India’s defense technology sector is witnessing unprecedented growth, transitioning from being a major importer to an emerging exporter of defense equipment. Jamwant Ventures, founded by retired naval officers with deep operational expertise, is launching its second fund in partnership with Aavishkaar Capital to back cutting-edge defense tech startups. In an exclusive conversation, Cdr. Navneet Kaushik (Founder, Jamwant Ventures) and Tarun Mehta (Partner, Funds & Strategy, Aavishkaar Capital) share insights into the fund’s strategy, India’s defense tech ecosystem, and what makes their approach unique.

Can you tell us about the new fund you’re launching with Aavishkaar?

Navneet- We’re looking at a ₹500 crore target corpus with a ₹250 crore greenshoe option. The fund will focus exclusively

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