India, Dec 11th: BYT Capital, an India-focused deep–tech venture capital firm founded by Amit Chand,Dinesh Kumar, and partners with deep experience across research-led innovation and early–stage investing, today announced the launch of its maiden ₹180 crore Category II AIF. The fund is created to back founders building at the frontier of scientific and engineering innovation.
Amit brings over two decades of leadership experience across corporate strategy, entrepreneurship, and early–stage investing, while Dinesh Kumar add a decade of expertise backing emerging ventures as co-founder of FAAD Capital. With strong early investor participation and more than half the corpus already subscribed, the fund is expected to reach its final close by Q3 2026.
India’s deep–tech startup ecosystem secured over $600 million in funding in 2025, propelled by developments in artificial intelligence, clean energy, and space technology. BYT Capital’s launch contributes to the expanding pool of patient, technical capital supporting frontier R&D enterprises within the country.
The fund is backed by a network of India-aligned HNIs and family offices who see deep–tech as a long-horizon, high-impact asset class. The fund will deploy capital across 18–20 deep–tech startups, with ₹3–6 crore initial cheques and 55% of the corpus reserved for follow-on rounds.
In its first year, the fund has already committed investments across sectors, including space technology, life sciences, robotics, and clean energy, each representing high-value IP emerging from Indian engineering and research ecosystems. These early bets reflect BYT Capital’s thesis that the next wave of enduring companies will be built at the intersection of science, purpose-built engineering, and global industrial demand.
The fund will focus on startups translating lab-stage discoveries into scalable products with global market pull. BYT Capital will partner early with scientific founders building in areas such as space, life sciences, energy, frontier AI, and next-generation engineering systems—technologies that require patient capital, technical diligence, and hands-on incubation.
“India is entering a phase where scientific entrepreneurship can deliver venture-scale outcomes,” said Amit Chand, Founder of BYT Capital. “DeepTech is the new infrastructure layer—an unseen but essential foundation for the next era of industrial and economic growth. It enables strategic independence, propels high-value manufacturing, and strengthens India’s position in global frontier innovation. Advances in materials, quantum, defense, clean energy, and AI-for-science are transformative, creating new capabilities, reconfiguring supply chains, and opening markets that didn’t exist before.”
Over the long term, BYT Capital aims to build an institutional platform for Indian deep–tech, supporting founders from early scientific innovation to global commercialization. The firm’s vision is to enable Indian technologies to reach international markets while contributing to the country’s strategic capabilities and competitiveness.