India, Dec. 11 -- Bengaluru-based VC firm BYT Capital has launched its maiden deeptech fund with a corpus of INR 180 Cr (about $20 Mn).

The Category II AIF aims to back 18-20 startups with an average ticket size of INR 3-6 Cr. In a statement, the VC firm said that more than half the fund is allocated for follow-on rounds.

The fund has already committed investments across space tech, life sciences, robotics, and clean energy sectors.

BYT Capital said that the fund is backed by "India-aligned" HNIs and family offices, and more than half of its corpus is already subscribed. The fund is likely to reach its final close by Q3 2026.

BYT Capital was founded by Amit Chand and Dinesh Kumar earlier this year. Chand has over two decades of experi...