BizDateUp Secures SEBI Approval for Launching Category II AIF, Pulse Fund I
BizDateUp has received approval from SEBI to launch its first Category II AIF, Pulse Fund I, with a target commitment of Rs.1,000 crore. The fund will focus on high-growth startups, SMEs, and select real-estate equity opportunities.
SebiAifStartupsSmesRealestate EquityReal EstateSep 08, 2025
Pulse Fund I is a close-ended Category II AIF with a target commitment of Rs.1,000 crore (USD115 Mn). The fund comprises a base capital of Rs.500 crore and a green-shoe option of another Rs.500 crore. This robust capital structure is designed to provide the necessary financial muscle to support a diverse range of investment opportunities.
The fund will deploy capital across high-growth startups, small and medium enterprises (SMEs), and select real-estate equity opportunities. Specifically, Pulse Fund I will allocate 50% of its capital to startups, 30% to SMEs, and 20% to real-estate equity. This strategic allocation aims to balance growth potential with portfolio stability, ensuring a well-diversified investment approach.
Pulse Fund I has a 10-year tenure, with the option to extend it by an additional 2 years. The fund's strategy is to combine the growth potential of startups and SMEs with the stability of real-estate equity, creating a balanced and resilient investment portfolio.
The fund will focus on high-impact sectors such as Artificial Intelligence (AI), Software as a Service (SaaS), FinTech, HealthTech, DeepTech, Electric Vehicle (EV) Mobility, Defense, Gaming, Aerospace, Green Energy, and Regulatory Technology (RegTech). A particular emphasis will be placed on supporting entrepreneurs in Tier-II and Tier-III cities, fostering regional economic growth and innovation.
Jeet Mukesh Chandan, Group Managing Director of BizDateUp, expressed his vision for the fund: “India was once known as the golden bird, and I want to see it shine even brighter in this century. Pulse Fund I is just the first step in that journey—proof that vision and execution can move a nation. We already have strong commitments from High Net Worth Individuals (HNIs) and leading family offices, reflecting the trust in our vision and strategy.”
Meet Jain, Group CEO & Co-Founder of BizDateUp, added: “We are matching patient capital with hands-on mentorship so founders can scale faster and smarter—with sustainable cash flows and clear exit pathways.”
BizDateUp is committed to supporting the growth and success of Indian entrepreneurs and businesses. Pulse Fund I represents a significant step towards achieving this goal, providing much-needed capital and strategic support to promising ventures in various sectors.
With a strong focus on high-impact sectors and a balanced investment approach, Pulse Fund I is poised to make a meaningful contribution to the Indian economy, fostering innovation and economic growth in the years to come.
Frequently Asked Questions
What is Pulse Fund I?
Pulse Fund I is a Category II Alternative Investment Fund (AIF) launched by BizDateUp with a target commitment of Rs.1,000 crore. It focuses on investing in high-growth startups, SMEs, and select real-estate equity opportunities.
What is the allocation strategy of Pulse Fund I?
Pulse Fund I will allocate 50% of its capital to startups, 30% to SMEs, and 20% to real-estate equity. This allocation aims to balance growth potential with portfolio stability.
Which sectors will Pulse Fund I focus on?
Pulse Fund I will focus on high-impact sectors such as AI, SaaS, FinTech, HealthTech, DeepTech, EV Mobility, Defense, Gaming, Aerospace, Green Energy, and RegTech.
How long is the tenure of Pulse Fund I?
Pulse Fund I has a 10-year tenure, with the option to extend it by an additional 2 years.
Who are the key figures behind Pulse Fund I?
The key figures behind Pulse Fund I are Jeet Mukesh Chandan, Group Managing Director of BizDateUp, and Meet Jain, Group CEO & Co-Founder of BizDateUp.
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