India, Oct. 10 -- VC firm Jamwant Ventures has partnered with impact investment firm Aavishkaar Group to launch its second fund, Jamwant Ventures Fund 2, with a target corpus of INR 500 Cr (about $60 Mn).

The early stage-focussed fund will also have a greenshoe option of INR 250 Cr.

Aavishkaar Group has partnered with Jamwant Ventures through its newly launched 'OneAavishkaar', an initiative to support emerging venture funds with fundraising, investments, operations, ESG and compliance.

While Jamwant Ventures is the primary stakeholder, Aavishkaar Capital holds a minority stake in the fund which will look to back 15-25 startups with a ticket size of $1 Mn to $5 Mn.

"The fund will initially draw support from Indian institutions and fam...