India, Sept. 22 -- With an eye on backing India's emerging deeptech startups, Rohit Bafna-led early-stage accelerator 888VC has launched its maiden INR 175 Cr (about $19 Mn) alternate investment fund (AIF). Via its maiden Indian fund, 888VC Accelerator Fund, the investment firm bids to back early-stage startups operating in sectors like AI, deeptech and sustainability startups.

Over the next three years, it plans to invest in startups with an average ticket size between INR 2 Cr to INR 4 Cr. In a statement, 888VC said that it will focus on backing ventures that are building tech capable of scaling from India to other countries.

Founded by ex-100Unicorn VP Bafna in 2022, 888VC is a Bengaluru-based early-stage investment platform that act...