About MGF Kavachh
MGF Kavachh is a venture capital firm founded in 2024. It is primarily based out of Delhi, India. As of Sep 2026, MGF Kavachh is an active investor, having invested in 9 companies, with 5 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 Applications. Most recently it participated in the $***** Series A round of Kokasa 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 23 people including 7 partners.Key Metrics
Team Members
Portfolio Count
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 9 companies. Their most notable investments are in Hycosys and Aeron Systems.Their portfolio spans across and India. They have invested in High Tech, Aerospace, Maritime and Defense Tech, Enterprise Applications and 5 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by MGF Kavachh:1. GalaxEye
Developer of multi-sensor imaging satellites for geospatial analysis. These satellites combine optical and radar sensors on a single platform to provide all-weather, day and night imagery. The technology enables advanced geospatial analysis for various industries by delivering aligned, analysis-ready data streams.
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: $26.4M
- Employee Count: 141 as on May 31, 2026
- Investors: Yali Capital, Valour Capital and 53 Others
- Latest Funding Round: Series A, Jan 08, 2026, $*****
- Highlight: Editors' Pick
Manufacturer of inertial navigation systems and industrial internet of things solutions. The company specializes in the development of embedded electronics for aerospace, automotive, renewable energy, and agriculture applications. It offers a range of products including inertial sensors, tilt sensors, digital magnetic compasses, wireless data loggers, and meteorological stations. The organization focuses on precision engineering and sensing technologies to provide reliable solutions for critical applications.
Key facts about Aeron Systems
- Founded Year: 2008
- Location: Pune (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $5.98M
- Employee Count: 160 as on May 31, 2026
- Investors: Riverwalk Holdings, MGF Kavachh and 8 Others
- Latest Funding Round: Series A, Aug 27, 2026, $*****
3. 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: Series A
- Total Funding till date: $29.7M
- Employee Count: 47 as on Aug 31, 2025
- Investors: Lucky Investment Managers, Z47 and 17 Others
- Latest Funding Round: Series A, Aug 28, 2026, $*****
- Highlight: Editors' Pick
4. 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: 37 as on Sep 30, 2026
- Investors: Piper Serica, MGF Kavachh and 4 Others
- Latest Funding Round: Seed, Nov 12, 2025, $*****
- Highlight: Editors' Pick
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: 21 as on Aug 31, 2026
- Investors: Venture Garage, 1Crowd and 7 Others
- Latest Funding Round: Seed, Apr 09, 2025, $*****
- Highlight: Editors' Pick
MGF Kavachh's Year-on-Year Investment Trends
In 2025, it made 4 investments, while as of Sep 2026, it has made 6 investments in this year. Its most recent first time investment was in Kokasa and most recent follow-on round was in GalaxEye.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 1 | 6 |
2025 | 3 | 1 | 4 |
2024 | 1 | 0 | 1 |
MGF Kavachh's Investments by Stage
MGF Kavachh has made 6 investments in Seed stage with an average round size of $2.34M and 3 investments in Series A stage with an average round size of $4.06M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 3 |
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, Environment Tech, Semiconductors and Sustainability Tech. Notably, it has invested in 9 Enterprise (B2B) companies, 9 Tech companies, 8 Tech hardware companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 7 |
Aerospace, Maritime and Defense Tech | 6 |
Environment Tech | 2 |
Semiconductors | 2 |
Sustainability Tech | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
MGF Kavachh's Investments by Geography
MGF Kavachh has made most investments in India (9).MGF Kavachh's recent investments
MGF Kavachh has made 6 investments in 2026 so far. Kokasa and Aeron Systems 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 |
|---|---|---|---|---|---|
Sep 03, 2026 | India | Series A | 3543 | [+4] | |
Aug 27, 2026 | India | Series A | 4901 | ||
Mar 17, 2026 | India | Seed | 1065 | [+1] | |
Feb 23, 2026 | India | Seed | 2538 | - | |
Jan 28, 2026 | India | Seed | 6431 |
Team profile of MGF Kavachh
MGF Kavachh has a team of 23 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 | Delhi | - | ||
Principal | Bengaluru | - | ||
Principal | - | - |
Co-investors of MGF Kavachh
Over the past 2 years, 78 investors have co-invested in MGF Kavachh's portfolio companies. This includes funds and angels.
- Invested before MGF Kavachh: iDEX, Speciale Invest and 43 others have invested in rounds before MGF Kavachh. There are 4 companies where iDEX has invested before MGF Kavachh and 2 companies where Speciale Invest has invested before MGF Kavachh.
- Top Co-investors of MGF Kavachh: 24 investors entered a company along with MGF Kavachh. These include investors like Infosys (1 company).
- Invested after MGF Kavachh: A total of 9 investors have invested in MGF Kavachh's portfolio after their investments. Top Investors include Eraya Capital (1 company), Penmasta Teja Raju (1 company) and Chinmay G Parikh (1 company).
Recent News related to MGF Kavachh
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Aeron Systems Raises Rs 45 Cr in Pre-Series B Funding RoundEntrackr•Sep 01, 2026•MGF Kavachh, Riverwalk Holdings, Aeron Systems
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IIT Delhi Spinout DeepLase Raises ₹6 Crore Seed Round co-led by Kavachh and Yali CapitalThePrint•Mar 19, 2026•DeepLase Technologies, MGF Kavachh, Yali Capital
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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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EON Space Labs Raises USD 1.2 Million in Pre-Series A Funding Led by MGF KavachhEnablers•Aug 05, 2025•Hhvadvancedtech, MGF Kavachh, EON Space Labs, groundplatform.org
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Robotics Startup Coratia Technologies Secures $2 Mn Funding From MGF KavachhInc42•Jun 27, 2025•MGF Kavachh, Coratia
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InspeCity Secures $5.6M Funding For ExpansionElectronicsforyou•May 08, 2025•InspeCity, Speciale Invest, Shastra, Antler and 4 others
