India, Jan. 20 -- Semiconductor startup Raana Semiconductors has raised $3 Mn (around INR 27 Cr) in its seed funding round led by Equirus Innovatex Fund and Artha Venture Fund, along with participation from IvyCap Ventures, PointOne Capital, CIIE Initiatives (IIMA Ventures), and angel investor Garimella Laxminarayana.

The Tamil Nadu-based startup will utilise the freshly raised capital to accelerate product development and R&D. Raana Semiconductor aims to build an indigenously designed Czochralski (CZ) monocrystalline silicon ingot grower which will be capable of producing 10 to 12-inch diameter silicon ingots.

For context, the Monocrystalline silicon (mono-Si) grown by the Czochralski method allows to pull large, defect-free cylindrica...