Asiana Fund, JC Capital Launch INR 1,000 Cr Fund
Asiana Fund and JC Capital launch a INR 1,000 crore fund to back Indian deeptech startups in semiconductors and aerospace.
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Asiana Fund, the investment platform of the Dani Family Office, and Taiwan-based VC firm JC Capital have launched the INR 1,000 crore Asiana-JCC Advanced Manufacturing & Innovation Fund. The fund comprises a primary corpus of INR 600 crore and a greenshoe option of INR 400 crore, with sponsors from both firms collectively committing more than 20% of the total corpus.
The fund will primarily invest in Series A and Series B startups across advanced manufacturing and robotics, semiconductors and computing, materials and sustainability, and aerospace and defence, building a portfolio of 12-15 companies with capital reserved for follow-on investments. Its initial pipeline includes startups working on compound semiconductors, motion-control systems for EVs and robotics, secure silicon, smart grids, robotic vision, and optoelectronics.
Beyond capital, the fund aims to connect Indian startups with Taiwan’s semiconductor and electronics ecosystem, supporting technology transfers, global supply chain access, and manufacturing scale-up. More than 80% of JC Capital’s investors are corporate limited partners across the US, Japan, Taiwan and Malaysia.
Founded in 2017, Asiana Fund has deployed more than INR 700 crore across 11 private equity investments spanning advanced manufacturing, robotics, drones, medtech and cleantech. The platform was founded by Asian Paints co-promoter Jalaj Dani, who also chairs aerospace startup EndureAir and robotics startup Addverb. JC Capital, launched in 2019, has invested more than INR 1,000 crore across 30 startups spanning semiconductors, AI and clean technology.
The launch comes as global companies commit around ₹1 lakh crore under India’s Semicon 2.0 initiative, according to Electronics and IT Minister Ashwini Vaishnaw, alongside separate commitments from companies including Applied Materials, which pledged $5 billion toward India’s semiconductor ecosystem over the next decade.
Asiana Fund, the investment platform of the Dani Family Office, and Taiwan-based VC firm JC Capital have launched the INR 1,000 crore Asiana-JCC Advanced Manufacturing & Innovation Fund. The fund comprises a primary corpus of INR 600 crore and a greenshoe option of INR 400 crore, with sponsors from both firms collectively committing more than 20% of the total corpus.
The fund will primarily invest in Series A and Series B startups across advanced manufacturing and robotics, semiconductors and computing, materials and sustainability, and aerospace and defence, building a portfolio of 12-15 companies with capital reserved for follow-on investments. Its initial pipeline includes startups working on compound semiconductors, motion-control systems for EVs and robotics, secure silicon, smart grids, robotic vision, and optoelectronics.
Beyond capital, the fund aims to connect Indian startups with Taiwan’s semiconductor and electronics ecosystem, supporting technology transfers, global supply chain access, and manufacturing scale-up. More than 80% of JC Capital’s investors are corporate limited partners across the US, Japan, Taiwan and Malaysia.
