Deeptech VCs spot big funding momentum on government, geopolitical push

Indian deeptech funds such as Speciale Invest, Ideaspring and Mela Ventures are raising fresh funds to step up investments as more companies come in this space on the back of government initiatives, favourable geopolitical landscape and rapid technological advancement.

ET has learnt that Java Capital is looking to up their fund size from Rs 50 crore to Rs 250 crore while Bharat Innovation Fund (BIF) is looking to raise $150 million, or about Rs 1,290 crore, for its second fund, according to media reports.

Navam Capital is raising its maiden fund of $30…