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New fund · Professional & Local Services

ValleyNXT Ventures launches Bharat Breakthrough Fund–I

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Date
Company
ValleyNXT Ventures
What it does
VC-plus-accelerator for early-stage startups
Kind
New fund
Amount
Rs 400 crore
Stage
seed to pre-Series A
Sector
Professional & Local Services

What they do

ValleyNXT Ventures is a SEBI-registered Category I venture capital fund that also runs an accelerator

What happened

It launched Bharat Breakthrough Fund–I with a target corpus of Rs 200 crore and a greenshoe option of Rs 200 crore

Why it matters

The fund will invest in space, defence tech, robotics, AI/ML, cybersecurity, biotech, sustainability and consumer innovation

The details

  • ValleyNXT Ventures launched the Bharat Breakthrough Fund–I.
  • The fund has a target base corpus of Rs 200 crore.
  • It also has a greenshoe option (an option to raise additional money) of Rs 200 crore.
  • The total potential size of the fund is Rs 400 crore.
  • The fund is a SEBI-registered Category I venture capital fund.
  • It will invest in startups from seed to pre-Series A stage.
  • The fund focuses on sectors like space, defence tech, robotics, AI/ML, cybersecurity, biotech, sustainability and consumer innovation.

The bigger picture

  • ValleyNXT Ventures has already evaluated over 5,000 deals.
  • It has invested in more than 10 startups to date.
  • The fund uses a VC-plus-accelerator model powered by the MIB framework (Mentorship, Investment, Business Connects).

About the business

  • ValleyNXT Ventures is a SEBI-registered Category I venture capital fund.
  • It operates a VC-plus-accelerator model.
  • The accelerator is powered by the MIB framework (Mentorship, Investment, Business Connects).
  • It invests in seed to pre-Series A stage startups.
  • Its focus sectors include space, defence tech, robotics, AI/ML, cybersecurity, biotech, sustainability and consumer innovation.
  • The fund has evaluated over 5,000 deals.
  • It has invested in more than 10 startups to date.

The deal

Type
fund launch

Founders

  • Dr. Nikhil Agarwal, leadership team member
  • Dr. Madhu Vasepalli, leadership team member
  • Anand Saklecha, leadership team member
  • Suresh Goyal, leadership team member

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