India’s strategic investment landscape just got stronger. India Growth Fund – I (IGF-I), 35North Ventures (SEBI accredited firm) welcome Naman Bagri as Managing Partner — someone who has spent two decades turning capital into conviction and businesses into lasting institutions.
His appointment marks a significant step forward as IGF-I deepens its focus on India’s most consequential emerging sectors — Defence, Deep Tech, Space, and ESG-linked Manufacturing.
About India Growth Fund – I
IGF-I is a SEBI-approved Category I Alternative Investment Fund, sponsored by 35North Ventures, with a targeted corpus of INR 2,000 crore (plus INR 500 crore greenshoe). The Fund backs growth-stage companies from Series A through Pre-IPO, with a clear eye on businesses riding India’s policy tailwinds, sovereign priorities, and long-term structural demand. It builds on the strong foundation of earlier India Discovery Fund vintages, which invested across defence technology, advanced manufacturing, fintech, SaaS, healthtech, consumer technology, and emerging digital infrastructure.
A Strategic Addition to the Leadership Team
Naman brings over two decades of experience across entrepreneurship, capital markets, investment strategy, and scaling financial businesses. He is known for a disciplined approach to compounding capital and building high-performance teams — with deep expertise spanning equities, commodities, institutional relationships, treasury management, and growth strategy.
What makes this appointment particularly relevant is IGF-I’s core belief — that growth-stage companies need more than capital. They need strategic guidance, execution rigour, and access to networks that open the right doors at the right time. Naman has spent his career doing exactly that.
Milan Sharma, Co-founder & Managing Director, India Growth Fund, said, “We are delighted to welcome Naman to India Growth Fund. He brings a rare combination of entrepreneurial vision, investment discipline, and execution excellence — qualities that align perfectly with our philosophy of backing ambitious founders and helping them build enduring companies.”
Naman Bagri, Managing Partner, India Growth Fund – I, said, “India is at an inflection point — and the sectors IGF-I is focused on sit right at the heart of that transformation. I’ve spent my career building businesses and helping capital find its highest purpose. Joining India Growth Fund feels like a natural next step — a chance to back the founders who are quietly building India’s future, and to do it with a team that shares the same long-term conviction. I’m genuinely excited about what we’ll build together.”
Looking Ahead
With Naman on board, IGF-I’s leadership team — drawn from banking, defence, investing, and financial services — is now even better positioned to identify high-conviction opportunities, support portfolio companies through their scale-up journeys, and create lasting value in India’s next wave of strategic enterprises.
