Micromax Earmarks ₹250 Crore Family Office Fund For Deeptech Startups

27 Aug 2026, 2:16 am · 17d ago · 1 min read · Inc42

Amount

₹250 Cr

Consumer electronics manufacturer Micromax Informatics has established a family office with a ₹250 crore corpus to back deeptech startups across India and international markets. The vehicle will invest in Pre-Series A to Series B startups building intellectual property in artificial intelligence, semiconductors, defence technology, spacetech, and robotics. Investment head Aakil Garg stated initial cheque sizes will range between ₹10 crore and ₹20 crore. Co-founder Rahul Sharma noted that beyond financial backing, Micromax aims to assist early-stage founders by offering its domestic manufacturing capabilities, supply chain ecosystem, and industry partnerships to accelerate commercialisation.