Micromax launches Rs 250 crore family office for deeptech bets
What's the deal? Micromax Informatics has launched a family office with a Rs 250 crore corpus to back deeptech startups in India and abroad. It will target AI, semiconductors, defence technology, space technology, and robotics, mostly at the pre-Series A to Series B stages.
The details: Average cheques will run Rs 10 crore to Rs 20 crore. The family office plans to back companies solving complex engineering challenges with strong commercial potential and the ability to scale globally.
What's the endgame? Micromax wants to help ventures move from innovation to commercial scale, covering product commercialisation, manufacturing scale-up, and market access. It will tap the broader Micromax ecosystem, including portfolio companies MiPhi SemiconductorsDealroom has a profile for this one. Try Dealroom → and Bhagwati ProductsDealroom has a profile for this one. Try Dealroom →, to offer founders strategic and industry access.
Co-founder Rahul Sharma said deeptech startups sit "at the forefront of a technology-led transformation that will define the economic and strategic future for decades to come." He added that the firm aims "to empower founders with the resources, partnerships and industry expertise" to build sustainable businesses.
Investment head Aakil Garg said the focus will be "on identifying founders who are building for scale and where our industry, manufacturing and technology ecosystem can create value well beyond the capital invested."
The signal: Founded in 2000, Micromax made its name in electronics manufacturing before moving into semiconductors and emerging tech. The family office pushes the homegrown firm deeper into deeptech investing, positioning it as both financier and industrial partner to founders in strategically sensitive sectors.
Read more: yourstory.com
Image credit: jurvetson
