VCs chase deeptech; Leaders on AI at ET’s WLF
Happy Monday! Specialist VC funds are expanding beyond their traditional sectors to invest more in deeptech. This and more in today’s ETtech Morning Dispatch.
Specialist venture capital firms are broadening their investment focus to include deeptech as the sector gains prominence in India's startup landscape. According to Tracxn data, venture funds such as Omnivore, Ankur Capital, Avaana Capital, Aavishkaar Capital, and Incubate Fund Asia India have been increasing their investments in non-traditional sectors since 2024.
Omnivore is reportedly in advanced talks to invest in robotics startup Perceptyne, which has already secured a $10 million term sheet from Premji Invest at a $50 million valuation. Meanwhile, Aavishkaar is exploring opportunities in space technology, with its upcoming Next Gen Fund set to concentrate on deeptech and artificial intelligence.
Incubate Fund Asia, traditionally centered around fintech, consumer, and business-to-business supply chains, is now considering investments in advanced manufacturing, deeptech, and space technology through its fourth fund.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
