SynopsisVC firm Aum Ventures has launched its second fund, India Innovation Fund II, targeting Rs 750 crore. The fund aims to invest in 25-30 innovative, IP-driven startups over five years, focusing on pre-seed and seed-stage companies. This follows their previous deployment of $30 million across 24 early-stage ventures.AgenciesVC firm Aum Ventures has launched its second fund, Aum Ventures - India Innovation Fund II, with a target corpus of Rs 750 crore (about $80 million), which it plans to invest in 25-30 innovative start-ups over the next five years, a senior official of the fund said on Thursday.DeepTech and IP-led innovation-focused Aum Ventures has earlier backed deeptech companies like Skyroot Aerospace, semiconductor start-up Azimuth AI, Cosmoserve Space, AI-based defence tech firm Sharang Shakti, etc."Aum Ventures announced the launch of its second fund, Aum Ventures - India Innovation Fund II, with a target corpus of Rs 750 Crore (approximately $80 million) to back Indian Founders building IP-driven, innovation-led companies, which have the potential to compete globally. The Fund is a SEBI-registered Category II AIF," the firm said in a statement.Aum Ventures, which was formed in 2022, has deployed around $30 million capital across 24 early-stage companies."First close expected in July 2026. Over the investing term of five years, we expect to make 25-30 investments," Aum Ventures, Founding Partner, Chetan Mehta said.The new fund will primarily invest in pre-seed and seed-stage startups, with initial cheque sizes ranging from $750,000 to $2 million and then provide follow-on capital to the startups, the statement said. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now