India, Sept. 30 -- Investment firm Ironclad Asset Management has launched INR 200 Cr ($22.5 Mn) ESOP-focused fund Ironclad Ventures to provide liquidity to employees in the Indian startup ecosystem.

In a statement, the asset management company said that its Cat-I AIF fund Ironclad Ventures would comprise a base corpus of INR 100 Cr ($11.3 Mn) along with a INR 100 Cr green shoe option.

It plans on executing 30-40 secondary transactions in a range of INR 1-4 Cr in startups across segments like fintech, consumer, SaaS and AI. These investments would be executed through company-led periodic liquidity programs.

Ironclad's founder and CEO Krishna Killa told Inc42 that the fund would enable employees to partially liquidate vested ESOPs in the...