Aum Ventures plans to invest Rs 750 crore in innovative startups in 5 years
VC firm Aum Ventures has launched its second fund, Aum Ventures – India Innovation Fund II, with a target corpus of Rs 750 crore (about $80 million), which it plans to invest in 25-30 innovative start-ups over the next five years, a senior official of the fund said on Thursday.
DeepTech and IP-led innovation-focused Aum Ventures has earlier backed deeptech companies like Skyroot Aerospace, semiconductor start-up Azimuth AI, Cosmoserve Space, AI-based defence tech firm Sharang Shakti, etc.
