Navam Capital

Navam backs founders who are bringing the future into the present.

SEBI-registered Category 2 AIF, SEBI Registration No. IN/AIF2/22-23/1244
Head office in Kolkata, India
Portfolio includes Ather Energy, Aereo, Morphing Machines and Vyome Therapeutics

AIF

Overview

About Navam Capital

Navam is a venture capital firm focused on making seed and early-stage investments in frontier technology and science-driven innovation. By partnering with founders early and working with businesses through the formative stages, Navam supports entrepreneurs in laying the foundations for growth and accelerates market success for breakthrough innovations. Navam invests in engineering-driven ventures that transform old industries and create new ones, backing founders who bring the future into the present.

Investment philosophy

Navam seeks to invest in technology ventures pursuing breakthrough science and engineering driven innovation. Navam believes that technological changes shift firm boundaries in fundamental ways, and restructure value chains to disrupt incumbent businesses and create space for new champions to emerge. Navam specialises in supporting ventures that are translating inventions into product innovations and taking technology-differentiated products into the marketplace. Navam is frequently the first investor in a venture, because sectors and areas that have a scarcity of mindshare and capital are usually where the best technology investment opportunities are found. Navam's long-term orientation enables it to contribute patient capital to support venture growth across stages.

AIF funds1

Navam Venture Trust

Registered 2023

Cat II4 in team

Team5

Rajeev Mantri

Founder and Managing Partner

Rajeev Mantri is the Founder and Managing Partner of Navam Capital Partners LLP and the SEBI-designated contact person for Navam Venture Trust. He is a Kolkata-based deep tech investor, author, and co-author of 'A New Idea of India: Individual Rights in a Civilisational State' (HarperCollins, 2020). His investment thesis focuses on science-based, engineering-driven companies at the frontier of the knowledge economy. He writes for Mint on technology, innovation, and geopolitics, and runs Tricorder — Navam Capital's newsletter on technology and venture capital. He has been investing in deep tech since the early 2010s.

Anjan Ray

Investment Partner

Anjan Ray is an Investment Partner at Navam Capital, contributing operational and investment expertise to the fund's deep technology portfolio.

Shiladitya Sengupta

Advisor

Venture Advisor

Shiladitya Sengupta is a Venture Advisor at Navam Capital. He is a professor at Harvard Medical School (Associate Professor of Medicine) and co-founder of multiple biotech companies, bringing deep expertise in cancer biology, drug delivery, and translational medicine — directly relevant to Navam's biotech portfolio (Alyssum Therapeutics, Vyome).

Tarun Mehta

Advisor

Venture Advisor

Tarun Mehta is a Venture Advisor at Navam Capital and Co-Founder & CEO of Ather Energy — Navam's portfolio company that is India's leading premium electric two-wheeler manufacturer (IPO-ready as of 2025). His operational expertise in hardware-led deep tech entrepreneurship provides unique advisory value to Navam's portfolio.

Ramesh Mangaleswaran

Advisor

Senior Advisor

Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.

Navam Capital

Overview

About Navam Capital

Investment philosophy

AIF funds1

Team5

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