GVFL Announces First Close Of INR 500 Cr Fund For Investing In Tech Startups

GVFL Announces First Close Of INR 500 Cr Fund For Investing In Tech Startups

SUMMARY

GVFL’s ninth fund, which is a Category-II Alternate Investment Fund, announced first closure at INR 185 Cr

GVFL will invest in emerging technology startups in the domains of edtech, healthtech, agritech, biotech, consumer business, among others

GVFL has supported 96 companies with its eight funds over the last three decades

Gujarat-based venture capital (VC) firm Gujarat Venture Finance Limited (GVFL) has announced the first close at INR 185 Cr for its ninth fund, which has a total corpus of INR 500 Cr. 

The Category-II Alternate Investment Fund (AIF) is approved by the Securities and Exchange Board of India (SEBI), GVFL said.

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