Key facts
- Aum Ventures has launched its second fund, India Innovation Fund II.
- The fund aims to raise Rs 750 crore (approximately $80 million).
- The fund will invest in 25-30 innovative, IP-driven startups over five years.
- Investments will focus on pre-seed and seed-stage companies.
- Initial investments will range from $750,000 to $2 million, with follow-on capital planned.
- Aum Ventures has previously invested $30 million in 24 early-stage companies.
Venture capital firm Aum Ventures has launched its second fund, India Innovation Fund II, with a target corpus of Rs 750 crore (approximately $80 million). The fund is registered with SEBI as a Category II Alternative Investment Fund (AIF).
Over the next five years, Aum Ventures plans to invest this capital in 25 to 30 innovative, intellectual property-driven startups, focusing on pre-seed and seed-stage companies. Initial investments will range from $750,000 to $2 million, with provisions for follow-on funding.
This initiative follows Aum Ventures' previous deployment of approximately $30 million across 24 early-stage ventures. The firm has a history of backing deeptech and IP-led companies, including Skyroot Aerospace, semiconductor startup Azimuth AI, Cosmoserve Space, and AI-based defense tech firm Sharang Shakti.