11/08/2026
Early-stage venture capital firm Aum Ventures has announced the first close of its India Innovation Fund II at ₹225 crore, against a target corpus of ₹750 crore (approximately $80 million).
The fund will back pre-seed and seed-stage startups developing IP-led technologies in India for global markets, with a focus on space tech, AI, semiconductors, aerospace, defence tech, robotics, energy transition and advanced manufacturing.
More than 65% of commitments in the first close came from international limited partners across the US, Middle East and other global markets. Aum Ventures plans to invest in 25–30 companies, with initial investments typically ranging from $750,000 to $2 million, while reserving capital for follow-on rounds.
The new fund builds on Aum's first fund, launched in 2023. The firm said Fund I has recorded a 2.23X gross MOIC and 53% gross IRR so far.
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