AUM Ventures Launches ₹750 Cr Fund To Back Deeptech Startups

by · Inc42

SUMMARY

  • Aum Ventures has launched its ₹750 Cr India Innovation Fund II, targeting early-stage startups in sectors like spacetech, semiconductors, AI, and defence tech
  • The fund will back 25-30 companies, aiming to write cheques of around $750,000 to $2 Mn for startups at pre-seed and seed stage, with provisions for follow-on funding
  • This comes soon after Aum Ventures’ portfolio company Skyroot Aerospace became India’s first spacetech unicorn, valued at $1.1 Bn