SynopsisChennai-based Bluehill.VC has raised Rs 408 crore for its initial deeptech venture fund. The firm has already deployed approximately Rs 100 crore across seven companies and plans to invest in sixteen startups, focusing on proprietary technologies. The venture fund intends to raise additional growth and early-stage funds over the next four years.Deeptech venture capital firm Bluehill.VC has raised Rs 408 crore for its maiden fund, including the full exercise of a Rs 50 crore greenshoe option, as investor interest in frontier technology and science-led innovation grows.The Chennai-based firm has already deployed around Rs 100 crore from the fund across seven companies and plans to back 15-16 startups, with an average first cheque of $1-2 million.The venture fund backs startups developingNow Playing