Lavni Ventures Closes Rs 200 Crore Fund II for Deep-Tech Investments
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Khushi Jain
- September 22, 2026
Early-stage VC firm Lavni Ventures has announced that Fund II, its second early-stage deep-tech impact fund, has closed its Rs 200 crore, approximately $21 million, target in committed capital.
The fund reached its target a year after its first close in August 2025. Fund II retains a green-shoe option of Rs 100 crore.
Fund II follows the fully invested Fund I, with both funds built around a proposition that Indian deep-tech founders can develop globally scalable health and climate solutions in a capital-efficient manner while delivering meaningful returns.
With the target corpus committed, Lavni Ventures will now focus on deploying the capital by identifying and backing founders in India working on innovations with global impact.
Fund II Investments
Fund II has already made its first three investments: Padcare Labs, which recycles sanitary waste; Monitra Healthcare, which builds remote cardiac monitoring devices; and Vidcare, which develops portable at-home diagnostic tests.
These investments build on the track record of hands-on, long-term partnerships established through Fund I.
Fund II focuses on foundational technologies in health and climate. It will deploy Rs 2–6 crore, or $210k–630k, per opportunity at the Seed stage, along with Rs 8–15 crore, or $850k–1.5 million, in follow-on investments, fresh Series A rounds and beyond.
About Lavni Ventures
Lavni Ventures was founded in 2020. Fund II is a scheme of Lavni Ventures Trust, a SEBI-registered Category II Alternative Investment Fund investing in foundational technologies in the health and climate sectors.
FAQs
1. How much capital has Lavni Ventures Fund II committed?
Fund II has closed its Rs 200 crore, approximately $21 million, target in committed capital.
2. When did Lavni Ventures Fund II achieve its first close?
Fund II achieved its first close in August 2025.
3. Which startups have received the first three Fund II investments?
The first three investments are Padcare Labs, Monitra Healthcare and Vidcare.
4. How much does Fund II deploy at the Seed stage?
Fund II deploys Rs 2–6 crore, or $210k–630k, per opportunity at the Seed stage.
5. What sectors does Lavni Ventures Fund II focus on?
Fund II invests in foundational technologies in the health and climate sectors.
