GVFL

Gujarat Venture Finance Limited, established in 1990 and based in Ahmedabad, focuses on providing seed financing as well as early and growth-stage capital to small- and medium-sized enterprises in India. The firm targets investments across various sectors, including manufacturing, education, healthcare, food and agriculture, consumer goods, and infrastructure. By supporting these industries, GVFL aims to foster the growth of innovative businesses and contribute to the economic development of the region.

Tarun Agarwal

Senior Associate

Saumya Chandra

Investor Relations

Mihir Joshi

President

Rucha Maheshwari

Associate

Saurabh Nair

Senior Associate

Mrunali Parikh

Associate

Sanjay Randhar

Managing Director

Parth Shah

Associate

Ruchit Shah

Senior Associate

Vishnu R. Varshney

Former MD and Member of the Board of Directors

33 past transactions

Zero Cow Factory

Seed Round in 2023
Zero Cow Factory is reinventing the meaning of traditional dairy and food industry by producing India's first animal-free milk protein and dairy products (certainly a world's first A2 milk protein) using bioengineering the microbes & precision fermentation. Our patented technology is to reproduce nature identical milk proteins to craft real dairy products that are ethical, safe, delicious, and identical to cow milk without any animal involved. Our products are free of lactose, antibiotics, hormone, cholesterol and saturated fat. Our technology is also environmentally friendly and there is 99% less land consumption, 98% less water consumption, 84% less CO2e consumption and 65% less energy consumption compared to traditional dairy industry.

Petpooja

Series B in 2021
Petpooja offers the platform for restaurant POS management system. Petpooja helps independent restaurants cut on their costs and increase revenue.

Optimized Electrotech

Seed Round in 2021
Optimized Electrotech specializes in the development of advanced electro-optic surveillance systems tailored for both strategic and commercial markets. The company focuses on creating high-end products capable of recognizing individuals from long distances, with features that allow them to automatically match alerts with existing databases. These surveillance systems utilize longer wavelengths, enabling them to function effectively in challenging atmospheric conditions such as fog and smoke. Their applications are diverse, including perimeter security and airport monitoring, supporting businesses and governmental agencies in areas related to homeland security and defense intelligence. Currently, Optimized Electrotech is seeking funding to initiate commercial production of its innovative solutions.

Clientjoy

Seed Round in 2020
Clientjoy offers Client Life-Cycle Management Software for Freelancers and Agencies. The software allows Freelancers and Agencies to manage their clients right from Leads to Proposals/Contracts to Project Management to Client Support to Invoicing and Revenue realization. Everything interaction with a client happens in one single place.

All That Dips

Seed Round in 2019
All That Dips Pvt Ltd is a company based in Vadodara, India, specializing in the production and sale of packaged dips, sauces, and spreads. Founded in 2017, the company offers a diverse range of products, including hummus, yogurt dips, salsa, cheesy dips, signature dips, and bechef sauces. All That Dips has established a presence in multiple cities, including Vadodara, Ahmedabad, and Mumbai, and markets its products through both retail shops and online platforms. Recognized as one of India's fastest-growing fresh dips companies, All That Dips focuses on delivering high-quality party dips to its consumers.

Fraazo

Seed Round in 2019
FreshVnF is precision agriculture platform that leverages data to pick the finest produce from the best partners and deliver it to your doorstep. We monitor every stage of the Farm-to-Fork cycle to derive synergies for our customers and partner ecosystem

EroNkan

Series A in 2019
EroNkan’s Industrial IoT Platform provides world class infrastructure that enables IoT technology to be applied across various industries and verticals. EroNkan provides tools, technology, consulting and insights into industrial processes, machine performance and shop floor dynamics so that effective and timely decisions can be taken at both ground level and senior management to improve productivity, quality and availability across the organisation at all levels.

Optimized Electrotech

Series A in 2019
Optimized Electrotech specializes in the development of advanced electro-optic surveillance systems tailored for both strategic and commercial markets. The company focuses on creating high-end products capable of recognizing individuals from long distances, with features that allow them to automatically match alerts with existing databases. These surveillance systems utilize longer wavelengths, enabling them to function effectively in challenging atmospheric conditions such as fog and smoke. Their applications are diverse, including perimeter security and airport monitoring, supporting businesses and governmental agencies in areas related to homeland security and defense intelligence. Currently, Optimized Electrotech is seeking funding to initiate commercial production of its innovative solutions.

