's an alumnus of BITS Pilani and the Indian Military Academy, Dehradun.

Lt. Gen. AK Bhalla

Advisor

Lt. Gen. AK Bhalla is a former Director General, Defence Intelligence Agency, and serves as an Advisor to Industrial47.

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF2/25-26/1868

RegisteredJul 2025 (1 year ago)

Valid untilPerpetual

Contact personRahul Seth

Address801 Pampess Heights Model Town Society, Gulmohar Cross road no 8 Juhu, Mumbai, Maharashtra, 400049

Investment manager

Insights

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Disclaimer

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