Aavishkaar Group, one of India’s pioneering impact investment platforms, has launched ‘OneAavishkaar’, a comprehensive initiative aimed at empowering early-stage venture funds. Designed as a one-stop growth platform, OneAavishkaar offers strategic support in fundraising, investments, operations, ESG integration, and compliance — all tailored to help emerging fund managers scale faster and more effectively.
The goal is clear: to create a multiplier effect for India’s venture ecosystem by equipping smaller funds with the same institutional capabilities that power established investors. By doing so, Aavishkaar hopes to nurture a new generation of fund managers who can fuel innovation across critical sectors — from sustainability and healthcare to deep technology and defence.
Credits: Startuptalky News
First Partnership: Jamwant Ventures Fund 2
The inaugural partnership under OneAavishkaar sets a strong precedent. Aavishkaar has teamed up 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.
This fund seeks to catalyse India’s defence and deep-tech ecosystem by providing both early-stage capital and strategic mentorship to innovators building next-generation technologies. As India intensifies its push for indigenous defence production under the “Atmanirbhar Bharat” vision, the timing of this initiative couldn’t be more aligned with national priorities.
A Strategic Alliance Rooted in Expertise
The collaboration blends Aavishkaar Capital’s impressive track record — 80+ investments and 53 successful exits — with Jamwant Ventures’ deep operational and technical expertise in the defence sector. The synergy is designed to go beyond financing.
Startups backed by Jamwant Ventures Fund 2 will gain access to a robust ecosystem of partners, pilots, and policy linkages, enabling them to commercialize cutting-edge technologies faster and more sustainably. From prototype development to government collaborations, the partnership aims to bridge the gap between innovation and market readiness.
“India seeks to strengthen its indigenous defence tech capabilities, which require both capital and a robust support system,” said Vineet Rai, Founder of Aavishkaar Group. “Through ‘OneAavishkaar’, we aim to empower the venture ecosystem in the defence tech industry by partnering with Jamwant Ventures. Strategic capital combined with deep sectoral insight can unlock transformative potential and accelerate innovation in India’s defence and deep-tech ecosystem.”
Jamwant Ventures: Veteran-Led Vision for Defence-Tech
Founded by senior Indian Navy veterans and former Technology Development Board (TDB) officials, Jamwant Ventures has positioned itself as a sector-specialist firm focused exclusively on defence and dual-use deep-tech innovation. Its unique access to curated deal flow — through government-linked programs like iDEX, TDF, and DST — makes it a natural partner for startups developing frontier technologies.
“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 of Jamwant Ventures. “Our partnership with OneAavishkaar will seed and scale high-potential startups, helping them grow commercially while contributing to national security.”
Building on a Strong Foundation
Jamwant Ventures’ first fund has already backed a strong portfolio of defence and aerospace startups aligned with India’s indigenisation goals. These include Spacefields Pvt. Ltd. (solid rocket propulsion), Aeronero (air water generation), Axial Aero (aerospace simulators), Thrustworks Dyentics (liquid rocket propulsion), and Green Aero Propulsion Pvt. Ltd. (gas turbine engines).
Each of these startups exemplifies the spirit of innovation driving India’s transition from a defence importer to a defence innovator.
Credits: Aavishkaar Capital
Shaping India’s Defence-Tech Future
By combining Aavishkaar’s institutional strength with Jamwant Ventures’ domain expertise, the OneAavishkaar-Jamwant collaboration represents a powerful blueprint for sector-specific fund acceleration in India. The initiative not only mobilizes capital but also builds critical infrastructure for long-term growth — from compliance frameworks to operational excellence.
As India doubles down on indigenous manufacturing and frontier technologies, this partnership stands as a beacon for how capital, mentorship, and purpose can converge to drive national impact. OneAavishkaar’s launch marks a new chapter in venture capital — one where collaboration, not competition, shapes the next wave of India’s innovation story.
