Bat VC is raising $100M for second fund focusing on AI in US and India

From Yahoo Finance: 2025-05-19 13:02:00

New York-based Bat VC is raising $100 million for its second fund to invest in AI startups in the US and India. The firm’s first fund achieved a 29% IRR with two successful exits. The focus of Fund II will be on AI, fintech, and enterprise tech startups, aiming to leverage the US-India tech ecosystem collaboration.

Bat VC’s strategy is to build capital-efficient products in India and scale them globally through US sales channels. The new fund will prioritize AI startups in industries like healthcare and manufacturing. The firm sees potential in the US-India enterprise software market, aiming to surpass the US-Israel tech corridor. Global investors like Accel and Sequoia are showing interest in India’s tech ecosystem.

While no timeline has been disclosed for the first close, the speed of deployment in Fund I suggests momentum for the new fund. Rising interest from global investors in India’s tech ecosystem, specifically in generative AI and vertical SaaS, is fueling the growth of startups in the region. Bat VC aims to capitalize on this trend with its new fund.



Read more at Yahoo Finance: New York’s Bat VC Seeks $100M for Second Fund Targeting AI Innovations Across US And India