Karan Goshar
Managing Partner
Investment strategy, defence, deeptech and industrials
LinkedIn profile ↗India / Direct investor
Technology for strategic capability.
India-based investing across defence, deeptech, industrials and energy transition.
Connect NowVerified cheque rangeNot disclosed
Verified fund closeNot disclosed
Manager stage rangeEarly / growth / late
Published relationships48 identities
01 / The fund
Defence, industry and frontier engineering
Valour Capital backs technology businesses in defence, deeptech, advanced manufacturing and energy transition. The manager describes equity and strategic debt and engages at early, growth and late stages. This is the India-based manager at valour.capital, not the similarly named firm at valourcapital.vc.
The manager identifies Valour Capital Trust, managed by Valour Managers Pvt Ltd, as a SEBI Category II AIF with registration IN/AIF2/25-26/1832. Its website does not establish a completed fund size or a current cheque range. An August 2026 directory gives USD 1-3m tickets, USD 50m current size and USD 150m total size, while another directory says size is undisclosed. Without manager or closing evidence, we do not promote those directory figures to confirmed terms.
The visible official portfolio contains 43 identities. Its own internal filter tags divide them into 12 new_fund and 31 old_fund records. Four more company detail pages exist in the official sitemap but not the visible grid. A current investment-team member also names Bharat Semi in personal experience. These 48 are differently evidenced public relationships, not 48 current Trust holdings. Old-fund records include overseas companies and investments dated before Valour’s current AIF; the subscribing fund or personal vehicle is not inferred.
Launcher is explicitly identified as acquired by Vast. The manager does not provide a complete live exit register. Founding dates, product claims and old technical milestones on manager pages are not treated as newly verified 2026 breakthroughs. In particular, HyLenr’s energy claims are descriptions of its work, not an independent performance endorsement.
Official portfolio ↗ · Manager and team ↗02 / Portfolio
Explore by sector
43 visible manager-grid identities, four official historical/sitemap records and one separately labelled investment-team record. Each company’s own site was attempted. A manager label does not establish a current holding, exact fund vehicle or operating status.
Quantum computing is Quantum. Chips, image sensors and fabrication are Semiconductors. Launch vehicles, satellite systems and space habitats are Space Tech. Robots, autonomous systems, motion controls and sensing hardware are Physical AI. Materials, fusion research, supercapacitors and energy systems are Energy & Materials. General software, conventional manufacturing services and mobility services stay in Others.
Energy & Materials 9
Experimental low-energy nuclear-reaction thermal-energy systems
Technology description is the company/manager’s claim. No independent energy-gain or commercial-readiness verdict is implied.
Holding source ↗
Technical textiles and engineered fabrics for defence and industry
Holding source ↗
High-power supercapacitor cells and custom modules
Manager website link goes to an unrelated solar distributor. Recovered the company’s supercapacitor site instead.
Holding source ↗
Materials and separation technologies for industrial sustainability
Holding source ↗
Membrane separation systems for water and critical-mineral recovery
Own site access could not be fully verified. Opens the manager investment record.
Holding source ↗
Ammonia-to-power systems for shipping and stationary energy
Holding source ↗
Magnetised-target fusion energy development
Holding source ↗
High-strength composites and faster manufacturing processes
Holding source ↗
Electric-vehicle charging infrastructure and network services
Holding source ↗Physical AI 15
Missile systems, aerospace structures and defence engineering
Own site access could not be fully verified. Opens the manager investment record.
Holding source ↗
Rugged embedded computers, avionics and defence electronic systems
Holding source ↗
Underwater and aerial systems for defence and surveillance
Holding source ↗
Combat training systems, shooting ranges and vertical wind tunnels
Holding source ↗
Electric vertical-take-off aircraft for urban transport
Holding source ↗
Quadruped robots for security and industrial use
Holding source ↗
AI-enabled autonomous systems, monitoring and maritime platforms
Own site reports a security breach and ongoing content restoration. Product information may be incomplete.
