MountTech Growth Fund - Kavachh

MountTech Growth Fund - Kavachh is a venture capital firm dedicated to fostering innovation in India's defense, aerospace, and deep tech sectors. The firm primarily invests in early to growth-stage companies that develop original technologies and intellectual property, aiming to enhance India's self-reliance in critical areas. Their investment philosophy emphasizes supporting startups that address strategic needs across sectors like national security, defense, aerospace, and digital communications.

The fund seeks to partner with founders who are smart, technically brilliant, passionate, and resilient, focusing on products and services with growing and attractive revenue opportunities. These startups should have multi-industry applications and appeal to both Indian and global markets. MGF-Kavachh prefers to lead or co-lead funding rounds and co-invest with reputable, value-adding partners.

In July 2024, the fund raised ₹250 crore, oversubscribed to ₹275 crore, and received approval from the Securities and Exchange Board of India (SEBI). The first scheme, Kavach, focuses on startups in defense and deep tech sectors. In November 2024, MGF-Kavachh led a $10 million Series A funding round for GalaxEye, a space tech startup aiming to launch a high-resolution, all-weather satellite in 2025. This investment aligns with the fund's commitment to supporting frontier technologies that enhance India's national security and technological independence.