ONGC Start-Up Fund — ONGC Start-up Fund | Wisefolio

ONGC Start-Up Fund

Cat I · Managed by ONGC Start-up Fund

Fostering Innovation in India's Energy Sector

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

ONGC Start-Up Fund is a SEBI-registered Category I Alternative Investment Fund managed directly by Oil and Natural Gas Corporation Limited (ONGC), India's largest crude oil and gas exploration and production company. The fund was launched on 14 August 2016 — ONGC's Diamond Jubilee year — as a corporate venture capital initiative to foster, nurture, and incubate innovative ideas in the energy sector. ONGC serves as both the sponsor and the Investment Manager of the fund, which is structured as a trust under the Indian Trust Act, 1882, with a total corpus of INR 101 crore (ONGC: INR 100 crore, MRPL: INR 1 crore). The fund is aligned with the Government of India's Startup India initiative and focuses exclusively on startups in the oil, gas, and energy sectors. ONGC partnered with SINE (Society for Innovation and Entrepreneurship) at IIT Bombay as its incubation partner. The fund provides not only seed capital but also the full support chain — hand-holding, mentoring, market linkage, and follow-up. Portfolio companies include Vayuguard Climate Tech, Sagar Defence Engineering, String Bio, WellRx Technologies, and Pepfuels, spanning energy, deep-tech, specialty chemicals, and cleantech.

Investment philosophy

ONGC Start-Up Fund supports innovative ideas, products, processes, and services aimed at increasing the contribution of fresh, implementable ideas in the oil, gas, and energy sector. The fund provides the full support chain including seed capital, incubation, mentoring, and market linkage. It is committed to supporting entrepreneurship among India's youth and fostering business start-ups in the energy sector that align with the Startup India mission.

Team1

Anurag Sharma

SEBI Contact Person, ONGC Start-Up Fund

Anurag Sharma is the SEBI-registered contact person for the ONGC Start-Up Fund. He is an ONGC employee and can be reached at sharma_anurag@ongc.co.in.

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF1/18-19/0654

RegisteredMar 2019 (7 years ago)

Valid untilPerpetual

Contact personAnurag Sharma

AddressOil and Natural Corporation Limited, Plot No 5A 5B, Nelson Mandela Road, Vasant Kunj, Delhi, National Capital Territory Of Delhi, 110070

Investment manager

Insights

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Disclaimer

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