Lavni Ventures Fund II Closes Rs 200 Crore Target for Health and Climate Deep-Tech Bets

Lavni Ventures has announced that Fund II, the second of its early-stage deep-tech impact funds, has closed its Rs 200 crore, or approximately $21 million, target in committed capital. The close comes a year after its first close in August 2025. The fund structure also retains a green-shoe option of Rs 100 crore.

Fund II is built around backing Indian deep-tech founders developing globally scalable health and climate solutions. Lavni Ventures’ thesis, as described in the source article, is that such companies can be built in a capital-efficient manner while delivering meaningful returns. With the target corpus committed, the firm’s focus now shifts to deployment and long-term founder support.

Fund II has already made its first three investments: Padcare Labs, Monitra Healthcare, and Vidcare. Padcare Labs recycles sanitary waste, Monitra Healthcare builds remote cardiac monitoring devices, and Vidcare develops portable at-home diagnostic tests. These investments indicate the fund’s emphasis on applied technologies addressing health and climate challenges.

The fund plans to deploy Rs 2–6 crore, or $210k–630k, per opportunity at the Seed stage. For follow-ons, fresh Series A, and beyond, it will invest Rs 8–15 crore, or $850k–1.5 million. Lavni Ventures was founded in 2020, and Fund II is a scheme of Lavni Ventures Trust, a SEBI-registered Category II Alternative Investment Fund.