Bluehill VC to back IP-led deeptech startups

CHENNAI-BASED INVESTMENT FIRM Bluehill VC is planning to ramp up its bets on intellectual property-driven deeptech startups, with five early-stage investments expected by the end of FY26.

- S SHANTHI

With a sharp focus on sectors such as semiconductors, defence, energy, and advanced materials, the firm is looking to back startups working on foundational technologies where India has both a strategic need and growing technical depth.

"These are segments where we see the potential for globally relevant innovation," Manu Iyer, general partner and co-founder at Bluehill VC, told FE. The firm is deploying capital from its $50 million fund and is targeting initial investments of $1-1.5 million, with a follow-on capacity of up to $3 million.