Speciale Invest has been the first institutional investor in several well-known companies in deeptech including AgniKul Cosmos, GalaxEye, QnU Labs, Morphing Machines and ePlane Company.Deeptech-focused venture capital firm Speciale Invest is looking to raise ₹1,400 for a growth fund in 2026, as it aims to write larger cheques and fill an arguably large gap in the Indian startup ecosystem.
Having been led by Vishesh Rajaram and Arjun Rao so far, the firm has also added a third partner in the form of Vijay Jacob.
Jacob was previously a founding member at NewQuest Capital (now TPG NewQuest), and has led investments, portfolio strategy, and exits across multiple sectors and geographies.
“Speciale Invest will extend the work done in the seed stage to the growth stage – now supporting founders and companies as they move from validated technology to commercially scalable, profitable, globally competitive institutions.” he said in a statement.
Rajaram had previously spoken to ETEntrepreneur in October about plans to expand its organisation and explore a growth fund.
Speciale Invest has been the first institutional investor in several well-known companies in deeptech including AgniKul Cosmos, GalaxEye, QnU Labs, Morphing Machines and ePlane Company.
Unlike previous funds which were meant for early-stage companies, the new growth fund will back companies that have crossed technical validation and are ready to scale into meaningful revenue generation.
It will back 12-15 startups with average investments between $5 million and $8 million.
Speciale closed its last fund with a ₹600 crore corpus in August this year, exceeding its target of ₹500 crore.
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