Get All Access for $5/mo

Speciale Invest Launches INR 200 Cr Fund for Deep Science & Enterprise Tech Startups The VC firm has made an initial investment of INR 100 crore post receiving approval from SEBI to provide series A and above funding to high-potential technology startups

By Soumya Duggal

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

freepik

Speciale Invest, a venture capital firm focused on early-stage investments in deep science and enterprise technologies, has launched the Speciale Invest Growth Fund I with an initial investment of INR 100 crore post receiving approval from SEBI to provide series A and above funding to high-potential technology startups.

Founded in 2017 by Vishesh Rajaram and Arjun Rao, who have invested in pioneering deep-science and tech companies, including Ultraviolette, Agnikul Cosmos and Uravu Labs, Speciale Invest focuses on emerging technology areas such as SpaceTech, Aerospace, Green Hydrogen, Robotics, Batteries, Quantum Tech, AI led SAAS, Dev tools, Data Infrastructure, and Large Language Model (LLM) Applications/Infrastructure, amongst others.

"Deep science and enterprise technologies have the power to revolutionize industries and solve some of the world's most pressing problems. At Speciale Invest, we are proud to support and nurture the next generation of innovative startups that are driving this change forward. Our newly launched Growth Fund I is a testament to our commitment to investing in high-potential technology startups, and we look forward to working closely with founders building for the world from India," said Vishesh Rajaram, Managing Partner at Speciale Invest.

In 2018, Speciale Invest raised its first fund of INR 60 crore, which backed 18 companies with an average deal size of sub-USD 0.5 million and scored five early exits, states the company. In April 2022, it announced the final close of its second fund at INR 300 crore, with plans to invest in more than 20-22 early-stage companies through pre-seed and seed rounds. The average cheque size ranged from USD 500,000 to USD 1 million, claims the company.

Soumya Duggal

Former Feature Writer

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Leadership

I've Spent 37 Years in Business — Here's How I Beat the Odds and Stayed Ahead

For over thirty years, I have led a successful media production and communication consulting company. Only 25% of new businesses survive for 15 years or more, so I have beat the odds. But having staying power is not a matter of luck.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Operations & Logistics

The Holidays Mean Vacation Time — But Disaster Can Still Strike. Is Your Crisis Plan Ready?

Holidays mean different working hours for companies and different schedules for employees that take off. Before you and your team enjoy some much deserved time off, it is important to put a crisis management plan in place so your business is ready to tackle any issue that crops up.

News and Trends

growX Ventures Launches Fund II with a Target Corpus of INR 400 Cr

Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.