VC 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 startups over the next five years, a senior official of the fund said.
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 $30million capital across 24 early-stage companies.
