Warmup Ventures has announced the launch of its second fund, Warmup Fund II, a SEBI-registered Category 2 AIF, with a corpus of Rs 300 crore. The fund is designed to support transformative sectors like deep-tech, climate, and sustainability, aiming to invest Rs 5–7 crore in each of 25-30 early-stage startups. A significant portion of the fund has been earmarked for follow-on investments, demonstrating a long-term commitment to nurturing growth-stage ventures.
In a press release, the company stated its mission to bridge the gap between India’s legacy businesses and its burgeoning innovation economy. Warmup Ventures achieves this by engaging family offices and second-generation entrepreneurs, creating a unique platform that connects traditional businesses with cutting-edge startups.
The Founders and Vision
The fund is spearheaded by co-founders Sharad Bansal, Rajendra Lora, and Yogesh Chaudhary, who bring a vision to combine India’s entrepreneurial heritage with its innovation potential. “Our focus extends beyond capital—we aim to empower founders with the knowledge, mentorship, and networks needed to accelerate their growth,” the founders shared.
Portfolio Highlights
Warmup Ventures has already backed over 15 promising startups across various sectors:
- Bobabhai: A fast-growing bubble tea chain with over 45 stores nationwide.
- Nitro Commerce: A platform supporting 200+ brands in e-commerce expansion.
- Minimines: A Li-ion battery recycling startup driving sustainable solutions in energy.
- RocketPay: A simplified payment collection app used by over 5,000 merchants.
- Balwaan Krishi: An agritech startup that raised Rs 40 crore from JM Financial to empower small and mid-size farmers with advanced solutions.
Beyond Funding
Warmup Ventures distinguishes itself by offering more than financial support. Its collaborative ecosystem provides portfolio startups with access to critical resources and strategic guidance to help them scale effectively. Investors also benefit from this ecosystem, which fosters synergy between established legacy businesses and emerging tech-driven ventures.
With Warmup Fund II, the venture capital firm reaffirms its dedication to fostering innovation in India’s rapidly evolving startup ecosystem. Its focus on sustainability, technology, and entrepreneurship aligns with global trends, making it a critical player in driving transformative change.
