Maharashtra Defence And Aerospace Venture Fund

Overview

The Maharashtra Defence and Aerospace Venture Fund (MDAVF), a Rs 330 crore fund launched in 2018 and managed by IDBI Capital Markets & Securities, invests in Maharashtra-domiciled startups across aerospace, marine technologies, missile systems, naval systems, and electronic warfare. As of reporting, the fund had invested Rs 406 crore across 22 MSMEs and committed Rs 480 crore across 27 MSMEs.

Key Facts

Vintage year

2018

Managed by

Maharashtra Defence and Aerospace Venture Fund

Fund size

USD 40M