Mumbai, July 2025 — JSW Ventures, the venture capital arm of the JSW Group, is preparing to raise ₹450 crore for its third investment fund, targeting early-stage startups across India’s high-growth sectors including consumer tech, healthcare, agri-tech, fintech, and sustainability.
This comes on the heels of full deployment of its ₹300 crore second fund, which was backed by key institutional investors like SIDBI, NABARD, and the Ranjan Pai Family Office. JSW Ventures now plans to focus on domestic LPs for Fund III, reinforcing confidence in India’s local VC ecosystem.
Strong Portfolio and Track Record
JSW’s maiden fund, launched in 2016 with ₹75 crore, delivered an impressive 3x return, driven by early investments in platforms like Purplle, HomeLane, and Indus OS (acquired by PhonePe).
The second fund backed promising startups including Cureskin (dermatology-focused healthtech), Vetic (pet care), and Growcoms (agri supply chain), showing JSW’s focus on solving real, scalable Indian problems.
Domestic Capital Gains Momentum
JSW Ventures joins a growing list of Indian VC firms launching new funds. Accel India recently closed a $650 million fund, A91 Partners raised $665 million, while Capital A and PixelSky Capital are each raising ₹400 crore for deeptech and climate-focused investments.
Startupstoryindia Insight
As global VC sentiment turns cautious, India’s venture ecosystem is going local — with fund managers like JSW Ventures leading the charge by backing Bharat-relevant innovation with patient capital and strategic support.
