Dr. Madhu Vasepalli, CA. Anand Saklecha, Dr. Nikhil Agarwal, Dr. Apurva Chamaria, Mr. Suresh Goyal.ValleyNXT Ventures has launched Bharat Breakthrough Fund-I, a SEBI-registered Category I venture capital fund, aimed at backing seed to pre-Series A startups.
The fund is targeting a base corpus of ₹200 crore with a greenshoe option of another ₹200 crore, taking the total potential size to ₹400 crore. It will focus on deeptech and tech-first startups across sectors including space, defence tech, robotics, AI and machine learning, cybersecurity, biotech, sustainability and consumer innovation.
ValleyNXT said the fund has been designed on the premise that early-stage startup failures are often driven not just by capital constraints but by lack of execution clarity, fragmented advice and premature scaling pressures. The firm plans to address this through a combined VC and accelerator approach.
The firm has evaluated more than 5,000 deals and invested in over 10 startups through its angel network. With the new fund, the firm aims to deepen its role in supporting early-stage founders with capital as well as hands-on mentorship and market access.
The fund is led by Dr. Nikhil Agarwal, Dr. Madhu Vasepalli, Anand Saklecha and Suresh Goyal.
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