Express Computer
Home  »  News  »  StartupXseed Ventures Launches Second Fund of Rs.200 Crores for investing in Seed and Growth stages in Deep Tech space

StartupXseed Ventures Launches Second Fund of Rs.200 Crores for investing in Seed and Growth stages in Deep Tech space

0 200
Read Article

StartupXseed Ventures, announces a Rs.200 Cr Fund II, focussed at investing in Deep Tech, B2B focussed companies, from Seed to Early Growth Stages. The Fund announced its first closing with Rs.65 Crores of Commitments from Existing & new LPs and plans to complete the fund raise in next 6-9 months.

Founded by  B V. Naidu (Former Director STPI) and Ravi Thakur, along with Mohandas Pai (through Aarin Capital), V. Balakrishnan and other like-minded leaders from the Industry, in a short span the fund has found its niche in investing into 12 Deep Tech, disruptive companies and also exited 3 investments. Fund – I returned 35% of principal much before it had completed final draw down and investment cycle.

The Fund I investments include Aarav Unmanned Systems (AUS), AIBono, Anlyz, AlphaIC, Bellatrix, CloudSEK, DarwinBox, ShieldSquare, Siliconch Systems, Singularity Dynamics, SmarterBiz and Steradian Semiconductors. The portfolio continuous to be healthy and these companies are on a growth path despite the current pandemic situation.

Building on the track record, Fund II will invest Rs 3 Crores to Rs 10 Crores per round in emerging deep tech start-ups from SaaS to SpaceTech including the areas of Cyber Security, Silicon IP, HealthTech, FinTech, AgriTech and AI/ML.

The Investor base includes successful Tech Entrepreneurs, HNI’s and Family offices. Despite the pandemic affecting the broader sentiment, several of the existing Investors participated with higher commitments.

B.V. Naidu, Managing Partner, StartupXseed, commented, “In the Fund II, we will continue to focus on Deep Tech companies with capital efficient business models. Our strategy has worked out very well in the Fund I and is reflected in the performance. Over these years, we have built a team, quality deal flow network, deal evaluation framework, post investment hand-holding and demonstrated exits.”

Commenting on the occasion TV Mohandas Pai said, “StartupXseed has found its niche and unique positioning amongst venture funds. It will continue to build on its Fund I performance. India is today at the cusp of building technology innovations and start-ups are at the core of it playing a pivotal role and Venture funds like StartupXseed catalyses the growth of these start-ups.”

Ravi Thakur, Co-founding Partner, StartupXseed, said, “We have been investing into good companies even during the COVID–19 and the horizon is looking good for investment with much advanced technologies being developed locally. With this new landscape, Fund II will continue the momentum to find exceptional leaders working on the greatest of ideas.”

Jayant Paleti, Co-Founder, DarwinBox, (StartupXseed Fund I Portfolio Co) said “The StartupXseed team has demonstrated great commitment towards the startup ecosystem and have always kept the interests of founders at the forefront in every decision they take. The have exhibited great sensitivity & care while working with us and we have benefited immensely from their involvement.”

If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]


Get real time updates directly on you device, subscribe now.

Subscribe to our newsletter
Sign up here to get the latest news, updates delivered directly to your inbox.
You can unsubscribe at any time
Leave A Reply

Your email address will not be published.

Virtual Conference


Join India's Largest Premier CyberSecurity & Attend LIVE sessions by Industry Experts.
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
Enable A Truly Seamless & Secure Workplace.
Register Now
Attend Inida's Largest BFSI Technology Conclave!
Register Now
Know how to protect your company in digital era.
Register Now
Protect Your Critical Assets From Well-Organized Hackers
Register Now