Aum Ventures Launches Rs 750 Crore India Innovation Fund II
The SEBI‑registered Category II AIF plans a July 2026 first close to start backing IP‑led deeptech startups with structured early‑stage checks.
Overview
- Aum Ventures announced the new fund with a target corpus of Rs 750 crore to invest in 25–30 startups over a five‑year investing period.
- The vehicle is registered as a SEBI Category II alternative investment fund, which allows it to raise institutional capital for venture investments.
- Fund II will focus on pre‑seed and seed rounds and will write initial checks of about $750,000 to $2 million while reserving capital for follow‑on rounds.
- The firm expects a first close around July 2026 and plans to deploy capital into deeptech areas such as spacetech, semiconductors and AI.
- Aum Ventures formed in 2022 has already deployed roughly $30 million across 24 early‑stage companies and cites that track record and advisor hires as reasons it can support IP‑driven founders to build globally competitive businesses.