Speciale Invest, a venture capital fund, has secured Rs 120 crore for its second seed fund. The company aims to close at Rs 140 crore. “We expect to complete the balance very soon,” Vishesh Rajaram – Managing Partner informed ET in an interview.
Commenting on the funds raised, Vishesh Rajaram added, “We are excited to announce the launch of our second fund to support and boost the deep-tech startup ecosystem in India amid the ongoing pandemic. The oversubscribed round of funding and interest in our subsequent round demonstrate the support of our investors in our team in creating a long standing venture institution. It also reaffirms our commitment towards looking out for entrepreneurs who have unconventional ideas in building futuristic companies that will challenge the status quo and revolutionize the world.”
General partner at Speciale Invest – Arjun Rao said, “We’re thrilled that our 2nd fund enables us to continue this journey of partnering with early stage founders building companies at the bleeding edge of innovation from India. We take the learnings and progress from the 1st Fund portfolio as motivation to double down on our core deep tech thesis and strive harder to explore newer areas of tech & science led disruption.”
The company is involved in seed stage investing. It has invested and advised over 30 companies across India, Israel and the Valley. With offices in Bangalore and Chennai, It partners with tenacious entrepreneurs who make products and services for enterprises and consumers.
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