Mumbai, May 13 -- A wave of fundraising is sweeping through India's venture capital landscape as firms like Nexus Venture Partners, Lok Capital, Chiratae Ventures, Peak XV Partners, and Fireside Ventures gear up to raise fresh capital, but with leaner fund sizes and more targeted approaches.

Funds such as WEH Ventures and Avataar Venture Partner are also expected to hit the market in the coming months, while Arkam Ventures is reportedly in the final stages of closing its latest fund, multiple people familiar with the developments told Mint.

While dealmaking is resuming after a lull, the fundraising strategies reflect a more selective and conservative approach. Investors are recalibrating amid valuation corrections and tougher exit condi...