JSW Ventures, the investment branch of the JSW Group, is planning to start its third fund. It aims to raise INR 400 crore to INR 450 crore (about $47–$52 million) from investors in India.
This step comes after JSW Ventures fully used its second fund of INR 300 crore, which started in 2020. That fund was supported by family offices and organizations like SIDBI, NABARD, and Ranjan Pai’s family office.
JSW Ventures was started in 2016. It mainly invests in early-stage Indian startups that use technology to create solutions that can grow big.
The company invests in startups from different areas like fintech, agritech, healthtech, consumer tech, and enterprise tech. It usually invests in pre-Series A and Series A+ funding rounds.
Its first fund was $10 million and was supported by the JSW family office. This fund invested in companies like Purplle, HealthPlix, and HomeLane.
The fund gave back three times the money it invested. For example, when it sold its share in Purplle in 2023, it got 2.7 times the amount it had invested.
The second fund supported both old and new startups like Growcoms, Vetic, and Zvolv. It also led StayVista’s INR 40 crore Series B funding round last month.
This new fund is starting as venture capital (VC) activity in India is getting better. Startups raised $5.7 billion in the first half of 2025, which is 8% more than the same time last year.
One reason for this growth is the start of new VC funds like this one.
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