What cheque size does GVFL Prarambh Fund Trust write?

As compiled from public sources: INR 1-3 Cr (seed-stage average); firm-wide INR 0.25-20 Cr

How do I pitch GVFL Prarambh Fund 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.

VC fund (Cat I) · SEBI registry

GVFL Prarambh Fund Trust

Seed · IT / SaaS / Enterprise Software · Ahmedabad

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Contact on file — shared on accepted request

At a glance

Stage focus: Seed
Primary sector: IT / SaaS / Enterprise Software
City: Ahmedabad
HQ / office: Ahmedabad, Gujarat (Nehrunagar, Satellite Road)
Fund registered: 2023
Investments on record: 125
Corpus (as reported): INR 200 Cr target corpus; first close at INR 100 Cr (~USD 12M) in 2023
Website: gvfl.com
LinkedIn: Profile ↗

About

GVFL's seed/early-stage Cat I AIF managed by GVFL Limited (Gujarat Venture Finance Limited), Ahmedabad. Announced a first close of INR 100 Cr toward a INR 200 Cr corpus to back early-stage tech startups.

Investment focus

Seed and early-stage VC; sectors: B2B SaaS, healthtech, agritech, climate/clean tech and deeptech; avg ticket INR 1-3 Cr, targeting 25-30 seed startups

Cheque size

INR 1-3 Cr (seed-stage average); firm-wide INR 0.25-20 Cr

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category I — reported as “Cat I”

IN/AIF1/23-24/1425

SIDBI Fund of Funds

Yes — GVFL was founded in 1990 by the Government of Gujarat and the World Bank; its funds are backed by Govt of Gujarat (sponsor), SIDBI, LIC, NABARD and BIRAC as LPs/anchors. Prarambh is GVFL's INR 200 Cr seed fund. (gvfl.com; inc42.com)

Notable portfolio

Growit; Zero Cow Factory; Ghost Kitchens; Evify

Team & organisation

~12 core investment team (firm ~58 employees on LinkedIn); MD Kamal Bansal, CEO Harish Pattnaik

Trust-structured Category I AIF (Venture Capital/seed fund) managed by GVFL Limited (formerly Gujarat Venture Finance Ltd) with GVFL Trustee Company Pvt Ltd; multi-fund platform (11 funds raised)

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Frequently asked

What does GVFL Prarambh Fund Trust invest in?: Seed and early-stage VC; sectors: B2B SaaS, healthtech, agritech, climate/clean tech and deeptech; avg ticket INR 1-3 Cr, targeting 25-30 seed startups
What cheque size does GVFL Prarambh Fund Trust write?: As compiled from public sources: INR 1-3 Cr (seed-stage average); firm-wide INR 0.25-20 Cr
How do I pitch GVFL Prarambh Fund 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://gvfl.com/; https://in.linkedin.com/company/gvfl