Archive · 9 Jun 2025
Chennai-based Bluehill.VC Raises ₹150 Crore for Deep Tech
Bluehill.VC, a company based in Chennai, has gathered a lot of money, about ₹150 crore, to invest in new technology businesses.
They're looking for companies that have created their own special ideas and technology, especially in areas like electric cars and defense.
They have already invested in a company that is building reusable rockets and another that makes tools to stop drones.
This company wants to help build up India's technology industry, which it believes lags behind China in this area.
Bluehill.VC, a Chennai-based VC firm, has raised approximately ₹150 crore.
The fund targets IP-focused businesses in areas like energy, EVs, and defense.
Backers include HNIs, UHNIs, family offices, and are working with SIDBI.
The firm has invested in EtherealX (launch vehicles) and Zebu Intelligent Systems (counter-drone).
Bluehill.VC aims for 16 to 20 investments from the fund.
- Who
- Bluehill.VC
- What
- Bluehill.VC raised approximately ₹150 crore.
- When
- June 9, 2025
- Where
- Chennai, India
- Why
- To invest in deep tech and IP-backed businesses.
Investment Strategy
Market Presence
Firm Growth in India
Investment Strategy
The founders state they have a belief that India is behind in the industrialization race and wish to back this initiative in the country.
Market Presence
The article highlights Bluehill.VC's focus on IP-driven businesses, but does not directly mention the negative impact of the firms' growth.
- Fund Name
- Bluehill.VC
- Location
- Chennai, India
- Amount Raised
- ₹150 crore
- Investment Focus
- Deep tech, IP-backed businesses
- Ticket Size
- $750,000 - $2 million (first check)
- Founded by
- Manu Iyer and Sridhar Parthasarathy
