JSW Ventures, the VC arm of JSW Group, plans to launch its third fund to raise between INR 400 Cr to INR 450 Cr from domestic investors.
The second fund of INR 300 Cr has been fully deployed, with participation from family offices and institutions like SIDBI, NABARD, and Ranjan Pai's family office.
JSW Ventures, founded in 2016, focuses on early-stage investments in Indian founders building technology-led solutions in various sectors.
The Indian startup ecosystem is witnessing increased funding activities, with JSW Ventures making previous investments in startups like Purplle and leading funding rounds like StayVista's Series B last month.