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Indian VC

AUM Ventures: An ADGM-Licensed Fund Connecting India to Global Capital

AUM Ventures is an ADGM-licensed venture fund founded by Chetan Mehta in 2022, with Nisha Shah leading alongside him, backing Indian founders in deep tech, fintech, consumer, and enterprise sectors. The firm invests from pre-seed through series A, writing checks between $200,000 and $1 million from a $25 million fund. Its portfolio includes Skyroot Aerospace, now a unicorn, and NEWME.

Overview

AUM Ventures is a venture capital fund licensed by the Abu Dhabi Global Market. Chetan Mehta founded the firm in 2022 as its founding partner. Nisha Shah leads alongside him, overseeing partnerships and fundraising. The firm backs Indian founders building tech and tech-enabled companies. It maintains offices in Abu Dhabi, Bengaluru, and Mumbai. Its work centers on bringing global resources to Indian entrepreneurs.

Investment Focus and Stage

AUM Ventures invests at the pre-seed, seed, and series A stages. Check sizes typically range from $200,000 to $1 million per company. The firm focuses on deep tech areas like spacetech and semiconductors. Fintech, consumer, enterprise, and health round out its broader interests. It also runs a program called India Deep Spark for frontier tech founders.

Fund Size and Portfolio

AUM Ventures manages a fund corpus of $25 million. The firm has backed more than 18 companies since its 2022 launch. Skyroot Aerospace stands among its earliest and most notable investments. That company later reached unicorn status within the space sector. NEWME also counts among its confirmed portfolio companies. Validus and Gimbal Space feature among its more recent bets.

Leadership

Chetan Mehta founded AUM Ventures and serves as its founding partner. He built a career backing more than 60 startups across India, Israel, and the US. His personal angel investments span more than 40 additional companies. Nisha Shah brings over two decades of experience across investing and consulting. She previously advised global funds including Blackstone, Sequoia, and Bain

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