GVCF 1990 was the first fund of GVFL. The main focus of this Fund were startup companies based on new technologies or closely held technologies with innovative products, process and services. The fund invested into 26 companies all over India. The fund has been liquidated with profits to investors.
GVCF 1995 was created after announcement of SEBI’s guidelines for Venture capital. Investment strategy of GVFL for this fund was based on these guidelines. In the first half GVCF 1995 continued focusing on small and medium start up and early stage companies. It shifted its focus towards software sector with emergence of IT sector in India.