VC fund (Cat I) · SEBI registry
GUJARAT BIOTECHNOLOGY VENTURE FUND
Early stage (Pre-Series A) · Pharma & Life sciences · Ahmedabad
At a glance
- Stage focus
- Early stage (Pre-Series A)
- Primary sector
- Pharma & Life sciences
- City
- Ahmedabad
- HQ / office
- Nehrunagar, Satellite Road, Ahmedabad, Gujarat
- Fund registered
- 2025
- Investments on record
- 125
- Website
- gvfl.com
- Profile ↗
About
The Gujarat Biotechnology Venture Fund is an early-stage VC fund managed by GVFL Limited (formerly Gujarat Venture Finance Limited), India's first venture capital firm, founded in 1990 and promoted by the World Bank and Government of Gujarat. GVFL is based in Ahmedabad and manages 11 funds with 125+ investments and 75+ exits.
Investment focus
Early-stage venture capital; biotechnology, healthcare/med-tech, and life sciences (within GVFL's broader deep-tech/clean-tech/consumer mandate)
SEBI registration
SEBI AIF Category I — reported as “Cat I”
- IN/AIF1/25-26/2009
SIDBI Fund of Funds
Yes — managed by GVFL Limited, India's first VC firm, promoted in 1990 by the World Bank and the Government of Gujarat; GVFL's startup/early-stage funds are backed by Government of Gujarat, SIDBI, LIC, NABARD and BIRAC as institutional/government LPs. (Biotech fund vintage is a Government-of-Gujarat / DBT-BIRAC-era biotechnology scheme.)
Notable portfolio
Amrita Therapeutics; QRL Bioscience; Zero Cow Factory; Alfa Corpuscles
Team & organisation
Manager-level: ~14 investment team members (per CB Insights); GVFL company size 11-50 employees (LinkedIn). CEO Mihir Joshi; MD Sanjay Randhar.
Category I (Venture Capital) AIF / early biotechnology venture fund managed by GVFL Limited (a Board-managed company incorporated 1990, CIN U65923GJ1990PLC013966), which manages a multi-fund platform of 11 funds
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Frequently asked
- What does GUJARAT BIOTECHNOLOGY VENTURE FUND invest in?
- Early-stage venture capital; biotechnology, healthcare/med-tech, and life sciences (within GVFL's broader deep-tech/clean-tech/consumer mandate)
- How do I pitch GUJARAT BIOTECHNOLOGY VENTURE FUND through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://startup.gujarat.gov.in/venture-capital; https://in.linkedin.com/company/gujarat-venture-finance-limited