I Squared Capital Acquires Controlling Interest In Polaris Smart Metering

* With a $100 mn commitment, the deal will accelerate the company’s growth into a leading full service smart metering company by expanding its footprint, scaling up manufacturing units, and investing in prime talent

I Squared Capital, a leading global infrastructure investment manager with over US$36 billion of assets under management through its ISQ Growth Markets Infrastructure Fund, has acquired a controlling interest in Polaris Smart Metering Pte. Ltd. Polaris is a Singapore based company that develops, installs, and operates smart metering infrastructure under long-term concessions. Polaris wholly owns Gram Power (India) Pvt. Ltd., India’s only domestically grown integrated smart meter solutions provider and energy analytics company. I Squared Capital has committed up to US$100 million in Polaris, which will be used to transform the company’s manufacturing capabilities to global standards, invest in research and development, develop industry-leading talent, and participate in upcoming tenders.

Commenting on the transaction, Yashraj Khaitan, Founder and CEO of Gram Power said, “Gram Power (now rebranded as Polaris) has been a leader in the smart metering industry in India for many years. We launched smart prepaid meters back in 2012 when even standards for the product from the Bureau of India Standards didn’t exist. The industry has evolved from questioning the purpose of the technology to launching an aggressive national program to transform India’s grid to 100 percent smart metering, which wouldn’t have been possible without the leadership of the current government. This investment by I Squared Capital will create the right synergies for our growth by helping us acquire, finance, and execute large scale projects while building world-class manufacturing facilities, expanding our service offerings, and investing in top quality talent.”

The Government of India has unveiled an ambitious vision to replace 300 million conventional meters with smart meters in the next five years. While the industry has several discrete solution providers that supply the metering hardware, or a communication solution, or a software platform, Polaris is the only company in India with a full-spectrum service offering including both end-to-end technology and financing for large contracts. 

Polaris’ comprehensive platform-as-a-service metering systems helps state electricity distribution companies radically reduce power distribution losses, manage their infrastructure digitally, and automate 100 percent of customer services such as metering, billing, and collections. Their private sector offerings include solutions for real estate developers, co-living companies and aggregators in over 30 Indian cities where Polaris digitally manages metering, billing, and collection for customers.

Leveraging the global network of I Squared Capital, Polaris is committed to employing cutting-edge technology, disciplined project execution, best-in-class customer service and the highest level of corporate governance standards. “With proprietary end-to-end technology in place, the experience gained in deploying smart meters across different distribution companies, and the equity commitment from I Squared Capital, Polaris is well positioned to set the standard for the smart metering industry in India,” said Yashraj Khaitan.

About Polaris Smart Metering

Polaris Smart Meter is on a mission to Electrify the Planet – Intelligently!

India’s electricity grid loses enough power annually to provide free power to all of Bangladesh for almost six years. Polaris Smart Meter provides innovative technology to solve this problem with the industry’s most comprehensive platform-as-a-service for smart electricity metering systems that enable utilities to radically reduce power distribution losses and manage their infrastructure digitally. The company’s intelligent, state of the art smart energy meter platform allows utilities to digitize and automate 100 percent of their metering, billing, and collection activities, and enables them to manage large and distributed power infrastructure by plugging theft, leakages and inefficiencies on the grid.

Founded in Berkeley, California, the company has achieved strong traction in this competitive industry in a short period of time. It is executing one of India’s largest privately funded smart metering project, working in difficult terrains like Ladakh and Kargil and, in addition to the national grid, also helping large businesses like Subway, OYO, Chilies, and several more to reduce their energy costs by up to 30 percent month-on-month. The company’s received widespread international recognition, including being selected by NASA among the top-ten cleantech innovations around the world, been recognized by Forbes for their pioneering work, and also by India’s Prime Minister for their work in power distribution.

About I Squared Capital

I Squared Capital is an independent global infrastructure investment manager with over $36 billion in assets under management focusing on utilities, digital infrastructure, energy, transport, environmental infrastructure and social infrastructure in North America, Europe, Latin America, and Asia. Founded in 2012, the firm has offices in Miami, London, New Delhi, Hong Kong, Singapore, Sydney, and Taipei.

