First close of early-stage deep-tech impact fund announced by Lavni Ventures
To support India’s most promising science-led startups and bring innovations in energy, healthcare, education, and climate to a global scale, Lavni Ventures has established a Rs 200 crore deep-tech impact fund.
Lavni Fund II seeks to capitalize on the growing popularity of government-backed initiatives such as the Deep Tech Innovation Platform and the National Deep Tech Startup Policy by investing in technologically advanced solutions that can successfully address some of the most difficult issues facing the globe.
The potential of India’s deep-tech ecosystem is best demonstrated by Lavni’s portfolio companies, which include Padcare Labs, Monitra Healthcare, and MedPrime Technologies. Up until FY25, Fund I startups have saved 303 metric tons of CO2 equivalent, over 10,000 healthcare interventions in underserved markets, and over 3.5 million student learning hours.
“The successful launch of Fund II, with strong repeat participation from Fund I LPs, validates our core thesis: Indian deep-tech founders are uniquely positioned to deliver scalable impact and attractive returns,” said Vasu Guruswamy, co-founder and General Partner at Lavni Ventures.
Fund II will invest between Rs 2 crore and Rs 8 crore for each opportunity from the Seed to Series A stage, and between Rs 8 crore and Rs 15 crore for follow-on investments, according to Lavni Ventures. Every year, the fund evaluates more than 800 deep tech deals and uses a selection process that emphasizes exit potential, quantifiable impact, and sustainable business models.
Lavni Ventures is a SEBI-registered Category II Alternative Investment Fund that was founded in 2020 and is run by Vasu Guruswamy, Sanjay Kanvinde, and Krishna Shivram. It funds early-stage startups in the medtech, edtech, cleantech, and agritech sectors and specializes in deep-tech impact investing.
