Investing in Innovation & Ambitious Ventures.
Jamwant Ventures Angel Fund is a SEBI-registered Category I Alternative Investment Fund (Angel Fund) (reg. IN/AIF1/23-24/1474), registered in March 2024 and managed by Jamwant Ventures LLP — a New Delhi-based defence and deep tech angel fund founded by veterans of the Indian Navy. The fund focuses exclusively on defence, aerospace, material sciences, and deep tech startups at pre-seed, seed, and Series A stages, with ticket sizes of ₹50 lakhs to ₹400 lakhs. The fund achieved full subscription at first close and is expanding its size to enable wider participation. It is headquartered at Room No. 6, 1st Floor, IHFC, Vishwakarma Bhawan, IIT Delhi Campus, New Delhi – 110016. The fund has invested in 5 companies to date (as of Oct 2025), including TIEA, SpaceFields, ThrustWorks Dynetics, AeroNero, and Green Aero Propulsion, and most recently co-led a $789K seed round for ThrustWorks Dynetics alongside Piper Serica. The name 'Jamwant' is drawn from the mythological character Jambavan — the veteran who reminded Hanuman of his own powers — reflecting the fund's philosophy of reminding startup founders of their own strengths to cross the ocean of challenges.
Cdr Navneet Kaushik (Retd)
Founder & Managing Partner
Cdr Navneet Kaushik is a retired Commander from the Indian Navy with 26 years of experience in quality, project, technology, and acquisition management. He served as Director (Startups & Outreach) at the Technology Development Board (TDB), Department of Science and Technology, where he evaluated 400+ technology projects (cost >₹2,000 Cr) for scientific, technological, commercial, and financial merit. TDB was an early LP in Blume, IvyCap, and CIIE. He has mentored startups as an ecosystem expert at MIT Boston, is a designated expert at NSTEDB/DST, and is a Professor of Practice at Dibrugarh University. Alumnus of IIT Kharagpur.
Cdr Kartik Gopal (Retd)
Co-Founder
Cdr Kartik Gopal is a retired Commander from the Indian Navy with 27+ years in logistics, supply chain management, mentoring, process implementation, and ERP systems. He has 6 years of industry experience in SCM and freight logistics, and designed and implemented a supply chain solution with zero inventory carrying cost for a factory. He brings expertise in change management and complex problem-solving.
Dr. Jyotsana Dalal
Co-Founder
Dr. Jyotsana Dalal is a former Technology Project Lead at TDB/DST and holds a PhD in Microbial Biotechnology from TERI (The Energy and Resources Institute). She has evaluated 200+ tech-based projects for funding by TDB/GoI across sectors, with expertise in due diligence processes including technology readiness assessment, financial analysis, valuation modelling, and market research. She also managed TDB's Bilateral International Programme.
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