Pre-seed and seed fund research profile
Warmup Ventures is a founders-led Indian micro-VC fund backing early technology companies before institutional rounds. Its public evidence includes Fund II’s ₹300 crore announcement and positions in climate, deeptech, consumer, SaaS and agritech.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Warmup Ventures uses a pre-seed and seed; technology-focused micro-vc approach across Deeptech, climate technology, consumer and SaaS.
Current evidence
Warmup’s current manager site records Fund II vintage September 2025 and a current seed/pre-seed mandate. Economic Times reported the ₹300 crore Fund II launch in December 2024, while a 2025 manager update describes four new portfolio additions.
Strategy
Pre-seed and seed; technology-focused micro-VC
Sector focus
Deeptech, climate technology, consumer and SaaS
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
Warmup’s current manager site records Fund II vintage September 2025 and a current seed/pre-seed mandate. Economic Times reported the ₹300 crore Fund II launch in December 2024, while a 2025 manager update describes four new portfolio additions.
Investor questions
Warmup Ventures is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Pre-seed and seed; technology-focused micro-VC, with a sector focus of Deeptech, climate technology, consumer and SaaS. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to Warmup Ventures in the reviewed public sources: Boba Bhai, Nitro Commerce, MiniMines, RocketPay, Balwaan Krishi, GreenStitch, WeVOIS, Wigzo and Fuselage Innovations. It does not represent a complete current portfolio unless the manager has published one.
Economic Times identifies Boba Bhai, Nitro Commerce, MiniMines, RocketPay and Balwaan Krishi among the team’s backed startups. Current manager and company coverage also supports GreenStitch and WeVOIS; audited fund-level DPI, TVPI and net IRR are not publicly disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: Warmup Fund II was announced at ₹300 crore in December 2024; Fund I corpus and combined AUM are not publicly disclosed.. Public terms or access information: Pre-seed and seed technology investing with co-investment cheques up to $750,000; fees, carry, ownership, reserves, fund term and liquidity terms are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Sharad Bansal (Founder & Managing Partner), Rajendra Lora (Founder & Partner) and Yogesh Chaudhary (Founder & Partner). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: Vehicle-level ownership, LP roster, fees, carry, reserves and audited fund-level returns are not publicly disclosed. The public record supports Fund II’s announced corpus, named partners and named positions..
2025-04: Warmup’s current manager site records Fund II vintage September 2025 and a current seed/pre-seed mandate. Economic Times reported the ₹300 crore Fund II launch in December 2024, while a 2025 manager update describes four new portfolio additions.
Next step
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