Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

GVFL's seed-stage focused Prarambh Fund achieves first close at Rs 100 Cr

Prarambh Fund will focus on tech startups in B2B SaaS, healthtech, agritech, climate-tech, and deep-tech with an investment of Rs 1 crore to Rs 3 crore each.

GVFL's seed-stage focused Prarambh Fund achieves first close at Rs 100 Cr

Wednesday June 19, 2024 , 1 min Read

GVFL, a venture capital firm based in Ahmedabad, has achieved the first close of its new seed-stage fund, Prarambh Fund, at Rs 100 crore. The total fund corpus is Rs 200 crore.

The firm aims to fund 25-30 seed startups this year.

Prarambh Fund will focus on tech startups in B2B SaaS, healthtech, agritech, climate-tech, and deep-tech with an investment of Rs 1 crore to Rs 3 crore each.


"Prarambh Fund will ensure the availability of a seamless funding pathway for startups from seed to growth stages. We believe that providing capital support to pre-revenue and early-stage startups will position GVFL as a comprehensive venture capital firm, capable of supporting companies through all stages of their development," said Kamal Bansal, Managing Director, GVFL.


GVFL (formerly Gujarat Venture Finance Limited) will also provide a co-investment platform named a4X.fund (accelerate for excellence) to support seed-stage companies with acceleration services and partnerships with mentors and industry experts to create their growth roadmap.


GVFL is an independent, board-managed venture finance company. So far, it has raised nine funds, which have supported over 110 companies and divested from over 75% of portfolio companies.


Edited by Affirunisa Kankudti