TLDR:
- GVFL’s Prarambh Fund achieves first close at Rs 100 Crore
- The fund will focus on tech start-ups in B2B SaaS, Health-tech, Agritech, Climate Tech, and Deep-Tech
Article Summary:
GVFL, a venture capital firm based in Ahmedabad, has announced the first close of its new Seed Stage fund, Prarambh Fund, at Rs 100 crore out of a total corpus of Rs 200 crore. The fund aims to invest in 25-30 promising seed startups in various tech sectors such as B2B SaaS, Health-tech, Agritech, Climate Tech, and Deep-Tech.
With a focus on adding value beyond capital, GVFL provides a co-investment platform called a4X.fund to support seed-stage companies with acceleration services, mentorships, and industry partnerships. The company has a strong track record of investing in early-stage companies and is committed to nurturing startups from their inception to maturity.
GVFL’s Managing Director, Kamal Bansal, expressed excitement about the first close of Prarambh Fund, highlighting the fund’s goal of fostering innovation and creating an ecosystem of funding and mentorship for young entrepreneurs. Through this initiative, GVFL aims to support startups at all stages of development and make a substantial impact on the Indian entrepreneurial landscape.
