India’s startup and defence sectors are set for a major boost as Jamwant Ventures partners with Aavishkaar Group to launch a new ₹500 crore fund aimed at supporting early-stage startups in defence and deep-tech. This fund is designed to nurture innovative solutions that strengthen India’s technological capabilities while promoting entrepreneurship in strategic sectors. The partnership combines Jamwant Ventures’ deep understanding of defence technologies with Aavishkaar Group’s expertise in scaling emerging funds.
The fund, named Jamwant Ventures Fund 2, will primarily target startups that are in their seed to Series A stages. These companies often have strong ideas but need financial support to bring them to life. By providing capital and guidance, the fund aims to accelerate their growth, enabling India to develop homegrown solutions in areas critical to national security. With a target corpus of approximately $60 million, the fund is positioned as one of the significant investment vehicles in India’s defence tech ecosystem.
Driving Innovation in Defence and Deep-Tech
Jamwant Ventures was founded in 2023 by former Indian Navy officers Navneet Kaushik and Kartik Gopal, along with Jyotsana Dalal. Their first fund has already backed several promising startups in aerospace, marine technologies, and other defence-related areas. The team brings hands-on knowledge of India’s defence requirements, ensuring that investments are both strategically and commercially viable.
Aavishkaar Group, known for its impact-focused investments, provides a platform for emerging venture funds. Their support ensures that the fund can operate efficiently while identifying startups with strong growth potential. By partnering with Aavishkaar, Jamwant Ventures can leverage expertise in fund management and strategic investment, giving startups a better chance of success.
Investment Focus and Strategy
The fund plans to invest in 15 to 25 startups, with individual investments ranging from $1 million to $5 million. A portion of the fund, approximately 15–20%, is reserved for follow-on investments. This approach ensures that startups have continuous support as they scale their technologies and expand operations. By focusing on early-stage companies, the fund aims to identify breakthrough solutions that can later influence India’s defence capabilities and technological self-reliance.
Startups in sectors such as AI, robotics, advanced materials, cybersecurity, aerospace, and marine technologies are likely to benefit the most. These areas are critical for modern defence solutions and have the potential to generate significant economic and strategic value for India.
Timeline and Future Outlook
The first close of Jamwant Ventures Fund 2 is expected by June 2026, with the final close planned by the end of 2026. During this period, the fund managers will rigorously evaluate startups to ensure alignment with the fund’s objectives and India’s defence priorities. By offering capital, mentorship, and strategic guidance, the fund aims to help startups achieve commercial success while contributing to national security goals.
This initiative is not just about money. It represents a broader push for self-reliance, innovation, and technology leadership in India. By supporting high-potential startups in defence and deep-tech, Jamwant Ventures and Aavishkaar Group are creating a platform for a safer, technologically advanced, and economically vibrant future. The fund also signals growing investor confidence in India’s startup ecosystem, especially in sectors critical to the nation’s security and growth.