Early-stage venture capital agency Aum Ventures has raised Rs 225 crore within the first shut of its India Innovation Fund II, which has a goal corpus of Rs 750 crore.

Greater than 65% of commitments got here from worldwide restricted companions throughout the US, the Center East and different world markets. Investors embrace household workplaces, entrepreneurs and strategic traders.

“The profitable first shut of India Innovation Fund II displays the arrogance our traders have positioned in our workforce, our investment philosophy and, most significantly, the founders we again,” stated Chetan Mehta, founding associate at Aum Ventures.

The fund will primarily make investments on the pre-seed and seed phases, with preliminary investments starting from $750,000 to $2 million.

Aum Ventures plans to order capital for follow-on investments by way of Collection A and Collection B rounds and expects to again between 25 and 30 corporations over the fund’s lifecycle.

Its focus areas embrace house and aerospace, AI, semiconductors, defence expertise, robotics, vitality transition, superior manufacturing and different frontier applied sciences.

The agency is concentrating on mental property-led corporations constructing expertise in India for world markets.

Aum Ventures stated it’ll additionally help portfolio corporations by way of entry to worldwide markets, strategic partnerships, expertise and trade experience.

India Innovation Fund II is registered with the SEBI as a Class II different funding fund.

The brand new car follows Aum Ventures’ maiden enterprise fund, which was formally launched in Abu Dhabi World Market in November 2022.

In accordance with Aum Ventures, its first fund has recorded a gross MOIC of two.23x and a gross IRR of 53%.

Aum was an early investor in Skyroot Aerospace, which grew to become India’s first spacetech startup to succeed in a $1 billion valuation in Could 2026 after elevating $60 million. Its portfolio additionally contains Azimuth AI, Cosmoserve Area, Sanyark Area, Sully AI and Latent AI.

The agency has recorded an exit from robotics startup Sharang Shakti following its acquisition by LAT Aerospace.