GVFL Limited (formerly Gujarat Venture Finance Limited) is widely regarded as pioneer of Venture capital in India. It is an independent, autonomous Board managed venture finance company based in Ahmedabad, Gujarat, India.
GVFL ushered in the dawn of venture capital in India. Founded in 1990 at the initiative of World Bank, GVFL has supported ventures working on cutting edge of technology as well as encouraged entrepreneurs with innovative ideas.
Over the past two decades GVFL has raised eight venture capital funds which have supported over 94 companies. Unique feature of GVFL’s approach has been its broad-spectrum support to its funded entities that ranges from strategic direction to governance support.