Kalaari, Blue Ashva Capital creating deeptech vehicles to tap RDI Fund: report

VC firms Kalaari Capital and Blue Ashva Capital are among those exploring new deeptech-focussed vehicles incentivised by the availability of the government’s Rs 1 lakh crore research, development and innovation (RDI) fund (that could invest up to 50% of their corpuses). Kalaari Capital is in talks to launch a Rs 500-600 crore deeptech fund, while Blue Ashva Capital is planning a Rs 300-400 crore vehicle.