Celesta Capital, the investment firm that backed ideaForge, is looking to invest in 10-15 Indian startups in the next 12 months. The firm is targeting startups in the artificial intelligence, cybersecurity, and healthcare sectors. Celesta has already invested in a number of Indian startups, including ideaForge, Detectify, and MedGenome. The firm is looking for startups with strong teams and innovative products.
In a statement, Celesta Capital’s senior partner Gani Subramaniam said: “We are excited to continue our investment in India. We believe that the Indian startup ecosystem is one of the most vibrant in the world, and we are confident that we can find some great companies to invest in.”
Celesta is a venture capital firm with over $1 billion in assets under management. The firm was founded in 2005 and is headquartered in San Francisco. Celesta has a strong track record of investing in successful startups, including ideaForge, which was acquired by Elbit Systems in 2021 for $200 million.
The investment in Indian startups is a sign of the growing interest in the Indian tech ecosystem. India is home to some of the world’s leading tech startups, such as Flipkart, Paytm, and Byju’s. The Indian tech market is expected to grow to $350 billion by 2025.
Celesta is well-positioned to capitalize on the growth of the Indian tech market. The firm has a strong track record of investing in successful startups, and it has a deep understanding of the Indian market.