Speciale Invest, a seed-stage VC investing in deep science and enterprise technologies, announced its second fund’s final closure at Rs 286 crore. The second fund has been oversubscribed twice the amount announced during the fund’s launch, which was Rs 140 crore.

• NTPC Green Energy Adds 50 MW Solar Power in Rajasthan
• Coffee Day Enterprises Settles Rs 25 Cr Loan With Kemfin
• GST Collections Rise 14.7% to Rs 2.04 Lakh Crore in September
• GPT Infraprojects Bags Rs 385 Cr South Africa Rail Order
• Cabinet Backs Rs 1.86 Lakh Cr Plan for Green Power Grid

In April 2021, the company had announced their second fund to be a corpus of around Rs 100 crore, but this got oversubscribed to over Rs 140 crore.

Vishesh Rajaram, the Managing Partner at Speciale Invest, said, “The oversubscribed closure of our second fund reaffirms the opportunity ahead for DeepTech in India and our commitment towards working with entrepreneurs to solve hard technology problems for the world from India!”

The fund, which has backed startups such as Agnikul, The ePlane Company, CynLr, Qnu Labs, GalaxEye Space, Wingman, StreamAlive, Airboxr, Trainn, Uravu Labs, among others, will look to invest in 20+ early-stage startups through pre-seed and seed rounds with the average cheque sizes ranging from $100,000 to $1 million.