Fund News
B2B focused VC firm growX launches Fund II; targets Rs.400-Cr corpus
B2B (business-to-business) and deep-tech focused venture capital firm growX ventures has launched its Fund II with a target corpus of INR 400 crore. The firm aims to back 20-24 startups over the next two to three years.growX plans to invest in both early-stage and early-growth-stage companies. The fund intends to invest up to INR 10 crore in seed rounds, either as a lead or co-lead investor and deploy INR 20-30 crore in Series B rounds.Founded in 2008, growX has made 46 investments across emerging technologies, including big data, AI, drones, space-tech, robotics, EVs, genomics, semiconductors, and cybersecurity. Its portfolio companies include Pixxel, Locus, Progcap, Aereo, Bellatrix Aerospace, Wiom, CynLr, Stashfin, and RACE Energy.
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