SEBI Reg. Category II AIF

    We Backed India's
    Deep Tech
    Before It Had a Name.

    Partners investing since 2012. SEBI-registered fund. Thesis-driven capital for founders building companies that are structurally non-disruptible.

    Semiconductors and Advanced Materials

    Space, Defence and National Infrastructure

    Energy, Robotics and Autonomous Systems

    Vertical AI and Enterprise AI

    Our Journey

    From First Cheque
    to Fund II

    1

    2012

    The Partners Begin Investing

    SilverX's founding partners start backing Indian startups, building deep conviction and networks across SaaS, consumer technology and deeptech.

    2

    2022

    Silverneedle Ventures, Fund I

    Fund I launches with a corpus of Rs 76 Cr. Sixteen companies backed across SaaS, consumer technology and deeptech. Fully deployed in under 24 months.

    3

    2025

    SilverX Fund, Fund II

    Rebranded as SilverX Fund. Fund II launched at ₹800 crores with a ₹400 crore greenshoe option. SEBI Category II AIF registered as IN/AIF2/25-26/2027.

    4

    2026

    First Drawdown Opens

    Capital deployment begins. Four to six investments targeted by year end, ten to twelve by 2027. Focused on non-disruptible deep-tech companies across India.

    What We Pass On

    Consciously
    Out of Scope

    Generic AI wrappers

    No proprietary data. No real moat. Just a thin layer on top of GPT.

    Quick commerce

    Capital intensity is brutal and unit economics have not worked at scale after years of trying.

    Mass market edtech

    No structural advantage or distribution edge that compounds over time.

    D2C consumer brands

    Brand alone is not a moat in India's consumer market. We need technology or data before we get interested.

    Fund Structure

    Governance
    and Registration

    Registration

    SEBI Category II AIF, IN/AIF2/25-26/2027

    Trustee

    Orbis Trusteeship Services Private Limited

    Sponsor

    SilverX Sponsors LLP

    Fund Corpus

    ₹800 Cr with ₹400 Cr greenshoe

    Investment Stage

    Seed+ to Series A/B, India Primary Market

    Fund Tenure

    8+1+1 years, maximum 10 years