About MGF Kavachh
MGF Kavachh is a venture capital firm founded in 2024. It is primarily based out of Delhi, India. As of Mar 2026, MGF Kavachh is an active investor, having invested in 6 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from High Tech to Aerospace, Maritime and Defense Tech and Enterprise Infrastructure. Most recently it participated in the $***** Seed round of Velmenni A lot of funds co-invest with MGF Kavachh, with names like Infosys sharing a substantial percentage of its portfolio. MGF Kavachh has team of 21 people including 7 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Deals in last 12 months
MGF Kavachh's List of Top Investments
MGF Kavachh has a portfolio of 6 companies. Their most notable investments are in EON Space Labs and DeepLase Technologies.Their portfolio spans across and India. They have invested in High Tech, Aerospace, Maritime and Defense Tech, Enterprise Infrastructure and 3 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by MGF Kavachh:1. GalaxEye
Manufacturer of satellites combining radar and multispectral imaging sensor technology. These platforms integrate synthetic aperture radar and multispectral sensors to capture fused imagery. This approach provides visual data for observation and analysis regardless of weather conditions or lighting. The hardware supports applications in infrastructure monitoring, agriculture, and defense by delivering aligned data streams from a single orbital platform.
Key facts about GalaxEye
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $24.1M
- Employee Count: 104 as on Mar 31, 2026
- Investors: Yali Capital, LetsVenture and 50 Others
- Latest Funding Round: Series A, Jan 08, 2026, $*****
- Highlight: Editors' Pick
2. InspeCity
Developer of technologies for extending satellite lifespan and reducing space debris. The company focuses on robotics, propulsion, and rendezvous, proximity operations, and docking (RPOD) technologies. These technologies support satellite life extension and refueling services. The company aims to build a sustainable foundation in orbit, supporting satellites and optimizing their functionality.
Key facts about InspeCity
- Founded Year: 2022
- Location: Thane (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $7.21M
- Employee Count: 47 as on Aug 31, 2025
- Investors: Lucky Investment Managers, Anicut Capital and 13 Others
- Latest Funding Round: Grant (prize money), May 07, 2025, $*****
- Highlight: Editors' Pick
3. Velmenni
Provider of light communication technology for wireless data transmission solutions. The company offers LiFi-based solutions using light for high-speed, secure wireless data transmission as an alternative to Wi-Fi and fiber optics.
Key facts about Velmenni
Developer of optical payloads and systems for space, aerial, and ground. The company designs, develops, and manufactures these payloads. Applications include surveillance, agriculture, natural resources, and disaster management. The team consists of professionals with expertise in aerospace engineering and space technology.
Key facts about EON Space Labs
- Founded Year: 2021
- Location: Hyderabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.71M
- Employee Count: 18 as on May 31, 2026
- Investors: MGF Kavachh, Venture Garage and 3 Others
- Latest Funding Round: Seed, Apr 09, 2025, $*****
5. Coratia
Provider of underwater inspection services using robotic vehicles. This company offers solutions utilizing remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs) for a variety of underwater applications. The vehicles are equipped with advanced features such as cameras, sonar, and GPS for accurate positioning and operation in challenging environments, including those with limited visibility. The company's expertise extends to the development and deployment of these robotic systems, providing clients with comprehensive underwater inspection capabilities.
