Speciale Invest raises ₹286 crore, to focus on deep-tech and SaaS
The Hindu
The fund has backed start-ups such as Agnikul, The ePlane Company, CynLr, Qnu Labs
Speciale Invest, a seed-stage VC investing in deep science and enterprise technologies, has announced its second fund’s final closure at ₹286 crore.
The second fund has been oversubscribed twice the amount announced during the fund’s launch, which was ₹140 crore.
In April 2021, the company had announced their second fund to be a corpus of around ₹100 crore, but this got oversubscribed. The fund, which has backed start-ups such as Agnikul, The ePlane Company, CynLr, Qnu Labs, GalaxEye Space, Wingman, StreamAlive, Airboxr, Trainn, Uravu Labs, among others, will look to invest in 20 plus early-stage start-ups through pre-seed and seed rounds with the average cheque sizes ranging from US$ 100,000 to US$ 1 million.
Speciale is focused on investing in start-ups building enterprise software products including SAAS, developers tools and frontier technologies including climate, advanced materials, space tech, robotics, photonics, alternative energy, to name a few in India well as some parts of Asia. It had raised its first fund in 2018 and invested in 18 start-ups so far, with an average deal size of sub US$ 0.5 million.
Vishesh Rajaram, managing partner at Speciale Invest, said, “The oversubscribed closure of our second fund reaffirms the opportunity ahead for DeepTech in India and our commitment towards working with entrepreneurs to solve hard technology problems for the world from India.”
“We will continue to partner with early-stage founders who have unique and deep insights into their vision and have products and tech that will make the world simpler and better, said Arjun Rao, general partner at Speciale Invest.”
Discover how axolotls and flatworms coordinate regeneration through body-wide signals, revealing a complex healing process.
The MGNREGA envisioned the right to work as a necessary condition for the right to life
Scheduled Castes constituencies in Tamil Nadu experience lower voter deletions than the state average after Special Intensive Revision.
Explore the inspiring journey of Vaishnavi Sharma, a cricket star shaped by her father's unwavering faith and guidance.
Telangana offers GHMC property owners a 90% interest waiver on tax arrears under a new one-time settlement scheme.
Left parties protest for MGNREGA's original format, opposing its renaming and funding cuts affecting rural livelihoods.
Join the 5th Beypore Water Fest celebrating local talent with cultural programs and exciting water sports from December 26-28.
Victoria Public Hall in Chennai is restored and ready to revive its cultural significance with a grand reopening.
Tamil Nadu government employees and teachers announce an indefinite strike from January 6 after "disappointing" negotiations with officials.
“Through several targeted attacks against the minorities in the name of religion, the BJP and the Sangh Parivar organisations are on a mission to fragment the State into religious segments,” said Viduthalai Chiruthaigal Katchi (VCK) leader and MP Thol. Thirumavalavan. He headed the protest organised by VCK here on Monday against the BJP and Sangh Parivar organisation for inciting violence based on religion. Speaking there, he said, “The RSS’s plan is specifically to turn Hindus into paupers and the Sangh Parivar organisations through intimidating the minorities, have been trying to incite communal frenzy in the State.”
CBI and banks meet to expedite fraud investigations, focusing on cybercrime and misuse of mule accounts.
BJP accuses Congress government of suppressing Hindu culture by halting traditional cockfights and interfering with local celebrations.
Experts at a webinar emphasize preparing for diverse career paths and prioritizing skills like communication and critical thinking.