Fund News
GVFL achieves first close of Prarambh Fund at Rs.100-Cr
GVFL , an Ahmedabad-based venture capital firm, has achieved the first close of its new seed-stage fund called Prarambh Fund, at INR 100 crore. The fund, aiming at a total corpus of INR 200 crore, plans to invest in 25-30 seed stage startups.Prarambh Fund will focus on startups in the B2B SaaS, healthtech, agritech, climate-tech, and deep-tech areas with investments of INR 1 crore to INR 3 crore each.GVFL has raised nine funds so far, which have supported over 110 companies. It has divested from over 75% of portfolio companies.
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