# Chetan Gulati

> Chetan Gulati is a Series B investor at Navy Capital backing Cannabis and Retail. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Navy Capital](https://shizune.co/investors/profile/navy-capital)
- Total investments: 2
- Last investment: Jul 2021
- Lead investor: 50%
- Last updated: Aug 2026

Chetan Gulati is a Partner and Head of Research at Navy Capital, an investment fund focused on investments in the cannabis industry. Prior to Navy, Chetan was the Head of Europe for Perry Capital, a multi-billion dollar global hedge fund. Chetan started his career as a lawyer at Wachtell, Lipton, Rosen & Katz where he practiced bankruptcy andrestructuring law. Chetan graduated with a JD from Yale Law School in 2002 and from the University of Rochester, Magna Cum Laude, Phi Beta Kappa, in 1999.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Cannabis | 2 | 100% |
| Retail | 1 | 50% |
| Health Care | 1 | 50% |
| Manufacturing | 1 | 50% |
| Alternative Medicine | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 50% |
| Venture - Series Unknown | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| C3 Industries | C3 Industries is a cannabis company that produces and sells high-quality cannabis products. A passion for cannabis combined with a desire to produce premium, high-quality products led by brothers, Ankur and Vishal Rungta, and long-time friend, Joel Ruggiero, to launch their multi-state business, C3 Industries (C3I). The company, comprised ofcultivation and manufacturing facilities and retail locations, is dedicated to masterfully crafting, branding, and selling premium cannabis products in legal medical and recreational markets. | $25M | Venture - Series Unknown | Jul 16, 2021 |  |
| Connected International | Connected Cannabis is a vertically integrated cannabis company for the cannasseurs of the weed industry. They take pride in cultivating high-end, designer strains that are lightyears ahead of anyone else in the industry. With designer strains and immaculate terpene profiles that lend intense and distinct flavor, smells, and colors unlike anythingseen or smoked before.Connected Cannabis is based in Sacramento, California. | $30M | Series B | Apr 14, 2021 |  |

2 of 2 investments shown.

## Co-investors
- [Apex Capital Holdings](https://shizune.co/investors/profile/apex-capital-holdings) — VC Fund, 1 deal together
- [Emerald Park Capital](https://shizune.co/investors/profile/emerald-park-capital) — VC Fund, 1 deal together
- [Madison Square Park Capital](https://shizune.co/investors/profile/madison-square-park-capital) — VC Fund, 1 deal together
- [Presidio View Capital](https://shizune.co/investors/profile/presidio-view-capital) — VC Fund, 1 deal together
- [WelCan Capital](https://shizune.co/investors/profile/welcan-capital) — VC Fund, 1 deal together

## About Navy Capital

VC Fund · New York, United States

Navy Capital’s research-oriented, fundamentally-driven investment process focuses on identifying attractive opportunities within the legal cannabis space. Navy Capital seeks to find the best in class businesses within key verticals of the global cannabis industry. Those verticals include Consumer, Healthcare, Technology, Industrials, andAgriculture.

3 contacts available at Navy Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Chetan Gulati | Partner and Head of Research | https://shizune.co/investors/profile/chetan-gulati |
| John Kaden | Managing Partner & CIO | https://shizune.co/investors/profile/john-kaden |
| Sean Stiefel | Founder and CEO | https://shizune.co/investors/profile/sean-stiefel |

## Similar investors

### Similar stage
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- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Chetan Gulati invest in?

Chetan Gulati invests primarily in Cannabis, Retail and Health Care startups, most often at Series B and Venture - Series Unknown stage. Most of the 2 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Chetan Gulati last invest?

The most recent investment recorded for Chetan Gulati closed in Jul 2021. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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