Celesta Capital - DeepTechTracker

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GLOBAL DEEPTECH / INDIA PRACTICE

Celesta Capital portfolio and investment contacts, editorial summary

Semiconductors: Alif Semiconductor, Altair Semiconductor, Annapurna Labs, Aquantia, Atonarp, Aura Semiconductor

Semiconductors: Credo, Dustphotonics, Eliyan, EtherWhere, Habana Labs, Innovium

Physical AI: Calumino, Canary, Cartesian Kinetics, IdeaForge, Reviver, Stellapps

BioTech: 1Cell.Ai, 5C Network, Alveo, Astranu, Berkeley Lights, Calysta Energy

Energy & Materials: Biomason, Kyulux, Volta Industries

Others: Aispire, Aurascape.ai, Autonomy, Baffle, Brick & Bolt, Clairvolex

Others: Connect & Heal, Crescendo, DataChat, Datometry, Exostellar, H2O.AI

Deeptech across borders.

Semiconductors, AI infrastructure and engineered systems.

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Assets under management$1.1 billion+

Core marketsUS · India · Canada

Investment approachEarly-stage deeptech

Portfolio coverage83 relationships

01 / The fund

From breakthrough to scale

Celesta is a global deeptech investor with an explicit India practice, not an India-only fund. Its current website identifies the US, India and Canada as core markets, reports more than $1.1 billion in assets under management and more than 110 investments, and emphasizes defensible intellectual property, manufacturing knowledge and complex systems integration. The firm began in 2013 and changed its name from WRVI Capital in May 2021.

Its operator-led approach combines technical diligence with support for manufacturability, supply chains and international expansion. AI infrastructure and semiconductors sit alongside engineered hardware, life sciences and software. No universal current cheque size is stated on the manager pages reviewed.

SIDBI's current public commitment table names Celesta India Fund V, with a ₹500 crore target corpus and ₹100 crore sanctioned. Separately, March 2026 press coverage describes a proposed ₹2,000 crore India-focused vehicle. These are different source claims and are not combined into a fund close or an uninvested-capital figure.

Investment approach ↗ · WRVI lineage ↗

02 / Portfolio

Explore the portfolio

83 public investment relationships: all 82 unique records on the current portfolio grid, plus Quartic.ai's original WRVI financing. Celesta reports more than 110 investments overall, so this public reconstruction is not its complete legal holdings register.

Exit and IPO history stays visible. IdeaForge's record explicitly says Celesta exited in June 2024. Aquantia, Berkeley Lights, Quantenna and Volta were subsequently acquired. DustPhotonics' own site now identifies it as part of Credo despite the manager grid's active label. Quartic was acquired by ParkourSC in October 2026. A functioning website or an IPO alone does not prove Celesta still owns a stake.

Company-ownsite checks steer the descriptions. Aispire now describes broadband analytics, ModelCat AI model generation, and Velaura low-power silicon, rather than older manager summaries. Software, construction services and consumer finance remain in Others instead of being relabelled deeptech. Boom's aviation engineering sits in Space Tech's aerospace grouping, without implying it builds orbital systems.

Marks come from the manager's company records. Quartic uses a name label. Historical companies and unavailable or placeholder destinations link to the manager or an evidenced successor record.

Energy & Materials 3

Biomason ↗

Bacteria-grown cement binders that reduce conventional cement production.

From breakthrough to scale

Explore the portfolio

Energy & Materials 3

Physical AI 8

BioTech 8

Semiconductors 28

Space Tech 2

Others 34

Investment team

Nicholas Brathwaite

Michael Marks

Sriram Viswanathan

Matthew Marsh

Anand Chandrasekaran

Arun Kumar

Steve Fu

Terry Gilton

David Goldman

Charles Lespérance

Sudhir Rao

Anita Rehman

Robin Clewley

Riddhi Daftary

Jennifer Erskine

Kyle Jackson

Tushar Krishnan

Limited partners and general partners

SIDBI Fund of Funds for Startups

Legacy-fund general partner

Lip-Bu Tan