The early-stage VC firm Lavni Ventures has announced Fund II, the second of its early stage deep-tech impact funds, has closed its Rs 200 crore (approx. $21 million) target in committed capital, a year after first close in August 2025. The fund structure retains a green-shoe option of Rs 100 crore. Fund II follows in the footsteps of the fully invested Fund I with both funds resting on a single proposition that Indian deep-tech founders can build globally scalable health and climate solutions in a capital efficient manner while delivering meaningful returns. With the target corpus committed, the firm’s focus turns to deployment: finding and backing exceptional founders in India to innovate and help to scale their venture for global impact. Fund II has already made its first three investments: Padcare Labs, which recycles sanitary waste; Monitra Healthcare, which builds remote cardiac monitoring devices; and Vidcare, which develops portable at-home diagnostic tests. These deployments extend a track record of hands-on, long-term partnerships built through Fund I. Fund II backs foundational technologies in health and climate, deploying Rs 2–6 crore ($210k – 630k) per opportunity at Seed, and Rs 8–15 crore ($850k – 1.5 million) follow-ons, fresh Series A and beyond. Lavni Ventures was founded in 2020 and its Fund II is a scheme of Lavni Ventures Trust, a SEBI-registered Category II Alternative Investment Fund, investing in foundational technologies in the health and climate sectors. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