Household Brand SYSKA Launches Remote Controlled BLDC Effecta SFR1500 Ceiling Fans

·         The ceiling fan saves up to 50% power

·         In line with the government’s Make in India initiative, the fans are manufactured locally

Syska Group, the leading FMEG brand in India today announced the launch of BLDC Effecta SFR1500 ceiling fan. The BLDC fans have energy-saving technology that can reduce power consumption by up to 50%. The line of fans by Syska has been designed and developed with the goal of meeting consumer needs and preferences while being ecologically sound.

Ceiling fans are the major means of cooling with over 90 million fans installed in homes. Fans consume 25% of all domestic energy, making it as one of India's biggest consumers of energy. With the aim to support Syska's energy-saving objectives, the company introduced the most energy-efficient ceiling fan, which is quieter and requires less maintenance. Along with its powerful BLDC motor, the fan offers air delivery of 220cmm and blade sweep of 1200mm and consumes 30 Watt.

Commenting on the fan, Mr. Rajesh Uttamchandani, Director, Syska Group said, “Affordability and sustainability are at the heart of what Syska does. In keeping with this tradition of providing both components in our products, we are pleased to introduce the newest model to our line of ceiling fans. Our brand-new BLDC Effecta SFR1500 ceiling fan is made with the goal of reducing energy consumption while helping consumers in reducing power costs and electricity bills, thus addressing the fundamental issue of energy consumption when using an appliance.”

Key features of Syska BLDC Effecta SFR1500 ceiling fan:

·         Dust resistance- Dust resistance has been added to the fans by the application of corrosion-free paint

·         Remote control- The fan can be operated through the remote

·         Silent Performance- The fan blade has been carefully designed to offer silent performance

·         Superior metallic finish- The fan has been given a superior metallic finish that adds a touch of beauty and elegance to the consumer’s home

·         Aerodynamic blade- The aerodynamic blades ensure higher air delivery

This Made in India fan can be easily installed without any hassle. Customers will be able to purchase the product across leading retail stores. To make it aesthetically pleasing for the consumers, the BLDC Effecta ceiling fan is available in White, Black, Bakers brown, Sand grey, Black & White and Black & Ivory. The fan can be purchased at Rs. 6,999/- across leading retail stores.

Shiprocket Opens Nominations For Aarambh 2023; A Platform For Budding Women Entrepreneurs In India

* Along with the cash prize, Aarambh 2023 will empower women entrepreneurs with the opportunity to network with seasoned entrepreneurs, investors, and partners, as well as get a detailed and expert review of their business model

Registration link - https://www.shiprocket.in/aarambh-2023/

Shiprocket, India’s leading e-commerce enablement platform, today opens entry for the 4th edition of ‘Aarambh’ - a successful women empowerment initiative. Aligned with its vision of redefining India’s e-commerce industry by enabling MSMEs, Shiprocket’s Aarambh 2023 aims to equip women-led MSMEs with the right resources to build and scale. Starting 8th February 2023, women-led MSMEs would be able to register and nominate themselves for a chance to present to an esteemed jury panel. 

Aarambh aims to provide budding women entrepreneurs across the country a platform to prove their mettle.  The competition invites several innovative business ideas from women-led SMEs to foster the spirit of business among them. It allows them to turn their ideas into reality and contribute to ‘Bharat Commerce.’ Besides, the event will also offer participants opportunities to network with potential business partners and win several cash prizes.

Speaking on the same, Saahil Goel, Co-Founder & CEO, Shiprocket, said, “This will be the fourth iteration of Aarambh by Shiprocket following the massive success of the first three editions. It is an absolute delight to witness women entrepreneurs making a significant contribution to the growth and progress over the years in Bharat commerce. I strongly believe that the women of this nation are the greatest untapped reservoir of talent and disruptive ideas. We’re looking forward to Aarambh 2023 and the unique and disruptive ideas that are presented in this edition”

The entries for Aarambh 2023 edition are open now. Shepreneurs can apply for the shortlisting process on the Shiprocket website - shiprocket.in/aarambh-2023/. The shortlisted pitches will get a chance to present their business ideas to the jury panel in a virtual event during International Women’s Week. The top three business ideas stand a chance to win upto INR 1 lakh along with additional benefits from Shiprocket and other sister concern companies.

