New Delhi: Impact-investing platform Aavishkaar Group prepares to reveal a minimum of 6 financial investments in deeptech start-ups by 31 December, covering technical fabrics, deep agritech, tissue culture, products science and spacetech, to name a few locations. The Mumbai-based group runs through a number of subsidiaries, consisting of equity capital and impact-investing company Aavishkaar Capital.
Aavishkaar Capital’s 6th fund, raised in 2023, has a corpus of 1,200 crore and normally invests 20 crore to 100 crore per business. The fund has actually released 800 crore up until now, out of an overall investable capital of 1,000 crore. As part of its deeptech press, the group likewise prepares to introduce its seventh fund next year, with a targeted corpus of around 2,000 crore.
“The basic fundraising procedure released in 2015. We are wishing to nearby March to June,” stated Vineet Rai, creator and vice chairman of Aavishkaar Group.
“As the world modifications, Aavishkaar needs to keep asking itself whether its financial investment design and its desire to provide effect stay pertinent in 2026. When I began in 2001, there was no spacetech, deeptech, fintech or agritech. I was not purchasing these sectors,” he included.
Aavishkaar’s financial investment focus comes at a time when deeptech financial investment in the nation has actually been increasing. Mint reported in September that deeptech business have actually raised $2.3 billion throughout simply under 200 offers up until now in 2026, according to information platform Tracxn, compared to $1.62 billion throughout 453 handle all of 2025.
Aavishkaar Group, which has possessions under management (AUM) of $1.2 billion, does rule out its interest in deeptech to be current. Its concentrate on spacetech is fairly brand-new, as the sector opened just recently.
“We have actually been taking a look at innovation and deeptech because 2003-04. We purchased Vortex Engineering, which established inexpensive ATMs for backwoods. We purchased a number of other companies that were rather path-breaking,” Rai included.
Rai spoke with Mint at the 3rd edition of the Sankalp Bharat Summit, a two-day impact-investing top arranged by Aavishkaar Group in Lucknow that ended on 28 October.
Rai’s method to deeptech comes from his belief that innovation enables organizations to leapfrog the obstacles positioned by physical facilities.
“Artificial intelligence (AI) is going to affect more lives than anything Aavishkaar has actually done so far. Our company believe deeptech can reach more individuals at a portion of the expense of physical engagement,” Rai stated.
Aavishkaar Capital has actually bought Gnani.ai, an AI start-up that is establishing a speech-to-speech design under the federal government’s IndiaAI Mission, a 10,372-crore effort that intends to develop India’s AI community. Aavishkaar has actually likewise backed other business, consisting of debt-relief platform Freed, accuracy metal-processing business Poshs Metal Industries Pvt. Ltd and climate-tech start-up Newtrace.
The financial investment company, which formerly sourced all its capital from foreign financiers, now anticipates Indian financiers to contribute 40-60% of its brand-new 2,000-crore corpus, with the rest originating from overseas. The shift shows the growing depth of India’s domestic capital swimming pool.
“Further, the rupee has actually diminished versus the dollar. Raising capital in rupees can assist hedge versus currency dangers, as a weakening dollar can minimize returns when financial investments are determined in dollars,” stated Rai.
Teaming up with other funds
In October 2025, Aavishkaar Group partnered with Jamwant Ventures to release a 500-crore equity capital fund concentrated on early and growth-stage defence and deeptech start-ups in India.
Established by previous Indian Navy officers and public sector veterans, consisting of leaders Navneet Kaushik and Kartik Gopal, Jamwant Ventures targets seed and Series A financial investments of $1 million to $5 million throughout defence, aerospace and deeptech.
“People may ask, ‘Vineet, Aavishkaar is an effect fund. How do you comprehend deeptech?’ Well, we do not always require to comprehend deeptech ourselves. There are much better, smarter individuals who comprehend the sector,” stated Rai.
Aavishkaar’s 2nd collaboration is with Riceberg Ventures, an international early-stage deeptech equity capital company established in 2023. Its financial investments consist of EtherealX and Manastu Space.
“Under this plan, we participate in an arrangement with a fund supervisor who has some financial investment experience and wishes to scale business five-fold, ten-fold or twenty-fold. Because sense, we are a partner instead of a co-GP. They stay the GPs (basic partners),” he included.
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