GrowX Ventures Launches Fund II, Eyes Healthtech & DeepTech Investments
Fund II will write cheques of up to INR 10 Cr for seed-stage rounds and allocate INR 20-30 Cr for Series B rounds. GrowX plans to back 20–24 startups in sectors such as semiconductors, defencetech, spacetech, alternate materials, fintech, healthtech, and supply chain logistics.
GrowX Ventures, a venture capital firm focusing on B2B and DeepTech startups, has announced the launch of its second fund (Fund II) with a target corpus of INR 400 Cr ($47.1 million).
The fund aims to support early-stage and early-growth startups, including those in the healthtech and advanced manufacturing sectors.
Fund II will write cheques of up to INR 10 Cr for seed-stage rounds and allocate INR 20-30 Cr for Series B rounds. GrowX plans to back 20–24 startups in sectors such as semiconductors, defencetech, spacetech, alternate materials, fintech, healthtech, and supply chain logistics.
Founded in 2008, GrowX Ventures has built a reputation for investing in groundbreaking areas such as space technology, semiconductors, robotics, genomics, artificial intelligence, and cybersecurity.
With Fund II, the firm seeks to expand its commitment to fostering innovation in India’s DeepTech ecosystem.
The first close of Fund II is anticipated by the end of this year. In addition to financial backing, GrowX will provide hands-on support to its portfolio companies, assisting founders in accelerating revenue growth, scaling operations, and building sustainable business models.
GrowX’s existing portfolio includes notable startups such as Pixxel, Locus, Progcap, Aereo, Bellatrix Aerospace, Wiom, CynLr, Stashfin, and RACE Energy. These investments highlight the firm’s focus on fostering disruptive technologies and impactful solutions.
Through its investments, GrowX Ventures continues to champion innovation, particularly in high-impact sectors such as healthtech and DeepTech, aiming to nurture the next generation of transformative businesses in India.
