Speciale Invest floats Rs 1,400 Cr fund to back deep-tech startups

Deep-tech venture capital firm Speciale Invest has launched a Rs 1,400 crore Growth Fund II to back early-stage startups. The fund aspires to address a critical gap in India’s deeptech funding ecosystem for startups which have moved beyond technology validation, but are yet to build predictable revenues.

The fund will back 12-15 startups with average investments of $5-8 million, to go from the stage where the technology is ready to be implemented, to becoming a commercially sustainable business. For this fund, it expects a more institutional LP…