Speciale Invest launches Rs 1,400 crore fund for deeptech startups

Chennai-based deeptech venture capital firm Speciale Invest has launched its Rs 1,400 crore Growth Fund II to back early-stage startups. The fund said it aims 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.

Vishesh Rajaram, founding partner at Speciale Invest, said that while more investors are entering the deeptech ecosystem, most remain focussed on the early stages with small cheque sizes. “India does not have a deeptech problem…