Early-stage venture capital firm Aum Ventures has launched its second fund with a target corpus of Rs 750 crore as it looks to continue backing deeptech and IP-led startups in the country.
The new fund will primarily invest at the pre-seed and seed stages of funding with initial cheque sizes ranging from $750,000 to $2 million and then provide follow-on capital up to Series A/B stages.
Over its lifecycle, Fund II is expected to support 25–30 startups.
The second stage will invest in segments of spacetech, semiconductors, AI and other frontier tech sectors.
"India is at a unique inflection point where policy support, talent, and capital availability are converging to create unprecedented opportunities for DeepTech and innovation," said Chetan Mehta, Founding Partner, Aum Ventures.
