The Ventures of




Welcome to GVFL

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.

Today, GVFL has divested from over 70% of its portfolio companies with handsome returns.

GVFL has carved a niche for itself by making marquee investments in early stage companies across sectors through various funds. It has also made investments in growth stage companies in manufacturing and infrastructure sector across India from the Golden Gujarat Growth Fund. Looking at the current excitement in the startup ecosystem and leveraging on decades of full investment lifecycle experience in startup investing, GVFL has launched ‘GVFL Startup Fund’. The fund focuses on highly scalable, innovative business models, across, sectors, which use technology as an enabler or differentiator and are backed by credible teams.


GVFL, since its inception has managed eight Venture Funds. The Funds were invested in over 94 technology and growth stage companies. GVFL was a forerunner to support new and untried technology based projects. The first three funds-GVCF 1990, GVCF 1995 and GVCF 1997 has been liquidated with good returns. The SME Technology Venture Fund is focusing on early and growth stage technology companies across India. GVFL has launched its latest Fund, ‘GVFL Startup Fund’ and is actively scouting for differentiated investment opportunities.

If you are looking for funds, Send us your pitch deck now!

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