Industrial47 Secures Rs 85 Crore First Close For Debut Fund

27 Aug 2026, 2:44 pm · 16d ago · 1 min read · YourStory

Amount

Rs 85 Cr

Stage

First Close

Pre-seed venture capital firm Industrial47 has announced the first close of its debut fund at Rs 85 crore, aiming for a total corpus of Rs 200 crore, including a Rs 50 crore greenshoe option. Founded by Rahul Seth, the fund received backing from family offices, industrial groups, and notable operators, including Swiggy co-founder Nandan Reddy. Industrial47 plans to invest cheque sizes ranging from Rs 2 crore to Rs 10 crore in 15 to 20 frontier technology startups across defence, space systems, energy, and advanced manufacturing to boost domestic technological sovereignty and strategic infrastructure capabilities.