8X Ventures launches Rs 200 crore DeepTech Fund, aims to invest in 20 Indian startup – Times of India ...Middle East

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8X Ventures launches Rs 200 crore DeepTech Fund, aims to invest in 20 Indian startup – Times of India
8X Ventures has announced the first closing of Rs 200 crore DeepTech Fund. The fund includes a greenshoe option of Rs 100 crore and has already garnered commitments exceeding Rs 60 crore, the company says. The fund aims to invest in 18-20 early-stage Indian DeepTech startups over the next three years, providing initial investments between Rs 2-5 crore each and targeting total investments of up to Rs 20 crore in 8-10 startups.8X Ventures was established in 2021 and is located in the IIT Madras Research Park. The company’s global fund has delivered a 2.1X MOIC (40+% IRR) since 2022. Notable portfolio companies include Solinas Int

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