Sebacic India

Venture Round in 2019
Sebacic India Limited is a leading manufacturer and exporter of Sebacic Acid with complete compliance to Indian EPA laws. The project has been established with an outlay of above Rs. 93 Crores and has an installed capacity of manufacturing 10000 MTPA of Sebacic Acid. This is a largest capacity Plant and It is established by a group who were first company to produce Sebacic Acid in India. The Sebacic India ltd., Manufacturing Company, fully complies with REACH (Registration, Evaluation, and Authorization of Chemicals), the EU regulatory system for chemicals management AND have completed the Registration for volumes of even 1000 T/year or more for SEBACIC ACID

Sequretek

Convertible Note in 2018
Sequretek IT Solutions Pvt. Ltd, established in 2013 and headquartered in Mumbai, India, specializes in IT security and data management services. The company focuses on cyber threat monitoring, intelligence, and response, offering a range of solutions such as Digital Personae Management for employee identity lifecycle management, entitlement management, and application integration for access and request management. It also provides a Threat Protection platform to safeguard against various vulnerabilities and a Security Analytics platform that utilizes big-data analytics to generate actionable threat intelligence. Additional services include security strategy development, governance, risk management, integrated managed cybersecurity, secure infrastructure services, and incident response. Sequretek caters to multiple industries, including finance, IT, media, retail, logistics, and pharmaceuticals, aiming to simplify security for its clients while supporting their digital transformation efforts.

Century Pharmaceuticals

Venture Round in 2018
Century Pharmaceuticals Ltd is in the business of manufacturing APIs for over three decades. They offer various kinds of services in addition to supplies of APIs, they undertake long-term contracts for manufacturing intermediates and development of new Active Pharmaceutical Ingredients as per your requirement. They have a sharp focus on giving value added services to their customers cost effectively.

Ecotrail Personal Care

Venture Round in 2017
Ecotrail Personal Care Pvt. Ltd., established in 2012 and based in Ahmedabad, India, specializes in the manufacture of personal care products, including skin care, body care, hair care, fragrances, and halal-certified cosmetics marketed under the brand Iba Halal Care. The company's product line encompasses a variety of items such as creams, lotions, gels, shampoos, hair oils, face washes, conditioners, scrubs, lipsticks, lip balms, and kajal. Founded by a team of technocrats with over 25 years of experience in the pharmaceuticals and cosmetics sectors, Ecotrail emphasizes innovation to meet the evolving demands of the beauty market. Their Iba Halal Care range is notable for being halal-certified, vegan, cruelty-free, and free from harsh chemicals like parabens and sulfates, catering to the growing consumer preference for ethical and safe beauty products.

FORMCEPT

Series A in 2017
Formcept Technologies & Solutions Private Limited operates a unified data analysis platform that helps enterprises, business professionals, and devices to get actionable insights from their data. It offers data analytics in areas, such as competitive analysis, financial analysis, profile analysis, trend analysis, sentiment analysis, etc. The company provides data from internal data sources, such as customer data, CRM, inventory, and logs; and external data sources, including social media and public data sources. It is available on-premise and on private/public cloud. The company was founded in 2011 and is based in Bengaluru, India.

Chajjhed Foods

Venture Round in 2017
Chajjhed Foods, which was founded in 1979, manufactures ready-to-fry snack pellets under two categories - cereal-based pellet (paan iPuri) and potato-based pellet.

Vidooly

Series A in 2017
Vidooly Media Tech Pvt. Ltd. is a company specializing in YouTube marketing and analytics, providing services designed to help content creators, brands, and multi-channel networks enhance their video presence and revenue generation. Its platform offers a comprehensive dashboard that enables users to grow their channels, connect with influencers, and maximize organic views on YouTube. With tools for analyzing subscriber activity and engagement, Vidooly also facilitates social media analysis and categorizes subscribers for targeted outreach. Additionally, the platform provides services such as influencer connections, competitor tracking, and content suggestions. Founded in 2013 and based in Noida, India, Vidooly has attracted over 30,000 video content creators worldwide and utilizes big data to assess engagement from over 500 million viewers across multiple social video platforms. Notable clients include industry leaders like Fine Brothers and GroupM. The company was originally named Vidoofy before rebranding in January 2014.

