Aavishkaar Launches OneAavishkaar, Partners Jamwant for Defence Fund

In a landmark move to strengthen India’s venture capital and defence innovation ecosystem, Aavishkaar Group, one of the country’s pioneering fund management platforms, has launched ‘OneAavishkaar’ — a comprehensive solution designed to help emerging venture funds scale seamlessly.

With this initiative, Aavishkaar aims to empower early-stage fund managers by offering end-to-end support across fundraising, investments, operations, ESG, and compliance — effectively creating a one-stop platform for building next-generation venture firms.

But what makes this launch truly significant is its very first partnership — a collaboration with Jamwant Ventures, a veteran-led firm specializing in defence and deep-tech innovation. Together, they are launching the ‘Jamwant Ventures Fund 2’, which is set to become India’s first veteran-led Defence and Deep-Tech Fund with a target corpus of INR 500 crore.

Building India’s Defence-Tech Future

The new fund is poised to play a catalytic role in India’s mission to become self-reliant in defence technology. With the Indian Armed Forces pushing for greater indigenous development, this fund will serve as a crucial bridge between early-stage innovators and strategic capital, unlocking mentorship, partnerships, and market access for startups building solutions for national security and dual-use applications.

Vineet Rai, Founder of Aavishkaar Group, emphasized the strategic timing of this initiative.

“India seeks indigenous production capabilities around defence tech, and that requires both capital and a supportive ecosystem. ‘OneAavishkaar’ is our way of enabling that ecosystem. Through our partnership with Jamwant Ventures, we aim to empower visionary entrepreneurs driving innovation in defence technology,” Rai said.

He added that the partnership symbolizes Aavishkaar’s broader vision — to combine strategic capital with deep sectoral expertise and create a powerful ecosystem that enables homegrown innovations to scale globally.

The Strength Behind the Partnership

Aavishkaar Capital, known for its impact-driven investment strategy, brings a wealth of experience — with over 80+ investments and 53 successful exits — to the table. This institutional foundation will complement Jamwant Ventures’ deep domain expertise in defence and advanced technology.

Founded by senior Indian Navy veterans and former officials from the Technology Development Board (TDB), Jamwant Ventures stands out as a specialized investment firm with a rare combination of operational defence insight and technical evaluation capability.

Its team has built strong linkages with government programs such as iDEX, TDF, and DST, providing access to a curated pipeline of validated defence innovations. This makes it uniquely positioned to identify, fund, and mentor startups working at the intersection of defence, aerospace, and deep technology.

Cdr Navneet Kaushik, Founder of Jamwant Ventures, called the partnership a “natural alignment.”

“Jamwant Ventures Fund 2 is strategically positioned to invest in the next wave of innovation aimed at India’s accelerated push for technological and defence self-reliance. The partnership with OneAavishkaar will seed and scale high-potential defence startups with validated technologies, helping them expand commercially and integrate into critical national infrastructure,” he said.

From Fund 1 to Fund 2: A Track Record of Impact

This is not Jamwant Ventures’ first tryst with innovation funding. Its ‘Fund 1’ has already made its mark, backing a series of promising startups aligned with India’s national security and indigenization goals.

Some of its notable portfolio companies include:

• Spacefields Pvt. Ltd. (Solid Rocket Propulsion)

• TIEA Connectors (Military-Grade Connectors)

• Axial Aero (Aerospace Simulation; awarded Best Aerospace Startup 2023 by Startup India)

• Aeronero (Air Water Generation)

• Thrustworks Dyentics (Liquid Rocket Propulsion)

• AstraYAN (Marine Technologies)

• Suhora Technologies (Earth Observation & Geospatial Analytics)

• Green Aero Propulsion Pvt. Ltd. (Gas Turbine Engines)

Each of these startups showcases India’s growing technological capability in critical sectors that were once dominated by imports.

Catalyzing Innovation, Scaling Self-Reliance

Through ‘OneAavishkaar’, the Aavishkaar Group is building a bridge between institutional capital and emerging fund managers who have strong domain expertise but limited access to infrastructure or scale enablers.

By combining Aavishkaar’s institutional governance and fund management expertise with Jamwant’s operational defence experience, this partnership aims to accelerate the deployment of capital into cutting-edge defence enterprises.

The broader goal? To create a first-mover advantage in India’s defence and deep-tech scale-up ecosystem, unlocking opportunities for startups that are not just innovating for profit — but for national progress and global competitiveness.

A Strategic Leap for India’s Deep-Tech Landscape

As India advances towards becoming a global hub for innovation, the defence and deep-tech sector represents a frontier with immense potential — both economically and strategically. The government’s continued focus on Atmanirbhar Bharat and domestic manufacturing has created fertile ground for such partnerships to thrive.

The ‘OneAavishkaar–Jamwant Ventures’ collaboration is more than just a fund launch — it is a strategic signal of India’s maturing venture ecosystem, where institutional investors and mission-driven veterans come together to build the next generation of national champions.

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