Navam Capital makes final close of maiden fund at Rs 315 crore

Navam Capital has closed its maiden fund, Navam Venture Fund-I, at over Rs 315 crore ($35 million), surpassing its original target of Rs 250 crore. The venture capital (VC) firm has already invested in eight startups and plans to back 15-16 in all, Rajeev Mantri, the company’s founder and managing partner, told ET.

Navam focuses on early-stage investments in frontier technologies and science-driven innovation. It’s largely backed by domestic capital, with commitments from family offices, corporate groups, ultra-high-net-worth individuals, and technology founders.