In a significant development for India's defence and deep-tech ecosystem, Jamwant Ventures, an early-stage venture capital firm founded by former Indian Navy officers, has partnered with Aavishkaar Group to launch a new fund targeting a corpus of INR 500 crore (approximately $60 million). This strategic collaboration aims to bolster India's self-reliance in defence technologies and support the growth of innovative startups in the sector.
The Genesis of the Partnership
Jamwant Ventures was established in 2023 by Commander Navneet Kaushik, Commander Kartik Gopal, and Jyotsana Dalal, with the vision to bridge the gap between defence and deep-tech innovation. Their inaugural fund, Jamwant Vent
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