Last year's winners were Vidushi Vijayvergiya, Founder of ISAK Fragrances, Rishika Namdev, Founder of Saptamveda and Kavita Narayanan, Cofounder of Trelish. 

About Shiprocket

Shiprocket is India’s largest eCommerce enablement platform on a mission to empower the businesses of Bharat to scale their ventures by unleashing the true power of eCommerce. The platform helps the sellers at every step of their eCommerce journey, creating an operating system for direct commerce. Their stack of tech integrations enables shipping, fulfillment, customer communication and marketing tools as well as providers for SMEs, D2C retailers, and social commerce retailers in India. 

Launched in 2017, Shiprocket is on a mission to create a seamless logistics data platform that connects retailers, carriers, and consumers across national and international locations. Shiprocket provides a technology stack to help retailers integrate their shopping websites on Shopify, Magento, WooCommerce, Zoho, and others with the platform’s multi-carrier API to manage orders, prints, and shipping labels. It also avails tracking information from multiple providers including managing Cash on Delivery (COD) orders and payment reconciliation. Shiprocket also offers state-of-the-art fulfillment solutions with more than 45 warehouses located across India. The technology stack provides a robust post-purchase experience to consumers resulting in higher engagement and lower RTO (failed deliveries). With 25+ courier partners on board, the brand permits pan-India as well as international shipping deliveries. Its shipping solutions are available across 24,000+ pin codes within India and 220 countries and territories worldwide.

Today, Shiprocket is the platform behind more than 2.5L sellers who generate a GMV of more than $2.5B annually. The platform delivers packets to more than 70M consumers annually and is growing transactions 2.5-3X year on year. The brand became India’s 106th Unicorn in August 2022, after raising $33.5 million in a bridge funding round (Series E2) led by Temasek, and Lightrock India. The company is backed by renowned investors, angels, and venture capitals across the globe including Bertelsmann India Investments, Tribe Capital, Nirvana Venture Advisors, March Capital, Moore Strategic Ventures, PayPal Ventures, Zomato, Huddle, and more.

Consumer Hardware Startup Up To Bring Technology To The Modern Kitchen With Launch Of delishUp

* The product features an 8” touchscreen with guided recipes, wifi connectivity, a smart cooking jar which can cook, stir and chop.

* delishUp offers OTA updates, which ensures that the product stays relevant through updates and feature upgrades

* The startup aims to sell 1,50,000 units in 2023

Consumer hardware startup, Up has launched its Smart Cooking Assistant, the delishUp The delishUp aims to level up young Indians who are looking to cook more often at home. The 8-inch touchscreen displays a wide selection of recipes with simple instructions and the smart cooking jar automates the tedious processes of cooking including chopping ingredients and automating stirring. With the delishUp ANYONE can begin cooking wholesome and healthy meals at home.

The delishUp powered by Up AI continuously monitors the food that is being cooking, be it Indian, Continental or Oriental. The Up AI is trained by expert home cooks, food scientists and the 5000+ dishes that have already been cooked on it by a diverse set of consumers. Offering never before abilities like “Pausing” cooking and “Active” cutting. The product also has the choice of different blade settings that allow it to chop vegetables in various techniques - be it fine slices or chunky cuts. The algorithms on delishUp automatically stirs food being cooked, with the blade acting as a spatula and also tossing soft ingredients like Paneer and leafy vegetables. Up AI is rapidly learning from consumer input and preferences, constantly improving their cooking experience and the quality of recipes and food. The improvements are then rolled out to all active devices, making all delishUp better with time and use.

Commenting on the launch, Mahek Mody, Co-founder of Up said, “Technology is transforming the way we interact with our home appliances, making them smarter, more efficient, and more connected than ever before. With advancements in artificial intelligence, the internet of things, and other cutting-edge technologies, home appliances should be able to do more. At Up, we want to be at the forefront of this transition and lead the way in creating innovative, connected appliances that truly level up our customers' lives."

With the rising focus on healthy lifestyles and choices, the startup has identified that there are people who want to shift to home cooking but there lies a gap between what they want to cook vs what they can cook.  The delishUp promises to make cooking nutritious meals easy, even for those with no experience in the kitchen. The product simplifies the cooking process by recommending recipes, providing guided videos for each step, and even suggesting plating techniques.

