Micro venture capital firm Warmup Ventures, which has backed startups like Boba Bhai, Nitro Commerce, MiniMines and RocketPay among others, has floated its second fund, with a target corpus of INR 300 Cr (around $35.3 Mn).
The Warmup Fund II, a SEBI registered category II AIF, seeks to sharpen its investments in areas such as deeptech, climate and sustainability. It aims to back 25-30 early-stage startups with an average ticket size of INR 5-7 Cr.
Founded by Sharad Bansal, Rajendra Lora and Yogesh Chaudhary in 2023, Warmup Ventures helps entrepreneurs in scaling up their businesses, raising capital and fostering strong core teams and cultures.
“Having experienced the founder’s journey ourselves, we deeply understand the importance of the right capital in driving a venture’s success. At Warmup, we are dedicated to going beyond funding by equipping early-stage founders with the knowledge and networks to make informed decisions and scale faster”, said Bansal.
The Jaipur-based VC firm claims to have invested in over 15 startups, and plans to continue supporting early stage startups.
