Asiana Fund, Taiwan's JC Capital join hands for Rs 1,000 Cr fund
The fund will invest in growth-stage startups across advanced manufacturing, semiconductors, computing, materials, aerospace and defence.
Asiana Fund, a platform of the Dani Family Office, and JC Capital, a Taiwan-based venture capital firm, have collaborated to launch a Rs 1,000-crore fund. The Asiana-JCC Advanced Manufacturing & Innovation Fund focuses on India's technology and advanced manufacturing ecosystem. The Rs 600-crore corpus includes a Rs 400-crore greenshoe option for additional investments.
The fund targets growth-stage, IP-led companies in areas like advanced manufacturing, robotics, semiconductors, computing, materials, sustainability, aerospace, and defence. The partners will commit over 20% of the fund's capital. Asiana Fund Founder Jalaj Dani stated that India can move beyond manufacturing to design products and create globally competitive businesses.
JC Capital Founder and Managing Partner Jim Chen highlighted the growing capabilities in semiconductors, electronics, and advanced industrial technologies in India, creating opportunities for collaboration with Taiwan's ecosystem.
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