Futuristic technology that allows for the automation of tasks such as adjusting water temperature, setting lights or even doing laundry is here; what is missing is the right products for them. The next generation of smart and connected home appliances will be built in countries like India by young hardware startups, and Up aims to be the one leading this movement by introducing more products in the coming years.

The delishUp is available for purchase at Rs 21,999 via the brand’s website (www.upliance.ai). Up also offers prospective customers to purchase the delishUp at INR 17,999 through the Owner Community via referrals. Up?? continues to offer a at-home delishUp trial at Rs 499 in Bengaluru & online demos across other cities.

About Up

Founded by IIT Bombay alumni, Mahek Mody, ex-Chief of Staff at Ather Energy and Mohit Sharma, ex-Head of Engineering at Chaayos, Up sits at the intersection of smart and connected devices and everyday consumer appliances. While working with Ather Energy, Mahek helped define the Ather 450x as a product and a platform. Mohit, Co-founder and CTO, was leading the engineering team at Chaayos. He helped the team at Chaayos build their own proprietary chai-making machines from scratch. Together they aim at enabling Indians  to level up their daily lives through innovative products which will transform the mundane into something special. Their first upliance, delishUp has been tested in 350+ real Indian homes and kitchens and deliveries have begun in Bengaluru and other cities. Up is heralding the shift to home cooking, even for those with no experience in the kitchen, and is inviting everyone to participate in the experience, with a home trial at ?499 in Bengaluru and online demos for other cities.

 https://www.upliance.ai/

Emids Names Sean Narayanan As CEO With Founder Saurabh Sinha To Become Chairman

Emids, the proven leader in technology-led transformation and digital engineering to the healthcare and life sciences industry, today named Sean Narayanan as Chief Executive Officer and a member of the Board of Directors. Company Founder and current CEO, Saurabh Sinha, will transition to the role of Chairman.  

Narayanan joins Emids after nearly two years at the helm of digital services firm Apexon, where he led the company through a period of transformational growth. Prior to Apexon, Narayanan was Senior Executive Vice President and CEO of the $5 billion Business and Platform Solutions division of Atos, a global leader in digital transformation services. He has also previously held executive roles at Liquidhub, iGate (now Capgemini) and Cognizant.

“Emids is incredibly well positioned in the market with deep, longstanding, client relationships and a strong leadership team, and Sean is the perfect person to take the company to the next level and lead us through this period of rapid expansion,” said Saurabh Sinha, whose ascension to Chairman comes after nearly 24 years as CEO. “Sean has a stellar track record of building businesses and deep experience in scaling global organizations. Most importantly, Sean is a wonderful human being, and I have no doubt that he will instantly take to our organization’s values and make them his own.”  

Emids’ core service offerings in technology-led Digital Transformation, Data and AI, and Consulting have fueled its growth over the past decade, with global headcount now reaching more than 3,300 team members. The company’s proprietary data management platform CoreLAKE™ and rapid health innovation platform MHCTM have seen a surge in client adoption in the past two years. Emids also founded and annually hosts one of the leading healthcare industry conferences – The Emids Healthcare Summit. The recent Summit held in November in Nashville had over 300 senior industry executives from across the healthcare and life sciences ecosystem in attendance.

“We are at a pivotal moment in healthcare and life sciences where organizations are leaning into the shift to value-based care and increasing digital engagement with patients and members,” said Sean Narayanan. “Through its deep healthcare and life sciences domain expertise and breadth of digital services capabilities, Emids is uniquely positioned to help its customers accelerate their digital transformation initiatives and improve patient outcomes. I am very excited to join Emids and continue to build on the company’s legacy of client centricity, innovation and entrepreneurialism.” 

“We are very excited to welcome Sean to Emids,” said Jack Qian, Managing Director with New Mountain Capital. “We are extremely proud of the success that Emids has achieved under Saurabh’s leadership and look forward to partnering with both Sean and Saurabh in this next phase of the company’s growth.”

