Lavni Ventures launches Rs 200 crore fund to invest in India's deeptech startups

Bengaluru-based venture capital firm Lavni Ventures has launched a Rs 200 crore deeptech impact fund, deepening its bet on India’s emerging deeptech sector.

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The new vehicle, Lavni Fund II, will target climate, healthcare, energy, and education enterprises, aiming to help science-led startups scale globally while delivering measurable social and environmental gains.

“The successful launch of Fund II, with strong repeat participation from Fund I LPs, validates our core thesis: Indian deep-tech founders are uniquely positioned to deliver scalable impact and attractive returns,” said Vasu Guruswamy, co-founder and General Partner.

Founded in 2020 by Guruswamy, Sanjay Kanvinde and Krishna Shivram, Lavni operates a SEBI-registered Category II Alternative Investment Fund and specialises in early-stage medtech, edtech, cleantech and agritech investments.

Portfolio companies from Fund I include Padcare Labs, Monitra Healthcare, and MedPrime Technologies. As of FY25, they have collectively contributed over 3.5 million student learning hours, facilitated more than 10,000 healthcare interventions in underserved markets, and prevented 303 metric tons of carbon dioxide equivalent emissions.

Fund II will deploy between Rs 2 crore and Rs 8 crore in seed to Series A funding rounds, with follow-on investments of up to Rs 15 crore for high-potential startups. 

Lavni Ventures said it reviews more than 800 deals annually, applying a rigorous selection process that emphasizes sustainable business models, measurable impact, and a clear path to exit. Alongside capital, the firm provides mentorship and industry connections to help founders translate scientific breakthroughs into commercially viable products.