Key facts about Coratia
- Founded Year: 2021
- Location: Rourkela (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.74M
- Employee Count: 33 as on May 31, 2026
- Investors: Piper Serica, MGF Kavachh and 2 Others
- Latest Funding Round: Seed, Nov 12, 2025, $*****
MGF Kavachh's Year-on-Year Investment Trends
In 2025, it made 4 investments, while as of Mar 2026, it has made 3 investments in this year. Its most recent first time investment was in Velmenni and most recent follow-on round was in GalaxEye.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 3 | 1 | 4 |
2024 | 1 | 0 | 1 |
MGF Kavachh's Investments by Stage
MGF Kavachh has made 5 investments in Seed stage with an average round size of $2.57M and 1 investment in Series A stage with an average round size of $3.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 1 |
Note: We have considered here, only first round of investments
MGF Kavachh's Investments by Sector
MGF Kavachh has a diverse portfolio, with companies operating in the High Tech, Aerospace, Maritime and Defense Tech, Enterprise Infrastructure, Environment Tech and Semiconductors. Notably, it has invested in 6 Enterprise (B2B) companies, 6 Tech companies, 5 Tech hardware companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 6 |
Aerospace, Maritime and Defense Tech | 4 |
Enterprise Infrastructure | 1 |
Environment Tech | 1 |
Semiconductors | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
MGF Kavachh's Investments by Geography
MGF Kavachh has made most investments in India (6).MGF Kavachh's recent investments
MGF Kavachh has made 3 investments in 2026 so far. Velmenni and DeepLase Technologies are the latest among them.Here are the most recent investments by MGF Kavachh:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 17, 2026 | India | Seed | 7539 | [+1] | |
Jan 28, 2026 | India | Seed | 6870 | ||
Jan 08, 2026 | India | Series A | 6804 | [+14] | |
Nov 12, 2025 | India | Seed | 6661 | [+1] | |
Jun 27, 2025 | India | Seed | 9979 | - |
Team profile of MGF Kavachh
MGF Kavachh has a team of 21 members including 7 Partners, 1 Venture Partner and 2 Principals located in India and United Arab Emirates. MGF Kavachh's team sits on the board of 1 company.Here is a list of top team members in MGF Kavachh:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Kolkata | |||
Partner | Dubai | - | ||
Partner | Gurugram | - | ||
Partner | - | - | - | |
Partner | - | - | - | |
Partner | Gurugram | - | ||
Partner | India | - | - | |
Venture Partner | - | - | ||
Principal | Bengaluru | - | ||
Principal | India | - |
Co-investors of MGF Kavachh
Over the past 2 years, 66 investors have co-invested in MGF Kavachh's portfolio companies. This includes funds and angels.
- Invested before MGF Kavachh: Speciale Invest, Anicut Capital and 40 others have invested in rounds before MGF Kavachh. There are 2 companies where Speciale Invest has invested before MGF Kavachh and 2 companies where Anicut Capital has invested before MGF Kavachh.
- Top Co-investors of MGF Kavachh: 17 investors entered a company along with MGF Kavachh. These include investors like Infosys (1 company).
- Invested after MGF Kavachh: A total of 7 investors have invested in MGF Kavachh's portfolio after their investments. Top Investors include LVX (1 company), Eraya Capital (1 company) and Penmasta Teja Raju (1 company).
Recent News related to MGF Kavachh
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pi Ventures leads Rs 30 Cr pre-Series A round in deep-tech company VelmenniEntrackr•Mar 17, 2026•MGF Kavachh, pi Ventures, Velmenni, Apekso
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GalaxEye Raises ₹44 Cr In Ongoing Series A Funding RoundStartupNews•Mar 12, 2026•GalaxEye, Speciale Invest, Rainmatter, Eraya Capital and 7 others
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Hycosys Raises Seed Round Led by MountTech Growth Fund’s KavachhEntrackr•Feb 23, 2026•MGF Kavachh, Hycosys
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Coratia Technologies Secures Rs 5 Cr Investment Led by Piper Serica Angel FundStartupNews•Nov 12, 2025•MGF Kavachh, Coratia, Piper Serica
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InspeCity Secures $5.6M Funding For ExpansionElectronicsforyou•May 08, 2025•InspeCity, Speciale Invest, Shastra, Antler and 4 others
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Space startup GalaxEye secures $10 million in series ATech in Asia•Nov 06, 2024•GalaxEye, MountTech Growth Fund, Mela Ventures, Speciale Invest and 8 others
