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Published on
July 9, 2025
5 min read
JSW Ventures to Launch INR 450 Cr Fund Following Strong Returns from Earlier Investments
JSW Ventures’ Third Fund, the venture capital arm of the JSW Group, looks to raise ₹450 crore from domestic investors, Inc42 reported. This new fund signals the firm’s continued interest in nurturing early-stage startups in India, especially those operating in emerging and technology-driven sectors.
According to reports, this will be JSW Ventures’ third fund since its inception. The move comes at a time when the broader VC market in India is showing signs of revival, with increased investor confidence and a growing number of tech-led ventures.
Focus on Innovation and Early-Stage Growth
JSW Ventures plans to continue its strategy of investing in startups at the Series A stage. The firm has built a solid track record of supporting companies with disruptive business models. With the launch of its JSW Ventures’ Third Fund, the firm aims to back nearly 15 startups in sectors like SaaS, B2B platforms, fintech, and health tech.
JSW Ventures launched its first fund in 2016, with a corpus of $10 million backed by the JSW family office. This fund backed startups such as Purplle, HealthPlix, and HomeLane. According to the firm’s website, the fund delivered a 3X return to its investors. In 2023, JSW Ventures fully exited its investment in Purplle through this fund, earning a 2.7X return.
The second fund continued to support existing portfolio companies while also adding new startups like Growcoms, Vetic, and Zvolv. Just last month, JSW Ventures led StayVista’s INR 40 Cr Series B round using capital from this second fund.
This expansion comes at a time when the Indian startups are beginning to recover from the funding winter. In H1 2025, Indian startups raised $5.7 billion, an 8% increase compared to $5.3 billion raised during the same period in 2024.
Strong Backing and Strategic Intent
This new JSW venture capital announcement comes on the heels of the firm’s second fund, which raised ₹350 crore in 2021. That fund saw investments in notable names such as Purplle, HealthPlix, and Finbox, that have gone on to scale and secure follow-up funding rounds.
For JSW Group, the venture arm plays a strategic role in identifying next-gen solutions that could potentially align with the Group’s broader interests in digital transformation, energy, and sustainability.
The backing of large business houses also offers startups access to industrial networks, mentorship, and scaling opportunities beyond just capital. This approach has helped strengthen the credibility and performance of JSW’s startup investments over the years.
JSW Ventures Bets Big on Indian Startups
As JSW Ventures moves ahead with raising ₹450 crore, the fund is expected to close sometime later this year, depending on LP commitments. Once deployed, it will give a further push to India’s innovation ecosystem, particularly in the early stages where risk capital is often limited.
This new phase of JSW’s startup investments underlines the Group’s commitment to backing tech-driven businesses that have the potential to shape India’s digital and economic future.
