Java Capital Launches Third Fund with INR 400 Cr Target for Deeptech Startups The fund plans to invest in around 15–20 startups, with initial cheque sizes in the range of INR 6–8 crore, while setting aside capital for follow-on rounds.
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Java Capital has announced the launch of its third fund, an INR 400 crore vehicle focused on investing in seed-stage deeptech startups.
The fund will support early-stage companies building intellectual property–led technology businesses, with a focus on long-term product development and defensible technology.
The fund includes a greenshoe option of INR 150 crore and plans to invest in around 15 to 20 startups over the next three to four years. Initial investments are expected to be in the range of INR 6–8 crore per company, with additional capital reserved for follow-on rounds as startups scale.
Java Capital plans to back startups across a wide range of sectors, including semiconductors, aerospace and defence, cybersecurity, artificial intelligence infrastructure, robotics, advanced manufacturing, energy, climate technology, and synthetic biology.
Founded by Vinod Shankar and Bhargavi Vijayakumar, Java Capital operates with a cross-border presence between India and the US. According to the firm, this structure allows portfolio companies to access customers, talent, and capital across both markets.
The firm focuses on startups with longer development cycles and aims to work closely with founders from an early stage. Its current portfolio includes technology-driven startups such as Agnikul, Lightspeed Photonics, Eplane, Cynlr, Okulo Aerospace, Oorja Energy, and Healium, spanning areas like space technology, robotics, AI infrastructure, and advanced engineering.
