Arun Kumar, managing partner at Celesta Capital
Image: Swapnil Sakhare for Forbes India
As a multi-stage deeptech-focussed venture capital (VC) fund, Celesta Capital is in a sweet spot relating to its presence and investment in India’s fast-growing deeptech startup landscape. The India portfolio, comprising 15 startups out of a total 92 (including exits), is now nearing $100 million in the form of investments, a jump of 43 percent over the 2022-end.
The San Francisco-headquartered Celesta—founded by Michael Marks, Nicholas Brathwaite, Sriram Viswanathan and Lip-Bu Tan in 2013—had started off with investments into US and Israel-based startups, which later spread to the geographies of China, Japan and India.