Sequretek

Seed Round in 2017
Sequretek IT Solutions Pvt. Ltd, established in 2013 and headquartered in Mumbai, India, specializes in IT security and data management services. The company focuses on cyber threat monitoring, intelligence, and response, offering a range of solutions such as Digital Personae Management for employee identity lifecycle management, entitlement management, and application integration for access and request management. It also provides a Threat Protection platform to safeguard against various vulnerabilities and a Security Analytics platform that utilizes big-data analytics to generate actionable threat intelligence. Additional services include security strategy development, governance, risk management, integrated managed cybersecurity, secure infrastructure services, and incident response. Sequretek caters to multiple industries, including finance, IT, media, retail, logistics, and pharmaceuticals, aiming to simplify security for its clients while supporting their digital transformation efforts.

Varmora Plastech

Venture Round in 2017
Varmora Plastech genuinely believes in good health and nutrition. It strives to provide a range of products that facilitate the customers in maintaining better health and food nutrition in their daily lives. Better health leads towards a better lifestyle and a better life as a whole. And Varmora Plastech is proud to have incorporated a similar thought into the making of its trademark range of quality products. Plastic has become a necessary part of our day to day lives. Unfortunately, the existing market falls short of providing a quality standard, innovative range of products to meet the daily needs of the customers. Varmora Plastech aims to fill this very gap by introducing its innovative range of products that not only will satisfy the needs of the customers but also set a standard in quality plastic ware. The range of plastic products from Varmora Plastech has high standards of quality and durability, and is designed specifically for ease of storage and handling.

Mantis Technologies

Series B in 2016
Mantis Technologies is a technology company dedicated to create end to end technological solutions for the bus travel businesses across the world. They are building a smart & robust road transport network .

Mantis Technologies

Series A in 2016
Mantis Technologies is a technology company dedicated to create end to end technological solutions for the bus travel businesses across the world. They are building a smart & robust road transport network .

Schedulers

Series B in 2016
Schedulers Logistics India Pvt Ltd is a supply chain solutions company based in Mumbai, India, specializing in cold chain services. Established in 2011, it focuses on the handling of temperature-sensitive products primarily for the food and pharmaceutical industries. The company offers a comprehensive range of services, including transportation management, cold storage, warehousing, inventory management, and overall supply chain optimization. With additional offices across major Indian cities such as Navi Mumbai, Pune, Nagpur, and Delhi, Schedulers aims to enhance supply chain performance through its expertise and technical knowledge. The company is committed to delivering exceptional service and fostering continuous innovation, positioning itself as a trusted partner for businesses seeking to navigate the complexities of regulated environments and improve operational efficiencies.

Hubtown

Post in 2015
Hubtown Limited, formerly known as Ackruti City Limited, is a prominent real estate development company in India, with a diverse portfolio that includes residential and commercial properties, IT parks, and Special Economic Zones (SEZs). Operating in seven Indian cities, Hubtown has over 30 years of experience in the construction industry, having developed more than 13 million square feet of space primarily in Mumbai and Pune. The company is recognized for its significant projects, such as Hubtown Solaris and Ackruti Star, which have earned accolades for their design and construction quality. With 45 ongoing projects covering 72 million square feet across regions including Mumbai, Thane, Pune, Bangalore, and Gujarat, Hubtown is committed to innovation and quality. Its strategic partnerships with notable corporations demonstrate its reputation in the market. The company continues to focus on delivering large-scale residential developments, meticulously planned IT parks, and high-quality commercial spaces, thereby enhancing its impact on the real estate landscape in India.

Ushdev Power Holdings

Venture Round in 2015
Ushdev Power Holdings Pvt Ltd "UPHPL" is the holding company for the renewable energy business (Wind Energy) of the Ushdev Group. UPHPL commenced its operation in FY.13. As of today UPHPL has a total operating capacity of 82.05 MW UPHPL acquired UshdevEngitech Limited (UENL) erstwhile SuzlonEngitech Limited (SENL) through Share Purchase Agreement (SPA) executed between UPHPL and Suzlon Energy Limited (SEL) on 28th June 2012. UENL has operational wind power asset of 58.20 MW located across five wind rich states viz. Tamil Nadu, Karnataka, Maharashtra, Rajasthan and Gujarat with multiple models from 350 kW to 2100 kW of Suzlon make.

Aura Herbal Textiles

Seed Round in 2013
Aura helps people see what's going on near them, lets people explore interests and meet other people using the service, all based around location and interests.

