GrowX Ventures launches Fund II with target corpus of Rs 400 Cr

GrowX Ventures, a B2B and DeepTech-focused venture capital firm, has launched its Fund II with a target corpus of Rs 400 crore ($47.1 million).

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 crore in seed rounds and deploy Rs 20-30 crore in Series B rounds. It aims to back 20–24 startups across sectors such as semiconductors, defencetech, spacetech, alternate materials and advanced manufacturing, fintech, healthtech, and supply chain/logistics. 

Founded in 2008, GrowX has invested in Space technology, Semiconductors, Robotics, Genomics, AI, and Cybersecurity companies. With Fund II, GrowX is set to expand its commitment to high-impact innovation, supporting the next generation of disruptive B2B startups in India.

Fund II’s first close is expected by the end of this year.

Beyond financial investments, GrowX will provide hands-on support to founders, offering guidance on accelerating revenue growth, achieving scalability, and driving sustainable business models. 

Its portfolio companies include Pixxel, Locus, Progcap, Aereo, Bellatrix Aerospace, Wiom, CynLr, Stashfin, and RACE Energy.