NEW DELHI:
Synapses
, a
venture capital fund
dedicated solely to identifying and supporting
STEM-based solutions
for
climate change
and health, announced its launch recently. Founded by IIT alumni and veteran investors, Ruchira Shukla and Karthik Chandrasekar, Synapses, a $125 million venture fund, fills a critical gap between STEM (Science, Technology, Engineering and Mathematics) ingenuity and commercialisation by backing STEM start-ups to tackle pressing climate and health challenges, a company statement said.
Unlike most deeptech funds in India that have a broad cross-sectoral scope, Synapses has a dedicated focus on climate tech and
health tech
. This allows for deep domain depth and thesis-driven investing. The companies Synapses supports go beyond digitization-based business models, building STEM solutions that have a strong value proposition in global markets beyond India. This also creates the opportunity for global collaboration and technology transfers, it added.
Ruchira Shukla, co-founder and managing partner of Synapses said, “Climate change and an increasing disease burden are the defining challenges of our generation. Synapses is built on the belief that science and technology hold the key to solving these challenges at scale, not just for India, but for the world. We are nurturing a new generation of audacious, path-breaking innovators and helping them build leading global technology businesses to deliver outsized financial returns.”
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