SITAC RE

Venture Round in 2013
SITAC RE is an independent wind energy company exclusively focused on the development, financing, construction, ownership and operation of utility-scale wind energy projects in India. Based out of New Delhi, SITAC RE is in the process of developing and operating wind energy projects across India with a project pipeline of circa 830 MW. As a turn-key wind developer, SITAC RE will professionally manage all areas of development, construction, operation and maintenance. From inception to operation, our development team is equipped to handle every step of the wind development process with ease and professionalism. This includes land procurement, wind assessments, transmission studies, permitting applications, or finding a financing, utility or construction partner.

Alfa Corpuscles

Venture Round in 2012
Alfa Corpuscles Pvt. Ltd. designs, manufactures, and sells consumables and disposable medical devices. The company’s products include disposable skin staplers and staple removers, disposable laparoscopy access systems, and hernia mesh systems. It serves medical institutions and offshore clients in India. The company was incorporated in 2007 and is based in New Delhi, India.

Amrita Therapeutics

Seed Round in 2012
During the mid 2000s, Ms Susan K. Finston along with Dr Ananda M Chakrabarty, were tracking the business opportunities in India, so as to set up a biotech company. This led to the birth of Amrita Therapeutics in 2008 as a bio-discovery company in Gujarat. The firm aimed to develop new, innovative therapies with effectiveness against cancer and other viral or parasitic public health threats through commercialization of multiple-disease targeting (MDT) drugs.

Axio Biosolutions

Seed Round in 2010
Axio is a medtech R&D and Manufacturing Company focused on Advanced Surgical and wound care. Axio has the distinction to be the first company from India to get USFDA clearance for a woundcare/hemostat product. Controlling life threatening bleeding continues to be the major cause of death from traumatic injuries. Axiostat is its flagship product developed to reduce the mortality due to traumatic bleeding. A CE approved product, Axiostat is based on a patented novel 100% chitosan platform and has variants catering to Emergency & Trauma, Military, Cardio-vascular and Dental applications.

SLTL Group

Venture Round in 2007
SLTL (Sahajanand Laser Technology Ltd.) - As a innovation driven group of companies, with its in-house R&D expertise it caters to the need of various industries. The Company provides solutions in the wide spectrum of industrial laser, Medical devices, Diamond and Jewellery processing, RF and Microwave and Renewable energy. For More Visit www.SLTL.com

CEON Solutions

Venture Round in 2007
CEON Solutions Pvt. Ltd. specializes in education process management and consultancy for educational institutions. The company offers i-School, an integrated online platform designed for the management of both educational and administrative functions within schools. In addition to this core product, CEON Solutions provides consulting, implementation, training, and support services to enhance the educational experience. The firm is also engaged in developing web-based multilingual applications tailored for educational institutes and organization resource planning software aimed at non-governmental organizations (NGOs). Founded in 2004 and located in Vastrapur, India, CEON Solutions delivers its services primarily through online channels, ensuring accessibility and efficiency for its clients.

RapidRadio

Seed Round in 2007
RapidRadio Solutions Pvt., Ltd. engages in designing, developing, and deploying radio frequency identification hardware solutions. It offers radio frequency identification readers, including proximity, mid-range, handheld, and long range readers; radio frequency identification antennas, such as pad, gate, and custom antennas; radio frequency identification transponders, which comprise inlays, labels, and contact less cards; and HF evaluation kits. The company also offers customized products. It provides its products for access control, healthcare identification, vehicle identification, and campus management applications. The company was founded in 2005 and is based in Ahmedabad, India.

Net4Nuts

Pre Seed Round in 2000
Net4nuts, Ltd. operates as a middleware technology company. It provides software development services in the Internet and the wireless platforms. Net4nuts’s offering, AVTAAR, enables the delivery of personalized data through a host of devices, such as a browser, mobile handset, PDA, or fax. It offers a multi-access information portal; a Launch Pad for providing value-added services through GPRS/CDMA; a tool for looking up information via SMS; bulletin board service; G-SMS, group messaging services; email-2-SMS and SMS-2-email services; a mobile email solution that allows the use of a SMS-enabled mobile handset as a virtual email client; and corporate email solutions. The company also specializes in the design and development of two-tier to n-tier Web applications using the J2EE framework for application development, as well as offers content design and delivery solutions. It also develops wireless applications. The company was founded in 2000 and is based in Ahmedabad, India.
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