“Having known Sean since we were colleagues at Cognizant, I have the utmost confidence that his deep experience scaling digital services businesses through periods of rapid growth will be invaluable to Emids as well as to its customers,” added Prasad Chintamaneni, Managing Director with New Mountain Capital.

About Emids 

Founded in 1999 and based in Nashville, Emids is a leading provider of digital transformation solutions across the healthcare and life science ecosystem, providing tailored, cutting-edge solutions and services across digital strategy, design, and engineering to payers, providers, biopharma, medical technology and healthcare technology firms. Emids' core values as trusted guides and inclusive innovators, obsessed with delivering impact and value for its customers, are the cornerstones of its singular mission of advancing the future of health through impactful technology solutions. Learn more at www.emids.com. 

Aditya Birla Housing Finance Launches #ApnaGhar Campaign

~ A digital campaign encouraging consumers to fulfil their dream of building ‘Apna Ghar’ through Aditya Birla Housing Finance’s ‘Sahi Salaah, Sahi Saathi, Sahi Home Loan Rakkam’ offering ~

Positioning itself as an enabler of dreams, Aditya Birla Housing Finance Ltd. (ABHFL), the Housing Finance arm of Aditya Birla Capital Ltd., rolled out its #ApnaGhar campaign. The digital campaign aims to inspire customers to build their ‘Sapno ka aashiyana’ and promises to support them at every step of the way through their ‘Sahi Salaah, Sahi Saathi, Sahi Home Loan Rakkam’ offering.

This Affordable and Informal Housing offering is built on a core promise of providing customers from the underserved segment with the advisory that’s just the right fit for fulfilling their dreams, thus guiding them towards the right path and providing them with a home loan that best suit their requirement. What’s noteworthy is that under the offering, consumers can avail of a loan of up to INR 50 lakhs without the need to submit income proof.

The campaign has been created on a relatable and touching note, showcasing the sentiments of a common man who usually suppresses his dreams due to insufficient funds, fear of approaching lenders due to lack of documents, and limited knowledge about the various financial solutions he can turn towards for achieving these dreams. Through this film, Aditya Birla Housing Finance intends to extend a lending hand and help the underserved segment set the ball rolling towards getting the right home loan and loan against property.

Commenting on the launch, Mr. Pankaj Gadgil, MD & CEO, Aditya Birla Housing Finance Ltd. said, “At Aditya Birla Housing Finance, our constant endeavour is to listen to the customer’s stated and unstated needs and develop strategies to build convenience, simplicity, and trust. Through the #ApnaGhar campaign, we want to remove the doubts and fears that cloud the mind of the underserved segments and reassure them that ABHFL is committed to listening to them, understanding their needs, simplifying the procedures, and they can trust ABHFL with Sahi Salaah, Sahi Saathi, and Sahi Home Loan Rakkam”.

The intention of creating this digital film is to reach out to a diverse set of audience to showcase the array of affordable and informal housing loan solutions provided by Aditya Birla Housing Finance Ltd. under its ‘Sahi Salaah, Sahi Saathi, Sahi Home Loan Rakkam’ offering. The campaign will be amplified across the social and digital media channels of Aditya Birla Housing Finance, as well as OOH, to reach a wider set of audience across Indore and Madurai.

Credits:

Agency name: Pi Communications

Creative Director: Sharan Iyer

Account Director: Urmil Bhuta

Production House: Dora Digs Productions

Producer: Akshay Shah

Entropik, AI-Powered Integrated Market Research Platform Provider, Raises $25 Million In Series B Funding

* With $35 million raised to date, the latest funding will continue to support Entropik's explosive growth while trailblazing the future of market research for the world's leading brands

Entropik, a leading AI Powered Integrated Market Research platform provider, has raised $25 million in a Series B funding led by Bessemer Venture Partners and SIG Venture Capital. The round also saw participation from Trifecta Capital, Alteria Capital, and long-time existing investor Bharat Innovation Fund. 

Entropik has grown ~7x in the last two years, riding on its patented Emotion AI Technologies and driven by its expansion into the US, Europe, Southeast Asia, and the Middle East. Its unique integrated research platform brings quantitative surveys, qualitative research, online panel & patented emotion AI technologies under one umbrella, making it a one-stop solution for marketing & product organizations. Over 150+ global brands across finance, media, consumer goods, food & beverage, and entertainment leverage Entropik's consumer research stack to make better consumer-centric decisions faster and more efficiently.

