7 months ago
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Aavishkaar Group, a money absorption platform, and Jamwant Ventures, a task superior firm, person travel unneurotic to motorboat a caller money with a full corpus of ₹500 crore. This strategical partnership, OneAavishkaar, launched by the Aavishkaar Group, volition harness Aavishkaar Capital’s organization expertise and robust money governance model and Jamwant Ventures’ beardown domain cognition and operational insights.
Navneet Kaushik, laminitis of Jamwant Ventures, told The Hindu that the thought is to put successful 20-25 companies. “I americium looking astatine companies which are somewhat mature, but yes, we volition bash effect arsenic well,” helium said. Mr. Kaushik indicated the teams person started evaluating a fewer startups successful this space. They are successful the process of launching the money and expect to record with SEBI by the extremity of this month. Once the indispensable approvals are successful spot and the money is launched, deployments are expected to statesman aboriginal adjacent year.
Tarun Mehta, partner, Funds & Strategy, Aavishkaar Capital, said: “We volition person a practice of Aavishkaar connected the concern committee of the caller fund. We volition assistance Jamwant erstwhile it comes to diligence oregon exit planning, etc. Navneet and his squad are precise prolific successful uncovering the woody and executing it.”
Jamwant Ventures is simply a sector-specialist concern steadfast focused connected defence and heavy tech innovation successful India.
Their archetypal fund, ‘Jamwant Ventures Fund 1’, has successfully deployed superior crossed high-potential startups aligned with nationalist information and indigenisation goals.
According to some firms, ‘Jamwant Ventures Fund 2’ volition beryllium a gamechanger for defence and heavy tech startups. This volition connection startups aboriginal superior backing with robust ecosystem of partners, pilots, and argumentation linkages. Startups tin expect tailored enactment to standard commercially viable solutions with heavy sectoral insights starring to precocious growth.
