Aum Ventures marks first close at Rs.225-Cr for Rs.750-Cr India Innovation Fund II

Mumbai-based venture capital firm Aum Ventures has raised INR 225 crore in the first close of its India Innovation Fund II. The firm is targeting a corpus of INR 750 crore. The fund received participation from both new and existing investors, with international limited partners from the US, the Middle East, and other global markets contributing more than 65% of the total commitments.Aum targets IP-led technology companies and expects to invest in 25-30 companies from the new fund with a focus on space tech, AI, semiconductors, aerospace, defence tech, robotics, energy transition, and advanced manufacturing. This second fund follows Aum Ventures' first fund, which was launched in 2023. Portfolio companies include Skyroot Aerospace, Azimuth AI, Cosmoserve Space, Sanyark Space, Sully.ai, and Latentai.