Exfinity Venture Partners Launches Rs 1,100 Crore Fund IV for Deep-Tech and Quantum Computing
Exfinity Venture Partners has filed with SEBI to launch its fourth fund, aiming for a corpus of Rs 1,100 crore. The new fund will focus on deep-tech sectors while expanding into emerging areas like quantum computing and climate technology.
The firm plans to maintain its early-stage investment approach but will allocate more capital to follow-on rounds for high-potential businesses.
Exfinity’s Fund IV will target sectors such as semiconductors, physical AI, advanced compute, robotics, and enterprise AI software. It will also explore newer categories, including photonics, hydrogen and energy systems, life sciences, and mobility. The fund is currently in the launch and fundraising stage, with no specific portfolio companies named yet.
The firm has backed around 40 startups so far, with 17 investments from its third fund and one more deal pending. Past successes include early bets on Kinara (acquired by NXP Semiconductors) and Chara Technologies, both now validated in global markets. Pixis, an adtech startup, also delivered a 60X return on invested capital, boosting Fund II’s performance.
Exfinity expects to hold investments longer in select companies from the new fund, potentially supporting them up to Series C. Managing Partner Shailesh Ghorpade noted a shift in how global enterprises approach innovation, with strategic mergers and acquisitions becoming a key exit route.
The launch follows a series of successful exits, including the acquisition of Kinara.ai by NXP Semiconductors. This momentum reinforces Exfinity’s focus on high-growth, deep-tech opportunities.
The new fund will allow Exfinity to deepen its investments in cutting-edge technologies while exploring fresh sectors. With a larger allocation for follow-on rounds, the firm aims to support startups through later growth stages. The Rs 1,100 crore target reflects confidence in India’s deep-tech ecosystem.
