Speciale Invest, an early-stage venture firm focused on deep tech, has raised Rs 120 crore ($16 million) for its second fund topping the target of Rs 100 crore. Managing partner Vishesh Rajaram said the amount above the target for the second fund comes from rich persons and family offices. The fund expects to invest in 18-20 startups in sectors including SaaS (software as a service), space-tech, robotics, photonics and alternative energy. Speciale Invest was started in 2017 by Rajaram, a former Ventureast principal, and Travel Yari co-founder Arjun Rao.