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Speciale Invest

Speciale Invest is a Chennai-based deeptech venture capital firm founded in 2017 by Vishesh Rajaram and Arjun Rao, investing at the seed and early stage in frontier technologies including spacetech, semiconductors, robotics, quantum and climate. Its space-economy portfolio includes launch-vehicle maker Agnikul Cosmos and multi-sensor Earth-observation startup GalaxEye Space. In 2025 it began raising a roughly Rs 1,400 crore (about $156 million) growth-stage fund to continue backing deeptech startups.

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Launches

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Payloads in Orbit

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Active Sats (reported)

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Funding Raised

Products & Services

Agnikul Cosmos

operational
space portfolio company (launch vehicles)

Chennai-based small-satellite launch startup backed by Speciale Invest; conducted the world's first launch of a single-piece 3D-printed rocket engine in May 2024.

GalaxEye Space

development
space portfolio company (Earth observation)

Multi-sensor satellite imaging startup in the Speciale Invest portfolio; raised a $10 million Series A to advance its fused SAR-plus-optical Earth-observation technology.

Speciale Invest Growth Fund II

development
fund vehicle

Growth-stage deeptech fund targeting about Rs 1,400 crore (~$156 million) to back 12-15 startups with average cheques of $5-8 million.

Key Challenges

Long capital-intensive development cycles and deferred exits typical of hardware/spacetech betsScaling from early-stage cheques to larger growth-stage deployment via the new fundLimited domestic later-stage and follow-on capital for Indian deeptech companies
Roadmap
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Close of ~Rs 1,400 crore ($156M) growth-stage deeptech fund
in progress
Event Timeline (0 events)

No events recorded.