Fund News
Navam Capital logs final close of maiden fund at Rs.315-Cr
Venture capital firm Navam Capital has closed its first fund, Navam Venture Fund-I, at more than INR 315 crore (USD 35 million), surpassing its original target of INR 250 crore. The firm has already invested in eight startups and plans to back 15-16 in all.Navam 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 INR 5-8 crore at the seed and pre-Series A stages (early stages), while keeping capital aside for follow-on rounds. Navam also selectively participates in Series A and B rounds.The fund’s portfolio spans advanced computing, semiconductors, robotics, drones, space-tech, industrial automation, enterprise AI, climate tech and materials science. Its investments include Agnikul Cosmos, Ather Energy, Morphing Machines and Unbox Robotics, which recently raised USD 28 million.
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