The second fund of early-stage venture capital firm StartupXseed Ventures was closed at ₹243 crore, oversubscribed by 20% compared to its initial target. StartupXseed was founded by BV Naidu (Former Director STPI) along with Mohandas Pai (through Aarin Capital), Ramakrishna V and Ravi Thakur. Fund II will invest between ₹5 - ₹12 crore in enterprise SaaS and deeptech startups.