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Indian venture capital firm Java Capital announces final close of fund at $6M

Java Capital, an India-based deep tech venture capital fund, has on Tuesday announced the final close of INR 50 crore ($6 million) fund.

Java Capital said in a statement that the fund has seen participation from established founders from the Indian startup ecosystem, high net worth individuals (HNIs) based in India, Middle East and the United States.

With this successful closing, Java Capital plans to open a greenshoe portion of INR 25 Crores, responding to sustained interest from limited partners (LPs).

According to the statement, Java Capital’s mission is to build a portfolio of startups in deep tech, climate tech, and business to business (B2B).

The fund’s commitment to nurturing technology and fostering sustainability aligns with the global demand for innovation in these areas.

The fund has already made five investments in companies, including AuditCue, Okulo Aerospace, Oorja, Pre-image, Frigate.

These investments showcase Java Capital’s commitment to identifying and supporting startups pushing the boundaries of technology and sustainability.

This also reflects the discipline and consistency of the fund, to stick to its focussed thesis of investing in deeptech and climate startups.

Java has previously invested in companies such as Agnikul Cosmos, The Eplane Company, Cynlr, KUKU FM, Eat Better, Codingal, YellowMetal.

The fund has doubled down on some of these companies giving LP’s access to winners for attractive risk adjusted returns.

“Java Capital is thrilled to have reached this significant milestone with the final close of our fund,” said Karteek Pulapaka, Co-founder and Partner at Java Capital.

“We are deeply grateful for the trust and support of our esteemed investors and LPs, who share our vision for pioneering innovation and sustainability in the world of deep tech and climate tech startups,

“With the successful fundraise, we are well-positioned to continue identifying and supporting transformative companies in these sectors,” he added.

Meanwhile, Java Capital LP and Where Is My Train (acquired by google) Co-Founder Nizam said that Java capital has a clear focus on long term bets and invests in interesting companies in deep tech.

“Their team is super transparent and helps me feel close to the startup ecosystem as an LP. Trustworthy fund in the market,” he added.

Java Capital is a SEBI registered pre-seed/seed stage deep tech venture capital fund started by career Venture Capitalists Bhargavi V, Karteek Pulapaka, & Vinod Shankar.

The partners have over 25+ years of cumulative experience across pre-seed, seed, and early stage investments.

Java Capital partners with companies at an idea/prototype stage and actively works with them to achieve product-market-fit stage.

Some of its pioneering early investments include Agnikul Cosmos, The Eplane Company, Cynlr, KUKU FM, Eat Better, Codingal, YellowMetal.