Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.
The Series B round saw participation from new investors M&G Catalyst and Glade Brook Capital Partners, who joined existing backers, including Google, Radical Ventures, Lightspeed, and others.
Amperehour Solar, Cropin, Entri HealthPlix, International Battery Company, Niramai, NxtWave, Pixxel, Sarvam AI, and String Bio are the Indian startups that made the selection.