Micromax Informatics launches Rs 250 Cr family office to invest in deeptech startups

Micromax Informatics, a technology company founded in 2000, has recently launched a family office with a capital of Rs 250 crore to invest in deeptech startups across India and overseas. The investment focus will primarily be on pre-Series A to Series B stage startups, specializing in AI, semiconductors, defence technology, space technology, and robotics. Each investment is expected to range between Rs 10 crore and Rs 20 crore, with an average ticket size of Rs 15 crore.

The family office aims to help these deeptech ventures transition from innovation to commercial scale, offering support in product commercialisation, manufacturing scale-up, and market access. Rahul Sharma, co-founder of Micromax Informatics, emphasized the significance of deeptech startups in driving a technology-led transformation that will shape the economic and strategic landscape for decades.

The investment will target startups that address complex engineering and technology challenges with substantial commercial potential and the capacity for global expansion. Beyond financial investments, the family office intends to enhance portfolio companies' commercialisation, manufacturing and supply-chain capabilities, facilitate industry partnerships, and enable access to the broader technology ecosystem.

Micromax Informatics' strategic ecosystem, including its portfolio companies MiPhi Semiconductors and Bhagwati Products, will further provide founders with industry and strategic access.

Aakil Garg, Micromax Informatics' Investment Head, highlighted the company's focus on identifying founders who are building for scale and leveraging their industry, manufacturing, and technology ecosystems to create value beyond the capital invested.