8 months ago

Two New Deep-Tech Funds Launched in India

Two New Deep-Tech Funds Launched in India
IAN Group closes $100 m IAN Alpha Fund to back deep-tech, innovation-led start-ups · thehindubusinessline.com

Two new funds have been launched in India to support startups working on really smart and new technologies.

The first fund, called the IAN Alpha Fund, has raised $100 million and will invest in startups working on things like AI, space tech, and biotech.

The second fund, called the BYT Capital Fund, has raised INR 180 Cr and will invest in startups working on space tech, life sciences, robotics, and clean energy.

Both funds will provide not just money, but also advice and support to help these startups grow.

Big investors, including some from the government, have put money into these funds.

The goal is to help India become a leader in new and innovative technologies.

Key facts

Fund Name
IAN Alpha Fund, BYT Capital Fund
Fund Size
$100 million, INR 180 Cr
Focus Areas
Deep-tech, innovation-led startups
Investment Thesis
Combines long-gestation and shorter-cycle businesses
Number of Investments
10-12 startups, 18-20 startups
Key Sectors
AI, space tech, semiconductors, biotech, space tech, life sciences, robotics, clean energy
Marquee Backers
DPIIT, SIDBI, HDFC Life, DS Group, Nabard, India-aligned HNIs, family offices
Founder Support
Strategic guidance, governance, market access

Quotes

IAN Group

A venture capital platform

“IAN Group has announced the final close of its second VC Fund -- IAN Alpha Fund with USD 100 million. The Fund will invest in early-stage companies, MSMEs with strong founders, solving real problems, leveraging technology and innovation, including those aligned to India's national strategic imperatives.”
freepressjournal.in

Saurabh Srivastava

Co-Founder of IAN Group

“While the founder is at the centre of IAN Alpha Fund's thesis, it is critical that technology is leveraged to scale the solution for a large market, both in India and then globally. This fund aims to breed companies that bring a paradigm shift to industry and become global leaders.”
freepressjournal.in

Padmaja Ruparel

Co-Founder of IAN Group

“The IAN Alpha Fund's thesis is to invest and breed innovation solving real problems or building for India's strategic imperatives.”
freepressjournal.in

Sources

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