Warmup Ventures, a micro-VC fund investing in seed and pre-seed stage startup has launched its second fund, Warmup Fund II, a SEBI-registered Category 2 AIF, with a corpus of ₹300 crore.
The fund will focus on sectors like deep tech, climate and sustainability as it makes individual investments of ₹5-7 crore and a provision for follow-on rounds.
“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 Sharad Bansal, Managing Partner, Warmup Ventures.
“We are creating a platform that connects heritage with future growth,” said Yogesh Chaudhary, Founding Partner at Warmup Ventures.
Founded in 2023 by Sharad Bansal, Rajendra Lora, and Yogesh Chaudhary, Warmup Ventures aims to bridge the gap between India’s rich business heritage and its burgeoning innovation economy. By engaging family offices and second-generation entrepreneurs, the fund aims to create a unique platform that connects legacy businesses with future-forward startups.
Established as a syndicate fund, Warmup Ventures has backed over 15 startups. These include Bobabhai, Nitro Commerce, MiniMines, RocketPay, and Balwaan Krishi.
Warmup Ventures has supported more than 15 startups. These include Minimines, a startup focused on recycling Li-ion batteries; Bobabhai, which has expanded to over 45 stores nationwide; Nitro Commerce, which currently hosts over 200 brands; RocketPay, an app that streamlines payment collection and has over 5,000 merchants on board; and Balwaan Krishi, which has raised ₹40 crore from JM Financial to advance agritech solutions for small and mid-size farmers.
