Deeptech startup Raana Semiconductors Pvt. Ltd. (RSPL) has raised $3 million in a seed round led by Equirus Innovatex Fund and Artha Venture Fund, with participation from IvyCap Ventures, PointOne Capital, CIIE Initiatives (IIMA Ventures) and angel investor Garimella Laxminarayana.
This marks the company’s first institutional funding and was raised through a pure equity round.
The proceeds will be used to accelerate R&D and product development of indigenous Czochralski (CZ) silicon ingot growth systems. The firm is initially focusing on building…

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