What cheque size does KARNATAKA INFORMATION TECHNOLOGY VENTURE CAPITAL FUND 2 write?

As compiled from public sources: INR 1-2.5 Cr per investee (Rs.100-250 lakhs per unit)

VC fund (Cat I) · SEBI registry

KARNATAKA INFORMATION TECHNOLOGY VENTURE CAPITAL FUND 2

Seed · Pharma & Life sciences · Bengaluru

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At a glance

Stage focus: Seed
Primary sector: Pharma & Life sciences
City: Bengaluru
HQ / office: Bengaluru, Karnataka (Khanija Bhavan, 4th Floor East Wing, Race Course Road)
Fund registered: 2015
Investments on record: 8
Corpus (as reported): KITVEN Fund 2 corpus Rs 26.25 crore (launched FY 2008-09)
Website: kitven.in
LinkedIn: Profile ↗

About

A State and Central Government financial-institution-backed venture capital fund operating in Karnataka, managed by Karnataka Asset Management Company Pvt Ltd (KAMCO) under the KITVEN umbrella (active since 1999). Fund 2 was subscribed by KSIIDC, KSFC, SIDBI and KBITS. The given SEBI fund list also includes KITVEN Fund-3 (Biotech). Portfolio names are KITVEN-umbrella investments and may span multiple KITVEN funds.

Investment focus

Early/seed and growth-stage venture capital in Karnataka-based startups; IT, biotech, nanotech, semiconductor, ESDM and other knowledge-based sectors. KITVEN Fund 2 ticket size Rs 100–250 lakh.

Cheque size

INR 1-2.5 Cr per investee (Rs.100-250 lakhs per unit)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category I — reported as “Cat I”

IN/AIF1/15-16/0195
IN/AIF1/25-26/1883

SIDBI Fund of Funds

Yes — Govt-backed VCF managed by Karnataka Asset Management Company (KAMCO). KITVEN Fund-2 (corpus Rs.26.25 Cr) subscribers/LPs include SIDBI (Rs.7.50 Cr), KSIIDC (Rs.6.25 Cr), KSFC (Rs.7.50 Cr) and KBITS (Rs.5.00 Cr) — i.e. SIDBI as LP plus Karnataka State govt institutions. Source: kitven.in fund pages / search snippets

Notable portfolio

String Bio; Pandorum Technologies; Zumutor Biologics; BluArmor Helmets; SenseGiz; Avekshaa Technologies; QNu Labs; Fibroheal Woundcare

Team & organisation

Not disclosed (small state-AMC team under Karnataka Asset Management Company Pvt Ltd)

State/Central govt-promoted VCF; manager is Karnataka Asset Management Company Pvt Ltd (KAMCO), a SEBI-registered Category I AIF / VCF (single-fund within multi-fund KITVEN family), trust-structured

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Frequently asked

What does KARNATAKA INFORMATION TECHNOLOGY VENTURE CAPITAL FUND 2 invest in?: Early/seed and growth-stage venture capital in Karnataka-based startups; IT, biotech, nanotech, semiconductor, ESDM and other knowledge-based sectors. KITVEN Fund 2 ticket size Rs 100–250 lakh.
What cheque size does KARNATAKA INFORMATION TECHNOLOGY VENTURE CAPITAL FUND 2 write?: As compiled from public sources: INR 1-2.5 Cr per investee (Rs.100-250 lakhs per unit)
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About this record

⚑ Government-backed VC fund (Cat I); manager is Karnataka Asset Management Co (KAMCO)

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.kitven.in/; https://kitven.in/funds/kitven-fund2