 "Manu Iyer")
Deep-tech investor Bluehill VC is targeting the final close of its first fund of ₹350 crore by the end of this calendar year, said its co-founder and general partner Manu Iyer.
The Chennai-headquartered investor, which received Securities and Exchange Board of India approval in May 2024, announced its first close of ₹80 crore in August that year, and has so far raised ₹225 crore. It has completed three investments in line with its plans to invest in four to five companies each year. The company aims to invest in 16-20 companies with an average ticket size of $1-$1.5 million over
