Startup Funding
Navam Capital has marked the final close of its maiden alternative investment fund, Navam Venture Fund I (NVF-I), at over Rs 315 crore (about $35 million), after exercising its green shoe option. The Category II AIF had a target corpus of Rs 250 crore and was oversubscribed at final close, the firm said. The early-stage, India-focused fund is backing intellectual-property-led deep-technology startups that are built in India for global markets. Its investment thesis spans advanced computing, semiconductors, robotics, drone technology, space technology, industrial automation, enterprise AI, climate tech and materials science. Navam Capital said NVF-I has attracted a diversified limited partner base, including technology founders, business operators, family offices, industrial groups and conglomerates. The fund is largely backed by domestic capital, with commitments from family offices, corporate groups, ultra-high-net-worth individuals and founders. The firm has already invested in ei...