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Lavni Ventures announces first close of early stage deep-tech impact fund

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Lavni Ventures announces first close of early stage deep-tech impact fund
Medial

Lavni Ventures announces first close of early stage deep-tech impact fund Lavni Ventures has launched a Rs 200 crore deep-tech impact fund to back Indiaโ€™s most promising science-led startups, bringing global scale to climate, healthcare, energy, and education breakthroughs. With government-backed policies like the National Deep Tech Startup Policy and the Deep Tech Innovation Platform gaining traction, Lavni Fund II aims to ride this wave of momentum by investing in technology-driven solutions that can profitably tackle some of the worldโ€™s toughest problems. Lavniโ€™s portfolio companies, such as Padcare Labs, Monitra Healthcare, and MedPrime Technologies, exemplify the potential of Indiaโ€™s deep-tech ecosystem. Collectively, Fund I startups, till FY25, have contributed to over 3.5 million student learning hours, more than 10,000 healthcare interventions in underserved markets, and 303 metric tons of COโ‚‚ equivalent saved. โ€œThe successful launch of Fund II, with strong repeat participation from Fund I LPs, validates our core thesis: Indian deep-tech founders are uniquely positioned to deliver scalable impact and attractive returns,โ€ said Vasu Guruswamy, co-founder and General Partner at Lavni Ventures. According to Lavni Ventures, Fund II will deploy Rs 2 crore to Rs 8 crore per opportunity at the Seed to Series A stage, and Rs 8 crore to Rs 15 crore for follow-on investments. The fund reviews over 800 deep-tech deals annually and applies a selection process focused on sustainable business models, measurable impact, and exit potential. Lavni Ventures, established in 2020 and led by Vasu Guruswamy, Sanjay Kanvinde, and Krishna Shivram, is a SEBI-registered Category II Alternative Investment Fund. It specializes in deep-tech impact investing, funding early-stage startups across medtech, edtech, cleantech, and agritech sectors.

Navam Capital closes maiden fund at Rs 315 Cr

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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 15โ€“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 5โ€“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 fundโ€™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.

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