ValleyNXT Ventures Launches ₹400 Cr Fund To Back Deeptech Startups

VC firm ValleyNXT Ventures has launched its maiden fund with a target corpus of ₹200 Cr (about $22 Mn) and a greenshoe option of ₹200 Cr to back early-stage deeptech startups.

The Bharat Breakthrough Fund-I is a SEBI-registered Category I VC fund. The firm plans to back spacetech, defence tech, robotics, AI/ML, cybersecurity, biotech, sustainability, and consumer innovation startups via the fund.