Jamwant Ventures and Aavishkaar Capital Launch ₹500 Crore Fund to Boost Indian Defense Tech Startups.

India’s defense technology sector is rapidly evolving from a major importer to an emerging exporter of defense equipment, driven by innovation and growing domestic capabilities. In a significant boost to this transformation, Jamwant Ventures, founded by retired naval officers with deep operational expertise, has launched its second fund in partnership with Aavishkaar Capital to invest ₹500 crore in cutting-edge defense technology startups.

Jamwant Ventures, known for its focused support to defense tech innovators, aims to nurture startups developing advanced solutions tailored to India’s defense needs. The partnership with Aavishkaar Capital brings together strong operational knowledge and strategic investment expertise to create a unique approach to scaling defense innovation.

In an exclusive discussion, Cdr. Navneet Kaushik, Founder of Jamwant Ventures, and Tarun Mehta, Partner for Funds & Strategy at Aavishkaar Capital, shared insights into the fund’s investment strategy, the growing defense tech ecosystem in India, and how their collaboration aims to accelerate the country’s self-reliance in defense technologies.

The ₹500 crore fund underscores India’s commitment to fostering indigenous defense innovation and strengthening the domestic defense industrial base. It is expected to play a crucial role in advancing next-generation technologies and enhancing the country’s strategic capabilities.