Deep tech venture capital firm Java Capital has announced the final close of its Rs 50 crore (about $6 million) fund. HNIs with headquarters in the US, the Middle East, and India, as well as well-known founders from the Indian startup scene, participated in the fund.
In response to the ongoing interest from Limited Partners (LPs), Java Capital intends to open a greenshoe portion of Rs 25 crore with this closing.
Java Capital, a pre-seed/seed stage fund founded by Bhargavi V, Karteek Pulapaka, and Vinod Shankar, aims to develop a portfolio of fifteen to twenty startups in the deep tech, climate tech, and B2B sectors.
Five investments have already been made by the fund in businesses: AuditCue, Okulo Aerospace, Oorja, Pre-image, and Frigate.
Java has made investments in the past in businesses like Eat Better, Codingal, YellowMetal, Cynlr, KUKU FM, Agnikul Cosmos, and The Eplane Company. The fund has increased its stake in a few of these businesses.
With a corpus of Rs 75 crore (roughly $9 million), seed-stage fund Java Capital launched its first fund in December of last year. A Rs 25 crore “green shoe” option is included in the fund.
