India, Dec. 18 -- VC firm Speciale Invest plans to launch a growth stage fund with a target corpus of INR 1,400 Cr ($155.3 Mn) to back deeptech startups.

In a statement, the firm said it plans to raise the capital for the fund, Speciale Invest Growth Fund II, next year.

The fund will invest in Series A and later stages of startups that have crossed technical validation and are poised to scale into revenue-generating businesses.

Speciale Invest is looking to back 12-15 startups with a ticket size of $5 Mn to $8 Mn, a report by ET said.

Founded in 2017 by Vishesh Rajaram and Arjun Rao, Speciale Invest backs deeptech startups operating across sectors like AI-led SaaS, robotics, micro-electronics, and spacetech. The VC firm counts the lik...