Shastra VC rolls out $100 million fund to invest in AI, deeptech startups
22 May 2026, 05:42 PMCheque sizes are expected to range between $500,000 and $3 million.
Shastra VC, formerly Veda VC, has launched a new fund that will seek to raise $100 million.
The venture capital firm said the new vehicle will focus on sectors including AI, spacetech, defence technology and climate sciences, with investments targeted at IP-led companies from seed to Series A stages and beyond.
Cheque sizes are expected to range between $500,000 and $3 million.
Shastra VC has so far deployed around $55 million across its first two funds and backed more than 35 companies, including Simplismart, Alt Carbon, SISIR Radar and Avammune.
The launch comes as investor appetite for deeptech gathers pace amid rising interest in sovereign technology capabilities, industrial AI applications and scientific innovation.
Even larger venture capital firms like Peak XV, Nexus Venture Partners and Accel that closed their new funds are doubling down on AI investments.



