Aum Ventures Raises Rs 225 Crore for Rs 750 Crore Deeptech Fund in 2026
Discover how Aum Ventures raised Rs 225 crore for a Rs 750 crore fund targeting Indian deeptech startups in 2026. Learn about the sectors, international investors, and government support.
LazyFounders
30 SEC SUMMARY
Aum Ventures has secured Rs 225 crore in the first close of a Rs 750 crore fund dedicated to Indian deeptech startups in 2026. The fund targets sectors like spacetech, semiconductors, and AI. Over 65% of the initial commitments came from international investors. The fund aims to invest in 25-30 companies, with initial investments ranging from $750,000 to $2 million.
TABLE OF CONTENTS
INTRODUCTION
In 2026, Aum Ventures has made a significant move in the deeptech startup ecosystem by raising Rs 225 crore in the first close of a new Rs 750 crore fund. This fund is designed to provide substantial backing to Indian deeptech startups, aligning with growing policy support for innovation-driven sectors.
FUND DETAILS
The India Innovation Fund II aims to target pre-seed and seed-stage companies in various high-growth sectors. The fund targets an investment of about $80 million (Rs 750 crore) and plans to invest in 25 to 30 companies. Initial investments are expected to range from $750,000 to $2 million, with additional capital reserved for later Series A and Series B rounds.
SECTORS OF FOCUS
Aum Ventures’ new fund focuses on several cutting-edge sectors:
- Spacetech
- Semiconductors
- Defence-tech
- AI
- Robotics
- Energy transition
- Advanced manufacturing
INTERNATIONAL INVESTOR PARTICIPATION
More than 65% of the commitments in the first close came from international limited partners across the US, Middle East, and other markets. This significant international participation underscores the global interest in Indian deeptech startups.
GOVERNMENT SUPPORT
The investment landscape in India is bolstered by robust government support for research-intensive technology. The Rs 1 lakh crore Research, Development and Innovation Fund, approved in 2025, aims to increase private-sector participation in high-risk R&D, including quantum computing, robotics, space, AI, and energy transition.
SKYROOT AEROSPACE CASE STUDY
Skyroot Aerospace exemplifies the type of company Aum Ventures seeks to back. Aum Ventures was an early investor in Skyroot Aerospace, which recently made history by launching India’s first privately developed rocket, Vikram-I, into orbit in July 2026. Skyroot also became India’s first space-tech startup to reach a $1 billion valuation after a $60 million funding round in May 2026.
AUM VENTURES’ VISION
Chetan Mehta, founding partner at Aum Ventures, emphasized the firm’s ambition to back exceptional Indian entrepreneurs from the earliest stages and help them build global companies. Mehta stated, “With Fund II, our ambition is to back exceptional Indian entrepreneurs from the earliest stages and help them build global companies; companies that don’t just solve for India, but solve for the world. We want to play a meaningful role in taking Indian innovation from the laboratory and engineering floor to global markets.”
COMPARISON OF DEEPTECH FUNDS
| Fund Name | Amount Raised (Rs Crore) | Sectors of Focus | Launch Year | Key Investors |
|---|---|---|---|---|
| Aum Ventures Fund II | 225 (first close) | Spacetech, AI, etc. | 2026 | International LPs |
| Piper Serica Bharat Tech Fund | 300 (first close) | Semiconductors, AI, etc. | 2026 | International LPs |
FAQ
**Q1: What sectors does Aum Ventures’ new fund focus on? **A1: The fund targets sectors such as spacetech, semiconductors, defence-tech, AI, robotics, energy transition, and advanced manufacturing.
**Q2: How much capital is Aum Ventures aiming to raise in total? **A2: Aum Ventures aims to raise Rs 750 crore in total.
**Q3: What is the significance of Skyroot Aerospace in Aum Ventures’ portfolio? **A3: Skyroot Aerospace is a notable portfolio company that achieved significant milestones, including launching India’s first privately developed rocket into orbit and reaching a $1 billion valuation.
CONCLUSION
Aum Ventures’ new fund is a testament to the growing institutional support for Indian deeptech startups. With substantial international investor participation and robust government backing, the fund aims to foster innovation and global competitiveness in key technology sectors.
CALL-TO-ACTION
For more insights into the deeptech startup ecosystem, visit blogy.in.
Sources
This story is an original summary and analysis written by LazyFounders from the reporting listed above. Facts are attributed to their original publishers; sections marked as analysis are LazyFounders's opinion. Where a source is in another language, facts were machine-translated and quotations are reported, not reproduced. Read the original coverage via the links.
