Aum Ventures Raises Rs 225 Cr First Close of Deeptech Fund
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- Aum Ventures raised Rs 225 crore in the first close of its India Innovation Fund II, a fund with a total target of Rs 750 crore
- India Innovation Fund II is aimed at early-stage Indian deeptech startups, with focus sectors spanning space, semiconductors, AI, defence and advanced manufacturing
- The Rs 225 crore first close represents roughly 30% of the Rs 750 crore total fund target, meaning a majority of the corpus still needs to be raised before the fund reaches full size
Why it matters: Aum Ventures is committing capital specifically to early-stage deeptech in strategic sectors — semiconductors, AI, defence, space — where India has been pushing for self-reliance. The Rs 225 crore first close against a Rs 750 crore target shows credible initial LP appetite but also leaves the bulk of fundraising still ahead.
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