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Unleashing India’s Deeptech Potential: A Journey Towards Innovation

Inc42Inc42 · 1y ago
Unleashing India’s Deeptech Potential: A Journey Towards Innovation
Medial

The Indian government has approved an investment of INR 10,372 Cr over five years for the India AI Mission, with a strategic allocation of nearly INR 2,000 Cr specifically for deeptech startups. This marks a significant boost for the Indian startup ecosystem and highlights the government's commitment to fostering innovation in AI and deeptech. With over 3,000 deeptech startups in India, there is a promising landscape for investment. Technologies like AI and machine learning have the potential to revolutionize sectors such as healthcare, education, banking, and manufacturing. However, deeptech startups often face challenges in securing financial backing, making increased investment crucial for their success.

Yali Capital’s ‘Gani’ On Building A Deeptech Investment Thesis For India

Inc42Inc42 · 1y ago
Yali Capital’s ‘Gani’ On Building A Deeptech Investment Thesis For India
Medial

Venture capital players in India are increasingly showing interest in deeptech startups, despite the challenges and unique characteristics of this segment. One such player is Subramaniam, who has 15+ years of experience in the semiconductor space and has personally backed deeptech startups. He believes that a significant portion of funds should be allocated to chip design, as India progresses towards chip manufacturing. However, he highlights the importance of identifying the right area of growth and mitigating technology and execution risks in deeptech investments. Additionally, he emphasizes the need for expertise in evaluating early-stage deeptech startups due to the complexity and diverse sectors within this field.

Deeptech manufacturing startup Leumas raises $2.2 Mn in Seed round

EntrackrEntrackr · 5m ago
Deeptech manufacturing startup Leumas raises $2.2 Mn in Seed round
Medial

Deeptech manufacturing startup Leumas has raised $2.2 million in a seed funding round led by Capital 2B, a deeptech-focused fund backed by Info Edge and Temasek, along with participation from Capital-A and Anicut Capital. The proceeds will be used to expand its R&D capabilities, scale on-demand manufacturing infrastructure, and launch pilot deployments of dedicated factories for wellness and pharma brands, Leumas said in a press release. Co-founded in 2016 by Subhajit Biswas and Nitesh K, Leumas offers on-demand manufacturing and factory-as-a-service models for wellness and pharma brands. Its solution is built on software-defined, modular robot factories that radically improve manufacturing and business outcomes - from development to commercial production. By combining automation, software intelligence, and R&D, it helps brands scale quickly, maintain quality, and reduce risk. According to Leumas, its core product is cyber-physical manufacturing technology: software-driven, modular production lines that integrate AI-led robotics, vision-based quality systems, and autonomous operations to ensure optimal production output and regulatory compliance. As per market research, the outsourced development and manufacturing market for pharma and wellness is expected to exceed $400 billion by 2030. Over the past year, Leumas claims to have co-developed its manufacturing solution with leading wellness brands and has helped scale more than 120 products across India, the US, and MENA. It has also signed agreements with prominent pharma and food research institutions to build dedicated factory capacities using its modular factory solution.

Yali Capital closes maiden deeptech fund at Rs 893 Cr

EntrackrEntrackr · 4m ago
Yali Capital closes maiden deeptech fund at Rs 893 Cr
Medial

Yali Capital closes maiden deeptech fund at Rs 893 Cr Venture capital firm Yali Capital has closed its maiden deeptech focused fund at Rs 893 crore (about $103.2 million). Yali Capital had launched the early stage fund at Rs 810 crore in July last year to back startups operating in the deeptech sector. The fund intends to invest in startups across chip design, robotics, genomics, smart manufacturing, aerospace, and AI sectors, Yali Capital said in a press release. The VC firm has raised capital from corporates such as Infosys, Qualcomm Ventures, the DPIIT Fund of Funds for Startups, and Evolvence, among others. Additionally, TVS Capital founder Gopal Srinivasan, Rare Enterprises chief executive Utpal Sheth, and JM Financial’s managing director Vishal Kampani are among its notable investors. Launched by Ganapathy Subramaniam and Mathew Cyriac, Yali Capital is a SEBI approved Category II AIF and had initially set its target close to Rs 500 crore, with an additional greenshoe option of Rs 310 crore. “China is well ahead in the deeptech space and has overtaken America. India has all the potential, from services to deeptech, but certainly has much distance to cover,” said Ganapathy Subramaniam. Yali Capital has made five investments, including genomics startup 4baseCare, robotics startup Perceptyne Robots, and fabless chip design company C2i Semiconductors. It plans to expand its portfolio to eight companies by the end of the year.

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