BYT Capital launches maiden Rs 180 Cr deep-tech focused fund

Deeptech-focused VC firm BYT Capital has launched its first Rs 180 crore fund, with over half of it already committed.

The Bengaluru-based fund, founded by angel investor Amit Chand and Faad Capital cofounder Dinesh Kumar, said it has started reviewing companies and plans to make its first investments by the end of December.

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Within the deeptech ecosystem, BYT will invest in areas like IP-driven innovation and turning lab research into market-ready products.

The fund will support areas like space technology, life sciences, robotics, and clean energy. It plans to invest in 18–20 deeptech startups, providing Rs 3–6 crore initially, and will keep 55% of the fund for follow-up investments.

“India is sitting at a deep-tech inflection point. The quality of talent returning from global deep-tech hubs is very high, and institutes are far more open to licensing and spinouts,” Chand said.

The cofounder said the fund, supported by India-focused HNIs and family offices, views deeptech as a long-term, high-impact investment. Chand added that globally, investors are increasingly preferring funds focused on specific sectors rather than generalist funds.

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“This is not just an India trend. To generate alpha, you need to dig deep into a sector and build thesis and expertise around it. That’s what LPs increasingly prefer.”

BYT said that with strong early investor support and over half the fund already committed, it expects to close the fund by Q3 2026.

The founder also noted that deeptech activity is growing in Tier-2 and Tier-3 regions.

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