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Induckt Vision Fund I
Capital Raising Live

Induckt Vision Fund I

India's dedicated Category I deep-tech venture fund, backing 20 high-conviction companies from Seed to Pre-Series A across Robotics, AI, Semiconductors, Genomics and Clean Energy — positioned to capture the valuation inflection at Series A and beyond

36M
Target size
India
India
Investment fund
36MTarget size
90kMinimum commitment
30%Target return (net IRR)
LiveStatus

Who they are & what they do

Industries
Deep techRoboticsAerospaceAI & DataMedtechEnergy TransitionBlockchainAdvanced manufacturing
Company overview

Induckt Vision Fund I is built to be a dedicated, patient capital vehicle for India's deep technology ecosystem, targeting breakthrough science and product-led startups across Robotics, Aerospace & Defence, AI/GenAI, Semiconductors, Genomics, Advanced Manufacturing, Clean Energy, and Web3.0. The Fund's thesis rests on the structural shift of India's startup economy from services and consumer internet toward a product-led, IP-defensible innovation model, reinforced by large-scale government programmes (India's ~€9.03 Bn RDI Scheme for deep tech, and a ~€6.86 Bn Semiconductor Mission) and a broader global supply-chain realignment favouring India in defence tech, semiconductors, and advanced manufacturing. Deep tech startups raised roughly €281M in just the first four months of 2025 — more than double the prior year's pace.

Portfolio construction follows a disciplined three-tier allocation: approximately 60% of the corpus (~€21.7M) to Seed/Pre-Series A primary and secondary deals, 20% (~€7.2M) to Pre-IPO secondary positions, and 20% (~€7.2M) to pre-acquisition, M&A-ready companies — with roughly 40% of total capital reserved for pro-rata follow-ons into flagship winners. Entry valuations at Seed/Pre-Series A of ~€1.8M–€7.2M today are expected to reach ~€27.1M–€180.5M+ at Series A and beyond, driven by technology validation and market expansion. Underwriting criteria emphasize defensible IP, founding teams with deep domain expertise (IIT/CSIR/DRDO/global R&D pedigree preferred), large addressable markets (global TAM above ~€433M preferred), and technology-convergence plays.

Key clients & traction

multiple state innovation fundsfamily officesstrategic HNIs
Company type Investment fund
Firm founded 2026
Fund domicile India

Website: Confidential

Why look at this deal

Highlights

  1. 01SEBI Category I AIF
  2. 0220 high-conviction bets
  3. 03Government-anchored LP base
  4. 0440–45% target CAGR
  5. 05Deep tech specialist
  6. 06Experienced IC bench

Deal snapshot

Asset class / strategyVenture Capital
Target size36M
Minimum commitment90k
Target return (net IRR)30%
Fund term8 years
Management fee2%
Carried interest20%
HeadlineIndia's dedicated Category I deep-tech venture fund, backing 20 high-conviction companies from Seed to Pre-Series A across Robotics, AI, Semiconductors, Genomics and Clean Energy — positioned to capture the valuation inflection at Series A and beyond
Investment team2 Managing partner, 2 member investment committee, 4 advisory board
Deals completed30

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