Holding source ↗
Electro-optical sensors and automated surveillance systems
Holding source ↗
Hydraulics, actuators, drive-by-wire and motion-control systems
Holding source ↗
Industrial robots, warehouse automation and automated parking
Holding source ↗
Underwater robots and inspection systems
Holding source ↗
Robotic furniture and space-transforming interior systems
Holding source ↗
Controlled-environment farms using hydroponics
Holding source ↗
Electric three-wheelers and commercial vehicles
Own company page returned content with an HTTP 500 status. Present availability is uncertain.
Holding source ↗
Hydroponic greenhouses and controlled-environment farming
Holding source ↗BioTech 1
Plant-protein egg alternatives marketed as Just Egg
Holding source ↗Semiconductors 3
Semiconductor foundry technology and fabrication services
Holding source ↗
Chips and computing services for fast AI inference
Holding source ↗
CMOS image sensors and imaging semiconductor technology
Beyond the manager grid. Current investment-team experience lists Bharat Semi; no ticket or subscribing fund is disclosed. Plain-text fallback shown because a verified mark was not recovered.
Holding source ↗Quantum 1
Space Tech 5
Small-satellite launch vehicles and rocket engines
Holding source ↗
Optical and radar Earth-observation satellite systems
Holding source ↗
Solid propulsion and pyrotechnic systems for aerospace and defence
Holding source ↗
Rocket engines and launch technology; acquired by Vast
Manager identifies the 2023 acquisition by Vast. Retained as one historical investment identity, not an independent current holding claim.
Holding source ↗
Space habitats, defence systems and advanced engineering
Holding source ↗Others 14
Precision aerospace gears, machining and manufacturing services
Own site access could not be fully verified. Opens the manager investment record.
Holding source ↗
Electrical connectors and contact components for demanding applications
Holding source ↗
Electronics design and manufacturing services
Holding source ↗
Driveline and torque-transmission components
Holding source ↗
Electronics product development, manufacturing and supply-chain services
Holding source ↗
AI-powered search, research and answer software
Own site access could not be fully verified. Opens the manager investment record.
Holding source ↗
Venture platform, shared labs and support for technology companies
Holding source ↗
AI legal research, drafting and practice-management software
Holding source ↗
Electric commercial-vehicle fleet and mobility services
Holding source ↗
Electric-vehicle retail, access and charging services
Holding source ↗
Portfolio reporting and investment accounting software
Holding source ↗
Startup investment platform, incubation and funding services
Holding source ↗
Bread, bakery products and packaged consumer foods
Plain-text fallback because the own-site automatic logo candidate was a retailer mark, not this company.
Holding source ↗
Recruitment, assessment and hiring software
Holding source ↗Separate personal track record
Karan Goshar’s personal experience lists investments in Rebel Foods from September 2021 and BluSmart from July 2022, beyond this manager portfolio. These are personal-profile relationships, excluded from the 48 identities and not evidence of a Valour fund holding or current company operations. Other personal entries overlapping the manager grid are counted only once.
Personal investment record ↗03 / Team & connect
Investment team
Prakhar Pandey
General Partner
Partner; investor relations, strategy and portfolio value creation
LinkedIn profile ↗
Srinivas Reddy Tangirala
Associate / Investment Team
Investment sourcing, research and analysis
LinkedIn profile ↗Five core investment/partner contacts checked against current personal experience on 2 November 2026; official portraits visually matched. Prakhar’s role includes investor relations and portfolio work and is shown as a partner, not assumed to be every company’s deal lead. Ayush’s live experience starts April 2026, superseding an indexed January date. Kunal Sawant’s own departure and ended experience mean he is excluded despite a stale headline. Dharshini’s compliance/diligence role, Nishant’s portfolio monitoring, legal, accounting and advisors are excluded from this investment-contact list.
Official contact route ↗04 / Fund network
Limited partners
No named LP commitment was established from the public sources reviewed. The manager says Karthik Iyer also leads the Sundar Iyer Family Office. That affiliation alone does not prove the family office is an LP. Company co-investors, IPO anchor subscribers and LLP partners are not silently converted into fund LPs. No guessed institution or portrait is displayed.
This means undisclosed or unverified, not that the fund has no LPs. Research checked 2 November 2026.
Manager disclosure ↗