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ValleyNXT Ventures floats Rs 400 Cr fund to back seed- to pre-Series A startups

EntrackrEntrackr · 3d ago
ValleyNXT Ventures floats Rs 400 Cr fund to back seed- to pre-Series A startups
Medial

ValleyNXT Ventures has launched Bharat Breakthrough Fund–I, a SEBI-registered Category I venture capital fund, with a total size of Rs 400 crore to back seed to pre-Series A startups. In the phase between validation and scale, startups often fail due to fragmented advice, premature scaling pressure, and a lack of execution clarity. Bharat Breakthrough Fund has been designed to address this gap through a unique VC-plus-accelerator model, powered by ValleyNXT’s proven MIB framework—Mentorship, Investment, and Business Connects. Bharat Breakthrough Fund–I is targeting a base corpus of Rs 200 crore, with a greenshoe option of an additional Rs 200 crore, creating a Rs 400 crore fund focused on investing in deep-tech and tech-first startups. The fund will support innovation across sectors including space, defence tech, robotics, AI/ML, cybersecurity, biotech, sustainability, and consumer innovation. According to ValleyNXT Ventures, it has already supported multiple early-stage startups through its strong angel network and accelerator-driven investment approach. With a proven track record of evaluating over 5,000 deals and investing in more than 10 promising ventures, the firm has consistently enabled startups with capital, mentorship, and strategic business connections to accelerate growth. The fund is led by an experienced leadership team comprising Nikhil Agarwal, Madhu Vasepalli, Anand Saklecha, and Suresh Goyal, bringing together deep expertise in venture investing, acceleration, governance, and deep-tech innovation.

Deep-tech startups must explore alternative funding options, says VC report

Economic TimesEconomic Times · 1y ago
Deep-tech startups must explore alternative funding options, says VC report
Medial

The average seed check size for Indian deep tech deals has increased significantly in the past eight years, driven by government support and growing confidence from venture capitalists, according to a study by Speciale Invest. However, deep tech startups still need to explore alternative funding options during their initial stages. The report highlights the need for greater funding in Indian deep tech startups and encourages Indian corporations to embrace innovation through acquisitions. Sectors such as space, semiconductors, energy, health, and advanced manufacturing are expected to experience significant growth. The report also emphasizes the importance of building a robust deep tech ecosystem and planning for exits to improve investor confidence.

IIFL Fintech floats Rs 500 Cr Fund II

EntrackrEntrackr · 1m ago
IIFL Fintech floats Rs 500 Cr Fund II
Medial

IIFL Group backed IIFL Fintech Fund has announced the final close of its second fund after raising Rs 500 crore from domestic family offices and high net worth individuals. The Series II fund targets early to growth stage fintech startups, with a focus on companies using generative artificial intelligence to build financial services products. The fund plans to invest in 20 to 25 startups across lending, payments, compliance, wealthtech, insurtech, and embedded finance. Around 20 to 25 percent of the second fund will be allocated for follow on investments in top performing companies from its first fund. IIFL Fintech had announced the first close of its second fund at Rs 200 crore in January 2025 and has already backed five startups through this. These include companies such as education focused fintech GrayQuest, voice AI startup Fundamento, banking infrastructure startup Knight Fintech, and a secondary share purchase in document infrastructure firm Leegality, among others. According to IIFL Fintech, it actively partners with fintech founders to help them validate, deploy, and scale their solutions within a large financial services ecosystem. The fund closed its first fund in 2022 after raising Rs 200 crore. IIFL Fintech Fund was set up in 2021 with the aim of investing in early stage fintechs that the IIFL Group could collaborate with. Over the last four years, the IIFL Fintech Fund has invested across multiple fintech segments. Its portfolio includes Leegality, FinBox, DataSutram, Finarkein Analytics, Finvu, Trendlyne, Insurance Samadhan, Xtracap Finance, Castler, Vitra.ai, EasyRewardz, Multipl, Riskcovry, and TrustCheckr, which was sold to Truecaller.

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