Navam Capital Closes Maiden Deeptech Fund at Over Rs 315 Crore

• Navam Capital has successfully closed its first deeptech fund, Navam Venture Fund-I (NVF-I), raising over Rs 315 crore ($35 million) including a green shoe option.
• The India-focused fund will invest in intellectual-property-led deep technology startups across advanced computing, semiconductors, robotics, drone tech, space tech, industrial automation, enterprise AI, climate tech, and materials science.
• NVF-I attracted a diverse limited partner base, including technology founders, industrial groups, business operators, and family offices.
• The fund's strategy involves rigorous technical diligence, leveraging domain experts, and collaborating with founders to commercialize lab breakthroughs.
• Portfolio companies include startups in reconfigurable computing, swarm robotics, satellite imaging, quantum-safe cybersecurity, and AI-driven industrial inspection, many originating from Indian institutions like IISc and IITs.

Why It Matters: Navam Capital's new Rs 315 crore deeptech fund will back IP-led Indian startups for global markets.