VC fund (Cat II) · SEBI registry
GVFL Emerging Enterprise Venture Trust
Growth (Series C+) · IT / SaaS / Enterprise Software · Ahmedabad
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- IT / SaaS / Enterprise Software
- City
- Ahmedabad
- HQ / office
- Ahmedabad, Gujarat (Nehrunagar, Satellite Road)
- Fund registered
- 2019
- Investments on record
- 125
- Corpus (as reported)
- GVFL Emerging Enterprise Venture Fund targeted at ~INR 500 Cr (firm-wide AUM ~USD 35M historically); ticket size ~INR 5-20 Cr (per media, undated)
- Website
- gvfl.com
- Profile ↗
About
Vehicle managed by GVFL Limited (Gujarat Venture Finance Limited), a pioneer Indian VC founded in 1990 in Ahmedabad with the World Bank and Government of Gujarat. This Cat II fund targets emerging growth-stage enterprises (pre-Series A to Series B).
Investment focus
Pre-Series A / Series A / Series B growth-stage VC; sectors include enterprise tech / B2B SaaS, deep tech, clean tech, healthcare/biotech, consumer brands, gaming, fintech and agritech
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/19-20/0765
SIDBI Fund of Funds
Yes — manager GVFL Limited was promoted by the World Bank and Government of Gujarat (1990); GVFL funds are backed by Government of Gujarat, SIDBI, LIC, NABARD and BIRAC. GVFL Startup Fund (Cat I, IN/AIF1/15-16/0190) is part of the same government-anchored platform.
Notable portfolio
Ghost Kitchens; Growit; Zero Cow Factory; Gamerji; Amrita Therapeutics
Team & organisation
Manager-level: ~14 investment team members (CB Insights); GVFL 11-50 employees (LinkedIn); CEO Mihir Joshi, MD Sanjay Randhar
Category II AIF set up as a trust (GVFL Emerging Enterprise Venture Trust, SEBI-filed 30-Sep-2019), managed by GVFL Limited within its multi-fund (11-fund) platform
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Frequently asked
- What does GVFL Emerging Enterprise Venture Trust invest in?
- Pre-Series A / Series A / Series B growth-stage VC; sectors include enterprise tech / B2B SaaS, deep tech, clean tech, healthcare/biotech, consumer brands, gaming, fintech and agritech
- How do I pitch GVFL Emerging Enterprise Venture Trust 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://www.sebi.gov.in/sebi_data/intermediaryfiles/dec-2019/1575878790520.pdf; https://in.linkedin.com/company/gujarat-venture-finance-limited