ICICI Venture

ICICI Venture is a pioneer in the Indian alternative asset management industry, established in 1988 as a wholly owned subsidiary of ICICI Bank, India's largest private sector financial services group. Headquartered at ICICI Venture House in Prabhadevi, Mumbai, the firm manages approximately $2 billion in current assets under management and has deployed over $6 billion across 600-plus businesses in India since inception. Managing Director and CEO Puneet Nanda, who joined in June 2020, leads a team of 67 people including 17 partners. ICICI Venture migrated from early-stage VC investments to late-stage transactions in 2002 and now focuses on buyouts, growth equity, mezzanine financing, infrastructure, and real estate. Average deal sizes are in the $10 to $50 million range. The active portfolio encompasses 106 companies as of January 2026. The firm has achieved 34 IPOs, including Star Health and Allied Insurance, DCB Bank, and TeamLease. It has also completed 20 acquisitions and 27 portfolio exits. The most recent exit was Theobroma in July 2025, and the latest investments include Arteria and Innovist. ICICI Venture leads rounds and invests across pharmaceuticals, IT, media, manufacturing, logistics, textiles, real estate, healthcare, financial services, and infrastructure. Exit strategies include IPOs, trade sales to strategic Indian and global buyers, capital market transactions, and buybacks. The firm's institutional heritage, parent bank relationships, and multi-decade presence across every major Indian industry give it unparalleled deal access and the ability to facilitate complex cross-border transactions for portfolio companies seeking to scale globally.