India, Sept. 18 -- Asiana Fund, the investment platform of the Dani Family Office, and Taiwan-based VC firm JC Capital have launched the Rs.1,000 Cr Asiana-JCC Advanced Manufacturing & Innovation Fund.

The fund comprises a primary corpus of Rs.600 Cr and a greenshoe option of Rs.400 Cr. Sponsors from Asiana Fund and JC Capital will collectively commit more than 20% of the fund corpus.

It will primarily invest in Series A and Series B startups operating across advanced manufacturing and robotics, semiconductors and computing, materials and sustainability, and aerospace and defence. The fund plans to build a portfolio of 12 to 15 startups, with a portion of the corpus reserved for follow-on investments.

Its initial deal pipeline includes...