# Bluehill.VC Closes Maiden ₹400 Cr Frontier Tech Fund

2026-08-13T10:03:15+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Bluehill.VC has closed its maiden frontier tech fund at ₹400 crore, including a ₹50 crore greenshoe option. The fund will back early-stage companies in defence, space, semiconductors, energy and advanced manufacturing. Investors include SIDBI and the governments of Kerala and Uttar Pradesh. The firm plans a concentrated portfolio of 15-16 companies with average first cheques of $1-2 million. Bluehill has already deployed over ₹100 crore across seven companies and aims to deploy another ₹80 crore over the next six months. Its portfolio includes space-tech startup EtherealX and counter-drone firm Zebu Intelligent Systems. However, the two sources disagree on the firm's founding year: Inc42 says 2017, while the Times of India says 2024.

## Coverage

- inc42.com <https://inc42.com/buzz/bluehill-vc-marks-final-close-of-%E2%82%B9400-cr-maiden-frontier-tech-fund/>
- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/city/bengaluru/bluehill-vc-closes-maiden-fund-at-rs-400-cr/articleshow/133213478.cms>

Tags: Bluehill.VC, deeptech startups, frontier tech, India startup funding, venture capital
Canonical: https://indianopinion.org/bluehill-vc-closes-maiden-rs-400-cr-frontier-tech-fund/
License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources.
Cite: https://indianopinion.org/bluehill-vc-closes-maiden-rs-400-cr-frontier-tech-fund/#story-in-brief

Review state: restored archive article, accurate at time of publication, not offered to search indexes.