India, March 20 -- VC firm Celesta Capital is planning to launch an India-focused deeptech fund with a target corpus of Rs.2,000 Cr, sources told Inc42.

Celesta Capital has begun discussions with limited partners to raise the capital for the Category II AIF, which has received SEBI's approval. 

It plans to back early-stage deeptech startups, mostly at Series A and B stages, with the fund. The average ticket size is expected to be around $3 Mn to $7 Mn, the sources added.  

Questions sent to Celesta Capital about the launch of the new fund remained unanswered till the time of publishing the story.

The San Francisco-based VC firm has investments across the US, Israel, the UK, India, and China. Its India portfolio includes...