The first close of Gujarat Venture Finance Limited’s (GVFL) new seed stage fund, Prarambh Fund, at Rs 100 crore, has been announced. There are 200 crores rupees in the fund corpus.
In the coming year, GVFL intends to invest the money in 25–30 seed startups. The Prarambh Fund will invest between Rs 1 crore and Rs 3 crore in tech startups that are in the B2B SaaS, health-tech, agritech, climate tech, and deeptech sectors.
Venture capital firm GVFL is run independently by a board of directors. It has raised nine funds so far, supporting over 110 companies, and it has sold off more than 75% of portfolio companies that have given investors excellent returns.
Funds from the co-investment platform a4X.fund (accelerate for excellence) are supplied by GVFL. With partnerships with mentors and industry experts, as well as acceleration services, this platform helps seed-stage companies develop their growth roadmap.
Gujarat Venture Finance Limited (GVFL), a venture capital (VC) firm with headquarters in Gujarat, announced in July 2022 the first close of its ninth fund, which has a total corpus of Rs 500 crore, at Rs 185 crore.
