Former 100X.VC Partners Float 247VC’s INR 250 Cr Fund; Focus On Deeptech, Indust.

A new deeptech fund, 247VC, has been launched by former partners of 100X.VC, with a target corpus of ₹250 crore. This fund will primarily focus on investing in deep technology startups and ventures aligned with the principles of Industry 5.0. Deeptech typically involves cutting-edge scientific discoveries and engineering innovations. By focusing on this niche, 247VC aims to support disruptive technologies that have the potential for significant long-term impact across various sectors. The launch signifies a growing appetite among investors for high-risk, high-reward ventures that are at the forefront of technological advancement.