2 days ago
BYT Capital Bets on Hardware-Led Deep Tech in India
BYT Capital is a new investment firm that wants to support difficult technology projects in India.
It believes India needs to build more hardware, intellectual property and manufacturing capabilities at home.
Most of its investments will be in hardware companies.
The fund has raised $20 million and plans to back about 20 companies over four years.
It will give companies more money later if they show promise.
These businesses may take many years to develop their technology and begin selling products.
The fund is especially interested in space, defence, advanced materials, quantum technology and energy.
It expects some investments to provide exits around the fifth or sixth year, rather than very quickly.
BYT Capital, which began operations in November 2025, has raised a $20 million Fund I focused on deep tech.
Around 80% of investments will target hardware, with the remainder for software companies developing proprietary intellectual property or neural learning models.
The fund aims to make about 20 investments over four years, reserving 55% of its capital for follow-on funding.
Initial cheques will typically range from ₹2 crore to ₹3 crore, with total investment potentially reaching ₹14-15 crore in successful companies.
BYT Capital is watching space, defence, advanced materials, quantum, AI, biotech, life sciences, and clean and alternative energy.
- Who
- BYT Capital and its partner Amit Chanda.
- What
- BYT Capital has launched a $20 million deep-tech fund focused mainly on hardware-led companies and domestic technology capabilities.
- Where
- India, with a focus on companies developing globally relevant technology from the country.
- When
- The firm began operations in November 2025; it plans to invest over the next four years and considers exits from around the fifth or sixth year.
- Why
- The fund believes India’s next growth phase will require domestically built hardware, proprietary intellectual property and scaled manufacturing capabilities.
Key facts
- Fund
- BYT Capital Fund I
- Capital raised
- $20 million
- Investment target
- Around 20 companies over four years
- Hardware allocation
- Approximately 80% of investments
- Initial cheque
- ₹2-3 crore
- Maximum planned investment
- Up to ₹14-15 crore through follow-on rounds
- Fund life
- Nine years
- Expected exit timing
- Potential partial or full exits from around the fifth or sixth year
Sources
Related news
India's deep-tech cycle: semiconductors, spacetech draw investor interest
Deep-tech Investments Rise in India, Patient Capital Tests Success
Bluehill.VC Closes Maiden ₹400 Cr Frontier Tech Fund
India Needs Patient, Accountable Capital for Deep-Tech Startups
India’s Deep-Tech Startups Face Test Beyond Building Technology
Goyal Pitches India-Japan Startup Series and Deep-Tech Fund
Swara Bhasker’s Jauhar Remarks Revive Padmaavat’s Historical Debate
Young Government Bank Officer Reveals Salary, Benefits After 2.5 Years
India’s Dementia Crisis May Affect 16.9 Million Seniors by 2036
Five Student-Friendly Laptops Covering Every College Budget and Workload
Putin Faces Western Isolation While Russia Builds Non-Western Ties
