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Navam Capital closes maiden fund at Rs 315 Cr

EntrackrEntrackr · 3d ago
Navam Capital closes maiden fund at Rs 315 Cr
Medial

Navam Capital closes maiden fund at Rs 315 Cr Navam Capital has announced the final close of its maiden fund, Navam Venture Fund-I (NVF-I), with the early-stage Category II AIF raising Rs 250 crore and exercising its green shoe option to close at over Rs 315 crore ($35 million). The venture capital (VC) firm has already invested in eight startups and plans to back 15–16 in total. The India-focused fund will back intellectual-property-led deep-technology startups built in India for global markets, spanning areas such as advanced computing, semiconductors, robotics, drone technology, space technology, industrial automation, enterprise AI, climate tech, and materials science. According to Navam Capital, NVF-I has attracted a diversified limited partner base, including technology founders, industrial groups and conglomerates, business operators, and family offices. Launched in 2008 by Rajeev Mantri, the Kolkata-based Navam Capital focuses on early-stage investments in frontier technologies and science-driven innovation. It is largely backed by domestic capital, with commitments from family offices, corporate groups, ultra-high-net-worth individuals, and technology founders. The fund typically writes first cheques of Rs 5–8 crore at the seed and pre-Series A stages, while keeping capital aside for follow-on rounds. The VC firm also selectively participates in Series A and Series B rounds to maintain stage diversity in its portfolio. The fund’s portfolio includes startups working on reconfigurable computing architectures, swarm robotics, multi-sensor satellite imaging, quantum-safe cybersecurity hardware, AI-driven industrial inspection systems, advanced drones, and novel sensing technologies.

Theia Ventures announces first close of maiden fund at $30 Mn

EntrackrEntrackr · 3m ago
Theia Ventures announces first close of maiden fund at $30 Mn
Medial

Theia Ventures announces first close of maiden fund at $30 Mn Venture capital firm Theia Ventures has announced the first close of its maiden fund, securing $30 million (approx Rs 266.2 crore) toward its $30 million target. Theia will focus its Fund I investments on deeptech, energy transition, and decarbonisation, backing startups in areas like green mobility, sustainable materials, battery technologies, clean logistics, and industrial decarbonisation. To date, the firm has already locked in commitments exceeding 50% of the target. It is structured as a Category II Alternative Investment Fund (AIF) under SEBI regulations. Theia’s founders have also brought in British International Investment (BII) as an anchor investor, along with support from other global investors such as Allocator One (Germany), Cisco Foundation (US), and Vitality Capital Partners (Australia). Domestically, family offices and industrial groups including Anand Mahindra, Thermax’s Meher Pudumjee, JM Financial, Vimson Group, and Shivanand Salgaocar Group are backing Theia. The fund plans to make 18–20 early-stage investments, with individual cheque sizes typically between $500,000 to $1 million, and reserve roughly 50% of capital for follow-on rounds. Theia has already deployed capital in Sarla Aviation (aerospace) and Climitra Carbon (industrial biochar). It has also committed investments in startups working on precision fermentation and AI-based energy modeling. The final close is expected by the end of fiscal year 2026 (FY26).

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