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Aum Ventures launches second fund of Rs 750 crore

By Startup Enthusiast · 12 June 2026

What they do

Aum Ventures is an early-stage venture capital firm investing in deeptech startups

It launched its second fund, India Innovation Fund II, targeting Rs 750 crore for pre-seed and seed investments

The fund will focus on space tech, semiconductors, AI, defence, and advanced manufacturing

Aum Ventures launched its second fund, named India Innovation Fund II.
The fund has a target corpus of Rs 750 crore (approximately USD 80 million).
It is a SEBI-registered Category II AIF (Alternative Investment Fund).
The fund plans to invest in 25-30 startups over five years.
It will focus on pre-seed and seed stage investments.
Initial cheque sizes will range from USD 750,000 to USD 2 million.
The fund will also provide follow-on capital through Series A and Series B rounds.
The first close is expected in July 2026.

Aum Ventures previously deployed ~USD 30 million across 24 early-stage companies since its founding in 2022.
Its portfolio includes Skyroot Aerospace, which became India's first spacetech unicorn in 2026.
Another portfolio company, Sharang Shakti, was acquired by LAT Aerospace.
The fund launch comes amid growing government support for deeptech, including the Startup India age limit extension and the Rs 1 lakh crore RDI scheme.
Indian deeptech startups raised ~$500 million across 87 deals in 2025 and $166 million in Q1 2026.

Aum Ventures is an early-stage venture capital firm founded in 2022.
It focuses on deeptech sectors including space technology, semiconductors, AI, defence technology, and advanced manufacturing.
The firm's thesis is to back Indian founders building IP-driven, innovation-led companies with global potential.
Its investment criteria include strengthening national capability, building durable IP moats, competing globally, and strong governance.
The firm has deployed approximately USD 30 million across 24 early-stage companies from its first fund.
Its portfolio includes Skyroot Aerospace, Azimuth AI, Cosmoserve Space, Sanyark Space, Sharang Shakti, Validus, Gimbal Space, Swirepay, Zime AI, Helogen, Llumo, and Latent AI.