Ranjan Kumar, Founder & CEO of Entropik, said, "The world is evolving fast, and brands, whose foundation is understanding its consumer preference & behavior, are failing to deliver meaningful experiences. In our mission to enable brands to achieve a robust understanding of its consumer, we are thrilled to have Bessemer Venture Partners and SIG Venture Capital join this journey. The new round also comes as a testament to the rigor and hard work put in by our global team and the trust put by enterprises in our offerings.”

“We are delighted to partner with Ranjan, Lava, Bharat and the entire team at Entropik Tech, in their mission to create a globally leading Emotion AI platform. We believe the strength of the platform lies in its multi-modal, cross-functional capabilities. We are excited to see the team extend their early leadership in the customer research category while continuing to expand into other categories as well.", said Anant Puri, Partner, Bessemer Venture Partners.

Bhavanipratap Rana, Investment Advisor to SIG Venture Capital, said, "Entropik provides a faster and cheaper alternative for businesses to interact and understand customer feedback. In an increasingly digital world, consumer and user insights become core to businesses' success in cultivating a loyal customer base. Marketers can now measure more accurately and assess consumer feedback with Entropik's products, like Affect UX, Labs, and Decode. We are excited to invest and support the team at Entropik as they expand into new markets."

Ashwin Raguraman, Co-founder and Partner, Bharat Innovation Fund, said, “There is a special feeling when you have been at the start of what is an incredible journey. Entropik has grown tremendously, powered by its DeepTech solutions and a high-quality, continuously evolving team. In enabling brands to improve their customers experiences, they are the engine powering how customers interact with their brands better. Their multimodal platform encompassing brainwave mapping, facial coding and voice tonality is globally unique. We hopped on the Entropik train a while back and are very happy to keep buying a ticket to extend our journey.”

With this latest round of funding, Entropik will continue to disrupt consumer research for global brands and build world-class products out of India, enabling research, marketing, and product teams to move towards a more collaborative, agile, and scalable way to conduct research. They will also focus on expanding their footprint across the US, Europe, and Asian markets.

About Entropik : 

Entropik is a leading AI-powered Integrated Market Research Platform company founded in 2016. They enable research, marketing, and product teams to move towards a more continuous, collaborative, agile, and scalable way to capture user feedback research by democratizing research and insights data across the organization. Headquartered in Bengaluru, the company has a business presence across the United States, Canada, Europe, the Middle East, and Asia. 

Entropik's AI-powered Integrated Market Research Platform provides a research platform covering Quant, Qual, Behaviour Analytics, Video Interviews & Self Captures with an integrated panel under one umbrella. It caters to 150+ global clients across sectors such as Telecom, BFSI, Media, CPG, FMCG, and Entertainment, among others.  

The company has 17 patents in Multi-Modal Emotion AI technologies like Facial Coding, Eye Tracking, and Voice AI. Entropik has won many awards and accolades, such as the Amazon AI Award 2018, and is quoted by Gartner as India's 'Top 5 Cool Vendors in AI'.  

For more information, visit: https://entropiktech.com/   

About Bessemer Venture Partners:

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast and has more than $20 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Boston, Beijing and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

About SIG Venture Capital:

SIG Venture Capital is the Southeast Asian and Indian venture capital arm of the Susquehanna International Group of Companies, a global proprietary trading and investment firm founded in 1987. As part of SIG, we have access to flexible and patient capital to grow with our investments. With 70+ IPO/M&A and other exits and 350+ portfolio companies in enterprise and consumer technology spaces over the last 18 years in Asia, we support founders from their early days through each growth stage. Our global portfolio includes Agora, Bytedance, Kumu, Inshorts, Lentra, Mobile Premier League, Musical.ly, Paidy, PayMaya, and RedDoorz. For more information about SIG Venture Capital, visit www.sig-asiavc.com.

About Bharat Innovation Fund

Bharat Innovation Fund is an early stage venture capital Fund that invests in globally competitive deeptech startups originating from India. The fund invests in startups across sectors and in emerging technology areas like Artificial Intelligence, AR/VR. Biotechnology etc