Aum Ventures, an early-stage venture capital firm focused on deeptech and IP-led innovation, has announced the launch of its second fund, Aum Ventures – India Innovation Fund II, with a target corpus of Rs 750 crore (approximately $80 million).
The new fund aims to support Indian entrepreneurs building innovation-driven, intellectual property-led companies with the potential to compete on a global scale. Through Fund II, Aum Ventures plans to strengthen its commitment to India’s rapidly growing deeptech ecosystem and help founders transform cutting-edge research into globally relevant businesses.
The fund will primarily focus on pre-seed and seed-stage startups, with initial investments ranging from $750,000 to $2 million. In addition to early-stage funding, Aum Ventures will provide follow-on capital through Series A and Series B rounds, enabling portfolio companies to scale their technologies and market presence.
Over the lifecycle of the fund, the firm expects to invest in approximately 25 to 30 startups, targeting sectors where India has the potential to build globally competitive intellectual property and technological leadership.
Founded in 2022, Aum Ventures has already established itself as an active investor in India’s emerging deeptech landscape. The firm has deployed nearly $30 million across 24 early-stage startups, backing companies operating in sectors such as space technology, artificial intelligence, defense technology, and advanced engineering.
Its portfolio includes notable startups such as Skyroot Aerospace, Cosmoserve Space, Sanyark Space, Azimuth AI, and Sharang Shakti. Sharang Shakti, Aum Ventures’ defense technology investment, was recently acquired by LAT Aerospace, the aerospace venture backed by Deepinder Goyal, marking a significant exit for the firm.
As part of its Fund II expansion, Aum Ventures has appointed Nisha Shah as General Partner. Shah brings extensive experience across venture capital, private equity, consulting, and family office investments. Her expertise is expected to strengthen the firm’s investment strategy and portfolio support capabilities as it scales its deeptech investment platform.
Aum Ventures focuses on sectors that are shaping the future of industrial and technological innovation, including space technology, semiconductors, advanced manufacturing, defense technology, and artificial intelligence. The firm believes these areas will play a critical role in India’s ambition to become a global innovation powerhouse.
The launch of Fund II comes at a time when investor interest in deeptech startups is accelerating, driven by government support, increased R&D activity, and growing global demand for breakthrough technologies. With a larger corpus and a dedicated focus on IP-led innovation, Aum Ventures aims to play a pivotal role in nurturing the next wave of Indian technology champions.
By : Arushi Agarwal
