Aavishkaar Group Launches ‘OneAavishkaar’, Partners with Jamwant Ventures to Launch India’s First Veteran-Led Defence and Deep-Tech Fund

Aavishkaar Group, a pioneering fund management platform, has announced the launch of ‘OneAavishkaar’, a comprehensive solution designed to accelerate the growth of emerging venture funds through seamless support in fundraising, investments, operations, ESG, and compliance. The initiative specifically caters to early-stage fund managers aiming to scale their impact.

The first partnership under the ‘OneAavishkaar’ initiative is with Jamwant Ventures, to launch ‘Jamwant Ventures Fund 2’—India’s first veteran-led defence and deep-tech focused fund, with a target corpus of ₹500 crore.

The new fund aims to be a catalyst for defence and deep-tech startups by providing strategic mentorship and early-stage capital to innovators responding to India’s push for indigenous defence production.

This partnership brings together Aavishkaar Capital’s extensive track record of over 80+ investments and 53 successful exits, and Jamwant Ventures’ deep domain expertise in the defence and deep-tech sector. The collaboration is expected to enable startups with not just capital, but also a strong ecosystem of partners, pilots, and policy linkages to help them scale commercially viable technologies.

“India seeks to strengthen its indigenous defence tech capabilities, which require both capital and a robust support system,” said Vineet Rai, Founder, Aavishkaar Group. “Through ‘OneAavishkaar’, we aim to empower the venture ecosystem in the defence tech industry by partnering with Jamwant Ventures. We believe that strategic capital combined with deep sectoral insight can unlock transformative potential and accelerate innovation in India’s defence and deep-tech ecosystem.”

Jamwant Ventures, founded by senior Indian Navy veterans and former Technology Development Board (TDB) officials, is a sector-specialist investment firm focused on defence and deep-tech innovation. Backed by a curated pipeline and government-linked deal flow (through iDEX, TDF, and DST), the firm offers mentorship and strategic guidance to dual-use technology startups from the early stage through scale.

“Jamwant Ventures Fund 2 is strategically positioned to invest in the next wave of innovation fuelling India’s defence and technology self-reliance,” said Cdr Navneet Kaushik, Founder, Jamwant Ventures. “Our partnership with OneAavishkaar will seed and scale high-potential startups, helping them grow commercially while contributing to national security.”

The first fund, Jamwant Ventures Fund 1, has already deployed capital across several promising startups aligned with India’s national security and indigenisation goals. Its portfolio includes companies such as Spacefields Pvt. Ltd. (Solid Rocket Propulsion), TIEA Connectors (Military-Grade Connectors), Axial Aero (Aerospace Simulators), Aeronero (Air Water Generation), Thrustworks Dyentics (Liquid Rocket Propulsion), AstraYAN (Marine Technologies), Suhora Technologies (Earth Observation & Geospatial Analytics), and Green Aero Propulsion Pvt. Ltd. (Gas Turbine Engines).

Through this partnership, OneAavishkaar brings Aavishkaar Capital’s institutional strength and governance capabilities, while Jamwant Ventures contributes its sectoral knowledge and operational expertise. Together, they aim to accelerate investments into innovative, cutting-edge defence enterprises and drive India’s defence and deep-tech scale-up ecosystem forward.