Investing in DeepTech: StartupXseed Ventures, announces Rs 200 Crore Fund

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Building on the track record, Fund II will invest Rs three crore to Rs 10 crore per round in emerging deep tech start-ups from SaaS to SpaceTech including the areas of Cyber Security, Silicon IP, HealthTech, FinTech, AgriTech and AI/ML

StartupXseed Ventures, announces a Rs 200 Cr Fund II, focussed at investing in Deep Tech, B2B focussed companies, from seed to early growth stages. The Fund announced its first closing with Rs 65 Crores of commitments from existing & new LPs and plans to complete the fund raise in next six to nine months.

“In the Fund II, we will continue to focus on Deep Tech companies with capital efficient business models. Our strategy has worked out very well in the Fund I and is reflected in the performance. Over these years, we have built a team, quality deal flow network, deal evaluation framework, post investment hand-holding and demonstrated exits,” said B.V. Naidu, Managing Partner, StartupXseed.

Already invested in 12 Deep Tech startups

Founded by B. V. Naidu (Former Director STPI) and Ravi Thakur, along with Mohandas Pai (through Aarin Capital), V. Balakrishnan and other like-minded leaders from the industry, the fund has found its niche in investing into 12 Deep Tech, disruptive companies and also exited three investments. Fund – I returned 35 per cent of principal much before it had completed final draw down and investment cycle. The Investor base includes successful Tech Entrepreneurs, HNI’s and Family offices.

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T.V. Mohandas Pai said, “StartupXseed has found its niche and unique positioning amongst venture funds. It will continue to build on its Fund I performance. India is today at the cusp of building technology innovations and start-ups are at the core of it playing a pivotal role and Venture funds like StartupXseed catalyses the growth of these start-ups.”

The Fund I investments include Aarav Unmanned Systems (AUS), AIBono, Anlyz, AlphaIC, Bellatrix, CloudSEK, DarwinBox, ShieldSquare, Siliconch Systems, Singularity Dynamics, SmarterBiz and Steradian Semiconductors. Building on the track record, Fund II will invest Rs three Crores to Rs 10 crores per round in emerging deep tech start-ups from SaaS to SpaceTech including the areas of Cyber Security, Silicon IP, HealthTech, FinTech, AgriTech and AI/ML.

Ravi Thakur, Co-founding Partner, StartupXseed, said, “We have been investing into good companies even during the COVID–19 and the horizon is looking good for investment with much advanced technologies being developed locally. With this new landscape, Fund II will continue the momentum to find exceptional leaders working on the greatest of ideas.”

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