Speciale Invest launches ₹1,400cr Growth Fund II
Speciale Invest, a Chennai-based venture capital firm, has launched its ₹1,400 crore Growth Fund II to back Indian deeptech startups ready to scale up.
The fund is all about helping companies that have cracked the science but need cash to go commercial—think spacetech, quantum computing, energy storage, and more.
Speciale plans to invest in 12-15 startups with $5-8 million each and expects cheque sizes to increase in later years or in larger rounds.
How the fund works
About 60% of the money will go toward new investments and 40% will support existing portfolio startups.
Speciale expects its first close in 2026 and has brought on Vijay Jacob as general partner to lead this next phase.
Since 2017, they've already backed around 35 startups—including some working on unmanned systems and maritime surveillance—so this new fund is set to level up India's deeptech scene even further.