A Rs 400 crore deeptech fund has been established by Java Capital to invest in seed-stage companies developing technology companies driven by intellectual property.
Key Highlights
- Java Capital has unveiled a ₹400 crore early-stage fund aimed at nurturing India’s deeptech startup ecosystem.
- The fund will focus on backing innovative ventures at the seed stage across emerging technology sectors.
Businesses in industries like semiconductors, aerospace, defense, cybersecurity, artificial intelligence (AI) infrastructure, robotics, advanced manufacturing, energy, climate technology, and synthetic biology will be supported by the fund.
Over the following three to four years, the new fund intends to invest in 15 to 20 businesses and offers a Rs 150 crore greenshoe option. Java Capital will set aside funds for subsequent investments through later phases and anticipates writing initial checks in the range of Rs 6–8 crore.
Also Read: Adani Energy Secures Japanese Funding for 6,000 MW Green Corridor
Startups that have tenable technological moats and lengthy product development cycles are the focus of Java Capital. The company wants to work early on with Indian innovators who are creating globally significant deeptech businesses.
Early-stage, tech-led firms in fields like robots, enterprise software, AI infrastructure, space and aerospace, and advanced engineering are part of the firm's current portfolio. Java Capital usually supports businesses in their seed stage and collaborates closely with entrepreneurs on hiring, product development, and international market access.