growX ventures, a leading B2B and DeepTech-focused venture capital firm, has launched its Fund II with a target corpus of Rs 400 crore. Founded in 2008, growX has been at the forefront of investing in transformative technologies like SpaceTech, Semiconductors, Robotics, Genomics, AI, and Cybersecurity, often identifying trends ahead of the curve. With Fund II, growX is set to expand its commitment to high-impact innovation, supporting the next generation of disruptive B2B startups in India.
With its stage-diversified approach, Fund II will target both early-stage (Seed) and early-growth stage (Series B) investments. The fund plans to write cheques of up to Rs 10 Cr in Seed rounds as a lead/co-lead investor, and deploy Rs 20-30 Cr in Series B rounds. It aims to back 20–24 startups, including innovations across mission-critical sectors such as Semiconductors, DefenceTech, SpaceTech, Alternate Materials and Advanced Manufacturing, and high-potential companies building in FinTech, HealthTech, and Supply Chain/Logistics. Fund II’s first close is expected by the end of this year, marking a continuation of growX’s legacy of identifying and nurturing transformative ideas that shape global markets.
Commenting on Fund II, Ashish Taneja, Founder and CEO at growX ventures, said, “With Fund II, we’re doubling down on our belief in India’s DeepTech and B2B sectors. We’re confident that the next wave of unicorns, building for global markets, will emerge from this space. This is India’s decade, and the remarkable progress we’re witnessing reflects the transformative power of Indian technology and innovation.”
General Partner and DeepTech investment lead at growX ventures, Manish Gupta added, “At growX ventures, we’re not just investors — we’re partners in companies’ DeepTech and B2B scaling journey. With a stellar track record and Fund II’s stage-diversified approach, we are there for every step of the founders' journey, right from 0-to-1 sparks to 1-to-10 powerhouse growth. Beyond capital, we also bring strategic collaboration to help them unlock growth and claim market leadership in their respective domains.”
Beyond financial investments, growX will provide hands-on support to founders, offering guidance on accelerating revenue growth, achieving scalability, and driving sustainable business models. Leveraging its extensive network of industry experts, corporate partners, and strategic advisors, the firm will facilitate access to potential customers, partnerships, and growth capital, ensuring founders can navigate the complexities of scaling with confidence.
