Bengaluru-based semiconductor startup Agrani Labs is in talks to raise Rs 800-850 crore from Samsung, 360 One, and Peak XV Partners. The company also plans to apply for Rs 120-130 crore under the government-backed RDI scheme. This significant capital injection could boost India’s growing footprint in the global semiconductor manufacturing sector.
The Bengaluru-based company is also looking to apply for around Rs 120-130 crore under the government-backed Research, Development and Innovation (RDI) scheme as part of the fundraise, the sources said.
Bengaluru: South Korean conglomerate Samsung, 360 One Asset Management, and existing backer Peak XV Partners are in talks to participate in the Rs 800-850 crore funding round of semiconductor startup Agrani Labs, people aware of the matter told ET.The Bengaluru-based company is also looking to apply for around Rs 120-130 crore under the government-backed Research, Development and Innovation (RDI) scheme as part of the fundraise, the sources