Aavishkaar Capital has partnered with Jamwant Ventures for the launch of a ₹500 crore defense technology fund aimed at fostering innovation and self-reliance in India’s defense sector.

DMD Advocates is advising Aavishkaar Capital on this partnership.

The transaction team is being led by Pallavi Puri (Partner), along with Aishwarya Gupta (Senior Associate) and Arnav Mithal (Associate), with strategic inputs from Rashi Dhir (Senior Partner & Head of Corporate).

The newly launched fund, Jamwant Ventures Fund 2, will focus exclusively on deep tech with defense use cases, including new materials, autonomous systems (such as drones and underwater robotics), cybersecurity, sensors, and communication technologies.

The partnership brings together Jamwant Ventures’ domain expertise, founded by retired naval officers with deep operational expertise, and Aavishkaar Capital’s institutional investment acumen, creating a unique platform dedicated to scaling indigenous defense technologies.

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