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Deeptech investment firm Speciale Invest said its Fund III was oversubscribed, closing at Rs 600 crore against a target of Rs 500 crore. The new fund will invest in sovereign tech and globally scalable intellectual property (IP) from India.
The Chennai-based venture capital (VC) firm said it will back 18-20 early-stage deeptech startups in sectors such as artificial intelligence (AI) infrastructure, spacetech, climatetech, quantum systems, advanced manufacturing, and dual-use defence. The initial ticket sizes will range from Rs 7 to Rs 10 crore, with…
