Investment Fund by 888 VC to Boost AI and Deep Tech Startups

Investment fund 888 VC, known for its early-stage acceleration, has introduced a Rs 175 crore venture fund. This funding is aimed at supporting the next generation of artificial intelligence, deep tech, and sustainability startups in the nation, specifically targeting innovative founders whose solutions not only tackle local challenges but also possess the capability to reshape international markets.

Investment Strategy and Target

Over the next three years, this investment fund plans to channel resources into Indian startups that have a global perspective, with typical investment amounts ranging from Rs 2 crore to Rs 4 crores. The focus will be on technologies that can scale into high-growth environments such as the UAE, the US, and other markets.

Introduction of GRO8 Platform

In conjunction with the fund, 888 VC revealed GRO8, which is touted as the largest cross-border investment and mentorship platform in the region. GRO8 aims to fill significant gaps in the early-stage startup ecosystem, particularly in areas like access to funding, mentorship, and market linkages.

Market Insights on AI and Deep Tech

According to market studies, AI startups in India are expected to surpass $17 billion by 2027. Funding for deep tech has reportedly increased 2.5 times over the past three years, propelled by advances in enterprise SaaS and frontier technologies. Furthermore, sustainability startups alone have secured approximately $2.5 billion in 2024.

Leadership and Vision of 888 VC

Founded and led by Rohit Bafna, 888 VC merges substantial industry knowledge and a pragmatic approach to accelerate the growth of startups. The venture capital firm is dedicated to driving innovation across artificial intelligence, deep tech, and sustainability sectors. Actively operating in India, the UAE, and the US, this investment fund aspires to foster category-defining startups and facilitate scalable global progress.

Performance Metrics

The VC firm maintains that it has assessed 500 startups, financed over 20 companies, and allocated more than $12 million in syndicated capital. Currently, the accelerator fund boasts a portfolio valued at over $500 million.