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JSW Ventures plans ₹450 crore fund for startups

Business

JSW Ventures, the VC arm of JSW Group, is gearing up to raise ₹400-450 crore for its third fund focused on early-stage tech startups.
This follows the full deployment of its previous ₹300 crore fund launched in 2020.

Investments across a mix of sectors

JSW Ventures invests across a mix of sectors—think consumer, healthcare, enterprise solutions, sustainability, agri-tech, and fintech.
Beyond just funding, they offer hands-on support and guidance to help startups grow.
Recent picks include Purplle (beauty e-commerce), Cureskin (healthtech), Vetic (pet care), and Growcoms (agritech).

Strong performance of 1st and 2nd funds

Their first fund from 2016 turned ₹75 crore into nearly triple returns. The second fund brought in big names like SIDBI and NABARD as investors and is now fully invested.
Notably, portfolio company Purplle recently raised ₹1,500 crore led by ADIA—with JSW Ventures still holding a minority stake.