Real estate fund · SEBI registry
Shivalik Investment Fund
Real assets (RE/Infra) · Media & Entertainment · Ahmedabad
At a glance
- Stage focus
- Real assets (RE/Infra)
- Primary sector
- Media & Entertainment
- City
- Ahmedabad
- HQ / office
- Ahmedabad, Gujarat (Satellite/Chhavani area)
- Fund registered
- 2023
- Corpus (as reported)
- Target corpus Rs 300 cr (Rs 150 cr base + Rs 150 cr green-shoe); first close at ~50% of Rs 150 cr (2024)
- Website
- shivalikgroup.com
About
Category II AIF launched by Ahmedabad real-estate developer Shivalik Group (founded 1998, MD Chitrak Shah); described as Gujarat's first AIF of its kind, offering structured, asset-backed real-estate investment. Executive Director Piyush Kothari.
Investment focus
Real-estate AIF — invests in residential, commercial and plotting/land projects in Ahmedabad, Sanand and Gandhinagar high-growth corridors; small allocation to startups
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/23-24/1441
SIDBI Fund of Funds
None found — first close raised from HNIs and family offices; no SIDBI/govt/DFI LP disclosed
Team & organisation
Led by Founder/MD Chitrak Shah and Executive Director & CEO Piyush Kothari (~2 named senior professionals; team size not otherwise disclosed)
Category II AIF promoted by Shivalik Group (Ahmedabad real-estate developer); investment manager Shivalik Investment Fund Pvt. Ltd. — debut single-fund real-estate AIF (SEBI approval 2024)
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Frequently asked
- What does Shivalik Investment Fund invest in?
- Real-estate AIF — invests in residential, commercial and plotting/land projects in Ahmedabad, Sanand and Gandhinagar high-growth corridors; small allocation to startups
- How do I pitch Shivalik Investment 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
- ⚑ real-estate fund (not startup VC)
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.entrepreneur.com/en-in/news-and-trends/shivalik-investment-fund-secures-inr-150-cr-in-first-close/480135; https://yourstory.com/2024/09/shivalik-investment-fund-announces-first-close-inaugral-fund