Venture Capitalist

BGMI maker Krafton will invest in five VC funds and about half a dozen Indian startups by year-end, committing $50-60 million annually as it shifts its focus beyond gaming to AI and consumer internet.

Mirae Asset Venture Investments India is raising ₹1,800 crore for its second fund, targeting Series B-D companies and betting on technology, AI, advanced manufacturing and deeptech.

Accel announced its ninth India fund on Wednesday, with $550 million in commitments, as part of a $3.5-billion global fundraise. The firm has identified AI, consumer internet, financial technology, advanced manufacturing and deeptech as focus areas for the vehicle.

Accel has raised $550 million for its ninth India fund, returning to the market just 18 months after its previous vehicle as it bets that AI, deeptech and early-stage startups will drive the next cycle.

Gaja Capital is stepping up its deeptech focus as India’s innovation ecosystem matures, with AI, intelligent manufacturing, defence and quantum technologies emerging as key areas of interest.

Omnivore will deploy most of its remaining Fund III capital into deep science and agrifood consumer brands as it prepares for Fund IV and bets on physical AI, robotics and high-protein food trends.

The second fund is nearly double the size of Transition VC's maiden ₹800 crore (around $77 million) investment vehicle.

Rize has raised $31 million in a Series B round of equity and debt to expand in Vietnam and Indonesia. The company is also evaluating an India entry, likely starting with southern rice farmers, within the next six months to a few years.

Kenro Capital is nearing the final close of a $120-150 million fund to back late-stage secondary deals, betting on rising demand for liquidity as startups stay private for longer.

Elevation Capital joins a growing list of VC firms that have raised, or are in the process of raising, fresh capital over the past year.