UAE venture capital firm AUM Ventures has launched its first US$30 million fund that aims to invest in early and pre-growth stage tech and consumer-focused Indian startups.
With offices in Abu Dhabi, Bangalore and Mumbai, AUM Ventures seeks to bridge Indian startups with global markets, and bring ideas from India’s large technical diaspora back to India.
The firm has invested in 11 Indian companies to date, including an investment in B2B building material procurement platform GlobalFair.
“One of our key focus areas will be to bring our Indian portfolio companies to the UAE, help them set up their regional base at ADGM, and be their growth enablers in the region,”
said Chetan Mehta, Founding Partner, AUM Ventures.
“This partnership will also enable local investors and family offices to get access to the dynamic and evolving Indian venture capital space with a trusted partner in AUM Ventures,”
said Arvind Ramamurthy, Chief of Markets at ADGM.