However, indicating that investors wrote larger cheques for fewer companies, the number of deals fell sharply, dropping to 102 compared to 112 deals in the corresponding period last year
Karnataka IT Minister Priyank Kharge on Tuesday said the state government is investing Rs 600 crore in Deep Tech and AI and along with leading venture capital firms, it aims to create a joint fund of over Rs 1,000 crore to support start-ups in these sectors in the state. According to him, Karnataka is set to make a major push in emerging technologies during the first Future Makers Conclave on November 20 at the 28th edition of the Bengaluru Tech Summit here. "We are concentrating heavily on DeepTech and AI. For the first time, we are having the Future Makers Conclave where we have tied up with private venture capitalists, and together we are disbursing close to around Rs 1,100 crore on a single platform on November 20 to DeepTech startups," he told reporters here. According to officials, the Future Makers Conclave will be the flagship event of the summit and the launchpad where Karnataka shifts from "leapfrogging" to "pole-vaulting" into its DeepTech Decade. The conclave will have .
Hyderabad Angel Fund (haf.vc) on Thursday announced a Rs 100 crore venture capital initiative to back high-potential startups across the country in areas such as generative AI, gaming, spacetech, and drones. The fund plans to invest in 15-20 startups across emerging and high-growth sectors. On its radar are areas such as generative AI, gaming, SpaceTech, drones, HealthTech, consumer tech, FinTech, enterprise SaaS, and sustainability. "As India's early-stage investment landscape begins to rebound after a cautious 2024, Hyderabad Angel Fund (haf.vc) has announced a Rs 100 crore venture capital initiative to back high-potential startups across the country," the release said. The investments would typically range from Rs 2-4 crore per company, with reserves for follow-on rounds to support scaling ventures. "Haf.vc has already identified 3 potential startups with termsheet and completed investment in one," the Sebi-registered Venture Capital Fund said. Kalyan Sivalenka, Managing Direc
Maiden Fund I achieves more than 3x distribution to paid-in capital, establishing one of India's strongest early-stage track records
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With an estimated corpus of $25 million, the VC firm plans to invest in 45-50 startups over the next three years in sectors like consumer-tech, artificial intelligence, and deeptech
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India-focused fund attracts investors from Korea to Hong Kong as venture funding hits multi-year lows
Among the recent exits are cloud telephony provider Exotel, where Artha clocked a 114x return, and investment platform Lightyear, which yielded 20x returns
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Venture Capital firm Atomic Capital on Tuesday announced the final closure of its Rs 400 crore maiden fund, which it plans to invest in early-stage consumer startups over the next 2-3 years. With an average first cheque size of Rs 10 to 30 crore, the fund aims to build a curated portfolio of 10-12 companies, with a portion of the corpus reserved for follow-on investments, a company statement said. "Early growth investment fund Atomic Capital has announced the final close of its maiden fund with a corpus of over Rs 400 crore, focused on early growth-stage Indian consumer, consumer-tech, and consumer-enabler startups. "This is one of the largest debut funds dedicated to fuelling India's next wave of consumer growth," the statement said. The fund would be investing in early growth stage Indian consumer, consumer-tech, and consumer-enabler startups in sectors spanning food and beverages, nutraceuticals, personal care and beauty, jewellery, apparel and footwear, pet care, travel and ...
Fund targets space, defence, and AI companies as firm bets on India's 'sovereign tech' capabilities amid global supply chain shifts
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Mitigata, a cyber resilience startup, has secured $5.9 million in Series A funding to expand its integrated platform that combines cybersecurity, compliance, and insurance for India's digital economy