Agrani Labs secures $108M as chipmakers and VCs bet big on India’s semiconductor push

Samsung Ventures and Google are also investing, along with Stargazer, the fund linked to Groww’s founders. The deal follows an increase in Agrani’s valuation, though the exact figure hasn’t been shared.

This funding highlights how India’s chip industry is attracting more corporate investors beyond AI hardware. Peak XV’s leading role also aligns with its recent shift toward deeptech hardware, including raising its Surge seed program’s investment cap to $5 million per startup earlier this month.

Stargazer’s involvement connects Agrani to India’s fintech-backed venture scene, an unusual overlap in the semiconductor sector. The size of the round and the investor group imply Agrani is aiming for more than specialized applications—though its exact technology plans are still unclear. With global chip firms and VCs now competing for Indian startups, the funding could either speed up product development or signal a push into broader areas like foundry or design services.

Sources: economictimes.indiatimes.com