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- Micromax Informatics has launched a family office with a corpus of Rs 250 crore to invest in next-generation startups in India and overseas, targeting sectors including AI, semiconductors, defence technology, space technology and robotics.
- The family office will primarily invest in businesses from the pre-Series A to Series B stages, with an emphasis on differentiated technologies and intellectual property that can be scaled commercially.
- Initial investments will average between Rs 10 crore and Rs 20 crore, according to Aakil Garg, Investment Head at Micromax Informatics.
- Micromax will look for founders building businesses at scale where the company's technology and industry network could provide support beyond capital.
- Portfolio companies will get access to Micromax's wider ecosystem as they move from product development to commercialisation.
- MiPhi Semiconductors, a joint venture between Micromax Informatics and Taiwan-based Phison Electronics, is expected to give startups access to semiconductor technology networks and global partnerships.
- Bhagwati Products' manufacturing capabilities would help portfolio companies tap into relevant networks and manufacturing expertise as they seek to move products into commercial production and scale operations.
- Co-founder Rahul Sharma said deeptech startups were at the forefront of a technology-led shift that could shape the economic and strategic landscape for decades, and that building globally competitive deep-tech companies requires access to far more than capital.
Micromax Informatics has established a ₹250 crore family office aimed at investing in deeptech startups, both in India and internationally. The focus will be on sectors such as AI, semiconductors, defence technology, space technology, and robotics.1
The family office plans to invest primarily in businesses at the pre-Series A to Series B stages, emphasizing differentiated technologies and intellectual property that can be commercially scaled. Aakil Garg, Investment Head at Micromax, stated, “We are looking at an average initial ticket size of ₹10-20 crore, with the flexibility to back both Indian and global startups where we see strong technology and long-term strategic potential,” highlighting the initiative's broad scope.34
Micromax aims to leverage its extensive ecosystem to assist portfolio companies in transitioning from product development to commercialization. The joint venture with Taiwan-based Phison Electronics, MiPhi Semiconductors, is expected to facilitate access to semiconductor technology networks and global partnerships.7
Additionally, Bhagwati Products’ manufacturing capabilities will support startups in scaling operations and moving products into commercial production. Co-founder Rahul Sharma remarked, “While entrepreneurial ambition and innovation are stronger than ever, building globally competitive deep-tech companies requires access to far more than capital,” underscoring the comprehensive support the family office intends to provide.910
“The family office will focus on pre-Series A to Series B investments, with initial tickets averaging Rs 10-20 crore. It will leverage MiPhi Semiconductors, a joint venture with Taiwan's Phison Electronics, and Bhagwati Products' manufacturing to support portfolio companies beyond capital.”
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